Q1. Consider the following statements regarding Tertiary Sector-
A: This sector is also known as Service sector.
B: Its growth is wholly dependent upon Primary and secondary sectors.
C: Banking, Insurance, trade and commerce are the components of this sector.
1) Only A is true
2) Only B is true
3) Only C is True
4) All are True
5) All are False
Answer-4
Q2. Factor incomes are classified into heads of-
1) Compensation of employees
2) Operating surplus
3) Mixed income of self employed
4) Net factor income from abroad
5) All the above
Answer-5
Q3. Which of the following is not the benefit of Basic income?
1) Eliminates the unemployment trap
2) Clarifies the tax code
3) Greatly reduces fraud
4) Decreasing bargaining power for workers
5) Reduce illegal immigration
Answer-4
Q4. Which of the following statement is not a part of Basic Income?
1) Withdrawable
2) Unconditional
3) Right of Citizenship
4) Automatic
5) Individuality
Answer-1
Q5. What is the full form of IIP?
1) Index of Individual Product
2) Index of Industrial Production
3) Index of Indigenous Product
4) Index of International Production
5) Index of Incoming Production
Answer-2
Q6. The formula of GVA is-
1) GVA = NDP + subsidies - (direct, sales) taxes
2) GVA = GDP + Income from abroad - (direct, sales) taxes
3) GVA = GDP + subsidies - (direct, sales) taxes
4) GVA = GNP + subsidies - (direct, sales) taxes
5) GVA = NNP + subsidies - (direct, sales) taxes
Answer-3
Q7. What is the present GDP forecast of India by IMF?
1) 7.4%
2) 7.5%
3) 7.6%
4) 7.7%
5) 7.9%
Answer-2
Q8. What is the rank of India in the Human Development Index around the world?
1) 133rd
2) 130th
3) 155th
4) 150th
5) 145th
Answer-2
Q9. The Base year of GDP is-
1) 2002-03
2) 2004-05
3) 2011-12
4) 2012-13
5) 2013-14
Answer-3
Q10. The CSO is located at -
1) Mumbai
2) Kolkata
3) Chennai
4) Pune
5) Delhi
Answer-5
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