introduction to indian economy section 11 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 7
introduction to indian economy section 8
introduction to indian economy section 9
introduction to indian economy section 10
introduction to indian economy section 11
introduction to indian economy section 12
introduction to indian economy section 13
introduction to indian economy section 14
Question : 21
Consider the following statements:
- Human Development Report is an authoritative annual publication brought out by the World Bank.
- It measures longevity by life expectancy at birth.
- Knowledge is measured by adult literacy rate.
- Standard of living is measured by GDP per capita (US $ PPP)
a) 2
b) 3
c) 1
d) 4
Answer »Answer: (c)
Question : 22 [SSC LDEO 2011]
After ONGC, OIC, NTPC and SAIL, the ‘Navratna’ PSU which was awarded ‘Maharatna’ status is
a) GAIL
b) HAL
c) Coal India Ltd
d) BHEL
Answer »Answer: (c)
In April 2011, Coal India Limited (CIL) was conferred the Maharatna status by the Union Government of India.
CIL is an Indian state-controlled coal mining company headquartered in Kolkata. It contributes around 85% of coal production in India.
It is currently 90% owned by the Government of India with the remaining 10% owned by the public.
Question : 23 [SSC CML 2000]
Among the tax revenues of the Union Government, what is the largest source?
a) Corporation Tax
b) Income Tax
c) Central Excise
d) Customs Duty
Answer »Answer: (a)
As per the Union Budget 2011-12, direct taxes contributed between 50-60 per cent of tax revenue. Corporation Tax is the single biggest income source for the government.
The contributions of excise and customs duties have been gradually declining after 1990-91 reform due to rationalization of tax structures and reduction of levy rates.
Excise duties, at present, contribute 17 per cent; Custom duties: 17 per cent, while Service Duty contributes 9 per cent. In the early 1990s, the share of net corporate tax revenues in the total tax revenues (from direct and indirect tax) stood at 12.4 per cent, while that of net excise duty was 32 per cent.
However, over the years, economic gains in India Inc have trickled down to the exchequer in the form of higher Corporate Tax collections.
Question : 24
Match the following in regards to labour force vs sector where
Column A | Column B |
I. Primary Sector | 17.3 |
II. Secondary Sector | 72.1 |
III. Tertiary Sector | 10.6 |
a) 1, 2, 3
b) 3, 2, 1
c) 2, 3, 1
d) 3, 1, 2
Answer »Answer: (c)
Occupational structure refers to the distribution of the workforce in the different occupations of the country.
As the economy grows, the labour force shifts from the primary sector to the secondary and tertiary sector.
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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