McqMate
Chapters
701. |
Net National gains from trade is measurable function of: |
A. | volume of trade |
B. | relative prices in two countries |
C. | factor cost of commodities traded |
D. | volume of trade credited and change in prices caused by trade |
Answer» D. volume of trade credited and change in prices caused by trade |
702. |
Outward looking development policies are not associated with: |
A. | open system of communications |
B. | free movement of capital |
C. | multinational enterprises |
D. | learning by doing |
Answer» D. learning by doing |
703. |
Import quota is : |
A. | tariff |
B. | non-tariff trade barrier |
C. | concession |
D. | international obligation |
Answer» B. non-tariff trade barrier |
704. |
Balance of payments must always balance because: |
A. | trade deficit is cancelled by invisible credits |
B. | import always equals exports |
C. | of an accounting connection |
D. | what a country gets, it must either pay or save |
Answer» C. of an accounting connection |
705. |
Trade Policy measures for correction of balance of payments disequilibrium include of export promotion: |
A. | export promotion |
B. | import control |
C. | both a & b |
D. | import substitution |
Answer» C. both a & b |
706. |
In calculating India’s balance of payments position, we must: |
A. | omit invisible items |
B. | omit exports and imports of gold |
C. | include expenditure by foreign tourists as imports |
D. | include long term loans abroad as debit |
Answer» B. omit exports and imports of gold |
707. |
The convertibility of dollar was formally abandoned in: |
A. | 1971 |
B. | 1966 |
C. | 1973 |
D. | 1962 |
Answer» A. 1971 |
708. |
Each member of IMF is assigned a quota expressed in: |
A. | member country’s currency |
B. | dollar |
C. | special drawing rights |
D. | none of the above |
Answer» C. special drawing rights |
709. |
The international monetary system that existed from 1947 to 1971 is generally known as: |
A. | par value system |
B. | pegged exchange rate system |
C. | bothe a & b |
D. | fewer rupees in the spot market than in the home market |
Answer» A. par value system |
710. |
The fundamental cause for the collapse of the Bretton woods system was: |
A. | liquidity problem |
B. | the adjustment problem |
C. | the confidence problem |
D. | all of the above |
Answer» D. all of the above |
711. |
The direction of trade indicates: |
A. | the nature of goods that are exported and imported |
B. | the value of goods that are exported and imported |
C. | the countries to which commodities are exported and the countries from which commodities are imported |
D. | the terms at which exports exchanges for imports school of distance education indian economy |
Answer» C. the countries to which commodities are exported and the countries from which commodities are imported |
712. |
The important component of foreign trade: |
A. | terms of trade, balance of trade and balance of payment |
B. | the volume of trade, the composition of trade and direction of trade |
C. | terms of trade and volume of trade |
D. | terms of trade and direction of trade |
Answer» B. the volume of trade, the composition of trade and direction of trade |
713. |
The balance of payment in unfavorable: |
A. | when value of export is greater than import |
B. | when value of import is greater than export |
C. | when value of imports and exports are equal |
D. | only when there is much greater difference between exports and imports |
Answer» B. when value of import is greater than export |
714. |
In which of the plan period, the Balance of payment position had surplus: |
A. | first plan |
B. | second plan |
C. | third plan |
D. | fifth plan |
Answer» D. fifth plan |
715. |
The Mudaliar Committee was related to: |
A. | export-import policy |
B. | exim bank |
C. | small scale industries |
D. | banking sector |
Answer» A. export-import policy |
716. |
EXIM Bank was set up in: |
A. | 1980 |
B. | 1982 |
C. | 1991 |
D. | 2000 |
Answer» B. 1982 |
717. |
The balance of payment on current account shows: |
A. | the record of the current position of the country in transfer of both visible and invisible items |
B. | the record of the financial position of the country |
C. | the extent of the financial position of the country |
D. | the record of the current position of visible items. |
Answer» A. the record of the current position of the country in transfer of both visible and invisible items |
718. |
“Capitalism” refers to? |
A. | The use of market |
B. | Government ownership of capital |
C. | Private ownership of capital goods |
D. | Private ownership of homes & cars |
Answer» C. Private ownership of capital goods |
719. |
What is the main cause of exports surplus? |
A. | Country’s stringent import policy |
B. | Developments in national and international markets |
C. | Country’s exports promotion value |
D. | above all |
Answer» D. above all |
720. |
Which is the primary objective of economic planning in India |
A. | Reducing Inequalities of |
B. | Abolition of poverty |
C. | Growth with social justice |
D. | Removing unemployment |
Answer» C. Growth with social justice |
721. |
Which of the following is associated with poverty estimation ? |
A. | Tendulkar committee |
B. | Lakdawala committee |
C. | Saxena committee |
D. | All the above |
Answer» D. All the above |
722. |
Which of the following state introduced Employment Guarantee Scheme first? |
A. | Madhya Pradesh |
B. | Maharashtra |
C. | Tamil Nadu |
D. | Karnataka |
Answer» B. Maharashtra |
723. |
Infant mortality |
A. | Defined as the annual number of deaths of infant under 1 year |
B. | Reflects the availability of primary education, the rights of |
C. | life expectancy up to age 3. |
D. | Reflects the availability of hospitals and |
Answer» A. Defined as the annual number of deaths of infant under 1 year |
724. |
is below the income that secures the bare essentials of food, clothing, |
A. | Income inequality. |
B. | Absolute poverty. |
C. | Sen’s poverty index. |
D. | Purchasing-power poverty. |
Answer» B. Absolute poverty. |
725. |
The unemployment rate is the |
A. | Employed plus unemployed divided by labor force. |
B. | Total employment divided by population. |
C. | Labor force divided by population. |
D. | Uunemployed divided by employed |
Answer» A. Employed plus unemployed divided by labor force. |
726. |
In which type of unemployment do the marginal productivity of the workers is zero? |
A. | Disguised Unemployment |
B. | Involuntary unemployment |
C. | Seasonal unemployment |
D. | Structural Unemployment |
Answer» A. Disguised Unemployment |
727. |
Which is the state with minimum sex ratio in India? |
A. | Chandigarh |
B. | Delhi |
C. | Haryana |
D. | Punjab |
Answer» C. Haryana |
728. |
Which is the state with highest number of Scheduled Castes in India? |
A. | Andhra Pradesh |
B. | Bihar |
C. | Tamil Nadu |
D. | Uttar Pradesh |
Answer» D. Uttar Pradesh |
729. |
Which country is the largest consumer of sugar in the world? |
A. | USA |
B. | CHINA |
C. | JAPAN |
D. | INDIA |
Answer» A. USA |
730. |
Which is the largest sugar-producing country in the world? |
A. | INDIA |
B. | CHINA |
C. | BRAZIL |
D. | None of the above |
Answer» C. BRAZIL |
731. |
When was cotton textile industry established in Mumbai? |
A. | 1854 |
B. | 1855 |
C. | 1948 |
D. | 1956 |
Answer» A. 1854 |
732. |
Which is the Indian state with the highest number of powerlooms? |
A. | Gujarat |
B. | Madhya Pradesh |
C. | Maharashtra |
D. | Tamil Nadu |
Answer» C. Maharashtra |
733. |
Which of the following industries is not a heavy industriy. |
A. | Cotton textile |
B. | Cement |
C. | Iron and Steel |
D. | Ship building |
Answer» A. Cotton textile |
734. |
Which one of the following agencies, markets steel for the public sector plants? |
A. | HAIL |
B. | SAIL |
C. | TATA Steel |
D. | MNCC |
Answer» B. SAIL |
735. |
Where was oil discovered for the first time in India? |
A. | Digboi |
B. | Numaligarh |
C. | Bongaigon |
D. | Barauni |
Answer» A. Digboi |
736. |
In production sector, a micro enterprise is an enterprise where investment in plant and |
A. | 10 LAKH |
B. | 15 LAKH |
C. | 12 LAKH |
D. | 25 LAKH |
Answer» D. 25 LAKH |
737. |
Which of the following does not form part of current account under balance of payments? |
A. | Export and import of goods |
B. | Export and import of services |
C. | Income receipts and payments |
D. | Capital receipts and payments |
Answer» D. Capital receipts and payments |
738. |
Balance in capital account refer to the |
A. | Nation’s net exports of goods and services |
B. | Nation’s net exports of financial claims |
C. | Nation’s net exports of international official reserve assets |
D. | Nation’s sum of net exports of goods, services and financial |
Answer» D. Nation’s sum of net exports of goods, services and financial |
739. |
Balance in capital account refer to the |
A. | National Development Council (NDC) |
B. | Ministry of Finance |
C. | Planning Commission (now NITI Aayog) |
D. | President of India |
Answer» A. National Development Council (NDC) |
740. |
When was the first five-year plan of India started? |
A. | 1949 |
B. | 1950 |
C. | 1952 |
D. | 1951 |
Answer» D. 1951 |
741. |
What as the prime target of the first five-year plan of India? |
A. | Development of the industries |
B. | Development of Agriculture |
C. | Development of infrastructure |
D. | Development of ports |
Answer» B. Development of Agriculture |
742. |
Which programme given the slogan of Garibi Hatao? |
A. | 7th five-year plan |
B. | 3rd five year plan |
C. | 6th five year plan |
D. | 5th five-year plan |
Answer» D. 5th five-year plan |
743. |
In which five-year plan India opted for a mixed economy? |
A. | First |
B. | Second |
C. | Third |
D. | Fourth |
Answer» D. Fourth |
744. |
When was the plan holiday declared? |
A. | After the third plan |
B. | After the fourth plan |
C. | After the fifth plan |
D. | After the sixth plan |
Answer» A. After the third plan |
745. |
National Development Council is consists of: |
A. | Members of the Planning Commission |
B. | Governors of the states |
C. | Chief Ministers of the states |
D. | A & C |
Answer» D. A & C |
746. |
Three annual plan were launched between: |
A. | 1969 to 1972 |
B. | 1966 to 1969 |
C. | 1986 to 1989 |
D. | 1988 to 1991 |
Answer» B. 1966 to 1969 |
747. |
The best indicator of economic growth of any country is: |
A. | Agriculture |
B. | Transport |
C. | Gross Domestic Product |
D. | Population |
Answer» C. Gross Domestic Product |
748. |
In agricultural sector net value added is estimated by |
A. | Income method |
B. | Expenditure method |
C. | Production method |
D. | All the three |
Answer» C. Production method |
749. |
National income is |
A. | NDP at factor cost |
B. | NNP at factor cost |
C. | GNP at market prices |
D. | NNP at market prices |
Answer» B. NNP at factor cost |
750. |
To get the Net National Product, what is deducted from the Gross National Product: |
A. | Direct Taxes |
B. | Imports |
C. | Interim payments |
D. | Depreciation |
Answer» D. Depreciation |
751. |
Economic Development means economic growth with: |
A. | Price Stability |
B. | Social Change |
C. | Inflation |
D. | Deflation |
Answer» B. Social Change |
752. |
The Planning Commission was formed on - |
A. | 26th January 1950 |
B. | 15th August 1947 |
C. | 15th March 1950 |
D. | none |
Answer» C. 15th March 1950 |
753. |
The Planning Commission was dissolved on |
A. | 15th August 2017 |
B. | 17th August 2014 |
C. | 26th January 2015 |
D. | none |
Answer» B. 17th August 2014 |
754. |
NITI Aayog, was formed via a resolution of the Union Cabinet on |
A. | 15th August 2017 |
B. | 17th August 2014 |
C. | 1st January 2015 |
D. | none |
Answer» C. 1st January 2015 |
755. |
NITI Aayog is the premier ‘Policy Think Tank’ of the Government of India, providing |
A. | directional and policy inputs |
B. | Regulatory policy planning |
C. | Monetary instructions |
D. | none |
Answer» A. directional and policy inputs |
756. |
The major objectives of NITI Aayog are to - |
A. | provides technical advice to the Centre and States |
B. | design strategic and long-term policies/ programmes for Govt. |
C. | Both of these |
D. | none |
Answer» C. Both of these |
757. |
As per Union Budget documents, Nominal GDP of India in the year 2019-20 was |
A. | 2.96 Trillion USD |
B. | 3.27 Trillion USD |
C. | 4.56 Trillion USD |
D. | none |
Answer» A. 2.96 Trillion USD |
758. |
NITI Aayog has framed its initiatives for |
A. | “25-year Road map”, “5- year vision, strategy and 1-year action plans” |
B. | “15-year Road map”, “7- year vision, strategy and 3 years action plans” |
C. | "5-year Road map”, “2- year vision, strategy and 1-year action plans” |
D. | none |
Answer» B. “15-year Road map”, “7- year vision, strategy and 3 years action plans” |
759. |
As per Ministry of Statistics & Program Implementation, what is the contribution of Primary sector to the GDP of India in the year 2018-19- |
A. | 50.1 % |
B. | 15.87% |
C. | 29.73% |
D. | none |
Answer» B. 15.87% |
760. |
As per Ministry of Statistics & Program Implementation, what is the contribution of Tertiary/ Services sector to the GDP of India in the year 2018-19- |
A. | 54.40 % |
B. | 15.87% |
C. | 29.73% |
D. | none |
Answer» A. 54.40 % |
761. |
As per Ministry of Statistics & Program Implementation, what is the contribution of secondary sector to the GDP of India in the year 2018-19- |
A. | 54.40 % |
B. | 15.87% |
C. | 29.73% |
D. | none |
Answer» C. 29.73% |
762. |
When did India become the member of World Trade Organization |
A. | On 1 January , 1995 |
B. | On 15 July, 2009 |
C. | On 1 April 2011 |
D. | none |
Answer» A. On 1 January , 1995 |
763. |
According to 'Ease of doing business index' what is India's ranking |
A. | 63 |
B. | 68 |
C. | 85 |
D. | none |
Answer» A. 63 |
764. |
According to nominal Net State domestic product per capita ----- is the richest state in India. |
A. | Haryana |
B. | Delhi |
C. | Goa |
D. | none |
Answer» C. Goa |
765. |
According to nominal Net State domestic product per capita ----- is the poorest state in India. |
A. | Haryana |
B. | Bihar |
C. | Orrisa |
D. | none |
Answer» B. Bihar |
766. |
What is India's ranking on Human Development Index released by UNDP in the year 2019- |
A. | 187 |
B. | 154 |
C. | 129 |
D. | none |
Answer» C. 129 |
767. |
Human Development Index assesses the parameter |
A. | Life Expectancy Index |
B. | Education Index |
C. | GNI Index |
D. | All the three |
Answer» D. All the three |
768. |
The gender inequality index in India measures |
A. | public-private partnership |
B. | discrimination between males & females |
C. | discrimination between educated & uneducated |
D. | none |
Answer» B. discrimination between males & females |
769. |
In gender inequality index India ranks at 122 out of 162 countries |
A. | 157 |
B. | 104 |
C. | 122 |
D. | none |
Answer» C. 122 |
770. |
The Regional Councils of NITI Aayog include |
A. | Chief Minister of particular state |
B. | Central Ministers & Secretaries of the sector |
C. | domain experts of the sector |
D. | All the three |
Answer» D. All the three |
771. |
"Antyodaya" scheme of NITI Aayog prioritizes |
A. | Elimination of poverty |
B. | spread of education |
C. | the service & upliftment of poor, marginalized & downtrodden |
D. | none |
Answer» C. the service & upliftment of poor, marginalized & downtrodden |
772. |
"Sustainability" as an indicator of economic growth means |
A. | elimination of poverty |
B. | more productivity |
C. | responsible use of resources |
D. | none |
Answer» C. responsible use of resources |
773. |
First Five Year Plan was based on … |
A. | Harrod-Domar Model |
B. | Mahalanobis Model |
C. | Sukhmoy Chakraborty |
D. | none |
Answer» A. Harrod-Domar Model |
774. |
Which one of the following programs has been implemented to establish girls’ schools in the districts having low female literacy rate? |
A. | Kasturba Gandhi Education Scheme (KGES)l |
B. | Indira Gandhi Education Scheme (IGES) |
C. | Mother Teresa Education Scheme (MTES) |
D. | none |
Answer» A. Kasturba Gandhi Education Scheme (KGES)l |
775. |
In terms of total trade (export + import), which among the following is the largest trading partner of India? |
A. | U.S. |
B. | China |
C. | U.K. |
D. | none |
Answer» B. China |
776. |
A Closed economy means: |
A. | Money supply is controlled |
B. | Digital financing take place |
C. | Neither exports nor imports |
D. | none |
Answer» C. Neither exports nor imports |
777. |
What is Literacy rate |
A. | Number of illiterate persons to total populations |
B. | Number of graduate peoples to total population |
C. | Number of literate persons to total population |
D. | none |
Answer» C. Number of literate persons to total population |
778. |
Measuring number of people who die is |
A. | Infant note |
B. | Migration Note |
C. | Morality rate |
D. | none |
Answer» C. Morality rate |
779. |
The vicious circle theory states that |
A. | growing government assistance create addiction to welfare programs. |
B. | low income levels create pressure for money creation. |
C. | low income levels create pressure for cheap imports. |
D. | low per capita income creates low savings that keep incomes low |
Answer» D. low per capita income creates low savings that keep incomes low |
780. |
The rate of growth of an economy mainly depends upon: |
A. | The rate of growth of the labour force |
B. | The proportion of national income saved and invested |
C. | The rate of technological improvements |
D. | All of the above |
Answer» D. All of the above |
781. |
With economic growth, the proportion of labour-force engaged in agriculture: |
A. | Increases |
B. | Decreases |
C. | Remains unaffected |
D. | Changes in an uncertain manner |
Answer» B. Decreases |
782. |
The Gini coefficient is a technique frequently used to show: |
A. | variations in life expectancy |
B. | income inequality |
C. | differences in infant mortality |
D. | the education gap |
Answer» B. income inequality |
783. |
Disguised unemployment means: |
A. | Unemployment in agriculture |
B. | Unemployment due to recession |
C. | Unemployment due to downturn in business activity |
D. | Marginal Productivity of Labour (MPL) is zero. |
Answer» D. Marginal Productivity of Labour (MPL) is zero. |
784. |
During the recessionary phase of a business cycle: |
A. | The natural rate of unemployment will increase dramatically |
B. | Potential national income will exceed actual national income |
C. | Actual national income will exceed potential national income |
D. | The real rate of interest will exceed the nominal rate of interest. |
Answer» A. The natural rate of unemployment will increase dramatically |
785. |
India is passing through the phase of population: |
A. | Explosion |
B. | Control |
C. | Stability |
D. | None of the above |
Answer» A. Explosion |
786. |
If an economy is underdeveloped, it means: |
A. | Agriculture is the main occupation |
B. | Standard of living of people is low |
C. | Production Techniques are backward and obsolete |
D. | All of the above |
Answer» D. All of the above |
787. |
When and by whom was HDI introduced? |
A. | In 1990 by UNDP |
B. | In 1989 by World Bank |
C. | In 1990 by UNO |
D. | In 1989 by IMF |
Answer» A. In 1990 by UNDP |
788. |
Indicator of HDI is: |
A. | Longevity |
B. | Educational Attainment |
C. | Standard of Living |
D. | All of the above |
Answer» D. All of the above |
789. |
Which plan gave emphasis on removal of poverty for the first time? |
A. | Fourth |
B. | Fifth |
C. | Sixth |
D. | Seventh |
Answer» B. Fifth |
790. |
Which are the economic consequences of problem of poverty? |
A. | increasing Unemployment |
B. | Capital Deficiency |
C. | Inadequate economic development |
D. | All of the above |
Answer» D. All of the above |
791. |
What is the full form of IRDP? |
A. | Integrated Rural Development Programme |
B. | Intelligent Rural Development Programme |
C. | Induced Rural Development Programme |
D. | None of the above. |
Answer» A. Integrated Rural Development Programme |
792. |
What are the salient demographic features of India’s population? |
A. | Growth rate of population |
B. | Uneven distribution of population |
C. | Age composition |
D. | All of the above |
Answer» D. All of the above |
793. |
Having insufficient income to provide a minimum standard of living is |
A. | Absolute poverty |
B. | Relative poverty |
C. | None |
D. | none |
Answer» A. Absolute poverty |
794. |
In which among the following year was ‘liberalized industrial policy’ in India was announced for the first time? |
A. | 1992 |
B. | 1995 |
C. | 1991 |
D. | none |
Answer» C. 1991 |
795. |
"Zero Defect Zero Effect" slogan is related to which of the following scheme? |
A. | Digital India |
B. | Make in India |
C. | Startup India |
D. | Clean India mission |
Answer» B. Make in India |
796. |
After agriculture, --------------provides highest employment to the local & neighborhood residents. |
A. | Cottage Industry |
B. | Rural Industry |
C. | Small scale sector |
D. | none |
Answer» C. Small scale sector |
797. |
Parallel economy emerges due to |
A. | Tax avoidance |
B. | tax evasion |
C. | tax abiding |
D. | none |
Answer» B. tax evasion |
798. |
What was the main theme of the 12th five-year plan of India |
A. | Faster and more inclusive growth |
B. | Faster, more inclusive and sustainable growth |
C. | Growth with justice and equity |
D. | Sustainable Development. |
Answer» B. Faster, more inclusive and sustainable growth |
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