Q.1 What is Gross Domestic Product?
Ans- It is the value of final goods and services produced within a country in a year.
Q.2 Who undertakes the task of measuring GDP?
Ans- The central government undertakes the task of measuring GDP.
Q.3 What is disguised employment?
Ans- When people are apparently working but all of them are made to work less than their potential.
Q.4 Which are the two sectors of Indian Economy?
Ans- Public Sector and Private Sector.
Q.5 Name some companies in Public Sector.
Ans- Indian Oil Corporation,State Bank of India, Indian Railways.
Q. 6 What is National Rural Employment Guarantee Act 2005 known as?
Ans- Right to Work.
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