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Q:

Which one of the following is a development expenditure

A) Irrigation expenditure B) Civil administration
C) Debt services D) Grant in Aid
 
Answer & Explanation Answer: A) Irrigation expenditure

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Filed Under: Indian Economy

Q:

Per Capita Income is Obtained by dividing National Income by

A) Total population of the country B) Total working population
C) Area of the country D) Volume of the capital used
 
Answer & Explanation Answer: A) Total population of the country

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Filed Under: Indian Economy

Q:

Who coined the term 'Hindu rate of growth' for Indian economy

A) A.K.Sen B) Kirit S.Parikh
C) Raj Krishna D) Montek Singh Ahluwalia
 
Answer & Explanation Answer: C) Raj Krishna

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Filed Under: Indian Economy

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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Filed Under: Indian Economy

Q:

Which is not include in the private income arising in a country

A) Factor income from net domestic product B) Net factor income from abroad
C) Current transfers from Government D) Current Payment on foreign loans
 
Answer & Explanation Answer: D) Current Payment on foreign loans

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Filed Under: Indian Economy

Q:

When development in economy takes place, the share of tertiary sector in National Income

A) first falls and the rises B) first rises and then falls
C) keeps on increasing D) remains constant
 
Answer & Explanation Answer: C) keeps on increasing

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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) Tertiary Sector D) Mining Sector
 
Answer & Explanation Answer: C) Tertiary Sector

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Filed Under: Indian Economy

Q:

The 'Dual Economy' is a mixture of

A) traditional agriculture sector and modern industrial sector B) industrial sector and manufacturing sector
C) state ownership sector and trading of goods obtained through imports D) none of these
 
Answer & Explanation Answer: A) traditional agriculture sector and modern industrial sector

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Filed Under: Indian Economy