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 Indian Economy Questions

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Q:

One of the problems in finding out National Income in India is

A) Non-monetary consumption B) Tax evasion
C) Inflation D) Conspicuous consumption
 
Answer & Explanation Answer: A) Non-monetary consumption

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32 4931
Q:

Which of the following is a project to develop watersheds in India

A) DRDO B) CARE
C) AVARD D) NWDPRA
 
Answer & Explanation Answer: D) NWDPRA

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5 4912
Q:

Economics deals primarily with the concept of

A) Poverty B) Money
C) Scarcity D) Banking
 
Answer & Explanation Answer: C) Scarcity

Explanation:

Economics_deals_primarily_with_the_concept_of1557729122.png image

 

Economics deals primarily with the concept of Scarcity and choice. Scarcity is the limited availability of a commodity, which may be in demand in the market. Scarcity also includes an individual's lack of resources to buy commodities.

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3 4873
Q:

Under which plan did the Government Introduce an agricultural strategy which gave rise to Green Rrevolution

A) Second five year plan B) Third five year plan
C) Fourth five year plan D) Sixth five year plan
 
Answer & Explanation Answer: B) Third five year plan

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Q:

The Tehri Hydro Power Complex is located in the State of

A) Uttarakhand B) Uttar Pradesh
C) Himachal Pradesh D) Sikkim
 
Answer & Explanation Answer: A) Uttarakhand

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2 4789
Q:

Which one among the following states has the highest density of population

A) Bihar B) Kerala
C) Punjab D) Uttar Pradesh
 
Answer & Explanation Answer: A) Bihar

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1 4776
Q:

What is the India’s GDP growth predict for Financial Year 2017-18, according to the Economic Survey of India (ESI) 2016-17 ?

A) 6.25 % to 7.5% B) 6.55 % to 7.25%
C) 6.55 % to 7.5% D) 6.75 % to 7.5%
 
Answer & Explanation Answer: D) 6.75 % to 7.5%

Explanation:

The Economic Survey for 2016-17, which is recently tabled by Finance Minister Arun Jaitley in Parliament, has expected India’s GDP growth estimation to be in 6.75 % to 7.5% for Financial Year 2017-18.

 

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13 4676
Q:

The second Five Year plan was based on

A) Mahalanobis Model B) Vakil and Brahmananda's Wage -Goods Model
C) Harrod - Domar Growth Model D) Solow Growth Model
 
Answer & Explanation Answer: A) Mahalanobis Model

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