1. In 1950-51, approximately what percent was the contribution of the industrial sector in the gross domestic product?
2. ‘M’ in BIMARU stands for which state?
3. What is the economic impact of increase in productivity of firms?
4. GDP in economics, the letter D represents ____
5. Which of the following types of unemployment is mostly found in urban areas?
6. Value of Total Goods and Services Produced in a country is its...............
7. Economists define unemployed person as one who is not able to get even 1 hour of work in......
8. What is Net National Product?
9. Personal Income − Personal tax payments − Non-tax payments =
10. Which of the following is the correct sequence of broad and narrow concepts of National Income?
11. If for the year a country's GDP was $1315 million, consumer spending was $900 million, investment by businesses was $180 million, exports were $ 85 million and imports were $ 100 million, calculate government spending?
12. In which type of unemployment a person contributes less than his capacity?
13. Which of the following is the incorrect order of concepts of national income from broad to narrow?
14. The basis of determining dearness allowance to employees in India is…………
15. Which of the following is true?
16. What was the limit of poverty line suggested by the National Planning Committee in 1938 on the basis of minimum livelihood level?
17. Why it is important to distinguish between final and intermediate goods/services in national income accounting?
18. 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
19. What percentage of India’s population is employed in agriculture?
20. In an economy there could be ________ sector/sectors, which are dominant in terms of total production & employment.
21. Gross Domestic Product + Net factor income from abroad =
22. Which of the following areas make the largest contribution to national income in India?
23. Which is the parameter for the economic development?
24. The aggregate value of goods and services produced in an economy can be calculated by three methods: income method, expenditure method and ––––– method
25. As of 2025, India is the _______ largest economy in the world (as measured by nominal GDP).
26. By subtracting _________ from GNP at MP, we get GDP at MP.
27. In economic terms what do we mean by 'intermediate goods'?
28. Gross National Product is equal to :
29. GDP deflator is equal to _________
30. National Income is compiled by
31. Dadabhai Naoroji was the first person to discuss the concept of ............. in preindependence India.
32. Unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand is called
33. National Income–Undistributed profits–Net interest payments made by households– Corporate tax + Transfer payments to the households from the government and firms is.....
34. .......... is the unemployment which exists in any economy due to people being in the process of moving from one job to another.
35. Sectoral distribution of GDP index measures…..
36. Which of the following states had the highest
37. In the estimation of national income, which of the following items will be subtracted from NNP at market price?
38. What was India's per capita net national income (estimated) during 2019-20?
39. According to the standard census definition, who of the following can be classified as a main worker in India?
40. 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?
41. _______ is an indicator which is used for analysing the occupational structure and unemployment in India?
42. .......... is the total value of final goods and services produced within a country's border. over a given time period.
43. Depreciation is an annual allowance for the wear and tear of
44. Which of the following is the indicator criteria to represent the standard of living in a country?
45. Which of the following is not taken into account to estimate national income?
46. Which Committee’s recommendations are being followed for estimating Poverty Line in India?
47. Net National Product at market prices– Net indirect taxes =
48. Which among the following is included in the gross domestic product?
49. It may be tempting to consider a country's higher level of Gross Domestic Product (GDP) as an index of the relative well-being of that country's people. But there are some reasons due to which this may not be correct. Which of the following is not one of these reasons?
50. 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.
