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 Indian Economy Questions

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Q:

Which of the following is most urbanised State of India

A) Maharashtra B) Mizoram
C) Goa D) Tamil Nadu
 
Answer & Explanation Answer: C) Goa

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Q:

A situation where we have people whose level of income is not sufficient to meet the minimum consumption expenditure is considered as

A) Absolute Poverty B) Relative Poverty
C) Urban Poverty D) Rural Poverty
 
Answer & Explanation Answer: A) Absolute Poverty

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Q:

What is the name of the group of agriculture exporting countries formed in 1986, that has put agriculture on the multi lateral trade agenda at the WTO?

A) The Cairns Group B) ASEAN
C) SCANA D) NAFTA
 
Answer & Explanation Answer: C) SCANA

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Q:

Full convertibility of a rupee means ?

A) Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply B) Repayment of loans in terms of rupees
C) Payment for imports in terms of rupees D) Purchase of foreign exchange for rupees freely
 
Answer & Explanation Answer: A) Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

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Exam Prep: Bank Exams , CAT
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5 5523
Q:

The First Five Year Plan was based on ___________.

A) Herold Domar Model B) P.C . Mahalanobis Model
C) Both the Above D) None of the above
 
Answer & Explanation Answer: A) Herold Domar Model

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9 5368
Q:

TRAI, the name which we read very often in the newspapers, is a regulatory body associated with which of the following sectors

A) Transport B) Travel and Tourism
C) Technical Education D) Telecom
 
Answer & Explanation Answer: D) Telecom

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5 5172
Q:

What is the rank of Bihar in view of population in India

A) 4th B) 3rd
C) 5th D) 11th
 
Answer & Explanation Answer: B) 3rd

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Q:

Economics deals primarily with the concept of

A) Poverty B) Money
C) Scarcity D) Banking
 
Answer & Explanation Answer: C) Scarcity

Explanation:

Economics_deals_primarily_with_the_concept_of1557729122.png image

 

Economics deals primarily with the concept of Scarcity and choice. Scarcity is the limited availability of a commodity, which may be in demand in the market. Scarcity also includes an individual's lack of resources to buy commodities.

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Exam Prep: AIEEE , Bank Exams , CAT
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