Indian Economy Quiz Set 1

Indian Economy Set 1

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Start

Congratulations - you have completed Indian Economy Set 1.

You scored %%SCORE%% out of %%TOTAL%%.

Your performance has been rated as %%RATING%%

Your answers are highlighted below.

Question 1

Poverty Gap Index measures:

A	The proportion of poor in the total population
B	The intensity of poverty
C	Increase in poverty rate
D	Mean consumption expenditure of poor

Question 2

Which bank is limited to the needs of agriculture and rural finance?

A	RBI
B	SBI
C	IFC
D	NABARD

Question 3

Inflation can be correctly described as:

A	Too much money chasing too few goods
B	Too much goods chasing too few money
C	Rise in retail price level of goods and services
D	None of these

Question 4

Inflation causes a decrease in the value of money. What is this effect called?

A	Borrower’s tax
B	Cash tax
C	Inflation tax
D	Lender’s tax

Question 5

Perspective planning means:

Plan with long term perspective for 15-20 years
Five year plans are part of perspective planning

Which of these statements is/are correct?

A	1 only
B	2 only
C	Both 1 & 2
D	Neither 1 nor 2

Question 6

The Atomic Energy Commission of India was established during the plan:

A	First FYP
B	Second FYP
C	Third FYP
D	Fourth FYP

Question 7

Which of these pairs is not matched correctly:

A	VAT – France
B	Carbon Tax – New Zealand
C	Fat tax – Belgium
D	Salt tax – China

Question 8

What situation would result if Government expenditure exceeds the Government revenue on Current Account?

A	Deficit budgeting
B	Zero-based budgeting
C	Performance-based budgeting
D	Surplus budgeting

Question 9

The 12th Five Year Plan aimed at:

A	Growth with social justice and equality
B	Human Resource Development
C	Faster and more sustainable growth
D	Faster, sustainable and more inclusive growth

Question 10

Who among the following are the members of NDC?

Chief Ministers of all states
Chief minister/Administrators of all UTs
Union Cabinet Ministers
Members of Planning Commission

Select the correct answer using the codes below:

A	1 & 4 only
B	1,3 & 4 only
C	3 & 4
D	1, 2, 3 & 4

Question 11

Which of the following is a defunct stock exchange in India?

A	Magadh Stock Exchange Ltd.
B	Calcutta Stock Exchange Ltd.
C	Ahmedabad Stock Exchange Ltd.
D	Cochin Stock Exchange Ltd

Question 12

The first mutual fund in India:

A	SBI Mutual Fund
B	Unit Trust of India
C	Birla Sun Life Asset Management Company
D	J P Morgan Asset Management Company

Question 13

Consider the following statements:

Prathma bank is the first regional rural bank started in India in 1975.
Prathma bank was sponsored by Canara bank

Which of these statements is/are correct?

A	1 only
B	2 only
C	Both 1 & 2
D	Neither 1 nor 2

Question 14

The first Chief Information Commissioner in Kerala

A	S.P.Sinha
B	K.S.Ranjith Singh
C	C.N.Annadurai
D	Palattu Mohandas

Question 15

Under the minimum reserve system, the Reserve Bank of India as the sole authority of note issue is required to maintain assets worth not less than

A	115 crores of rupees
B	85 crores of rupees
C	200 crores of rupees
D	210 crores of rupees

Question 16

Population experts refer to the possible ‘demographic bonus’ that may accrue to India around 2016 A.D. They are referring to the phenomenon of

A	a sharp drop in the total population
B	a surge in the population in the productive age group;
C	a decline in both birth and death rates;
D	a well-balanced sex ratio

Question 17

Structural unemployment arises due to:

A	deflationary conditions
B	heavy industry bias
C	shortage of raw materials
D	inadequate productive capacity

Question 18

The process of budget making after re-evaluating every item of expenditure in every financial year is known as-

A	Performance Budgeting
B	Deficit Budgeting
C	Zero Based Budgeting
D	Fresh Budgeting

Question 19

Demand management to control inflation may lead to:

A	increase in government expenditure
B	increase in unemployment due to contraction of the economy
C	expansion of credit
D	creation of excess liquidity

Question 20

What is the full form of the given acronym, LLP?

A	Limited Liability Partnership
B	Living Liability Partnership
C	Liability List Partnership
D	None of these

Once you are finished, click the button below. Any items you have not completed will be marked incorrect. Get Results

There are 20 questions to complete.

Finish

Return

Shaded items are complete.

1	2	3	4	5
6	7	8	9	10
11	12	13	14	15
16	17	18	19	20
End

Return

Indian Economy Set 1

About the author

Talent KAS

Leave a Comment X

Indian Economy Set 1

You may also like

About the author

Talent KAS

Leave a Comment X