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 Indian Economy Questions

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Q:

Which of the following statements about GDP is correct?

A) Nominal GDP values production at constant prices, whereas real GDP values production at current prices. B) Nominal GDP values production at market prices, whereas real GDP values production at the cost of the resources used in the production process.
C) Nominal GDP consistently underestimates the value of production, whereas real GDP consistently overestimates the value of production. D) Nominal GDP values production at current prices, whereas real GDP values production at constant prices.
 
Answer & Explanation Answer: D) Nominal GDP values production at current prices, whereas real GDP values production at constant prices.

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3 3022
Q:

According to the Census 2001, the density of population in India(per square km) is

A) 304 B) 324
C) 344 D) 364
 
Answer & Explanation Answer: B) 324

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0 3002
Q:

Which of the following indexes is developed to measure life expectancy, level of literacy, education and standard of living of people in a country?

A) Inflation B) Sensex
C) SLR D) Human Development Index (HDI)
 
Answer & Explanation Answer: D) Human Development Index (HDI)

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2 2964
Q:

In India, the Community Development Programme was started on

A) October 2, 1952 B) October 2, 1957
C) October 2, 1959 D) October 2, 1961
 
Answer & Explanation Answer: A) October 2, 1952

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5 2941
Q:

As per the Census of 2001, the least urbanised State of India is

A) Arunachal Pradesh B) Assam
C) Himachal Pradesh D) Uttar Pradesh
 
Answer & Explanation Answer: C) Himachal Pradesh

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1 2928
Q:

According to Nomura's Report, India’s GDP growth rate is expected to be around _________ in the financial year 2017-18.

A) 7.6% B) 7.3%
C) 7.8% D) 7.1%
 
Answer & Explanation Answer: D) 7.1%

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7 2924
Q:

Which of the following is a programme under which electric connection is given to people  below poverty line

A) MPLADS B) Kutir Jyoti
C) Ganga Kalyan Yojana D) Sangam Yojana
 
Answer & Explanation Answer: B) Kutir Jyoti

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1 2902
Q:

A rise in general level of prices may be caused by

A) an increase in the money supply B) an increase in the effective demand
C) a decrease in the aggregate level of output D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

All the three statements lead to either increase in demand of goods and services or decrease in the supply. This leads to increase in general level of prices.

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