Q1.Which sector of the Indian economy contributes largest to the GDP?
Anonymous Quiz
13%
(a) Primary sector
32%
(b) Secondary sector
55%
(c) Tertiary sector
0%
(d) Public sector
Q2.National Income estimates in India are prepared by
Anonymous Quiz
13%
(a) Planning Commission
18%
(b) Reserve Bank of India
59%
(c) Central Statistical Organisation
10%
(d) Indian Statistical Institute
Q3.The main source of National income in India is
Anonymous Quiz
57%
(a) service sector
26%
(b) agriculture
17%
(c) industrial sector
0%
(d) trade sector
Q4.Who estimated national income in India first?
Anonymous Quiz
53%
(a) Dadabhai Naoroji
19%
(b) R.C. Dutt
19%
(c) V.K. R.V. Rao
9%
(d) D.R. Gadgil
Q5.The National Income of a country is
Anonymous Quiz
26%
(a) the annual revenue of the government
50%
(b) sum total of factor incomes
10%
(c) surplus of PSU’S
14%
(d) export minus import
Q1.The most appropriate measure of a country’s economic growth is its
Anonymous Quiz
38%
(a) Gross Domestic Product
21%
(b) Net Domestic Product
21%
(c) Net National Product
21%
(d) Per capita real income
Q2.The existence of a parallel economy or black money
Anonymous Quiz
9%
(a) makes the economy more competitive
71%
(b) makes the monetary policies less effective
20%
(c) ensure a better distribution of income and wealth
0%
(d) ensure increasing productive investment
Q3.The philosophy of ‘Laissez-Faire’ is associated with
Anonymous Quiz
3%
(a) Gandhian state
56%
(b) Industrial state
26%
(c) Socialist state
15%
(d) Welfare state
Q4.In free economy, inequalities in income is due to
Anonymous Quiz
8%
(a) free competition
37%
(b) private property and inheritance
50%
(c) differences in the marginal productivity of labour
5%
(d) private property only
Q1.Among Indian economists, who had done pioneering work on National Income?
Anonymous Quiz
3%
(a) P. N Dhar
19%
(b) Prof. Shenoi
74%
(c) V. K. R. V Rao
3%
(d) Jagdish Bhagwati
Q2.One of the problems in calculating the national income in India currently is
Anonymous Quiz
21%
(a) under-employment
18%
(b) inflation
59%
(c) non-monetised consumption
3%
(d) low savings
Q3.Why is demographic dividend likely to be manifested in India in future?
Anonymous Quiz
23%
(a) Population in the age group between 8-15 years is likely to increase
19%
(b) Population of children below 7 years is likely to increase
55%
(c) Population in the age group of 15-64 years is likely to increase
3%
(d) opulation in the age group above 65 years is likely to increase
Q4.Which one of the following is not a feature of India’s economic planning?
Anonymous Quiz
27%
(a) imperative planning
41%
(b) limited centralisation
27%
(c) democratic socialism
5%
(d) indicative planning
Q5.What does the term ‘Green shoots’ represent in an Economy?
Anonymous Quiz
39%
(a) signs of growth of agriculture sector in a growing economy
39%
(b) signs of economic recovery during an economy downturn
18%
(c) signs of growth of agriculture sector in a declining economy
3%
(d) signs of economic decline in a developed economy
Q1.Human Development Index comprises literacy rates, life expectancy at birth
and
and
Anonymous Quiz
22%
(a) GDP per head in the US dollars.
41%
(b) GDP per head at real purchasing power
14%
(c) GNP in US dollars
24%
(d) National Income per head in US dollars
Q2.National Income is the
Anonymous Quiz
2%
(a) NNP at market price
59%
(b) NNP at factor cost
32%
(c) Net Domestic product at market price
7%
(d) Net domestic product at factor cost.
Q3.The ‘activity rate’ of an economy depends upon so many factors, such as :
1. School leaving age
2. Popularity of higher education 3. Social customs 4. Retirement age Code :
1. School leaving age
2. Popularity of higher education 3. Social customs 4. Retirement age Code :
Anonymous Quiz
19%
(a) 1 and 2
16%
(b) 2 and 3
42%
(c) 2, 3 and 4
23%
(d) 1, 2, 3 and 4
Q4.The “Dual Economy” is a mixture of ?
Anonymous Quiz
46%
(a) traditional agriculture sector and modern industrial sector
15%
(b) industrial sector and manufacturing sectors
24%
(c) state ownership of the means of production
10%
(d) industrial sector and trading of goods obtained through imports
5%
(e) None of these
Q5.Market Based economic climate means:
Anonymous Quiz
53%
(a) All financial determinations are taken based mostly on the demand and provide forces
28%
(b) Some financial choice are taken by authorities and different are left to market forces
15%
(c) Government has full handle over the exclusive sector
5%
(d) Economic judgements are taken after maintaining in view the social welfare