Description : How much the primary sector contributes to India’s national income? (a) 20 percent (b) 53 percent © 14 percent (d) 24 percent.
Last Answer : © 14 percent
Description : The contribution of agricultural sector is decreasing in India’s economy then what conclusion can be drawn? (a) India is growing towards a developed economy. (b) India is growing towards a developing economy. © India is growing towards a less developed economy. (d) None of the above.
Last Answer : (a) India is growing towards a developed economy.
Description : In India agricultural income is calculated by (a) Income method (b) Output method © Expenditure method (d) None of them.
Last Answer : (b) Output method
Description : From which sector is the largest contribution in India’s National Income? -General Knowledge
Last Answer : The answer is 'Tertiary sector'
Description : From which sector is the largest contribution in India’s National Income? -Do You Know?
Last Answer : answer:
Description : Which of the statements is correct about India's national income? (1) Percentage share of agriculture is higher than services (2) Percentage share of industry is higher than agriculture (3) ... higher than industry (4) Percentage share of services is higher than agriculture and industry put together
Last Answer : (4) Percentage share of services is higher than agriculture and industry put together Explanation: The services sector has the largest share in the GDP, accounting for 55% in 2007, up from 15% in 1950. ... allied sectors like forestry, logging and fishing ac-counted for 15.7% of the GDP in 2009-10.
Last Answer : Percentage share of services is higher than agriculture and industry put together
Description : Which industrial sector promotes small-scale businesses and Entrepreneurship, and has lower barriers to market entry? A. Service. B. Manufacturing. C. Distribution. D. Agriculture.
Last Answer : A. Service.
Description : In India, disguised unemployment is generally observed in - (1) the Agricultural sector (2) the Factory sector (3) the Service sector (4) All these sectors
Last Answer : (1) the Agricultural sector Explanation: As the word suggests, disguised unemployment refers to a situation when a person is apparently employed, but in effect unemployed. It is a ... in reality a sufficient number of them are unemployed. Their contribution regarding production is negligible.
Description : The law of diminishing returns applies to - (1) All sectors (2) Industrial sector (3) Agricultural sector (4) Service sector
Last Answer : (1 ) All sectors Explanation: The classical economists were of the opinion that - the law of diminishing returns applies only to agriculture and to some extractive industries, such as mining, fisheries urban land, etc. However, it is applicable to other sectors such as manufacturing as well.
Description : In India, disguised unemployment is generally observed in (1) the Agricultural sector (2) the Factory sector (3) the Service sector (4) All these sectors
Last Answer : the Agricultural sector
Description : The law of diminishing returns applies to (1) All sectors (2) Industrial sector (3) Agricultural sector (4) Service sector
Last Answer : All sectors
Description : ’Infant industry argument’ in international trade is given in support of (a) Granting protection (b) Free trade © Encouragement to export oriented small and tiny industry (d) None of the above.
Last Answer : (a) Granting protection
Description : Which bank is called lender of the last resort? (a) Agricultural bank. (b) Industrial bank. © Commercial bank. (d) Central bank.
Last Answer : (d) Central bank.
Description : Which bank deals with short term credit? (a) Agricultural Bank. (b) Industrial Bank. © Commercial Bank. (d) None of these.
Last Answer : © Commercial Bank.
Description : Which bank enjoys monopoly power of note issue? (a) NABARD (b) Agricultural bank © Industrial bank (d) Central bank.
Description : Which bank is called lender of the last resort? (a) Agricultural bank (b) Industrial bank © Commercial bank (d) Central bank
Last Answer : (d) Central bank
Description : Which type of bank deals with short term credit? (a) Agricultural bank (b) Industrial bank © Commercial bank (d) None of these
Last Answer : © Commercial bank
Description : Per capita income is calculated by dividing total national income by (a) Total population (b) Total savings © Total depreciation (d) Total investment.
Last Answer : (a) Total population
Description : Which is not added in the calculation of national income in India? (a) The value of goods and services. (b) The sold value of old fridge. © Services rendered by the housewives (d) Both (b) and (c)
Last Answer : (d) Both (b) and (c)
Description : If an increase in investment leads to a bigger increase in national income (a) Accelerator (b) Aggregate demand © Monetarism (d) Multiplier
Last Answer : (d) Multiplier
Description : An increase in investment is caused by (a) Lower interest rates (b) Expectations of lower national income © A decrease in the marginal propensity to consume (d) An increase in withdrawals
Last Answer : (a) Lower interest rates
Description : How much is the contribution of manufacturing sector to the national income of the country? -SST 10th
Last Answer : Over the last two decades, the share of manufacturing sector has stagnated at 17% of GDP. Out of a total of 27 per cent for the industry which includes 10 per cent for mining, ... . With appropriate policy intervention by the government, manufacturing can achieve its target over the next decade.
Description : Terms of trade in developing countries are generally unfavourable because (a) They export manufacturing products. (b) They export primary products. © They export few goods. (d) Both (a) and (c).
Last Answer : (b) They export primary products.
Description : The state financial corporation in the State bank of India gives assistance especially to A) Medium and Small-scale Industries B) Large-scale Industries C) Cottage Industry D) Agricultural Farms
Last Answer : Answer: A
Description : What is the largest bank in India? (a) United bank of India (b) Punjab National Bank. © Bank of India. © State Bank of India.
Last Answer : © State Bank of India.
Description : 'Mixed economy' refers to - (1) the co-existence of heavy, small scale and cottage industries (2) the promotion of agriculture as well as cottage industries (3) the co-existence of rich as well as poor (4) the co-existence of public as well as private sector
Last Answer : (4) the co-existence of public as well as private sector Explanation: Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies.
Description : The self-employed in a developing country who are engaged in small scale labour intensive work belong to the - (1) Informal sector (2) Primary sector (3) Secondary sector (4) Tertiary sector
Last Answer : (2) Primary sector Explanation: Such a scenario is seen in the case of primary economic activities such as agriculture in the developing countries like India. Most of the primary activities are labour ... volume of man-power substitutes the lack of technology. Besides, farmers are 'self-employed.'
Description : ‘Mixed economy’ refers to (1) the co-existence of heavy, small scale and cottage industries (2) the promotion of agriculture as well as cottage industries (3) the co-existence of rich as well as poor (4) the co-existence of public as well as private sector
Last Answer : the co-existence of public as well as private sector
Description : The self-employed in a developing country who are engaged in small scale labour intensive work belong to the (1) Informal sector (2) Primary sector (3) Secondary sector (4) Tertiary sector
Last Answer : Primary sector
Description : 'NABARD' is associated with the development of - (1) agricultural sector and rural areas (2) heavy Industries (3) banking sector (4) real estates
Last Answer : (1) agricultural sector and rural areas Explanation: National Bank for Agriculture and Rural Development (NABARD) has been accredited with "matters concerning policy, planning and ... providing investment and production credit for promoting the various developmental activities in rural areas.
Description : ‘NABARD’ is associated with the development of (1) agricultural sector and rural areas (2) heavy industries (3) banking sector (4) real estates
Last Answer : agricultural sector and rural areas
Description : One of the criticism levelled against the development strategy in India is that ............ .should have been given greater importance than industry. A. agricultural sector B. private sector C. public sector D. hilly sector
Last Answer : A. agricultural sector
Description : The main advantage of specialization results from (a) The economies of large scale production (b) The specializing country behaves like a monopoly © Smaller production runs resulting in lower unit costs. (d) High wages paid to foreign workers.
Last Answer : (a) The economies of large scale production
Description : .Free trade is based on the principle of (a) Comparative advantage (b) Comparative scale © Economies of advantage (d) Production possibility advantage
Last Answer : (a) Comparative advantage
Description : In agricultural sector net value added is estimated by A. Income method B. Expenditure method C. Production method D. All the three
Last Answer : C. Production method
Description : In agricultural sector net value added is estimated by (a) Income method ; (b) Expenditure method ; (c) Production method ; (d) All the three
Last Answer : ; (c) Production method ;
Description : Which of the following is a part of tertiary sector? (1) Power and transportation (2) Animal Husbandry (3) Cotton manufacturing (4) Cultivation of crops
Last Answer : (1) Power and transportation Explanation: The service sector, also called the tertiary sector. is one of the three parts of the economy in the Threesector hypothesis. It involves the provision of ... retailing, or may involve the provision of a service, such as in pest control or entertainment.
Description : What is included in the Tetiary sector? (1) Banking (2) Manufacturing (3) Forestry (4) Mining
Last Answer : (1) Banking Explanation: The led 'my industry is the segment of the economy that provides services to its consumers. It includes a wide range or activities that service based and give ... sectors are the secondary sector (manufacturing), and the primary sector (agriculture and allied activities).
Last Answer : Power and transportation
Description : What is included in the Tetiary sector ? (1) Banking (2) Manufacturing (3) Forestry (4) Mining
Last Answer : Banking
Description : A price consumption curve, traces the utility maximizing combination of two goods when (a) the price of one good changes (b) the consumer’s preference change © the consumer’s income changes (d) the demand curve for one of the goods shifts rightward
Last Answer : (a) the price of one good changes
Description : Marginal utility means (a) change in total utility due to one unit change in consumption (b) change in total utility due to no change in consumption © change in utility due to change in price (d) change in utility due to change in income
Last Answer : (a) change in total utility due to one unit change in consumption
Description : If consumer’s income increases, the demand for normal product X (a) will remain unchanged (b)will necessarily increase © will necessarily decrease (d) may increase or decrease
Last Answer : (b)will necessarily increase
Description : The quantity demanded depends on (a) its price (b) income © price of other goods (d) all of the above
Last Answer : (d) all of the above
Description : Price elasticity of demand shows the relationship between demand for a commodity and (a) price of other commodities (b) price of that commodity © tastes and preferences of the consumer (d) income of the consumer
Last Answer : (b) price of that commodity
Description : The balance of payments equals (a) The difference between household spending over earnings (b) The difference between government expenditure over its income © A measure of the value of economic ... a country and rest of the world (d) The difference between inflation and unemployment.
Last Answer : © A measure of the value of economic transactions between residents of a country and rest of the world
Description : The terms of trade measures (a) the income of a country compared to another (b) The GDP of a country compared to another © The quantity of exports of a country compared to another (d) Export prices compared to import prices.
Last Answer : (d) Export prices compared to import prices.