• Economic Indicators
Back
0

Economic Indicators

Description: Economic Indicators (E)
Number of Questions: 15
Created by:
Tags: Economic Indicators (E) Indian Economy Economic History of India National Income EPFO
Start the Quiz
Attempted 0/15 Correct 0 Score 0
‹
›

Which of the following is the best measure of economic development?

  1. Size of exports

  2. Employment

  3. National income

  4. Rural consumption

Show answer
Correct Option: C
Explanation:

Option (3) is the correct answer.

Which among the following factors creates obstacles in measuring the correct estimate of national income?

  1. Inflation

  2. Existence of non-monetised sector

  3. Under employment

  4. Low rate of savings

Show answer
Correct Option: B
Explanation:

Existence of non-monetised sector creates obstacles in measuring the correct estimate of national income.

What was the approximate contribution of the manufacturing sector to India's GDP in 2011-12?

  1. 15%

  2. 20%

  3. 25%

  4. 28%

Show answer
Correct Option: A
Explanation:

At present India’s manufacturing sector contributes about 16% to the total GDP. National Manufacturing Policy (NMP) seeks to enhance the share of manufacturing in the GDP to 25 percent within a decade and create 100 million jobs in manufacturing.

Which of the following methods is/are used to measure national income in India?

  1. Production method

  2. Income method

  3. Consumption method

  4. Both (1) and (2)

Show answer
Correct Option: D
Explanation:

In India, a combination of production method and income method is used for estimating the national income.

National income on current prices is higher than that at constant prices because

  1. price increase is lower than increase in production

  2. price increase is equal to increase in production

  3. price increase is higher than increase in production

  4. of inflationary effect

Show answer
Correct Option: C
Explanation:

National income on current prices is higher than that at constant prices because price increase is higher than increase in production.

Which of the following do(es) not come under the tertiary sector?

  1. Banking

  2. Transport

  3. Construction

  4. Community and Personal Services

Show answer
Correct Option: C
Explanation:

National income includes the contribution of three sectors of the economy:

Primary sector (Agriculture, Forest, Fisheries, Mining)

Secondary sector (Industries - Manufacturing and Construction) Tertiary sector (Trade, Transport, Communications, Banking, Insurance, Real Estate, Community and Personal Services)

Lack of money supply as compared to supply of goods and services causes

  1. inflation

  2. deflation

  3. devaluation

  4. None of these

Show answer
Correct Option: B
Explanation:

   

Which of the following are the reasons for slow growth of per capita income in India?

  1. High capital-output ratio
  2. High growth of population
  3. Low capital formation
  4. High level of fiscal deficits

  1. Only 2, 3 and 4

  2. Only 1, 2 and 3

  3. Only 2 and 3

  4. All 1, 2, 3 and 4

Show answer
Correct Option: B

What is the poverty rate in India as per the Tendulkar Commmittee report?

  1. 25.4%

  2. 28.6%

  3. 37.2%

  4. 41.3%

Show answer
Correct Option: C

In India, the first attempt to estimate the national income was made by

  1. C. Rajagopalachari

  2. Dadabhai Naoroji

  3. Madan Mohan Malviya

  4. Gopal Krishna Gokhale

Show answer
Correct Option: B
Explanation:

No specific attempts were made for estimating national income in India during the pre-independence era. In 1868, the first attempt was made by Dadabhai Naoroji. He, in his book ‘Poverty and Un-British Rule in India’, estimated Indian per capita annual income at a level of Rs. 20.

Which of the following statements is incorrect?

  1. National income is a flow, not a stock.

  2. National income measures only the net value of goods and services produced in a country during a year; not the net earned foreign income.

  3. In India, national income estimates are related with the financial year (April 1 to March 31).

  4. In India, Central Statistical Organisation (CSO) regularly publishes national income data.

Show answer
Correct Option: B
Explanation:

National income measures the net value of goods and services produced in a country during a year and it also includes net earned foreign income.

National income estimates in India are prepared by

  1. CSO

  2. Planning Commission

  3. Finance Ministry

  4. NDC

Show answer
Correct Option: A
Explanation:

Option (1) is the correct answer.

The standard of living in a country is represented by its

  1. per capita income

  2. national income

  3. poverty ratio

  4. None of these

Show answer
Correct Option: A
Explanation:

Option (1) is the correct answer.

The national income of a country can be estimated by using

  1. expenditure method

  2. income method

  3. value–added method

  4. All of the above

Show answer
Correct Option: D
Explanation:

Correct answer is (4).

The proportion of labour in GNP becomes low since

  1. profits lag behind work

  2. prices lag behind wages

  3. prices lag behind costs

  4. wages lag behind prices

Show answer
Correct Option: D
Explanation:

Correct answer is (4).

- Hide questions
ADVERTISEMENT

Find more quizzes from top tags

general knowledge
3615 Quizzes
119858 Questions
 technology
307 Quizzes
36705 Questions
 sports
963 Quizzes
19148 Questions
 history
1187 Quizzes
13475 Questions
 physics
598 Quizzes
13441 Questions
 biology
1160 Quizzes
12174 Questions
 science & technology
551 Quizzes
11015 Questions
 chemistry
490 Quizzes
9892 Questions
 maths
518 Quizzes
9324 Questions
 softskills
0 Quizzes
7131 Questions