World Economy

World Economy

Easy Questions
Moderate Questions
Difficult Questions

Indian Economy

Nature of Indian Economy
National Income in India
Planning in India
Population of India
Natural Resources of India
Infrastructure
Social Sectors
Agriculture
World Economy
Industry
Money
Banking
Public Finance
Foreign Trade
International Organisations
Centre-State Relations
Public Service Commission-1
Election Commission
Goods and Service Tax
Emergency Provisions
Constitutional Amendments
Order of Precedence
Indian economy miscellaneous
  1. Which one of the following countries has the highest percentage of the services sector in the GDP of the country ?








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    The economy of the United States is the world,s largest single national economy. The United States' nominal GDP was estimated to be $16.6 trillion in June 2013. It has the highest percentage of the services sector in the GDP equivalent of 79.7 %.

    Correct Option: A

    The economy of the United States is the world,s largest single national economy. The United States' nominal GDP was estimated to be $16.6 trillion in June 2013. It has the highest percentage of the services sector in the GDP equivalent of 79.7 %.

  1. Which of the following sectors of the Indian Economy is prohibited from Foreign Direct Investments (FDIs) ?








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    Retail trading, lottery business and gambling and betting are the sectors of the Indian economy are prohibited from Foreign Direct Investment (FDIs).

    Correct Option: D

    Retail trading, lottery business and gambling and betting are the sectors of the Indian economy are prohibited from Foreign Direct Investment (FDIs).

  1. Which one of the following laws/ curves stated that the lower the unemployment in an economy, the higher the rate of Inflation ?








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    Phillips curve is a historical inverse relationship between the rate of unemployment and the rate of inflation in an economy. Philip,s curve stated that the lower the unemployment in an economy, the higher the rate of inflation.

    Correct Option: D

    Phillips curve is a historical inverse relationship between the rate of unemployment and the rate of inflation in an economy. Philip,s curve stated that the lower the unemployment in an economy, the higher the rate of inflation.

  1. In which one of the following Five Year Plans, was the EXIM bank establish in India ?








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    During the Sixth Five Year Plan the EXIM bank was established in India. Export-Import Bank of India is the premier export finance institution of the country, established in 1982 under the Export-Import Bank of India Act 1981.

    Correct Option: C

    During the Sixth Five Year Plan the EXIM bank was established in India. Export-Import Bank of India is the premier export finance institution of the country, established in 1982 under the Export-Import Bank of India Act 1981.

  1. The International Development Association, a lending agency is administered by the








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    The International Development Association (IDA) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries. The IDA is a member of the World Bank Group and is headquartered in Washington DC. It is administered by the International Bank for Reconstruction and Development (IBRD).

    Correct Option: A

    The International Development Association (IDA) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries. The IDA is a member of the World Bank Group and is headquartered in Washington DC. It is administered by the International Bank for Reconstruction and Development (IBRD).