Indian Economy Topics
Postgraduate level — Indian Economy
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filter_alt Topics
National Income
Banking & RBI
Fiscal Policy
Agriculture & Industry
Economic Reforms
quiz Questions
Q71
SIDBI is primarily for
Fiscal deficit
Primary deficit
MSME sector development
Revenue deficit
Explanation
Small Industries Development Bank supports MSME finance.
Q72
The base year for GDP at constant prices is revised by
National Statistical Office
Revenue deficit
Primary deficit
Fiscal deficit
Explanation
NSO revises base year periodically to reflect structural changes.
Q73
Primary sector in India mainly includes
Revenue deficit
Primary deficit
Fiscal deficit
Agriculture and allied activities
Explanation
Primary sector extracts and harvests natural products.
Q74
Secondary sector mainly includes
Revenue deficit
Primary deficit
Fiscal deficit
Manufacturing and industry
Explanation
Secondary sector processes raw materials into goods.
Q75
Tertiary sector mainly includes
Services
Revenue deficit
Fiscal deficit
Primary deficit
Explanation
Service activities are categorized under tertiary sector.
Q76
The policy to liberalize Indian economy started in
Fiscal deficit
Revenue deficit
Primary deficit
1991
Explanation
Major economic reforms began in 1991.
Q77
The balance of payments records
All economic transactions with rest of world
Revenue deficit
Fiscal deficit
Primary deficit
Explanation
BoP has current account and capital account entries.
Q78
Current account includes
Trade in goods and services, income and transfers
Fiscal deficit
Primary deficit
Revenue deficit
Explanation
Current account records non-capital external transactions.
Q79
A direct tax is
Fiscal deficit
Primary deficit
Revenue deficit
Income tax
Explanation
Income tax burden cannot be shifted and is direct tax.
Q80
A regressive tax is one where tax burden is relatively higher on
Lower income groups
Revenue deficit
Primary deficit
Fiscal deficit
Explanation
Regressive taxation takes larger share from poorer people.