Question 1

What is CPC ?

Accepted Answer

Central Pay commission

Question 2

India has been placed in the _______ spot in the renewable energy country attractiveness index by EY.

Accepted Answer

India has been placed in the second spot in the renewable energy country attractiveness index by EY. The UK accountancy firm noted the fast pace of growth in Indian renewable energy in the past three years. Over 10 gigawatt (Gw) of solar power was added between 2015 and 2017 and wind energy capacity grew to 5.4 Gw in 2017-18. This growth is in the context of the government’s ambitious targets — 175 Gw of renewables by 2022, with 40 per cent installed capacity from renewables by 2030 — and the dramatic price falls in photovoltaic technology.

Question 3

Take Off Stage in an economy means

Accepted Answer

"Take Off Stage" in an economy means Steady growth begins.

Question 4

In economics,"capital" refers to

Accepted Answer

Capital refers to buildings and equipment i.e, goods which are used by workers to produce other goods such as machinery, land, ... Capital has a number of related meanings in economics, finance, and accounting. In economics, Capital comprises one of the four major factors of production, the others being land, labor, and entrepreneurship. In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business.

Question 5

Which sector of Indian Economy has shown remarkable expansion during the last decade

Accepted Answer

Tertiary Sector

Question 6

The Income elasticity demand for farm products is

Accepted Answer

Income easticity of demand measures the responsiveness of demand for any goods to changes in income. With increase in incomes generally the demand for farm products like rice wheat etc, will not change drastically. With income increase, demand for luxuries such as consumer durables etc will increase. The income elasticity of demand for farm products is thus low.

Question 7

Where is the Forest Reserve Institute of India located

Accepted Answer

Dehradum

Question 8

The State which has the highest percentage of literate unemployed in India is

Accepted Answer

Kerala

Question 9

Which of the following produces maximum crude petroleum in India at present

Accepted Answer

Off shore Bombay High

Question 10

TRAI, the name which we read very often in the newspapers, is a regulatory body associated with which of the following sectors

Accepted Answer

Telecom

Question 11

Who propounded the Market law?

Accepted Answer

J. B. Say

Question 12

Full convertibility of a rupee means ?

Accepted Answer

Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Question 13

Capitalism falls under _ economic system?

Accepted Answer

Capitalism is an economic system in which private individuals or businesses own capital goods i.e, economy is characterized by private ownership of the means of production. The production of goods and services is based on supply and demand in the general market known as a market economy and not on central planning known as a planned economy.

Question 14

When development in economy takes place, the share of tertiary sector in National Income

Accepted Answer

keeps on increasing

Question 15

The second Five Year plan was based on

Accepted Answer

Mahalanobis Model

Question 16

The period of Eleventh Five Year Plan is

Accepted Answer

2007 to 2012

Question 17

Which one of the following can be called as a part of the Service Sector

Accepted Answer

Banking

Question 18

A high growth rate of population is characterised by

Accepted Answer

High birth and low death rate

Question 19

The largest river of Penisular India is

Accepted Answer

Godavari

Question 20

Major coalfields of India are located in the river valley of

Accepted Answer

Damodar

Indian Economy Questions