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Indian Economy Quiz 6

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  1. Answered
  2. Review
  1. Question 1 of 50
    1. Question

    Production function expresses

  2. Question 2 of 50
    2. Question

    Which one of the following is not a characteristic of the population of a developed country?

  3. Question 3 of 50
    3. Question

    Which plan gave emphasis on removal of poverty for the first time?

  4. Question 4 of 50
    4. Question

    GDP at Factor Cost is

  5. Question 5 of 50
    5. Question

    “Interest is a reward for parting with liquidity” is according to

  6. Question 6 of 50
    6. Question

    Extension or contraction of quantity demanded of a commodity is a result of a change in the

  7. Question 7 of 50
    7. Question

    Cross elasticity of demand between petrol and car is

  8. Question 8 of 50
    8. Question

    ‘Supply creates its own demand’. This statement is related to

  9. Question 9 of 50
    9. Question

    FERA in India has been replaced by

  10. Question 10 of 50
    10. Question

    National Income Estimates in India are prepared by

  11. Question 11 of 50
    11. Question

    The term ‘Mixed Economy’ denotes

  12. Question 12 of 50
    12. Question

    The Law of Demand expresses

  13. Question 13 of 50
    13. Question

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

  14. Question 14 of 50
    14. Question

    Full convertibility of a rupee means

  15. Question 15 of 50
    15. Question

    India is called a mixed economy because of the existence of
    1. Public Sector
    2. Private Sector
    3. Joint Sector
    4. Cooperative Sector

  16. Question 16 of 50
    16. Question

    the present Indian monetary system is based on

  17. Question 17 of 50
    17. Question

    Gross Domestic Product is defined as the value of all

  18. Question 18 of 50
    18. Question

    An exceptional demand curve is one that moves

  19. Question 19 of 50
    19. Question

    Production function explains the relationship between

  20. Question 20 of 50
    20. Question

    The Draft of the Five Year Plans in India is approved by the

  21. Question 21 of 50
    21. Question

    The term stagflation refers to a situation where

  22. Question 22 of 50
    22. Question

    If two commodities are complements, then their cross-price elasticity is

  23. Question 23 of 50
    23. Question

    Opportunity cost of production of a commodity is

  24. Question 24 of 50
    24. Question

    Surplus earned by a factor other than land in the short period of referred to as

  25. Question 25 of 50
    25. Question

    Who is the Ex-officio Chairman of the Niti Aayog?

  26. Question 26 of 50
    26. Question

    Which from the following is not true when the interest rate in the economy goes up?

  27. Question 27 of 50
    27. Question

    Which one of the following is not a method of measurement of National Income?

  28. Question 28 of 50
    28. Question

    Labour Intensive Technique would get chosen in a

  29. Question 29 of 50
    29. Question

    Which one of the following would not constitute an economic activity?

  30. Question 30 of 50
    30. Question

    Net National Product of a country is

  31. Question 31 of 50
    31. Question

    Brain drain

  32. Question 32 of 50
    32. Question

    Formalised system of trading agreements with groups of countries is known as

  33. Question 33 of 50
    33. Question

    Which one of the following is not a method of estimating National Income?

  34. Question 34 of 50
    34. Question

    The monetary policy is India is formulated by

  35. Question 35 of 50
    35. Question

    A short-term government security paper is called

  36. Question 36 of 50
    36. Question

    Under which market condition do firms have excess capacity?

  37. Question 37 of 50
    37. Question

    Price theory is also known as

  38. Question 38 of 50
    38. Question

    National Income is the

  39. Question 39 of 50
    39. Question

    The exchange of commodities between two countries is referred as

  40. Question 40 of 50
    40. Question

    A want becomes a demand only when It is backed by the

  41. Question 41 of 50
    41. Question

    The terms “Micro Economics” and “Macro Economics” were coined by

  42. Question 42 of 50
    42. Question

    During periods of inflation, tax rates should

  43. Question 43 of 50
    43. Question

    Which is the biggest tax paying sector in India?

  44. Question 44 of 50
    44. Question

    “Economics is what it ought to be” – This statement refers to

  45. Question 45 of 50
    45. Question

    The excess of price a person is to pay rather than forego the consumption of the commodity is called

  46. Question 46 of 50
    46. Question

    The existence of a parallel economy or Black Money

  47. Question 47 of 50
    47. Question

    Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states?

  48. Question 48 of 50
    48. Question

    Census of population in India is done after every

  49. Question 49 of 50
    49. Question

    When the price of a commodity falls, we can expect

  50. Question 50 of 50
    50. Question

    According to the Suresh Tendulkar Committee which came out with fresh data on poverty, the Below Poverty Line (BPL) number is now

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