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:

Which of the following policies of the financial sectors is basically designed to transfer local financial assets into foreign financial assets freely and at market determined exchange rates?

A) Capital Account Convertibility B) Financial Deficit Management
C) Mimimum Support Price D) Restrictive Trade Practices
 
Answer & Explanation Answer: A) Capital Account Convertibility

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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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