NATURE OF INDIAN ECONOMY MCQS SET 10

NATURE OF INDIAN ECONOMY MCQS SET 10

91) Arrange the following Indian states in an order from having high Per Capita Income to low Per Capita Income.
1. Sikkim
2. Goa
3. Chandigarh
4. Delhi
Choose the right answer from the codes given below
A) 3, 4, 1, 2
B) 1, 2, 3, 4
C) 2, 4, 3, 1
D) 2, 4, 1, 3
Correct Answer: 2, 4, 1, 3
   
92) Since Independence, both plan and non-plan expenditures have increased, the increase in non-plan expenditure is little more than the former. Which one of the following expenditure causes the increase in non plan-expenditure and select the correct answer using the
codes
1. Interest payment
2. Subsidy
3. Irrigation
Codes
A) 1, 2 and 3
B) 1 and 2
C) 1 and 3
D) Only 2
Correct Answer: 1 and 2
   
93) Which one of the following correctly explains the underdeveloped nature of the economy of India?
1. Inequitable distribution of income
2. High unemployment in the economy
3. Slow rate of increase in national income
4. Slow rate of growth of road infrastructure
Select the correct answer using the codes given below
A) 1, 2, 3 and 4
B) 1, 2 and 3
C) 2 and 3
D) 3 and 4
Correct Answer: 1, 2 and 3
   
94) National Income accounting entails a calculation of the net contribution at every stage of manufacturing. This method of National Income accounting is known as
A) Product method
B) Income method
C) Consumption method
D) Expenditure method
Correct Answer: Product method
   
95) Consider the following statements
1. The employment generated by the agriculture and allied sector in Indian economy in pre-reform period was more than the tertiary sector.
2. In post reform period, the employment generated by the primary sector is less than 25%.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: Only 1

96) What is the percentage of the constituent of the population of the working age group (15-64 years) in the Indian economy?
A) Less than 25%
B) Less than 50%
C) More than 50%
D) More than 75%
Correct Answer: More than 50%
   
97) Which of the following statements are correct?
1. When marginal revenue is positive, total revenue increases with increase in output
2. When marginal revenue is zero, total revenue is maximum
3. When marginal revenue becomes negative, total revenue falls with increase in output.
Select the correct answer using the codes given below
A) 1 and 2
B) 2 and 3
C) 1 and 3
D) 1, 2 and 3
Correct Answer: 1, 2 and 3
   
98) Which of the following method is not used in determining National Income at a country?
A) Income method
B) Output method
C) Input method
D) Investment method
Correct Answer: Investment method
   
99) The branch of knowledge concerned with the production, consumption, and transfer of wealth is termed as:
A) Mercantilism
B) Statistics
C) Numismatics
D) Economics
Correct Answer: Economics
   
100) The word economics has been derived from “okionomia” which is a:
A) Latin word
B) Greek word
C) African word
D) Urdu word
Correct Answer: Greek word