National Income & Economic Growth — UPSC Prelims Previous Year Questions

Q: With reference to the sectors of the Indian economy, consider the following pairs: Economic activity — Sector 1. Storage of agricultural produce — Secondary 2. Dairy farm — Primary 3. Mineral exploration — Tertiary 4. Weaving cloth — Secondary How many of the pairs given above are correctly matched?

Q: भारतीय अर्थव्यवस्था में भौतिक पूंजी के संदर्भ में, निम्नलिखित युग्मों पर विचार कीजिए: वस्तु — श्रेणी 1. किसान का हल — कार्यशील पूंजी 2. कंप्यूटर — स्थिर पूंजी 3. कुछ वर्षों प्रयोग किया जाने वाला सूट — स्थिर पूंजी 4. पेट्रोल — कार्यशील पूंजी उपरोक्त युग्मों में से कितने सही सुमेलित हैं?

Q: निम्नलिखित में कौन-कौन से गतिविधियाँ अर्थव्यवस्था में वास्तविक क्षेत्र (Real Sector) का निर्माण करती हैं? 1. किसानों का अपनी फ़सलें काटना 2. कपड़ा मिलों का कच्चे कपास को फ़ेब्रिक में बदलना 3. किसी वाणिज्यिक बैंक का किसी व्यापारी कम्पनी को ऋण देना 4. किसी कंप्यूटर विनिर्माण कम्पनी का विदेश में मूल्यांकित बॉण्ड जारी करना नीचे दिए कूट का प्रयोग कर सही उत्तर चुनिए:

Q: निम्नलिखित कथनों पर विचार कीजिए : अन्य बातें अपरिवर्तित रहने पर, यदि किसी वस्तु के लिए बाजार माँग बढ़ सकती है, यदि 1. इसकी प्रतिस्थापन वस्तु की कीमत में वृद्धि हो 2. इसकी पूरक वस्तु की कीमत में वृद्धि हो 3. वस्तु घटिया किस्म की है और उपभोक्ताओं की आय में वृद्धि होती है 4. इसकी कीमत घटती है उपर्युक्त कथनों में से कौन-से सही हैं?

Q: Consider the following statements : Other things remaining unchanged, market demand for a good might increase if 1. price of its substitute increases 2. price of its complement increases 3. the good is an inferior good and income of the consumers increases 4. its price falls Which of the above statements are correct?

Q: Consider the following statements: 1. Purchasing Power Parity (PPP) exchange rates are calculated by comparing the prices of the same basket of goods and services in different countries. 2. In terms of PPP dollars, India is the sixth-largest economy in the world. Which of the statements given above is/are correct?

Q: यदि सरकार द्वारा कोई वस्तु जनता को नि:शुल्क उपलब्ध कराई जाती है, तो

Q: निरपेक्ष तथा प्रति व्यक्ति वास्तविक GNP की वृद्धि आर्थिक विकास की ऊँची दर का संकेत नहीं करती, यदि

Q: Despite being a high saving economy, capital formation may not result in significant increase in output due to

Q: With reference to Indian economy, consider the following statements: 1. The rate of growth of Real Gross Domestic Product has steadily increased in the last decade. 2. The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade. Which of the statements given above is/are correct?

Q: Economic growth in country X will necessarily have to occur if

Q: The national income of a country for a given period is equal to the

Q: In the context of Indian economy, consider the following statements: 1. The growth rate of GDP has steadily increased in the last five years. 2. The growth rate in per capita income has steadily increased in the last five years. Which of the statements given above is/are correct?

Q: In the context of Indian economy, consider the following pairs: Term – Most appropriate description 1. Melt down – Fall in stock prices 2. Recession – Fall in growth rate 3. Slow down – Fall in GDP Which of the pairs given above is/are correctly matched?

Q: With reference to BRIC countries, consider the following statements: 1. At present, China’s GDP is more than the combined GDP of all the three other countries. 2. China’s population is more than the combined population of any two other countries. Which of the statements given above is/are correct?

Q: With reference to Indian economy, consider the following statements : 1. The Gross Domestic Product (GDP) has increased by four times in the last 10 years. 2. The percentage share of Public Sector in GDP has declined in the last 10 years. Which of the statements given above is/are correct ?

Q: The term “Prisoner’s Dilemma” is associated with which one of the following?

Q: Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India?

Q: Which one among the following countries has the lowest GDP per capita?

Q: With reference to the Indian economy, consider the following activities: 1. Agriculture, Forestry and Fishing 2. Manufacturing 3. Trade, Hotels, Transport and Communication 4. Financing, Insurance, Real Estate and Business services The decreasing order of the contribution of these sectors to the Gross Domestic Product (GDP) at factor cost at constant prices (2000-01) is

Q: The term National Income represents

Q: Consider the following States: I. Gujarat II. Karnataka III. Maharashtra IV. Tamil Nadu The descending order of these States with reference to their level of Per Capita Net State Domestic Product is

Q: The most appropriate measure of a country’s economic growth is its

Q: The following table shows the percentage change in the consumption of electricity by five towns P, Q, R, S, T from 1986 to 1988: Town Per cent change from 1986 to 1987 From 1987 to 1988 P +8 −18 Q +15 −11 R +6 +9 S −7 −5 T +13 −6 If town T consumed 500,000 units in 1986, how much did it consume in 1988?

Q: The growth rate of per capita income at current prices is higher than that of per capita income at constant prices, because the latter takes into account the rate of

Q: The new Gross Domestic Product (GDP) series released by the Central Statistical Organisation (CSO) in February 1999 is with reference to base price of

Q: Match List I with List II and select the correct answer using the codes given below the Lists: List I I. Boom II. Recession III. Depression IV. Recovery List II A) Business activity at high level with increasing income, output and employment at macro level B) Gradual fall of income, output and employment with business activity in a low gear C) Unprecedented level of under employment and unemployment, drastic fall in income, output and employment D) Steady rise in the general level of prices, income, output and employment Codes:

Q: In an open economy, the national income (Y) of the economy is: (C, I, G, X, M stand for Consumption, Investment, Government Expenditure, total exports and total imports respectively.)

Q: Consider the following statements: Regional disparities in India are high and have been rising in recent years because 1. there is persistent investment over time only in select locales. 2. some areas are agro-climatically less conducive to development. 3. some areas continue to face little or no agrarian transformation and the consequent lack of social and economic opportunities. 4. some areas have faced continuous political instability. Which of the above statements are correct?

Q: Since 1980, the share of the tertiary sector in the total GDP of India has

Q: A consumer is said to be in equilibrium, if

Q: The supply-side economics lays greater emphasis on the point of view of the

Q: The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

Q: National Income is the

Q: Assertion (A): Though India’s national income has gone up several fold since 1947, there has been no marked improvement in the per capita income level. Reason (R): Sizeable proportion of the population of India is still living below the poverty line. In the context of the above two statements which one of the following is correct?

Q: The following figure represents sales (in thousands) over the period 1978 to 1983: [bar chart showing sales values for years 78-83] The sales in 1981 exceeded that in 1979 by

Q: 93. The main reason for low growth rate in India, in spite of high rate of savings and capital formation is

Q: Consider the diagram given below: (Pie-chart showing family expenditure with segments labelled T: Transport, Ec: Education of children, H: Housing, C: Clothing, F: Food, S: Savings, O: Others.) From the diagram shown it would be right to conclude that