Indian Economic Structure Mcqs

F.Y B.COM

SEMESTER - 1

INDIAN ECONOMIC STRUCTURE

(IES)

MCQs - OCTOBER 2017

1. Primary activities are related with: 

A. Animal Husbandry and Forestry  

B. Farming and Fishing  

C. Both A and B  

D. None of the Above  

2. Which one of the following is NOT the characteristic of the developing economy:  

A. High Income Inequality 

B. Low Per Capita Income 

C. Low Unemployment  

D. High Growth of Population  

3. Which sector is characterized as an organized sector in India?

A. Tertiary Sector  

B. Secondary Sector  

C. Primary Sector  

D. All of the Above 

4. Capital formation in an economy depends on 

A. Total production  

B. Total saving  

C. Total demand 

D. Total income 

5. Workers in the ________ sector does not produce goods. 

A. Agriculture 

B. Tertiary 

C. Horticulture 

D. Construction 

6. Which of the following is NOT correct regarding the four phases of Industrial growth? 

A. Phase I - Low growth phase 

B. Phase Il - Low growth phase 

C. Phase III - Period of industrial recovery

D. Phase IV - Growth with high fluctuations  

7. Industrial production in India is reported by the:

A. Directorate of Economics and Statistics 

B. Ministry of Statistics and Programme 

C. Central Statistical Office 

D. National Sample Survey Organisation Implementation  

8. Rising population leads to an increase in Labour Force. 

A. True  

B. False  

C. Sometimes   

D. None of the Above  

 

9. The causes of low productivity of industrial output during 1965-1980 were: 

A. Low growth of agriculture 

B. Low investment in Public Sector Unit 

C. Drought 

D. All of the above 

10. Information Technology is a component of _________ sector.  

A. Primary 

B. Service 

C. Industrial  

D. Secondary  

11. Which programme is envisaged to make India a manufacturing hub of the world? 

A. Make in India  

B. Suraksha Bima Yojana  

C. Made in India  

D. None of the above 

12. Which sector is the lowest contributor in GDP in recent years? 

A. Tertiary 

B. Industry 

C. Secondary 

D. Primary 

13. Which of the following sector has surplus balance of trade in India?  

A. Software Services  

B. Service Sector  

C. Business Services  

D. All of the above  

14. Per Capita Income of India in 2016 was _______. 

A. $42390 

B. $1680 

C. $8260 

D. $1410 

15. High Imports and Low exports results in to ________. 

A) Trade Balance  

B) Trade Deficit  

C) Trade Surplus  

D) Favourable Trade 

16. Arrange the occupational pattern of India in descending order as 

A. Primary > Secondary > Tertiary  

B. Tertiary > Primary > Secondary 

C. Secondary > Tertiary > Primary 

D. Primary > Teritiary > Secondary 

17. Unemployment Rate in India in the year 2016 was ________. 

A. 10% 

B. 15% 

C. 5% 

D. 3% 

18. The term lIP stands for: 

A. Industrial Index of Production  

B. Indian Institute of Packaging 

C. Index of Industrial Production 

D. Index of Industrial Performance 

19. Which one of the following is the demographic chara^ep&tic of developing economy? 

A. High Birth Rate and Low Death Rate  

B. Low Birth Rate and High Death Rate  

C. Low Birth Rate and Low Death Rate  

D. High Birth Rate and High Death Rate 

20. Which of the following is the most important category of service import during 2014-15?  

A. Financial Service 

B. Business Service  

C. Transportation  

D. Both B and C 

21. In 1990-91 the share of which sector was the highest in the GDP of India?  

A. Tertiary 

B. Secondary 

C. Primary 

D. None of the Above 

22. India majorly exports ________ services 

A. Travel  

B. Business  

C. Software 

D. Financial 

23. Favorable Foreign trade has _______. 

A. Import = Export  

B. Import × Export 

C. Import > Export  

D. Export < Import 

24. In the year 2014, India's Service export was _______. 

A. US$ 155.6 Million  

B. US$ 15.6 Billion  

C. US$ 155.6 Billion 

D. US$ 1.6 Billion 

25. What is full form of M&A?  

A. Mortgage and Acquisitions 

B. Mergers and Activity 

C. Mortgage and Activity 

D. Mergers and Acquisitions 

26. Which of the Imports swallows the largest amount of foreign exchange?  

A. Machines 

B. Leather  

C. Petroleum  

D. Gold 

27. Production of a commodity through the natural process is an activity in _________ Sector. 

A. Industrial  

B. Water Supply  

C. Construction 

D. Primary 

28. Disguised unemployment among people is found in  

A. Agricultural Sector  

B. Service Sector  

C. Industrial Sector  

D. None of the Above 

29. When did the service sector growth picked up its pace from moderate to high?  

A. 1960  

B. 1990 

C. 1980  

D. 2010 

30. The percentage of active population engaged in the agriculture in India the year 2012 was ________. 

A. 72.2 

B. 48.2 

C. 63.0 

D. 51.5

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