Which one of the following is the most appropriate method to measure the economic growth of a country?


A) National Income

B) Net National Produce

C) Gross Capital Formation

D) Gross Domestic Product

Correct Answer:
D) Gross Domestic Product


Part of solved Nature of Indian Economy questions and answers : General Knowledge >> Economy >> Nature of Indian Economy








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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.
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2). Consider the following statements.
1. About one-third of GDP in India is contributed by the agricultural sector.
2. More than 60% of the country's GDP is contributed by the service 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
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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
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4). A country's natural capital includes all of the following except
A). forest
B). water
C). roads
D). minerals
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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
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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 lists
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

Below the Codes are given in A B C D order
A). 2 4 3 1
B). 2 3 4 1
C). 4 3 1 2
D). 4 1 3 2
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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
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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). Phillips Curve
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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
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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
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