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UPSC CSE Indian Economy — practice questions — page 5

Explore 387 free Indian Economy questions in UPSC CSE Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Indian Economy questions and exercises with answers

Showing questions 121–150 of 387.

Who wrote An Enquiry into the Nature and Cause of the Wealth of Nations?Read the answer and worked solution →A good meant for final use that passes through no more stages of production is a:Read the answer and worked solution →Steel sheets used to make cars and copper used for utensils are examples of:Read the answer and worked solution →Tools, implements and machines used in production are called:Read the answer and worked solution →Televisions and automobiles, durable goods bought for final consumption, are called:Read the answer and worked solution →The common measuring rod used to add up different goods and services is:Read the answer and worked solution →Value of a firm's output minus the value of intermediate goods it used is its:Read the answer and worked solution →Depreciation of capital is also known as:Read the answer and worked solution →Gross value added minus depreciation gives:Read the answer and worked solution →The stock of unsold finished or semi-finished goods a firm carries into the next year is its:Read the answer and worked solution →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 →

Worked practice questions

Who wrote An Enquiry into the Nature and Cause of the Wealth of Nations?

  1. Adam Smith
  2. John Keynes
  3. Karl Marx
  4. David Ricardo
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Correct answer: A. Adam Smith

1. He was a pioneer of economics. 2. Adam Smith wrote the Wealth of Nations. 3. It asked what makes nations rich or poor. _Source: syllabus Introductory Macroeconomics, Chapter 2, National Income Accounting._

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A good meant for final use that passes through no more stages of production is a:

  1. Input good
  2. Final good
  3. Raw material
  4. Intermediate
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Correct answer: B. Final good

1. Once sold it leaves the active economic flow. 2. Such an item is a final good. 3. Its use, not its nature, makes it final. _Source: syllabus Introductory Macroeconomics, Chapter 2, National Income Accounting._

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Steel sheets used to make cars and copper used for utensils are examples of:

  1. Intermediate goods
  2. Final consumer goods
  3. Consumer durables
  4. Capital machines
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Correct answer: A. Intermediate goods

1. They are inputs for other products. 2. They are intermediate goods. 3. They are not counted in GDP directly. _Source: syllabus Introductory Macroeconomics, Chapter 2, National Income Accounting._

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Current AffairsOrganisationsPlanning And EconomyIndian PolityAgricultureIndependent IndiaColonial IndiaModern Indian History