Indian Economy
Indian Economy - Important Points
| 16. | Which of the following is not a method used for measuring economic growth in India? |
|---|
A. Gross Domestic Product (GDP)
B. Gross National Product (GNP)
C. Net Domestic Product (NDP)
D. Human Development Index (HDI)
View Answer Discuss Work SpaceAnswer: option d
Explanation:
| 17. | Which of the following sectors of the Indian economy employs the largest number of people? |
|---|
A. Agriculture
B. Manufacturing
C. Services
D. Mining
View Answer Discuss Work SpaceAnswer: option a
Explanation:
| 18. | Which of the following is a primary function of the Reserve Bank of India (RBI)? |
|---|
A. Issuing currency notes and coins
B. Regulating the stock market
C. Managing the foreign exchange reserves of India
D. Collecting income tax
View Answer Discuss Work SpaceAnswer: option a
Explanation:
| 19. | Which of the following is not a feature of a socialist economy? |
|---|
A. Public ownership of means of production
B. Central planning by the government
C. Emphasis on profit maximization
D. Provision of social welfare
View Answer Discuss Work SpaceAnswer: option c
Explanation:
| 20. | The Index of Industrial Production (IIP) measures the performance of which sector of the Indian economy? |
|---|
A. Agriculture
B. Manufacturing
C. Services
D. Construction
View Answer Discuss Work SpaceAnswer: option b
Explanation:
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