General Knowledge - Indian Economy

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Question - 1

India is regarded as a country of 'Demographic Dividend'. This is due to

  • A its high population in the age group below 15 years
  • B its high population in the age group of 15-64 years
  • C its high population in the age group above 65 years
  • D its high total population

Question - 2

Consider the following statements
1. About one-third of GDP in India is contributed by the agriculture sector.
2. More than sixty percent of the country's GDP is contributed by the services sector.
Which of the statements given above is/are correct?

  • A Only 1
  • B Only 2
  • C Both 1 and 2
  • D Neither 1 nor 2

Question - 3

Consider the following statements
1. Depreciation of the economy is correctly accounted in the Gross Domestic product.
2. Green GDP accounted the environmental degradation due to economic progression of a country.
Which of the statements given above is/are correct?

  • A Only 1
  • B Only 2
  • C Both 1 and 2
  • D Neither 1 nor 2

Question - 4

A country's natural capital includes all of the following except

  • A forest
  • B water
  • C roads
  • D minerals

Question - 5

Consider the following statements
1. More than one-third of world population lives in the low income economy countries.
2. More than three-quarters of the gross national income of the world is accounted for the high income economy countries.
Which of the statements given above is/are correct?

  • A Only 1
  • B Only 2
  • C Both 1 and 2
  • D Neither 1 nor 2

Question - 6

Match List I (Period) with List II (Growth rate of India's population) and select the correct answer using the codes given below the List

List I List II
A. 1891 to 1921 1. High growth with definite sign of slowing down and stabilisation
B. 1921 to 1951 2. Stagnant population growth
C. 1951 to 1981 3. Steady population growth
D. 1981 to 2011 4. Rapid high population growth
  • A A B C D 2 4 3 1
  • B A B C D 2 3 4 1
  • C A B C D 4 3 1 2
  • D A B C D 4 1 3 2

Question - 7

What percentage of the total population of the world resides in India, as estimated in 2011?

  • A 15
  • B 17.5
  • C 20
  • D 22.5

Question - 8

Which of the following is used for the measurement of distribution of income?

  • A Laffer Curve
  • B Engel's Law
  • C Gini-Lorenz Curve
  • D Philip Curve

Question - 9

Which one of the following sectors is the major contribution towards the Gross Domestic Saving in India in recent time?

  • A Public sector
  • B Private sector
  • C Corporate sector
  • D Household sector

Question - 10

Consider the following statements
1. Keynesian theory advocates a mixed economy with a large role of government and public sector.
2. J M Keynes had strongly supported the Laissez-Faire policy of capitalism.
Which of the statements given above is/are correct?

  • A Only 1
  • B Only 2
  • C Both 1 and 2
  • D Neither 1 nor 2