Indian Economy Questions and Answers

  • 1. Which of the following policies of the financial sectors is basically designed to transfer local financial assets into foreign financial assets freely and at market determined exchange rates?
   A.) Capital Account Convertibility
   B.) Financial Deficit Management
   C.) Mimimum Support Price
   D.) Restrictive Trade Practices

Answer: Option 'A'

Capital Account Convertibility

  • 2. In India, Agriculture income is calculated by
   A.) Output method
   B.) Input method
   C.) Expenditure method
   D.) Commodity flow method

Answer: Option 'A'

Output method

  • 3. Where was electricity supply first introduced in India
   A.) Darjeeling
   B.) Mumbai
   C.) Kolkata
   D.) Chennai

Answer: Option 'A'

Darjeeling

  • 4. The Standard of living in a country is represented by its
   A.) National Income
   B.) Per Capita Income
   C.) Unemployment Rate
   D.) Poverty Ratio

Answer: Option 'B'

Per Capita Income

  • 5. The minimum forest cover to maintain ecological balance in the plains is
   A.) 40%
   B.) 50%
   C.) 33%
   D.) 25%

Answer: Option 'C'

33%

  • 6. Who had estimate National Income in India first
   A.) V.K.R.V.Rao
   B.) D.R.Gadgil
   C.) R.C. Dutt
   D.) Dadabhai Naoroji

Answer: Option 'D'

Dadabhai Naoroji

  • 7. Which kind of power accounts for the largest share of power generation in India
   A.) Hydro - electricity
   B.) Thermal
   C.) Nuclear
   D.) Solar

Answer: Option 'B'

Thermal

  • 8. National Income estimates in India are prepared by
   A.) Planning Commission
   B.) Reserve Bank of India
   C.) Central statistical organisation
   D.) Indian statistical Institute

Answer: Option 'C'

Central statistical organisation

  • 9. The main source of National Income in India is
   A.) Service Sector
   B.) Agriculture
   C.) Industrial Sector
   D.) Trade Sector

Answer: Option 'A'

Service Sector

  • 10. Who coined the term 'Hindu rate of growth' for Indian economy
   A.) Raj Krishna
   B.) A.K.Sen
   C.) Kirit S.Parikh
   D.) Montek Singh Ahluwalia

Answer: Option 'A'

Raj Krishna