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Indian Economy Model Test 12 in English

Indian Economy Model Test Questions 12 in English With Answer

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Question 1
Human Resource Development is related with
A
Agricultural and Allied sectors
B
Trade and Commerce
C
Education and Training
D
Banking and Finance
Question 2
Which of the following is not found in under developed countries?
A
Underutilisation of natural resources
B
Population pressure
C
Low level of capital formation
D
Non depending on foreign trade
Question 3
Match List I with List II
  • List I                                                                     List II
  1. The National Population Policy                             1. 1938
  2. The New Industrial Policy                                     2. July 2000
  3. New Agricultural Policy                                          3. February 2000
  4. National Planning Committee                                      4. 1991
A
3 4 2 1
B
2 4 3 1
C
4 2 3 1
D
3 4 1 2
Question 4
Which of the following statements is/are correct?
  1. The directive principles of state policy direct the government to
  2. Secure all its citizens an adequate means of livelihood.
  3. Make all material resources beneficial to the common good.
  4. Prevent concentration of wealth
  5. To defend our country even at the cost of our life.
Of these:
A
I, II, III are correct
B
II, III, IV are correct
C
I, II are correct
D
II, IV are correct
Question 5
A person one who gives final utility to a commodity is:
A
Producer
B
Consumer
C
Shopkeeper
D
Farmer
Question 6
Choose the one which does NOT come under the primary sector.
A
Fishing
B
Agriculture
C
Manufacturing
D
Forestry
Question 7
Match the following:
  1. Disinvestment process                   1. Traditional industries
  2. Cottage industries                             2. Privatisation
  3. Main aim of second five year plan     3. Agro based industry
  4. Sugar industry                                     4. Industralisation
A
4 3 2 1
B
2 1 3 4
C
1 2 3 4
D
2 1 4 3
Question 8
Match the following:
  • Finance Commission                                 Chairman
  1. I Finance Commission                       1. KC Pant
  2. V Finance Commission                     2. C. Rangarajan
  3. X Finance Commission                      3. K. C. Niyogi
  4. XII Finance Commission                       4. Mahaveer Tyagi
A
3 4 1 2
B
4 3 2 1
C
3 1 4 2
D
2 4 3 1
Question 9
The planning commission estimated the poverty line by taking per capita monthly expenditure for rural and urban area is Rs. _______ and Rs. ______ respectively.
A
49.1 and 56.6
B
56.4 and 39.1
C
41.7 and 39.6
D
25.6 and 20.4
Question 10
Which of the following economists offered the guidance in publishing Human Development Report by UNDP in 1990?
A
Dr. Amarthya Sen
B
Schultz
C
Harbison
D
Muhabub-ul-Haq
Question 11
Green Revolution increased the production of
A
Rice and Wheat
B
Ragi and Rice
C
Rice and Sugarcane
D
Wheat and Sugarcane
Question 12
Fiat money is:
A
One rupee notes issued by the Government of India
B
Notes issued by the RBI
C
Notes issued by the commercial banks
D
All of these
Question 13
The State of highest Per capita Income in India 2013 is:
A
Punjab
B
Maharashtra
C
Kerala
D
Andhra Pradesh
Question 14
Match List I with List II
  1. Hazari Report                                 1. Unfair trade practices
  2. MRTP act                                        2. Industrial licensing
  3. Socialistic pattern of society           3. Tax an non-tax revenues
  4. Fiscal policy                                    4. Public  sector
A
2 1 4 3
B
1 2 3 4
C
2 3 4 1
D
4 3 2 1
Question 15
Under National Food Security Act 2013, Act poorest of the poor will get
A
35kgs of food per household per month
B
35 kgs of food grains per person per month
C
3.5 kgs of food grains per person per day
D
35kgs of food grains per person per year
Question 16
Personal Income Tax is levied on individual by the
A
State Government
B
Central Government
C
Both (A) and (B)
D
Local bodies
Question 17
According to World Development Report per capita consumption of energy in India
A
12% of Japan
B
4% of USA
C
2% of China
D
1% of Russia
Question 18
Match List I with List II
  1. P. K. Bardhan                                          1. Poverty gap
  2. Dandekar & Rath consumption                  2. Per capita annual expenditure of rural poor
  3. B.S. Minhas                                                   3.  Agricultural labour price index
  4. Garner Dutt & Martin Ravillion                       4. 2,250 calories as minimum level of desired nutrition
A
4 3 2 1
B
3 4 2 1
C
3 4 1 2
D
4 3 1 2
Question 19
Which one of the following is the largest service industry in the world?
A
Food processing
B
Bank
C
Insurance
D
Tourism
Question 20
Which one of the following programme is related to employment generation?
A
Sarva Swasthya Abhiyan
B
Sarva Shiksha Abhiyan
C
Swarna Jayanti Gram Swarozgar Yojana
D
Indira Awaas Yojana
Question 21
Match List I with List II
  • Committee                                                Purpose
  1. Dutt Committee                            1. Industrial Licensing
  2. Wanchoo Committee                   2. Direct Taxes
  3. Rajamannar Committee              3. Centre- States
  4. Rangarajan Committee               4. Disinvestment
A
4 3 2 1
B
1 2 4 3
C
1 2 3 4
D
4 1 3 2
Question 22
The percentage of economically active age group  (15-59) of population in Tamil Nadu as per 2011 census is
A
56
B
66
C
76
D
86
Question 23
Percapita Income rises when
A
GNP and population increase at the same time
B
GNP and population decrease
C
GNP increases faster than population
D
GNP increases slower than population
Question 24
Which Union Territory has the highest literacy rate in India?
A
Andaman _Nicobar Islands
B
Pondicherry
C
Delhi
D
Lakshadweep
Question 25
During which Five Year Plan was the primary responsibility of India’s development shifted to the public sector?
A
I Five Year Plan
B
II Five Year Plan
C
III Five Year Plan
D
IV Five Year plan
Question 26
Which state attached the largest value of investment from Foreign Direct Investment Proposals filed in 2011-12?
A
Tamil Nadu
B
Kerala
C
Odisha
D
Punjab
Question 27
Kutir Jothi scheme is realated to
A
Farmers
B
Industrial workers
C
Single point Electricity connection to households
D
Electricity connection to industrial units
Question 28
Which among the following programme aims at ensuring a bank account in every family?
A
Pradhan Mantru Jan Dhan Yojana
B
Saansad Adarsh Grama Yojana
C
Swachh Bharat Mission Abhiyan Yojana
D
Integrated Child Protection Scheme
Question 29
Agricultural unemployment may be classified into:
  1. Seasonal unemployment
  2. Disguised unemployment
  3. Chronic unemployment
Which is the correct answer?
A
I and II only
B
II and III only
C
I and III only
D
I, II and III
Question 30
Fill up the blanks: National population policy adopted in 2000 with a view to encourage _________ and aim at stabilizing the population by ________
A
Two child norm, 2020
B
One child norm, 2030
C
Two children norm, 2046
D
One child norm, 2050
Question 31
Match the following
  1. Tax revenue                          1. Provident funds
  2. Capital receipts                     2. Taxes on income and expenditure
  3. Non-plan expenditure            3. Sales tax
  4. Value added tax                    4. Interest payments
A
4 3 2 1
B
1 3 4 2
C
2 1 4 3
D
2 3 4 1
Question 32
The national Statistical Commission of India was headed by
A
Monteck Singh Ahluwaliya
B
C. Rengarajan
C
Rahuram Rajan
D
V.K. R.V Rao
Question 33
The structure of Indian Financial System does not include
A
Industrial finance
B
Agricultural finance
C
Development finance
D
Deficit finance
Question 34
The MGNREGS differs from other poverty alleviation measures in the following respects.
  1. It focuses on income generation to the targeted poor.
  2. It is built around the notions of citizenship and entitlement.
  3. It facilities disclosure by means of regular and social audit.
  4. It operates  as per the directions  of the State/ Central Governments.
A
I and II
B
II and III
C
I and IV
D
II and IV
Question 35
Justice D.P. Wadhwa committee was appointed by the Supreme Court to examine
A
Insurance schemes
B
The level of black money in the country
C
The functioning of rural development programmes
D
The Public Distribution System
Question 36
The Nutrient Based Subsidy(NBS) policy for fertilizers was implemented in India in
A
1966
B
1966
C
1991
D
2010
Question 37
Which of the following  is/are incorrectly  matched? Select your answer using the codes given below.
  1. Credit creation                    - Reserve Bank of India
  2. Commercial Bank                  - Accepting deposits
  3.  Reserve Bank of India           - Control of credit
  4. Quantitative Control                       - Scheduled Banks
A
I only
B
I and II
C
II and IV
D
I and IV-
Question 38
The phase of rapid growth of population in India falls
A
between 1891 – 1921
B
between 1921-1951
C
between 1951 – 1981
D
between 1981-2001
Question 39
What is India’s rank in the global production of milk in 2010-2011?
A
First
B
Second
C
Third
D
Fourth
Question 40
Industry which is reserved for public sector in New Economic Policy
A
Atomic Energy
B
Cotton Industry
C
Sugar Industry
D
Tea Industry
Question 41
Arrange the following sectors in India descending order according to the commercial energy consumption.
  1. Household sector
  2. Agriculture
  3. Industries
  4. Transport
A
4, 3, 1, 2
B
3, 4, 1, 2
C
3, 4, 2, 1
D
4, 1, 3, 2
Question 42
“Indradhanush” introduced by the Central Government in August 2015 aims at:
A
Establishing a separate ombudsman for private sector banks
B
Reviving or revamping public sector banks
C
Reviving non-banking financial institutions
D
Introducing new banks in rural India
Question 43
The main aim of Sarva Shiksha Abhiyan (SSA) is
A
Universalization of elementary education
B
Increase teacher – Student ratio
C
Increasing number of schools
D
Provide nutritious meal to students
Question 44
For the calculation of National Income in India, ‘Electricity, Gas and Water supply’ is included under which sector
A
Agriculture
B
Industry
C
Service
D
None of these
Question 45
In which state of India is the literacy gap between the male and female population low. (Census 2011)?
A
TamilNadu
B
Kerala
C
Uttarakhand
D
Bihar
Question 46
The term fragmentation refers to
A
Scattered land holding
B
Further division of land into small units
C
Land which is not used for cultivation
D
Land which is used for cultivation
Question 47
Which of the following is not a method of estimating National Income?
A
Expenditure method
B
Output Method
C
Matrix Method
D
Income method
Question 48
NITI AAYOG was established in the year
A
January 1, 2014
B
December 25, 2014
C
January 1, 2015
D
May 30, 2014
Question 49
Seasonal unemployment is a characteristic of
A
Industry
B
Agriculture
C
Service
D
Transport
Question 50
In 1868, the National Income estimate Committee of India was headed by
A
V.K. R.V. Rao
B
Shah & Khambatt
C
Dadabhoy Naoroji
D
W.C. Peterson
Question 51
Bharat Nirman was started to unlock the development potential of
A
Indian Bond Market
B
Public Sector undertakings
C
Urban India
D
Rural India
Question 52
When did the unique identification authority of India generate the first Adhar card?
A
29th Aug. 2009
B
26th Sep. 2011
C
29th Sep. 2010
D
25th Oct. 2010
Question 53
Match the following and choose the correct one:
  1. Integrated Child Development Services          1. 2002
  2. National Rural Health Mission                        2. 1975
  3. National Health Policy                                 3. 1986
  4. National Policy on education                          4. 2005
A
3 1 4 2
B
2 4 1 3
C
3 2 4 1
D
1 3 2 4
Question 54
Match the following and select the correct answer:
  1. Nirmal Bharat Abiyan                                            1. Rural Roads
  2. Pradhan Mantri Gram Sadak Yojana                    2. To provide minimum basic infrastructure to all habitations
  3. Rural infrastructure Scheme                                 3. Rural Sanitation
  4. Tamilnadu Habitation improvement scheme          4. To stabilize the  assets created under   MGNREGS
A
3 1 4 2
B
1 3 2 4
C
4 1 3 2
D
2 4 1 3
Question 55
Which one of the following was not identified under the Basic Minimum Services(BMS) programme of the Ninth Five Year Plan?
A
Provision of safe drinking water
B
Universalisation of Primary education
C
Development of renewable sources of energy
D
Availability of primary health facilities
Question 56
The Statistical Indicator of equitable distribution of Income is
A
National Income
B
Per Capita Income
C
Gini Coefficient
D
Disposable Personal Income
Question 57
Which one of the following finance commission prescribed the devolution of tax revenue to states on the net proceeds  of all central taxes?
A
8th finance commission
B
11th commission
C
10th finance commission
D
9th commission
Question 58
Who is the Chairman of Indian Planning Commission?
A
President of India
B
Prime Minister of India
C
Finance Minister of India
D
Vice President of India
Question 59
Primary Sector consists of
A
Trade
B
Construction
C
Tele Communication
D
Agriculture
Question 60
The first demographer was
A
T. R. Malthus
B
Adam Smith
C
J.S. Mill
D
Karl Marx
Question 61
Consider the following statements:
  • Assertion(A): Tenth Five Year Plan period was 2002-2007.
  • Reason(R): Priority was given to reduction of poverty and population growth
A
(A) true but (R) is false
B
(A) false but (R) is true
C
(A) and (R) both are true (R) is correct explanation of (A)
D
(A) and (R) both are false (R) is not correct explanation of (A)
Question 62
A marginal farmer-means one who is holding
A
1.25 Acres of Wetland (or) 2.5 Acres of Dryland (or) less than both
B
2.5 Acres of Wetland (or) 5 Acres of Dryland (or) less than both
C
2.5 Acres of Dryland (or) 5 Acres of Wetland (or) less than bot
D
1.25 Acres of Dryland (or) 2.5 Acres of Wetland (or) less than both
Question 63
Point out the wrong statement in the following statements”
A
Destitute widow certificate is issued by the Tashildar
B
Village Administrative Officier is the Registrar for Births & Deaths in the Village Panchayats
C
Legal-Heirship certificate is issued by the Tashildar
D
Income certificate is issued by the Tashildar
Question 64
The physiocrafts considered only the following as productive occupation
A
Manufacturing Industry
B
Agriculture
C
Service Sectors
D
Soldiers
Question 65
The difference between NNP and NDP
A
Depreciation
B
Current transfers from rest of the world
C
Indirect tax
D
Net factor income from abroad
Question 66
_________ deals with the socio-economic development and empowerment of women through self-help groups.
A
short Stay Home
B
Family Counselling Centres
C
Swayamsidha
D
Skill development
Question 67
The Revenue Court in the state deals with which among the following case?
A
Cases of patta transfer appeal
B
Cases of tenancy laws
C
Cases of stamp duty
D
Cases of ‘UDR’ correction
Question 68
Village Account No. 1 deals with
A
Cultivation Account
B
Adangal
C
Lease Register
D
Inam Register
Question 69
Who will be  Jamabandhi Officer for any Taluk?
A
Deputy Tashildar, Tahsildar or Bloch Development Officer
B
Tahsildar, Special Tashildar or Bloch Development Officer
C
Deputy Tahsildar and Special Tahsildar
D
Deputy Collector, District Revenue Officer and District Collector
Question 70
How many types of wet lands are there?
A
3
B
4
C
5
D
6
Question 71
What is registered in B memo by the Villages Administrative Officer?
A
Encroachment
B
Patta Transfer
C
Chitta
D
2C patta
Question 72
Which of the following is called as an important agro-based industry?
A
Steel
B
Cement
C
Sugar
D
Jute
Question 73
In which Five Year Plan, the growth model given by P.C. Mahalanobis was applied?
A
Fifth Five Year Plan
B
Fourth Five Year Plan
C
Third Five Year Plan
D
Second Five Year Plan
Question 74
Who is the Chairman of Thirteenth Finance Commission?
A
Dr.Vijay Kelkar
B
K.C. Neogi
C
K. Santhanam
D
J.M. Shelat
Question 75
Given below are two statements; one labeled as Assertion(A) and the other as Reason(R).
  1. Assertion(A): India’s strategy for industrial development witnessed major change in 1991.
  2. Reason(R): Until 1991, producers were given limited chance for innovation and competition.
A
(A) is correct but (R) is wrong
B
Both (A) and (R) are correct and (R) explains (A)
C
Both (A) and (R) are correct but (R) does not explain (A)
D
Both (A) and (R) are wrong
Question 76
In which Industrial Policy , industries in India were classified into three schedules?
A
Industrial Policy Resolution , 1948
B
Industrial Policy Resolution, 1956
C
Industrial Policy Statement, 1977
D
Industrial Policy, 1980
Question 77
Rashtriya Krishi Vikas Yojana was launched to enhance investment in agriculture during which Five Year Plan
A
Ninth Five Year Plan
B
Tenth five Year Plan
C
Eleventh Five Year Plan
D
Twelfth Five Year Plan
Question 78
New Economic Policy (NEP) was introduced in India in the year
A
1990
B
1991
C
1992
D
1993
Question 79
Actual Rate of increasing national income during Xth plan period was
A
7.6%
B
7.1%
C
7.3%
D
7.5%
Question 80
Towns below 50,000  population will be covered under
A
NUHM
B
NRHM
C
NHM
D
All of the above
Question 81
Under the 13th Finance Commission, the highest fund transfer was made to which state?
A
Andhara Pradesh
B
Bihar
C
Uttar Pradesh
D
Tamil Nadu
Question 82
In which sector, Masanl Committee was set up?
A
Railways
B
Sea Transport
C
Air Transport
D
Road Transport
Question 83
Which programme was started with the objective of reducing scarcity in rural areas by the construction of civil works of permanent nature?
A
Small Farmers Development Agency
B
Rural Works Programme
C
Integrated Rural Development Programme
D
Mahatma Gandhi National Rural Employment Guarantee Programme
Question 84
Who advocated tax on expenditure?
A
Bimaljalan
B
N. Kalder
C
Kenneth Arrow
D
Paul Samuelson
Question 85
Non intervention of the Govt. in production activities- the policy is called
A
Laissez –Faire Policy
B
Macro Economic Policy
C
Monetary Policy
D
Govt. Policy
Question 86
Which sector got the highest allocation in the Twelfth Five-Year Plan?
A
Energy
B
Social
C
Transport
D
Communication
Question 87
Consider the following Statements. Pick out the correct statement.
  1. Sardar Sarovar Narmada Nigam project to create solar energy from the solar panals along the river of Narmadha.
  2. Deendayal Upadhyaya Gram Jyoti Yojana to provide access of electricity to rural households across the country.
A
I only
B
II only
C
Both are correct
D
Both are wrong
Question 88
Match the following states with their Child Sex Ratio as per census 2011
  • States                                Child Sex Ratio
  1. Kerala                               1. 946
  2. Haryana                          2. 899
  3. TamilNadu                        3. 959
  4. Uttar Pradesh                           4. 830
A
1 3 4 2
B
1 2 3 4
C
3 2 1 4
D
3 4 1 2
Question 89
In the system of currency notes, which system is followed in India
A
Proportional reserve system
B
Minimum reserve system
C
Maximum reserve system
D
Fixed reserve system
Question 90
Which market is an ideal form of organization which by providing easy liquidity encourages the public to invest and this brings out the latent surplus in the economy?
A
Commodity market
B
Money market
C
Stock market
D
Exchange market
Question 91
Who was the Chairman of 1st Finance Commission?
A
V. Carnol
B
S. Benjamin
C
K.C. Neogy
D
H.T. Riyog
Question 92
The term “PMAY” relates to
A
Fisheries
B
Housing
C
Stock market
D
Diamond market
Question 93
Green Revolution increase the food grains production in
A
Rice and wheat
B
Wheat and oil seeds
C
Rice and oil seeds
D
Rice and sugarcane
Question 94
Match List I with List II
  • List I                                                   List II
  1. Characteristic of Land                 1. Taking risks
  2. Characteristic of Labour              2. Productive
  3. Characteristic of Capital              3. Mobile
  4. Characteristic of Organisation     4. Fixed in supply
A
4 1 2 3
B
1 3 2 4
C
4 3 2 1
D
2 4 3 1
Question 95
Which industry is called mother industry?
A
Textile industry
B
Cotton industry
C
Iron and Steel industry
D
Sugar industry
Question 96
Agriculture production means
A
National total production of agriculture
B
The ratio between input and output
C
The addition of input and output
D
All states and union territories total production
Question 97
Poverty has been defined as
A
Lack of adequate saving
B
Lack of adequate education
C
Lack of adequate health
D
Lack of adequate income
Question 98
‘Johanesburg 2002 United Nations’ Conference was on
A
Software development
B
Transport development
C
Community development
D
Sustainable development
Question 99
When was Indian radio broadcasting started?
A
1927
B
1937
C
1947
D
1827
Question 100
Globalization mainly signifies
A
Economic integration
B
Political integration
C
Social integration
D
All the above
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