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Indian Economy Model Test 14 in English
Indian Economy Model Test Questions 14 in English With Answer
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Question 1 |
Identify the one among the following sub divisions that does not from the subject matter of public finance
Public expenditure | |
Financial administration | |
Factor price determination | |
Federal finance |
Question 2 |
The reason for rapid increase in population is
Birth rate and death rate increases | |
Birth rate and death rate decreases | |
Birth rate increases but death rate decreases | |
Birth rate decreases but death rate increases |
Question 3 |
World Consumer Day is celebrated on
March 15 | |
March 16 | |
March 14 | |
March 11 |
Question 4 |
___________ is one wherein very little investment is involved.
Large scale industry | |
Small scale industry | |
Cottage industry | |
Medium scale industry |
Question 5 |
‘Communism in Health’ means, health must be provided
according to life expectancy | |
according to the need and not according to the ability to pay | |
only to the children | |
only to the aged people |
Question 6 |
Among these two Economics one is known as Father of Economics and the other is known as Father of Modern Economics. Find the correct combination.
Adam Smith - David Ricardo | |
J.M. Keynes - T.R. Malthus | |
Adam Smith - Amarthya Sen | |
Adam Smith - J.M. Keynes |
Question 7 |
With the help of the following clues find out the kind of budget:
- It is called a surplus budget.
- It is also a case of deficit budget
- Modern economists argue that it is very useful for achieving economic stability.
- The government’s income or tax revenue and expenditure are not equal.
Revenue budget | |
Balanced Budget | |
Zero based budget | |
Unbalanced budget |
Question 8 |
Name the new tax system of the central government. Which is to be implemented by the year 2017.
VAT | |
MAT | |
GST | |
ST |
Question 9 |
In which year child labour policy was passed?
1980 | |
1987 | |
1985 | |
1982 |
Question 10 |
National income of a country can be calculated by
2 methods | |
3 methods | |
4 members | |
5 members |
Question 11 |
Which one of the following is correctly matched?
Somavari - Chittirai pattam | |
Samba - Karthigai Pattam | |
Navarai - Adi Pattam | |
Zaid - Avani Pattam |
Question 12 |
In which sector fishing and mining come under?
Private sector | |
Primary Sector | |
Tertiary sector | |
Secondary sector |
Question 13 |
In which year was green revolution introduced?
1967 | |
1977 | |
1987 | |
1957 |
Question 14 |
Which is not a cause for population explosion?
High birth rate | |
Social customs | |
High death rate | |
Poverty |
Question 15 |
Who gave the name “Hindu rate of growth”?
Lionel Robbins | |
Raj Krishna | |
Mahalanobis | |
Barbana Wootten |
Question 16 |
Who is the changing agent of the society?
Farmer | |
Entrepreneur | |
Weaver | |
Actor |
Question 17 |
The main functions of NITI Aayog does not include
monitoring and evaluation of programmes and initiatives | |
developing mechanisms to formulate credible plans at village level | |
disbursal of funds to central ministries and state governments | |
fostering co-operative federalism and designing strategic policy |
Question 18 |
The term demographic dividend refers to
decline in population | |
increase in working class | |
decline in birth rate | |
decline in fertility rate |
Question 19 |
The largest share of energy is consumed by
Agricultural | |
Rural power supply | |
Urban power supply | |
Industry |
Question 20 |
The right to Education Act 2009, is not related to
Primary education | |
quality of education | |
free education | |
higher education |
Question 21 |
The Lorenz cure is a measure of
poverty | |
income inequalities | |
inflation rate | |
tax structure |
Question 22 |
The Chairman of the fourteenth Finance Commission in India
Dr. C. Rangarajan | |
Shri. Vijay Kelkar | |
Dr. A.M. Kusho | |
Dr. Y.V. Reddy |
Question 23 |
The planning commission of India was changed as NITI AAYOG in ________
March , 2015 | |
January, 2015 | |
December, 2015 | |
April, 2015 |
Question 24 |
The LPG model of development was introduced in ________by the Finnace Minister __________.
1991, Dr. Manmohan Singh | |
1995 , Shri. Pranab Muharji | |
2000, Shri. P. Chidambaram | |
2010, Shri. Yaswant Sinha |
Question 25 |
The human population is currently exhibition
logistic growth | |
exponential growth | |
arithmetic growth | |
zero growth |
Question 26 |
In an open economy, GDP is the sum of
Consumption, gross investment, government spending and net exports | |
Consumption, net investment, government spending and net export | |
Consumption, gross investment, government spending and gross exports | |
Wages , rent, interest, profit and depreciation |
Question 27 |
The minimum support prices are a means of supporting the
farmers | |
consumers | |
industries | |
retailers |
Question 28 |
Which one of the following is an indirect tax?
Income tax | |
Service tax | |
Corporation tax | |
Interest tax |
Question 29 |
India’s Human Development Index HDI in 2011 was better than that of
- I. China II. Srilanka III. Bangladesh IV. South Africa
I, II, III, IV | |
III, IV | |
III | |
II, III, IV |
Question 30 |
The Indian Government gets _________ percent of India’s total energy needs are met through imports.
30 percent | |
40percent | |
20 percent | |
35 percent |
Question 31 |
Mr. Ladejinsky, an American expert on land reforms, after detailed study observed that one of the following districts worst in land tenure system in Tamil Nadu
Namakkal | |
Erode | |
Thanjavore | |
Karur |
Question 32 |
Match the following:
- Author Name Book/ Journal Artcile
- Deaton, Angus 1. Adjusted Indian Poverty Estimate for 1999- 2000
- Minnas and others 2. India: Poverty, Employment and Social Series
- World Bank 1989 3. Poverty in India. Dimensions and Trends
- Dandekar and Rath 4. Declining Incidence of Poverty in 1980s
1 2 3 4 | |
3 4 2 1 | |
1 4 2 3 | |
3 4 1 2 |
Question 33 |
The true measure of economic welfare is now called
Welfare Economics | |
National Income | |
Green GNP | |
Net Economic Welfare |
Question 34 |
The share of mechanical and electrical power in agriculture sin the year 2003-2004
40 percent | |
84 percent | |
70 percent | |
60 percent |
Question 35 |
Petroleum and Natural Gas Regulatory Board (PNGRB) Act came into force in the year
2003 | |
2004 | |
2005 | |
2006 |
Question 36 |
How many times has the Indian Currency been demonetized so far?
One | |
Three | |
Two | |
Four |
Question 37 |
In the field of agriculture, India is lagging behind
Buffer stock | |
Fertiliser use | |
Cereal production | |
Pulses production |
Question 38 |
Prof. P.C. Mahalanobis model of plan based on the
American experience | |
Russian Experience | |
European Experience | |
Asian countries experience |
Question 39 |
The term “sustainable development” first used by the
World conservation strategy | |
Brundtland report | |
World Commission on Environment | |
World development report |
Question 40 |
India recorder the highest growth rate of National Income during
I Five Year Plan | |
V Five Year Plan | |
VI Five Year Plan | |
VIII Five Year Plan |
Question 41 |
Match the following:
- States Projects
- Tamil Nadu 1. Periyar
- Kerala 2. Kunda
- Haryana 3. Damodar Valley
- West Bengal 4. Bhakra-Nangal
2 1 4 3 | |
3 4 2 1 | |
4 2 1 3 | |
2 3 1 4 |
Question 42 |
Disguised unemployment implies
Technological inefficiency | |
Zero marginal productivity of labour | |
Full employment | |
Unemployment |
Question 43 |
The aim of Annapurnna scheme is
Providing food security for senior citizens | |
Providing food security for children | |
Providing food security for women | |
Providing food security for pregnant women |
Question 44 |
Bharat Nirman Programme aims
to provide educational facilities to rural people | |
to provide basic amenities to rural people | |
to provide employment opportunities to rural people | |
to provide health facilities to rural people |
Question 45 |
The per capita income in India in 1867-68 was first ascertained by
M.G. Ranade | |
W.Hunter | |
R.C. Dutt | |
Dadabhai Naoroji |
Question 46 |
Which of the statements given below is/are the features of New Policy?
- Reform in trade policy
- Reduction in fiscal deficit
- To promote Industrial development
- Exchange rate
1 and 2 | |
1, 2 and 3 | |
3 and 4 | |
2, 3 and 4 |
Question 47 |
Which Bank was called Imperial Bank?
State Bank of India | |
Reserve Bank of India | |
Bank of India | |
Indian Bank |
Question 48 |
Second Five Year Plan was formulated based on the _________ model.
Mahalanobis | |
Rudra | |
Myrdal | |
A.K. Sen |
Question 49 |
The GDP growth of India for a financial year 2015-16 is
8.0% | |
7.6% | |
7.2 % | |
7.9% |
Question 50 |
__________% percentage of the country’s total coal is derived from the valley of Damodar and Son in Bihar
90% | |
97.6% | |
97% | |
97.5% |
Question 51 |
The new agricultural technology was tried as a pilot project and was called as
Integrated Rural Development Programme (IRDP) | |
Integrated District Development Programme (IDDP) | |
Intensive Agricultural Development Programme (IADP) | |
Intensive Agricultural District Programme (IADP) |
Question 52 |
Which plan had set the correct goal in the form of moving “Towards faster and more inclusive growth”?
10th plan | |
9th plan | |
11th plan | |
12th plan |
Question 53 |
The Union Government is planning to launch Rashtriya Aviskar Abhiyan to create awareness among the students in
Classic music | |
Ancient history | |
Science and arts | |
Science and mathematics |
Question 54 |
Which district has the highest per capita income in Tamil Nadu in 2010-11?
Coimbatore | |
Chennai | |
Thanjavur | |
Kanniyakumari |
Question 55 |
Match the following:
- NSSO 1. 7 day recall methodology
- Decline in poverty to 26% 2. 55th round
- Decline in poverty to 23.3% 3. 30 day recall methodology
- Economics survey 4. 2000-01
4 3 2 1 | |
1 4 3 2 | |
1 2 3 4 | |
2 3 1 4 |
Question 56 |
Which of the following is correctly matched?
According to 2011 census of India most populous state is - Sikkim | |
According to 2011 census of India least populous state is - UP | |
The Motto of the 2011 census is - Our census Our future | |
According to 2011 census highest proportion of Urban population is - Chennai |
Question 57 |
Match the following:
- Red Revolution 1. Meat/Tomato
- Pink Revolution 2. Eggs
- Golden Revolution 3. Shrimp
- Silver Revolution 4. Fruits/Apple
1 2 3 4 | |
4 3 2 1 | |
1 3 4 2 | |
2 3 1 4 |
Question 58 |
Total outlay for the 11th Five Year Plan period is
Rs. 14,88, 147 crore | |
Rs. 21, 56, 571 crore | |
Rs. 36, 44, 718 crore | |
Rs. 78, 846, 782 crore |
Question 59 |
Expand FERA and FEMA
Foreign Exchange Regulation Act | |
Foreign Exchange Reserve Act | |
Foreign Exchange Management Act | |
Foreign Exchange Minimum Act |
Question 60 |
Match following and select the correct answer:
- TRAI 1. Stock market
- SEBI 2. Export promotion
- SEZ 3. Electricity
- NTPC 4. Telecom
4 1 3 2 | |
4 1 2 3 | |
4 3 2 1 | |
3 4 2 1 |
Question 61 |
Sustainable development does not include
Improvement in health status | |
Improvement in environmental quality | |
Non-utilisation of natural resources | |
Reduction in emissions and waste |
Question 62 |
- Tick incorrect answer:
- The population policy of 2000
Concentrates on reproductive health | |
Adopts a decentralized approach | |
Provides incentive to follow two child norm | |
Emphasizes male participation |
Question 63 |
The main causes of rural poverty in India?
- Unemployment and underemployment
- Population pressures
- Indian agriculture is marked by low productivity
- A majority of people in rural area do not have enough assets, especially land.
I, II, III and IV | |
I, II and III | |
I and II | |
III and IV |
Question 64 |
Choose the correct answer:
- Agricultural productivity can be measured in terms of
Consumption of fertilizer | |
Irrigation facilities | |
Land and labour productivity | |
Mechanization |
Question 65 |
The percentage share of forests in the total area of TamilNadu is
13% | |
15% | |
20% | |
17% |
Question 66 |
Globally, Indian agricultural has been ranked first in the production of
Rice | |
Groundnut | |
Tobacco | |
Cotton |
Question 67 |
Which one is the oldest as well as the largest industry of India?
Paper industry | |
Iron-steel industry | |
Cement industry | |
Textile industry |
Question 68 |
- Choose the correct answer
- Which is declared by Government generally at the time of harvest of crops?
Minimum support prices | |
Procurement prices | |
Issue prices | |
Retail prices |
Question 69 |
The Kisan Credit Card scheme was introduced in
April 1998 | |
August 1998 | |
March 2011 | |
April 2011 |
Question 70 |
Which one of the following is not coming under ‘Income Method’ in calculating National Income?
Wage and Salary | |
Income derived from self employment | |
Interest | |
Export of goods and services |
Question 71 |
The self-supporting scheme introduced by the Supreme Court in 2017 to provide legal services for middle and relatively low income groups is known as
Middle income group scheme | |
Common Man group scheme | |
Self-supporting group scheme | |
Legal Aid for all – scheme |
Question 72 |
According to world bank, the following scheme is ranked as the world largest public works programme
Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) | |
Mid day meal Scheme | |
Janani Suraksha Yojana | |
Indira Gandh National Old Age Pension Scheme |
Question 73 |
The GDP growth rate in India for the Year 2015-16 is
7.1% | |
7.6% | |
7.2% | |
9.2% |
Question 74 |
India has been ranked 112 out of 159 in 2016 WEFI in September 2016. WEFI refers to
Wireless Electronic Fidelity Index | |
World Economic Freedom Index | |
Wireless Electronic Fidelity Internet | |
World Economic Feasibility Index |
Question 75 |
After 1991, the Government of India implemented various reforms in the area of taxation. This was based on the recommendations of the
Wanchoo Committee | |
Raja Chellaiah Committee | |
K.N.Raj Committee | |
Narasimham Committee |
Question 76 |
The motto of the Twelfth Five Year Plan is
faster, sustainable and more inclusive growth | |
towards faster and more inclusive growth | |
growth with social justice and equality | |
employment generation with faster growth |
Question 77 |
Permanent settlement was the feature of
Zamindari system | |
Mahalwari system | |
Ryotwari system | |
None of these |
Question 78 |
Which one of the following committee examined and suggested financial sector reforms
Abid Hussain Committee | |
Bhagawathi Committee | |
Chellaiah Committee | |
Narasimham Committee |
Question 79 |
The incorrect statement among the following as per 2011 census is
India’s population density is 382 persons/sq.km | |
Sex Ration of India is 940 females/ 1000 males | |
Literacy rate of India is 70.04% | |
Arunachal Pradesh is the least densely populated state of India |
Question 80 |
The objective of Babu Jagjivan Ram Chhatrawas Yojana is
to provide hostel facilities to SC boys and girls students | |
to provide educational facilities to girls | |
to provide employment opportunities for girls | |
to provide health facilities for women |
Question 81 |
The main objective of the policy of disinvestment of equity capital of public enterprises is to
reduce the burden of budgetary support to them | |
convert them into holding companies | |
hand them over to private entrepreneurs | |
to make them profit earning enterprises |
Question 82 |
The chairman of the 14th Finance commission is
C. Rangarajan | |
Y.B. Chavan | |
Y.V. Reddy | |
Vijay Kelkar |
Question 83 |
Which are the “Four factors of productions”?
Rupee-Dollar-Ero-Yen | |
GNP-NNP-GDP- NDP | |
Land – Labour –Capital-Organisation | |
Rent-Wage-Interest-Profit |
Question 84 |
Education is
Consumption good | |
Investment good | |
None | |
Both |
Question 85 |
In many countries ‘Poverty line’ are measured through the level of
Nutrition | |
Population | |
Per Capita Income | |
National Income |
Question 86 |
Match the following:
- Jawahar Gram Samriddhi Yojan 1. 2000-2001
- National Social Assistance programme 2. 1993
- Employment Assurance Scheme 3. 1999
- Pradhanmantri Gramodaya Yojana 4. 1995
3 1 2 4 | |
4 3 1 2 | |
3 4 2 1 | |
2 3 1 4 |
Question 87 |
According to Socio-Economic and Caste Census (SECC), 2015 which state has the highest literacy rate?
Sikkim | |
Tamil Nadu | |
Kerala | |
Haryana |
Question 88 |
An entrepreneur is like
a crow | |
a duck | |
a peacock | |
an eagle |
Question 89 |
How many people does each ration shop serve?
2000 | |
2500 | |
3000 | |
3500 |
Question 90 |
What was the fund limit of a small scale industry in the tenth five year plan?
75 lakhs | |
100 lakhs | |
50 crore | |
75 crore |
Question 91 |
Theory that explains the location of industry
Weber’s Theory | |
Christaller Theory | |
Vonthunan Theory | |
Malthus Theory |
Question 92 |
In which years was the import of food grain in India is Nil?
1989 and 1990 | |
1993 and 1994 | |
1995 and 1996 | |
1997 and 1998 |
Question 93 |
In which Agricultural crop production does India stand first in the world?
Rice | |
Groundnuts | |
Tobacco | |
Sugar |
Question 94 |
How much does India contribute to the world sugar production?
15% | |
20% | |
25% | |
30% |
Question 95 |
Match the objectives with Indian plans and give answer using the given codes:
- Plans Objectives
- IV Plan 1. Inclusive growth
- VI Plan 2. Growth with social justice and equality
- IX Plan 3. Rapid increase in the standard of living of the people
- XI Plan 4. Direct attack on the problem of poverty
2 3 1 4 | |
3 4 2 1 | |
4 3 2 1 | |
3 4 1 2 |
Question 96 |
The major causative factor in the unequal development of Indian Economy in recent years are:
- Slow growth of agriculture widened the urban-rural divide
- Organised sector firms decreased informal employment
- Delivery of essential services at the grass-root level is poor
- Total employment in the economy has increased in recent years
I and II correct | |
II and III correct | |
II, III and IV correct | |
I, III and IV correct |
Question 97 |
Which of the following are Government measures to deal with uncertainty in agriculture:
- Guaranteed agricultural prices
- Buffer stock schemes
- Crop insurance
- Foreign direct investment in agriculture
I and III | |
I, II and III | |
I, II and IV | |
I, III and IV |
Question 98 |
Match the following Towns in the List I with the Industries in the List II:
- List I List II
- Kalpakkam 1. News print
- Jharia 2. Oil refining
- Mathura 3. Coal mining
- Nepanagar 4. Nuclear power plant
4 2 1 3 | |
4 3 2 1 | |
1 2 3 4 | |
3 4 1 2 |
Question 99 |
In the total land area, the minimum forest cover, required to maintain the ecological balance is
50% | |
40% | |
33% | |
25% |
Question 100 |
Tamil Nadu State Economic Growth rate was ___ percentage in the year 2016-17.
6.74% | |
7.90% | |
7.94% | |
8.01% |
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