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Economics Quiz 2

author April 2, 2025 No Comments
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1. 
Economic growth is usually coupled with? [2011]

2. 
A 'closed economy' is an economy in which? [2011]

3. 
With reference to the Indian economy, consider the following statements: [2010]

1. The Gross Domestic Product (GDP) has increased by four times in the last 10 years.

2. The percentage share of Public Sector in GDP has declined in the last 10 years.

Which of the statements given above is/are correct?

4. 
In the context of Indian economy, consider the following pairs: Term Most appropriate description: [2010]

1. Melt down → Fall in stock prices

2. Recession → Fall in growth rate

3. Slow down → Fall in GDP

Which of the pairs given above is / are 

correctly matched?

5. 
Which of the following is/are treated as artificial currency? [2010]

6. 
Which one of the following statements is an appropriate description of deflation? [2010]

7. 
In the context of independent India's Economy, which one of the following was the earliest event to take place? [2009]

8. 
Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India? [2007]

9. 
Which one among the following countries has the lowest GDP per capita? [2003]

10. 
Which reference to the Indian economy, consider the following activities: [2002]

  1. Agriculture, Forestry and Fishing
  2. Manufacturing
  3. Trade, Hotels Transport and Communication
  1. Financing, Insurance, Real Estate and Business services 

The decreasing order of the contribution of these sectors to the Gross Domestic Product (GDP) at factor cost at constant prices (2000’01) is

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