Economy

Indian Economy Question and Answer – Economic and commercial developments for competitive examinations are an important subject, especially for examinations like banks, UPSC and IAS. There are a number of questions based on Indian Economy, Monetary Policy, Agriculture, Five Year Plan, Mixed Economy, Latest Economy Current Affairs, which are here to keep you updated and get success in the interview.

1. What is the full form of NNP
Question Asked : SSC CAPFs ASI & Delhi Police SI Exam 2017

(A) Normal Net Production
(B) Net National Product
(C) Normal National Produce
(D) Net Normal Produce

2. Devaluation is majorly done to
Question Asked : SSC CAPFs ASI & Delhi Police SI Exam 2017

(A) encourage export
(B) encourage import
(C) discourage import
(D) To encourage both export and import

3. If exports equal imports then, which of the following relations will be true
Question Asked : SSC CAPFs ASI & Delhi Police SI Online Exam 2017

(A) GDP = GNP
(B) GDP > GNP
(C) GDP < GNP (D) None of these

4. What is the full form of NSDL
Question Asked : SSC CAPFs ASI & Delhi Police SI Online Exam 2017

(A) National Society Development Limited
(B) National Securities Depository Limited
(C) National Social Development Limited
(D) National Safety Development Limited

5. What is the full form of GNI
Question Asked : SSC CAPFs ASI & Delhi Police SI Online Exam 2017

(A) Gross National Interest
(B) Gross National Income
(C) Gross Net Interest
(D) Gross Net Income

6. GNP depreciation allowances =
Question Asked : SSC CAPFs ASI & Delhi Police SI Exam 2017

(A) National Income
(B) NDP
(C) NNP
(D) GNP

7. In which situation, wages and prices chase each other at a very quick speed?
Question Asked : SSC CAPFs ASI & Delhi Police SI Online Exam 2017

(A) Disinflation
(B) Reflation
(C) Stagflation
(D) Hyper-inflation

8. In an inflationary situation, which of the following statements is false for a country?
Question Asked : SSC Matric Level MTS Exam 2017

(A) Profit rise faster than wages.
(B) Value of money falls.
(C) Cost of living rises.
(D) Country’s export’s become more competitive.

9. Area which supports the economy and export trade of a sea port is called its
Question Asked : SSC Matric Level MTS Exam 2017

(A) export basin
(B) hinterland
(C) economic zone
(D) umland

10. Poverty in India is measured through one of the following criteria
Question Asked : SSC Matric Level MTS Exam 2017

(A) intake of the calories
(B) education level of the family
(C) number of rooms of the residence
(D) number of family members