Indian Economy Questions

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:

Graphically, the market demand curve is

A) greater than the sum of the individual demand curves B) the horizontal sum of individual demand curves
C) steeper than any individual demand curve that is part of it D) the vertical sum of individual demand curves
 
Answer & Explanation Answer: B) the horizontal sum of individual demand curves

Explanation:
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Q:

Which among the following is an International river

A) Brahmaputra B) Cauvery
C) Krishna D) Narmada
 
Answer & Explanation Answer: A) Brahmaputra

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%

Explanation:
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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

Explanation:
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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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1 2618
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:

Which state in India  is estimated to have the largest coal reserves in India

A) Bihar B) Jharkhand
C) Madhya Pradesh D) Orissa
 
Answer & Explanation Answer: B) Jharkhand

Explanation:
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