Q31. In India, Agriculture income is calculated by
[A] Expenditure method
[B] Commodity flow method
[C] Output method
[D] Input method
Q32. Which is the highest form of unemployment in India?
[A] structural
[B] cyclical
[C] casual
[D] seasonal
Q33. Cash Reserve Ratio (CRR) is calculated as a percentage of each bank’s
[A] net demand and time liabilities
[B] rate of inflation
[C] credit growth
[D] savings of customers
Q34. __________ was conceived on the principle of ‘one nation, one tax and one market’.
[A] Demonetization
[B] ATM cards
[C] The Goods and Service Tax
[D] Salaries of defence personals
250+ Indian Economy Quiz Questions & Answers
Q35. Which company has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company?
[A] Hindustan Petroleum
[B] GAIL
[C] Indian Oil Corporation
[D] SAIL
Q36. The minimum forest cover to maintain ecological balance in the plains is
[A] 40%
[B] 50%
[C] 33%
[D] 25%
Q37. When development in economy takes place, the share of tertiary sector in National Income?
[A] keeps on increasing
[B] remains constant
[C] first rises and then falls
[D] first falls and the rises
Q38. The State which has the highest percentage of literate unemployed in India is
[A] Manipur
[B] Kerala
[C] Gujarat
[D] Andhra Pradesh
Q39. Who said ‘Supply creates its own demand’ ?
[A] J. B. Say
[B] Adam Smith
[C] Ricardo
[D] Marshall
Q40. GDP at factor cost is
[A] NNP plus depreciation allowances
[B] GDP minus indirect taxes plus subsidies
[C] GDP minus subsidies plus indirect taxes
[D] GNP minus depreciation allowances