Total value of final goods and services produced by residents in one year
C
Total exports of a country
D
Total government expenditure
Question 2Single Answer
Which method is also known as the Product Method of measuring National Income?
A
Income Method
B
Value Added Method
C
Expenditure Method
D
Capital Method
Question 3Single Answer
Which method measures National Income by adding all factor incomes?
A
Product Method
B
Expenditure Method
C
Inventory Method
D
Income Method
Question 4Single Answer
Which method calculates National Income by summing consumption, investment, government expenditure and net exports?
A
Income Method
B
Output Method
C
Expenditure Method
D
Production Method
Question 5Single Answer
GDP stands for?
A
General Domestic Production
B
Gross Development Product
C
Gross Domestic Product
D
Gross Demand Product
Question 6Single Answer
GNP differs from GDP because it includes?
A
Intermediate goods
B
Indirect taxes only
C
Net Factor Income from Abroad
D
Government subsidies only
Question 7Single Answer
Net National Product is obtained by?
A
GNP – Depreciation
B
GDP + Depreciation
C
GDP – Taxes
D
GNP + Subsidies
Question 8Single Answer
Personal Income means?
A
Income actually received by individuals
B
Corporate profits only
C
Government revenue only
D
Export earnings only
Question 9Single Answer
Disposable Personal Income is?
A
Personal Income + Direct Taxes
B
National Income – Subsidies
C
GDP – Depreciation
D
Personal Income – Personal Taxes
Question 10Single Answer
Which of the following is included while calculating GDP?
A
Second-hand goods
B
Final goods and services
C
Intermediate goods
D
Illegal income only
Question 11Single Answer
Double counting should be avoided while estimating National Income because?
A
It reduces exports
B
It increases imports
C
It overestimates National Income
D
It decreases savings
Question 12Single Answer
Which organization releases India's National Income estimates?
A
RBI
B
Ministry of Finance
C
National Statistical Office (NSO)
D
NITI Aayog
Question 13Single Answer
Per Capita Income is calculated by?
A
National Income ÷ Population
B
GDP × Population
C
Population ÷ National Income
D
GDP – Population
Question 14Single Answer
Constant price estimates are mainly used to measure?
A
Inflation
B
Fiscal Deficit
C
Budget Deficit
D
Real Economic Growth
Question 15Single Answer
Current price estimates are also called?
A
Real GDP
B
Net GDP
C
Base GDP
D
Nominal GDP
Question 16Single Answer
Economic Growth mainly refers to?
A
Increase in National Income
B
Reduction in Poverty alone
C
Increase in Literacy alone
D
Increase in Population
Question 17Single Answer
Economic Development includes?
A
Only increase in GDP
B
Quantitative and qualitative improvements
C
Quantitative changes only
D
Increase in exports only
Question 18Single Answer
Human Development Index mainly considers?
A
Fiscal Deficit and Revenue
B
Population and Inflation
C
Income, Health and Education
D
Imports and Exports
Question 19Single Answer
Which sector includes agriculture?
A
Primary Sector
B
Secondary Sector
C
Tertiary Sector
D
Quaternary Sector
Question 20Single Answer
Manufacturing belongs to which sector?
A
Primary Sector
B
Public Sector
C
Tertiary Sector
D
Secondary Sector
Question 21Single Answer
Banking belongs to which sector?
A
Primary Sector
B
Secondary Sector
C
Tertiary Sector
D
Agricultural Sector
Question 22Single Answer
Occupational Pattern refers to?
A
Distribution of taxes
B
Distribution of rainfall
C
Distribution of workers among sectors
D
Distribution of exports
Question 23Single Answer
Which sector employs the largest workforce in India?
A
Primary Sector
B
Secondary Sector
C
Tertiary Sector
D
Mining Sector
Question 24Single Answer
Sectoral Distribution of Income refers to?
A
Income distributed among states only
B
Income generated by different sectors
C
Income of government employees only
D
Foreign exchange earnings
Question 25Single Answer
Which sector contributes the highest share to India's GDP?
A
Primary Sector
B
Secondary Sector
C
Cooperative Sector
D
Tertiary Sector
Question 26Single Answer
Structural transformation means?
A
Reduction in exports
B
Increase in inflation
C
Increase in taxes
D
Shift of economy from agriculture to industry and services
Question 27Single Answer
Which Five-Year Plan emphasized rapid industrialization?
A
First Plan
B
Fourth Plan
C
Third Plan
D
Second Plan
Question 28Single Answer
The architect of the Second Five-Year Plan was?
A
Amartya Sen
B
P.C. Mahalanobis
C
V.K.R.V. Rao
D
C. Rangarajan
Question 29Single Answer
The First Five-Year Plan mainly focused on?
A
Information Technology
B
Agriculture and Irrigation
C
Space Technology
D
Banking Reforms
Question 30Single Answer
Planning Commission was established in?
A
1950
B
1947
C
1952
D
1956
Question 31Single Answer
Planning Commission was replaced by?
A
RBI
B
Finance Commission
C
SEBI
D
NITI Aayog
Question 32Single Answer
NITI stands for?
A
National Industrial Technology Institute
B
National Institute for Trade in India
C
National Institution for Transforming India
D
New India Trade Initiative
Question 33Single Answer
NITI Aayog came into existence in?
A
2013
B
2015
C
2014
D
2016
Question 34Single Answer
Chairman of NITI Aayog is?
A
Prime Minister of India
B
President of India
C
Finance Minister
D
Vice President of India
Question 35Single Answer
Which body prepares Five-Year Plans now?
A
Planning Commission
B
NITI Aayog
C
RBI
D
No Five-Year Plans are prepared now
Question 36Single Answer
The 1991 Economic Reforms are popularly known as?
A
Green Revolution
B
GST Reforms
C
LPG Reforms
D
White Revolution
Question 37Single Answer
'L' in LPG stands for?
A
Liberalization
B
Localization
C
Legalization
D
Leadership
Question 38Single Answer
'P' in LPG stands for?
A
Planning
B
Protection
C
Privatization
D
Productivity
Question 39Single Answer
'G' in LPG stands for?
A
Governance
B
Globalization
C
Growth
D
Goods
Question 40Single Answer
Liberalization mainly means?
A
Increasing import duties
B
Reducing government controls on the economy
C
Nationalization of industries
D
Increasing subsidies only
Question 41Single Answer
Privatization means?
A
Greater role for private sector
B
Expansion of public sector
C
Closure of industries
D
Ban on FDI
Question 42Single Answer
Globalization encourages?
A
Isolation from world markets
B
Ban on exports
C
International economic integration
D
Closed economy
Question 43Single Answer
Which crisis led to the 1991 Economic Reforms?
A
Food Crisis
B
Oil Discovery
C
Balance of Payments Crisis
D
Population Decline
Question 44Single Answer
Which institution supported India's 1991 reform programme?
A
ILO
B
UNESCO
C
WHO
D
IMF
Question 45Single Answer
Decentralization of financial resources aims to?
A
Strengthen local governments
B
Reduce agriculture
C
Increase imports
D
Eliminate taxation
Question 46Single Answer
Which Constitutional Amendment strengthened Panchayati Raj Institutions?
A
42nd Amendment
B
44th Amendment
C
86th Amendment
D
73rd Amendment
Question 47Single Answer
Which Constitutional Amendment relates to Urban Local Bodies?
A
74th Amendment
B
73rd Amendment
C
52nd Amendment
D
91st Amendment
Question 48Single Answer
Finance Commission is constituted under which Article of the Constitution?
A
Article 280
B
Article 356
C
Article 324
D
Article 370
Question 49Single Answer
One major objective of NITI Aayog is?
A
Centralized Planning only
B
Nationalization of all industries
C
Cooperative Federalism
D
Elimination of State Governments
Question 50Single Answer
Which concept emphasizes cooperation between the Centre and States in policy making?
A
Mercantilism
B
Protectionism
C
Cooperative Federalism
D
Colonialism
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Indian and AP Economy
Question 51Single Answer
National Income at factor cost excludes?
A
Factor incomes
B
Wages and salaries
C
Indirect taxes less subsidies
D
Rent
Question 52Single Answer
Gross Domestic Product includes production within?
A
Political boundaries of India
B
Only by Indian citizens abroad
C
Only government enterprises
D
Only private enterprises
Question 53Single Answer
Net Factor Income from Abroad is equal to?
A
GDP minus GNP
B
Total exports minus imports
C
Income earned by residents abroad minus income earned by foreigners in India
D
Taxes minus subsidies
Question 54Single Answer
Which of the following is a transfer payment?
A
Pension paid by the government
B
Salary to a teacher
C
Rent from a building
D
Interest on business loan
Question 55Single Answer
Transfer payments are excluded from National Income because?
A
They are exports
B
They are indirect taxes
C
They are payments without current production
D
They are imports
Question 56Single Answer
Which is an example of a factor income?
A
Old-age pension
B
Scholarship
C
Wages
D
Lottery prize
Question 57Single Answer
Which of the following is included in National Income?
A
Sale of old furniture
B
Sale of used car
C
Production of wheat during the current year
D
Purchase of old house
Question 58Single Answer
Depreciation is also known as?
A
Capital Gain
B
Capital Consumption Allowance
C
Fiscal Deficit
D
Revenue Deficit
Question 59Single Answer
Which sector extracts natural resources?
A
Quaternary Sector
B
Secondary Sector
C
Tertiary Sector
D
Primary Sector
Question 60Single Answer
Construction activity belongs to which sector?
A
Primary Sector
B
Tertiary Sector
C
Secondary Sector
D
Agricultural Sector
Question 61Single Answer
Education services belong to which sector?
A
Primary Sector
B
Secondary Sector
C
Mining Sector
D
Tertiary Sector
Question 62Single Answer
Which indicator best reflects the standard of living?
A
Population Density
B
Per Capita Income
C
Birth Rate
D
Fiscal Deficit
Question 63Single Answer
Economic Development is broader than Economic Growth because it includes?
A
Only industrial output
B
Social progress
C
Only agricultural production
D
Only exports
Question 64Single Answer
Which is a qualitative aspect of development?
A
Better healthcare
B
Increase in steel output
C
Rise in wheat production only
D
Increase in exports only
Question 65Single Answer
Which planning model was adopted during the Second Five-Year Plan?
A
Mahalanobis Model
B
Harrod-Domar Model
C
Lewis Model
D
Solow Model
Question 66Single Answer
The First Five-Year Plan covered the period?
A
1947–1952
B
1956–1961
C
1952–1957
D
1951–1956
Question 67Single Answer
The Planning Commission functioned under the chairmanship of the?
A
President
B
Finance Minister
C
Prime Minister
D
Vice President
Question 68Single Answer
Which of the following was not an objective of economic planning?
A
Monopoly promotion
B
Social justice
C
Self-reliance
D
Growth
Question 69Single Answer
The strategy of import substitution was mainly adopted to?
A
Reduce exports
B
Increase imports
C
Reduce dependence on imports
D
Increase inflation
Question 70Single Answer
Self-reliance in planning means?
A
Dependence on foreign aid only
B
Privatizing all industries
C
Increasing imports only
D
Reducing dependence on foreign countries
Question 71Single Answer
Which sector received priority in the Second Five-Year Plan?
A
Banking
B
Tourism
C
Heavy Industries
D
Information Technology
Question 72Single Answer
Which Five-Year Plan is known as the 'Gadgil Plan'?
A
Fourth Five-Year Plan
B
Third Five-Year Plan
C
Fifth Five-Year Plan
D
Sixth Five-Year Plan
Question 73Single Answer
Rolling Plan was introduced during the tenure of?
A
Narasimha Rao Government
B
Indira Gandhi Government
C
Rajiv Gandhi Government
D
Morarji Desai Government
Question 74Single Answer
Which Five-Year Plan emphasized 'Garibi Hatao'?
A
Third Plan
B
Fourth Plan
C
Fifth Plan
D
Sixth Plan
Question 75Single Answer
Economic reforms in 1991 were introduced under the Prime Ministership of?
A
P. V. Narasimha Rao
B
Atal Bihari Vajpayee
C
Rajiv Gandhi
D
V. P. Singh
Science and Technology
Question 76Single Answer
Which policy provides the broad framework for strengthening India's Science, Technology and Innovation ecosystem?
A
National Education Policy 2020
B
National Health Policy
C
Science, Technology and Innovation Policy (STIP)
D
National Manufacturing Policy
Question 77Single Answer
The primary objective of the Science, Technology and Innovation Policy is?
A
Increase agricultural exports only
B
Promote innovation-led economic growth and scientific research
C
Expand tourism only
D
Privatize all research institutions
Question 78Single Answer
Which ministry is primarily responsible for formulating Science, Technology and Innovation policies in India?
A
Ministry of Defence
B
Ministry of Science and Technology
C
Ministry of Finance
D
Ministry of Education
Question 79Single Answer
Which organization is the apex body for promoting scientific research in India?
A
DRDO
B
CSIR
C
NITI Aayog
D
FCI
Question 80Single Answer
Which national mission focuses on developing India's innovation ecosystem?
A
Startup India
B
Smart Cities Mission
C
Digital India
D
Jal Jeevan Mission
Question 81Single Answer
Which of the following is an emerging technology frontier?
A
Traditional Pottery
B
Handloom Weaving
C
Artificial Intelligence
D
Manual Irrigation
Question 82Single Answer
India's first dedicated mission to the Moon was?
A
Mangalyaan
B
Chandrayaan-1
C
Chandrayaan-3
D
Aditya-L1
Question 83Single Answer
Which organization is responsible for India's space programme?
A
DRDO
B
HAL
C
BARC
D
ISRO
Question 84Single Answer
PSLV stands for?
A
Precision Satellite Launch Vehicle
B
Public Satellite Launch Vehicle
C
Planetary Satellite Launch Vehicle
D
Polar Satellite Launch Vehicle
Question 85Single Answer
GSLV stands for?
A
General Space Launch Vehicle
B
Global Satellite Launch Vehicle
C
Geostationary Satellite Launch Vehicle
D
Geo Scientific Launch Vehicle
Question 86Single Answer
Which launch vehicle is mainly used for placing communication satellites into GTO?
A
PSLV
B
ASLV
C
SLV-3
D
GSLV
Question 87Single Answer
Which Indian launch vehicle is known as the 'workhorse' of ISRO?
A
ASLV
B
GSLV Mk III
C
SLV-3
D
PSLV
Question 88Single Answer
LVM3 is primarily designed to launch?
A
Weather balloons
B
Heavy payloads
C
Fighter aircraft
D
Missiles
Question 89Single Answer
Which mission successfully demonstrated India's soft landing on the Moon?
A
Chandrayaan-1
B
Chandrayaan-2
C
Mangalyaan
D
Chandrayaan-3
Question 90Single Answer
Aditya-L1 mission is related to the study of?
A
Mars
B
Venus
C
Sun
D
Jupiter
Question 91Single Answer
Mangalyaan is also known as?
A
Venus Orbiter Mission
B
Mars Orbiter Mission
C
Lunar Orbiter Mission
D
Solar Orbiter Mission
Question 92Single Answer
NavIC is India's?
A
Navigation satellite system
B
Missile system
C
Weather radar
D
Nuclear reactor
Question 93Single Answer
INSAT satellites are mainly used for?
A
Defence production
B
Mining
C
Communication and meteorology
D
Agriculture only
Question 94Single Answer
Cartosat satellites are mainly used for?
A
Nuclear research
B
Entertainment
C
Banking
D
Earth observation and mapping
Question 95Single Answer
RISAT satellites primarily use?
A
Infrared only
B
Laser imaging
C
Radar imaging
D
Gamma rays
Question 96Single Answer
Oceansat satellites mainly support?
A
Banking services
B
Ocean and climate studies
C
Nuclear power generation
D
Air traffic control
Question 97Single Answer
Which satellite system provides weather forecasting services in India?
A
Cartosat only
B
NavIC only
C
INSAT series
D
GSAT only
Question 98Single Answer
Remote sensing satellites help in?
A
All of the above
B
Crop monitoring
C
Disaster management
D
Resource mapping
Question 99Single Answer
Chandrayaan-3 landed near which region of the Moon?
A
North Pole
B
Equator
C
South Pole
D
Far side only
Question 100Single Answer
Which organization develops India's defence technologies?
A
ISRO
B
DRDO
C
CSIR
D
ICMR
Question 101Single Answer
DRDO functions under which ministry?
A
Ministry of Science and Technology
B
Ministry of Home Affairs
C
Ministry of Defence
D
Ministry of Education
Question 102Single Answer
DRDO was established in?
A
1947
B
1958
C
1965
D
1971
Question 103Single Answer
The headquarters of DRDO is located in?
A
Hyderabad
B
New Delhi
C
Bengaluru
D
Pune
Question 104Single Answer
The vision of DRDO primarily emphasizes?
A
Commercial banking
B
Import of weapons
C
Foreign military training only
D
Self-reliance in defence technologies
Question 105Single Answer
Which missile was developed under IGMDP?
A
BrahMos
B
Agni
C
Astra
D
Akash-NG
Question 106Single Answer
IGMDP stands for?
A
Integrated General Missile Deployment Programme
B
Indian Guided Missile Defence Programme
C
Integrated Guided Missile Development Programme
D
Indian Global Missile Development Programme
Question 107Single Answer
The chief architect of IGMDP is?
A
Homi Bhabha
B
Vikram Sarabhai
C
A.P.J. Abdul Kalam
D
Satish Dhawan
Question 108Single Answer
Which missile is a surface-to-air missile developed under IGMDP?
