EVALUATION
1. GNP equals
a) NNP adjusted for inflation
b) GDP adjusted for inflation
c) GDP plus net property income from abroad
d) NNP plus net property income or abroad
Ans: (c)
2. National Income is a measure of
a) Total value of money
b) Total value of producer goods
c) Total value of consumption goods
d) Total value of goods and services
Ans: (d)
3. Primary sector consist of
a) Agriculture
b) Automobiles
c) Trade
d) Banking
Ans: (a)
4. ______ approach is the value added by each
intermediate good is summed to estimate the value of the final good.
a) Expenditure approach
b) Value added approach
c) income approach
d) National Income
Ans: (b)
5. Which one sector is highest employment in the
GDP.
a) Agricultural sector
b) Industrial sector
c) Service sector
d) None of the above.
Ans: (c)
6. Gross
value added at current prices for services sector is estimated at ______ lakh
crore in 2018-19.
a) 91.06
b) 92.26
c) 80.07
d) 98.29
Ans: (b)
7. India
is ______ larger producer in agricultural product.
a) 1st
b) 3rd
c) 4th
d) 2nd
Ans: (d)
8. India’s
life expectancy at birth is ______ years.
a) 65
b) 60
c) 70
d) 55
Ans: (a)
9. Which
one is a trade policy?.
a) irrigation policy
b) import and export policy
c) land-reform policy
d) wage policy
Ans: (b)
10. Indian
economy is
a) Developing Economy
b) Emerging Economy
c) Dual Economy
d) All the above
Ans: (a)
1. Service is the primary sector in India.
2. GDP is the indicator of Economic health of an economy.
3. Secondary sector otherwise called as
1. Electricity/ Gas and Water – National Income
/Population
2. Price policy – Gross Domestic Product
3. GST – Industry Sector
4. Per capita income – Agriculture
5. C + I + G + (X-M) – Tax on goods and service
Answer:
1. Electricity/ Gas and Water – Industry Sector
2. Price policy – Agriculture
3. GST –
4. Per capita income – National Income /Population
5. C + I + G + (X-M) – Gross Domestic Product
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