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- Question
Which of the following produces maximum crude petroleum in India at present
Options- A. Assam
- B. Gujarat
- C. Off shore Bombay High
- D. Coastal Tamil Nadu
- Correct Answer
- Off shore Bombay High
- 1. The State which has the highest percentage of literate unemployed in India is
Options- A. Andhra Pradesh
- B. Manipur
- C. Kerala
- D. Gujarat Discuss
- 2. Where is the Forest Reserve Institute of India located
Options- A. Bhopal
- B. Dehradum
- C. Lucknow
- D. Delhi Discuss
- 3. The Income elasticity demand for farm products is
Options- A. High in India
- B. No demand at all
- C. Very low in India
- D. High supply and no demand Discuss
- 4. Which sector of Indian Economy has shown remarkable expansion during the last decade
Options- A. Primary Sector
- B. Secondary Sector
- C. Tertiary Sector
- D. Mining Sector Discuss
- 5. In economics,"capital" refers to
Options- A. mineral resources
- B. the money in one's pocket
- C. consumer goods
- D. buildings and equipment Discuss
- 6. TRAI, the name which we read very often in the newspapers, is a regulatory body associated with which of the following sectors
Options- A. Transport
- B. Travel and Tourism
- C. Technical Education
- D. Telecom Discuss
- 7. Who propounded the Market law?
Options- A. J. B. Say
- B. T. R. Malthus
- C. Adam Smith
- D. David Ricardo Discuss
- 8. Full convertibility of a rupee means ?
Options- 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 Discuss
- 9. Capitalism falls under _ economic system?
Options- A. Market
- B. Planned
- C. Command
- D. Mixed Discuss
- 10. When development in economy takes place, the share of tertiary sector in National Income
Options- A. first falls and the rises
- B. first rises and then falls
- C. keeps on increasing
- D. remains constant Discuss
Indian Economy problems
Search Results
Correct Answer: Kerala
Correct Answer: Dehradum
Correct Answer: Very low in India
Explanation:
Income easticity of demand measures the responsiveness of demand for any goods to changes in income. With increase in incomes generally the demand for farm products like rice wheat etc, will not change drastically. With income increase, demand for luxuries such as consumer durables etc will increase. The income elasticity of demand for farm products is thus low.
Correct Answer: Tertiary Sector
Correct Answer: buildings and equipment
Explanation:
Capital refers to buildings and equipment i.e, goods which are used by workers to produce other goods such as machinery, land, ...
Capital has a number of related meanings in economics, finance, and accounting.
In economics, Capital comprises one of the four major factors of production, the others being land, labor, and entrepreneurship.
In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business.
Correct Answer: Telecom
Correct Answer: J. B. Say
Correct Answer: Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply
Correct Answer: Market
Explanation:
Capitalism is an economic system in which private individuals or businesses own capital goods i.e, economy is characterized by private ownership of the means of production. The production of goods and services is based on supply and demand in the general market known as a market economy and not on central planning known as a planned economy.
Correct Answer: keeps on increasing
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