Top 550+ Solved Indian Economy MCQ Questions Answer
Q. The first estimate of national income in India was made by:
a. Mahalanobis
b. V.K.R.V. Rao
c. Dadabhai Naoroji
d. Prof. Sheroi
Q. The per capita income is obtained by:
a. summing up the income of all the citizens of the country
b. dividing national income by the population
c. estimating the minimum income of individual citizens
d. dividing the total national capital with the profit earned
Q. Which of the following is correct regarding the Gross Domestic Saving In India? [Asstt Grade 1992]
a. Contribution of Household sector is the largest
b. Contribution of Government sector is the largest
c. Contribution of Corporate sector is the largest
d. None of these
Q. Which of the following is not required while computing Gross National Product (GNP)?[Asstt Grade 1992]
a. Net foreign investment
b. Private investment
c. Per capita income of citizens
d. Purchase of goods by government
Q. National income is the same as:
a. Net Domestic Product at market price
b. Net Domestic Product at cost factor
c. Net National Product at market price
d. Net National Product at factor cost
Q. The sum total of incomes received for the services of labour, land or capital in a country is called:
a. gross domestic product
b. national income
c. gross domestic income
d. gross national income
Q. Which of the following is not shared by the Centre and the States?
a. Sales Tax
b. Corporation Tax
c. Income Tax
d. Union Excise Duties
Q. Which of the following taxes is not levied by the Union Government?
a. Wealth Tax
b. Excise Duty
c. Profession Tax
d. Income Tax
Q. The principal source of revenue to the State Government in India is :
a. Income Tax
b. Sales Tax
c. State Excise Duties
d. Land Revenue
Q. Which of the following is an indirect tax?
a. Corporation Tax
b. Excise Duty
c. Wealth Tax
d. Capital Gains Tax
Q. Which Agriculture export item is second in case of India?
a. Marine product
b. Rice
c. Sugar
d. Oil cake
Q. The performance of which of the following industries is considered performance of thecore industry? [RBI Grade B Officer 2011]
a. Garments
b. Leather
c. IT
d. Oil and Petroleum
Q. Which of the following agencies has the power to declare any industrial unit as apotentially sick unit? [CDS 2000]
a. BIFR
b. MRTPC
c. FICCI
d. IRBI
Q. The most important small-scale industry in India is that of:
a. textiles
b. jute
c. jewellery
d. handloom
Q. UTI has been divided into two parts UTI-I and UTI-II. Which part has been kept underthe control of the government?
a. UTI-I
b. UTI-II
c. Both the above
d. None of the above