RRB NTPC Economics and Finance 3

Question 1

Which sector contributes the largest share to India's Gross Domestic Product (GDP)?

Accepted Answer

Services sector

Answer

Agriculture sector

Answer

Manufacturing sector

Answer

Mining sector

Question 2

The base year currently used for calculating India's GDP at constant prices is:

Accepted Answer

2011-12

Answer

2004-05

Answer

2007-08

Answer

2014-15

Question 3

What does the term 'disinvestment' mean in the context of the Indian government?

Accepted Answer

The government selling its stakes in public sector enterprises

Answer

Increasing investment in public sector enterprises

Answer

Banning foreign investment in strategic sectors

Answer

Reducing tax incentives for private companies

Question 4

India's Union Budget is typically presented in Parliament on which date?

Accepted Answer

February 1

Answer

January 26

Answer

March 31

Answer

April 1

Question 5

What does Balance of Trade (BoT) measure?

Accepted Answer

The difference between the value of a country's exports and imports of goods

Answer

The difference between total foreign investment inflows and outflows

Answer

The total amount of foreign exchange reserves held by a country

Answer

The ratio of public debt to GDP

Question 6

The International Monetary Fund (IMF) was established as a result of which international conference?

Accepted Answer

Bretton Woods Conference, 1944

Answer

Geneva Conference, 1922

Answer

San Francisco Conference, 1945

Answer

Havana Conference, 1947

Question 7

Which of the following correctly describes a 'recession' in economic terms?

Accepted Answer

A period of significant economic decline usually defined as two consecutive quarters of negative GDP growth

Answer

A period of rapid economic growth exceeding 5% GDP

Answer

A sustained decrease in a country's exports for two consecutive quarters

Answer

A sharp rise in inflation above 10% for one year