Economy - Multiple Choice Questions (MCQs) – Page 4

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Recent tax reforms in India have been undertaken on the recommendations of committee headed by:

  1. Raja Chelliah
  2. N.Narsimhan
  3. R.N. Malhotra
  4. Arjun Sen Gupta
Economy

Which of the following indicators is NOT used to calculate Human Development Index (HDI)?

  1. Life Expectancy
  2. Education
  3. Per Capita Income
  4. Social Inequality
Economy

Invisible export means export of

  1. Services
  2. Prohibited goods
  3. Unrecorded goods
  4. Goods through smuggling
Economy

Who amongst the following benefits most from inflation?

  1. Creditors
  2. Debtors
  3. Saving Bank Account Holders
  4. Government Pensioners
Economy

During 1991-952023-2024 the countries which brought largest direct foreign investment to India are:

  1. USA and Japan
  2. USA and Germany
  3. Japan and Israel
  4. Mauritius and Singapore
Economy

Who maintains the foreign exchange reserve in India?

  1. Reserve Bank of India
  2. State Bank of India
  3. Ministry of Finance, Government of India
  4. Export-Import Bank of India
Economy

Given below are two statements one is labelled as Assertion (A) and other as Reason (R) :

Assertion (A) : The government faces a tough time tackling the bottleneck inflation.
Reason (R) : The situation is due to deficiencies existing in the economy such as supply bottleneck and inefficient distribution.

Select the correct answer from the codes given below.
Codes :

  1. Both (A) and (R) are true and (R) is correct explanation of (A)
  2. Both (A) and (R) are true, but (R) is not correct explanation of (A)
  3. (A) is true, but (R) is false
  4. (A) is false, but (R) is true
Economy

During the mid 80s decade of twentieth century, the negative aspects of development were discussed at large. Which one among the following was NOT such important?

  1. Degradation of natural resources
  2. Environment pollution
  3. Politics and Development
  4. Displacement and Rehabilitation of masses
Economy

The rate of growth of employment in India has generally been of the order of:

  1. 2 per cent annum
  2. 3 percent per annum
  3. 5 per cent per annum
  4. 7 per cent per annum
Economy

Which of the following Committees recommended a poverty line based on nutritional requirements exclusively?

  1. Alagh Committee
  2. Lakdawala Committee
  3. Tendulkar Committee
  4. Rangarajan Committee
Economy

Which of the following Institution/office bring out the Wholesale Price (WPI) data in India?

  1. The Reserve Bank of India
  2. The Ministry of Commerce and Industry
  3. The Ministry of Finance
  4. The Ministry of Consumer Affairs, Food and Public Distribution
Economy

Assertion (A): The rate of inflation in India has come down in the last three years.
Reason (R): The country has received a large among of foreign capital during these years.

Select the correct answer from the codes given below:
Codes:

  1. Both A and R are true and R is the correct explanation of A
  2. Both A and R are true, but R is NOT the correct explanation of A
  3. A is true but R is false
  4. A is false but R is true
Economy

Provident Fund in India is

  1. Contractual savings
  2. Residual Savings
  3. Voluntary Savings
  4. Employers savings
Economy

The largest Commercial Bank of India is

  1. NABARD
  2. State Bank of India
  3. ICICI
  4. Union Bank of India
Economy

The cause of Low productivity in Indian agriculture is:

  1. More people than required are engaged in agricultural work
  2. Small size of holding
  3. Backward or old technology of production
  4. All of the above
Economy

The Hindu rate of growth refers to the growth rate of:

  1. Per Capita Income
  2. National Income
  3. Population
  4. Literacy
Economy

The position of India in worlds textile export is:

  1. First
  2. Second
  3. Third
  4. Fourth
Economy

How many times Financial Emergency has been declared in India so far?

  1. 5 times
  2. 4 times
  3. Once
  4. Never
Economy

"SENSEX" is the popular Index of Bombay Stock Exchange (BSE). It is measured on the basis of how many blue chip companies listed in BSE?

  1. 20
  2. 30
  3. 25
  4. 10
Economy

Which one of the following is the main source of the State revenue in U.P.:

  1. State Excise
  2. Stamps and Registration
  3. Land Revenue
  4. Trade Tax
Economy

Which among the following in India is the Nodal agency for estimation of poverty at the national and state level ?

  1. Finance Commission
  2. Rural Ministry
  3. Home Ministry
  4. Planning Commission
Economy

What is meant by a Bullock–Capitalist?

  1. Farmers who are poor
  2. Farmers who are rich
  3. Farmers who have some resources but are not rich
  4. Farmers who are big Zamindars
Economy

Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R).

Assertion (A): Development is being defined as improving living standards and welfare.
Reason (R): Growth in per capita income is not a sufficient measure of development.

Select the correct answer from the codes given below:

  1. Both (A) and (R) are true and (R) is the correct explanation of (A)
  2. (A) is false, but (R) is true
  3. Both (A) and (R) are true, but (R) is not the correct explanation of (A)
  4. (A) is true, but (R) is false
Economy

Which of the following causes have been mainly responsible for the slow growth of real per capita income in India?

1. Rapid rise in population
2. Rapid rise in prices
3. Slow pace of progress in agricultural and industrial fields
4. Non-availability of foreign exchange

Find correct answer from the given below:
Codes:

  1. 1 and 2 only
  2. 1 and 3 only
  3. 1 and 4 only
  4. All of the above
Economy