Indian Economy Questions

Q:

Which of the following is a microeconomic statement? 

A) The price of personal computers declined last year. B) Unemployment was 6.8 percent of the labor force last year.
C) The real domestic output increased by 2.5 percent last year. D) The general price level increased by 4 percent last year.
 
Answer & Explanation Answer: A) The price of personal computers declined last year.

Explanation:
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Q:

The percentage of Urban population to total population in India is 

A) 20.28 B) 22.52
C) 25.72 D) 27.80
 
Answer & Explanation Answer: D) 27.80

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Q:

Which one of the following is the highest gravity dam

A) Beas Dam B) Nangal Dam
C) Bhakra Dam D) Hirakud Dam
 
Answer & Explanation Answer: C) Bhakra Dam

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Q:

In India, population density is defined as the number of persons

A) Per square mile B) Per square kilometre
C) Per lakh square mile D) Per lakh square kilometre
 
Answer & Explanation Answer: B) Per square kilometre

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Q:

As per 2001 Census which one of the following is NOT a megacity of India

A) Ahmedabad B) Chennai
C) Bangaluru D) Ranchi
 
Answer & Explanation Answer: D) Ranchi

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Q:

In the expansion phase of a business cycle

A) economy moves from peak to trough B) economy moves from contraction to peak
C) economy moves from trough to peak D) economy moves from trough to trough
 
Answer & Explanation Answer: C) economy moves from trough to peak

Explanation:

Business cycles are identified as having four distinct phases:

1. Expansion,

2. Peak,

3. Contraction, and

4. Trough.

Expansion is the phase of the business cycle when the economy moves from a trough to a peak. It is a period when the level of business activity surges and gross domestic product (GDP) expands until it reaches a peak. A period of expansion is also known as an economic recovery.

An expansion is characterized by increasing employment, economic growth, and upward pressure on prices.

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Q:

Which of the following programmes was launched in 2005-06 for creating infrastucture and basic amenities in rural parts of our Country

A) Janani Surksha Yojana B) Sarva Siksha Abhiyan
C) Swarnajayanti Shahari Rozagar Yojana D) Bharat Nirman Programme
 
Answer & Explanation Answer: D) Bharat Nirman Programme

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Q:

The Budget proposals also seek to provide relief to salaried tax payers by allowing a standard deduction of what amount in place of the present exemption allowed for transport allowance and reimbursement of miscellaneous medical expenses?

A) Rs. 20,000 B) Rs. 40,000
C) Rs. 50,000 D) Rs. 80,000
 
Answer & Explanation Answer: B) Rs. 40,000

Explanation:

The standard deduction of Rs. 40,000 is seek to provide relief to salaried tax payers in the Budget proposals in place of the present exemption allowed for transport allowance and reimbursement of miscellaneous medical expenses.

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