Quiznetik

Indian Economy | Set 7

1. Which of the following statements regarding Indian agriculture is correct?

Correct : A. It contributes nearly 25 per cent of the GDP

2. Agricultural marketing in India has certain defects which do not include:

Correct : D. insufficient price incentives by the government

3. The area under cultivation is declining fast in the case of:

Correct : C. jute

4. The book Wealth of Nations' was written by:

Correct : C. Adam Smith

5. Gadgil Formula refers to the allocation of:

Correct : C. tax proceeds between the States

6. Who is regarded as the founder of the scientific Socialism? [NDA 1993]

Correct : B. Karl Marx

7. What is Laissez-faire? [I. Tax & Central Excise 1989]

Correct : C. Non-interference· of Government in economic affairs

8. India's economic zone extends ______ miles off its coast:

Correct : C. 200

9. From the view of International economy, Third World implies:

Correct : B. the developing countries

10. World Bank is a body: [Asstt Grade 1994]

Correct : D. that gives aid to developing countries

11. In which one of the following countries is Rupee its currency? [IAS 2003]

Correct : D. Seychelles

12. Which of the following statements are correct? 1. Aircrafts of Air India plying between Sri Lanka and Bangladesh are a part' of domestic territory of India 2. Premises of the German embassy in Pakistan is international territory 3. A Japanese working for the WHO office located at New Delhi is a normal resident of Japan 4. An American teacher employed in the American School in India for three years is a normal resident of India

Correct : C. 1 and 3

13. Which one of the following categories of workers is termed as cultivators? [CPO SI 2010]

Correct : C. Those who cultivate the land of others

14. Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under micro-finance is/are: 1. Credit facilities 2. Savings facilities 3. Insurance facilities 4. Fund Transfer facilities Select the correct answer using the codes given below the lists: [CSAT 2011]

Correct : D. 1, 2, 3 and 4

15. India is regarded as a country with "Demographic Dividend". This is due to [CSAT 2011]

Correct : B. Its high population in the age group of 15-64 years

16. Consider the following statements: 1. The number of post offices in India is in excess of 1.5 lakhs. 2. Bharat Sanchar Nigam Limited (BSNL) was formed in the year 1997. 3. Telecom Regulatory Authority of India (TRAI) was established in the year2000. Which of the statements given above is/are correct? [IAS 2005)

Correct : C. 1 only

17. Which' day is celebrated as 'National Consumer Right Day?

Correct : D. 24th December

18. Which of the following gives the maximum production of edible oil?

Correct : A. Groundnut

19. Ad Valorem means:

Correct : A. according to value

20. Which State stands first in the length of roads in the country?

Correct : A. Maharashtra

21. Who is the originator of Green Revolution in India?

Correct : A. Norman E. Borlaug

22. What is Green Gold?

Correct : A. Tea

23. 'Conditionality' of an IMF loan to a member country stands for: [Asstt Grade 1994]

Correct : D. the policy steps which the borrower country must take

24. Which State produces maximum pulses in the country?

Correct : A. Madhya Pradesh

25. Which state produces maximum Soyabean?

Correct : A. Madhya Pradesh

26. What percentage of country's demand for natural rubber is met by indigenous production:

Correct : C. 86%

27. Buffer stocks of foodgrains have helped the Government to achieve all but one of the following:

Correct : D. provide balanced diet to masses

28. Consider the following statements: [IAS 2004] 1. Regarding the procurement of foodgrains, the Government of India follows a procurement target rather than an open-ended procurement policy 2. Government of India announces minimum support price only for cereals 3. For distribution under Targeted Public Distribution System (TPDS)wheat and rice are issued by the Government of India at uniform central issue prices to the States/Union Territories Which of the statements given above is/are correct?

Correct : D. 3 only

29. Consider the following statements : [IAS 2004] India continues to be dependent on imports to meet the requirement of oilseeds in the country because: 1. farmers prefer to grow food grains with highly remunerative support prices 2. most of the cultivation of oilseed crops continues to be dependent on rainfall 3. oils from the seeds of tree origin and rice bran have remained unexploited 4. it is far cheaper to import oilseeds than to cultivate the oilseed crops Which of the statements given above are correct?

Correct : B. 1, 2 and 3

30. India is said to be in the second stage of the demographic transition because:

Correct : B. birth rate is high but -death rate is declining due to improvement in healthy services

31. Which arrangement of the following would show the correct sequence of demographic transition as typically associated with economic development? 1. high birth rate with high death rate 2. birth rate with low death rate 3. high birth rate with low death rate

Correct : B. 1, 3, 2

32. Which of the following statements regarding wheat production is/a reincorrect? 1. Maximum area under wheat is in Uttar Pradesh 2. Maximum production is in Uttar Pradesh 3. Highest productivity is from Haryana

Correct : D. 3 only

33. The 'Uruguay Round' negotiations resulted in the establishment of: [Asstt Comm 2008]

Correct : D. WTO

34. India is a member of which of the following? 1. Asian Development Bank 2. Asia-Pacific Economic Cooperation 3. Colombo Plan 4. Organization for Economic Cooperation and Development (OECD) Select the correct answer using the code given below: [IAS 2008]

Correct : A. 1 and 3 only

35. Consider the following statements: 1. The agreement on South Asian Free Trade Area (SAFTA)came into effect from 1st December, 2005. 2. As per SAFTA agreement terms, India, Pakistan and Sri Lanka have to decrease their custom duties to the level of 0 to 5 percent by the year 2013. Which of the statements given above is/are correct? [IAS 2006]

Correct : D. Neither 1nor 2

36. Which one of the following countries is not a member of ASEAN? [IAS 2006]

Correct : C. Bangladesh

37. With reference to Union Government, which one of the following undertake the country-wide Economic Census? [Asstt Comm 2008]

Correct : D. The Central Statistical Organization

38. In which year was 'Rajiv Gandlii Grameen Vidyutikaran Yojana' launched? [Asstt Comm 2008]

Correct : B. 2005

39. India is self-sufficient in production of which of the following commodities? [RBI Grade B Officer 2011]

Correct : B. Milk

40. What does S & P 500 relate to? [IAS 2008]

Correct : D. An index of stocks of large companies

41. Which one amongst the following has the largest livestock population in the world? [IAS 2008]

Correct : C. India

42. Basel II relates to which one of the following? [IAS 2007]

Correct : D. International standards for measuring the adequacy of a bank's capital

43. Tarapore Committee was associated with which one of the following? [IAS 2007]

Correct : B. Fuller capital account convertibility

44. A National Development Fund was created by the Govt. of India a few years ago. What was the purpose of the fund? [Punjab & Sindh Bank 2011] (A) Boost investment in· social sector projects to promote education, healthcare and employment. (B) Capital investments in selected profitable PSEs to yield adequate returns (C) To fund revision in pay structure of central Govt. employees.

Correct : A. Only A

45. India is a:

Correct : C. developing country

46. The growth rate of Indian economy in 2012-13is:

Correct : A. 5%

47. Among the following states which has the highest PCI ?

Correct : A. goa

48. The Gross Domestic Saving as percent of GDP in 2011-12 in Indian economy is:

Correct : D. 30.8%

49. Which sector is considered as the work horse of Indian economy?

Correct : C. tertiary

50. According to 2011 census the rate of urbanisation in India is:

Correct : B. 31.16%

51. Among the Indian states which has the highest density?

Correct : D. bihar

52. The crude literacy rate in India according to 2011 census is:

Correct : D. 74.04%

53. Relative poverty is basically related with

Correct : B. rich

54. In 2008 Planning commission appointed a committee to estimate the poverty in India under:

Correct : D. tendulkar

55. Which is the Year of Great Divide?

Correct : D. 1921

56. According to Mixed Recall period India’s Poverty in 2009-10 is

Correct : C. 29.8%

57. The sex ratio of Kerala in 2011is:

Correct : A. 1084

58. The sex ratio of India in 2011 is:

Correct : B. 940

59. The child sex ratio of India in 2011 is:

Correct : A. 913

60. TRYSEM was started in

Correct : D. 1979

61. For a rural person the minimum calorie needed to reach above poverty line is:

Correct : A. 2400 calorie

62. Which is an urban poverty eradication Programme?

Correct : D. nry

63. Which of the following is an urban employment generation programme?

Correct : C. sjsry

64. The type unemployment more prominent in India is:

Correct : C. structural

65. India’s unemployment is estimated by the agency:

Correct : A. nsso

66. The long term unemployment is measured by

Correct : A. usual status

67. The most faithful measure of unemployment is:

Correct : C. current daily status

68. The ratio of unemployment in India in 2009-10 is:

Correct : B. 6.6

69. India’s rank according to HDI in 2012 is

Correct : C. 136

70. The Gini coefficient of India in 2011is:

Correct : A. 36.8

71. The average MPCE of rural people in India according to 68 th round of NSSO is:

Correct : A. rs.1281.45

72. Among the following states which has the highest HDI value?

Correct : C. kerala

73. The annual growth rate of India’s population according to 2011census is:

Correct : B. 1.76%

74. What is the percentage of agricultural population in India in 2012.

Correct : A. 66 per cent

75. What was the contribution of the primary sector to net domestic product of India in 2011.

Correct : B. 18%

76. In which year New Agricultural strategy was introduced in India.

Correct : C. 1966

77. Which state of India has derived the maximum benefit from Green Revolution.

Correct : D. punjab

78. Land reform includes:

Correct : D. all of the above

79. Which are kharif crop(s)

Correct : D. all of these

80. Which is the main wheat production State of India

Correct : A. punjab

81. Which is the Commercial crop

Correct : A. tea

82. Tenancy reform is related to.

Correct : D. all of the above

83. PDS Stands for:

Correct : A. public distribution system

84. Agricultural Credit is given by.

Correct : D. all of the above

85. India’s Green revolution was most successful in …………Production:

Correct : A. wheat

86. Regional Rural Bank were started in ………………..

Correct : C. 1975

87. The worst form of land tenurs system was…………………….

Correct : A. zamindary

88. When the first industrial policy was introduced ?

Correct : C. 1948.

89. How many industries are reserved for the public sector in the new Industrial policy 1991.

Correct : B. 8

90. SSI stands for

Correct : A. small scale industries ,

91. SAIL was set up in

Correct : C. 1974.

92. IISCO came under the control of :

Correct : B. sail

93. MARTP Act is related to …………….

Correct : A. industry

94. Small –scale industries contributed …………% towards total production of manufacturing :

Correct : B. 5.83

95. Indian Iron and Steel company was established in ……………

Correct : B. 1909

96. …………… is known as the father of Iron and Steel company in India.

Correct : A. jamshedji tata

97. Bockaro Steel plant was started during ……………. plan .

Correct : D. fourth

98. WTO prescribes export subsidies as:

Correct : B. unfair competition

99. Export promotion is an:

Correct : B. outward looking strategy

100. Since March 1973, the world, more or less, had a:

Correct : C. managed floating exchange rate system