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

Indian Economy Study Material बिभाग ‘झ’ on mahasarkar.co.in. This is the page where we are deal with Indian Economy Study Material For Maharashtra Recruitment Exam. Every questions come from various source i.e. Population, Employment, Planning and Development, National Income, Poverty, Prices and Inflation, Agriculture, Industry, Public Finance, Money and Banking, Foreign Trade and Foreign Exchange, External Assistance, Liberalisation, Infrastructure. यह पेज ओह सब स्टूडेंट के लिए है, जो नौकरी की तलाश में हैं और भारती परिक्षा दिने के लिए इच्छुक हैं।

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Study Material: Indian Economy बिभाग ‘झ’

 

1. Three states which had HDI higher than China:

(1) Maharashtra, Madhya Pradesh and Kerala

(2) Haryana, Punjab and Maharashtra

(3) Kerala, Punjab and Maharashtra

(4) Gujarat, Maharashtra and Kerala

Ans:- (3) Kerala, Punjab and Maharashtra

2. National income is arrived at by adding to Net Domestic Product

(1) Depreciation

(2) Net inflow from abroad

(3) Indirect taxes

(4) Subsidies

Ans:- (2) Net inflow from abroad

3. The product method of calculating National Income is otherwise known as:

(1) Value added method

(2) Income method

(3) Expenditure method

(4) Net Output method

Ans:- (1) Value added method

4. In order to promote village industrialization, Government of India has decided to set up the Mahatma Gandhi Institute for Rural Industrialization in

(1) Hyderabad

(2) Wardha

(3) Kolkata

(4) Porbandar

Ans:- (2) Wardha

5. Relative poverty refers to a situation where:

(1) A person falls behind others

(2) A person is unable to obtain the necessaries for life

(3)  A person is below poverty line

(4) A person is poorer than another in the development world

Ans:- (1) A person falls behind others

6. Use of energy requirements (calorie) as a measure of poverty in India was made for the first time by:

(1) Amartya Sen

(2) Dandekar and Rath

(3) Planning and Rath

(4)  T.N. Srinivasan

Ans:- (2) Dandekar and Rath

7. The concept of ‘P index’ as a measure of income shortfall was proposed by:

(1) Jagdish  Bhagwati

(2) P.S. Loganathan

(3) B.S. Minhas

(4) Amartya Sen

Ans:- (4) Amartya Sen

8. The fastest increasing component of the Central Government expenditure is

(1) Defence

(2) Interest payment

(3) Subsidies

(4) Natural calamities

Ans:- (3) Subsidies

9. The absolute number of poor people which had remained stationary for three decades has now come down to:

(1) 200 million

(2) 260 million

(3) 180 million

(4) 245 million

Ans:- (2) 260 million

10. The UPA government decided to replace the strategic sale route for PSU disinvestment with

(1) Public offer route

(2) Bihar

(3)  Rajasthan

(4) Uttar Pradesh

Ans:- (2) Bihar

11. The state which has the lowest percentage of persons below the poverty line is:

(1) Kerala

(2) Maharashtra

(3) Punjab

(4) Gujarat

Ans:- (3) Punjab

12. After the launch of New Economic Policy:

(1) Both urban and rural poverty increased

(2) Rural poverty increased initially but declined in 1993-94

(3) Both rural & urban poverty decreased

(4) Rural poverty increased but urban poverty declined

Ans:- (2) Rural poverty increased initially but declined in 1993-94

13. The present base year for calculation whole sale price index is

(1) 1993-94

(2) 1991-92

(3) 1961-62

(4) 1950-51

Ans:- (1) 1993-94

14. The steep increase in price in 1980-81 was due to

(1) The inflationary budget of March 1979

(2) Failure of agriculture

(3) The Second oil shock

(4) All of these

Ans:- (4) All of these

15. Demand pull factors for inflation can

(1) Development expenditure

(2) Increase in agricultural output

(3) A balanced budget

(4) Increase in industrial output

Ans:- (1) Development expenditure

16. Inflation is described as a regressive from of taxation because,

(1) It affects exports and makes imports attractive

(2) It leads to devaluation of the currency

(3) It may cause recession

(4) It affects the poor and vulnerable sections more

Ans:- (4) It affects the poor and vulnerable sections more

17. Demand management to control inflation may lead to:

(1) Increase in government to control inflation may lead to:

(2) Increase in unemployment expenditure

(3) Expansion of credit

(4) Creation of excess liquidity

Ans:- (2) Increase in unemployment expenditure

18. Agriculture in India today provides livelihood to ………….. percentage of labour force directly:

(1) 40%

(2) 55%

(3) 61%

(4) 64%

Ans:- (4) 64%

19. Agriculture contributes …………… percentage of GDP in India today:

(1) 42%

(2) 28%

(3) 17%

(4) 57%

Ans:- (2) 28%

20. In USA the share of agriculture in GDP is:

(1) 3%

(2) 2%

(3) 1%

(4) 4%

Ans:- (1) 3%

21. Agriculture accounts for ………. Of total value of India’s exports

(1) 10%

(2) 15%

(3) 18%

(4) 25%

Ans:- (3) 18%

22. India’s percapita net availability of food grains per day is……..

(1) 454 gms

(2) 285 gms

(3) 621 gms

(4) 438 gms

Ans:- (4) 438 gms

23. Multi Fiber Agreement was to be phased out by

(1) 2004

(2) 2005

(3) 2007

(4) 2010

Ans:- (1) 2004

24. The impact of Green Revolution was felt most in the case of:

(1) Wheat

(2) Rice

(3) Pulses

(4) Oil seeds

Ans:- (1) Wheat

25. Consolidation of holdings as a land reforms measure failed to take off in:

(1) Punjab

(2) Haryana

(3) Tamil Nadu

(4) U.P

Ans:- (3) Tamil Nadu

26. Under co-operative joint farming:

(1) The society holds the lands & leases to individuals

(2) The land is irrevocably surrendered to the society

(3) Farmers pool their land but ownership continues with the individual farmers

(4) None

Ans:- (3) Farmers pool their land but ownership continues with the individual farmers

27. As an economy develops

(1) The share of agriculture in the national product declines

(2) The share of industry increases

(3) The number of persons employed in agriculture decline

(4) None of these

(3) Farmers pool their land but ownership continues with the individual farmers

Ans:- (1) The share of agriculture in the national product declines

28. Among the tax revenues of the union government, the most important source is:

(1) Income Tax

(2) Corporation Tax

(3) Union Excise Duties

(4) Customs Duty

Ans:- (3) Union Excise Duties

29. The last Ministerial Meet of WTO was held on Dec 13-18, 2005 in

(1) Canada

(2) Hong Kong

(3)  Japan

(4) Australia

Ans:- (2) Hong Kong

30. Direct taxation is a better form of taxation because:

(1) It fetches more revenue

(2) It can be more easily collected

(3) It allows for taxation according to means

(4) It has greater tax compliance

Ans:- (3) It allows for taxation according to means