Indian Economy : General Knowledge Questions and Answers

Q91. Which one among the following states has the highest density of population?

[A] Kerala

[B] Punjab

[C] Uttar Pradesh

[D] Bihar

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Correct Answer: Bihar


Q92. Per Capita Income is Obtained by dividing National Income by

[A] Volume of the capital used

[B] Total population of the country

[C] Total working population

[D] Area of the country

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Correct Answer: Total population of the country


Q93. Excise duty is a tax levied on the

[A] Production of goods

[B] sale of goods

[C] Import of goods

[D] Export of goods

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Correct Answer: Production of goods


Q94. The ‘transformation curve’ is also known as the:

[A] production possibility curve

[B] indifference curve

[C] supply curve

[D] demand curve

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Correct Answer: production possibility curve


Q95. A higher ___________ index represents inequality in income distribution.

[A] CPI

[B] Gini

[C] NDP

[D] GDP

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Correct Answer: Gini


Q96. Which sector of Indian Economy has shown remarkable expansion during the last decade

[A] Terrrtiary sector

[B] Mining sector

[C] Secondary sector

[D] Primary sector

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Correct Answer: Terrrtiary sector


Q97. The Income elasticity demand for farm products is

[A] Very low in India

[B] High in India

[C] High supply and no demand

[D] No demand at all

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Correct Answer: Very low in India


Q98. The National Income of a country is

[A] Sum total of factor incomes

[B] Export minus Imports

[C] Surplus of public sector Undertaking

[D] Sum total of factor incomes

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Correct Answer: Sum total of factor incomes


Q99. Which of the following are the major state taxes in India?

[A] Customs duty

[B] Stamp duty and registration

[C] Income tax

[D] Corporation Tax

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Correct Answer: Stamp duty and registration


Q100. Which comes under the primary sector of the Indian economy?

[A] Banking

[B] Transport of Goods

[C] Dairy

[D] Sugar Industry

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Correct Answer: Dairy


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