Q71. Which of the following organisations publishes an annual report titled Global Competitiveness Index?
[A] International Monetary Fund
[B] World Economic Forum
[C] World Bank
[D] Asian Development Bank
Q72. The First Five Year Plan was based on___________
[A] P.C . Mahalanobis Model
[B] Herold Domar Model
[C] Both the Above
[D] None of the above
Q73. __________ refers to money that has already been spent and which cannot be recovered.
[A] Opportunity cost
[B] Sunk cost
[C] Imputed cost
[D] Replacement cost
Q74. The purchase of shares and bonds of Indian companies by Foreign Institutional Investors is called ?
[A] NRI Investment
[B] Foreign Indirect Investment
[C] FDI
[D] Portfolio Investment
550+ Indian Economy Quiz Questions & Answers
Q75. The largest proportion of federal revenues comes from
[A] excise taxes
[B] personal income taxes
[C] borrowing
[D] social insurance taxes
Q76. States earn maximum revenue through
[A] commercial taxes
[B] land revenue
[C] custom revenue
[D] excise duties
Q77. An economic condition when there is one buyer and many sellers is called
[A] Perfect Competition
[B] Monopsony
[C] Monopsony
[D] Oligopoly
Q78. As the economy develops, the share of the tertiary sector in the GDP
[A] Decrease than Increase
[B] Decrease
[C] Remain Constant
[D] Increases
Q79. Which of the following best defines Net National Income?
[A] NDP – Depreciation
[B] GNP + Depreciation
[C] GDP – Depreciation
[D] GNP – Depreciation
Q80. Market imperfections of a country are reflected in
[A] India’s farming industry
[B] India’s dairy industry
[C] India’s mining industry
[D] India’s poultry industry