Indian Economy Questions Practice Question and Answer
8 Q: FEMA (Foreign Exchange Management Act) was finally implemented in the year_____.
536 0611245fd88e0566940a2af54
611245fd88e0566940a2af54- 11991false
- 21997false
- 32002true
- 42007false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "2002"
Q: Which of the following Economic survey was also famous as Pink Economic survey?
436 061123f9688e0566940a28d1b
61123f9688e0566940a28d1b- 1Economic survey 2015-16false
- 2Economic survey 2016-17false
- 3Economic survey 2017-18true
- 4Economic survey 2019-2020false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Economic survey 2017-18"
Q: __________ is not a loan category in MUDRA Scheme.
459 061123f2f88e0566940a27f33
61123f2f88e0566940a27f33- 1Shishufalse
- 2Kishorefalse
- 3Yuvatrue
- 4Tarunfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Yuva"
Q: _____ is the primary sector of the Indian economy.
639 060f7b99416158a5eeda86c64
60f7b99416158a5eeda86c64- 1Bankingfalse
- 2Information and Technologyfalse
- 3Agriculturetrue
- 4Judiciaryfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Agriculture"
Q: To the economist, total cost includes 1134 05b5cc604e4d2b4197774b4c4
5b5cc604e4d2b4197774b4c4- 1neither implicit nor explicit costs.false
- 2implicit, but not explicit, costs.false
- 3explicit, but not implicit, cost.false
- 4explicit and implicit costs.true
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "explicit and implicit costs."
Explanation :
Answer: D) explicit and implicit costs. Explanation:
Q: Which of the following activities are examples of data gathering? 3321 05b5cc601e4d2b4197774b458
5b5cc601e4d2b4197774b458- 1Counting the votes in an election to determine the next governortrue
- 2Making a pie chart showing the kinds of television sets owned by people in a sample of 1,000false
- 3Finding the mean weight of cancer patients in a studyfalse
- 4Using the results of a mathematical model to predict the next day's weatherfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "Counting the votes in an election to determine the next governor"
Explanation :
Answer: A) Counting the votes in an election to determine the next governor Explanation: Option A) "Counting the votes in an election to determine the next governor" is the only one where data gathering is done. In all other options, data is already collected and now analyzing of data is going on.
Q: Which is one of the factors of subsistence used to measure the Poverty Line in India?
441 060b9f4b641fbe04381679f34
60b9f4b641fbe04381679f34- 1Equalityfalse
- 2Educationtrue
- 3Internetfalse
- 4Transportationfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Education"
Q: Which of the following is not a state tax?
574 060a36e68d3afc7379b0c22e2
60a36e68d3afc7379b0c22e2- 1Wealth Taxtrue
- 2Excise duty on liquorfalse
- 3Sales Taxfalse
- 4Professional Taxfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice