Economic Development questions with answers

3,293 multiple-choice questions. Open any question for its answer and explanation.

Questions asked in State PSC and UPSC prelims, by topic. Each topic also has notes to read.

Read the notes: Tertiary Sector →

26. When there is an increase in economic development, the share of the tertiary sector in National Income will -Asked in moter vehicle inspector
27. Which sector, was the least impacted by the pandemic (COVID-19) situation and has shown a positive growth in India ?Asked in Revenue Sub Inspector Exam 2022
28. Which sector comprises water supply ?Asked in APSC CCE Prelims Exam 2018
29. What is the average of books sold by store R in April, June and July together?Asked in GPSC Prelims CSP 1 2019
30. Consider the following statements: 1. 132651 is a perfect cube. 2. A number having 2, 3, 7 or 8 at unit's place is never a perfect square. 3. By multiplying 5808 by 7, it becomes a perfect square. Which of the above statement/statements is/are true?Asked in GPSC Prelims CSP 1 2019
31. A trader uses a weighing balance that shows 1250 grams for a Kilogram. He further mark up his cost price by 20%. What is the profit percentage?Asked in GPSC Prelims CSP 1 2019
32. The cost of a pizza varies directly as the square of its radius. If a pizza with a 6 inch radius costs Rs. 800, how much should a pizza with an 11 inch radius cost in nearest round figure?Asked in GPSC Prelims CSP 1 2021
33. A tradesman fixed his selling price of goods at 30% above his cost price. He sells half of the stock at this selling price, one-quarter of the stock at 15% discount on this selling price and rest at a discount of 30% of this selling price. What is overall gain percentage?Asked in GPSC Prelims CSP 1 2022
34. Which of the following statements are correct? 1. People engaged in Quaternary services are called white-collar workers 2. People engaged in Quinary activities are called gold-collar workers 3. People engaged in Tertiary activities are called pink-collar workers 4. People engaged in Primary activities are called blue-collar workersAsked in GPSC Prelims CSP 2 2022
35. A shopkeeper buys 12 toys and labels each with the same selling price. He sells 8 toys initially at 20% discount on the labelled price. Then he sells the remaining 4 toys at an additional 25% discount on the discounted price. Thus, he gets a total of Rs. 2112, and makes a 10% profit. With no discounts, his percentage of profit would have been how much?Asked in GPSC Prelims CSP 1 2023
36. So, CP = 160. - Now, let's find the labelled price L using the sales information. - 8 toys were sold at a 20% discount on L. SP for these 8 toys = 8 (L (1 - 0.20)) = 8 (0.8L) = 6.4L. - The remaining 4 toys were sold at an additional 25% discount on the discounted price. The first discounted price was 0.8L. The second discount is 25% on 0.8L. SP for 4 (0.6L) = 2.4L. - The total selling price is the sum of the SPs of the two groups of toys. - Total SP = 6.4L + 2.4L = 8.8L. - We know the total SP is 2112. - 8.8L = 2112 - L = 2112 / 8.8 = 21120 / 88 = 240. - The labelled price of one toy is Rs. 240. - The cost price of one toy is Rs. 160. - The question asks for the profit percentage if no discounts were given. - If no discounts were given, the selling price of each toy would be the labelled price L = 240. - Profit per toy = SP - CP = 240 - 160 = 80. - Profit percentage = (Profit / CP) 100 = (80 / 160) 100 = (1/2) 100 = 50%. 37. Instead of dividing Rs. 117 among X, Y and Z in the ratio 1/2 : 1/3 : 1/4, by mistake it was divided in the ratio of 2 : 3 : 4. Who gains the most benefit and by how much?Asked in GPSC Prelims CSP 1 2023
37. Consider the following statements: Which of the statements given above is/are correct? Select the correct answer using the code given below:Asked in HAS Prelims 2021
38. Auditing and Evaluation problem is related to which sector among the following ?Asked in MPSC CS Prelims 2012
39. The activities or services focussed on creation, rearrangement and interpretation of new and existing ideas are referred to asAsked in UPSC NDA 2 2022
40. To which of the following sectors of the economy, the activity of agriculture and services belong to ?Asked in UPSC CAPF 2017
41. In the service sector the most modern and developed economic activity isAsked in WBPSC CS Prelims 2023
42. Tertiary sector activities includeAsked in WBCS Main Paper 5 2021
43. Which of the following industry is not a service sector industry?Asked in Civil Judge 2022
44. Which of the following statement(s) is/are correct regarding United Nations Conference on Trade and Development (UNCTAD) report on Digital Economy 2021?Asked in GPSC Prelims CSP 2 2022
45. According to the Global Payments Report by Worldpay FIS, India's e-commerce market is projected to post impressive gains and grow at 18 percent annually through 2025. Which of the following statements are true regarding the Growth of e-commerce Industry in India?Asked in KPSC KAS Prelims 2024
46. Auctions or dynamic pricing markets are examples ofAsked in MPPSC CS Prelims 2021
47. Surge pricing takes place when a service providerAsked in UPSC NDA 1 2017
48. According to Economic Survey 2023 about services, which statement among the following is not correct?Asked in UPPCS Prelims 2023
49. With reference to foreign-owned e-commerce firms operating in India, which of the following statements is/are correct ? They can sell their own goods in addition to offering their platforms as market- places. The degree to which they can own big sellers on their platforms is limited. Select the correct answer using the code given below :Asked in UPSC IAS 2022
50. Which Union Ministry is associated with the pilot phase of The Open Network for Digital Commerce?Asked in WBPSC CS Prelims 2023