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Indian Economic Indicators

Questions covering key economic indicators for India including national income, GDP, per capita income, poverty rates, money supply, and economic sector classification.

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

Which of the following is the best measure of economic development?

  1. Size of exports
  2. Employment
  3. National income
  4. Rural consumption
Question 2 Multiple Choice (Single Answer)

Which among the following factors creates obstacles in measuring the correct estimate of national income?

  1. Inflation
  2. Existence of non-monetised sector
  3. Under employment
  4. Low rate of savings
Question 3 Multiple Choice (Single Answer)

What was the approximate contribution of the manufacturing sector to India's GDP in 2011-12?

  1. 15%
  2. 20%
  3. 25%
  4. 28%
Question 4 Multiple Choice (Single Answer)

Which of the following methods is/are used to measure national income in India?

  1. Production method
  2. Income method
  3. Consumption method
  4. Both (1) and (2)
Question 5 Multiple Choice (Single Answer)

National income on current prices is higher than that at constant prices because

  1. price increase is lower than increase in production
  2. price increase is equal to increase in production
  3. price increase is higher than increase in production
  4. of inflationary effect
Question 6 Multiple Choice (Single Answer)

Which of the following do(es) not come under the tertiary sector?

  1. Banking
  2. Transport
  3. Construction
  4. Community and Personal Services
Question 7 Multiple Choice (Single Answer)

Lack of money supply as compared to supply of goods and services causes

  1. inflation
  2. deflation
  3. devaluation
  4. None of these
Question 8 Multiple Choice (Single Answer)

Which of the following are the reasons for slow growth of per capita income in India?

  1. High capital-output ratio
  2. High growth of population
  3. Low capital formation
  4. High level of fiscal deficits
  1. Only 2, 3 and 4
  2. Only 1, 2 and 3
  3. Only 2 and 3
  4. All 1, 2, 3 and 4
Question 9 Multiple Choice (Single Answer)

What is the poverty rate in India as per the Tendulkar Commmittee report?

  1. 25.4%
  2. 28.6%
  3. 37.2%
  4. 41.3%
Question 10 Multiple Choice (Single Answer)

In India, the first attempt to estimate the national income was made by

  1. C. Rajagopalachari
  2. Dadabhai Naoroji
  3. Madan Mohan Malviya
  4. Gopal Krishna Gokhale
Question 11 Multiple Choice (Single Answer)

Which of the following statements is incorrect?

  1. National income is a flow, not a stock.
  2. National income measures only the net value of goods and services produced in a country during a year; not the net earned foreign income.
  3. In India, national income estimates are related with the financial year (April 1 to March 31).
  4. In India, Central Statistical Organisation (CSO) regularly publishes national income data.
Question 12 Multiple Choice (Single Answer)

National income estimates in India are prepared by

  1. CSO
  2. Planning Commission
  3. Finance Ministry
  4. NDC
Question 13 Multiple Choice (Single Answer)

The standard of living in a country is represented by its

  1. per capita income
  2. national income
  3. poverty ratio
  4. None of these
Question 14 Multiple Choice (Single Answer)

The national income of a country can be estimated by using

  1. expenditure method
  2. income method
  3. value–added method
  4. All of the above
Question 15 Multiple Choice (Single Answer)

The proportion of labour in GNP becomes low since

  1. profits lag behind work
  2. prices lag behind wages
  3. prices lag behind costs
  4. wages lag behind prices
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