Economics Shorts For UPSC,SSC,APPSC,TPSC and Railway Exams

1. Which sector of Indian Economy has shown remarkable expansion during the last decade? –Tertiary Sector

2. Hindu Rate of growth refers to the rate of growth of which sector? – GDP

3. In India, Hindu Rate of Growth is associated with which income? – National Income

4. What is the base year for computation of National Income in India? – 1993-94

5. As the economy develops, what happens in the share of the tertiary sector in the GDP? – Increases

6. Who coined the term ‘Hindu rate of growth’ for Indian Economy? – Raj Krishna

7. Who wrote a book describing the theory of economic drain of India during British rule? –Dadabhai Naoroji

8. Which is definitely a major indication of the State of the economy of a country? – Rate of GDP growth

9. Where is the Indian Sugarcane Research Institute situated? – Lucknow

10. The impact of Green Revolution was felt most in the production of which crop? – Wheat


14. Where first Agriculture University of India was established? – Pantnagar

15. In which year was the Food Corporation of India (FCI) set up? – 1965

16. Which bank provides the largest credit to agriculture and allied sectors? – Commercial Banks

17. Which is the apex institution in the sphere of Agriculture credit? – NABARD

18. The Bonded Labour System (Abolition) Act was legislated in which year? – 1976

19. The Green Revolution in India was the outcome of the efforts of which person? – M. S.Swaminathan

20. Who is known as Father of White Revolution in India? – V. Kurien
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