1. Which among below is not a part of Primary
sector?
a)Mining b) Animal Husbandry
c)
Construction d) Fishing
2. Choose the false statement metioned below-
a) Fishing is the segment of primary sector
b) Banking & finance is part of service
sector.
c) Tourism comes under tertiary sector
d) Manufacturing comes under service sector
3. Which sector of the economy contributes least
in GDP of India-
a) Primary
sector b) Secondary Sector
c) Tertiary
sector d) None of the above
4. Choose the correct statement –
a) India is the third of largest economy of the
world.
b) India is among the list of fastest growing
countries.
c) The capital formation of India is at higher
level
d) China is the development economy.
5. The Indian economy can be most appropriately
describes as a :
a) Capitalist economy
b) Socialist Economy
C) Traditional
Economy
d) Mixed economy
6. National Income refers to:
a) Money value of goods & services produced
in a country during a year
b) Money value of stocks and shares of a country
during a year.
c) Money value of capital goods produced by a
country during a year
d)
Money value of consumer goods produced by a
country during a year.
7. National income of a country is-
a) Government annual Revenue
b) Total productive Income
c) Surplus of the public sector enterprises
d) export- Import (loans)
8. Which one of the following currencies has the
highest value in terms of rupee?
a) Pound b) US Dollar
c)
Euro d) Rial
9. What is the main function of CSO?
a) Determination of money supply
b) Collection of estimate of national income
c) collection of details data regarding
employment
d) Price determination
10. The term ‘Mixed Agriculture’ includes:
a) crops+ food processing
units
b) Agriculture + Animal husbandry
c) Agriculture + fishing
d) Cash crops + Grains
11. The term ‘mixed economy’ includes:
a) existence of both rural & urban sectors
b) existence of both private & public
sectors
c) existence of both heavy and small industries.
d) none of the above
12. The largest contributor of India’s national
income comes from
a) Primary
sector b) secondary sector
c) Tertiary
sector d) None of the above
13. Who among below prepared first the national
income of India
a) Gopal Krishna
gokhle b) Dada bhai Naorojee
c) V.K.R. Rao d) Simon Kujnets
14. Who among below has done significant work on
National Income
a) Jagdish
Bhagwati b) M.L. seth
c) Amrtya
Sen d) V.K.R.V. Rao
15. Which among below is deducted from NNP to
arrive at National Income?
a) Indirect taxes b) Dearness allowance
c)
Subsidy d) Interest
16. The CSO provides data under a new revised
series in which the base year is taken as
a) 1993-94 b) 2011-12
c)
2012-13 d)2004-05’
17. The full form of CSO
a) Central Survey of organization
b) Central Statistical Organization
c) Central Service Organization
d) Central Statically Office
Answer
1. C
2. D
3. A
4. B
5. D
6. C
7. B
8. A
9. C
10. B
11. B
12. C
13. C
14. D
15. A
16. B
17. D
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