Indian Economy Study Material बिभाग ‘ठ’

Indian Economy Study Material बिभाग ‘ठ’ Shared By R. Agarwal

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Study Material: Indian Economy बिभाग ‘ठ’

  1. Which of the following operates at the district level?

(1) State Cooperative Bank

(2) Central Cooperative bank

(3) Primary Agricultural Credit Society

(4) The Reserve Bank of India

Ans:- (2) Central Cooperative bank

  1. The new name of Agricultural Prices Commission:

(1) Rural Prices Commission

(2) Agricultural Costs Commission

(3) Commission for Agricultural  Costs and Prices

(4) N one of these

Ans:- (3) Commission for Agricultural  Costs and Prices

  1. AGMARK is

(1) A cooperative for egg production

(2) Regulated agricultural market

(3) Farmers cooperative

(4) A quality guarantee stamp for commodities line as per egg, ghee, honey etc.

Ans:- (4) A quality guarantee stamp for commodities line as per egg, ghee, honey etc.

  1. The percentage of people below poverty line as per the most recent estimateis:

(1) 41%

(2) 28.7%

(3) 26%

(4) 42.6%

Ans:- (3) 26%

  1. Usual status (US) unemployment is calculated with reference to a period of:

(1) One year

(2) Indefinite

(3) One month

(4) One week

Ans:- (1) One year

  1. Chronic unemployment is measured using:

(1) US data

(2) CWS data

(3) None of the two

(4) Both a & b

Ans:-  (4) Both a  & b

  1. A country, which has successfully introduced financial discipline through a Fiscal Responsibility Act, is

(1) Thailand

(2) Mexico

(3) New Zealand

(4) Singapore

Ans:- (3) New Zealand

  1. The Controller of Insurance is at present

(1) Finance Secretary

(2) Deputy Governor RBI

(3) Chairman GIC

(4) Chairman IRDA

Ans:- (4) Chairman IRDA

  1. Dr. L.C. Gupta Committee was appointed to look into the working of:

(1) Stock exchanges

(2) Insurance companies

(3) Commercial banks

(4) Development finance institutions

Ans:- (1) Stock exchanges

  1. National Securities Depository Limited (NSDL) deals with:

(1) Bearer bonds

(2) GDRs

(3) Electronic shares

(4) Debentures

Ans:- (3) Electronic shares

  1. Among export items from India, manufactured goods account for ………….percent of total exports.

(1) 75

(2) 62

(3) 47

(4) 22

Ans:- (1) 75

  1. Which country accounts for the largest share of Indian exports:

(1) USA

(2) UK

(3) UAE

(4) Japan

Ans:- (1) USA

13.Excise duty is a tax levied on the

(1) import of goods

(2) export of goods

(3) production of goods

(4) sale of goods

Ans:- (3) production of goods

  1. Depreciation means

(1) closure of a plant due to lock out

(2) closure of a plant due to labour trouble

(3) loss of equipment over time due to wear and tear

(4) destruction of a plant in a fire accident

Ans:- (3) loss of equipment over time due to wear and tear

  1. Deficit financing leads to inflation in general, but it can be checked if

(1) government expenditure leads to increase in the aggregate supply in ratio of aggregate demand

(2) only aggregate demand is increased

(3) all the expenditure is denoted national debt payment only

(4) All of the above

Ans:- (4) All of the above

  1. On which one of the followings is the benefits received principle of taxation to achieve optimality bases?

(1) Marginal benefit received

(2) Total benefit received

(3) Average benefit received

(4) Ability to pay for the benefit

Ans:- (4) Ability to pay for the benefit

  1. At independence two thirds of manufacturing and employment came from the following two industries

(1) Textiles and Tea

(2) Tea and coffee

(3) Tea and Jute

(4) Textiles and Jute

Ans:- (4) Textiles and Jute

  1. At independence Foreigners controlled ………….. % of tea plantation

(1) 90

(2) 70

(3) 65

(4) 50

Ans:- (3) 65

  1. The need for industrial licences was laid down for the first time by:

(1) Defence of India Rules 1939

(2) Indian Independence Act 1947

(3) Industries Development & Regulation Act 1951

(4) Industrial Policy Resolution 1956

 Ans:- (3) Industries Development & Regulation Act 1951

  1. The concept of joint sector was recognized by:

(1) Industrial Policy Resolution 1956

(2) MRTP Act 1969

(3) Industrial Policy Statement 73

(4) Industrial Policy Statements 1977

Ans:- (3) Industrial Policy Statement 73