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State PSC Current Affairs — practice questions — page 4

Explore 347 free Current Affairs questions in State PSC Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Current Affairs questions and exercises with answers

Showing questions 91–120 of 347.

Addition to the stock of capital of a firm is known as:Read the answer and worked solution →How many major categories of investment are there?Read the answer and worked solution →GDP by the product method is the sum of what across all firms?Read the answer and worked solution →By the expenditure method, GDP equals C plus I plus G plus X minus:Read the answer and worked solution →Among the expenditure components of GDP, which is the most unstable?Read the answer and worked solution →Which body replaced GDP at factor cost with GVA at basic prices in January 2015?Read the answer and worked solution →Land revenue and stamp and registration fees are examples of:Read the answer and worked solution →GVA at basic prices plus net product taxes gives GVA at:Read the answer and worked solution →GDP plus net factor income from abroad equals:Read the answer and worked solution →GNP minus depreciation equals:Read the answer and worked solution →NNP at market prices minus net indirect taxes is called:Read the answer and worked solution →Personal income minus personal tax and non-tax payments gives:Read the answer and worked solution →Catch the final goodsRead the answer and worked solution →Pop the income aggregatesRead the answer and worked solution →Run the GDP exampleRead the answer and worked solution →Slice the GDP methodsRead the answer and worked solution →Stock or flowRead the answer and worked solution →Sort the GDP methodsRead the answer and worked solution →Type the numberRead the answer and worked solution →National income bingoRead the answer and worked solution →Which company became leader in India's small car market by spotting the need early?Read the answer and worked solution →In which year was the Companies Act cited among India's business laws passed?Read the answer and worked solution →The Industries (Development and Regulation) Act was passed in:Read the answer and worked solution →The Consumer Protection Act cited in the legal environment dates from:Read the answer and worked solution →At independence, about what share of India's working population was in agriculture?Read the answer and worked solution →The New Industrial Policy that opened the economy was announced in:Read the answer and worked solution →The 1991 policy reduced the number of industries under compulsory licensing to:Read the answer and worked solution →After 1991 the public sector's role was limited to how many industries of strategic importance?Read the answer and worked solution →Which board was set up in 1991 to promote and channel foreign investment?Read the answer and worked solution →Freeing industry from the licensing system is called:Read the answer and worked solution →

Worked practice questions

Addition to the stock of capital of a firm is known as:

  1. Investment
  2. Consumption
  3. Depreciation
  4. Inventory
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Correct answer: A. Investment

1. Change in inventory counts as investment. 2. Adding to capital stock is investment. 3. Fixed business and residential are the other kinds. _Source: syllabus Introductory Macroeconomics, Chapter 2, National Income Accounting._

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How many major categories of investment are there?

  1. Seven
  2. Three
  3. Four
  4. Five
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Correct answer: B. Three

1. Inventory rise, fixed business, residential. 2. There are three categories. 3. Residential means new housing. _Source: syllabus Introductory Macroeconomics, Chapter 2, National Income Accounting._

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GDP by the product method is the sum of what across all firms?

  1. Total wages paid
  2. Value of exports
  3. Gross value added
  4. Total sales value
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Correct answer: C. Gross value added

1. Adding total output would double count. 2. GDP is the sum of gross value added. 3. All three methods give the same answer. _Source: syllabus Introductory Macroeconomics, Chapter 2, National Income Accounting._

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