| 1. |
“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 | |
| 2. |
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 | |
| 3. |
Which is the primary objective of economic planning in India |
| A. | Reducing Inequalities of income |
| B. | Abolition of poverty |
| C. | Growth with social justice |
| D. | Removing unemployment |
| Answer» C. Growth with social justice | |
| 4. |
Which of the following is associated |
| A. | Tendulkar committee |
| B. | Lakdawala committee |
| C. | Saxena committee |
| D. | All the above |
| Answer» D. All the above | |
| 5. |
Which of the following state introduced |
| A. | Madhya Pradesh |
| B. | Maharashtra |
| C. | Tamil Nadu |
| D. | Karnataka |
| Answer» B. Maharashtra | |
| 6. |
Infant mortality |
| A. | Defined as the annual number of deaths of infant under 1 year old per 1,000 live births. |
| B. | Reflects the availability of primary education, the rights of employment and social security. |
| C. | life expectancy up to age 3. |
| D. | Reflects the availability of hospitals and childcare facilities, and the parents’ wealth. |
| Answer» A. Defined as the annual number of deaths of infant under 1 year old per 1,000 live births. | |
| 7. |
is below the income that secures the bare essentials of food, |
| A. | Income inequality. |
| B. | Absolute poverty. |
| C. | Sen’s poverty index. |
| D. | Purchasing-power poverty. |
| Answer» B. Absolute poverty. | |
| 8. |
The unemployment rate is the |
| A. | Employed plus unemployed divided by |
| B. | Total employment divided by population. |
| C. | Labor force divided by population. |
| D. | Uunemployed divided by employed |
| Answer» A. Employed plus unemployed divided by | |
| 9. |
In which type of unemployment do the marginal productivity of the workers is |
| A. | Disguised Unemployment |
| B. | Involuntary unemployment |
| C. | Seasonal unemployment |
| D. | Structural Unemployment |
| Answer» A. Disguised Unemployment | |
| 10. |
Which is the state with minimum sex ratio in India? |
| A. | Chandigarh |
| B. | Delhi |
| C. | Haryana |
| D. | Punjab |
| Answer» C. Haryana | |
| 11. |
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 | |
| 12. |
Which is the state with highest population of Scheduled Tribe in India? |
| A. | Gujarat |
| B. | Madhya Pradesh |
| C. | Maharashtra |
| D. | Orissa |
| Answer» A. Gujarat | |
| 13. |
Which country is the largest consumer of sugar in the world? |
| A. | USA |
| B. | CHINA |
| C. | JAPAN |
| D. | INDIA |
| Answer» A. USA | |
| 14. |
Which is the largest sugar-producing country in the world? |
| A. | INDIA |
| B. | CHINA |
| C. | BRAZIL |
| D. | None of the above |
| Answer» C. BRAZIL | |
| 15. |
When was cotton textile industry established in Mumbai? |
| A. | 1854 |
| B. | 1855 |
| C. | 1948 |
| D. | 1956 |
| Answer» A. 1854 | |
| 16. |
Which is the Indian state with the highest number of powerlooms? |
| A. | Gujarat |
| B. | Madhya Pradesh |
| C. | Maharashtra |
| D. | Tamil Nadu |
| Answer» C. Maharashtra | |
| 17. |
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 | |
| 18. |
Which one of the following agencies, markets steel for the public sector |
| A. | HAIL |
| B. | SAIL |
| C. | TATA Steel |
| D. | MNCC |
| Answer» B. SAIL | |
| 19. |
Where was oil discovered for the first time in India? |
| A. | Digboi |
| B. | Numaligarh |
| C. | Bongaigon |
| D. | Barauni |
| Answer» A. Digboi | |
| 20. |
In production sector, a micro enterprise |
| A. | 10 LAKH |
| B. | 15 LAKH |
| C. | 12 LAKH |
| D. | 25 LAKH |
| Answer» D. 25 LAKH | |
| 21. |
Which of the following does not form part of current account under balance |
| 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 | |
| 22. |
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 |
| D. | Nation’s sum of net exports of goods, |
| Answer» D. Nation’s sum of net exports of goods, | |
| 23. |
Balance in capital account refer to the |
| A. | National Development Council (NDC) |
| B. | Ministry of Finance |
| C. | Planning Commission (now |
| D. | President of India |
| Answer» A. National Development Council (NDC) | |
| 24. |
When was the first five-year plan of India started? |
| A. | 1949 |
| B. | 1950 |
| C. | 1952 |
| D. | 1951 |
| Answer» D. 1951 | |
| 25. |
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 | |
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