EASY
UPSC CAPF AC Paper - I
IMPORTANT
Earn 100

Consider the following statements
1. Phillips 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.
Which of the statements given above is/are correct?

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Important Questions on Indian Economy

EASY
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 1>Q 15
Mixed economy means an economy where
EASY
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 1>Q 16
The value of all final goods and services produced by the ordinary residents of a country and their property who are operating within the domestic territory of the country or outside in a year is termed as_____.
EASY
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 1>Q 17
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?
EASY
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 1>Q 18
Which of the following factors is/are accounted in the calculation of Gross Domestic Product of a country in the expenditure method?
EASY
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 1>Q 19

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:

MEDIUM
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 1>Q 20
National product at factor cost is equal to
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UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 1>Q 21
Which one of the following pairs of age is used as the minimum and maximum values of age to determine the life expectancy at the birth by UNDP?
EASY
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 1>Q 22
Consider the following statements.
1. Agricultural sector is continued to be the primary employment providing sector of India.
2. Service sector is the principal source of employment in urban areas in India.
Which of the statements given above is/are correct?