Indian Economic Development
Quiz by Dr.S.Padma Annakamu PSGRKCW
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12 questions
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- Q1Which sector is the largest contributor to the Indian economy?AgricultureInfrastructureManufacturingServices30s
- Q2What is the main driver of India's economic growth in recent years?Domestic consumptionExportsGovernment expenditureForeign direct investment30s
- Q3Which of the following is the largest employer in India?Informal sectorGovernment sectorPrivate sectorAgricultural sector30s
- Q4What is the fiscal year in India?October to SeptemberJanuary to DecemberJuly to JuneApril to March30s
- Q5What is national income?The total value of all final goods and services produced within a country in a specific period of timeThe total value of all assets owned by a countryThe total value of all financial transactions within a countryThe total value of all imports and exports of a country30s
- Q6Which of the following is NOT a component of national income?RentGovernment debtWages and salariesProfits30s
- Q7How is national income measured?By measuring the total wealth of a countryBy summing up the value of all income earned by individuals and businesses in a countryBy calculating the total exports of a countryBy counting the total population of a country30s
- Q8Which of the following is an example of transfer income in national income accounting?Rental incomeWages and salariesCorporate profitsUnemployment benefits30s
- Q9What 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 worldwideNominal national income includes government debt, while real national income does notNominal national income is not adjusted for inflation, while real national income is adjusted for inflationNominal national income is measured annually, while real national income is measured quarterly30s
- Q10Which of the following is NOT considered a factor of production in economics?CapitalConsumer demandLaborLand30s
- Q11Which of the following is an indicator of economic development?Inflation rateTrade deficitTax revenueHuman Development Index (HDI)30s
- Q12What is the main driver of economic growth and development?Government interventionIncrease in populationTechnological progressNatural resources30s