Indian Economy Quiz Set 2
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Question 1 |
The most significant economic consequence of the ‘greying’ of the Indian population in the decades to come, will be:
A | a fall in the growth of population |
B | a reverse flow of wealth from children to parents |
C | a decline in the demand for maternity facilities |
D | the need for redesigning apartment buildings |
Question 2 |
According to 2011 census urban-rural population ratio was about-
A | 35 : 65 |
B | 32 : 68 |
C | 28 : 72 |
D | 31 : 69 |
Question 3 |
This type of unemployment can occur even in a situation of full employment.
A | Structural unemployment |
B | Functional unemployment |
C | Cyclical unemployment |
D | Disguised unemployment |
Question 4 |
Which of the following is not viewed as a national debt?
A | Provident Fund |
B | Life Insurance Policies |
C | National Saving Certificate |
D | Long-term Government Bonds |
Question 5 |
CENVAT is related to-
A | Sales Tax |
B | Excise Duty
|
C | Custom Duty |
D | Service Tax |
Question 6 |
Which of the following is not a function of the Securities and Exchange Board of India (SEBI)?
A | Supervising the working of the Stock Exchanges |
B | Underwriting new capital issues |
C | Regulating merchant banks and mutual funds |
D | promoting the development of a healthy capital market |
Question 7 |
It is said that, in order to control inflation, foreign inflow needs to be sterlised. Sterlisation here refers to:
A | ensuring that black money is accounted |
B | compliance with import-export regulations |
C | ensuring that counterfeit currency does not enter
circulation |
D | withdrawing equivalent local currency to maintain a
desirable rate of exchange |
Question 8 |
The National Pension System is structured in how many tiers?
A | 1 |
B | 2 |
C | 3 |
D | 4 |
Question 9 |
Consider the following.
- The companies Act (Amendment) Bill 2016 seeks to amend the Companies Act 2013 which regulates the incorporation, regulation and winding up of companies.
- The Bill is mainly based on the recommendations of the companies Law Committee.
A | Only I |
B | Only II |
C | Both I and II |
D | None of the above. |
Question 10 |
What is a ‘limited company’?
A | In which shareholders possess the ownership limited
to their paid up capital |
B | In which shares are issued |
C | A company of Government ownership |
D | A Registered Company |
Question 11 |
In India the public sector is the most dominant in
A | steel production |
B | organized term-ending financial institution |
C | transport |
D | commercial banking |
Question 12 |
First Agricultural University in India was established in
A | Jabalpu |
B | Kanpur |
C | Faizabad |
D | Pant Nagar |
Question 13 |
Which one of the following agencies is not included in the operation of the Kisan Credit Cards?
A | Co-operative Banks |
B | Regional Rural Banks |
C | Scheduled Commercial Banks |
D | NABARD |
Question 14 |
According to various sources before demonetisation what was the total percentage of 500 and 1000 notes in the total currency?
A | 30% |
B | 50% |
C | 43% |
D | 86% |
Question 15 |
Which of the following area selected by the government to transform economy in recent economic renovation?
- Growth and stability
- Public service delivery
- Fiscal management
- Digital economy
A | Only 1, 2 and 3 |
B | Only 2, 3 and 4 |
C | Only 1, 3 and 4 |
D | All of the above |
Question 16 |
Which of the following organisation provides guarantee to exporters?
A | EXIM Bank |
B | Export Loan Guarantee Corporation |
C | RBI |
D | Commerce Ministry |
Question 17 |
Which of the following does not form part of current account of Balance of Payments?
A | Export and import of goods |
B | Export and import of services |
C | Income receipts and payments |
D | Capital receipts and payments |
Question 18 |
Pradhan Mantri Gram Sinchai Yojana deals with which of the following?
A | Agriculture |
B | Electricity |
C | Medical |
D | Education |
Question 19 |
India International Exchange (INX) is located at
A | Gandhinagar |
B | Mumbai |
C | Chennai |
D | Pune |
Question 20 |
Consider the following statement
- To lead and co-ordinate international action to protect refugees and resolve refugee problems worldwide
- To protect and provide humanitarian assistance to whom it describes as other persons, “of concern”, including internally displaced persons.
A | Only I |
B | Only II |
C | Both I and II |
D | None of the above |
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