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

 

61.
Consider the following statements :
1.The forest cover in India Constitutes around 20% of its geographical area. Out of the total forest cover, dense forest constitutes around 40%
2.The National Forestry Action Programme aims at bringing one-third of the area of India under tree/forest cover. Which of the statements given above is/are correct?

a
1 only
b
2 only
c
Both 1 and 2
d
Neither 1 nor 2

62.
India is regarded as a country with 'Demographic Dividend''. This is due to

a
Its high population in the age group of 15-64 years.
b
Its high population in the age group above 65 years.
c
Its high total population.
d
Its high population in the age group below 15 years.

63.
Who among the following constitute the National Development Councils?
1.Bulk of employment in India is in rural areas
2.The disguised unemployment in agricultural sector is perennial
3.Industrialization has rendered several people jobless in India. Which of the statement(s) given above is/ are correct?

a
1 and 2 only
b
1, 2, 3 and 4
c
1, 2 and 3 only
d
1, 3 and 4 only

64.
Consider the following statements :
1.Removal of poverty
2.Rehabilitation of economy
3.Heavy industrialisation
4.Import substitution Arrange them in correct priority order in different Five-Year Plans

a
2, 1, 4, 3
b
1, 2, 3, 4
c
2, 1, 3, 4
d
1, 2, 4, 3

65.
Which of the following taxes is not levied by any State Government?

a
none of these
b
CST
c
excise duty
d
income tax

66.
Consider the following statements in respect of the National Rural Employment Guarantee Act, 2005:
1.Under the provision of the Act, 100 days of employment in a year to every household whose adult members volunteer to do unskilled manual work has become a fundamental right
2.Under the provision of the Act, women are to get priority to the extent that one-half of persons who are given employment are women who have asked for work Which of the statement given above is/ are correct?

a
I only
b
Both I and II
c
Neither I nor II
d
II only

67.
The Standing Committee of State Finance Ministers recommended in January 2000 uniform rates across the States in respect of

a
agricultural income-tax
b
stamp duty and registration fees
c
value-added tax
d
sales tax

68.
Anthony Lake, best known as Tony Lake is the executive director of _______ .

a
International Labour Organisation
b
United Nations Children's Fund (UNICEF)
c
Food and Agriculture Organisation
d
International Atomic Energy Agency

69.
Which of the following are under the purview of Industrial Development Bank of India?
1.Unit Trust of India
2.Life Insurance Corporation of India
3.Export-Import Bank
4.State Finance corporation of India Choose the correct answer from the codes given below:

a
1, 2 and 4
b
1, 3 and 4
c
2, 3 and 4
d
1,2 and 3

70.
Consider the following commodities :
1.Tea
2.Cotton cloth
3.Cereals
4.Edible oils
5.Sugarcane Among these, whose per capita availability has remained more or less static between 1980-81 and 1987-88 in India?

a
1, 4 and 5
b
1, 2 and 3
c
1, 2, 3 and 4
d
2, 3, 4 and 5

71.
The structural changes in exports means

a
Increasing imports.
b
Change in the commodities of export.
c
Change in the commodities of imports
d
Increasing exports along with the imports.

72.
Reserve Bank of India was nationalized in the year

a
soap industry
b
small industries
c
sugar industry
d
steel industry

73.
Which of the following are the objectives of the Commission for Agricultural Costs and Prices (CACP)? A. To stabilize agricultural pricesB. To ensure meaningful real income levels to the farmers C. To protect the interest of the consumers by providing essential agricultural commodities at reasonable rates through public distribution system D. To ensure maximum price for the farmer

a
A, B and D
b
B, C and D
c
A, B and C
d
A, C and D

74.
What are the measures of checking deflation?
1.Call money market
2.Treasury Bill Market
3.Commercial Bill Market
4.Collateral loan market Choose the correct code.

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

75.
Consider the following statement:
1.These guidelines help improve the transparency in the methodology followed by banks for determining the interest rates on advances
2.These guidelines help ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks
Select the correct answer using the code given below.

a
2 only
b
3 only
c
1 only
d
All of the Above

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