Indian Economy Practice Question and Answer

Q:

Where is the headquarters of Oil and Natural Gas Corporation (ONGC) in India located?

2152 0

  • 1
    Hirapur
    Correct
    Wrong
  • 2
    Guwahati
    Correct
    Wrong
  • 3
    Dehradun
    Correct
    Wrong
  • 4
    Mumbai
    Correct
    Wrong
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Answer : 3. "Dehradun"

Q:

Value of Total Goods and Services produced in a country is its _____________ .

2100 0

  • 1
    Gross Domestic Product
    Correct
    Wrong
  • 2
    Gross Revenue Income
    Correct
    Wrong
  • 3
    Total Goods Revenue
    Correct
    Wrong
  • 4
    Total Income
    Correct
    Wrong
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Answer : 1. "Gross Domestic Product"

Q:

Deficit financing means the government borrows money from the – 

2057 0

  • 1
    International Monetary Fund
    Correct
    Wrong
  • 2
    Ministry of Finance
    Correct
    Wrong
  • 3
    Reserve Bank of India
    Correct
    Wrong
  • 4
    World Trade Organization
    Correct
    Wrong
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Answer : 3. "Reserve Bank of India "

Q:

Which of the statements is correct about India's national income?    

1962 0

  • 1
    Percentage share of agriculture is higher than services
    Correct
    Wrong
  • 2
    Percentage share of industry is higher than agriculture
    Correct
    Wrong
  • 3
    Percentage share of services is higher than industry
    Correct
    Wrong
  • 4
    Percentage share of services is higher than agriculture and industry put together
    Correct
    Wrong
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Answer : 4. "Percentage share of services is higher than agriculture and industry put together "

Q:

Which is the third area of economic development?

1922 0

  • 1
    Service Sector
    Correct
    Wrong
  • 2
    Science field
    Correct
    Wrong
  • 3
    Education Sector
    Correct
    Wrong
  • 4
    Agricultural sector
    Correct
    Wrong
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Answer : 1. "Service Sector"

Q:

Committee on Public Distribution System is?

1891 0

  • 1
    Sodhani Committee
    Correct
    Wrong
  • 2
    Malegam Committee
    Correct
    Wrong
  • 3
    Venugopal Committee
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "Venugopal Committee"

Q:

National Income estimates in India are prepared by

1758 0

  • 1
    Planning Commission
    Correct
    Wrong
  • 2
    Reserve Bank of India
    Correct
    Wrong
  • 3
    Central statistical organization
    Correct
    Wrong
  • 4
    Indian Statistical Institute
    Correct
    Wrong
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Answer : 3. "Central statistical organization"

Q:

Which region has the least contribution to India's national income?

1740 0

  • 1
    Primary Sector
    Correct
    Wrong
  • 2
    Secondary Sector
    Correct
    Wrong
  • 3
    Tertiary sector
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "Secondary Sector"

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