Q1.The term mixed economy denoted existence of both
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5%
(a) rural and urban sector
72%
(b) private and public sector
13%
(c) heavy and small industry
10%
(d) developed and under developed sector
Q2.It will be true to classify India as
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5%
(a) a food-deficit economy
62%
(b) a labour-surplus economy
22%
(c) a trade-surplus economy
11%
(d) a capital-surplus economy
Q3.The Indian economy is characterised by
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15%
(a) pre-dominance of agriculture
21%
(b) low per capita income
10%
(c) massive unemployment
54%
(d) all of the above
Q4.Which is not included in the private income arising in a country?
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15%
(a) Factor income from net domestic product
35%
(b) Net factor income from abroad
32%
(c) Current transfers from government
18%
(d) Current payments on foreign loans
Q5.Who coined the term ‘Hindu rate of growth’ for Indian economy?
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15%
(a) A.K. Sen
37%
(b) Kirit S. Parikh
39%
(c) Raj Krishna
10%
(d) Montek Singh Ahluwalia
Q2.Per capita income is obtained by dividing national income by
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68%
(a) total population of the country
23%
(b) total working population
7%
(c) area of the country
3%
(d) volume of the capital used
Q4.Depreciation is equal to
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56%
(a) GNP – NNP
19%
(b) NNP – GNP
14%
(c) GNP – Personal Income
12%
(d) Personal Income – Personal Taxes
Q5.Which one of the following is not a method of measurement of National
income?
income?
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19%
(a) Value Added Method
19%
(b) Income Method
16%
(c) Expenditure Method
47%
(d) Investment Method
Q1.Net National Product (NNP) of a country is
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17%
(a) GDP minus depreciation allowances
28%
(b) GDP plus net income from abroad
31%
(c) GNP minus net income from abroad
25%
(d) GNP minus depreciation allowances
Q2.National income is based on the
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5%
(a) total revenue of the state
33%
(b) production of goods and services
18%
(c) net profit earned and expenditure made by the state
44%
(d) the sum of all factors of income
Q3.Which of the following is definitely a major indication of the state of the
economy of a country?
economy of a country?
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66%
(a) Rate of GDP growth
11%
(b) Rate of inflation
20%
(c) Number of banks in a country
3%
(d) None of these
Q4.In terms of economics, the total value of the output (goods and services)
produced and income received in a year by a domestic resident of a country put
together is called
produced and income received in a year by a domestic resident of a country put
together is called
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14%
(a) Net National Product
50%
(b) Gross National Product
17%
(c) Gross National Income
19%
(d) National income
Q5.Which of the following is equivalent to National income?
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31%
(a) GDP at market price
24%
(b) NDP at factor cost
22%
(c) NNP at market price
22%
(d) NNP at factor cost
Q1.Which sector of the Indian economy contributes largest to the GDP?
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13%
(a) Primary sector
31%
(b) Secondary sector
56%
(c) Tertiary sector
0%
(d) Public sector
Q2.National Income estimates in India are prepared by
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13%
(a) Planning Commission
18%
(b) Reserve Bank of India
60%
(c) Central Statistical Organisation
10%
(d) Indian Statistical Institute
Q3.The main source of National income in India is
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58%
(a) service sector
26%
(b) agriculture
16%
(c) industrial sector
0%
(d) trade sector
Q4.Who estimated national income in India first?
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52%
(a) Dadabhai Naoroji
18%
(b) R.C. Dutt
20%
(c) V.K. R.V. Rao
9%
(d) D.R. Gadgil
Q5.The National Income of a country is
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26%
(a) the annual revenue of the government
51%
(b) sum total of factor incomes
9%
(c) surplus of PSU’S
14%
(d) export minus import