Indian Economy - General Knowledge Questions

1 .
What is the full form of GDP ?
A)
Global Domestic Ratio
B)
Gross Domestic Product
C)
Gross Depository Product
D)
Gross Depository Profit

Correct Answer :   Gross Domestic Product

GDP full form is Gross domestic product.
 
 It is a measurement of a nation’s overall economic activity. 
 
GDP is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.

2 .
Per Capita Income is Obtained by dividing National Income by
A)
Volume of the capital used
B)
Area of the country
C)
Total working population
D)
Total population of the country

Correct Answer :   Total population of the country

3 .
The 'Dual Economy' is a mixture of
A)
traditional agriculture sector and modern industrial sector
B)
industrial sector and manufacturing sector
C)
state ownership sector and trading of goods obtained through imports
D)
None of the above

Correct Answer :   traditional agriculture sector and modern industrial sector

4 .
When was the first national Forest Policy issued by the Government of India
A)
1952
B)
1972
C)
1983
D)
1992

Correct Answer :   1952

5 .
In an economy , the sectors are classified into public and private on the basis of
A)
employment conditions
B)
nature of economic activities
C)
ownership of enterprises
D)
use of raw materials

Correct Answer :   ownership of enterprises

6 .
The Standard of living in a country is represented by its
A)
Poverty Ratio
B)
Per Capita Income
C)
National Income
D)
Unemployment Rate

Correct Answer :   Per Capita Income

7 .
The Mid Day Meal Scheme has been launched by the Union Minister of
A)
Home Affairs
B)
Social Welfare
C)
Rural Development
D)
Human Resource Development

Correct Answer :   Human Resource Development

8 .
Mahalanobis Model has been associated with which Five Year Plan
A)
First Five Year Plan
B)
Second Five Year Plan
C)
Third Five Year Plan
D)
Fourth Five Year Plan

Correct Answer :   Second Five Year Plan

9 .
Which sector of Indian Economy contributes largest to the Gross National Product
A)
Primary sector
B)
Secondary sector
C)
Secondary sector
D)
Public Sector

Correct Answer :   Secondary sector

10 .
Where was electricity supply first introduced in India
A)
Kolkata
B)
Mumbai
C)
Darjeeling
D)
Chennai

Correct Answer :   Darjeeling

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