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Page 1 CPT Section C General Economics Chapter 5 Unit 1 CS.Manish Dua Page 2 CPT Section C General Economics Chapter 5 Unit 1 CS.Manish Dua MCQ's Page 3 CPT Section C General Economics Chapter 5 Unit 1 CS.Manish Dua MCQ's 1. According to the World Bank estimates, India’s per capita income in 2011: • ( a) $ 480 • ( b) $1410 • ( c) $ 1180 • ( d) $ 720 Answer: b Page 4 CPT Section C General Economics Chapter 5 Unit 1 CS.Manish Dua MCQ's 1. According to the World Bank estimates, India’s per capita income in 2011: • ( a) $ 480 • ( b) $1410 • ( c) $ 1180 • ( d) $ 720 Answer: b (a) 6.6% (b) 8.2% ( c) 7.3% ( d) 5.6% Answer: a On the basis of current daily status (CDS) unemployment rate in 66 th NSSO round was Page 5 CPT Section C General Economics Chapter 5 Unit 1 CS.Manish Dua MCQ's 1. According to the World Bank estimates, India’s per capita income in 2011: • ( a) $ 480 • ( b) $1410 • ( c) $ 1180 • ( d) $ 720 Answer: b (a) 6.6% (b) 8.2% ( c) 7.3% ( d) 5.6% Answer: a On the basis of current daily status (CDS) unemployment rate in 66 th NSSO round was (a) 54% (b) 56% (c) 50% (d) 65% Answer: c Presently, the population engaged in agricultural sector is ………..Read More
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FAQs on MCQ - Nature of Indian Economy - Business Economics for CA Foundation
| 1. What is the nature of the Indian economy? |  |
Ans. The nature of the Indian economy can be described as a mixed economy, which combines elements of both socialism and capitalism. It has a large public sector with government control over key industries, while also allowing for private sector participation and market-driven forces.
| 2. What are the key features of the Indian economy? | |
Ans. The key features of the Indian economy include a vast and diverse market, high population, significant income inequality, agricultural dominance, growing service sector, and a focus on technological advancements. It also faces challenges such as unemployment, poverty, and infrastructure gaps.
| 3. How does the Indian economy function? | |
Ans. The Indian economy functions through a complex network of production, distribution, and consumption. It is driven by various sectors such as agriculture, industry, and services. The government plays a crucial role in formulating policies, regulating markets, and promoting inclusive growth.
| 4. What are the major sectors contributing to the Indian economy? | |
Ans. The major sectors contributing to the Indian economy are agriculture, industry, and services. Agriculture employs a significant portion of the population and contributes to food security. The industry sector encompasses manufacturing, mining, and construction. Services, including IT, telecommunications, banking, and tourism, have seen rapid growth in recent years.
| 5. What are the current challenges faced by the Indian economy? | |
Ans. The Indian economy faces several challenges, including unemployment, poverty, income inequality, inadequate infrastructure, and regional disparities. It also grapples with issues such as corruption, bureaucratic hurdles, and environmental sustainability. Addressing these challenges is crucial for achieving inclusive and sustainable economic growth.
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