Indian Economy problems
- 1. Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves
- interest payments
- subsidies
- defence
- irrigation
Options- A. I, II
- B. I
- C. I, II, III
- D. II, III, IV Discuss
Correct Answer: I, II, III
- 2. Devaluation of currency will be more beneficial if
Options- A. prices of domestic goods remain constant
- B. prices of exports remain constant
- C. prices of imports remains constant
- D. prices of exports rise proportionately Discuss
Correct Answer: prices of exports remain constant
- 3. In India, inflation measured by the
Options- A. Wholesale Price Index number
- B. Consumers Price Index for urban non-manual workers
- C. Consumers Price Index for agricultural workers
- D. National Income Deflation Discuss
Correct Answer: Wholesale Price Index number
Explanation:
Two major measures for inflation, which are widely used, are Wholesale Price Index (WPI) and Consumer Price Index (CPI). WPI measures the increase in the prices of a fixed basket of goods prevailing in the wholesale market while CPI measures the increase in the prices of essential commodities purchased by an average consumer prevailing in the retail market. Measured weekly, WPI is the primary inflation measure in India.
- 4. Which of the following is not a part of machinery that settles industrial disputes?
Options- A. Wage Court
- B. Works Committee
- C. Conciliation officers
- D. Board of Conciliation Discuss
Correct Answer: Wage Court
- 5. National Income estimates in India are prepared by
Options- A. Planning Commission
- B. Reserve Bank of India
- C. Central statistical organisation
- D. Indian statistical Institute Discuss
Correct Answer: Central statistical organisation
- 6. Which kind of power accounts for the largest share of power generation in India
Options- A. Hydro - electricity
- B. Thermal
- C. Nuclear
- D. Solar Discuss
Correct Answer: Thermal
- 7. Who had estimate National Income in India first
Options- A. Dadabhai Naoroji
- B. R.C. Dutt
- C. V.K.R.V.Rao
- D. D.R.Gadgil Discuss
Correct Answer: Dadabhai Naoroji
- 8. In India, Agriculture income is calculated by
Options- A. Output method
- B. Input method
- C. Expenditure method
- D. Commodity flow method Discuss
Correct Answer: Output method
- 9. The minimum forest cover to maintain ecological balance in the plains is
Options- A. 25%
- B. 33%
- C. 40%
- D. 50% Discuss
Correct Answer: 33%
- 10. The main source of National Income in India is
Options- A. Service Sector
- B. Agriculture
- C. Industrial Sector
- D. Trade Sector Discuss
Correct Answer: Service Sector
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