Indian Economy Questions and Answers for Competitive Exams 

1.Golden revolution belongs to:
 A. Horticulture
 B. Oilseeds
 C. Pulses
 D. Wheat
 
  View Answer    Share    Workspace    Report
2.WTO came into existence at the conclusion of which round of GATT?
 A. Marrakesh
 B. Singapore
 C. Tokyo
 D. Uruguay
 
  View Answer    Share    Workspace    Report
3.‘Dear Money’ means:
 A. Depression
 B. High rate of interest
 C. Inflation
 D. Low rate of interest
 
  View Answer    Share    Workspace    Report
4.Aggregate net value of the output in 1 year is the:
 A. Gross Domestic Product at market
 B. Gross National Product at market prices
 C. National Income at factor cost
 D. Net National Product at market prices
 
  View Answer    Share    Workspace    Report
5.Which of the following does not determine the supply of labour?
 A. Marginal productivity of labour
 B. Nature of work
 C. Size and age-structure of population
 D. Work-leisure ratio
 
  View Answer    Share    Workspace    Report
6.The currency convertibility concept in its original form originated in:
 A. Bretton Woods Agreement
 B. Taylors Agreement
 C. Wells Agreement
 D. None of the above
 
  View Answer    Share    Workspace    Report
7.‘Hire and Fire’ is the policy of:
 A. Capitalism
 B. Mixed economy
 C. Socialism
 D. Traditional economy
 
  View Answer    Share    Workspace    Report
8.The Census of Indian agriculture is done by:
 A. Consumption Method
 B. Expenditure Method
 C. Income Method
 D. Production Method
 
  View Answer    Share    Workspace    Report