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Indian Economy > One > Flashcards

One Flashcards

Indian Economy for UPSC Civil Services 2018

1
Q

What is the area under cotton cultivation in India?

A

9.4 million hectares

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2
Q

______ is the total income
generated by the residents of a country
in its economic territory in a particular
period of time

A

National income

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3
Q

The calculation of
National Income by compiling income of
all households is called _____

A

Income Method

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4
Q

The calculation of
National Income by compiling the value
of all goods and services produced in the country is called _____

A

Production Method

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5
Q

The Production Method is also called _____

A

Output Method or Value Added Method

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6
Q

The calculation of
National Income by compiling the total
expenditure incurred by the people.

A

Expenditure or Consumption Method

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7
Q

Stock of unsold finished goods,
Semi-finished goods, or raw materials
which a firm carries from one year to the
next is called _____

A

Inventory

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8
Q

The sum of GDP and Net National Income from Abroad is called?

A

GNP

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9
Q

The difference between GNP and depreciation is called ____

A

NNP

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10
Q

The difference between indirect taxes and subsidies is called ____

A

Net Indirect Taxes

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11
Q

The difference between NNP and Net Indirect Taxes is called _______

A

National Income

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12
Q

National Income is also called _____

A

NNP At Factor Cost

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13
Q

NNP at Factor Cost is also called _____

A

National Income

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14
Q

Profit which is not distributed among
the factors of production but is kept
with the firms is called _______.

A

Undistributed Profits

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15
Q

The GDP at current prices is called ____

A

Nominal GDP

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16
Q

GDP at base/constant prices is called _____

A

Real GDP

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17
Q

The ratio between Nominal GDP and Real GDP is called?

A

GDP Deflator

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18
Q

The index of
prices of a given basket of commodities
purchased by a representative consumer is called?

A

Consumer Price Index

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19
Q

Wholesale Price Index is also known as ____ in USA.

A

Producer Price Index

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20
Q

______ cannot be taken as a good indicator

of the welfare of the people of a country

A

GDP

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21
Q

_______ refer to the harm a firm
or an individual might inflict upon
another firm or individual for which
they are not penalised

A

Externalities

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22
Q

HDI was developed by _____

A

Mahbub-ul-Haq and Amartya Sen

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23
Q

What are the three dimensions through which HDI is measured?

A

Health, Education and Standard of Living

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24
Q

What is the indicator of the dimension Health in the HDI?

A

Life Expectancy

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25
Q

What are the indicators for the dimension of education in HDI?

A
  1. Expected Years of Schooling.

2. Mean years of prior schooling for adults aged 25 and older.

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26
Q

What is the indicator for the dimension of Standard of Living in the HDI?

A

GNI per capita

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27
Q

Which countries secured the top 5 positions in the HDI Report 2016?

A

Norway, Australia, Switzerland, Germany, Denmark

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28
Q

What was India’s Rank in the HDI Report 2015?

A

130

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29
Q

What was India’s Rank in the HDI Report 2016?

A

131

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30
Q

India is in which category in the HDI Report?

A

Medium Human Development Category

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31
Q

Life Expectancy in India as given by the HDI Report 2016 is?

A

68.3 years

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32
Q

The Life Expectancy for Women as per HDI Report 2016 is?

A

69.9 years

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33
Q

The Life Expectancy for Men as per HDI Report 2016 is?

A

66.9 years

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34
Q

Which country has shown the most progress in HDI Report 2016 among BRICS Nations?

A

China

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35
Q

Which country has shown the second best progress in HDI Report 2016 among BRICS Nations?

A

India

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36
Q

Which country has the lowest percentage of women in the workforce among the BRICS Nations?

A

India

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37
Q

India’s rank in the Gender Inequality Index 2016 is?

A

125

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38
Q

The HDI Report 2016 noted that increasing clean
energy investments in India by _____% of GDP
a year for 20 years will generate a net increase of ____ jobs annually.

A

1.5, 10 million

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39
Q

HDI Report is published by the?

A

UNDP - United Nationas Development Programme

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40
Q

The 3 new indices introduced by UNDP in 2010 are?

A

Multi-Dimensional Poverty Index (MDPI)
Inequality-Adjusted HDI (IHDI)
Gender Inequality Index (GII)

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41
Q

What is India’s rank in the MDPI Report 2017?

A

37

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42
Q

What is India’s rank in the MDPI Report 2017?

A

37

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43
Q

Which index adjusts the HDI for inequality?

A

Inequality-Adjusted HDI (IHDI)

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44
Q

If HDI and ____ are equal, then there is no

inequality.

A

Inequality-Adjusted HDI (IHDI)

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45
Q

If IHDI is ____ than HDI, it means there is

inequality.

A

Less

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46
Q

Which index measures inequality that exists between men and women?

A

Gender Inequality Index (GII)

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47
Q

What are the three dimensions in GII?

A
  1. Reproductive Health
  2. Empowerment
  3. Labour Market
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48
Q

What are the indicators for reproductive health in the GII?

A

Maternal Mortality Rate(MMR) & Adolescent Fertility Rate(AFR)

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49
Q

What are the indicators for empowerment in the GII?

A

parliamentary representation and
attainment of secondary and higher
education

50
Q

What are the indicators for labor market in the GII?

A

women’s participation in

workforce.

51
Q

What is India’s rank in the GII Report 2016?

A

125

52
Q

What are the two measures of human development introduced by UNDP in 1995 which highlight the status of women?

A

Gender Development Index(GDI)

Gender Empowerment Measure (GEM)

53
Q

Which index has been developed by Oxford Poverty and Human Development Initiative(OPHI) and UNDP?.

A

Multi Poverty Index (MPI)

54
Q

Which Index has the Multi Poverty Index (MPI) replaced?

A

Human Poverty Index (HPI)

55
Q

The World Happiness Report is published annually by the?

A

UN Sustainable

Development Solutions Network

56
Q

The World Happiness Report was first published in which year?

A

2012

57
Q

List the five indicators of happiness in the World Happiness Index?

A 
GDP per capita
Life Expectancy
Social Support
Freedom to make life choices
Generosity and perceptions of corruption
58
Q

When is the International Day of Happiness?

A

March 20

59
Q

List the top 4 happiest countries according to the World Happiness Report 2017.

A
  1. Norway
  2. Denmark
  3. Iceland
  4. Switzerland
60
Q

What is India’s rank in the World Happiness Report 2017?

A

122

61
Q

What was India’s rank in the World Happiness Report 2016?

A

118

62
Q

What is Pakistan’s rank in the World Happiness Report 2017?

A

80

63
Q

What is Nepal’s rank in the World Happiness Report 2017?

A

99

64
Q

What is Bhutan’s rank in the World Happiness Report 2017?

A

97

65
Q

What is Bangladesh’s rank in the World Happiness Report 2017?

A

110

66
Q

What is Sri Lanka’s rank in the World Happiness Report 2017?

A

120

67
Q

The Energy Architecture Performance Index is released annually by?

A

World Economic Forum in collaboration with

Accenture Strategy since 2013.

68
Q

The World Economic Forum is based in?

A

Geneva

69
Q

India’s rank in the Energy Architecture Performance Index 2017 is?

A

87

70
Q

The social phenomena in which a section of the society is unable to fulfill even its basic necessities of life is called?

A

Poverty

71
Q

The first estimate of poverty in India after Independence was made by?

A

VM Dandekar and Nilkanth Rath

72
Q

Dandekar and Rath fixed the minimum level of per capita nutrition needed for subsistence level of living as

A

2250 calories

73
Q

According to Dandekar and Nilkanth Rath, what were the BPL levels at 1960-61 prices?

A

Rural - Rs 180 pcpa, Urban - Rs 270 pcpa

74
Q

The Lakdawala Committee on Poverty Estimation was constituted by?

A

Planning Commission in 1989

75
Q

The Lakdawala Committee submitted its report in which year?

A

1993

76
Q

What were the per capita daily intake requirements as per the Lakdawala Committee?

A

Rural - 2400 calories, Urban - 2100

77
Q

The Lakdawala Committee awarded a higher per capita daily intake requirement in the rural areas because ____

A

hard physical labour taken up in rural areas

78
Q

Which poverty estimate gave different poverty lines for different states, based on variation in prices?

A

Lakdawala Committee

79
Q

List the three Consumer Price Indices introduced by the Lakdawala Committee.

A

CPI-AL, CPI-IW, CPI-UNME, Urban Non-Manual Employee

80
Q

Consumer expenditure data for 365 days recall period for five infrequently purchased non food items is called?

A

Mixed Recall Period

81
Q

Mixed Recall Period is introduced by?

A

NSSO

82
Q

NSSO conducted its poverty estimation survey in?

A

2004-05

83
Q

According to NSSO Survey in 2004-05, list the poverty lines in rural and urban areas.

A

₹ 356.30 pc monthly consumption expenditure in rural areas and ₹ 538.60 pc monthly consumption expenditure in urban areas

84
Q

Consumer expenditure data for 30 days recall period for all items is called?

A

Uniform Recall Period

85
Q

Name the Poverty Estimation Committee set up by the Planning Commission in 2009.

A

Tendulkar Committee headed by Suresh Tendulkar

86
Q

Which Committee on Poverty Estimation moved from calorie based poverty estimation to nutrition, health and other expenditure based estimation?

A

Tendulkar Committee

87
Q

What is the basket of goods selected to determine poverty called?

A

Poverty Line Basket

88
Q

The Tendulkar Committee on Poverty Estimation relied on _____ to estimate poverty.

A

Mixed Recall Period

89
Q

List the poverty lines in rural and urban areas according to the Tendulkar Committee.

A

Rural - ₹ 446, Urban - ₹ 578.

90
Q

Which Committee on Poverty Estimation relied on both calories and nutrition and non-food expenditure to estimate poverty line?

A

Rangarajan Committee

91
Q

List the poverty lines estimate for rural and urban areas under the Rangarajan Committee.

A

Rural - ₹972 pc per month. Urban - ₹1181 pc per month

92
Q

The situation in which individuals are ready and willing to work at the prevailing rate of wages but do find work is called?

A

Unemployment

93
Q

A person working or being engaged in economic activity is said to be?

A

employed or in the workforce

94
Q

A person who is either working or making tangible efforts to seek work or being available to work is said to be?

A

in the labour force

95
Q

A person who is not engaged in any economic activity and also not available for work is said to be?

A

not in the labour force

96
Q

A person who is not engaged in economic activity but making tangible effort to seek work or is available for work is said to be?

A

unemployed

97
Q

Activity Status based on a reference period od one year is called?

A

Chronic or Usual Activity Status

98
Q

Activity Status based on a reference period of one week is called?

A

Current Weekly Status

99
Q

Activity Status based on reference period of each day of reference week is called?

A

Current Daily Status

100
Q

A person is considered employed even if be js employed for ______ in a week.

A

one hour

101
Q

A person is considered working or employed for the entire day if he has worked for _____ during the day.

A

4 hours or more

102
Q

If a person has worked for ____, he is considered to have been employed for half day.

A

1 to 4 hours

103
Q

In half day, if a person is seeking work, he is said to be in _____

A

labour force

104
Q

A person who is not engaged in work for at least 1 hour but seeking work for more than 4 hours is said to be?

A

unemployed for entire day

105
Q

If a person is seeking work for upto 1 to 4 hours only he is then said to be?

A

unemployed for half day, and not in labour force for the other half

106
Q

Unemployment caused by structural changes like rapidly growing population, fall in rate of capital formation, technological change etc in the economy is called?

A

Structural unemployment

107
Q

Unemployment when people change from one job to another and remain unemployed during the interval period is called?

A

Frictional

108
Q

Unemployment when people are thrown out of a job due to recession is called?

A

Cyclical unemployment

109
Q

Cyclical unemployment is also called?

A

Demand deficiency unemployment

110
Q

Root cause for cyclical unemployment is?

A

lack of aggregate demand

111
Q

The produce added due to addition of a worker is called?

A

Marginal Product

112
Q

Unemployment in which people are apparently employed but their marginal product is zero is called?

A

Disguised unemployment

113
Q

Which type of unemployment is a feature of Indian agriculture?

A

Disguised unemployment

114
Q

A person who is educated and skilled, failing to obtain a job suited to hus qualification is called?

A

educated unemployed

115
Q

Unemployment when labourers without any work and do not find any work to do is called?

A

Open unemployment

116
Q

Educated unemployed and skilled labourers unemployment come under which type of unemployment?

A

Open unemployment

117
Q

Migration from rural areas to urban areas in search of work is an example of which type of unemployment?

A

Open unemployment

118
Q

Unemployment where some individuals want to remain idle even when jobs are available is called?

A

Voluntary unemployment

119
Q

Unemployment ranging between ____ % in a country is considered natural and inevitable.

A

2 to 3

120
Q

Can natural unemployment be eliminated?

A

No

121
Q

Which law states that with increase in income, the proportion spent on food falls down?

A

Engel’s Law

Indian Economy (2 decks)

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