Indian Economy Practice Question and Answer
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Q: Where is the headquarters of Oil and Natural Gas Corporation (ONGC) in India located?
2168 0603769f124cd273bc4f515e0
603769f124cd273bc4f515e0- 1Hirapurfalse
- 2Guwahatifalse
- 3Dehraduntrue
- 4Mumbaifalse
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Answer : 3. "Dehradun"
Q: Value of Total Goods and Services produced in a country is its _____________ .
2115 05dc8e869513f8a7589a023c1
5dc8e869513f8a7589a023c1- 1Gross Domestic Producttrue
- 2Gross Revenue Incomefalse
- 3Total Goods Revenuefalse
- 4Total Incomefalse
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Answer : 1. "Gross Domestic Product"
Q: Deficit financing means the government borrows money from the –
2078 05e857ba65dddbb6ef018e63f
5e857ba65dddbb6ef018e63f- 1International Monetary Fundfalse
- 2Ministry of Financefalse
- 3Reserve Bank of Indiatrue
- 4World Trade Organizationfalse
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Answer : 3. "Reserve Bank of India "
Q: Which of the statements is correct about India's national income?
1981 05dfca67c40c34473ac86cc32
5dfca67c40c34473ac86cc32- 1Percentage share of agriculture is higher than servicesfalse
- 2Percentage share of industry is higher than agriculturefalse
- 3Percentage share of services is higher than industryfalse
- 4Percentage share of services is higher than agriculture and industry put togethertrue
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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?
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5fc22af4f797c56783129241- 1Service Sectortrue
- 2Science fieldfalse
- 3Education Sectorfalse
- 4Agricultural sectorfalse
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Answer : 1. "Service Sector"
Q: Committee on Public Distribution System is?
1914 05efbf8db0a52267797b6b00a
5efbf8db0a52267797b6b00a- 1Sodhani Committeefalse
- 2Malegam Committeefalse
- 3Venugopal Committeetrue
- 4None of thesefalse
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Answer : 3. "Venugopal Committee"
Q: National Income estimates in India are prepared by
1770 05ef4366e81a47f2e7aeffac1
5ef4366e81a47f2e7aeffac1- 1Planning Commissionfalse
- 2Reserve Bank of Indiafalse
- 3Central statistical organizationtrue
- 4Indian Statistical Institutefalse
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Answer : 3. "Central statistical organization"
Q: Which region has the least contribution to India's national income?
1755 05efbfe670a52267797b6b43a
5efbfe670a52267797b6b43a- 1Primary Sectorfalse
- 2Secondary Sectortrue
- 3Tertiary sectorfalse
- 4None of thesefalse
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Answer : 2. "Secondary Sector"
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