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Indian Economy Model Test 13 in English

Indian Economy Model Test Questions 13 in English With Answer

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Question 1
“Physiocrates” means
A
Rule of nature
B
Artificial Law
C
Legal Law
D
Production Law
Question 2
One of the objectives of Eleventh Five Year Plan is given below. Choose it correctly.
A
To reduce the dropout rate in higher education
B
To reduce the dropout rate in primary school education
C
To reduce the dropout rate in teacher education
D
To reduce the dropout rate in secondary education
Question 3
Which sector is not included in the occupational pattern?
A
Primary Sector
B
Private Sector
C
Secondary Sector
D
Tertiary Sector
Question 4
The annual average rate of growth of population during 2001-11 in India is
A
1.31%
B
1.93%
C
1.64%
D
2.1%
Question 5
Which one is not a factor influencing population?
A
Birth rate
B
Death rate
C
Migration
D
Poverty
Question 6
When was the scheme Prathan Mantri Jeevan Jyothi Bima Yojana was started?
A
July 9, 2014
B
June 6, 2014
C
May 9, 2015
D
Aug 2, 2015
Question 7
The term “HRIDAY” relates to
A
Urban development
B
Farmer development
C
Educational development
D
Poverty Eradication
Question 8
Which energies are supposed to be free and command no price?
A
Commercial energy
B
Non – Commercial energy
C
Both (A) _+ (B)
D
Coal and lignite
Question 9
Recently, the Central Government decided to implement GST in India. GST stands for what?
A
Goods and Service Tax
B
General Sales Tax
C
General Services Tax
D
Goods Sales Tax
Question 10
Under whose chairmanship the Reserve Bank of India recently constituted a High powered committee to study the urban cooperative banks?
A
C. Rangarajan
B
Yashwant Sinha
C
Raghuram Rajan
D
R. Gandhi
Question 11
Who is the chair person of Governing Council of International fund for Agricultural decelopment?
A
Rahul Varma
B
Dinesh Sharma
C
Dutt
D
Mithun Varma
Question 12
What is the percentage of FDI allowed in Pharma industry in India?
A
100%
B
51%
C
60%
D
48%
Question 13
Rangarajan committee relates to
A
Banking reforms
B
Share market reforms
C
Disinvestment of public sector units
D
Industrial Licence
Question 14
Which one is called a fourth sector?
A
Agricultural sector
B
Information sector
C
Industrial sector
D
Service sector
Question 15
Some formerly higher income and high growth states now weaken growth in the 11th Plan, most prominent of which are
A
Karnataka and Kerala
B
TamilNadu and Andhra Pradesh
C
Andhra Pradesh and Karnataka
D
Karnataka and TamilNadu
Question 16
Under whose recommendation Rural Credit of RBI was handed over to NABARD?
A
CRAFICARD
B
NARIMANN
C
SCHELEGAL
D
BENCH MANN
Question 17
The International Decade for Natural Disaster Reduction (IDNDR) declared in the decade
A
1980-1990
B
1990-2000
C
2000-2010
D
2010-2020
Question 18
As per the IUCN Red list 2004, how many plant species were extinct in India?
A
87
B
89
C
97
D
99
Question 19
Which country has now emerged as the largest sugar producing country  in the world?
A
Russia
B
America
C
India
D
Brazil
Question 20
It was mentioned under which plan “the basic goal is a rapid increase in the standard of living of the people” and “again emphasis is placed on the common man, the weaker sections and the less privileged”
A
First Five Year Plan
B
Third Five Year Plan
C
Fourth Five Year Plan
D
Sixth Five Year Plan
Question 21
The first there plans talked of the setting up of a
A
Mixed economic system
B
Socialise pattern of society
C
Establishment of a social and economic democracy
D
Both (B) and (C)
Question 22
Applied Nutrition Programme in India was started in the Third Five Year Plan with the assistance of
A
UNO
B
WHO
C
UNICEF
D
CARE
Question 23
Which of these state group is visible for wide inter-state disparities in the poverty ratios?
A
Bihar, Orissa, Madhya Pradesh
B
Karnataka, Kerala, Tamil Nadu
C
Punjab, Haryana, Gujarat
D
Bihar, Tamil Nadu, Gujarat
Question 24
Which type of unemployment is common in Indian agriculture?
A
Structural unemployment
B
Seasonal unemployment
C
Cyclical unemployment
D
Technical unemployment
Question 25
The cause of unemployment in India is not due to
A
population explosion
B
inadequate employment planning
C
rapid development of industry
D
poor manpower planning
Question 26
National Income in India is estimated by
A
Planning Commission
B
Finance Commission
C
Indian Statistical Institute
D
Central Statistical Organisation
Question 27
Which one is the problem of unorganized  women workers?
A
Equal remuneration
B
Fixed hours of work
C
Occupational discrimination
D
Economic independence
Question 28
According to Census 2011, what percentage of disabilities is found in the vital population of India?
A
2.01
B
2.21
C
2.51
D
2.71
Question 29
The National Rural Employment Programme was originally called
A
Antyodaya Programme
B
Integrated Rural Development Programme
C
Training Rural Youth for Self Employment
D
Food for Work Programme
Question 30
Consider the following statements:
  • Assertion (A): The employers of various business establishments employ children maximize their profits.
  • Reason(R): Employment of children leads o economic exploitation of children.
A
Both (A) and (R) are true and (R) is the correct reason for (A)
B
Both (A) and (R) are true and (R) is not the correct reason for (A)
C
(A) is true but (R) is false
D
(A) is false but (R) is true
Question 31
Mass poverty is the result of
A
Moderate economic growth
B
Moderate agricultural performance
C
Slow growth of employment opportunities in the organized sector
D
Deflation and non-food prices
Question 32
Which one of the following is a major anti-poverty programme introduced in India?
A
IADP
B
IAAP
C
HYVP
D
IRDP
Question 33
  • Assertion(A) : Unemployed people are not equally distributed in all the states of India.
  • Reason (R): The growth of employment per annum is only about 2 percent.
A
Both (A) and (R) are true and (R) is the correct reason for (A)
B
Both (A) and (R) are true and (R) is not the correct reason for (A)
C
(A) is true but (R) is false
D
(A) is false but (R) is true
Question 34
Match the following:
  • List I                                                         List II
  1. Adam Smith                                    1. Poverty Line
  2. Starvation Line                                2.Relative Poverty
  3. Indian Planning Commission                  3. Wealth of Nations
  4. Subsistence Poverty                              4. First Director General of Food and Agricultural Organisation
  5.                                                                   5. Absolute Poverty
A
3 4 2 1
B
4 3 2 1
C
3 4 1 5
D
4 3 2 5
Question 35
The 27th Asia Pacific Economic Cooperation (APEC) meeting is to be held at
A
Phillipines
B
Beijing
C
Mexico
D
Malaysia
Question 36
The highest coffee growing state in India is
A
Karnataka
B
Kerala
C
Maharastra
D
Tamil Nadu
Question 37
Inflation is caused by increase in
A
Money supply
B
Production
C
Population
D
Employment
Question 38
Which one of the following is the pradhan Mantri Gram Sadak Yojana (PMGSY) scheme?
A
Water connectivity
B
Road connectivity
C
LPG connectivity
D
Electricity connectivity
Question 39
As per ranking of WTO for the year 2013, the position of India as the largest exporter and as the largest importer of merchandise trade in the world respectively are
A
12th : 19th
B
19th : 12th
C
8th : 10th
D
10th : 8th
Question 40
In the demography of India, which one of the following year is called the  “year  of great divide”?
A
1931
B
1921
C
1881
D
2011
Question 41
The chairman of India’s fourteenth finance commission is
A
C. Rangarajan
B
A.M. Khusro
C
Y.B. Chavan
D
Y.V. Reddy
Question 42
Green revolution means
A
Afforestation
B
Using of HYV seeds, Chemical fertilizers pesticides and machineries
C
Greening the environment
D
Sapling more plants
Question 43
Identify  the non-wage employment prgramme from the following.
A
Jawahar Rozgar Yojana
B
Jawahar Rozgar Yojana
C
National Rural Employment guarantee scheme
D
TRYSEM
Question 44
India’s first green field special economic zone is
A
SEZ Bhadhon
B
SEZ Vishakapattinam
C
SEZ Indore
D
SEZ Noida
Question 45
An important objective of National Population Policy of 2000 was
A
To achieve a stable population by 2046
B
Reduction of birth rate
C
Improving the quality of population
D
Reduction of death rate
Question 46
Of the following scheme which scheme was started by the Government of India for the benefit of urban slum dwellers?
A
Integrated Housing and Slum Development Programme
B
Indira Awas Yojana
C
Jawaharlal Nehru National Urban Renewal Mission
D
Swarnajayanthi Rozgar Yojana
Question 47
Public – Private partnership is emerging as the preferred instrument for the development
A
Infrastructure
B
Agriculture
C
Industries
D
Trade
Question 48
The mostly accepted measure for finding out the level of employment is
A
Usual Status
B
Usual Status
C
Current Weekly Status
D
Current Monthly Status
Question 49
Which of the following is a land reform measure adopted in India?
A
Abolition of Zamindari System
B
Abolition of Mahalwari system
C
Abolition of Ryotwari system
D
Abolition of land records
Question 50
Who is the chairman of the Indian Planning Commission?
A
President
B
Prime Minister
C
Finance Minister
D
Defence Minister
Question 51
Which one of the following is not a Tenancy Reform?
A
Regulation of Rent
B
Security of Tenure
C
Abolition of Intermediaries
D
Conferment of ownership rights to Tenants
Question 52
Consider the following statements.
  • Statement 1: The business to business kind of e-commerce refers to a company selling or buying from other companies
  • Statement 2: With the business to customer type of e-commerce , the company first establishes a website on the Internet
A
Statement 1 is true and Statement 2 is false
B
Both the Statements are true
C
Statement 1 is false and Statement 2 is true
D
Both the Statements are false
Question 53
The World Trade Organisation(WTO) is the successor to which one of the following institutional arrangement?
A
World Trade Community
B
International Trade and Development Association
C
General Agreement on Trade and Tariffs
D
Association for Economic and Social Reconstruction
Question 54
In Tamil Nadu the vocational training for employment project was launched in the year 2000, in partnership with
A
International Monetary Fund
B
World Bank
C
United Nations Development Programme
D
International Development Association
Question 55
Which of the following aimed to create community assets for strengthening rural infrastructure?
A
Integrated Rural Development Programme
B
Rural Landless Employment Guarantee Programme
C
National Rural Employment Programme
D
Hill Area Development Programme
Question 56
Which of the following is correctly matched?
A
R.K. Puri - Governor of Tamil Nadu in 1975
B
Bimal Jalan - Governor of RBI in 1997
C
Dr. Vijay Kelkar - Chairman of 12th Finance Commission
D
Lal Bahadur Satri - The First Chairman of the Indian Planning Commission
Question 57
Which of the following Five Year Plan of India has stressed ‘Expanssion, Excellence and Equality’ in education?
A
12th Plan
B
11th Plan
C
10th Plan
D
9th Plan
Question 58
Which industrial phase is called the period of Industrial Recovery ?
A
Phase I 1951-56
B
Phase II 1965-80
C
Phase III 1981-91
D
Phase IV 1991-92 onwards
Question 59
During which five year plan of India National Development Council adopted a 14 point resolution to achieve 4 percent agricultural growth
A
11th Plan
B
12th Plan
C
10th Plan
D
9th Plan
Question 60
Who was the chairman of the Twelfth finance commission constituted by the president of India?
A
Raja Chellaiah
B
C. Rangarajan
C
K.C. Panth
D
J.P. Neogi
Question 61
Indian Economy is a / an
A
Developed Economy
B
Undeveloped Economy
C
Industrial Economy
D
Mixed Economy
Question 62
Identify the Twelfth five year plan period of India
A
2007-2012
B
2008-2011
C
2011 – 2016
D
2012-2017
Question 63
Which of the following is not an objective India’s economic planning?
A
Population growth
B
Industrial growth
C
Self-reliance
D
Employment generation
Question 64
Indira Gandhi Matritva Sahyog Yojana is for __________
A
Pregnant women
B
Women entrepreneurs
C
Education for women
D
Employment for women
Question 65
The Life Expectancy of India during the 2011 census was
A
69.89 years
B
67.50 years
C
66.45 years
D
65.60 years
Question 66
How many states are to be linked to e-NAM, an e-trading platform for farmers?
A
8
B
2
C
10
D
5
Question 67
What is the aim of “Jan Aushadhi” campaign?
A
Cleaning the rivers and its tributaries
B
Clean up urban areas
C
Providing water for every farm
D
Providing quality medicine at affordable prices
Question 68
Who is the Chairman of Tenth Finance Commission?
A
K.C. Pant
B
Y.B. Chavan
C
Sri Mahavir Tyagi
D
K. Santhanam
Question 69
In which year, Zamindari Abolition and Land Reforms Act was enacted in all the states in India
A
1950
B
1951
C
1952
D
1953
Question 70
In 1950 Planning Commission was set up by
A
B.S. Minhas
B
Jawaharlal Nehru
C
M.N. Roy
D
S.D. Tendulkar
Question 71
The period of Twelfth five year plan is
A
1997-2002
B
1998-2003
C
2010-2015
D
2012-2017
Question 72
Which one of the following is a correctly matched pair?
A
Dwarkanath Tagore - Landholder’s Society
B
William Adams - India League
C
A.M. Bose - British India Society
D
Sisir Kumar Ghose - Indian Society
Question 73
Which of the following committee of the Parliament in India is not related to financial matter?
A
Public Accounts Committee
B
Committee on Estimates
C
Committee on Public undertakings
D
Committee on Governments Assurances
Question 74
Match the following with suitable option:
  • List I (Language)              List II (Family)
  1. Bengali                  1. Sinco-Tibetian
  2. Gondi                     2. Austric
  3. Kachin                     3. Indo-European
  4. Korku                        4. Dravidian
A
4 2 3 1
B
3 4 1 2
C
2 3 1 4
D
3 1 4 2
Question 75
Which plan model is a Neo-Gandhian approach to development?
A
LPG model
B
Development of heavy industries model
C
PURA model
D
Socialistic pattern of society model
Question 76
Who was the real architect of the second five year plan?
A
Harrod-Domar
B
Nehru
C
Mahalanobis
D
Indira Gandhi
Question 77
The change in rural consumer expenditure on non-food products as compared to the urban consumer in 2013
A
Increased
B
Decreased
C
Remained constant
D
Showed sharp fluctuations
Question 78
The Goods and Service tax will be implemented  in India from
A
January 1, 2017
B
April 1, 2017
C
August 3, 2017
D
February 1, 2017
Question 79
The e-facility launched by CBDT for online redressal of Tax payer’s grievances in September 2016 is
A
e-Market
B
e-NAM
C
e-Visa
D
e- Nivaran
Question 80
Which place in India, the Islamic development bank planned to open its first Branch?
A
Ahmedabad
B
Chennai
C
Delhi
D
Mumbai
Question 81
The Chairman of 14th Finance commission is
A
C. Rangarajan
B
Vijay Kelkar
C
Y.V. Reddy
D
Subba Rao
Question 82
Which of the following factors that are responsible for present crisis in the jute industry in india?
  1. The decline in overseas market
  2. Inadequate supply of raw jute
  3. Stiff competition from synthetic packing materials
A
I and II
B
I, II and III
C
I and III
D
II and III
Question 83
The agency estimating the national income of India is
A
Reserve Bank of India
B
Planning Commission
C
Ministry of Finance
D
Central Statistical Organization
Question 84
The Twelfth plan period is
A
2007-2012
B
2009-2014
C
2012-2017
D
2014-2019
Question 85
The Nehru-Mahalanobis model was introduced in the
A
First Plan
B
Second plan
C
Third plan
D
Fourth plan
Question 86
The main driver of inflation in India in the least few years has been
A
Increased rural wages
B
Escalated food prices
C
Increased cost of intermediate products
D
Increased fuel cost
Question 87
Bench Terracing is famous in
A
Tanjore & Namakkal
B
Ooty & Nilgiri
C
Salm & Dharmapuri
D
Madurai & Dindukal
Question 88
‘Intangible goods’
A
Machinery, instruments, industries
B
Waste goods
C
Oil seeds
D
Health, Research, Quality Education
Question 89
Which year has a special significance in Indian Economy as far as Economic Reforms are concerned?
A
1952
B
1981
C
1991
D
2001
Question 90
Where is the diamond cutting industry located in India?
A
Lucknow
B
Surat
C
Ludiyana
D
Chandigarh
Question 91
Net National Product is
A
Gross Domestic Product – Depreciation
B
Gross National Product - Depreciation
C
Net National Product - Depreciation
D
Net National Product – Depreciation
Question 92
When a person lives below the minimum subsistence level he is said to live in
A
Absolute poverty
B
Relative poverty
C
Abstract poverty
D
True poverty
Question 93
In India the organization which was responsible for self-sufficiency in food production was
A
CSIR
B
ICAR
C
ISRO
D
ICMR
Question 94
As explained by Robert Malthus, Population increases in the
A
Proportion ration
B
Geometric ratio
C
Arithmetic ratio
D
Smaller ratio
Question 95
Which plan was implemented after the Annual Plans of 1966- 69?
A
Second Five Year plan
B
Fifth Five Year Plan
C
Third Five Year Plan
D
Fourth Five Year Plan
Question 96
“Bachpan Bachao Andolan” is an organization that fights against
A
Child labour
B
Bonded labour
C
Child marriage
D
Poverty
Question 97
________ decides the economic growth of a country.
A
Export
B
Import
C
Trade
D
Transport
Question 98
The following set of countries follow socialist economy pattern
A
China, Cuba, Vietnam, North Korea
B
Africa, Australia, America, Brazil
C
Europe, Japan , Australia, China
D
Srilanka, Pakistan, Bangladesh, Cuba
Question 99
The new symbol; of Indian rupee
A
£
B
C
$
D
Question 100
Among the following which does not include LPG in economics
A
Privatisation
B
Liberalisation
C
Generalisation
D
Globalisation
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