Practice Test

Q1) Generally an economy is considered under developed if Show Answer

Q2) Which of the following statements are correct ? Show Answer

Q3) Which of the following statements are correct ? Show Answer

Q4) ___________is the apex bank for agriculture credit in India Show Answer

Q5) The share of agriculture in India's national income has ____over the years. Show Answer

Q6) The Green revolution is also known as Show Answer

Q7) The area under irrigation has_______over the years in India Show Answer

Q8) Which of the following statements are correct ? Show Answer

Q9) Which of the following statements is in correct ? Show Answer

Q10) Abolition of intermediaries & tenancy reforms are both parts of Show Answer

Q11) Agricultural sector faces the problem of Show Answer

Q12) In absolute terms,the number of people engaged in agriculture activities over the planning period has Show Answer

Q13) We can say Indian agriculture has become modern since Show Answer

Q14) Which of the following has been specifically established to meet the requirements of the credit of the farmer & villagers Show Answer

Q15) Which of the following statements are incorrect ? Show Answer

Q16) Which of the following statements are correct ? Show Answer

Q17) Mahalanobis model stressed upon the establishment of Show Answer

Q18) Three steel plants in Bhilai,Rourkela & durgapur were set up in the Show Answer

Q19) The industrial sector faced the process of retrogression & declaration during Show Answer

Q20) Which of the following has resulted into failure to achieve targets of industrial production ? Show Answer

Q21) Which of the following statements are correct ? Show Answer

Q22) About ____ per cent of the sick unit in India are small units Show Answer

Q23) The tenth plan aimed at achieving a growth rate of __ ____per cent in the industrial Show Answer

Q24) Nearly _________ percent of working population is engaged in the service sector Show Answer

Q25) Service sector accounted for nearly _________ percent of exports (2004-05). Show Answer

Q26) India has the ___percent largest scientific & technical manpower in the world Show Answer

Q27) The service sector in India now account for Show Answer

Q28) All of the following can cause sickness to an industrial unit except Show Answer

Q29) Which of the following statements are correct ? Show Answer

Q30) Oil & Natural Gas Corporation Indian Oil Corporation , steel Authority of India ,& Bharat Heavy Electrical are examples of Show Answer

Q31) The Indian Industry faced the problem of retrogression & deceleration because of Show Answer

Q32) Which of the following statements are correct ? Show Answer

Q33) Over the planning period the share of industrial sector in the GDP of India has Show Answer

Q34) The industrial sector depends on the agriculture sector because Show Answer

Q35) A sick industrial unit is one Show Answer

Q36) BPO stands for Show Answer

Q37) Small scale units exit in India because Show Answer

Q38) Which of the following statements are incorrect ? Show Answer

Q39) National income differs from Net National product at market price by the amount of Show Answer

Q40) Net National Product at factor cost is Show Answer

Q41) Transfer payments refers to payments which are made Show Answer

Q42) The net values added method of measuring national income is also known as Show Answer

Q43) Identify the items which is not a factor payment Show Answer

Q44) Mixed income of the self employed means Show Answer

Q45) Demand for final consumption arises in Show Answer

Q46) Demand for intermediate consumption arises in Show Answer

Q47) Which of the following is an economic activity ? Show Answer

Q48) Net value Added is equal to Show Answer

Q49) Per Capita National Income means Show Answer

Q50) Which of the following statements are correct ? Show Answer

Q51) One of the following is not a merit of direct taxes. Find it Show Answer

Q52) Find the tax which is direct tax among the following Show Answer

Q53) Among the following types of taxes , find the one which is indirect Show Answer

Q54) Which of the following statements are correct ? Show Answer

Q55) Which of the following statements are correct ? Show Answer

Q56) India has rising national & per capita income, improved changes in occupational structure .it makes India a Show Answer

Q57) The share of agriculture in India's GNP is Show Answer

Q58) Agriculture provides employment to what percentage of population Show Answer

Q59) Agriculture sector contributes in export earning is Show Answer

Q60) Agricultural productivity refers to Show Answer

Q61) Agricultural productivity improved in case of Show Answer

Q62) Reorganisation of agriculture means Show Answer

Q63) Main cause of slow progress of land reforms is Show Answer

Q64) Full form of NABARD is Show Answer

Q65) A small scale industrial unit is one which has investments upto Show Answer

Q66) A tiny unit is one which has investments upto Show Answer

Q67) Service sector is also called Show Answer

Q68) At present share of tertiary sector in GDP is around______% Show Answer

Q69) What is India's rank in the list of exporters of service ? Show Answer

Q70) CSO stands for Show Answer

Q71) To go from 'net' to 'gross' we Show Answer

Q72) Generally GDPmp is always at Show Answer

Q73) NDP market price - Indirect Taxes + Subsidies = Show Answer

Q74) Disposable Income = gross addition of saving & Show Answer

Q75) Inter Linked phases of product method is also known as Show Answer

Q76) Gross domestic capital formation includes Show Answer

Q77) At present the base year is Show Answer

Q78) GNP is a poor measure of welfare because it does not show Show Answer

Q79) Sources of public revenues are Show Answer

Q80) When the burden of the tax is falling on the person on whom the tax is imposed, it is called Show Answer

Q81) Excise duty is a Show Answer

Q82) Wealth tax is Show Answer

Q83) Custom Duty is Show Answer

Q84) MODVAT is Show Answer

Q85) MODVAT was introduced in the Union Budget of Show Answer

Q86) CENVAT was introduced in the Union Budget of Show Answer

Q87) In CENVAT , one basic excise duty of what percentage is applicable to all the goods Show Answer

Q88) VAT was introduced in the year Show Answer

Q89) Non-Tax revenue includes Show Answer

Q90) Income Tax in India was introduced in the year Show Answer

Q91) The ratio of direct tax to indirect tax in 2005-06 is Show Answer

Q92) Adam Smith gave the following cannos of a goods tax system Show Answer

Q93) In India ,tax evasion is high at ______% Show Answer

Q94) If a firm produces goods with Rs.10,000 & the cost of raw material is Rs.6,000 then the firm will pay tax on Rs.4,000 .it is paying tax according to Show Answer

Q95) If the final goods attract an excise duty of Rs.8,000 & Rs.1,050 has already been paid on inputs then the firm will pay the 7,000 towards excise duty ,it is paying tax according to Show Answer