introduction to indian economy section 13 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 4
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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 : 11
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 : 12 [SSC CGL 2016]
In India which of the following taxes is levied by the State Governments?
a) Capital gains tax
b) Excise duty on liquor
c) Customs tax
d) Corporation tax
Answer »Answer: (b)
Excise duty on production few items including that on liquor is imposed by state governments.
Excise duty on alcohol, alcoholic preparations, and narcotic substances is collected by the State Government and is called “State Excise” duty. For most of the states, excise duty is the second largest tax revenue after sales taxes (State VAT).
Question : 13
One of the reasons for India’s occupational structure remaining more or less the same over the years has been that
a) Ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture
b) investment pattern has been directed towards capital intensive industries
c) productivity in agriculture has been high enough to induce people to stay with agriculture
d) People are largely unaware of the significance of transition from agriculture to industry for economic development
Answer »Answer: (b)
Question : 14 [SSC CGL 2016]
The new symbol of Indian currency is designed by
a) Y.V. Reddy
b) Santosh Kumar
c) Udaya Kumar
d) Dr. Rangarajan
Answer »Answer: (c)
Udaya Kumar, an assistant professor at IIT Guwahati, is the designer of the Indian rupee sign. The design resembles both the Devanagari letter “j” (ra) and the Latin capital letter “R”, with a double horizontal line at the top.
The design was selected through an “open” competition among Indian residents.
Question : 15 [SSC SO 2008]
According to the Employment Outlook 2007 reports of the Organisation for Economic Cooperation and Develop-ment (OECD), the number of new jobs created in India every year from 2000 to 2005 is
a) 13 million
b) 8 million
c) 11 million
d) 5 million
Answer »Answer: (c)
Over the period 2000-05, India generated 11.3 million net new jobs per year, on average. The figure was 7 million in China, 2.7 million in Brazil and 0.7 million jobs in the Russian Federation, compared with an average of 3.7 million net new jobs generated in the OECD area as a whole each year over the same period.
IMPORTANT indian economy mcq EXERCISES
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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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