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Indian Economy General Knowledge (Gk) Quiz Questions-2

In economics, The total all the products and services produced in one year by labour and property supplied by the residents of a country is called-
a- NNP
b- GDP
c- National Income
d- GNP
Answer- d- GNP

National Income can be defined as-
a- Total amount earned by government through direct taxes in a year
b- Total value of stocks held by a country
c- Total amount of money earned within a country.
d- None
Answer- c- total amount of money earned within a country

Highest contribution in GNP in done by-
a- Primary Sector
b- Tertiary Sector
c- Public Sector
d- Secondary Secotor
Answer- b- Tertiary Sector

By Whom the national income estimate is prepared in India-
a- RBI
b- Planning Commission
c- Indian Statistical Institute
d- Central Statistical Organization
Answer- d- Central Statistical Organization

The main source of National Income in india is-
a- Agriculture
b- Industrial Sector
c- Service Sector
d- Trade Sector
Answer- c- Service Sector

Hindu rate of Growth refers to-
a- Population of Hindu
b- Foodgrains
c- GDP
d- Per capita income
Answer- c- GDP

The base year for the computation of National Income in India is from-
a- 1990-91
b- 2000-2001
c- 1993-94
d- 1999-2000
Answer- c- 1993-94

National Inocme of India was first estimated by-
a- Dadabhai Naoroji
b- R. C Dutt
c- R V Roa
d- Gadgil
Answer- a- Dadabhai Naoroji

Who described the theory of economic drain of India during the british rule in his book-
a- M Gandhi
b- Lajpat Rai
c- Jawaharlal Nehru
d- Dadabhai Naoroji
Answer- d- Dadabhai Naoroji

Under which five year plan the government introduced the agricultural strategy which brought Green Revolution-
a- Second five year plan
b- Third five year plan
c- Sixth five year plan
d- First five year plan
Answer- b- Third five year plan

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