Economics MCQs

Economics Questions with solutions MCQs

1. If GDP is same for both countries, what is ratio of Pakistan?s income through agriculture over India?s income through exports & misc.?

A

1.25

B

1.33

C

1.5

D

2

Economics Data Entry Operator 2025
Correct Answer : B
Explanation :

Correct ratio is 1.33.

Correct Answered :

Wrong Answered :

2. If India?s total GDP is Rs.30,000 crores, what is the contribution of Agriculture, Services, and Miscellaneous sectors combined?

A

Rs.17,500 crore

B

Rs.18,570 crore

C

Rs.21,000 crore

D

Rs.25,000 crore

Economics Data Entry Operator 2025
Correct Answer : B
Explanation :

Correct contribution is Rs.18,570 crore.

Correct Answered :

Wrong Answered :

3. Who initially proposed the idea of implementing a nationwide GST in India, and in which year?

A

The Empowered Committee of State Finance Ministers in 2009

B

The Kelkar Task Force on Indirect Taxes in 2000

C

The Central Government in 2011

D

The Parliament through the Constitution (122nd Amendment) Bill, 2014

Economics Data Entry Operator 2025
Correct Answer : B
Explanation :

The Kelkar Task Force on Indirect Taxes in 2000 first suggested a nationwide GST.

Correct Answered :

Wrong Answered :

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