1. Which Committee’s recommendations are being followed for estimating Poverty Line in India?
2. Which of the following is an indicator of the financial health of a country?
3. In which type of unemployment a person contributes less than his capacity?
4. The economist who for the first time scientifically determined National Income in India is-
5. Final goods are divided into how many classes?
6. 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.
7. If for the year a country's GDP was $1315 million, consumer spending was $900 million, investment by businesses was $180 million, exports were 85millionandimportswere 100 million, calculate government spending?
8. When workers move from one job to another job is known as:………...
9. What was the limit of poverty line suggested by the National Planning Committee in 1938 on the basis of minimum livelihood level?
10. What was India's per capita net national income (estimated) during 2019-20?
11. In economic terms what do we mean by 'intermediate goods'?
12. The GDP deflator is also called :
13. People like small farmer and seasonal labourers, who regularly moves in and out of poverty called ...............
14. Disguised unemployment in India is mainly related to
15. Which among the following is included in the gross domestic product?
16. _______ is an indicator which is used for analysing the occupational structure and unemployment in India?
17. Dadabhai Naoroji was the first person to discuss the concept of ............. in pre-independence India.
18. 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.
19. Which of the following is false about minimum wages?
20. According to the standard census definition, who of the following can be classified as a main worker in India?
21. Which of the following correctly defines the method of calculating unemployment rate in India?
22. What percentage of India’s population is employed in agriculture?
24. The estimate of poverty line in India is based on the survey conducted by which of the following?
25. 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.
26. Sectoral distribution of GDP index measures…..
27. In an economy there could be ________ sector/sectors, which are dominant in terms of total production & employment.
28. Full employment is the level at which there is…….
29. According to the first Multidimensional Poverty index (MPI) prepared by NITI Aayog and released in November 2021, which of the following states emerged as the poorest state?
30. Economists define unemployed person as one who is not able to get even 1 hour of work in......
31. Depreciation is loss in value of……….
32. Which of the following institutions conducts the survey on employment and unemployment?
33. .......... is the unemployment which exists in any economy due to people being in the process of moving from one job to another.
34. Which of the following statements is/are correct regarding liquidity trap?
i. It is the point where speculative demand for money is infinitely inelastic and the liquidity preference curve becomes perfectly elastic.
ii. It is the point where speculative demand for money is infinitely elastic and the liquidity preference curve becomes perfectly inelastic.
iii. It is the point where speculative demand for money is infinitely elastic and the liquidity preference curve becomes perfectly elastic.
iv. It is the point where speculative demand for money and the liquidity preference curves are not related.
35. 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?
36. Who is the author of the book, ‘Poverty and Un-British Rule in India’?
37. The sum of production in the primary, secondary and tertiary sectors of the Indian Economy gives the value of:
38. 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
39. 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?
40. The national poverty line for 2011-12 was estimated at _________ per capital per month for rural areas of India.
41. Which of the following types of unemployment is mostly found in urban areas?
42. 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?
43. Unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand is called
44. National Income is compiled by
45. Which of the following is the indicator criteria to represent the standard of living in a country?
46. Which of the following states had the highest per capita income for the year 2019-2020?
47. ‘M’ in BIMARU stands for which state?
48. The National Multidimensional Poverty index 2021 (MPI) was released by which of the following?
49. Which is a subsistence factor used to measure the poverty line in India?
50. Which of the following is not taken into account to estimate national income?
