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Aspects of Indian Economy

Description: Selected Aspects of Indian Economy
Number of Questions: 20
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All but one of the following statements are incorrect. Find the correct statement.

  1. Balance of payments is a narrow concepts than balance of trade

  2. India is facing severe foreign exchange reserves crunch

  3. Devaluation is panacea for BOP problem

  4. The RBI is the lender of last resort for Indian public sector banks


Correct Option: D

The difference between GNP and NNP equals

  1. consumer expenditure on durable goods

  2. indirect business taxes

  3. a statistical discrepancy

  4. depreciation


Correct Option: D

A situation of employment in which a person is apparently employed but his contribution to the production is almost nil, is called

  1. structural

  2. chronic

  3. disguised

  4. cyclical


Correct Option: C

_____ concept of Budget deficit has become practically redundant in India.

  1. Fiscal deficit

  2. Budgetary deficit

  3. Primary deficit

  4. Revenue deficit


Correct Option: B

Suppose India's GNP increased at an annual average of 6.6% during the tenth plan, presuming that the growth rate of population is 2 per annum; per capita income would increase at an annual average rate of

  1. 3.3%

  2. 4.6%

  3. 6.6%

  4. 2%


Correct Option: B

The birth rate in India is high because of

  1. predominance of agriculture

  2. slow urbanisation

  3. high incidence of poverty

  4. all of the above


Correct Option: D

GNP at market price minus _____ is equal to GDP at market price.

  1. Depreciation

  2. Direct taxes

  3. Subsidies

  4. Net income from abroad


Correct Option: D

Population explosion occurs in _____ stage of the theory of demographic transition.

  1. first

  2. second

  3. third

  4. fourth


Correct Option: B

Over the years, the birth rate in India has

  1. fallen, fallen

  2. risen, fallen

  3. risen, risen

  4. fallen, risen


Correct Option: A

In which state or union territory is the literacy rate the highest in the country?

  1. Delhi

  2. Chandigarh

  3. Karnataka

  4. Kerala


Correct Option: D

Every ____ person in the world is an Indian.

  1. second

  2. third

  3. sixth

  4. tenth


Correct Option: C

India is passing through _____ stage of demographic transition.

  1. fourth

  2. third

  3. first

  4. second


Correct Option: D

The theory of demographic transition was proposed by

  1. Dalton

  2. Robbins

  3. Coale & Hoover

  4. None of these


Correct Option: C

Which of the following is a form of long term unemployment in a country?

  1. Structural unemployment

  2. Technological unemployment

  3. Chronic unemployment

  4. Cyclical unemployment


Correct Option: C

If borrowing and other liabilities are added to the budget deficit we get

  1. revenue deficit

  2. capital deficit

  3. primary deficit

  4. fiscal deficit


Correct Option: D

Disguised unemployment is observed in

  1. industrial sector

  2. agricultural sector

  3. manufacturing sector

  4. insurance sector


Correct Option: B

Poverty line may be defined w.r.t

  1. monthly calorie consumption

  2. daily calorie consumption

  3. weekly calorie consumption

  4. yearly calorie consumption


Correct Option: B

The lowest estimate of unemployment is given by

  1. current daily status

  2. current weekly status

  3. usual status

  4. nothing definite can be said


Correct Option: C

Net domestic expenditure is consumption expenditure plus

  1. net foreign investment

  2. net foreign investment plus net domestic investment

  3. net domestic investment

  4. replacement expenditure


Correct Option: C

The scheme for providing food security to senior citizens was through

  1. Food for Work Programme

  2. Indira Awas Yojana

  3. Annapurna

  4. None of these


Correct Option: C
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