A decrease in tax to GDP ratio of a country indicates which of the following ?
1. Slowing economic growth rate
2. Less equitable distribution of national income
Select the correct answer using the codes given below


A) Only 1

B) Only 2

C) Both 1 and 2

D) Neither 1 nor 2

Correct Answer:
D) Neither 1 nor 2


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








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Similar Questions
1). Consider the following statements
1. Average growth rate of the agriculture and allied services in Indian economy after independence is more than 4%.
2. After the economic liberalisation in 1991, the decline in share of agriculture in GDP has been balanced by an increase in share of 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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2). Which one among the following pairs is not correctly matched?
A). When total product increases at an increasing rate : Marginal product increases
B). When total product increases at a diminishing rate : Marginal product declines
C). When total product reaches its maximum : Marginal product becomes zero
D). When total product begins to decline : Marginal product becomes positive
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3). Consider the following
1. Equitable allocation of resources
2. Generation of employment
3. Tax concession to big corporates
4. Universalisation of Public Distribution System
Which of the public services given above is/are major factor/factors which can bring 'inclusive growth' in our country?
A). 1, 2, 3 and 4
B). 1, 2 and 3
C). 1, 2 and 4
D). 1, 3 and 4
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4). Urbanisation in India is very poor as compared to other developed countries. Which one of the following can be the exact cause of the high population Increase in urban areas?
A). Natural increase of urban population
B). Net migration from rural areas
C). Lack of coverage of rural masses under social benefit programmes
D). Both 'a' and 'b' are the exact causes for population increase in urban areas
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5). A market in which there are large numbers at sellers of a particular product, but each seller sells some. What differentiated but close products is termed as.
A). perfect Competition
B). Monopoly
C). Monopolistic competition
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6). Consider the following statements
1. More than 50% of the Net Domestic Product is contributed by the unorganised sector of Indian economy.
2. Less than one fourth of Net Domestic Product is contributed by the organised sector of Indian economy.
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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7). Which one of the following institutions prepares the National Income estimates in India?
A). Planning Commission
B). Reserve Bank of India
C). Central Statistical Organisation
D). Indian Statistics Institute
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8). Which one of the following states has the highest percentage of poverty according to the Suresh Tendulkar Commission in India?
A). Bihar
B). West Bengal
C). Odisha
D). Assam
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9). Consider the following statements
1. The rate of growth of Real Gross Domestic Product has steadily increased in the last decade.
2. The Gross Domestic Product at market prices (In rupees) has steadily increased in the last decade.
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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10). Which of the following deals with microeconomies analysis?
A). General price level
B). General supply
C). Market demand
D). Consumer demand
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