introduction to indian economy section 12 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 41

Population experts refer to the possible ‘demographic bonus’ that may accrue to India around 2016 A.D. They are referring to the phenomenon of

a) a decline in both birth and death rates;

b) a sharp drop in the total population

c) a surge in the population in the productive age group;

d) a well-balanced sex ratio

Question : 42

Consider the following in regard to the reason for the persistence of inflation according to the Economic Survey 2012-13 :

1. Inflation in protein foods, particularly eggs, meat and fish and in fruits and vegetables has persisted because of changes in dietary habits and supply constraints.
2. Rise in income is also a reason for sustained food inflation.
3. An increase in MSP while necessary to ensure remunerative returns to farmers, raised the floor prices and also contributed to the rise in input prices.

a) 2 and 3 only

b) 1 and 3 only

c) 1 and 2 only

d) 1, 2 and 3

Question : 43 [SSC CML 2002]

National Income at factor cost is equal to

a) Net National Product – Direct taxes + Subsidies

b) Net National Product – Indirect taxes + Subsidies

c) Gross National Product – Depreciation charges

d) Net National Product + Net income from abroad

Question : 44

Which of the following will not contribute to a higher current account deficit?

1. Increase in price of crude oil
2. Rise in export of software services
3. Rise in import of services

a) 2 only

b) 3 only

c) 1 and 2 only

d) 1 and 3 only

Question : 45 [SSC Investigator 2010]

The Reserve Bank of India was nationalised in the year

a) 1969

b) 1935

c) 1949

d) 1980