introduction to indian economy section 4 MCQ Questions & Answers Detailed Explanation

Question : 1

As per the 2016–17 Budget, the largest source of money to the Government of India is :

a) Corporation Tax

b) Income Tax

c) Nontax revenues

d) Borrowings and other liabilities

Question : 2

Which among the following sector of Indian Economy is maximum dependent on economic developments in advanced nations?

1. Manufacturing Sector
2. Agricultural Sector
3. Mining Sector
4. Services Sector

a) 2 only

b) 3 only

c) 1 only

d) 4 only

Question : 3

GDP is defined as the value of all

a) goods and services in an economy in a year

b) final goods and services produced in an economy in a year.

c) final goods produced in an economy in a year

d) goods produced in an economy in a year

Question : 4

‘Underdeveloped countries are the slums of world economy’ the statement is given by

a) A.N. Cairncross

b) Colin Clark

c) Ragnar Nurkse

d) Jagdish Bhagwati

Question : 5

In India, planned economy is based on

a) Capitalist system

b) Gandhian system

c) Socialist system

d) Mixed economy system

Question : 6

Which among the following sector of Indian Economy is maximum dependent on economic developments in advanced rations?

a) Mining sector

b) Manufacturing sector

c) Agricultural sector

d) Services sector