Q661. The Hindu rate of growth refers to the growth rate of
A Per Capita Income
B National Income
C Population
D Literacy
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Correct answer: National Income
Q662. The most appropriate measure of a country’s economic growth is its
A Gross Domestic Product
B Net Domestic Product
C Net National Product
D Per Capita Real Income
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Correct answer: Per Capita Real Income
Q663. Which of the following is a sign of economic growth?
A An increase in national income at constant prices during a year
B A sustained increase in real per capita income
C An increase in national income at current prices overtime
D An increase in national income along with increase in population
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Correct answer: A sustained increase in real per capita income
Q664. The Government of India has decided to revise the base for estimating the GDP from
A 2001-02 to 2010-11
B 2004-05 to 2013-14
C 2004-05 to 2011-12
D 2001-02 to 2011-12
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Correct answer: 2004-05 to 2011-12
Q665. Indicate the vital change in the measurement of National Income of India.
A Base year has been changed from 2004-05 to 2011-12
B Calculation has been changed from factor cost to market prices
C Calculation has been changed from current prices to constant prices
D Both the base year and calculation method have been changed
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Correct answer: Both the base year and calculation method have been changed
Q666. Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India?
A Service, Industry, Agriculture
B Service, Agriculture, Industry
C Industry, Service, Agriculture
D Industry, Agriculture, Service
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Correct answer: Service, Industry, Agriculture
Q667. Which among the following sectors contribute most to GDP of India?
A Primary sector
B Secondary sector
C Tertiary sector
D All three contribute equally
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Correct answer: Tertiary sector
Q668. The national income of a country for a given period is equal to the
A Total value of goods and services produced by the nationals
B Sum of total consumption and investment expenditure
C Sum of personal income of all individual
D Money value of final goods and services produced
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Correct answer: Money value of final goods and services produced
Q669. Who among the following was the Chairman of National Committee appointed by Government of India in 1949?
A C.R. Rao
B P.C. Mahalanobis
C V.K.R.V. Rao
D K.N. Raj
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Correct answer: P.C. Mahalanobis
Q670. In India, National Income is computed by which of the following?
A Planning Commission
B Ministry of Finance
C Central Statistical Organisation
D Reserve Bank of India
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Correct answer: Central Statistical Organisation
Q671. 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 given two statements, which of the following is correct? Code
A Both (A) and (R) are true and (R) is the correct explanation of
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
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Correct answer: Both (A) and (R) are true and (R) is the correct explanation of
Q672. Economically, one of the results of the British rule in India in the 19th century was the
A increase in the export of Indian handicrafts
B growth in the number of Indian owned factories
C commercialisation of Indian agriculture
D rapid increase in the urban population
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Correct answer: commercialisation of Indian agriculture
Q673. Which among the following is a characteristic of underdevelopment?
A Vicious circle of poverty
B Raising mass consumption
C Growth of industries
D High rate of urbanisation
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Correct answer: Vicious circle of poverty
Q674. ‘Underdeveloped countries are the slums of world economy’ the statement is given by
A Ragnar Nurkse
B A.N. Cairncross
C Colin Clark
D Jagdish Bhagwati
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Correct answer: A.N. Cairncross
Q675. The credit of developing the concept of modern economic growth goes to
A Arthur Lewis
B Michael P. Todaro
C Gunnar Myrdal
D Simon Kuznet
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Correct answer: Simon Kuznet
Q676. Mixed economy in India means
A Co-existence of large and small scale industries
B Foreign collaboration in economic development
C Co-existence of public and private sector
D None of the above
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Correct answer: Co-existence of public and private sector
Q677. The Indian Economy is a
A Liberal economy
B Socialist economy
C Mixed economy
D None of the above
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Correct answer: Mixed economy
Q678. Which one of the following is the major feature of the Indian Economy?
A A capitalist economy
B A socialist economy
C A mixed economy
D None of the above
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Correct answer: A mixed economy
Q679. Who among the following had propounded the concept of ‘Trusteeship’?
A M.N. Roy
B Aurobindo Ghosh
C Mahatma Gandhi
D G.K. Gokhale
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Correct answer: Mahatma Gandhi
Q680. The Gandhian economy is based on the principle of
A Competition
B Trusteeship
C State control
D None of the above
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Correct answer: Trusteeship