MCQOPTIONS
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MCQOPTIONS
This section includes 2369 Mcqs, each offering curated multiple-choice questions to sharpen your Economics knowledge and support exam preparation. Choose a topic below to get started.
| 851. |
The national income of a nation is |
| A. | Government's annual revenue |
| B. | The sum of productive actions |
| C. | surplus of public sector enterprises |
| D. | exports minus imports |
| Answer» C. surplus of public sector enterprises | |
| 852. |
Such a foreign currency which has a tendency to run away quickly is called- |
| A. | hard currency |
| B. | easy money |
| C. | gold coin |
| D. | hot currency |
| Answer» E. | |
| 853. |
Which one of the following sectors receives the largest share of Gross National Product in India? |
| A. | from agriculture and allied sectors |
| B. | Defense and Public Administration |
| C. | from service area |
| D. | from manufacturing, construction, electricity and gas |
| Answer» D. from manufacturing, construction, electricity and gas | |
| 854. |
Gross domestic product is its currency value - |
| A. | stock of goods and services |
| B. | of all final goods and services produced in a year |
| C. | of goods produced only for the market |
| D. | of goods produced for the market and for their own use |
| Answer» C. of goods produced only for the market | |
| 855. |
The fish caught by Indian fishermen in the international sea (water) is the share of GDP of which of the following? |
| A. | Sri Lanka |
| B. | India and Sri Lanka |
| C. | India |
| D. | India and Indonesia |
| Answer» D. India and Indonesia | |
| 856. |
Which of the following is required to be kept in mind while estimating national income by income method? |
| A. | Export value added and import value subtracted |
| B. | Export value subtracted and import value added |
| C. | Addition of values of both exports and imports |
| D. | Decreasing the value of both exports and imports |
| Answer» B. Export value subtracted and import value added | |
| 857. |
The net national product of a country is |
| A. | Adding depreciation allowance to GDP |
| B. | Adding net income from abroad to GDP |
| C. | Net income abroad minus gross domestic product |
| D. | GDP less depreciation allowance |
| Answer» E. | |
| 858. |
Rising per capita income would indicate a better welfare, if accompanied by - |
| A. | Overall Unchanged Income Distribution |
| B. | Changed income distribution in favor of the rich |
| C. | Changed income distribution in favor of the poor |
| D. | Changed income distribution in favor of industrial workers |
| Answer» D. Changed income distribution in favor of industrial workers | |
| 859. |
Which one of the following sectors contributes the most to the GDP of India? |
| A. | primary sector |
| B. | secondary sector |
| C. | tertiary sector |
| D. | all three equal contributions |
| Answer» D. all three equal contributions | |
| 860. |
Depreciation is equal to - |
| A. | Gross National Product - Net National Product |
| B. | Net National Product - Gross National Product |
| C. | Gross National Product - Personal Income |
| D. | personal income - personal tax |
| Answer» B. Net National Product - Gross National Product | |
| 861. |
The best index of economic development is provided by - |
| A. | by the increase in real income per capita year by year |
| B. | By increasing national income at current prices |
| C. | By increasing the savings ratio |
| D. | by improving the balance of payments position |
| Answer» B. By increasing national income at current prices | |
| 862. |
Which one of the following is the correct decreasing order of contribution of various sectors to the GDP of India? |
| A. | Service - Industry - Agriculture |
| B. | Service - Agriculture - Industry |
| C. | Industry - Service - Agriculture |
| D. | Industry - Agriculture - Service |
| Answer» B. Service - Agriculture - Industry | |
| 863. |
Which statement is correct about the national income of India? |
| A. | Agriculture has a higher percentage share than services |
| B. | The percentage share of industry is higher than that of agriculture |
| C. | Percentage share of services is higher than that of industry |
| D. | Services have a higher percentage share than agriculture and industry combined |
| Answer» E. | |
| 864. |
Which sector has the least contribution to the national income of India? |
| A. | primary sector |
| B. | secondary sector |
| C. | tertiary sector |
| D. | none of these |
| Answer» B. secondary sector | |
| 865. |
The poor save more than the rich |
| A. | a relatively large portion of his income |
| B. | equal share of your income |
| C. | a relatively small portion of his income |
| D. | all your income |
| Answer» D. all your income | |
| 866. |
The most appropriate measure of economic growth of a country is |
| A. | Gross Domestic Product |
| B. | net domestic product |
| C. | net national product |
| D. | product per capita |
| Answer» B. net domestic product | |
| 867. |
To arrive at the per capita income, the national income is divided by - |
| A. | from the total population of the country |
| B. | from total working population |
| C. | by country area |
| D. | as a result of capital used |
| Answer» B. from total working population | |
| 868. |
National Income in India is calculated by which of the following - |
| A. | Planning Commission |
| B. | Finance Ministry |
| C. | Central Statistical Organization |
| D. | Reserve Bank of India |
| Answer» D. Reserve Bank of India | |
| 869. |
At present, on which base year the national income data is being calculated? |
| A. | 1970 - 71 |
| B. | 1980 - 81 |
| C. | 1993 - 94 |
| D. | 2004 - 05 |
| Answer» E. | |
| 870. |
On what basis is the national income calculated in India? |
| A. | based on current prices |
| B. | based on fixed values |
| C. | suitable for both |
| D. | none of these |
| Answer» D. none of these | |
| 871. |
The national income data in India is calculated by- |
| A. | Reserve Bank of India |
| B. | Planning Commission |
| C. | Finance Ministry |
| D. | Central Statistical Organization |
| Answer» E. | |
| 872. |
Which problem is not encountered in the correct computation of national income in India? |
| A. | Lack of adequate and accurate statistical methods |
| B. | abundance of public support |
| C. | non-monetary asymmetry |
| D. | lack of export production |
| Answer» B. abundance of public support | |
| 873. |
Under which series the national income estimates were kept for the post-independence period? |
| A. | Traditional series |
| B. | revised series |
| C. | New series |
| D. | all of which |
| Answer» E. | |
| 874. |
One of the difficulties encountered in the correct calculation of national income in India is – |
| A. | existence of non-monetary sector |
| B. | low rate of savings |
| C. | semi unemployment |
| D. | inflation |
| Answer» B. low rate of savings | |
| 875. |
Who estimated the national income of India before independence? |
| A. | National sample survey |
| B. | By the Central Statistical Organization |
| C. | Naoroji and Shiraz |
| D. | suitable for all |
| Answer» D. suitable for all | |
| 876. |
In 1867-68, the per capita income in India was Rs 20, it was first ascertained by - |
| A. | M . G. Ranade |
| B. | Sir W Hunter |
| C. | R. C . Dutt has |
| D. | Dada Bhai Naoroji |
| Answer» E. | |
| 877. |
The state with the lowest per capita income at current prices in India is |
| A. | A state in Eastern India |
| B. | Odisha |
| C. | Rajasthan |
| D. | Gujarat |
| Answer» B. Odisha | |
| 878. |
When did India set up the National Income Committee to estimate the national income of the country after independence? |
| A. | August 4, 1949 |
| B. | August 4, 1956 |
| C. | August 4, 1961 |
| D. | August 4, 1966 |
| Answer» B. August 4, 1956 | |
| 879. |
Which method is used in the calculation of national income in India? |
| A. | Origin calculation method |
| B. | income method |
| C. | both suitable |
| D. | none of these |
| Answer» D. none of these | |
| 880. |
Who propounded the theory of drain? |
| A. | By Bal Gangadhar Tilak |
| B. | Dada Bhai Naoroji |
| C. | Gopalakrishna Gokhale |
| D. | Govind Pandey |
| Answer» C. Gopalakrishna Gokhale | |
| 881. |
Who was the chairman of the National Income Committee formed in 1949? |
| A. | D . R. gadgil |
| B. | P . C . Mahalanobis |
| C. | V. K. come . V. Rao. |
| D. | b. Natarajan |
| Answer» C. V. K. come . V. Rao. | |
| 882. |
When was the Central Statistical Organization established? |
| A. | 1950 AD |
| B. | 1951 AD. |
| C. | 1952 AD |
| D. | 1956 AD |
| Answer» C. 1952 AD | |
| 883. |
The national income in India is estimated by - |
| A. | by planning commission |
| B. | by finance ministry |
| C. | By the Central Statistical Organization |
| D. | by Reserve Bank of India |
| Answer» D. by Reserve Bank of India | |
| 884. |
As the economy develops, the share of the tertiary sector in the national income is |
| A. | decreases then increases |
| B. | increases then decreases |
| C. | keeps growing |
| D. | goes down |
| Answer» D. goes down | |
| 885. |
The contribution of which sector in the national income has decreased during the planning period? |
| A. | Agriculture |
| B. | manufacturing |
| C. | transportation |
| D. | banking |
| Answer» B. manufacturing | |
| 886. |
Which sector contributes the most to the national income of India at present? |
| A. | Agriculture |
| B. | Industry |
| C. | infrastructure |
| D. | Services |
| Answer» E. | |
| 887. |
The largest contribution to the national income of India is |
| A. | agricultural sector |
| B. | of manufacturing |
| C. | of business |
| D. | banking sector |
| Answer» C. of business | |
| 888. |
Which one of the following ratio of population below poverty line in India has been estimated by the Tendulkar Committee? |
| A. | 27 . 2 , |
| B. | 37 . 2 , |
| C. | 22 . 7 , |
| D. | 32 . 7 , |
| Answer» C. 22 . 7 , | |
| 889. |
Citizen's guide to fight corruption has been brought out by |
| A. | Ministry of Family Welfare |
| B. | consumer co-operative societies |
| C. | central vigilance commission |
| D. | Transparency International |
| Answer» D. Transparency International | |
| 890. |
reen Indexwas developed by- |
| A. | World Bank Environmental Sustainable Development Division |
| B. | United Nations Environment Program |
| C. | united nations development program |
| D. | Kyoto Protocol |
| Answer» C. united nations development program | |
| 891. |
It would be true that India be defined as - |
| A. | as a food deficient economy |
| B. | as a labor surplus economy |
| C. | As a trade surplus economy |
| D. | As a capital surplus economy |
| Answer» C. As a trade surplus economy | |
| 892. |
The main cause of poverty in short term countries is |
| A. | voluntary inaction |
| B. | income inequality |
| C. | lack of cultural activities |
| D. | lack of intelligence in people |
| Answer» C. lack of cultural activities | |
| 893. |
According to the Educational Development Index (February 2011), the four highest ranked states of India are - |
| A. | Kerala, Tamil Nadu, Punjab, Delhi |
| B. | Kerala, Delhi, Haryana, Punjab |
| C. | Kerala, Delhi, Gujarat, Maharashtra |
| D. | Kerala, Tamil Nadu, West Bengal, Karnataka |
| Answer» B. Kerala, Delhi, Haryana, Punjab | |
| 894. |
The level of poverty in India is assessed by- |
| A. | On the basis of per capita income in different states |
| B. | on the basis of average family income |
| C. | On the basis of consumption expenditure of the family |
| D. | On the basis of slum population of the country |
| Answer» D. On the basis of slum population of the country | |
| 895. |
On what does the economic development of a country depend? |
| A. | natural resources |
| B. | capital formation |
| C. | market size |
| D. | suitable all |
| Answer» E. | |
| 896. |
The first state to release state level human development report is |
| A. | Kerala |
| B. | Rajasthan |
| C. | Madhya Pradesh |
| D. | U. Q. |
| Answer» D. U. Q. | |
| 897. |
Which of the following states is calledEthiopia of Indiadue to extreme malnutrition? |
| A. | to Bihar |
| B. | to Madhya Pradesh |
| C. | to Jharkhand |
| D. | to Odisha |
| Answer» C. to Jharkhand | |
| 898. |
The minimum percentage of population below the poverty line is marked |
| A. | Jammu and Kashmir |
| B. | in punjab |
| C. | in Haryana |
| D. | in Goa |
| Answer» E. | |
| 899. |
Kutir Jyoti Yojana is related to – |
| A. | By promoting cottage industries in rural areas |
| B. | Providing employment to the unemployed in rural areas |
| C. | By providing electricity facility to the families living below poverty line in rural areas. |
| D. | suitable all |
| Answer» D. suitable all | |
| 900. |
When was India's first Human Development Report released on the lines of the Human Development Report of the United Nations Development Program? |
| A. | April 2000 |
| B. | April 2001 |
| C. | April 2002 |
| D. | April 2003 |
| Answer» D. April 2003 | |