Indian Polity Topics
Postgraduate level — Indian Polity
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filter_alt Topics
Constitution & Preamble
Fundamental Rights
Directive Principles
Parliament & Legislature
Judiciary & Federalism
quiz Questions
Q81
Price elasticity of demand measures responsiveness of
Demand to price changes
Fiscal deficit
Primary deficit
Revenue deficit
Explanation
PED shows percentage change in quantity demanded due to price change.
Q82
National income in India is measured mainly by
Revenue deficit
Central Statistics Office
Primary deficit
Fiscal deficit
Explanation
MoSPI through National Statistical Office compiles national accounts.
Q83
GDP stands for
Gross Domestic Product
Primary deficit
Revenue deficit
Fiscal deficit
Explanation
GDP is total value of final goods and services produced within a country.
Q84
GNP is GDP plus
Primary deficit
Revenue deficit
Net factor income from abroad
Fiscal deficit
Explanation
GNP includes income residents earn from abroad net of payments out.
Q85
Inflation means sustained rise in
Revenue deficit
General price level
Fiscal deficit
Primary deficit
Explanation
Inflation is persistent increase in overall price level.
Q86
Deflation means
Primary deficit
Revenue deficit
Sustained fall in general price level
Fiscal deficit
Explanation
Deflation is opposite of inflation.
Q87
SI unit of force is
Pascal
Joule
Watt
Newton
Explanation
Force is measured in newton in SI system.
Q88
SI unit of work is
Newton
Pascal
Watt
Joule
Explanation
Work and energy are measured in joule.