Economy Set-1

No. of questions - 20

Time - 7 min

1. 
For the existence of a market which is indispensable?

2. 
Which of the following is a sign of economic growth?

3. 
Which one of the following is the major feature of the Indian Economy?

4. 
In India, National Income is computed by which of the following?

5. 
Mixed economy in India means

6. 
Indian Economy is characterised as

7. 
Human Development Index (HDI) comprises literacy rates, life expectancy at birth and

8. 
National Income is the

9. 
Economically, one of the results of the British rule in India in the 19th century was the

10. 
The Gandhian economy is based on the principle of

11. 
The first measure of India’s National Income was made by

12. 
The Indian Economy is a

13. 
Which among the following is a characteristic of underdevelopment?

14. 
Who is called father of Modern Economics?

15. 
The national income of a country for a given period is equal to the

16. 
The most appropriate measure of a country’s economic growth is its

17. 
Who among the following had propounded the concept of ‘Trusteeship’?

18. 
The term National Income represents

19. 
Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India?

20. 
Which among the following sectors contribute most to GDP of India?

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