September 2022

Q. How much does the primary sector contribute to India’s GDP? 26% 20% 53% 14% Answer: 20% Note: GVA in 2020-21 Share of primary (comprising agriculture, forestry, fishing, and mining & quarrying), secondary (comprising manufacturing, electricity, gas, water supply & other utility services, and construction), and tertiary (services) sectors have been estimated as 21.82 percent, […]

Q. Which sector contributes the most to India’s economy? Service sector Manufacturing sector Agricultural sector Small scale industries Answer: Service sector

Q. If the contribution of the agricultural sector is decreasing in a country’s economy, then what conclusion can be drawn? The country is growing in the direction of being a developed nation The country is moving towards becoming developing nation The country is moving towards becoming less developed nation The economic growth rate of the

Q. Which is not added in the calculation of national income of India? The value of goods and services The sold value of the old fridge Services rendered by the housewives Both [2] & [3] Answer: Both [2] & [3]

Q. Which Indian state gives highest income tax collection to the Government of India? Uttar Pradesh Kerala Maharashtra Assam Answer: Maharashtra

Q. Which of the following is considered as financial year in India? April 1 to March 31 January 1 to December 31 March 1 to April 30 March 16 to March 15 Answer: April 1 to March 31

Q. What is the net value of GDP after deducting depreciation from GDP? Net national product Net domestic product Gross national product Disposable income Answer: Net domestic product

Q. When depreciation is deducted from GNP, the net value is Net national product Net domestic product Gross national product Disposable income Answer: Net national product

Q. The value of NNP at consumer point is called the NNP at factor cost NNP at market price GNP at market price GNP at factor cost Answer: NNP at market price