History of Development and Planning

6 )

Which of the following factors are responsible for the slow increase in per capita income in India:

1. Rapid increase in prices.

2. Rapid increase in population

3. Unavailability of foreign exchange

4. Slow pace in development of agriculture and industries.

1 and 2

2 and 3

1, 2 and 4

1, 2, 3 and 4

3 and 4

View Solution

Answer :

Per capita income is India is showing slow increase because of the rapid increase in prices, rapid increase in population. Along with it the development of Agriculture and industries is not increasing with rapidity.

So statements 1, 2 and 4 are correct.

Unavailability of foreign exchange is not a factor, responsible for the slow increase in Per Capita income in India

7 )

The salient features of Indian Economy include which of the following:

1. Low per capita Income.

2. Unemployment

3. Sufficient capital

4. Lack of Natural resources.

only 1

1 and 2

only 2

3 and 4

1 and 4

View Solution

Answer :

Indian economy is a developing economy and it’s salient features includes

1. Low per capita income 2. Abundant unemployment

3. Low efficiency of labor 4. Low rate of capital formation etc.

India has not sufficient capital and natural resources are abundant in India.

So statement (3) and (4) are not correct.

8 )

Gross Domestic Product (GDP) defined as a value of all:

Goods and produced in an economy in a year.

Final goods produced in an economy in a year.

Final goods and services produced in an economy in a year

Goods and services in an economy in a year.

None of these

View Solution

Answer :

Final goods and services produced in the geographical territory of a country in a financial year is called Gross Domestic Product,

so GDP is an aggregate of total flow of goods and services.

Produced by an economy in a year

9 )

Which of the following are included in tertiary sectors:

i. Trade and transport

ii. Forestry and fishing

iii. Finance and real estate.

Only i

Only ii

Both i and ii

Only iii

Only i and iii

View Solution

Answer :

3 sectors have been identified in Indian economy they are

1) Primary sector, 2) Secondary sector, 3) Tertiary sector.

Forestry and Fishing come under primary sector while trade and transport, finance and Real estate etc. come in Tertiary sector.

10 )

Which of the following contributes most in Gross Domestic Product (GDP) of India:

Electricity, gas and water supply

Services

Agricultural and allied activities.

Manufacturing industry

None of these

View Solution

Answer :

As the economy of any country develops the share of the tertiary sector in it’s Gross Domestic Product increases gradually. Service sector is contributing most in Gross Domestic Product in India in the present scenario. The share of services sector in GDP has reached to 58.2% in 2010-11 while it was 29.6% in 1950-51. It has become possible because of the expansion of Transport and communication sector.

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