0

Indian Economic Development

Description: Indian Economy � A profile 2
Number of Questions: 15
Created by:
Tags: Indian Economy � A profile 2 Indian Economic Development
Attempted 0/15 Correct 0 Score 0

Manufacturing industries are a part of

  1. primary sector

  2. secondary sector

  3. tertiary sector

  4. none of the above


Correct Option: B

Which of the following statements is correct?

  1. The demand and supply of fuel are almost equal.

  2. Our import bill on account of oil has been decreasing since 1990.

  3. Oil price have been falling since 1973.

  4. Transmission and distribution losses of power companies are very high.


Correct Option: D

NDP is GDP minus

  1. depreciation

  2. indirect taxes

  3. subsidies

  4. NNP


Correct Option: A

Which among the following is a direct tax?

  1. Personal income tax

  2. Excise duty

  3. Sales tax

  4. Service tax


Correct Option: A

Sick industries are mostly

  1. small units

  2. large units

  3. medium units

  4. all of the above


Correct Option: A

The majority of central government enterprises belong to

  1. Public Corporations

  2. Public Limited Companies

  3. Private Limited Companies

  4. Departmental Organisations


Correct Option: B

When the consumer is in equilibrium, his price line is ______ to indifference curve.

  1. perpendicular

  2. tangent

  3. parallel

  4. diagonally opposite


Correct Option: B

Occupational structure refers to

  1. no. of workers living in a country

  2. size of working population in industrial sector

  3. distribution of working population among different occupations

  4. nature of different occupations in the economy


Correct Option: C

CENVAT stands for

  1. Common Entity Value Added Tax

  2. Corporate Entities Value Added Tax

  3. Central Value Added tax

  4. None of the above


Correct Option: C

RRBs try to provide credit to

  1. rural people

  2. weaker sections of society

  3. weaker sections of rural sector

  4. none of these


Correct Option: C

The main objective of fiscal policy is

  1. Promoting economic growth
  2. Mobilising resources for economic growth
  3. Ensuring economic growth and distribution
  4. Increasing employability opportunities
  1. only 1 and 2 are correct

  2. only 2 and 3 are correct

  3. only 1, 3, 4 are correct

  4. all are correct


Correct Option: D

Mark the correct statement:

  1. India is a purely capitalist economy.

  2. India is a stagnant economy.

  3. India is a developing economy.

  4. India is a resource-poor economy.


Correct Option: C

Which of the following is not, by definition, equal to national income?

  1. National product

  2. National expenditure

  3. National output

  4. National wealth


Correct Option: D

Net National Income at market prices is equal to

  1. Gross National Income at market prices minus depreciation

  2. Net Domestic product at factor price plus or minus earnings from abroad

  3. Gross Domestic product minus indirect taxes and subsidies

  4. Gross National Product


Correct Option: A

India has a mixed economy because

  1. agriculture and industry have both simultaneously developed in India

  2. agriculture and industry have both developed in the public sector

  3. private ownership and public ownership over means of production co-exist

  4. any of the above


Correct Option: C
- Hide questions