Q41. The Largest Component of National Income is
[A] Corporate Profits
[B] Rental Income
[C] Compensation of Employees
[D] Proprietors Income
Q42. The main source of National Income in India is
[A] Industrial Sector
[B] Trade Sector
[C] Service Sector
[D] Agriculture
Q43. Revenue Investment in public work is known as
[A] capital expenditure
[B] current expenditure
[C] expenditure
[D] expenditure and current expenditure both
Q44. Which among the following is the exclusive jurisdiction of the State Government ?
[A] Income Tax
[B] Corporation Tax
[C] Sales Tax
[D] Custom Duty
Q45. Which among the following can best define the Neolithic Revolution?
[A] Milk Revolution
[B] Green Revolution
[C] Agricultural Revolution
[D] Technology Revolution
Q46. A market situation when firms sell similar but not identical products is termed as
[A] imperfect competition
[B] monopolistic competition
[C] oligopoly
[D] perfect competition
Q47. The Standard of living in a country is represented by its
[A] Per Capita Income
[B] Unemployment Rate
[C] Poverty Ratio
[D] National Income
Q48. Who wrote a book describing the theory of economic drain of India during British rule
[A] Jawaharlal nehru
[B] Late lajpat rai
[C] Dadabhai naoroji
[D] Mahatma Gandhi
Q49. Which one of the following can be called as a part of the Service Sector?
[A] Banking
[B] Coal mines
[C] Agriculture
[D] Textile Mills
Q50. Nature of unemployment in agriculture in India is
[A] Disguised
[B] Seasonal
[C] both ‘a’ and ‘b’
[D] None of these