Class 11 Indian Economy Indicators Worksheet

1. Q1. Which of the following is the most commonly used measure for the total value of goods and services produced within a country's borders in a specific time period?
   • Gross National Product (GNP)
   • Net National Product (NNP)
   • Gross Domestic Product (GDP)
   • Per Capita Income (PCI)
2. Q2. What does CPI (Consumer Price Index) primarily measure in an economy?
   • The overall level of prices for producer goods and services.
   • The average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
   • The growth rate of industrial production.
   • The balance of trade between imports and exports.
3. Q3. Which organization is primarily responsible for calculating and releasing inflation data for India?
   • Reserve Bank of India (RBI)
   • NITI Aayog
   • Ministry of Finance
   • National Statistical Office (NSO)
4. Q4. The difference between the total revenue and the total expenditure of the government is known as the:
   • Revenue Deficit
   • Primary Deficit
   • Fiscal Deficit
   • Budgetary Surplus
5. Q5. What does a high current account deficit (CAD) typically indicate for a country?
   • The country is exporting more goods and services than it is importing.
   • The country's investments abroad are significantly higher than foreign investments in the country.
   • The country is importing more goods and services than it is exporting.
   • The country has a strong foreign exchange reserve position.

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