a) Producer Price Index
b) Consumer Price Index
c) National Income Deflation
d) None of the above
Since 2014, the Reserve Bank of India (RBI) has adopted the Consumer Price Index (CPI) as its key measure of Inflation in India. CPI measures the percentage change in the price of a basket of goods and services consumed by households.
The most appropriate measure of economic growth of a country is its:
a) Per Capita Real Income
b) Net National Product
c) Net Domestic Product
d) Gross Domestic Product of a country
The most appropriate measure of a country’s economic growth is its Per Capita Real Income.
Five Year Plan in India was finally approved by:
a) Union Cabinet
b) Planning Commission
c) National Development Council
d) President on the advice of Prime Minister
In India, the Planning Commission formulated the Five-Year Plans, which were finally approved National Development Council.
India is regarded as a country with a "Demographic Dividend". This is due to its:
a) High population in the age group below 15 years
b) High population in the age group of 15-64 years.
c) High population in the age group above 65 years
d) High total population
India is regarded as a country with a demographic dividend due to its high population aged 15-64 years.
The demographic dividend is a rise in the economic growth rate due to a rising share of the working-age population.
Participatory Notes (PNs) are associated with which one of the following?
a) Consolidated Fund of India
b) Kyoto Protocol
c) Foreign Institutional Investors
d) United Nations Development Programme
Participatory Notes (PNs) are associated with Foreign Institutional Investors (FIIs).
PNs are Offshore Derivative Instruments (ODIs) issued by registered FIIs to overseas investors who wish to be part of the Indianstock markets without registering themselves directly.
To practice more MCQs on the Indian Economy, visit: