Structure and Characteristics of Indian Economy – 1 – 1

1. Which one of the following years has been adopted as a base year for estimating national income of the after 2010 ?

(a) 1999-2000
(b) 2002-2003
(c) 2004-2005
(d)  2008-2009

Answer
Answer : (c)

Explanation
No answer description available for this question. Let us discuss.

2. Who presented the first Union Budget of Independent India ?

(a) Morarji Desai
(b) John Mathai
(c) RK Shanmukham Chetty
(d) NK Chanda

Answer
Answer : (c)

Explanation
No answer description available for this question. Let us discuss.

3. 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

Answer
Answer : (b)

Explanation
No answer description available for this question. Let us discuss.

4. 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

Answer
Answer : (d)

Explanation
No answer description available for this question. Let us discuss.

5. In which of the following types of the economy are the factors of production owned individually ?

(a) Socialist
(b) Capitalist
(c) Mixed
(d) Both ‘a’ and ‘b’

Answer
Answer : (b)

Explanation
No answer description available for this question. Let us discuss.

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