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With reference to the Indian economy, consider the following statements:
1. The share of agriculture and allied sectors in the total GVA of the country has declined in the last five years.
2. The contribution of industrial activities to GVA has increased in the last five years.
Which of the statements given above is/are correct?
Right Ans: A
• Statement 1 is correct. Share of agriculture and allied sectors in the total GVA of the country has declined from 2009-14 to 2014-19 mainly on account of relatively higher growth performance of tertiary sectors. This is a natural outcome of the development process that leads to faster growth of non-agricultural sectors.
Right Ans: A
• Statement 1 is correct. Share of agriculture and allied sectors in the total GVA of the country has declined from 2009-14 to 2014-19 mainly on account of relatively higher growth performance of tertiary sectors. This is a natural outcome of the development process that leads to faster growth of non-agricultural sectors.
The term ‘quasi-corporates’ has been mentioned in the economic-survey to denote
Right Ans: C
• The term ‘quasi-corporates’ has been mentioned in the economic-survey to denote the unincorporated enterprises belonging to households, which have complete sets of accounts.
• As per the survey the household sector includes family households as well as ‘quasi-corporates’.
Right Ans: C
• The term ‘quasi-corporates’ has been mentioned in the economic-survey to denote the unincorporated enterprises belonging to households, which have complete sets of accounts.
• As per the survey the household sector includes family households as well as ‘quasi-corporates’.
The Non-debt Capital receipts of the Central government comprises of
1. External grants
2. Recovery of loans and advances
3. Disinvestment receipts
4. Surplus of RBI transferred to Government of India
Select the correct answer using the code given below:
Right Ans: B
• The revenue receipts of the Central government comprise both tax and non-tax revenues while capital receipts consist of capital receipts and non-debt capital receipts.
• Non-debt capital receipts is known as NDCR, account for about 3% of the central government’s total receipts.
Non-debt capital receipts (NDCR) of the union government include:
1. Recoveries of loans and advances given to state governments, Union territories and foreign governments
2. Disinvestment proceeds
3. Money accrued to the Union government from listing of central government companies and issue of bonus shares
In the budget documents, the Union government usually lists non-debt capital receipts in two broad categories – recovery of loans and other receipts. Other receipts basically mean disinvestment proceeds from the sale of the government’s share in public sector companies.
Recoveries of loans and advances:
Right Ans: B
• The revenue receipts of the Central government comprise both tax and non-tax revenues while capital receipts consist of capital receipts and non-debt capital receipts.
• Non-debt capital receipts is known as NDCR, account for about 3% of the central government’s total receipts.
Non-debt capital receipts (NDCR) of the union government include:
1. Recoveries of loans and advances given to state governments, Union territories and foreign governments
2. Disinvestment proceeds
3. Money accrued to the Union government from listing of central government companies and issue of bonus shares
In the budget documents, the Union government usually lists non-debt capital receipts in two broad categories – recovery of loans and other receipts. Other receipts basically mean disinvestment proceeds from the sale of the government’s share in public sector companies.
Recoveries of loans and advances:
Recently, the Supreme Court of India upheld the Department of Telecommunications’ (DoT) definition of adjusted gross revenue (AGR). As per the verdict, the AGR includes:
1. Revenue from handset sales
2. Profit from sale of scrap
3. Revenue from providing telecom services
Select the correct answer using the code given below:
Recently, the Supreme Court of India upheld the Department of Telecommunications’ (DoT) definition of adjusted gross revenue (AGR). As per the verdict, the AGR includes:
1. Revenue from handset sales
2. Profit from sale of scrap
3. Revenue from providing telecom services
Select the correct answer using the code given below:
Recently, the Supreme Court of India upheld the Department of Telecommunications’ (DoT) definition of adjusted gross revenue (AGR). As per the verdict, the AGR includes:
1. Revenue from handset sales
2. Profit from sale of scrap
3. Revenue from providing telecom services
Select the correct answer using the code given below:
Consider the following statements:
1. India’s net services surplus has been steadily declining in relation to GDP in the last four years.
2. As per the latest data, China continues to be the largest exporter to India followed by the United States of America.
Which of the statements given above is/are correct?
• Statement 1 is correct. Net services as a proportion of GDP reflects the net impact of service exports and impots on BoP. India’s net services surplus has been steadily declining in relation to GDP.
• Statement 2 is correct. China continues to be the largest exporter to India followed by USA, UAE and Saudi Arabia. In recent times, Hong Kong, Korea and Singapore have also emerged as significant exporters to India.
• Statement 1 is correct. Net services as a proportion of GDP reflects the net impact of service exports and impots on BoP. India’s net services surplus has been steadily declining in relation to GDP.
• Statement 2 is correct. China continues to be the largest exporter to India followed by USA, UAE and Saudi Arabia. In recent times, Hong Kong, Korea and Singapore have also emerged as significant exporters to India.