Indian Economy Fully solved questions with complete explanation for written test, interview, competitive exams and entrance test. This section is very useful for those who are preparing for competitive exams such as Written test of IT companies,Bank Exams, CAT Exams, GATE Exams, Railway Exams, SSC, UPSC, Defence and many more.

Q. Which of the following is deducted from NNP to arrive at NI?

  • A) Indirect tax
  • B) Capital consumption
  • C) Subsidy
  • D) Interest
Q. Which one of the following is not included while estimating National Income through income method?

  • A) Rent
  • B) Mixed income
  • C) Pension
  • D) Undistributed profits
Q. India’s Balance of Payments can be corrected through

  • A)  devaluation of currency
  • B) vigorous export promotion
  • C) import substitution
  • D) All of the above
Q. The proceeds of Income tax go to

  • A) Central Government
  • B) State Government
  • C) Centre and States
  • D) Corporation Authorities
Q. Gilt-edged market means

  • A) bullion market
  • B) market of government securities
  • C) market of guns
  • D) market of pure metals
Q. The law of demand states that

  • A) demand increases with increase in income
  • B) when income and prices rise, the demand also rises
  • C) when price falls, demand increases
  • D) when price increases, demand increases
Today's Challenging Question
Q. Ajay & Bimal can do a price of work in 10 days, Bimal & Chetan can do in 15 days and Chetan and Ajay in 20 days. They work together for 6 days and then Ajay leaves and now Bimal & Chetan work together for 4 more days. If Bimal leaves, how long will Chetan take to finish the work?
A) 12 days
B) 10 days
C) 16 days
D) none
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