455
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:   C) Central statistical organisation



Explanation:
Subject: Indian Economy
Q:

Economic planning in India is in____

A) Union List B) State list
C) Concurrent List D) None
 
Answer & Explanation Answer: C) Concurrent List

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0 35
Q:

The concept of joint sector implies cooperation between

A) Public sector and private sector industries B) State Government and Central Government
C) Domestic and Foreign Companies D) None of these
 
Answer & Explanation Answer: A) Public sector and private sector industries

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0 19
Q:

Short term contractions and expansions in economic activity are called ______________

A) Expansions B) Recession
C) Deficits D) The business cycle
 
Answer & Explanation Answer: D) The business cycle

Explanation:
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0 24
Q:

Which curve shows the inverse relationship between unemployment and inflation rates

A) Supply curve B) Indifference curve
C) IS curve D) Phillips curve
 
Answer & Explanation Answer: D) Phillips curve

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0 22
Q:

Tax on inheritance is called __________

A) Excise duty B) Estate duty
C) Gift tax D) Sales tax
 
Answer & Explanation Answer: B) Estate duty

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0 24
Q:

The term 'Macro Economics' was used by __________

A) J.M. Keynes B) Ragner Frisch
C) Ragner Nurkse D) Prof. Knight
 
Answer & Explanation Answer: B) Ragner Frisch

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0 36
Q:

On 24 October 2017, the Government of India announced a massive of ______ package to boost economy

A) Rs 7 lakh crore B) Rs 9 lakh crore
C) Rs 15 lakh crore D) Rs 5 lakh crore
 
Answer & Explanation Answer: B) Rs 9 lakh crore

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0 51
Q:

National Income refers to ___________

A) money value of goods and services produced in a country during a year  B) money value of stocks and shares of a country during a year
C) money value of capital goods produced by a country during a year D) money value of consumer goods and services produced in a country during a year 
 
Answer & Explanation Answer: A) money value of goods and services produced in a country during a year 

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