RRB Group D Exam 2022

Indian Economy Related Important MCQs For RRB Group D Exam : Indian Railway Recruitment Board (RRB) has started the recruitment process for Group D posts. There is a provision to complete this exam in several stages. The first phase of Group D examination has ended on August 25 and the second phase examination will start from August 26 and will continue till September 8.

In such a situation, through this article, we have brought some selected questions related to the Indian economy, which can be asked in the upcoming shift. Therefore, candidates must read these questions once before appearing in the examination.

Indian Economy Related Important MCQs For RRB Group D Exam
Indian Economy Related Important MCQs For RRB Group D Exam

Indian Economy Related Important MCQs For RRB Group D Exam

Question. Gross domestic product is the price.

  • of all the goods produced in an economy in a year
  • of all the goods and services produced in an economy in a year
  • of all final goods produced in an economy in a year
  • of all final goods and services produced in an economy in a year

Answer: 4

Question. Where does the largest share of India’s national income come from?

  • from primary sector
  • from secondary sector
  • from the tertiary sector
  • none of the above

Answer: 3

Question. Which of the following fishes caught by Indian fisherman in international sea (water) has a GDP? is part of?

  • Sri Lanka
  • India and Sri Lanka
  • India
  • India and Indonesia

Answer: 3

Question. Which of the following is not included in national income?

  • Charged rent of houses in the possession of the owner
  • Government expenditure on construction of new bridges
  • winning the lottery
  • commission paid to an agent for the sale of a house

Answer: 3

Question. What is the main function of the Central Statistical Organization?

  • money supply determination
  • collecting national income estimates
  • Gathering detailed employment details
  • pricing

Answer: 2

Question. In which scheme was the first emphasis on self-reliance?

  • second plan
  • fourth plan
  • third plan
  • fifth plan

Answer: 4

Question. Which of the following is deducted from NNP to arrive at National Income?

  • indirect tax
  • capital consumption exemption
  • help
  • Interest

Answer 1

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Question. Which of the following is correct for the period of the Eleventh Five Year Plan?

  • 01.01.2005 to 31 12 2010
  • 01.04 2005 to 31.03.2010
  • 01.01.2006 to 31.12.2011
  • 01.04.2007 to 31.03.2012

Answer: 4

Question. Which of the following pair is not correct?

  • First Plan (1951 – 1956)
  • Third Plan (1966 – 1971)
  • Eleventh Plan (2007 – 2012)
  • Sixth Plan (1980 – 1985)

Answer: 2

Question. The income of Indians working abroad is:

  • India’s share of household income
  • share of income earned from abroad
  • Share of Net Domestic Product of India
  • India’s share of GDP

Answer: 2

Question. What is meant by value-added?

  • production at factor cost
  • production at market prices
  • difference between goods and services and depreciation
  • difference between cost of goods and services and intermediate goods and services

Answer: 4

Question. Which of the following five year plan is not correct?

  • First 1951-56
  • II 1956-61
  • III 1961-66
  • IV 1966-71

Answer: 4

Question. On what basis is the economic progress of the country determined?

  • increase in per capita income of the country
  • Increase in the price of capital goods produced during the year
  • Increase in the number of trade unions
  • Fall in the country’s general price level

Answer 1

Question. Select the correct option from service sector contribution in the past to Gross Domestic Product (GDP).

  • Year 2000-01 (GDP – 65.54%)
  • Year 1980-81 (GDP – 50.00%)
  • Year 1950-51 (GDP – 34.63%)
  • Year 2011-12 (GDP – 57.00%)

Answer: 4

Question. Which five year plan was of only four years?

  • third
  • fifth
  • fourth
  • seventh

Answer: ?

What would be the correct answer to this question? Do give us your answer in the comment section.


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