introduction to indian economy section 14 Practice Questions Answers Test with Solutions & More Shortcuts
Introduction to Indian Economy PRACTICE TEST [14 - EXERCISES]
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introduction to indian economy section 14
Question : 31 [SSC MTS 2013]
Current Fiscal Deficit percentage in GDP is
a) 4
b) 7
c) 8
d) 1
e) None of These
Answer »Answer: (e)
The current Fiscal Deficit percentage in GDP (Gross Domestic Product) is 4 per cent.
Note: In his budgetary speech Finance Minister Arun Jaitley pegs fiscal deficit at 3.2% of GDP for 2017-18.
Question : 32 [SSC CGL 2016]
Which of the following is not a method of estimating national income?
a) Output method
b) Expenditure method
c) Matrix method
d) Income method
Answer »Answer: (c)
The national income of a country can be measured by three alternative methods:
- Product Method,
- Income Method, and
- Expenditure Method.
Product Method: In this method, national income is measured as a flow of goods and services;
Income Method: Under this method, national income is measured as a flow of factor incomes;
Expenditure Method: In this method, national income is measured as a flow of expenditure.
Question : 34 [SSC CGL 2014]
Which of the following is the Regulator of the credit rating agencies in India ?
a) SBI
b) RBI
c) SIDBI
d) SEBI
e) None of These
Answer »Answer: (e)
The Indian credit rating industry mainly comprises
- CRISIL,
- CIBIL,
- ICRA,
- CARE,
- ONICRA,
- FITCH and
- SMERA.
The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. RBI is India’s central bank. SIDBI (Small Industries Development Bank of India) financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises in India.
Question : 35
The objective of the National Population Policy (NPP) is
- The immediate objective is to address the unmet needs for contraception, health care infrastructure and basic reproductive and child health care.
- The medium-term objective is to bring the Total Fertility Rate (TFR) to replacement levels of 2.1 by 2010.
- The short-term objective is to achieve a stable population by 2045, at a level consistent with the requirement of sustainable economic growth, social development and environmental protection.
a) 2
b) 3
c) 1
d) All are correct
Answer »Answer: (b)
The long-term objective of NPP is to achieve a stable population by 2045, at a level consistent with the requirement of sustainable economic growth, social development and environmental protection.
IMPORTANT indian economy mcq EXERCISES
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Top 500+ Basic Indian Economy GK MCQ Quiz For SSC IBPS »
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New Indian Economy GK MCQ Quiz PDF For UPSC/IAS Prelims »
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Basic Indian Economy Concepts MCQs Quiz For RRB NTPC Exam »
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Top 500+ Indian Economy GK MCQs Quiz PDF For SSC UPSC RRB »
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New 499+ Indian Economy GK Question And Answers Quiz PDF »
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Best 500+ Indian Economy General Knowledge MCQ Quiz PDF »
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500+ Indian Economy General Studies Online MCQ Quiz PDF »
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New 500+ Indian Economy Basic Static GK MCQ Quiz For IBPS »
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500+ Introduction to Indian Economy GK MCQ Quiz For SSC »
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800+ Latest Indian Economy GK Questions & Answers MCQ PDF »
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1000+ Indian Economy GK Questions And Answers Quiz PDF »
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1000+ Indian Economy Basic Concepts GK MCQ PDF For SBI PO »
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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