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 Indian Economy Questions

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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 7436
Q:

Which of the following schemes was launched to promote basic education in India and attract children in school going age to attend the classes

A) Pulse Polio Abhiyan B) Operation Flood
C) Mid Day Meal scheme D) None of these
 
Answer & Explanation Answer: C) Mid Day Meal scheme

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4 7024
Q:

Who among the following presented union budget maximum number of times ?

A) P. Chidambaram B) Pranab Mukerji
C) R.V. Shanmukham chetty D) Morarji Desai
 
Answer & Explanation Answer: D) Morarji Desai

Explanation:

Morarji Desai, the former finance , prime minister had presented the Union budget for 10 times.

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Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

19 7007
Q:

Major coalfields of India are located in the river valley of

A) Damodar B) Godavari
C) Mahanadi D) Wardha
 
Answer & Explanation Answer: A) Damodar

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4 6970
Q:

Which one of the following is a development expenditure

A) Irrigation expenditure B) Civil administration
C) Debt services D) Grant in Aid
 
Answer & Explanation Answer: A) Irrigation expenditure

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5 6946
Q:

The Government has renamed NREGA schme and the name associated with the scheme is that of

A) Rajeev Gandhi B) Indira Gandhi
C) Mahatma Gandhi D) Jawaharlal Nehru
 
Answer & Explanation Answer: C) Mahatma Gandhi

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10 6934
Q:

Which one of the following can be called as a part of the Service Sector

A) Textile Mills B) Banking
C) Coal mines D) Agriculture
 
Answer & Explanation Answer: B) Banking

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5 6786
Q:

The Largest Component of National Income is

A) Proprietors Income B) Compensation of Employees
C) Corporate Profits D) Rental Income
 
Answer & Explanation Answer: B) Compensation of Employees

Explanation:

National Income is the total income value of the goods and services produced by the residents of a country, usually during the period of one year.

National Income is categorized into 6 components. They are :

1. Compensation of Employees (Wages and Benefits)
2. Corporate Profits
3. Rental Income
4. Proprietors Income (Income of unincorporated business)
5. Net Interest

The Largest Component of National Income is Compensation of Employees.

 

The Largest component of National Income in India is Service Sector.

 

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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