Indian Economy Practice Question and Answer

Q:

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

2168 0

  • 1
    Hirapur
    Correct
    Wrong
  • 2
    Guwahati
    Correct
    Wrong
  • 3
    Dehradun
    Correct
    Wrong
  • 4
    Mumbai
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Dehradun"

Q:

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

2115 0

  • 1
    Gross Domestic Product
    Correct
    Wrong
  • 2
    Gross Revenue Income
    Correct
    Wrong
  • 3
    Total Goods Revenue
    Correct
    Wrong
  • 4
    Total Income
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Gross Domestic Product"

Q:

Deficit financing means the government borrows money from the – 

2078 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
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Reserve Bank of India "

Q:

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

1981 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
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Percentage share of services is higher than agriculture and industry put together "

Q:

Which is the third area of economic development?

1939 0

  • 1
    Service Sector
    Correct
    Wrong
  • 2
    Science field
    Correct
    Wrong
  • 3
    Education Sector
    Correct
    Wrong
  • 4
    Agricultural sector
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Service Sector"

Q:

Committee on Public Distribution System is?

1914 0

  • 1
    Sodhani Committee
    Correct
    Wrong
  • 2
    Malegam Committee
    Correct
    Wrong
  • 3
    Venugopal Committee
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Venugopal Committee"

Q:

National Income estimates in India are prepared by

1770 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
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Central statistical organization"

Q:

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

1755 0

  • 1
    Primary Sector
    Correct
    Wrong
  • 2
    Secondary Sector
    Correct
    Wrong
  • 3
    Tertiary sector
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Secondary Sector"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully