Indian Economy Questions

Q:

National Income estimates in India are prepared by

A) Planning Commission B) Reserve Bank of India
C) Central statistical organisation D) Indian statistical Institute
 
Answer & Explanation Answer: C) Central statistical organisation

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Q:

Which kind of power accounts for the largest share of power generation in India

A) Hydro - electricity B) Thermal
C) Nuclear D) Solar
 
Answer & Explanation Answer: B) Thermal

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Q:

Who had estimate National Income in India first

A) Dadabhai Naoroji B) R.C. Dutt
C) V.K.R.V.Rao D) D.R.Gadgil
 
Answer & Explanation Answer: A) Dadabhai Naoroji

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Q:

In India, Agriculture income is calculated by

A) Output method B) Input method
C) Expenditure method D) Commodity flow method
 
Answer & Explanation Answer: A) Output method

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Q:

The minimum forest cover to maintain ecological balance in the plains is

A) 25% B) 33%
C) 40% D) 50%
 
Answer & Explanation Answer: B) 33%

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Q:

The main source of National Income in India is

A) Service Sector B) Agriculture
C) Industrial Sector D) Trade Sector
 
Answer & Explanation Answer: A) Service Sector

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Q:

The Standard of living in a country is represented by its

A) Poverty Ratio B) Per Capita Income
C) National Income D) Unemployment Rate
 
Answer & Explanation Answer: B) Per Capita Income

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Q:

What is the full form of GDP

A) Gross domestic product B) Global domestic Ratio
C) Gross depository revenue D) Global depository receipts
 
Answer & Explanation Answer: A) Gross domestic product

Explanation:

GDP full form is Gross domestic product.

 

It is a measurement of a nation’s overall economic activity. 

GDP is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.

 

gdp_full_form_is1536139309.jpg image

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