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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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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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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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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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Q:

In an economy , the sectors are classified into public and private on the basis of

A) employment conditions B) nature of economic activities
C) ownership of enterprises D) use of raw materials
 
Answer & Explanation Answer: C) ownership of enterprises

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Q:

The term 'mixed economy' denoted

A) existence of both rural and urban sectors B) existence of both private and public sectors
C) existence of both heavy and small industries D) existence of both developed and underdeveloped sectors
 
Answer & Explanation Answer: B) existence of both private and public sectors

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Filed Under: Indian Economy