Science and Social Studies
- The most appropriate method to measure the economic growth of the country gross domestic product (GDP)
- India is recorded as a country of demographic dividend due to high population in the age group of 15-64 years
- Green GDP accounted for the environmental degradation due to the economic progression of a country
- A country’s natural capital includes forest, water and minerals
- More than one-third of the world population lives in low-income economic countries
- More than three-quarters of the gross national income of the world are accounted for high-income economic countries
- The Gini-Lorenz is used to measure the distribution of income
- The major contribution towards the gross domestic saving in India in recent time is the household sector
- The TheKeynesiann theory advocates a mixed economy with a large role of government and public sector
- The economist who introduced GDP to measure the economic growth of a country Simon Kuznets
- The decade in which population recorded a negative growth rate in India is 1911-1921
- Philip curve is an inverse relationship between the rate of unemployment and inflation in an economy
- Angles law observes that as income raises the portion of income spent on food fails as even the actual expenditure on food raises
- The mixed economy is an economy where the co-existence of the private sector with a public sector
- The value of all final goods in the services produced by the normal residents of a country and their property whether operating within the domestic territory of the country or outside in a year is termed as gross national income
- Dada bai naoroji was the first Indian to estimate the national income of the country
- The national income committee established in India after gaining independence was headed by prof. V.K.R.V Rao
- The following are account for the calculation of gross domestic product of a country in the expenditure method private consumption, gross investment and government spending, net expenditure of the export and import
- The following is true about an open economy free from trade barriers and self-sufficient
- In India, the objective of social forestry which was started by the government is to reduce urbanization in rural areas
- Consumer demand is dealt with the study of microeconomic analysis
- The GDP at the market price is steadily increasing in the last decade
- The state that has a higher percentage of poverty according to the Suresh Tendulkar committee is Odisha
- The institution that prepares national income estimates in India is the central statical organisation
- After the economic liberation in 1991, the decline in the share of agriculture in GDP has been balanced by the increase in the share of service
- The unorganised sector of the Indian economy generates more than 80% of the total employment
- The character tics of the Indian economy are free dominance of agriculture, low per capita income, massive unemployment
- When development in an economy takes places the share of the tertiary sector in national income keeps increasing
- The employees of the following can have social security coverage under the employee’s state insurance scheme hotel and restaurants, motor transport undertaking, newspaper establishments, private medical institutions
- The agriculture sector has been the primary employment providing sector of India
- In urban areas of India service sector is the principal source of employment
- Kerala is the best performer of hid in indo
- Construction is not a part of the service sector in India
- The physical quality of life index is life expectancy, basic literacy rate, infant mortality rate
- Disposable income is called the income remaking out from the personal income after the payment of tax
- RK Shanmugam Chetty proposed the first union budget
- The state of high and low per capita income are goa and Chandigarh respectively\
- Interest payment and subsidy causes an increase in non-plan expenditure
- The method of national income in manufacturing is the product method
- We can get NNP from GNP by GNP-DEPRECIATION
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