Which of the following is an economic activity?

Medical facilities rendered by a charitable dispensary
Teaching one’s own nephew at home
A housewife doing household duties
Watching television

Pick up the correct statement:

Inflation is a persistent fall in the price level
The Indian direct tax structure relies on a very narrow population base
Mixed income of self-employed means gross profits received by proprietors
All of the above

In order to control credit and investment, the Central Bank should:

decrease Cash reserve ratio
decrease Bank rate
buy securities in the open market
sell securities in the open market

Fiscal policy is concerned with:

public revenue, public expenditure and public debt
controlling the BOP situation
controlling the banks
none of the above

Which of the following is correct:

GDP at market price = GDP at factor cost plus net indirect taxes
NNP at factor cost = GNP at market price
GNP at market price = NNP at market price plus net income from abroad
All of the above

Economic development is

synonymous with economic growth
narrower concept than economic growth
broader concept than economic growth
none of the above

Which sector of the Indian economy contributes the largest to national income?

Primary sector
Manufacturing sector
Secondary sector
Tertiary sector

Which of the following statement is correct?

Cropping pattern in India is quite balanced
India is passing through the first stage of demographic transition
India’s population is second largest in the world
None of these

If real national income rises by 10 per cent and population increases by 2 per cent, per capita income will increase by:

5 per cent
8 per cent
12 per cent
6 per cent

Which of the following is not an economic activity?

A son looking after his ailing mother
A chartered accountant doing his own practice
A soldier serving at the border
A farmer growing millets

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