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: National Income & Gross Domestic Product →

1. In an open economy, the National Income (Y) of the economy is (C, I, G, X, M stand for consumption, investment, government expenditure, total exports, and total imports, respectively.) _________.Asked in GPSC Prelims CSP 2 2022 · UPPCS Prelims 2000
2. According to simple Keynesian theory, the slope of the aggregate consumption curve against income isAsked in UPSC CAPF 2019
3. Which one of the following is not a flow variable?Asked in Headmaster (Secondary School) 2018
4. The sum total of incomes received for the services of labour, land or capital in a country is calledAsked in APSC CCE Prelims Exam 2016
5. The economist who for the first time scientifically determined National Income in India :Asked in BPSC Prelims Exam 60 62rd
6. The National Statistical Commission of India was headed byAsked in TNPSC CS Prelims 2015
7. Which of the following is not an economic activity?Asked in UPPCS Prelims 2023
8. Who has for the first time estimated national income in India?Asked in UPPSC Upper Mains 2013
9. Who among the following was the Chairman of National Income Committee appointed by Government of India in 1949?Asked in UPPSC Upper Mains 2015
10. The term National Income representsAsked in UPPCS Prelims 2001
11. National Income is theAsked in UPPCS Prelims 1997
12. National Income refers toAsked in APPSC Group II Prelims 2018
13. Who made the first estimate of National Income in India ?Asked in ACF And Forest Range Officer Gr I Comp. Exam 2018
14. Which of the following is not included in National income?Asked in Asst. Statistical Officer 1
15. Which of the following is included while estimating National Income in India ? A. Corporate Tax B. Social Security Contribution C. Transfer Payments Select the correct answer using the codes given below : Codes : (1) A and B (2) A, B and C (3) B and C (4) A and CAsked in Asst. Statistical Officer 2
16. From the following pairs, choose the pair of which both the persons also received Nobel Prize in Economics with Esther Duflo.Asked in Food Safety Officer 2019
17. Macroeconomics does not cover which of the following?Asked in Agriculture Development Officer 2021
18. What is another name for opportunity cost in economics ?Asked in ae 2024
19. The sum total of income received for the service of labour, land or capital in a country is calledAsked in ASSISTANT SECTION OFFICER 2019
20. Who estimated the national income of India for the first time?Asked in GS&GE JE PWD 10 2024 1601 2025
21. Estimation of National Income in India is done by the :Asked in RO ARO pre 2023
22. An essay on India's National Income, 1925-1929 is the notable work of which exponent?Asked in JE(Civil) RWD 2021 22 2021
23. Economic growth is dependent mainly onAsked in APSC CCE Prelims Exam 2006
24. According to the Classical Theory of Employment, deviations from the state of full employment areAsked in UPSC CDS 2 2016
25. Suppose there are only two normal goods in the economy, X and Y. If price of good X increases, which would be the correct statement from below ?Asked in UPSC CDS 2 2024