MCQ on Indian economy questions and Answers for SSC

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Important Gk Questions part 1980+ MCQ on Indian economy questions and Answers for UPSC / SSC and Gk for all competitive exams in India

Indian economy questions and Answers

 

16.
Which one of the following five year plans has the highest growth rate in Agriculture sector in India ?

a
Sixth Five Year Plan
b
Seventh Five Year Plan
c
Eighth Five Year Plan
d
Ninth Five Year Plan

17.
Which statement is correct regarding Export houses? I. To increases the marketable efficiency of exporters, the Government introduced the concept of export houses, trading houses and star trading houses II. Those registered exporters who have shown good export performances over past few years have been given the status of export houses, and trading houses III. Units having such classification are required to achieve the prescribed average export performance level and earning of foreign exchange.

a
II & III
b
Only III
c
I & II
d
All the above

18.
Persons below the poverty line in India are classified as such based on whether

a
they get work for a prescribed minimum number of days in a year
b
they belong to agricultural labourer household and the scheduled caste/tribe social group
c
their daily wages fall below the prescribed minimum wages
d
they are entitled to a minimum prescribed food basket

19.
Subsidies mean

a
payment made by companies to shareholders
b
payment by government for purchase of goods and services
c
payment made by the government to business enterprises, without buying any goods and services
d
payment made by business enterprises to factors of production

20.
Various employment programmes have been launched in India, namely, IRDP, NREP, RLEQP, FWP. They are meant to improve

a
Social stratifi cation
b
Principle of progressive taxation
c
System of private property
d
Absence of social security

21.
Mixed economy means

a
Promotion of agriculture as well as industries
b
Coexistence of private and public sectors
c
Coexistence of small and large scale industries
d
Coexistence of rich and poor

22.
What is 'Future Trading'?

a
3 only
b
All 1, 2 and 3
c
2 only
d
1 only

23.
The Indian economy is described as a

a
developed economy
b
backward economy
c
urban developed economy
d
developing economy

24.
Which hydro-electric project produces maximum power energy?

a
Koyna
b
Bhakra Nangal
c
Hirakud
d
Salal

25.
When the Reserve Bank of India reduces the Statutory Liquidity Ratio by 50 basis points, which of the following is likely to happen? [IAS Prelims 2015]

a
Scheduled Commercial Banks may cut their lending rates
b
It may drastically reduce the liquidity to the banking system
c
India's GDP growth rate increases drastically
d
Foreign Institutional Investors may bring more capital into our country

26.
The Global Infrastructure Facility is a/an

a
Collaboration among the major banks of the world working with the OECD and focused on expanding theset of infrastructure projects that have the potential to mobilize private investment.
b
UNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world
c
ASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian Development Bank.
d
World Bank collaboration that facilitates the preparation and structuring of complex infrastructure PublicPrivate Partnerships (PPPs) to enable mobilization of private sector and institutional investor capital.

27.
Which of the following could assist economic growth in developing countries?

a
An increase in the level of education
b
Decrease in the terms of trade
c
An increase in the rate of taxation
d
Decrease in foreign investment

28.
Which of the following are non-bulk items of import?

a
increase in wages
b
reduction in taxes
c
decrease in money supply
d
decrease in taxes

29.
Which amongst the following provided a common factor for tribal insurrection in India in the 19th century?

a
Rise of a large number of money lenders, traders and revenue farmers as middlemen in tribal areas.
b
Introduction of a new system of land revenue and taxation of tribal products.
c
Influence of foreign religious missionaries in tribal areas.
d
The complete disruption of the old agrarian order of the tribal com-munities.

30.
Currency of a European country which was not revalued at the European Economic Summit was

a
French Franc
b
Dutch Guilder
c
Danish Kroner
d
German Mark

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