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.

Which of the following is /are correct?

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

Which is/are correct? Codes:

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.

Which of the following statement is /are correct

A	Only I
B	Only II
C	Both I and II
D	None of the above

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Indian Economy Quiz Set 2

Indian Economy Quiz Set 2

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Indian Economy Quiz Set 2

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