1.
As of 2025, India is the _______ largest economy in the world (as measured by nominal GDP).
2.
If C = Consumption, I = Investment, G = Government spending, Ex = exports & Im = Imports, then GDP =
3.
What was the limit of poverty line suggested by the National Planning Committee in 1938 on the basis of minimum livelihood level?
4.
Calculate a country’s GDP if for the year, consumer spending is $400 million, government spending is $150 million, investment by businesses is $80 million, exports are $35 million and imports are $40 million.
5.
Which of the following is the indicator criteria to represent the standard of living in a country?
6.
What is Net National Product?
7.
Who is the author of the book, ‘Poverty and Un-British Rule in India’?
8.
Which sector has the highest percentage share of goods exports in the annual GDP (at current prices) for the year 2020-21?
9.
Value of Total Goods and Services Produced in a country is its...............
10.
Personal Income − Personal tax payments − Non-tax payments =
11.
Calculate country’s GDP if for the year, Consumer spending is $900 million, Government spending is $250 million, Investment by businesses is $180 million, Exports are $85 million and Imports are $100 million.
12.
According to the National Multidimensional Poverty Index Baseline Report Published by NITI Aayog in the year 2021, what percentage of the population living in urban areas is poor?
13.
While calculating Net Economic Welfare (NEW), which of the following items is subtracted from GNP?
14.
Consider the following statements related to unemployment in India:
(a) Seasonal unemployment is mainly found in
urban areas
(b) Educated unemployment people are
mainly found in the rural areas of India.
(c) High crop intensity is desirable to reduce
unemployment in the rural economy.
Which of the given statements is/are correct?
15.
Which of the following is false about minimum wages?
16.
Match the items in the list with the formula in the list.
Measurement of National Income Formula
GNP d. GNP - Depreciation
NNP a. C + I + G + Net Ex
GDP b. GDP - Depreciation
NDP c. GDP + Net factor
income from abroad
17.
‘M’ in BIMARU stands for which state?
18.
Which is the parameter for the economic development?
19.
Which of the following assumptions is made to determine the level of aggregate demand for final goods in the economy?
I. In the short run, we assume a fixed final
commodity price and a fixed interest rate.
II. The entire supply is considered to be
perfectly elastic
20.
In the estimation of national income, which of the following items will be subtracted from NNP at market price?
21.
What percentage of India’s population is employed in agriculture?
22.
Income of the state which arises out of the property left by the people without a legal heir is called _________.
23.
Sectoral distribution of GDP index measures…..
24.
GDP deflator is equal to _________
25.
Which of the following institutions conducts the survey on employment and unemployment?
26.
If for the year a country’s GDP was $990 million, consumer spending was $630 million, investment by businesses was $110 million, exports were $55 million and imports were $45 Million, calculate government spending?
27.
Economists define unemployed person as one who is not able to get even 1 hour of work in......
28.
Which of the following is not a method of estimating national income?
29.
Depreciation is loss in value of……….
30.
The national poverty line for 2011-12 was estimated at _________ per capital per month for rural areas of India.
31.
Which Committee’s recommendations are being followed for estimating Poverty Line in India?
32.
Which of the following is true?
33.
According to the standard census definition, who of the following can be classified as a main worker in India?
34.
The aggregate value of goods and services produced in an economy can be calculated by three methods: income method, expenditure method and ––––– method
35.
The economist who for the first time scientifically determined National Income in India is-
36.
Which of the following areas make the largest contribution to national income in India?
37.
Dadabhai Naoroji was the first person to discuss the concept of ............. in preindependence India.
38.
Which of the following statements is correct regarding the demand curve?
I. It is a graphical depiction of the demand
function
II. It reveals the quantity demanded by the
consumer at each price.
39.
Net National Product at market prices– Net indirect taxes =
40.
Unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand is called
41.
Which of the following is the incorrect order of concepts of national income from broad to narrow?
42.
In which type of unemployment a person contributes less than his capacity?
43.
The sum of production in the primary, secondary and tertiary sectors of the Indian Economy gives the value of:
44.
_______ is an indicator which is used for analysing the occupational structure and unemployment in India?
45.
In economic terms what do we mean by 'intermediate goods'?
46.
Final goods are divided into how many classes?
48.
Letter D in GDP stands for __________ in economics.
49.
The GDP deflator is also called :
50.
Which is a subsistence factor used to measure the poverty line in India?
