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Indian Economic Development

Quiz by Dr.S.Padma Annakamu PSGRKCW

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12 questions
Show answers
  • Q1
    Which sector is the largest contributor to the Indian economy?
    Agriculture
    Infrastructure
    Manufacturing
    Services
    30s
  • Q2
    What is the main driver of India's economic growth in recent years?
    Domestic consumption
    Exports
    Government expenditure
    Foreign direct investment
    30s
  • Q3
    Which of the following is the largest employer in India?
    Informal sector
    Government sector
    Private sector
    Agricultural sector
    30s
  • Q4
    What is the fiscal year in India?
    October to September
    January to December
    July to June
    April to March
    30s
  • Q5
    What is national income?
    The total value of all final goods and services produced within a country in a specific period of time
    The total value of all assets owned by a country
    The total value of all financial transactions within a country
    The total value of all imports and exports of a country
    30s
  • Q6
    Which of the following is NOT a component of national income?
    Rent
    Government debt
    Wages and salaries
    Profits
    30s
  • Q7
    How is national income measured?
    By measuring the total wealth of a country
    By summing up the value of all income earned by individuals and businesses in a country
    By calculating the total exports of a country
    By counting the total population of a country
    30s
  • Q8
    Which of the following is an example of transfer income in national income accounting?
    Rental income
    Wages and salaries
    Corporate profits
    Unemployment benefits
    30s
  • Q9
    What is the difference between nominal national income and real national income?
    Nominal national income measures income earned within a specific region, while real national income measures income earned worldwide
    Nominal national income includes government debt, while real national income does not
    Nominal national income is not adjusted for inflation, while real national income is adjusted for inflation
    Nominal national income is measured annually, while real national income is measured quarterly
    30s
  • Q10
    Which of the following is NOT considered a factor of production in economics?
    Capital
    Consumer demand
    Labor
    Land
    30s
  • Q11
    Which of the following is an indicator of economic development?
    Inflation rate
    Trade deficit
    Tax revenue
    Human Development Index (HDI)
    30s
  • Q12
    What is the main driver of economic growth and development?
    Government intervention
    Increase in population
    Technological progress
    Natural resources
    30s

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