Quiznetik

Indian Economy Problems and Policies | Set 1

1. National Development Council was set up in:

Correct : D. 1952

2. Economic Planning is a subject:

Correct : A. in the unionlist

3. For internal financing of Five Year Plans, the government depends on:

Correct : A. taxation only

4. Take off stage' in an economy means:

Correct : A. steady growthbegins

5. Above 50% of working population of India is engaged in:

Correct : B. primary sector

6. Economic survey is published by :

Correct : A. ministry of finance

7. India has:

Correct : C. mixed economy

8. The first attempt to initiate economic planning in India was madeby:

Correct : C. m. visvesvaraya

9. The decentralisation system was recommended by:

Correct : C. balwant rai mehta

10. Rolling plan was designed for the period:

Correct : A. 1978-83

11. Who wrote the book 'Planned Economy for India'?

Correct : A. m. visvesvaraya

12. 'Globalisation of Indian Economy' means:

Correct : C. having minimum possible restrictions on economic relations with othercountries

13. The contribution of agriculture to India's' economy is:

Correct : B. decreasing

14. Dadabhai Naoroji theorised on the drain of wealth from India inhis book:

Correct : C. poverty and un-british rule inindia

15. Which one of the following Five-Year Plans recognised human development as the core of all developmental efforts?

Correct : D. the eighth five-year plan

16. In which of the Five YearPlans, preference was given to the weaker sections of the society ?

Correct : D. fifth

17. The Second Five Year Plan laid more stress upon:

Correct : B. industrialisation

18. Who among the following was the first Chairman of the PlanningCommission? [CDS 2008]

Correct : B. pt. jawahar lal nehru

19. Which Committee's recommendations are being followed for estimating Poverty Line in India?

Correct : D. lakdawala committee

20. Absolute Povertymeans:

Correct : B. poverty in terms of the basic minimum calorie requirements

21. Among the following who are eligible to benefit from the "Mahatma Gandhi National Rural Employment Guarantee Act" ?

Correct : D. adult members of any household

22. The Food For Work programme was renamedas:

Correct : B. national rural employment programme (nrep)

23. What is the minimumcalorie intake decided by the Planning Commission for rural and urban areas, respectively ?

Correct : A. 2400 and 2100

24. Black money is :

Correct : D. income on which payment of tax is usually evaded

25. The Issue Department of the RBI maintains a against printing of notes:

Correct : A. minimum reserve system

26. Inflation implies:

Correct : C. rise in general price index

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

Correct : A. norman e. borlaug

28. Which of the following is the apex bank of India?

Correct : A. sbi

29. Which one of the following institution formulates monetary policy?

Correct : A. rbi

30. National income estimation in India is the responsibility of

Correct : B. cso

31. As per the CSO classification, which of the following does not fall under industrial sector?

Correct : C. transport and communication

32. Which one of the following brings out the publication called ‘Energy Statistics’ from time to time”

Correct : D. central statistical organization

33. The headquarters of UNFCCC is located at:

Correct : D. bonn

34. Which of the following brings out wholesale Price Index (WPI)

Correct : D. ministry of industry

35. Economic depression is usually coupled with:

Correct : A. deflation

36. The phenomena of increasing prices but declining output and employment indicates:

Correct : B. stagflation

37. Which of the following is not a measure to control inflation adopted by the RBI and the Government?

Correct : B. financial inclusion

38. Which of the authority is entrusted to retain the foreign exchange reserve of the country?

Correct : C. rbi

39. This is the rate at which RBI borrows money from commercial banks:

Correct : D. reverse repo rate

40. The basic objective of MUDRA bank is to:

Correct : D. all of the above

41. In India deficit financing is used for raising resources for:

Correct : A. economic development

42. Which of the following contributes largest share in the tax revenue of India?

Correct : C. income tax

43. Which one of the following state introduced ‘fat tax’ for the first time in India?

Correct : B. kerala

44. Demonetisation has the potential to generate long term benefits in terms of:

Correct : D. all of the above

45. What is the level of sex ratio in India as per the Census Report of 2011?

Correct : C. 940

46. Select the scheme which was launched to promote basic education in India and attract children in school going age to attend the classes:

Correct : C. mid-day meal scheme

47. The AMRUT (Atal Mission for Rejuvenation and Urban Transformation) programme focuses on:

Correct : A. providing water supply

48. In an economy, head count ratio is the measure of :

Correct : B. poverty

49. The government of India refers to the absolute poverty line in terms of:

Correct : B. household consumption

50. Which one of the following items has maximum weight in wholesale price index in India?

Correct : C. manufactured products

51. Which one among the following sectors in India has the highest share of employment?

Correct : A. agriculture and allied sectors

52. When was the first agriculture census of India conducted?

Correct : D. 1970

53. Evergreen revolution indicates:

Correct : B. organic farming

54. What kind of unemployment is found in the agricultural sector of India?

Correct : D. disguised

55. Which one of the following industries is not included in the Eight Core Industries?

Correct : B. textiles

56. In the index of eight core industries, which one of the following is given the highest weight?

Correct : B. electricity generation

57. Which one of the following institutions acts as the apex regulatory body for food safety in India?

Correct : C. fssai

58. Which one of the following is the national regulatory body for insurance industry in India?

Correct : B. irdai

59. Which segment is contributing largest into the gross savings of the country?

Correct : A. household sector

60. Which of the following sector is dominant in Kerala economy?

Correct : C. service

61. GST is ---------- based tax on consumption of goods and services:

Correct : B. destination

62. India chosen ---------- model of dual GST:

Correct : C. canadian

63. GST stands for:

Correct : C. goods and service tax

64. Ashok Mehta Committee in 1977 recommended for the establishment of:

Correct : D. mandal panchayat

65. Which one of the following was the first committee to demand constitutional recognition for Panchayats?

Correct : A. balwantrai mehta committee

66. When the Land Reform Act was passed?

Correct : A. 1950

67. Till what time Indian Economy want to become a US$5 trillion dollar economy?

Correct : B. 2024-25

68. What is the base year for calculating India's GDP?

Correct : C. 2011-12

69. As per the Union Budget, 2020-21, what is the highest rate of Direct Tax in India?

Correct : C. 30%

70. When was R.B.I. nationalised?

Correct : B. 1949 c.