Indian Economy
Exam Duration: 45 Mins Total Questions : 30
The major emphasis on the First Five Year Plan of India was
- (a)
agriculture
- (b)
employment
- (c)
industry
- (d)
export promotion
Consider the following statements
1.Indo-China war had hampered the proper progress and implementation of Fourth Five Year plan in India.
2.In the Indian Economy, the Plan Holiday took place during 1966 to 1969
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Consider the following economic processes taking place in Indian Economy
1.Import of western culture through the mass media and telecommunication system in India.
2.Establishment of factory units of MNCs in India.
3.Acquisition of branded foreign Companies by Indian business tycoon.
Which of the economic processes given above is/are encompassed under globalisation?
- (a)
1, 2 and 3
- (b)
1 and 3
- (c)
2 and 3
- (d)
Only 2
During which plan was the National Bank for Agriculture and Rural Development (NABARD) established to facilitate the rural credit and agriculture development?
- (a)
Third FiveYear Plan
- (b)
Fifth Five Year Plan
- (c)
Sixth Five Year Plan
- (d)
Eight Five Year Plan
A five Year Plan was severely affected by the immigration of huge number of people from Bangladesh. Which one of the following Five Year Plan was the Plan mentioned in above?
- (a)
First Five Year plan
- (b)
Third Five Year plan
- (c)
Fourth Five Year Plan
- (d)
Sixth Five Year Plan
Consider the following statements
1.In the history of Indian Planning, the actual growth rate of the GDP is never higher than the targeted growth rate.
2.In the first five year plan, the actual GDP growth rate was more than the targeted growth rate.
Which of the statement/statements given above is/are correct?
- (a)
1 only
- (b)
2 only
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
With reference to Ryotwari Settlement, consider the following statements
1. The rent was paid directly by the peasants to the Government.
2. The Government gave Pattas to the Ryots.
3. The lands were surveyed and assessed before being taxed.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
1 and 2
- (c)
1, 2 and 3
- (d)
None of these
National Seed Policy, 2002 is based on the recommendation of
- (a)
Kelkar Committee
- (b)
MV Rao Committee
- (c)
YV Reddy Committee
- (d)
Abhijit Sen Committee
Which one among the following Five Year Plans of Indian Economy diversified the planning, shifting focus from heavy and basic industries like telecommunication, computers, electronic?
- (a)
Second Five Year Plans
- (b)
Forth Five Year Plans
- (c)
Seventh Five Year Plans
- (d)
Ninth Five Year Plans
Consider the following statements
1. Miniratna Public Sector Enterprises can be s joint venture, set subsidiary company or overseas office but with certain conditions.
2. Till now less than 50 Public Sector Enterprises have been given Miniratna Status by the Indian Government.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Consider the following statements about the Mega Food Parks
1. Mega Food Park is a well-defined agri/horticultural-processing zone containing state of the art processing facilities with support infrastructure and well established supply chain.
2. Mega Food Park was launched in the Ninth Five Year plan.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1and 2
- (d)
Neither 1 nor 2
Which one of the following ranger is the percentage of the services sector's contribution to the GDP at the factor cost excluding the construction activities of the Indian Economy?
- (a)
40 to 50
- (b)
45 to 50
- (c)
50 to 55
- (d)
55 to 60
In India, increase in population and diversion os agricultural land for non-agricultural purposes have resulted in the decrease
1. National Programme of nutritional support to Primary Education (NP-NSPE) was launched in 1995.
2. Mid-day Meal Scheme aims to provide cooked midday meal to all children studying in classes (I) -Upper Primary Level in Government and aided schools and EGS/AIE centres.
- (a)
Only 1
- (b)
Only 2
- (c)
Bothe 1 and 2
- (d)
Neither 1 nor 2
Pradhan Mantri Gramodya Yojana aims at
- (a)
strengthening the Panchayati Raj System in rural area
- (b)
alleviating poverty through micro-enterprises
- (c)
meeting rural needs like drinking water, housing, rural roads, health care and primary education
- (d)
generating employment in rural areas
When was the Swarnajayanti Shahari Rozgar Yojana to provide gainful employment started in India?
- (a)
1995
- (b)
1997
- (c)
2001
- (d)
2004
Consider the following statements with regard to Jawaharlal Nehru National Urban Renewal Mission (JNNURM)
1. JNNURM is the single largest initiative to address the issues of urban infrastructure.
2. All states and UTs are covered under the Basic Services to the Urban Poor (BSUP) and Integrated Housing & Slum Development Programme (IHSDP).
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
The IMF and World Bank were conceived as institution to
- (a)
Strengthen international economy and to help create a more stable and prosperous global economy
- (b)
promotes international monetary operation
- (c)
promotes long - term economic development and poverty reduction
- (d)
All of the above
Consider the following statements
1. General Agreement on Trade in Services is a treaty of the world Trade Organisations(WTO) that entered into force in January 1995.
2. All members of the WTO are signatories to the General Agreement on Trade in Services.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
What is a blue chip company?
- (a)
Fast growing hi-technology company
- (b)
Semi conductor chip making company
- (c)
Highly valuable company
- (d)
Big companies in their maturity stage
Consider the following statements
1. The printing of notes is the total management of Reserve Bank of India
2. The volume of rupee coins and smaller coins are controlled by the ministry of finance.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Which one of the following agencies of the Indian Government publishes the Narrow Money (M1) and Broad money (M3) on fortnightly basis?
- (a)
State Bank of India
- (b)
Security Exchange Board of India
- (c)
Reserve Bank of India
- (d)
Central Statistical Organisation
Which one of the following is the main objective of the Service Area Approach Programme launched in India?
- (a)
To accelerate the process to open bank branches in the urban areas
- (b)
To devise a new strategy for rural lending to bring economic growth in rural areas.
- (c)
To formulate new device to enhance the transparency and functioning of bank branches
- (d)
Both 'a' and 'c' are correct
With reference to functions of Security Exchange Board of India, consider the following statements
1. It has power to ensure the orderly development of capital market.
2. It has power to protect the investors the capital market.
3. It has power to ensure proper functioning of the insurance market in India.
4. It has power to regulate the merchant banking in India.
Which of the statements given above is/are correct?
- (a)
1, 2, 3 and 4
- (b)
2 and 3
- (c)
2, 3 and 4
- (d)
1, 2 and 4
Consider the following statements
1. Global depository receipt is a certificate issued by a depository bank which purchases shares of foreign companies and deposits it on the account.
2. Global depository receipts are used to invest companies from developing or emerging markets
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Which one of the following commission was constituted to identify the sector in which Foreign Institutional Investors (Flls) portfolio investments will not be subject to the sectoral limits for Foreign Direct Investment except in specified sectors in India?
- (a)
M Narasimhan Committee
- (b)
Lahiri Committee
- (c)
B K Chaturvedi Committee
- (d)
Y V Reddy Committee
Consider the following statements in reaction to Union Budget 2013-14
1.A new fiscal consolidation path with fiscal deficit at 5.3% of GDP this year and 4.5% of GDP in 2013-14, announced by the Government.
2.Surcharge of 10% on persons, other than companies, whose taxable income exceed Rs 1crore to augment revenues.
3.The peak rate of basic customs duty of 10% for non-agricultural products.
4.Exemption of service tax on copyright on cinematography limited to films exhibited in cinema halls.
Which of the above statements is/are correct regarding?
- (a)
1 and 2
- (b)
1 and 4
- (c)
2, 3 and 4
- (d)
All of these
Which of the following statements is/are correct?
1.High growth will led to inflation.
2.High growth will led to deflation.
Select the correct answer using the codes given below
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
The existence of a parallel economy/black money
- (a)
Makes the economy more competitive
- (b)
Makes the monetary policies less effective
- (c)
Ensure a better distribution of income and wealth
- (d)
Ensure increasing productive investment
Consider the following statements
1.Headline inflation may not present an accurate picture of the current state of the economy.
2.Inflationary spikes occur when a particular section of the economy experiences a sudden price rise.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Abid Hussain Committee is related to reforms in _____ industries.
- (a)
private sector
- (b)
large
- (c)
public sector
- (d)
small