Fundamental Concept of Indian Economy-Test 1

Concider the following statements about post-cold war directional changes in the Indian Foreign Policy

1. By the mid 1990s,Indian Foreign Policy summited itself to a process of adaptive learning to boost its status and influnce in the global pecking order.
2. Indian Foreign Policy has shifted from an overemphasis on idealisim during cold war era to pragmatic realism in the post-cold war era.
3. Indian Foreign Policy is geared to establish tangible economic and security partnership with major religions and countries of the world.      Which of the statement given above is/are correct?

In which of the following types of economy are the factors of production owned individually?

The value of final goods and services produced by the normal resident of a country and their property, whether operating  within the domestic territory of the country or outside in a year is termed as

A higher GDP per capita may not mean that the quality of life has really improved because

1.It shows about the gross income of the people just as an average and does not mean the same translating at the micro level.

2.The concept of per capita income lacks the element of inclusiveness.

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India is regarded as country with Demographic Dividend. This is due to

To obtain full benifits of demographic dividend, what should India do?

The most appropriate measures of a country’s economic growth is its

Which of the following are signs of an open economy/

1. Share of trade in GDP is high

II.GDP and GNP are almost the same.

III. Exchange rate is determined  by markets.

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Which committee was set by the review the concept of the poverty line?

To derive Net National Product at Factor cost from Gross National Product at Factor cost we need to

Net National Product (NNP) of a country is

In India, the National  income is measured on the basis of

Global capital flows to developing countries increased significantly during the nineties. In view of the East Asian financial crisis and Latin America experience, which type of inflow is good for the host country?

Which of the following came close to the meaning of Green GDP, a measure that was introduced in China a few years ago?

When the growth of GDP in a country slows down suddenly, people start losing their jobs and the situation continues for several weeks what name is given to this state of economy (A big country was in this state recently)?

In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?

Economic liberalisation in India started with

What is a green index?

Since Independence, both development and non-development expenditure have increased, the increase in the former being little more than in the other non-development expenditure involves

1. interest payments II. Subsides

III . defence                                                             IV.  Irrigation

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Which of the following is one of the measures of economic  growth of a country?

Which of the following is the most appropriate because of export surplus?

The State Financial Corporations have given assistance mainle to develop

New Economic Policy aims at

when and under whose prime ministership was the Economic Policy first divised and implemented in India?

. Which of the following is/are the components of Gross Domestic Capital Formation(GDCF)?