introduction to indian economy section 1 Practice Questions Answers Test with Solutions & More Shortcuts
Introduction to Indian Economy PRACTICE TEST [14 - EXERCISES]
introduction to indian economy section 1
introduction to indian economy section 2
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introduction to indian economy section 13
introduction to indian economy section 14
Question : 6 [SSC CGL 2016]
Securities and Exchange Board of India is a
a) Regulatory Body
b) Quasi Judicial body
c) Advisory Body
d) Consititutional Body
Answer »Answer: (a)
The Securities and Exchange Board of India (SEBI) is the designated regulatory body for the finance and investment markets in India.
It was established in the year 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992. It is an autonomous body.
Question : 8
Consider the following statements :
- Higher growth in GDP and population can occur together.
- Per capita income always decreases with high population growth.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
Higher growth in GDP and population can occur together. Per capita income always decreases with high population growth as income per person decreases with rise in population.
Question : 9
Which of the following is definitely a major indication of the state of the economy of a country?
a) Rate of inflation
b) None of these
c) Number of banks in a country
d) Rate of GDP growth
Answer »Answer: (d)
The rate of GDP growth is a major indication of the state of the economy of a country. Economic growth is the increase in the market value of the goods and services produced by an economy over time. It is conventionally measured as the per cent rate of increase in gross domestic product.
Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a year, or another given period of time.
Question : 10 [SSC CML 2000]
Which of the following is not a part of national income?
a) Profits
b) Wages and Salaries
c) Rent
d) Interest on national debt
Answer »Answer: (d)
National Income is the money value of all goods and services produced in a country during a year. The income method of the calculation of National Income adds up all incomes received by the factors of production generated in the economy during a year.
This includes wages from employment and self-employment, profits to firms, interest to lenders of capital and rents to owners of the land.
IMPORTANT indian economy mcq EXERCISES
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Top 500+ Indian Economy GK MCQs Quiz PDF For SSC UPSC RRB »
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Introduction to Indian Economy Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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