Indian Economy Set 1
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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
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
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
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 |
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