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  • Question
  • Which one of the following statements is correct with respect to the composition of national income in India?


  • Options
  • A. The share of manufacturing sector has declined
  • B. The share of services sector has increased sharply.
  • C. The share of agriculture has remained static.
  • D. The share of services sector has declined.

  • Correct Answer
  • The share of services sector has increased sharply. 

    Explanation

    The growth scenario in India shows that the services sector has become the most dominant in the later part of its growth process. The share of services sector in GDP increased from 28.5 per cent in 1950-51 to 39.6 per cent in 1990-91 and then to 52.6 per cent in 2014-15 while the share of primary sector declined from 56.4 per cent in 1950-51 to 33.4 per cent in 1990-91 and then to only 19.0 per cent in 2014-15.

  • Tags: Bank Exams

    Basic General Knowledge problems


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    • 1. Which one of the following is notan Air Defence Missile system?

    • Options
    • A. Akash
    • B. Trishul
    • C. Tatra
    • D. Astra
    • Discuss
    • 2. Which one of the following statements is correct?

    • Options
    • A. The rank of Second Lieutenant has been abolished.
    • B. The Chief of Army Staff carries the rank of Field Marshal.
    • C. All officers posted to Andaman and Nicobar Islands wear the ranks of the Indian Navy.
    • D. The rank of Major General is higher than the rank of Lieutenant General.
    • Discuss
    • 3. Which one of the following is not one of the Commands of the Indian Army?

    • Options
    • A. South Western Command
    • B. North Eastern Command
    • C. Central Command
    • D. Army Training Command (ARTRAC)
    • Discuss
    • 4. Which one of the following is correct?

    • Options
    • A. Infantry Regiment is also known as the Mechanized Infantry Regiment.
    • B. Corps of Electrical and Mechanical Engineers is subsumed in the corps of Engineers.
    • C. Army Medical Corps and ArmyDental Corps are two divisions of the Army Service Corps.
    • D. Army has its own Corps of Air Defence.
    • Discuss
    • 5. Jammu and Kashmir Rifles is

    • Options
    • A. an infantry regiment of the Indian Army
    • B. a battalion of the Rashtriya Rifles
    • C. the name of the Armed Police of the State of Jammu and Kashmir
    • D. a paramilitary force under the Ministry of Home Affairs
    • Discuss
    • 6. In India, the term ?hot money? is used to refer to

    • Options
    • A. Currency + Reserves with the RBI
    • B. Net G D R
    • C. Net Foreign Direct Investment
    • D. Foreign Portfolio Investment
    • Discuss
    • 7. Which of the following is/ are credit rating agency/agencies in India?

    • Options
    • A. CRISIL
    • B. CARE
    • C. ICRA
    • D. All of the above
    • Discuss
    • 8. Who among the following is the Chairman of the Fourteenth Finance Commission?

    • Options
    • A. C. Rangarajan
    • B. Vijay Kelkar
    • C. Y. V. Reddy
    • D. Rakesh Mohan
    • Discuss
    • 9. The members of NAFTA are

    • Options
    • A. USA, Canada and Mexico
    • B. USA, Canada and India
    • C. USA, Canada and Japan
    • D. USA, UK and India
    • Discuss
    • 10. The Sixth Schedule of the Constitution of India pertains to the administration of tribal areas in which of the following States?

    • Options
    • A. Assam, Meghalaya, Tripura and Mizoram
    • B. Meghalaya, Tripura, Manipur and Mizoram
    • C. Assam, Manipur, Meghalaya and Tripura
    • D. Manipur, Meghalaya, Tripura and Arunachal Pradesh
    • Discuss


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