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Q:

Which one of the following is NOT an example of economic overheads

A) Schools B) Sanitary Facilities
C) Roads and Rrailways D) Coal Mines
 
Answer & Explanation Answer: D) Coal Mines

Explanation:
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Filed Under: Indian Economy

Q:

In India ,Hindu Rate of growth is associated with which of the following

A) Birth Rate B) Population
C) Per Capita Income D) National Income
 
Answer & Explanation Answer: D) National Income

Explanation:
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Filed Under: Indian Economy

Q:

A and B invest in a business in the ratio 3 : 2. If 5% of the total profit goes to charity and A's share is Rs. 855, the total profit is :

A) 500 B) 1000
C) 1500 D) 2000
 
Answer & Explanation Answer: C) 1500

Explanation:

Let the total profit be Rs. 100.

 

 

 

After paying to charity, A's share  = (95*3/5) = Rs. 57.

 

 

 

If A's share is Rs. 57, total profit = Rs. 100.

 

 

 

If A's share is Rs. 855, total profit  = (100/57*855) = 1500.

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Filed Under: Partnership

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

Explanation:
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Filed Under: Indian Economy

Q:

Which one of the following can be called as a part of the Service Sector

A) Textile Mills B) Banking
C) Coal mines D) Agriculture
 
Answer & Explanation Answer: B) Banking

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Filed Under: Indian Economy

Q:

Which of the following is definitelyy a major indication of the state of the economy of the country

A) rate of GDP growth B) rate of inflation
C) number of banks in a country D) stock of food grains in a country
 
Answer & Explanation Answer: A) rate of GDP growth

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Filed Under: Indian Economy

Q:

Which one of the following is NOT amethod of measurement of National Income

A) Value added method B) Income method
C) Expenditure method D) Investment method
 
Answer & Explanation Answer: D) Investment method

Explanation:
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Filed Under: Indian Economy

Q:

Which sector of Indian Economy has shown remarkable expansion during the last decade

A) Primary sector B) Secondary sector
C) Terrrtiary sector D) Mining sector
 
Answer & Explanation Answer: C) Terrrtiary sector

Explanation:
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Filed Under: Indian Economy