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Economic Survey Quiz Part 5

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Question 1

Which of the following is/are the part of GDP?
1) Consumer spending
2) Business investment
3) Government spending
4) Net exports
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Question 2

Which of the following is/are instruments of financial savings by households?
1) Life Insurance Funds
2) Provident Funds
3) Shares and debentures
4) Currency
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Question 3

Which of the following is not one of the eight core industries in India?

Question 4

With reference to Private Consumption Expenditure in India, which of the following statements is/are correct?
1) Services constitutebulk of the private consumption expenditure.
2) Spending on non durable goods is more than on durable goods.
Select the correct statement(s) using the code given below:

Question 5

With reference to consumer demand laws in economics, which of the following statements is/are correct?
1) Engel's Law states that as income increases, the proportion of the budget spent on food increases.
2) Bennett's Law states that as income increases, the proportion of the budget spent on 'starchy-staples' decreases.
Select the correct statement(s) using the code given below:

Question 6

With reference to savings in India, which of the following statements is/are correct?
1) Household sector accounts for the bulk of the savings.
2) Public sector savings are more than Private sector savings.
Select the correct statement(s) using the code given below:

Question 7

With reference to Balance of Payment (BoP), which of the following statements is/are correct?
1) It is the record of all economic transactions between the residents of the country and the rest of the world in a particular period.
2) BOP does not include remittances from the Indian Diaspora.
Select the correct statement(s) using the code given below:

Question 8

With reference to growth prospects of India, which of the following statements is/are correct?
1) Protectionist measures in developed countries could have an adverse impact on India’s exports.
2) Increase in real interest rates in developed countries could lead to more capital inflows to India.
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Question 9

With reference to India’s ratings and rankings, which of the following statements is/are correct?
1) India has leapt 30 ranks in the World Bank’s latest Doing Business Report 2018
2) As per Moody’s, India’s credit rating is at the lowest investment grade.
Select the correct statement(s) using the code given below:

Question 10

With reference to credit ratings, which of the following would positively impact the credit rating of a country?
1) Low debt burden
2) Removing barriers to interstate trade
3) Targeted delivery of social benefits
4) Reduced informality in the economy
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Mar 15Other State PSC