General Knowledge - Indian Economy
Exam Duration: 60 Mins Total Questions : 30
Match List I (Phases of National Highway Development Project (NHDP) with List II (Project-undertaken) and select the correct answer using the codes given below the lists
List I | List II |
NHDP Phase-I | Comprises six laning of existing 4 lane highways on Design Operate Model |
NHDP Phase-III | Envisages development of fully access controlled Express-ways under PPP Model |
NHDP Phase-V | Involves 4/6 laning of high-density corridor connecting state capitals, important tourist places, economically important areas etc |
NHDP Phase-VI | Development of Golden Quadrilateral (GQ) Model National Highways |
- (a)
A B C D 2 4 3 1 - (b)
A B C D 2 3 4 1 - (c)
A B C D 4 3 1 2 - (d)
A B C D 4 1 3 2
Consider the following announcements of Government of India in recent times.
1. Carbon tax imposed on the coal produced and imported.
2. Jawaharlal Nehru National Solar Mission.
3. Ultra Mega Power Projects.
Which of the announcements given above is/are aimed to bring sustainable development in India?
- (a)
1, 2 and 3
- (b)
1 and 2
- (c)
2 and 3
- (d)
Only 2
Consider the following statements
1. In the Eleventh Five Year Plan, the capacity addition of electricity generation in power sector more than the target set in the plan.
2. The electricity generated from the nuclear power plant in India is more than 25% of the total power generation.
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 Bombay Plan drafted by GD Birla and JRD Tata emphasized on
- (a)
that the economy should be left to the dynamic investments by the private sector in heavy industries
- (b)
the public sector investments in infrastructure and heavy industries
- (c)
annual planning
- (d)
that the private sector should foot the bill of intensive and low return investments in the heavy industries
In the context of India's Five year Plans, a shift in pattern of industrialisation with lower emphasis of the heavy industry and move on infrastructure begins in
- (a)
Fourth Plan
- (b)
Sixth Plan
- (c)
Eight Plan
- (d)
Tenth Plan
From which one of the following years, the Rolling Plan of the Indian Economy was started?
- (a)
1966-1969
- (b)
1978-1983
- (c)
1980-1985
- (d)
2002-2007
Indian Agriculture is typically characterised as
- (a)
land surplus and labour scarce economy
- (b)
land surplus and labour surplus economy
- (c)
land scarce and labour surplus economy
- (d)
land scarce and labour scarce economy
Consider the following statements
1. India ranks first in the world in dairy milk production.
2. The per capita availability of dairy milk in India is more than the per capita availability of the world
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
1.Rashtriya Krishi Vikas Yojana aims to the achieve 4% growth rate in the agriculture and allied sector of Indian Economy during the plan.
2.Rashtriya Krishi Vikas Yojana resticts the states from taking the decision to implement the scheme according to socio-environment conditions of area.
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
1.India has attained self-sufficiency in almost all consumer goods.
2.In the term of capital goods, India still depends on the import
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 sector of the Indian Economy With respect to share of employment
1.Agriculture sector
2.Industrial sector
3.Services sector
Arrange this sector from the highest to lowest in the terms of share of employment and select the correct answer using the codes given below
- (a)
1,2,3
- (b)
1,3,2
- (c)
3,1,2
- (d)
3,2,1
Which one of the following statements is not correct?
- (a)
Under the targeted public distribution system, the family below poverty line are provided 50 kilograms of foodgrains per month per family at subsidised price
- (b)
Under Annapurna Scheme, indigent senior citizens of 65 years of age or above are eligible for National Old Age Pension but not getting Pension can get 10 kg of foodgrains per person per month free of cost
- (c)
Ministry of Social Justice and Empowerment has scheme in Welfare indigent people living in Welfare institutions like orphanages are given 15 kg of foodgrains per person per month ar BPL rates
- (d)
Ministry of Human Resources Development gives financial support to Mid-day Meal Scheme for the benefit of class I to V Student in government or government-aided schools
Consider the following norms of the Mid-day Meal Scheme
1. To provide a minimum of 450 Calories of food.
2. To provide a minimum 12 gram of protein.
3. To provide adequate quantities of micronutrients like iron, folic acid, vitamin-A
4. To provide adequate quantities of essential fatty acids and medicine for the common cold and diarrhoea.
- (a)
1,2,3 and 4
- (b)
1, 2 and 3
- (c)
1, 2 and 4
- (d)
1, 3 and 4
Consider the following statements
1. Annapurana Scheme was introduced in 2004-05.
2. Annapurana Scheme is available to National Old Age Pension Scheme.
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 of the following can be said to be essentially the parts of inclusive Governance?
1. Permitting the Non-Banking Financial Companies to do banking.
2. Establishing effective District Planning Committees in all the districts.
3. Increasing the government spending on public health.
4. Strengthening the Mid-day Meal Scheme.
Which of the statements given above is/are correct?
- (a)
1, 2, 3 and 4
- (b)
1,2 and 3
- (c)
2 and 3
- (d)
2 and 4
Consider the following statements
1. Indian - Japan Comprehensive Economic Partnership Agreement ( CEPA ) is the India's CEPA after Singapore and Korea
2. India - Japan Comprehensive Economic Partnership Agreement ( CEPA ) is the India's first with a developed country.
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 group of countries has formed the NAMA-11 of World Trade Organisation?
- (a)
Developed Countries
- (b)
Least developing countries
- (c)
Developing countries
- (d)
None of the above
Which one of the following countries has the highest share in the World Export among the Asian countries?
- (a)
South Korea
- (b)
Singapore
- (c)
India
- (d)
China
Consider the following barriers
1. Anti-dumping practice
2. Packing, labeling, and marking standards
3. Charges on imports
4. Rules of origin
5. Sanitary and phyto-sanitary conditions
Which of the barriers given above is/are come under the Non-Tariff Barriers (NTBs) of WTO?
- (a)
1, 2, 3 and 5
- (b)
1, 3, 4 and 5
- (c)
2, 3, 4 and 5
- (d)
All of these
Which one of the following percentages is the share of the Indian Export in the International Trade?
- (a)
Less than 1%
- (b)
More than 1 but less than 3%
- (c)
More than 3 but less than 5%
- (d)
More than 5 but less than 7%
Which one of the following factors is taken account to calculate the Balance of Payment (BOP) of a country?
- (a)
Current Account
- (b)
Changes in the Foreign Exchange Reserves
- (c)
Errors and Omissions
- (d)
All of the above
Which among the following currencies is the costliest?
- (a)
French Franc
- (b)
Swidd Franc
- (c)
Euro
- (d)
Pound sterling
Consider the following statements
1.Foreign Currency Convertible Bonds are issued in currencies different from the issuing company's domestic currency.
2.Foreign Currency Convertible Bonds are quasi-debt instruments and tradable on the primary capital market.
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
1.Mutual funds are not allowed to participate in the derivatives market in Indian Capital Market.
2.Mutual funds are permitted to invest in ADRs.GDRs and foreign securities.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither q nor 2
Which one of the following deficits deducted the interest payments to internal and external debt from the fiscal deficit to calculate the deficit of an economy?
- (a)
Revenue deficit
- (b)
Twin deficit
- (c)
Primary deficit
- (d)
Budgetary deficit
The Union Government decided to prove a Financial Assistance of 41.21 crore rupees to protect pashmina goat, which produces world-famous fine luxury fibre. Which of the following is/are features of the scheme?
1.It includes assistance for foundation stock in new areas for pashmina rearing activities.
2.Inclusion of health coverage and feed supplement.
3.Strengthening of existing Fodder Bank and pashima goat breeding farm.
4.It includes establishment of multipurpose extension centre and pasture farm on migratory route.
Select the answer from codes given below
- (a)
1, 2 and 3
- (b)
2, 3 and 4
- (c)
Only 2 and 4
- (d)
All of these
Which one among the following is an appropriate description of deflation?
- (a)
It is a sudden fall in the value of a currency against other currencies
- (b)
It is a persistent recession in the economy
- (c)
It is a persistent fall in the general price level of goods and services
- (d)
It is fall in the rate of inflation over a period of time
Which one of the following inflation is the type of inflation that results from past events and persists in the present?
- (a)
Huperinflation
- (b)
Sogflation
- (c)
Built-in inflation
- (d)
Biflation
Which one of the following coin the term 'Stagflation' in the economy?
- (a)
Iain Macleod
- (b)
Milton Friedman
- (c)
J M Keynes
- (d)
William Phillips
National Income estimates in India is prepared by
- (a)
RBI
- (b)
S.O.
- (c)
Finance Ministry
- (d)
Planning Commission