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 Indian Economy Questions

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Q:

Which sector of Indian Economy contributes largest to the Gross National Product 

A) Primary sector B) Secondary sector
C) Tertiary sector D) Public Sector
 
Answer & Explanation Answer: C) Tertiary sector

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16 15371
Q:

Which amongst the following states/UTs has Not identified tribal community

A) Chhattisgarh B) Haryana
C) Maharashtra D) Karnataka
 
Answer & Explanation Answer: B) Haryana

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29 14749
Q:

The Government of India has decided to declare which of the following rivers a ' National River '

A) Yamuna B) Kaveri
C) Ganga D) None of these
 
Answer & Explanation Answer: C) Ganga

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22 14327
Q:

Who wrote a book describing the theory of economic drain of India during British rule

A) Late lajpat rai B) Mahatma Gandhi
C) Jawaharlal nehru D) Dadabhai naoroji
 
Answer & Explanation Answer: D) Dadabhai naoroji

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23 13948
Q:

Consider the following statements about indifference curves:

1. Indifference curves are convex to the origin.

2. Higher indifference curve represents higher level of satisfaction.

3. Two indifference curves cut each other.Which of the statements given above is/are correct?

A) 1 only B) 1 and 2
C) 2 and 3 D) 3 only
 
Answer & Explanation Answer: B) 1 and 2

Explanation:

The indifference curves cannot intersect each other.

Higher indifference curve represents a higher level of satisfaction because higher IC means a bundle consisting more of both the goods or same quantity of one good n more quantity of the other good .Hence statement 2 is correct and 3 is incorrect.

Indifference curves is convex to the point of origin because of diminishing Marginal Rate of Substitution.

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Exam Prep: Bank Exams

0 13805
Q:

Paper currency first started in India in _____ ?

A) 1542 B) 1601
C) 1861 D) 1880
 
Answer & Explanation Answer: C) 1861

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

49 13488
Q:

The base year for computation of National Income in India is

A) 1990 - 91 B) 1993 - 94
C) 1999 - 2000 D) 2000 - 01
 
Answer & Explanation Answer: B) 1993 - 94

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21 13394
Q:

MODVAT is related to

A) Sales Tax B) Income Tax
C) Wealth Tax D) Excise Tax
 
Answer & Explanation Answer: D) Excise Tax

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46 13338