Indian Economy Quiz Set 3
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Question 1 |
One of the reasons for India’s occupational structure remaining more or less the same over the years has been that
A | investment pattern has been directed towards capital
intensive industries |
B | productivity in agriculture has been high enough to
induce people to stay with agriculture |
C | ceiling on land holdings have enabled more people
to own land and hence their preference to stay with
agriculture |
D | people are largely unaware of the significance of
transition from agriculture to industry for economic
development |
Question 2 |
Which indicators are used to calculate the Human Development Index (HDI)?
A | Population growth, per capita GDP, life expectancy |
B | Population growth, infant rate, malnutrition |
C | Life expectancy, educational attainment, per capita
GDP |
D | Current account balance, infant mortality rate,
educational attainment |
Question 3 |
Usual status (US) unemployment is calculated with reference to a period of:
A | one year |
B | indefinite |
C | one month |
D | one week |
Question 4 |
Which of the two employment programmes are being merged in newly introduced Prime Minister’s Employment Generation Programme?
- PMRY
- NREP
- REGP
- RLEGP
A | 1 only |
B | 1 and 2 |
C | 1 and 3 |
D | 2 and 4 |
Question 5 |
Plan expenditure in India is met by-
A | Internal debt and other resources |
B | Assistance from Aid India Club |
C | Assistance from IMF |
D | Assistance from OECD countries |
Question 6 |
High fiscal deficit is cause for concern for any economy. What does it denote?
A | It is a measure of the borrowing of an economy |
B | It is total expenditure less total receipts excluding
borrowings |
C | It reflects the decrease in tax collections for the year |
D | it means the lack of liquidity and earnings for the
economy |
Question 7 |
The first public sector bank in India which obtained license for Internet Banking from RBI is-
A | Punjab National Bank |
B | Oriental Bank of Commerce |
C | Corporation Bank |
D | State Bank of India |
Question 8 |
Which of the following markets are independently regulated by Forward Market Commission?
A | Mutual Funds |
B | Commodity Futures Market |
C | Stock Market |
D | Foreign Exchange Markets |
Question 9 |
In which state Chinese e-retailer giant Alibaba will set up its first office in India?
A | Kerala |
B | Delhi |
C | Gurugram |
D | Mumbai |
Question 10 |
Which of the following doesnt characterized business activities?
A | Production of goods and services |
B | Presence of risk |
C | Sale or exchange of goods and services |
D | Salary or wages |
Question 11 |
Tourism industry in India is quite small compared to many other countries in terms of India’s potential and size. Which one of the following statements is correct in this regard?
A | Distances in India are too far apart and its luxury
hotels are too expensive for Western tourists. |
B | For most of the months India is too hot for Western
tourists to feel comfortable. |
C | Most of the picturesque resorts in India such as
in the northeast and Kashmir are, for all practical
purposes, out of bounds |
D | In India, the infrastructure required for attracting
tourists is inadequate |
Question 12 |
‘Level playing field’ argument of industries requires
A | MNCs to be stopped from investing in India |
B | licence for MNCs to be given only in environmentfriendly
technology |
C | domestic industry to be given preference |
D | domestic industry to be treated on par with MNCs. |
Question 13 |
Which one of the following is the objective of the National Watershed Development project for rainfed areas of India?
A | Sustainable farming systems |
B | Integrated Watershed Management |
C | Reclanation of Forest Area |
D | Both ‘a’ and ‘b’ |
Question 14 |
Which one among the following Agricultural sectors is covered under the market Intervention scheme (MIS) of the Indian Government?
A | Forestry |
B | Irrigation |
C | Horticulture |
D | Animal Husbandry |
Question 15 |
In India for the first time demonetisation was announced in which year?
A | 1974 |
B | 1962 |
C | 1946 |
D | 1999 |
Question 16 |
Which of the following best defines demonetization of currency notes?
A | Devaluing the currency with respect to international
currencies |
B | Declaring the currency notes as NOT legal tender |
C | Replacing the old and soiled currency notes |
D | Replacing notes with coins |
Question 17 |
Which institution is known as ‘soft loan window’ of World Bank?
A | IFC |
B | IDA |
C | IMF |
D | Indian Development Forum |
Question 18 |
Global capital-flows to developing countries increased significantly during the nineties. In view of the East Asian financial crisis and Latin American experience, which type of inflow is good for the host country?
A | Commerical loans |
B | Foreign Direct Investment |
C | Foreign Portfolio Investment |
D | External Commercial Borrowings |
Question 19 |
What is the full form of the given acronym REC?
A | Rural Electrification Corporation |
B | Rural Economy Corporation |
C | Regional Economy Corporation |
D | Regional Electrification Corporation |
Question 20 |
Anthony Lake, best known as Tony Lake is the executive director of _______ .
A | United Nations Children’s Fund (UNICEF) |
B | International Labour Organisation |
C | International Atomic Energy Agency |
D | Food and Agriculture Organisation |
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