2
Q:

Which of the following should always be balanced in the foreign trade of India?

 

 

A) Balance of Trade B) Balance of Paymen
C) Balance of Current Account D) No option is correct

Answer:   B) Balance of Paymen



Explanation:
Subject: Indian Economy
Exam Prep: Bank Exams
Q:

Per Capita Income is Obtained by dividing National Income by

A) Total population of the country B) Total working population
C) Area of the country D) Volume of the capital used
 
Answer & Explanation Answer: A) Total population of the country

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7 10966
Q:

GDP at factor cost is

A) GDP minus indirect taxes plus subsidies B) GNP minus depreciation allowances
C) NNP plus depreciation allowances D) GDP minus subsidies plus indirect taxes
 
Answer & Explanation Answer: A) GDP minus indirect taxes plus subsidies

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3 6358
Q:

Who coined the term 'Hindu rate of growth' for Indian economy

A) A.K.Sen B) Kirit S.Parikh
C) Raj Krishna D) Montek Singh Ahluwalia
 
Answer & Explanation Answer: C) Raj Krishna

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33 17251
Q:

In India, Agriculture income is calculated by

A) Output method B) Input method
C) Expenditure method D) Commodity flow method
 
Answer & Explanation Answer: A) Output method

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97 33721
Q:

Which is not include in the private income arising in a country

A) Factor income from net domestic product B) Net factor income from abroad
C) Current transfers from Government D) Current Payment on foreign loans
 
Answer & Explanation Answer: D) Current Payment on foreign loans

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6 7560
Q:

When development in economy takes place, the share of tertiary sector in National Income

A) first falls and the rises B) first rises and then falls
C) keeps on increasing D) remains constant
 
Answer & Explanation Answer: C) keeps on increasing

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4 7377
Q:

Which sector of Indian Economy has shown remarkable expansion during the last decade

A) Primary Sector B) Secondary Sector
C) Tertiary Sector D) Mining Sector
 
Answer & Explanation Answer: C) Tertiary Sector

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5 9038
Q:

The 'Dual Economy' is a mixture of

A) traditional agriculture sector and modern industrial sector B) industrial sector and manufacturing sector
C) state ownership sector and trading of goods obtained through imports D) none of these
 
Answer & Explanation Answer: A) traditional agriculture sector and modern industrial sector

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12 13196