Gross Domestic Product and its Growth: An Introduction

Samacheer Book Back Questions And Answers For Economy Standard 10 Full Book “Gross Domestic Product and its Growth: An Introduction“

I. Choose the correct answer:
1. GNP equals _____
(a) NNP adjusted for inflation
(b) GDP adjusted for inflation
(c) GDP plus net property income from abroad
(d) NNP plus net property income or abroad

2. National Income is a measure of _____
(a) Total value of money
(b) Total value of producer goods
(c) Total value of consumption goods
(d) Total value of goods and services

3. Primary sector consist of _____
(a) Agriculture
(b) Automobiles
(c) Trade
(d) Banking

4. _____ approach is the value added by each intermediate good is summed to estimate the value of the final good.
(a) Expenditure approach
(b) Value-added approach
(c) Income approach
(d) National Income

5. Which one sector is highest employment in the GDP?
(a) Agricultural sector
(b) Industrial sector
(c) Service sector
(d) None of the above.

6. Gross value added at current prices for services sector is estimated at _____
(a) 91.06
(b) 92.26
(c) 80.07
(d) 98.29

7. India is _____ larger producer in agricultural product.
(a) 1st
(b) 3rd
(c) 4th
(d) 2nd

8. India’s life expectancy at birth is _____ years.
(a) 65
(b) 60
(c) 70
(d) 55

9. Which one is a trade policy?
(a) irrigation policy
(b) import and export policy
(c) land-reform policy
(d) wage policy

10. Indian economy is _____
(a) Developing Economy
(b) Emerging Economy
(c) Dual Economy
(d) All the above

II. Fill in the Blanks:
1. _____ sector is largest sector in India.
2. GDP is the indicator of _____ economy.
3. Secondary sector otherwise called as _____
4. _____ sector is the growth engine of Indian economy.
5. India is _____ largest economy of the world.
6. India is _____ fastest growing nation of the world.
7. _____ policy envisages rapid industrialization with modernization for attaining rapid economic growth of GDP.

Answers:
1. Service
2. A country’s
3. Industry sector
4. Service
5. Sixth
6. Fifth
7. Industrial

III. Choose the Correct Statement:
The rate of saving is low in India for the following reason
(i) Low per capita income.
(ii) Poor performance and less contribution of public sector.
(iii) Poor contribution of household sector.
(iv) Savings potential of the rural sector not tapped fully.
(a) i, ii and iv are correct
(b) i, ii and iii are correct
(c) i, ii, iii and iv are correct
(d) i, iii and iv are correct

IV. Match the Following:
1. Electricity/(Gas and Water)            A. (National Income)/Population
2. Price policy                                    B. Gross National Product
3. GST                                                C. Industry sector
4. Per capita income                          D. Agriculture
5. C + I + G + (X-M)                          E. Tax on goods and service

Answers:
1. C
2. D
3. E
4. A
5. B

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