MCQ on Indian economy questions and Answers for SSC

Posted on

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

 

76.
Which of the following are the roles of government in the economy:
1.An effective employment policy, which can absorb the growing number of workers and promote economic growth
2.An imaginative family planning programme to encourage families to adopt the small family norm Which among the above statements is / are not correct?

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

77.
Consider the following statement regarding usual status
1.Indira Gandhi Matritva Sahyog Yojana (IGMSY) has been launched to improve the health and nutrition status of pregnant, lactating women and infants
2.The scheme envisages Cash Incentives for the above beneficiaries
3.All Government Women Employees are beneficiaries of the IGMSY Which among the above statements is / are correct?

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

78.
Plan expenditure in India is met by-

a
Internal debt and other resources
b
Assistance from IMF
c
Assistance from OECD countries
d
Assistance from Aid India Club

79.
Which statements about indirect taxes in India are true?
1.There should be comfortable foreign exchange resources
2.Low rate of inflation
3.Mechanism by which the government can pass on the changes in the price of imported goods to the consumers
4.SLR and CRR must be low.

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

80.
'Gresham's Law' in Economics relates to

a
Circulation of currency
b
Consumption and supply
c
Supply and demand
d
Distribution of goods and services

81.
Transchart is the

a
container service established by Indian Railways
b
passenger insurance scheme of Indian
c
training institute of maritime studies and research
d
chartering wing of the Ministry of Shipping Transport

82.
Which of the following statements with regard to Indian Agriculture is/are true?
1.Regarding the procurement of foodgrains, Government of India follows a procurement target rather than an open-ended procurement policy
2.Government of India announces minimum support prices 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 below above is/are correct?

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

83.
Which of the following refers to that part of deficit for which the government borrows from the RBI?
1.Excise duty and sales tax are examples of indirect taxes
2.Taxes like income tax and property tax are direct taxes
3.There is no difference between Direct and Indirect tax
Select the correct answer using the code given below:

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

84.
Economic growth is usually coupled with

a
Stagflation
b
Hyperinflation
c
Inflation
d
Deflation

85.
According to the last census, which is the most populated state in India?

a
Between 10–15 per cent
b
Between 15–20 per cent
c
Below 10 per cent
d
More than 20 per cent

86.
Consider the following statements :
1.Rural infrastructure Development Fund disperses loans to the states to complete the minor irrigation projects
2.Rural infrastructure Development Fund is managed by the public sector Commercial Banks Which of the statements given above is/are correct?

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

87.
Which of the following factors does not divide our society into haves and have nots?

a
Unemployment
b
All of the above
c
Fall in real wages
d
Poverty

88.
Which among the following would most likely follow if the Reserve Bank of India effects selling of the securities?

a
The cash resources of the commercial banks remain unchanged.
b
None of the above.
c
The cash resources at the disposal of the commercial banks increase.
d
The cash resources at the disposal of the commercial banks get diminished.

89.
Population experts refer to the possible 'demographic bonus' that may accrue to India around 2016 A.D. They are referring to the phenomenon of

a
a surge in the population in the productive age group;
b
a well-balanced sex ratio
c
a decline in both birth and death rates;
d
a sharp drop in the total population

90.
What is the sex ratio (number of females per 1,000 males) in India?

a
Kerala
b
Tamil Nadu
c
Assam
d
Delhi

Rate This:
NaN / 5 - 1 votes
Profile photo for Dasaradhan Gajendra