Economy Set-3

No. of questions - 20

Time - 10 min

1. 
Which one of the following is the primary sector of India’s economy?

2. 
Inflation rate based on consumer price index increases if

3. 
Which of the following price index number are used for calculation of Central Government employee wage compensation?

4. 
Which one of the following is not the problem of Small Scale Industries (SSIS)?

5. 
Who amongst the following benefits most from inflation?

6. 
For measuring the changes in the price level of the country, which among the following index number is used?

7. 
Which is incorrect about inflation?

8. 
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

9. 
Small Scale and Cottage Industries are important because

10. 
Which one of the following statements is an appropriate description of deflation?

11. 
The Concept of ‘Navratna’ is associated with

12. 
The most common measure of estimating inflation in India is

13. 
In India, inflation is measured by the

14. 
Yellow Revolution is concerned with the production of

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

16. 
Economic growth is usually coupled with

17. 
Public Distribution System is aimed at

18. 
Inflation is best described as

19. 
Which one of the following is NOT a method to control inflation?

20. 
As per Micro, Small and Medium Enterprises Development Act 2006, medium enterprises are defined as those with the investment of

21. 
Among the following, which one is related to Blue Revolution in India?

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