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 Indian Economy Questions

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Q:

The 'Dual Economy' is a mixture of

A) traditional agriculture sector and modern industrial sector B) industrial sector and manufacturing sector
C) state ownership sector and trading of goods obtained through imports D) none of these
 
Answer & Explanation Answer: A) traditional agriculture sector and modern industrial sector

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Q:

The train service Thar Express between India and Pakistan, originates in India from

A) Jaisalmer B) Jodhpur
C) Bikaner D) Barmer
 
Answer & Explanation Answer: D) Barmer

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Q:

Hindu rate of growth refers to the rate of growth of

A) GDP B) Population
C) Foodgrains D) Per captain income
 
Answer & Explanation Answer: A) GDP

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21 12136
Q:

The term 'mixed economy' denoted

A) existence of both rural and urban sectors B) existence of both private and public sectors
C) existence of both heavy and small industries D) existence of both developed and underdeveloped sectors
 
Answer & Explanation Answer: B) existence of both private and public sectors

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Q:

The Minimum Alternative Tax (MAT) was introduced in the Budget of the Government of India for the year

A) 1991-92 B) 1992-93
C) 1995-96 D) 1996-97
 
Answer & Explanation Answer: D) 1996-97

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Q:

The term stagflation refers to a situation where ?

A) Growth has no relation with the change in prices B) Rate of growth is faster than the rate of price increase
C) Rate of growth is slower than the rate of price increase D) Rate of growth and prices both are decreasing
 
Answer & Explanation Answer: C) Rate of growth is slower than the rate of price increase

Explanation:

Stagflation is a blend of stagnation (in economic growth) and inflation (rise in prices).

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Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

17 10569
Q:

Per Capita Income is Obtained by dividing National Income by

A) Total population of the country B) Total working population
C) Area of the country D) Volume of the capital used
 
Answer & Explanation Answer: A) Total population of the country

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7 10562
Q:

The Mid Day Meal Scheme has been launched by the Union Minister of

A) Home Affairs B) Social Welfare
C) Human Resource Development D) Rural Development
 
Answer & Explanation Answer: C) Human Resource Development

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