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Indian Economy Test 29

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Indian Economy Test 29
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Who among the following is not the member of 14th Finance Commission?
  • Question 2
    1 / -0
    When we eat the flesh of goat, we are ___________.
  • Question 3
    1 / -0
    Study of inter-relationship between living organisms and their environment is called __________.
  • Question 4
    1 / -0
    Consider the following statements.
    1. The term 'ecology' is first given by Reiter.
    2. The term 'ecosystem' is first given by Tansley.
    Which of the statements given above is/are correct?
  • Question 5
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    India is regarded as a country of 'Demographic Dividend'. This is due to _________.
    Solution
    Growth in an economy as a result of the changing age structure of a country can be defined as demographic dividend. India has more than 60% of its population in the age-group of 15-64 years, which is capable of working and hence the highest potential to contribute to the need of labour and human capital. Higher demographic dividend also results in higher demand fuelled by greater savings and hence stimulates growth.
  • Question 6
    1 / -0
    Consider the following statements:
    1. About one-third of GDP in India is contributed by the agricultural sector.
    2. More than 60% of the country's GDP is contributed by the service sector.
    Which of the statements given above is/are correct?
    Solution
    While agriculture and allied services contribute close to 17% to the GDP, share of services sector is around 59% (in 2013) up from 30% in 1951-52. Contribution of agriculture has dropped from 51% in 1951-52 due to the rapid growth in services sector and reduced dependence of the country on agriculture for economic growth.
  • Question 7
    1 / -0
    Urbanisation in India is very poor as compared to other developed countries. Which one of the following can be the exact cause of the high population increase in urban areas?
  • Question 8
    1 / -0
    'The bills imposing restriction on the freedom of trade and commerce can be Introduced in State Legislature only with the prior sanction of the President.' This provision is mentioned in Article
  • Question 9
    1 / -0
    What percentage of the total population of the world resides in India, as estimated in 2011?
    Solution
    India's population as per Census 2011 was recorded at 1.21 billion against the total world population of approximately 7 billion.  It comprised around 624 million males and 586 million females. The country's population was equal to the combined population of Brazil, Bangladesh, USA, Pakistan, Japan and Indonesia.
  • Question 10
    1 / -0
    When development in an economy takes place, the share of tertiary sector in National Income ___________.
    Solution
    The composition of national income keeps changing with the growth in the economy. Initially, the economy relies heavily on primary sector to generate value. With growth, the secondary sector picks up and forms greater share of the national income, alongside the tertiary sector which starts making its mark. As development quickens, role of primary sector in the national income diminishes and the share of tertiary sector grows.
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