UPSC QUIZ- INDIAN ECONOMY (21-05-25) Post author:admin Post published:May 21, 2025 Post category:QUIZ Post comments:0 Comments Welcome to your UPSC QUIZ- INDIAN ECONOMY (21-05-25) INSTRUCTIONS: The quiz consists of 5 objective-type questions. You have 10 minutes to complete the quiz. Once you begin, the timer will start automatically. Each question will have multiple-choice options. Choose the correct option for each question. Each question is worth 2 marks. Select one answer from the available options for each question. You can change your answer anytime before submitting the quiz. After answering all questions, click on the Submit button to finalize your responses. Once you submit, you cannot make changes. Your result will be displayed immediately after submission. Which of the following statements about Gross Domestic Product (GDP) of a country is/are correct? It represents the total value of goods and services produced within a country's geographical boundaries in a given year. Non-monetary exchanges, such as barter transactions, are excluded from GDP estimation. An increase in GDP signifies that all residents of the country are better off compared to the past. Select the correct answer using the code below. 1 only 2 and 3 only 1 and 2 only 1 and 3 only None Q) The term 'base year' in the context of GDP refers to: The year before the current financial year. The first year of a new decade. The year whose prices are used to calculate real GDP. The year in which the nominal GDP equals the real GDP of the current year. None Q) Consider the following statements: Nominal GDP is calculated using current market prices, whereas Real GDP is calculated using constant prices from a base year. Nominal GDP of a country is always higher than its Real GDP. Which of the above statements is/are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 None Q) Which of the following must be subtracted from the National Income to calculate the Personal Disposable Income of all households? Net interest payments made by households Corporate tax Undistributed profits earned by firms Personal taxes and non-tax payments Select the correct answer using the code below: 1 and 4 only 1, 3, and 4 only 2 and 3 only 1, 2, 3, and 4 None Q) Which of the following would be considered part of India's GDP? The salary of an Indian citizen working in the United States. Profits earned by a German company operating in India. Profits earned by an Indian company operating in Japan. Select the correct answer using the code below: 1 only 2 only 2 and 3 only 1 and 2 only None Time's upTime is Up! Share my story Share this content Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window You Might Also Like QUIZ- SCO SUMMIT 2025 September 1, 2025 UPSC QUIZ – GEOGRAPHY (20-05-25) May 20, 2025 Leave a Reply Cancel replyCommentEnter your name or username to comment Enter your email address to comment Enter your website URL (optional) Save my name, email, and website in this browser for the next time I comment. Δ
