Fundamental Concept of Indian Economy-Test 2

Highest per capita income is inversely co-related with the proportion of active population engaged in

What makes an Indian labour more efficient to its Western counterpart?

Market imperfections in the country are reflected in

Which of the following is the standard definition of recession?

Sudden decrease of birth rate would cause

The best solution for overcoming the evil effects of small and uneconomic holdings is

Non-Tax revenue can be increased by improving the working of

Gross domestic product is a measure of the total value of all

Subsidy implies

Which of the following is not included in National Income Accounts?

The largest share of Gross Domestic Product(GDP),in India comes from

A growing country is one with

Which of the following is one of the indicators of Human Development Index (HDI)?

Consider the following statements

I.GDP is a better measure of National Income than GNP.

II.GNP is always than GDP.

Which of the statements given above is/are correct?

The first Chair of Disinvestment Commission Was

When the productive capacity of the economic system of a state is inadequate to create sufficient number of jobs,it is called

Which of the following measures should be taken when an economy is going through inflationary pressures?

1. The direct taxes should be increased.
2. The interest rate should be reduced.
3. The public spending should be increased.Select the correct answer using the codes given below

The GDP is the value of all final goods and services produced

Consider the following statements

1. The first attempt to calculate National Income of India was made by Dadabhai Naoroji.
2. The first scientific method to calculate national income of India was made by professor VKRV Rao.

Which of the statements given above is/are correct?

Per capita income is obtained by dividing National Income by

consider the following statements

5. The base year for measuring GDP in INDIA is 2004-05.
6. The CSO functions under the Ministry of statistics and Programme Implementation.

III. NSSO is a part of Central Statistical Organisation (CSO).

Which of the statements given above is /correct?

The concept  of Net Domestic Investment’ refers to

Deficit financing means the government borrows money from the

Consider the following specific stages of demographic transition associated with economic development

1. Low birth rate with low death rate.
2. High birth rate with high death rate.
3. High birth rate with low death rate.

Select the correct order of the above stages using the codes given below

GDP  at factor cost is