Monday, 11 January 2016

Indian Economics for SSC Exam

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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