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AFCAT Indian Economy & Economic Development — practice questions — page 2

Explore 42 free Indian Economy & Economic Development questions in AFCAT Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Indian Economy & Economic Development questions and exercises with answers

Showing questions 31–42 of 42.

To obtain full benefits of demographic dividend, what should India do?Read the answer and worked solution →Which one of the following is likely to be the most inflationary in its effect?Read the answer and worked solution →In terms of economy, the visit by foreign nationals to witness the XIX Common Wealth Games in India amounted toRead the answer and worked solution →A "closed economy" is an economy in whichRead the answer and worked solution →In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?Read the answer and worked solution →Economic growth is usually coupled withRead the answer and worked solution →The lowering of Bank Rate by the Reserve Bank of India leads toRead the answer and worked solution →Per Capita Income (PCI) is calculated as:Read the answer and worked solution →The Human Development Index (HDI) combines indicators from which three areas?Read the answer and worked solution →Infant Mortality Rate (IMR) measures:Read the answer and worked solution →Sustainable development is best defined as:Read the answer and worked solution →The three pillars of sustainability are typically:Read the answer and worked solution →

Worked practice questions

To obtain full benefits of demographic dividend, what should India do?

  1. Promoting skill development
  2. Introducing more social security schemes
  3. Reducing infant mortality rate
  4. Privatization of higher education
Show answer and solution

Correct answer: A. Promoting skill development

UPSC CSE Prelims 2013 (GS-I, Set A), Q.78. Official answer key: A.

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Which one of the following is likely to be the most inflationary in its effect?

  1. Repayment of public debt
  2. Borrowing from the public to finance a budget deficit
  3. Borrowing from banks to finance a budget deficit
  4. Creating new money to finance a budget deficit
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Correct answer: D. Creating new money to finance a budget deficit

UPSC CSE Prelims 2013 (GS-I, Set A), Q.84. Official answer key: D.

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In terms of economy, the visit by foreign nationals to witness the XIX Common Wealth Games in India amounted to

  1. Export
  2. Import
  3. Production
  4. Consumption
Show answer and solution

Correct answer: A. Export

Spending by foreign visitors in India is an export of travel or tourism services from India. Therefore the visit of foreign nationals to witness the Commonwealth Games corresponds to export, option A.

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