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 Indian Economy Questions

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Q:

The National Income of a country is

A) The annual revenue of the Governament B) Sum total of factor incomes
C) Surplus of public sector Undertaking D) Export minus Imports
 
Answer & Explanation Answer: B) Sum total of factor incomes

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1 3529
Q:

What is the total population of India according to 2001 Census

A) 1,02,71,01,012 B) 1,02,87,37,436
C) 10,12,52,751 D) None of these
 
Answer & Explanation Answer: B) 1,02,87,37,436

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0 3516
Q:

In economics,"capital" refers to

A) mineral resources B) the money in one's pocket
C) consumer goods D) buildings and equipment
 
Answer & Explanation Answer: D) buildings and equipment

Explanation:

Capital refers to buildings and equipment i.e, goods which are used by workers to produce other goods such as machinery, land, ...

Capital has a number of related meanings in economics, finance, and accounting.

In economics, Capital comprises one of the four major factors of production, the others being land, labor, and entrepreneurship.

In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business.

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5 3502
Q:

Census of population in India is done after

A) 2 years B) 5 years
C) 7 years D) 10 years
 
Answer & Explanation Answer: D) 10 years

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1 3493
Q:

Which one of the following states/UTs of the country has more than 50% tribal population of the total population

A) Andaman and Nicobar Islands B) Dadra and Nagar Haveli
C) Himachal Pradesh D) Puducherry
 
Answer & Explanation Answer: B) Dadra and Nagar Haveli

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1 3464
Q:

GST Council has decided to keep a total of ________ items in the 28% slab, which was earlier 227.

A) 125 B) 87
C) 100 D) 50
 
Answer & Explanation Answer: D) 50

Explanation:

The GST Council on Nov 10th 2017 cut tax rates of over 175 products that were in the highest tax slab of 28% under the Goods and Services Tax (GST) regime.  

Currently only 50 items have been left in the 28% category out of a total of 227 items that were present earlier.

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8 3454
Q:

Which one among the following is a 'Ht Spot' for biological diversity in India

A) Western Ghat B) Sundarban
C) Chilka Lagoon D) Eastern Ghat
 
Answer & Explanation Answer: B) Sundarban

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1 3454
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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