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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

Explanation:
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Filed Under: Indian Economy

Q:

Hindu rate of growth refers to the rate of growth of

A) GDP B) Population
C) Foodgrains D) Per captain income
 
Answer & Explanation Answer: A) GDP

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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

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Filed Under: Indian Economy

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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Filed Under: Indian Economy

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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Filed Under: Indian Economy

Q:

Per Captain Income of a country derived from

A) National Income B) Population
C) National Income and Population both D) none of these
 
Answer & Explanation Answer: C) National Income and Population both

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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

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Filed Under: Indian Economy