Economy - Questions and Answers, General Study (GK)

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61.

Commercial paper is a source of credit for which one of the following?

(a)Corporate Industry

(b)Small Scale Industry

(c)Commercial Bank

(d)Foreign Bank

Comment

Answer is: ANA

62.

Which one of the followmg is the most appropriate method to measure the economic growth of the country ?

(a)National Income

(b)Net National Produce

(c)Gross Capital Formation

(d)Gross Domestic Product

Comment

Answer is: D

63.

India is regarded as a country of 'Demographic Dividend'. This is due to

(a)its high population in the age group below 15 years

(b)its high population in the age group of 15-64 years

(c)its high population in the age group above 65 years

(d)its high total population

Comment

Answer is: B

64.

Which of the following is used for the measurement of distribution of income?

(a)Laffer Curve

(b)Engel's Law

(c)Gini-Lorenz Curve

(d)Philip Curve

Comment

Answer is: C

65.

Which one of the following sectors is the major contribution towards the Gross Domestic Saving in india in recent time?

(a)Public sector

(b)Private sector

(c)Corporate sector

(d)Household sector

Comment

Answer is: D

66.

Which one of the following years has been adopted as a base year for estimating national income in India after 2010?

(a)1999-2000

(b)2002-2003

(d)2008-2009

Comment

Answer is: C

67.

When development in an economy take place, the share of tertiary sector in National Income

(a)first falls and then rises

(b)first rises and then falls

(c)keeps on increasing

(d)remains constant

Comment

Answer is: C

68.

In 1980s, Indian economy was in the process of the Hindu rate of growth. Which one of the following is associated with the Hindu rate of growth?

(a)Population growth rate

(b)Growth rate of Naxalism

(c)Growth rate of food grain production

(d)Growth rate of gross domestic product

Comment

Answer is: D

69.

Which one of the following is not the component of the services sector of lndian Economy?

(a)Insurance and Finance

(b)Community and Personal

(c)Construction

(d)Trade and Hotel

Comment

Answer is: C

70.

Which one of the following companies launched the e-choupal to bring inclusive market in India?

(a)RIL

(b)Tata

(c)ITC

(d)Birla Groups

Comment

Answer is: C

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Economy - Questions and AnswersPage 7

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