Nature of Indian Economy Moderate Questions and Answers

Nature of Indian Economy

Which of the following governmental steps has proved relatively effective in controlling the double digit rate of inflation in the Indian economy during recent years?

Containing budgetary deficits and unproductive expenditure

Correct Option: A

Containing budgetary deficits and unproductive expenditure

What is the approximate share of SSIs in gross industrial value added in the Indian economy?

The small-scale industries sector plays a vital role in the growth of the country. It contributes almost 40% of the gross industrial value added in the Indian economy.

Correct Option: D

The small-scale industries sector plays a vital role in the growth of the country. It contributes almost 40% of the gross industrial value added in the Indian economy.

Consider the following statements:
1. The Fifth Economic Census was conducted by CSO in the year 2007.
2. Intelligent Character Recognition (ICR) technology is being used for detailed processing of the data collected in the Fifth Economic Census.
Which of the statements given above is/are correct?

Correct Option: B

2 only

Who among the following has suggested migration to accrual accounting system from cash based accounting system in India?

Correct Option: B

D.N. Ghosh

Which one of the following is not a feature of India's economic planning?

Imperative planning is not a feature of economic planning of India. In case of imperative planning economic activities belong to public sector.

Correct Option: A

Imperative planning is not a feature of economic planning of India. In case of imperative planning economic activities belong to public sector.