Indian Economy Questions

Q:

The National forest policy aims at maintaining how much of the geographical area under forests

A) Half B) One-third
C) One-fourth D) One-fifth
 
Answer & Explanation Answer: B) One-third

Explanation:
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Q:

What is the percentage of India's population to the world population

A) 6% B) 26%
C) 16% D) 36%
 
Answer & Explanation Answer: C) 16%

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Q:

Economic resources are also called

Answer

Economic resources include land, labour, capital and entrepreneurship. 


Entrepreneurship is also considered an economic resource because individuals are responsible for creating businesses and moving economic resources in the business environment.


 


These economic resources are also called as Factors of production.


 

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Q:

Which property would be classified as expendable?

A) Food given to Army B) Cement
C) Paint D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Expendable properties are those properties that are consume in use or that lose their identity in use. It also include those properties that become an integral part of other property when put to use and those properties which have an expected service life of less than one year.

 

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Q:

On January 3, 2018, RBI initiated ‘PCA’ against the Allahabad Bank. How many public sector banks have been covered under ‘PCA’?

 

A) 18 B) 17
C) 11 D) 15
 
Answer & Explanation Answer: C) 11

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Q:

The law of demand states that other things equal

A) as the price increases, the quantity demanded will decrease. B) as the price increases, the quantity demanded will increase.
C) as the price decreases, the demand curve will shift to the right. D) as the price increases, the demand will decrease.
 
Answer & Explanation Answer: A) as the price increases, the quantity demanded will decrease.

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Q:

Poverty level in india is estimated on the basis of

A) Household consumer expenditure B) Slum population in the country
C) Per capita income in different States D) Household average income
 
Answer & Explanation Answer: A) Household consumer expenditure

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Q:

The Swarnjayanti Shahari Rojgar Yojana which came into operation  from 1.12.1997 aims to provide gainful employment to the urban unemployed or under employed poor but does NOT Include:

A) Nehru Rojgar Yojana B) Urban Basic Service Programme
C) Prime Minister's Integrated Urban poverty Eradication Programme D) Prime Minister's Rojgar Yojana
 
Answer & Explanation Answer: D) Prime Minister's Rojgar Yojana

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