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INDIAN ECONOMY MCQs

Total Questions : 817 | Page 7 of 82 pages
Question 61.

In India, agricultural income is calculated by?

  1.    Output method
  2.    Input method
  3.    Expenditure method
  4.    Commodity flow method
  5.    None of these
 Discuss Question
Answer: Option A. -> Output method
Question 62.

Who coined the term “Hindu rate of growth” for Indian Economy?

  1.    A.K. Sen
  2.    Kriti S. Parikh
  3.    Raj Krishna
  4.    Monetak Singh Ahluwalia
  5.    None of these
 Discuss Question
Answer: Option C. -> Raj Krishna
Question 63.

GDP at factor cost is?

  1.    GDP Minus indirect taxes plus subsidies
  2.    GNP minus depreciation allowance
  3.    NNP plus depreciation allowance
  4.    GDP Minus subsidies plus indirect taxes
  5.    None of these
 Discuss Question
Answer: Option A. -> GDP Minus indirect taxes plus subsidies
Question 64.

Per Capita Income is obtained by dividing National Income by?

  1.    Total population of the country
  2.    Total working population
  3.    Area of the country
  4.    Volume of the capital used
  5.    None of these
 Discuss Question
Answer: Option A. -> Total population of the country
Question 65.

Which one of the following is a development expenditure?

  1.    Irrigation expenditure
  2.    Civil administration
  3.    Debt services
  4.    Grant-in-Aid
  5.    None of these
 Discuss Question
Answer: Option A. -> Irrigation expenditure
Question 66.

Gross Domestic Product (GDP) is defined as the value of all?

  1.    goods produced in an economy in a year
  2.    goods and services in an economy in a year
  3.    Final goods produced in economy in a year
  4.    Final goods and services produced in an economy in a year
  5.    None of these
 Discuss Question
Answer: Option D. -> Final goods and services produced in an economy in a year
Question 67.

Net National Product (NNP) of a country is?

  1.    GDP minus depreciation allowances
  2.    GDP plus net income from abroad
  3.    GNP minus net income from abroad
  4.    GNP minus depreciation allowances
  5.    None of these
 Discuss Question
Answer: Option D. -> GNP minus depreciation allowances
Question 68.

Which sectors of Indian Economy contributes largest to the Gross National Product?

  1.    Primary Sector
  2.    Secondary Sector
  3.    Tertiary Sector
  4.    Public Sector
  5.    None of these
 Discuss Question
Answer: Option C. -> Tertiary Sector
Question 69.

National Income estimates in India are prepared by?

  1.    Planning Commission
  2.    Reserve Bank of India
  3.    Central Statistical Organisation
  4.    Indian Statistical Institute
  5.    None of these
 Discuss Question
Answer: Option C. -> Central Statistical Organisation
Question 70.

Per Capita Income of a country derived from?

  1.    National Income
  2.    Population
  3.    National Income and Population both
  4.    GNP
  5.    None of these
 Discuss Question
Answer: Option C. -> National Income and Population both

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