Indian Economy Model Test 1 in English

Income Tax and property tax are called

The major source of revenue to the government is

In a free economy inequalities of income are mainly due to

Land Ceiling Legislation was introduced by the State Government during the __________ plan

To which categories of rural population the IRDP directed?

What are the causes of urbanization in India?

Public dept refers to

Inflation is caused by

Which of the following is the most important document of the company?

In the case of fire insurance

Audit of Joint stock companies is conducted in order to

The number of subordinates who can be successfully directed by a superior is called

The Industrial Finance Corporation of India provides assistance only to

Job evaluation is

If files arranged side by side, it is called

Vouching relates to

Under instalment trading ownership passes to the buyer

The maximum number of partners allowed in a banking business is

Debenture holders of a company are its

Which one of the following is correctly matched?

Consider the following statements:

1. Co-operative organisations are non-profit making body
2. Co-operative societies are functioning with the direction of their departments
3. The Principles of co-operation may be contrary to the Co-operative Act some times.
4. Co-operative Movement is the old one of the statements:

The minimum number of members in a Co-operative society in TamilNadu is

A Bill of Exchange contains

The Reserve Bank of India was started in the year

Consider the following statements:

1. Profit is the reward for uncertainty bearing
2. Profit is the reward for risk bearing
3. Profit is the reward for capital
4. Profit is the reward for labour

Of the statements:

NABARD is a

Match list I with list II correctly and select your answer using the codes given below: List I                                 List II

1. Adam Smith 1. Scarcity
2. Marshall 2. Growth
3. Robbins 3. Welfare
4. Samuelson 4.Wealth

Barter System means

Which one of the following is correctly matched?

TRYSEM deals with the training of

A certain percentage of the sum assured is paid periodically according to the terms of the policy

Which of the following is correctly matched?

Internal trade means

In Monopoly Pricing there will be

What is the life blood of commerce?

Sugar Industry can be classified under

One of the basic characteristics of an under-developed economy is

The period of English Five year Plan is

UTI is associated with

Environomics deals with inter-relationship between environment and

Food for work programme was introduced during the

The State where most people are living below poverty line is

Overdraft facility is available for those who have

The part of capital which is not represented by assets is called

Custodian of foreign exchange is

State Bank of India was nationalised in the year

Single entry system of book keeping means

The closing stock should be valued at

Equity shareholders are the Company’s

The relationship between the consignor and the consignee is that of

Consider the following statements:

• Bank accepts deposit
• Bank issues loans and advances
• Bank is one of the financial institutions
• Bank are working under the direction of the R.B.I.

Of the statements:

The document which authorises to release of a portion of goods from the warehouse is called

Federal Finance deals with

National income in India is computed by the

Saving is determined by

The book planned Economy of India I  1934 was written by

The Industries (Regulation and Development) Act was introduced in

National Rural Employment programme was introduced during

The author who made the statement: “Foreign trade in an engine of Growth” was

Seasonal unemployment occurs due to

Jawahar Rojgar Yojana was introduced in

Which of the following are the main causes of slow growth of per capita income in India?

1. High rate of capital formation
2. High level of fiscal deficits
3. High rate of growth of population
4. High capital output ratio

Which one of the following will directly increase GNP?

Expenditure on defence is an item of

Total outlay planned for public sector during the Eighth Plan (Rs. in Crores) is

Long –terms loans in India’s Co-operative structure are extended by

The core slogan of the Seventh Plan was

Which of the following are among the non-Plan expenditures of the Government of India?

1. Defence expenditures
2. Subsides
3. All expenditures linked with the previous plan periods
4. Interest payment

India had a plan holiday between

Which sector’s contribution of National Income is declining in India in recent years?

Large Scale industries are those industries where the investment on plan and machinery needed is

Which of the following socio-economic factors tend to keep birth rate in India at a high level

1. Poverty II. Joint family system

III. Urbanisation               IV. University of marriage Select your answer:

Which of the following are the cause of low productivity in Indian Agriculture?

1. Land ceiling II. Rainfed areas

III. Rural industrialisation            IV. Sub-division and fragmentation of land holding Select your answer:

The new name of Agricultural Prices Commission is

SIDCO is related to the development of

CART was set up in 1982 to

Which of the following programmes were started during the Sixth Five Year Plan?

1. NREP II. RLEGP III. IRDP                    IV. JRY

Select your answer:

Match List I with List II correctly and select your answer using the codes given below List I                                                                     List II

1. MRTP 1. 1951
2. Long term Fiscal Policy 2. 1965
3. Agricultural Prices Commission 3. 1970
4. Industries (Development and Regulation) Act 4. 1985

Match List I with List II correctly and select your answer using the codes given below: List I(Committee)                         List II (Purpose)

1. Dutt 1. Industrial Licensing Committee
2. Wanchoo Committee 2. Direct Taxes
3. Rajamannar Committee 3. Centre-State Fiscal Relation
4. Charkravarthy Committee 4. Monetary System

Disguised unemployment refers to

Food for work programme was introduced during the

Which one of the following is correctly matched?

The national income in India is estimated by the

Which of the following is the largest Mutual Fund Organisation in India?

India suffered from first oil shock in

The ‘Garibi Hatao’ Slogan was coined during the

The open market operations refer to the sale and purchase by the RBI of

The Dunkel Draft was first submitted in its comprehensive form for consideration in

Indian rupee was last devalued in

Which of the following factors led to the failure of the Third Plan?

1. Chinese aggression II. Indo-Pak conflict

III. Devaluation of rupee              IV. Poor monsoons Select your answer

Which of the following features of Indian Economy cause problems in the measurement at national income?

1. Illiteracy II. Rapid growth of public sector

III. Non-monetised consumption in the villages  IV. People holding multiple jobs. Select your answer:

The purpose of the tenancy reform legislation was to

1. Chinese aggression II. Indo-Pak conflict

III. Devaluation of rupee              IV. Poor monsoons Select your answer

Per capita income has been the highest so far in

The major factor that determines industrial productivity is

The important factor that hinders industrialization in underdeveloped countries is

The important factor responsible for low productivity in agriculture is

A noticeable feature of our industrial development has been the

The most important source of energy in India is

The backbone of all economic activities is

The most rigidly government controlled industry in India is