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Structure of Indian Economy

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  • Which one of the following is the most appropriate method to measure the economic growth of a country?

  • National Income
  • Net National Produce
  • Gross Capital Formation
  • Gross Domestic Product
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  • India is regarded as a country of 'Demographic Dividend'. This is due to

  • Its high population in the age group below 15 years
  • Its high population in the age group of 15-64 years
  • Its high population in the age group above 65 years
  • Its high total population
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  • A country's natural capital includes all of the following except

  • forest
  • water
  • roads
  • minerals
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  • What percentage of the total population of the world resides in India, as estimated in 2011?

  • 15
  • 17.5
  • 20
  • 22.5
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  • Which of the following is used for the measurement of distribution of income?

  • Laffer Curve
  • Engel's Law
  • Gini-Lorenz Curve
  • Philip Curve
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  • During which decade did the population record a negative growth rate in India?

  • 1921-1931
  • 1911-1921
  • 1941-1951
  • 1931-1941
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  • Consider the following statements
    1. Philip's curve is an inverse relationship between the rate of unemployment and the rate of inflation in an economy
    2. Engel's law observes that, as income rises the proportion of income spent on food falls even if the actual expenditure on food rises.

  • Only 1
  • Only 2
  • Both 1 and 2
  • Neither 1 nor 2
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  • Mixed economy means an economy where

  • both agriculture and industry are equally promoted by the state
  • there is co-existence of private sector along with the public sector
  • there is importance of small scale industries along with heavy industries
  • economy is controlled by military as well as civilian rulers
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  • Consider the following statements 
    1. Dadabhai Naoroji was the first Indian to estimate the national income of the country
    2. National Income Committee established in India after getting independence was headed by Professor VKRV Rao.

Which of the statements given above is/are correct?

  • Only 1
  • Only 2
  • Both 1 and 2
  • Neither 1 nor 2
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  • Consider the following specific stages of demographic transition associated with economic development
    1. Low birth rate with low death rate
    2. High birth rate with high death rate
    3. High birth rate with low death rate

Select the correct order of the above stages using the codes given below

  • 1,2,3
  • 2,1,3
  • 2,3,1
  • 3,2,1
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