790+ Indian Economy Solved MCQs

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , Bachelor of Arts (BA) , Bachelor of Arts in Economics (BA Economics) , Union Public Service Commission (UPSC) .

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101.	Which among the following is not correct with regard to Sampoorna Grameen Rozgar Yojana? 1. The case component of the programme is borne exclusively by the Central Government. 2. Foodgrains are provided free of cost to the States/Union Territories. Select the answer using the codes given below [NDA 2008]
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» B. 2 only

102.	Consider the following statements: [NDA 2008] 1. Hariyali is a watershed development project sponsored by the Central Government. 2. Hariyali also aims at enabling the urban population to conserve rain water.
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» A. 1 only

103.	The Food For Work programme was renamed as:
A.	Rural Landless Employment Guarantee Programme (RLEGP)
B.	National Rural Employment Programme (NREP)
C.	Jawahar Rozgar Yojana (JRY)
D.	Integrated Rural Development Programme (IRDP)
Answer» B. National Rural Employment Programme (NREP)

104.	Pradhan Mantri Gramodaya Yojana aims at:
A.	meeting rural needs like Primary education; health care, drinking water, housing, rural roads
B.	alleviating poverty micro-enterprises
C.	generating employment in the rural areas
D.	strengthening the Panchayati Raj System in rural areas
Answer» A. meeting rural needs like Primary education; health care, drinking water, housing, rural roads

105.	Which one of the following statements is not correct? [IAS 2004]
A.	Under the Targeted Public Distribution System, the families Below Poverty Line are provided 50 kg. of food grains per month per family at subsidised price
B.	Under Annapurna Scheme, indigent senior citizens of 65 years of age or above eligible for National Old Age Pension but not getting pension can get 10 kg of food grains per person per month free of cost
C.	Ministry of Social Justice and Empowerment has scheme in which indigent people living in welfare institutions like orphanges are given 15 kg of food grains per person per month at BPL rates
D.	Ministry of Human Resource Development gives financial support to Mid-Day Meal Scheme for the benefit of class I to V students in Government or Government aided Schools
Answer» A. Under the Targeted Public Distribution System, the families Below Poverty Line are provided 50 kg. of food grains per month per family at subsidised price

106.	Consider the following statements: [IAS 2004] 1. The loans disbursed to farmers under Kisan Credit Card Scheme are covered under Rashtriya Krishi Beema Yojna of Life Insurance Corporation of India. 2. The Kisan Credit Card holders are provided personal accident insurance of Rs.50000 for accidental death and Rs. 25000 for permanent disability. Which of the statement given above is/are correct?
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 or 2
Answer» B. 2 only

107.	DWCRA stands for:
A.	Development and Welfare of Catchment Rural Areas
B.	Development of Women and Children in Rural Areas
C.	Direct Welfare of Children in Rural Areas
D.	All of the above
Answer» B. Development of Women and Children in Rural Areas

108.	Which one of the following is a revamp of the Integrated Rural Development Programme?
A.	Jawahar Gram Samridhi Yojana
B.	Community-based Pro-poor Initiative
C.	Swarnajayanti Gram Swarozgar Yojana
D.	National Social Assistance Programme
Answer» C. Swarnajayanti Gram Swarozgar Yojana

109.	What is the main objective of Antyodaya programme?
A.	Uplift the poor
B.	Uplift the urban poor
C.	Uplift the farmer
D.	Uplift the landless labour
Answer» A. Uplift the poor

110.	Which of the following schemes launched by the Govt. of India aims at enhancing the livelihood security of the people in rural areas by guaranteeing hundred days of employment in a financial year to a rural household whose adult members volunteer to do unskilled manual work? [RBI Grade B Officer 2011]
A.	TRYSEM
B.	Pradhan Mantri Gram Sadak Yojana
C.	Kutir Jyoti Scheme
D.	MNREGA
Answer» D. MNREGA

111.	Swarn Jayanti Gram Swa-Rozgar Yojna came into being in : [UPPCS 2002]
A.	April 1995
B.	April 1997
C.	April 1999
D.	July 2001
Answer» C. April 1999

112.	The Minimum Needs Programme aims to:
A.	provide means for greater mechanization of agriculture
B.	improve the living condition of the poor and also promote their education and health
C.	provide necessary resources by way of refinance to primary lenders
D.	None of these
Answer» B. improve the living condition of the poor and also promote their education and health

114.	With reference to the Government of India's various programmes, what is Nirmal Gram Puraskar? [IAS 2006]
A.	It is an incentive scheme of scholarships for the single girl child in families in villages.
B.	It is an incentive scheme of scholarships for female sportspersons from villages who represent their states in any game.
C.	It is an incentive scheme for schools in the villages for computer education.
D.	It is an incentive scheme Panchayati Raj institutions.
Answer» D. It is an incentive scheme Panchayati Raj institutions.

115.	The strategic aim of IRDP is :
A.	to reduce unemployment
B.	to provide the required inputs for increasing agricultural productivity
C.	to provide more opportunities for rural employment and credit facilities at concessional rate of interest
D.	none of these
Answer» C. to provide more opportunities for rural employment and credit facilities at concessional rate of interest

116.	Operation Blackboard aims at
A.	promoting adult literacy
B.	providing education to urban slum dwellers
C.	opening of new schools specially for female children
D.	providing primary education in an educationally backward area
Answer» A. promoting adult literacy

113.	The Rural Landless Employment Guarantee Programme (RLEGP) is an extension of:
A.	Integrated Rural Development Programme (IRDP)
B.	National Rural Employment Programme (NREP)
C.	Training of Rural Youth for Self Employment (TRYSEM)
D.	Minimum Needs Programme (MNP)
Answer» B. National Rural Employment Programme (NREP)

117.	In India, present trend of rapid urbanisation is due to:
A.	lack of employment opportunities in rural areas
B.	influence of cinema and electronic media
C.	break up of joint family system
D.	abolition of zamindari system
Answer» A. lack of employment opportunities in rural areas

118.	With reference to the government's welfare schemes, consider the following statements: 1. Under the Antyodaya Anna Yojana, the food grains are available to the poorest of the poor families at Rs. 2 per kg for wheat and Rs.3 per kg for rice. 2. Under the National Old Age Pension Scheme, the old and destitute are provided Rs. 75 per month as Central Pension, in addition to the amount provided by most State Government 3. Government of India has allocated 25 kg food grains per below Poverty Line family per month, at less than half the economic cost. Which of these statements are correct? [IAS 2003]
A.	1 and 2
B.	1 and 3
C.	2 and 3
D.	1, 2 and 3
Answer» D. 1, 2 and 3

119.	Consider the following statements in respect of the National Rural Employment Guarantee Act, 2005 : 1. Under the provisions 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 provisions 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 statements given above is/are correct? [IAS 2006]
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 and 2
Answer» B. 2 only

120.	What is the minimum calorie intake decided by the Planning Commission for rural and urban areas, respectively ?
A.	2400 and 2100
B.	2100and 2400
C.	2400 and 2200
D.	2100 and 2200
Answer» A. 2400 and 2100

121.	Which of these programs has not been included in the Swarna Jayanti Swarozgar Yojana?
A.	IRDP
B.	TRYSEM
C.	DWCRA
D.	JR
Answer» D. JR

122.	For which one of the following purposes, the Government has launched the Rajiv Awas Yojana? [Punjab & Sindh Bank 2011]
A.	To provide affordable houses to people living BPL
B.	To provide affordable houses to rural poor
C.	To provide affordable houses to minorities
D.	To provide affordable houses to slum dwellers and the urban poor
Answer» D. To provide affordable houses to slum dwellers and the urban poor

123.	Which of the following is NOT an economic empowerment scheme launched by the Govt. of India for the benefit of various sections of society? [Punjab & Sindh Bank 2011]
A.	STEP
B.	Swayamsidha
C.	KALPANA-1
D.	Swadhar
Answer» C. KALPANA-1

124.	The Govt. of India has launched a number of poverty alleviation programmes. This is done with the view that poverty is the root cause of social insecurity. In addition to that UNO has also launched Millennium Development Goals to be achieved by 2015.Which of the following is NOT one of those goals? [Punjab & Sindh Bank 2011]
A.	Improve mental health
B.	Combat HIV/AIDS, Malaria
C.	Reduce marriageable age for males to 18 yr
D.	Promote gender equality and empower women
Answer» C. Reduce marriageable age for males to 18 yr

125.	Which of the following is the amount of Insurance cover provided to the workers of the unorganized sector under Rashtriya Swasthya Bima Yojana ? [Corporation Bank PO 2011]
A.	Rs. 10,0007
B.	Rs. 20,0007
C.	Rs. 30,0007
D.	Rs. 40,0007
Answer» C. Rs. 30,0007

790+ Indian Economy Solved MCQs

Consider the following statements: [NDA 2008] 1. Hariyali is a watershed development project sponsored by the Central Government. 2. Hariyali also aims at enabling the urban population to conserve rain water.

The Food For Work programme was renamed as:

Pradhan Mantri Gramodaya Yojana aims at:

Which one of the following statements is not correct? [IAS 2004]

DWCRA stands for:

Which one of the following is a revamp of the Integrated Rural Development Programme?

What is the main objective of Antyodaya programme?

Swarn Jayanti Gram Swa-Rozgar Yojna came into being in : [UPPCS 2002]

The Minimum Needs Programme aims to:

The Rural Landless Employment Guarantee Programme (RLEGP) is an extension of:

With reference to the Government of India's various programmes, what is Nirmal Gram Puraskar? [IAS 2006]

The strategic aim of IRDP is :

Operation Blackboard aims at

In India, present trend of rapid urbanisation is due to:

What is the minimum calorie intake decided by the Planning Commission for rural and urban areas, respectively ?

Which of these programs has not been included in the Swarna Jayanti Swarozgar Yojana?

For which one of the following purposes, the Government has launched the Rajiv Awas Yojana? [Punjab & Sindh Bank 2011]

Which of the following is NOT an economic empowerment scheme launched by the Govt. of India for the benefit of various sections of society? [Punjab & Sindh Bank 2011]

Which of the following is the amount of Insurance cover provided to the workers of the unorganized sector under Rashtriya Swasthya Bima Yojana ? [Corporation Bank PO 2011]

The Govt. of India does not provide any direct financial assistance to which of the following schemes? [SBI Associates Clerk 2011]

Who amongst the following can take benefit of the Social Security Fund established by the Govt. of India for unorganized workers? [SBI Associates Clerk 2011]

As per latest data in urban areas women employment is highest in which of the following industries areas? [UBI PO 2010]

When the productive capacity of the economic system of a State is inadequate to create sufficient number of jobs, it is called [CDS 2012]

Under Indira Gandhi National Old Age Pension Scheme (lGNOAPS), the benefits are available to the people having minimum age of ____ [Bank of India PO 2010]

Poverty in less developed countries is largely due to [CPO SI 2010]

Which of the following are definite implications of a fall in inflation? 1. Prices have fallen 2. Prices are increasing more slowly than before 3. Food supply has increased 4. There is industrial stagnation

Among the causes of inflation can be listed: 1. slow growth in agricultural output 2. increasing non-development expenditure of Government 3. rapid population growth 4. rapid growth in costly imports

Among the remedies of inflation we cannot include:

A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as:

Inflationary Gap is a situation characterized by:

Which of the following is wrongly matched?

The cause of inflation is:

Who among the following is most benefitted from inflation? [IAS 1989]

Which of the following groups suffer the most from inflation? [CPO SI 2003]

Minimum inflation in post economic reform was in :

Inflation is caused as a result of:

Which of the following accounts for Cost-Push Inflation?

The inflation experienced in the country at present is:

Which of the following governmental steps has proved relatively effective in controlling the double digit rate of inflation in the Indian economy during recent years?

Of the various ways of financing government's investment expenditure, the least inflationary is : [PCS 1994]

'Devaluation' means: [RRB 1992]

Monetary policy is regulated by:

One-rupee currency notes bear the signature of:

Ten rupee notes bear the signature of:

Which of the following are definite implications of a fall in inflation?
1. Prices have fallen
2. Prices are increasing more slowly than before
3. Food supply has increased
4. There is industrial stagnation

Among the causes of inflation can be listed:
1. slow growth in agricultural output
2. increasing non-development expenditure of Government
3. rapid population growth
4. rapid growth in costly imports

126.	The Govt. of India does not provide any direct financial assistance to which of the following schemes? [SBI Associates Clerk 2011]
A.	Mahatma Gandhi National Rural Employment Guarantee scheme
B.	Rural Health Mission
C.	Indira Aawas Yojana
D.	Jeevan Sathi Yojana
Answer» D. Jeevan Sathi Yojana

127.	Who amongst the following can take benefit of the Social Security Fund established by the Govt. of India for unorganized workers? [SBI Associates Clerk 2011]
A.	Primary school teacher
B.	Employee of Sugar Factory
C.	Textile Mazdoor
D.	Rickshaw Puller
Answer» D. Rickshaw Puller

128.	As per latest data in urban areas women employment is highest in which of the following industries areas? [UBI PO 2010]
A.	Private households
B.	Textiles
C.	Apparel
D.	Retail Trade
Answer» D. Retail Trade

129.	When the productive capacity of the economic system of a State is inadequate to create sufficient number of jobs, it is called [CDS 2012]
A.	seasonal unemployment
B.	structural unemployment
C.	disguised unemployment
D.	cyclical unemployment
Answer» B. structural unemployment

130.	Under Indira Gandhi National Old Age Pension Scheme (lGNOAPS), the benefits are available to the people having minimum age of ____ [Bank of India PO 2010]
A.	50 years
B.	55 years
C.	65 years
D.	60 years
Answer» C. 65 years

131.	Poverty in less developed countries is largely due to [CPO SI 2010]
A.	voluntary idleness
B.	income inequality
C.	lack of cultural activities
D.	lack of intelligence of the people
Answer» B. income inequality

132.	Which of the following are definite implications of a fall in inflation? 1. Prices have fallen 2. Prices are increasing more slowly than before 3. Food supply has increased 4. There is industrial stagnation
A.	1 and 3
B.	1 only
C.	2 only
D.	1, 3 and 4
Answer» C. 2 only

133.	Among the causes of inflation can be listed: 1. slow growth in agricultural output 2. increasing non-development expenditure of Government 3. rapid population growth 4. rapid growth in costly imports
A.	1 and 2
B.	2 and 3
C.	1, 2, 3 and 4
D.	1 and 4 only
Answer» C. 1, 2, 3 and 4

134.	Among the remedies of inflation we cannot include:
A.	better capacity utilisation
B.	lowering bank rate
C.	reducing budgetary deficit
D.	an efficient public distribution system
Answer» B. lowering bank rate

135.	A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as:
A.	inflation
B.	hyper-inflation
C.	deflation
D.	disinflation
Answer» B. hyper-inflation