Indian Economy Questions Practice Question and Answer
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Q: What does the Lorenz Curve indicate?
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5f4cb8bf82369c1d610dc8b5- 1Relationship between the price of a certain commodity and its demandfalse
- 2Income distributiontrue
- 3Rate of employmentfalse
- 4Taxable income elasticityfalse
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Answer : 2. "Income distribution"
Q: A ____________ occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings.
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5f4cb7765e74bc4ee54ea1cb- 1Current Account Deficitfalse
- 2Budgetary Deficitfalse
- 3Revenue Deficitfalse
- 4Fiscal Deficittrue
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Answer : 4. "Fiscal Deficit"
Q: Unemployment that arises when there is a general downturn in business activity is known as
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5f48ce9ae7f09063e6307182- 1Structural unemploymentfalse
- 2Frictional unemploymentfalse
- 3Cyclical unemploymenttrue
- 4Disguised unemploymentfalse
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Answer : 3. "Cyclical unemployment "
Q: Stagflation is defined as
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5f437d353688b83fde024abc- 1high inflation, low growth, high unemploymentfalse
- 2high inflation, low growth, high unemploymenttrue
- 3high inflation, high growth, high unemploymentfalse
- 4low inflation, high growth, low unemploymentfalse
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Answer : 2. "high inflation, low growth, high unemployment "
Q: Values of total goods and services produced in a country is its _____.
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5f437c5d77e1d45e845c02fc- 1Gross Revenue Incomefalse
- 2Gross Domestic Producttrue
- 3Total Goods Revenuefalse
- 4Total Incomefalse
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Answer : 2. "Gross Domestic Product "
Q: Real national income denotes.
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5f435f2c97c6dd29b38e4c31- 1Per capital incomefalse
- 2National income at constant pricestrue
- 3National income at current pricesfalse
- 4Net factor incomefalse
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Answer : 2. "National income at constant prices"
Q: PSW stands for
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5f435c623688b83fde012fad- 1Process status wordfalse
- 2Processor status wordfalse
- 3Program status wordtrue
- 4Primitive status wordfalse
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Answer : 3. "Program status word"
Q: Purchasing Power Parity theory is related with
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5f35fd8aba71a36b207d5f27- 1Wage ratefalse
- 2Exchange ratetrue
- 3Interest ratefalse
- 4Bank ratefalse
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Answer : 2. "Exchange rate "
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