MCQs
Total Questions : 150
| Page 11 of 15 pages
Answer: Option B. -> service sector
Answer: (b)
The service sector is one of the three economic sectors. it includes:
telecommunication,
hospitality industry/tourism,
mass media,
healthcare/hospitals,
information technology,
banking,
insurance,
investment management,
accountancy,
legal services,
consulting,
retail sales,
real estate, and
education.
The maximum contribution to national income comes from the service sector which contributes more than 50%.
Answer: (b)
The service sector is one of the three economic sectors. it includes:
telecommunication,
hospitality industry/tourism,
mass media,
healthcare/hospitals,
information technology,
banking,
insurance,
investment management,
accountancy,
legal services,
consulting,
retail sales,
real estate, and
education.
The maximum contribution to national income comes from the service sector which contributes more than 50%.
Answer: Option D. -> 10 indicators
Answer: (d)
Answer: (d)
Answer: Option B. -> Only 1
Answer: (b)
Typically, higher inflation is caused by strong economic growth. If Aggregate demand in an economy expanded faster than aggregate supply, we would expect to see a higher inflation rate.
If demand is rising faster than supply, then this suggests that economic growth is higher than the long-run sustainable rate of growth.
Answer: (b)
Typically, higher inflation is caused by strong economic growth. If Aggregate demand in an economy expanded faster than aggregate supply, we would expect to see a higher inflation rate.
If demand is rising faster than supply, then this suggests that economic growth is higher than the long-run sustainable rate of growth.
Answer: Option D. -> None
Answer: (d)Both the statements are correct.
Answer: (d)Both the statements are correct.
Question 105. In India, rural incomes are generally lower than the urban incomes. Which of the following reasons account for this?
- A large no. of farmers are illiterate and know little about scientific-agriculture.
- Prices of primary products are lower than those of manufactured products.
- Investment in agriculture has been lower when compared to investment in industry:
Answer: Option C. -> 1, 2 and 3
Answer: (c)
In India, a large no. of farmers are illiterate and know little about scientific agriculture. Prices of primary products are lower than those of manufactured products and investment in agriculture has been lower when compared to investment in the industry.
All these reasons are responsible for lower rural income.
Answer: (c)
In India, a large no. of farmers are illiterate and know little about scientific agriculture. Prices of primary products are lower than those of manufactured products and investment in agriculture has been lower when compared to investment in the industry.
All these reasons are responsible for lower rural income.
Answer: Option D. -> Food Processing
Answer: (d)Agriculture (crops) and allied sectors are like forestry, logging and fishing. Food processing is not included in the Agriculture and allied services of Indian Economy.
Answer: (d)Agriculture (crops) and allied sectors are like forestry, logging and fishing. Food processing is not included in the Agriculture and allied services of Indian Economy.
Answer: Option B. -> All financial determinations are taken based mostly on the demand and provide forces
Answer: (b)
Market-based economic climate refers back to the financial system the place all financial judgements are taken based mostly on the demand and provide circumstances prevailing out there.
Government has minimal interference in financial actions. Private gamers are free to supply the items and expertise based mostly on the demand and provides alerts out.
Answer: (b)
Market-based economic climate refers back to the financial system the place all financial judgements are taken based mostly on the demand and provide circumstances prevailing out there.
Government has minimal interference in financial actions. Private gamers are free to supply the items and expertise based mostly on the demand and provides alerts out.
Answer: Option A. -> 1997
Answer: (a)
Answer: (a)
Answer: Option A. -> The share of service sector in India’s GDP is only 25%
Answer: (a)
Answer: (a)
Answer: Option A. -> 85 and 25
Answer: (a)
Answer: (a)
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