Economy Set-3

No. of questions - 20

Time - 10 min

1. 
Yellow Revolution is concerned with the production of

2. 
Which is incorrect about inflation?

3. 
An expression coined by economists to describe an economy that is growing at such a slow pace that more jobs are being lost than are being added

4. 
Which of the following price index number are used for calculation of Central Government employee wage compensation?

5. 
The most common measure of estimating inflation in India is

6. 
The Concept of ‘Navratna’ is associated with

7. 
Who amongst the following benefits most from inflation?

8. 
Among the following, which one is related to Blue Revolution in India?

9. 
Inflation is best described as

10. 
Economic growth is usually coupled with

11. 
Which one of the following is NOT a method to control inflation?

12. 
As per Micro, Small and Medium Enterprises Development Act 2006, medium enterprises are defined as those with the investment of

13. 
For measuring the changes in the price level of the country, which among the following index number is used?

14. 
Small Scale and Cottage Industries are important because

15. 
A rapid increase in the rate of inflation is sometimes attributed to the ‘base effect’. What ‘base effect’?

16. 
In India, inflation is measured by the

17. 
Public Distribution System is aimed at

18. 
Which one of the following is not the problem of Small Scale Industries (SSIS)?

19. 
Inflation rate based on consumer price index increases if

20. 
Which one of the following statements is an appropriate description of deflation?

21. 
Which one of the following is the primary sector of India’s economy?

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