CA CPT - Basics of General Economics - General Profile of Indian Economy

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Question - 1

In an under-developed economy ____________ is the main occupation of the people.

  • A Agriculture
  • B Industry
  • C Services
  • D Joblessness

Question - 2

In an under-developed economy, a majority of the population in engaged in -

  • A Agriculture and allied activities
  • B Industry Sector
  • C Services Sector
  • D None of the above

Question - 3

In an under-developed economy, Poverty is-

  • A Not found at all
  • B Minimum
  • C Moderate
  • D Maximum and wide-spread

Question - 4

In an under-developed economy, the people's ability to save is-

  • A Low
  • B High
  • C Moderate
  • D Controlled by Government Policies

Question - 5

In an under-developed economy, the people's ability to save is low, due to -

  • A Low levels of income
  • B Wide-spread poverty
  • C Higher propensity to consume
  • D All of the above

Question - 6

In an under-developed economy, the rate of Capital Formation and Investment is-

  • A Low
  • B High
  • C Moderate
  • D Controlled by Government Policies

Question - 7

In an under-developed economy, the rate of Capital Formation and Investment is low due to-

  • A Low levels of Savings
  • B Lack of institutions to mobilize Savings
  • C Lack of proper Entrepreneurial Class
  • D All of the above

Question - 8

In an under-developed economy, the rate of Population Growth is-

  • A Low
  • B High
  • C Moderate
  • D Nothing can be said

Question - 9

In an under-developed economy, the majority of the population is-

  • A Dependent Population
  • B Income Earning Population
  • C Tax Payers
  • D Literate

Question - 10

In an under-developed economy, the majority of the population -

  • A Is dependent population
  • B Is illiterate population
  • C Has a traditional Social Life
  • D All of the above
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