Indian Economy multiple choice questions for UPSC, IAS, State PSC and other Exams

This page contains General Studies subject wise Multiple Choice Questions (MCQs) on Indian Economy including Macro and Micro Economy Budget, Financial Survey and Economy sectors like Banking, External Sector, Inflation etc. It really helps to take a look at these questions and even better if one try to solve them in timely manner.

These General Studies subject wise MCQs are completely based on syllabus and patter of different exams including UPSC CSE, State PSCs, SSC, CDS, CLAT and other competitive Exams.

11. 

Which of the following is/are true in respect to Indian Economy ?

1) India is the highest recipient of private remittance in the world.
2) India offers less external grants to other countries and International bodies then it receives.
3) Private remittance balance is part of calculating GNP.
4) External Grants balance is part of Calculating GNP.

1. 1 & 2 2. 1,2 & 4
3. 1,2 & 3 4. 1, 2, 3 and 4



12. 

Which of the following is used by IMF to rank nations in term of the volume at Purchasing Power Parity(PPP) ?

1. GNP 2. GDP
3. NDP 4. NNP



13. 

Which of the following is purest form of income of a Nation ?

1. GNP 2. GDP
3. NDP 4. NNP



14. 

Which of the following is/are true about Per Capita Income(PCI) ?

1) This is calculated by dividing GDP by population of the country.
2) This is calculated by dividing NNP by population of the country.
3) Higher the rate of depreciation, lower the CPI.
4) Depreciation does not mean a difference in PCI calculation.

1. 1 & 2 2. 2 & 3
3. 2 & 4 4. 1, 2 and 3



15. 

With respect to "Indian Economy" which of the following decided and revise Base Year ?

1. Finance Ministry 2. Central Statistisc Office
3. Reserve bank of India 4. Finance Secretary



16. 

Which of the following factor is/are considered while calculating GDP of India ?

1) Private Consumption.
2) Gross Investment.
3) Trade Balance.
4) Government Spending.

1. 1 & 2 2. 1,2 & 4
3. 3 & 4 4. 1, 2, 3 and 4



17. 

With respect to India's National Income Calculation which of the following is true ?

1) National Income is calculated on factor cost.
2) National Income is calculated on market cost.
3) National Income is calculated on constant price.
4) National Income is calculated on market price.

1. 1 & 2 2. 1,2 & 4
3. 2 & 3 4. 1, 2, 3 and 4



18. 

Human Development Report (HDR) and Human Development Index (HDI) is published by which of the following organisation ?

1. World Bank 2. UNICEF
3. United Nation(UN) 4. World Health Organisation(WHO)



19. 

Which of the following is true about Human Development Index(HDI).

1) It is presented by WHO.
2) Health, Education and Standard of living are three indication.
3) The index is prepared on the Scale of 1.
4) GDP is also part of the Index.

1. 1 & 2 2. 2 & 3
3. 2 & 4 4. 1, 2, 3 and 4



20. 

Which of the following is true about "Inflation" in Indian Economy ?

1) Inflation is measured "point to point".
2) It can be represented in percentage form only and not in digits.
3) Rate of inflation is measured on the basis of price indices(WPI/CPI).
4) Inflation increases when the price of a particular good goes up and stays up for reasonable term.

1. 1 & 2 2. 1,2 & 4
3. 1 & 3 4. 1, 2, 3 and 4