Structure of the Indian Economy (Civil Service Examination), Questions and Answers, GK for UPSC, Bank PO & All Exams

1. In an open economy, the national income (Y) of the economy is:
(C, I, G X, M stand for Consumption, Investment, Govt. Expenditure, total exports and total imports respectively.) [2000]

a. Y = C + I + G + X

b. Y = I + G -X + M

c. Y = C + I- G + (X-M)

d. Y = C + I- G + (X-M)

2. Since 1980, the share of the tertiary sector in the total GDP of India has: [1999]

a. shown an increasing trend

b. shown a decreasing trend

c. remained constant

d. been fluctuating

3. According to the 1991 Census, the highest percentage of population in India is to be found in the age group of: [1995]

a. 60 years and above

b. 35 to 55 years

c. 25 to 34 years

d. 5 to 14 years

4. A consumer is said to be in equilibrium, if: [1998]

a. he is able to fulfill his need with a given level of income

b. he is able to live in full comforts with a given level of income

c. he can fulfill his needs without consumption of certain items

d. he is able to locate new sources of income

5. Persons below the poverty line in India are classified as such based whether: [1999]

a. they are entitled to a minimum prescribed food basket

b. they get work for a prescribed minimum number of days in a year

c. they belong to agricultural labourer household and the scheduled caste/tribe social group

d. their daily wages fall below the prescribed minimum wages

6. Which of the following pairs are correctly matched? [1995]
1. Increase in-Monetary expansion
2. Low import growth rate in India-Recession in Indian industry
3. Euro-issues-Shares held by Indian companies in European countries
4. Portfolio investment-Foreign institutional investors.
Codes:

a. 1, 2 and 4

b. 3 and 4

c. 1, 2 and 3

d. 1, 2, 3 and 4

7. The Narasimham Committee for financial sector Reforms has suggested reduction in [1995]

a. SLR and CRR

b. SLR, CRR and Priority Sector Financing

c. SLR and Financing to capital goods sector

d. CRR, Priority Sector Financing and Financing to capital goods sector

8. Indian Human Development Report does not give for each sample village: [2000]

a. Infrastructure and Amenities Index

b. Education Related Index

c. Health Related Index

d. Unemployment Related Index

9. Human Development Index comprises literacy rates, life expectancy at birth and [1997]

a. Gross National Product per head in the US dollars

b. Gross Domestic Product per head at real purchasing power

c. Gross National Product in US dollars

d. National Income per head in US dollars

10. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). [1997] Assertion (A): The emergence of economic globalism does not imply the decline of socialist ideology.
Reason (R): The ideology of socialism believes in Universalism and globalism.
In the context of the above two statements which one of the following is correct?

a. Both A and R are true and R is the correct explanation of A

b. Both A and R are true but R is not the correct explanation of A

c. A is true but R is false

d. A is false but R is true

General Knowledge

1. World Geography -Test-01

2. World Geography -Test-02

3. World Geography -Test-03

4. Geography of India -Test-01

5. Geography of India -Test-02

6. Geography of India -Test-03

7. Geography of India -Test-04

8. Geography of India -Test-05

9. History of India - Test - 01

10. History of India - Test - 02

11. History of India - Test - 03

12. History of India - Test - 04

13. History of India - Test - 05

14. History of India - Test - 06

15. History of India - Test - 07

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