Economy Basic Concepts - WBCS Online Portal for Self Studies

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Economy Basic Concepts

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Which of the following occupations are included under
secondary sector as per the national income accounts ?
1. Manufacturing
2. Construction
3. Gas and water supply
4. Mining and quarrying
Select the correct answer using the codes given below
(a) 1, 2, 3 and 4 (b) 1, 2 and 4
(c) 1, 2 and 3 (d) 3 and 4


its C…. Mining and quarrying is in Primary Sector baki sob Secondary

Tahole hoyto Nitin singhania er boi te vul ache .

1 . 3 . R 4 mone hocche .

Consider the following statements :
(1) Higher growth in GDP and population can occur
(2) Per capita income always decreases with high
population growth.
Which of the statements given above is/are correct?
(a) 1 only (b) 2 only
(c) Both 1 and 2 (d) Neither 1 nor 2


both are correct

When community development programme (CDP) started ?



A dual economy means:
1. The existence of black money and white money
2. The existence of agriculture and industry
3. The existence of commercial agriculture with
subsistence farming
4. Modern industry and commercial agriculture coexisting
with subsistence farming and traditional
(a) 1 only (b) 1, 2 and 4
(c) 2, 3 and 4 (d) All of these


What is NSSO ?

National Social Science Organisation
National Social Study Organisation
National Security Science Organisation
National Sample Survey Organisation

National Sample Survey Organisation

Which of the following are the main causes of slow rate
of growth of per capita income in India?
1. High capital output ratio(capital needed to produce one unit of output)
2. High rate of growth of population
3. High rate of capital formation
4. High level of fiscal, deficits
(a) 1, 2, 3 and 4 (b) 2, 3 and 4
(c) 1, 3 and 4 (d) 1 and 2


D.. 1 & 2

India’s ranking in the ‘ Ease of Doing Business Index’ is presently 100 (Oct 2017). Which of the following organisation declares this ranking ?
A] World Economic Forum
B] World Bank
C] International Monetary Fund
D] World Trade Organisation


National Development Council was constituted on

2 August, 1952
6 August, 1952
8 August, 1952
12 August, 1952

most prob 6 th Aug 1952

6th August. 1952 .

The data of estimation of India’s National income is issued by ?

Planning Commision
National Data Center
Central Statistical Organsation
None of above

Central Statistical Organsation

National product at factor cost is equal to
(a) Domestic product + Net factor income from abroad
(b) National product at market prices – indirect taxes +
(c) Gross domestic-product – depreciation
(d) National product at market prices + Indirect taxes
+ subsidies


its A

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