Indian Economy Questions Practice Question and Answer
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Q: Which factor is mainly responsible for increase in demand of natural resources?
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5ff5826a9552896910b446b9- 1Scientific advancementfalse
- 2Use of biodegradable chemicalsfalse
- 3Increasing human populationtrue
- 4Environmental pollutionfalse
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Answer : 3. "Increasing human population"
Q: The Indian economy can be appropriately described as a:
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6152acfe76e1e11d608f6d15- 1Traditional economyfalse
- 2Mixed economytrue
- 3Capitalist economyfalse
- 4Socialist economyfalse
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Answer : 2. "Mixed economy "
Q: In which account will the expenditure on the installation of new machinery be disbursed?
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5fb7b371e7381019a0b886e8- 1Cash accountfalse
- 2Machinery Accounttrue
- 3Profit or lossfalse
- 4Installation expense accountfalse
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Answer : 2. "Machinery Account"
Q: Economic survey is published by
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5ec37b5e980ff60a66bdf329- 1Ministry of Financetrue
- 2Planning commissionfalse
- 3Government of Indiafalse
- 4Indian Statistical Institutefalse
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Answer : 1. "Ministry of Finance "
Q: Where is the national center of organic Fertilizer production?
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5fb37b2406649f682b8ffb28- 1Hyderabadfalse
- 2Ghaziabadtrue
- 3Nellorefalse
- 4Dehradunfalse
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Answer : 2. "Ghaziabad"
Q: _____ is the primary sector of the Indian economy.
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60f7b99416158a5eeda86c64- 1Bankingfalse
- 2Information and Technologyfalse
- 3Agriculturetrue
- 4Judiciaryfalse
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Answer : 3. "Agriculture"
Q: The first oil refinery in India was established
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5f9fba0f33d1d86b9ab0fd44- 1Baraunifalse
- 2Visakhapatnamfalse
- 3Digboitrue
- 4Mumbaifalse
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Answer : 3. "Digboi"
Q: Who decides the Repo rate in India?
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605c66a040a8e965941236f0- 1Government of Indiafalse
- 2Ministry of Financefalse
- 3Reserve bank of Indiatrue
- 4None of thesefalse
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Answer : 3. "Reserve bank of India"
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