Top 100 Indian Economics GK Questions
Real national income denotes.
(A) Per capital income
(B) National income at constant prices
(C) National income at current prices
(D) Net factor income
Correct Answer : B
Values of total goods and services produced in a country is its _____.
(A) Gross Revenue Income
(B) Gross Domestic Product
(C) Total Goods Revenue
(D) Total Income
Correct Answer : B
Stagflation is defined as
(A) high inflation, low growth, high unemployment
(B) high inflation, low growth, high unemployment
(C) high inflation, high growth, high unemployment
(D) low inflation, high growth, low unemployment
Correct Answer : B
Unemployment that arises when there is a general downturn in business activity is known as
(A) Structural unemployment
(B) Frictional unemployment
(C) Cyclical unemployment
(D) Disguised unemployment
Correct Answer : C
A ____________ occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings.
(A) Current Account Deficit
(B) Budgetary Deficit
(C) Revenue Deficit
(D) Fiscal Deficit
Correct Answer : D
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Rajesh Bhatia
A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.
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