Indian Economy problems
- 1. Money spent on government programs is referred to as
Options- A. Revenue
- B. Obligation
- C. Expenditure
- D. Bonding Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: Expenditure
Explanation:
Money spent by the government on government programs such as road work, electricity work, manhole, etc... that are aiming to contribute to the nation's social welfare in long and short term are referred to as Goverment Expenditures.
- 2. Sales commissions are classified as
Options- A. period costs
- B. indirect labor
- C. overhead costs
- D. product costs Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: product costs
- 3. A business owned by one person
Options- A. Sole proprietorship
- B. Non profit
- C. Limited liability
- D. None of the above Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: Sole proprietorship
Explanation:
A business owned by one person and operates for their benefits is called as Sole Proprietorship or sole trader.
- 4. GDP at factor cost is
Options- A. GDP minus indirect taxes plus subsidies
- B. GNP minus depreciation allowances
- C. NNP plus depreciation allowances
- D. GDP minus subsidies plus indirect taxes Discuss
Correct Answer: GDP minus indirect taxes plus subsidies
- 5. Under which plan did the Government Introduce an agricultural strategy which gave rise to Green Rrevolution
Options- A. Second five year plan
- B. Third five year plan
- C. Fourth five year plan
- D. Sixth five year plan Discuss
Correct Answer: Third five year plan
- 6. Which sector of Indian Economy has shown remarkable expansion during the last decade
Options- A. Primary sector
- B. Secondary sector
- C. Terrrtiary sector
- D. Mining sector Discuss
Correct Answer: Terrrtiary sector
- 7. Which of the following is definitelyy a major indication of the state of the economy of the country
Options- A. rate of GDP growth
- B. rate of inflation
- C. number of banks in a country
- D. stock of food grains in a country Discuss
Correct Answer: rate of GDP growth
- 8. Which of the following Schemes was launched to promote basic education in India and attract children in School going age to attend the classes?
Options- A. Pulse Polio Abhiyan
- B. Operation Flood
- C. Mid-Day Meal Schema
- D. Operation Black Board Discuss
Correct Answer: Mid-Day Meal Schema
- 9. Which of the following indexes is developed to measure life expectancy, level of literacy, education and standard of living of people in a country?
Options- A. Inflation
- B. Sensex
- C. SLR
- D. Human Development Index (HDI) Discuss
Correct Answer: Human Development Index (HDI)
- 10. Economic Survey of India is published by
Options- A. Chief Economic Adviser
- B. Finance Ministry
- C. Home Ministry
- D. External Affairs Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
- The Department of Economic Affairs, Finance Ministry of India presents the Economic Survey in the parliament every year, just before the Union Budget.
- It is prepared under the guidance of the Chief Economic Adviser, Finance Ministry.
- It is the ministry's view on the annual economic development of the country.
Correct Answer: Finance Ministry
Explanation:
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