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Indian Economy Model Test 16 in English

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Indian Economy Model Test Questions 16 in English With Answer

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Question 1
From Sep. 2016 the new RBI Governor is
A
Urjit R. Patel
B
Raghuram Rajan
C
C. Rangarajan
D
Y.V Reddy
Question 2
The Headquarters of “APEC” is the headquarters of Asia- pacific Economic co-operation is
A
Abudhabi
B
Singapore
C
Geneva
D
Paris
Question 3
Match the following:
  1. Green revolution           1. Crops
  2. White revolution            2. Poultry
  3. Yellow revolution               3. Fruits
  4. Pink revolution                 4. Dairy farming
A
1 2 3 4
B
2 3 1 4
C
1 4 2 3
D
1 4 3 2
Question 4
Which policy envisages rapid industrialization with modernization for attaining rapid economic growth of GDP?
A
New Economic Policy
B
New Industrial Policy
C
New Agricultural Policy
D
Foreign Policy
Question 5
The level of malnutrition in all expenditure groups was higher in the
A
Hills area
B
Rural areas
C
Semi-urban areas
D
Urban areas
Question 6
“A Plan of Economic development” was popularly known as
A
National plan
B
People plan
C
Bombay plan
D
Gandhian plan
Question 7
“FIPB” refers to
A
Foreign Investment Paper Board
B
Foreign Investment Plastic Board
C
Foreign Investment Promotion Board
D
Foreign Investment Printing and Promotion Board
Question 8
Per capita Income means
A
National Income x Population
B
National income – Population
C
National income ÷ Population
D
National income + Population
Question 9
The percentage of SC population to the total population in India as per 2011 census is
A
16.6
B
16.2
C
16.0
D
17.4
Question 10
The programme associated with ‘Food for Work’ is
A
Antyodaya Anna Yojana
B
Annapurna Scheme
C
Save grain campaign
D
Sampoorna Gramin Rozgar Yojana
Question 11
Match the following and select the correct answer:
  1. Planning and the poor        1. P.V. Narashimma Rao
  2. Democratic socialism                 2. B.S. Minhas
  3. Second Five year plan                     3. Jawaharlal Nehru
  4. The New Economic policy, 1991         4. P.C. Mahalonobis
A
2 3 4 1
B
3 2 1 4
C
1 3 4 2
D
4 1 2 3
Question 12
Which of the following is not the other name for New Agricultural strategy?
A
Modern Agricultural Strategy
B
Seed-Fertilizer water Technology
C
Green Revolution
D
New Revolution
Question 13
Which of the following scheme aims at providing dwelling units free of cost to the poor families of scheduled castes and Scheduled Tribes?
A
Indira Awas Yojana
B
Antyodays Anna Yojana
C
Gra Sadak Yojan
D
Ambedkar Awas Yojana
Question 14
National policy on education announcement of free and compulsory education for children upto the age of 14 was based on the recommendations of
A
University Education Commission
B
Kothari Commission
C
Mehrotra committee
D
National Knowledge commission
Question 15
In India the proceeds of disinvestment has been put into consolidated  fund which is used for
A
Transport development and social sector scheme
B
Poverty alleviation
C
Employment generation
D
Meeting budget deficit
Question 16
The Uruguay Round Agreement was associated with the setting up of
A
WHO
B
WTO
C
WIPO
D
World Bank
Question 17
The rate of saving is low in India for the following reason.
  1. Low per capita income
  2. Poor performance and less contribution of public sector
  3. Poor contribution of Household sector
  4. Savings potential the rural sector not tapped fully.
A
I, II, IV are correct
B
I, II and III are correct
C
I, II , III and IV are correct
D
I, III and IV are correct
Question 18
Match the following
  1. Committee on Financial Sector Reforms         1. S.D. Tendulkar
  2. Committee on Financial Inclusion                     2. Raghuram Rajan
  3. Direct Taxes Enquiry Committee                       3. C. Rangarajan
  4. Methodology for Estimation of Poverty              4. Wanchoo
A
1 3 2 4
B
2 3 4 1
C
3 4 1 2
D
4 2 3 1
Question 19
The Gross Capital Formation (GCF) in Agriculture and allied sectors of India during 2010-11 was
A
9.7% of GDP
B
13.5% of GDP
C
16.1% of GDP
D
20.1% of GDP
Question 20
Which of the following is not a method of calculating National Income?
A
Income method
B
Saving method
C
Expenditure method
D
Product method
Question 21
Which one of the following public sector undertaking is not included in the nine unit Navaratna organized by Government of India?
A
ONGC
B
NTC
C
BHEL
D
HMT
Question 22
The second stage of demographic transition is characterized by
A
High birth rate and high death rate
B
High birth rate and falling death rate
C
Low birth rate and low death rate
D
Low birth rate and high death rate
Question 23
What are the components of Gross Domestic Capital formation?
A
Gross domestic savings and government borrowings
B
Gross domestic savings and foreign institutional investment
C
Gross domestic savings and foreign direct investment
D
Gross domestic savings and capital inflows and gross domestic fixed capital information and change in stock
Question 24
Match the following
  1. Hazari Report                               1. To inquire the working of licensing system in India
  2. Subimal committee                          2. Reviewed the working of industrial licensing                                                                     under Industries
  3. Rangarajan committee 1993               3. Problems of untimely and inadequate credit                                                                 availabilities to SSIs
  4. Nayek committee 1991                 4. Disinvestment of shares in PSEs
A
4 2 3 1
B
1 3 2 4
C
2 1 3 4
D
2 1 4 3
Question 25
Bad money drives out Good money was stated by
A
Queen Elizabeth
B
Alfred Marshall
C
Sir Thomas Gresham
D
Joan Robinson
Question 26
Which of the following is a direct tax?
A
Wealth tax
B
Income tax
C
Gift tax
D
All the above
Question 27
Mahatma Gandhi National Rural Employment Guarantee Act was implemented with effect from
A
2nd February 2006
B
2nd February 2007
C
2nd February 2008
D
2nf February 2009
Question 28
The Canons of public expenditure given by
A
Prof. Adam Smith
B
Prof. Shirras
C
Prof. Musgrave
D
Prof. Pigou
Question 29
RLEGP means
A
Rural Labourers Employment Guar Programme
B
Rural Landless Employment Guar Programme
C
Rural Land Owners Employment Guar Programme
D
Rural Landless Labourers Employment Guarantee Programme
Question 30
The Planning Commission was set up
A
1947
B
1948
C
1950
D
1951
Question 31
National Income Estimation, in India prepared by
A
Planning Commission
B
Reserve Bank of India
C
Central Finance Ministry
D
Central Statistical Organization
Question 32
The Universal Immunization Programme was introduced in India in the year
A
1975
B
1976
C
1977
D
1978
Question 33

In which year the Reserve Bank of India was established?

A
1934
B
1933
C
1935
D
1937
Question 34
Which year the Indira Priyadarshini Vriksha Mitra Award was instituted in the field of afforestation in India
A
1984
B
1985
C
1986
D
1987
Question 35
National Income in India is estimated by
A
Planning Commission
B
Finance Commission
C
Indian Statistical Institute
D
Central Statistical Organization
Question 36
Multinational corporations are also known as
A
Foreign direct Investment
B
International corporations
C
Transnational Corporations
D
Multilateral System
Question 37
Taxable capacity refers to the tax burden which the people can bear in a  country was given by
A
Prof Musgrave
B
Prof Josiah Stamp
C
Prof. Shirras
D
Prof. Adam Smith
Question 38
NTCP refers to
A
National Tuberclosis Control Programme
B
National Tobacco Control Programme
C
National Thyroid Control Programme
D
National Thermal Power Control Programme
Question 39
Match List  I with List II and select the correct answer using the codes given below:
  • List I                                             List II
  1. Mumbai                                      1. TRAI
  2. Delhi                                           2. VSNL
  3. Private sector                             3. MTNL
  4. Government of India                   4. BSNL
A
3 4 2 1
B
2 3 4 1
C
1 2 4 3
D
3 1 4 2
Question 40
Who was the chairman of the Fourteenth finance commission?
A
A.M. Khusro
B
Dr. Y.V. Reddy
C
N.K.P. Salve
D
Vijay Kelkar
Question 41
The Government of Maharashtra has first introduced the _________
A
Employment Guarantee scheme
B
Minimum wages act
C
Co-operative farming
D
20-point programme
Question 42
The total oil seeds production in India was _______mn. Tones in the year 2016-17.
A
32.10 Mn. Tones
B
35.10 Mn. Tones
C
36.20 Mn. Tones
D
35.80 Mn. Tones
Question 43
Which one of the following is the traditional small industry?
A
sugar industry
B
steel industry
C
khadi and handloom
D
jute industry
Question 44
Nehru-Mahalanobis model of development was introduced during this Five Year Plan
A
First five year plan
B
Second five year plan
C
Third five year plan
D
Fourth five year plan
Question 45
Reserve Bank of India was inaugurated in
A
April 1930
B
April 1935
C
April 1947
D
April 1950
Question 46
The “People’s plan” was formulated by
A
Mahalanobis
B
Jawaharlal Nehru
C
M.N. Roy
D
B.S. Minhas
Question 47
Union Government estimated that the fiscal deficit was expected to decline to ______percent of GDP in 2017-18 Budget.
A
2.9 percent
B
3.0 percent
C
3.2 percent
D
3.5 percent
Question 48
India ranks in which position in Global Innovation Index 2017?
A
60th
B
10th
C
14th
D
100th
Question 49
Which e-commerce company has tied up with Union Ministry of textiles to promote handloom industry in October 2017?
A
Myntra
B
Home shop 18
C
Amazon
D
India Times
Question 50
Which one of the following is a public Sector Organization?
A
FCI – Food Corporation of India
B
FCI- Fertilizer, Corporation of India
C
JCI – Jute Corporation of India
D
All the above
Question 51
Adam Smith’s famous book “Wealth of Nations” was published in the year
A
1771
B
1773
C
1775
D
1776
Question 52
The Kisan Credit Card Scheme was introduced in India, in the year
A
1996-97
B
1997-98
C
1998-99
D
1999-2000
Question 53
The Essential Commodities Act was enacted in India in the year
A
1950
B
1951
C
1953
D
1955
Question 54
Consider the following pairs:
  1. Adam Smith - Canon of Equity
  2. Ricardo - Canon of economy
  3. J.S. Mill          - Employment
Which of the pair given above is/are correct?
A
I only
B
I and II
C
II and III
D
II only
Question 55
The National Wastelands Development Board was set up in India, in the year
A
1982
B
1984
C
1985
D
1986
Question 56
The tax system in which both tax and tax base are positively realated
A
Proportional Tax
B
Progressive Tax
C
Regressive Tax
D
Degressive Tax
Question 57
When was National Planning Commission set up by Central Government?
  1. March 1947 II. March 1948 III. March 1949          IV. March 1950
A
I only
B
II only
C
III only
D
IV only
Question 58
The recommendations of 15th Finance Commission will be effect from which date?
A
January 1, 2018
B
April 1, 2018
C
April 1, 2020
D
January 1, 2020
Question 59
Which State Government has launched Gyankunj e-class project?
A
Andhra Pradesh
B
Delhi
C
Kerala
D
Gujarat
Question 60
The Union Ministry of health and tamily welfare and ICMR launched IHMI on November 28-2017. What does IHMI stands for?
A
India Hypertension Management Initiative
B
India Health Management Initiative
C
Indian Heart and Mind Care Intellect
D
India Health Maintenance Initiative
Question 61
Which commission sets up international food standard?
A
Codex Alimentations Commission
B
Food and Agricultural Commission
C
World Health Commission
D
I.S.I
Question 62
Supply is constant in
A
Short period
B
Very short period
C
Long period
D
Very long period
Question 63
Agricultural productivity can be measured in terms of
A
Consumption of fertilizers and labour productivity
B
Irrigational facilities
C
Land and labour productivity
D
Mechanization
Question 64
The classical economists believed in ______policy.
A
Free trade
B
Industrial
C
Export and Import
D
Commerce
Question 65
Mention the floriculture centre started recently under the Indo Israel joint agreement on agricultural project.
A
Thovalai, Kanyakumari District
B
Thally, Krishnagiri District
C
Anna Nagar, Chennai
D
Connoor, Nilgiri District
Question 66
The Planning Commission in India is now known as
A
Planning Council
B
NITI Aayog
C
NITI Sanjog
D
Bharatiya Aayog Mandal
Question 67
Who among the following has been appointed as the Deputy Director General for Programme of the World Health Organization?
A
Nisha Desai Biswal
B
Dineshwar Sharma
C
Soumya Swaminathan
D
Gautam Bewbawala
Question 68
In order to encourage the powerloom sector and help small industries, and joint venture launched by the ministry of powerloom and textiles in 2017 is called
A
SAMPRADA
B
DOST
C
AARAKSHAN
D
SAATHI
Question 69
Where was the Fourth World Tamil’s Economic Conference held?
A
Coimbatore
B
Kualalumpur
C
Singapore
D
Durban
Question 70
Entrepreneurship Development Programme (EDP) is associated with
A
Eradication of illiteracy
B
To make and prove women’s potential
C
To bring out the talents of women
D
Eradication of poverty
Question 71
New Agricultural Price Policy was announced in the year
A
1984
B
1976
C
1996
D
1986
Question 72
The birth of economics of education was announced by
A
Marshall
B
Karl Marx
C
Schultz
D
Keynes
Question 73
Match it
  1. Basic goods                 1. Cycle, refrigerators
  2. Capital goods                2. Plywood, Pipe
  3. Consumer goods               3. Fertilizers and chemicals
  4. Intermediate goods             4. Machineries, engineering goods
A
4 3 2 1
B
3 2 1 4
C
2 3 4 1
D
3 4 1 2
Question 74
Match
  1. First Five Year Plan                1. Equity and social justice
  2. Second Five Year Plan           2. Removal of poverty
  3. Fifth Five Year Plan               3. Rapid Industrialization
  4. Tenth Five Year Plan               4. Agriculture
A
4 3 1 2
B
3 4 1 2
C
4 3 2 1
D
2 3 4 1
Question 75
What is the name of the scheme for socio-economic development and empowerment of women through self help groups?
A
Janani Suraksha
B
Swayam Sidha
C
Ganga Kalyan Yojana
D
Sarva Shiksha Abhiyan
Question 76
Among these which is not the function of commercial bank
A
Accepting the deposits
B
Advancing of loans
C
Bankers agent and advisor to the Government
D
Creation of money or credit
Question 77
“National Development Council”(NDC) was  formed in
A
1952
B
1962
C
1963
D
1973
Question 78
Match List I with List II and choose the correct answer from the codes given below:
  • List I                                                         List II
  1. NITI Aayog                                               1. 15.03.1950
  2. National Development Council                 2. 22.11.1951
  3. Finance Commission                                3. 01.01.2015
  4. Planning Commission                              4. 06.08.1952
A
2 1 4 3
B
4 2 3 1
C
3 4 2 1
D
1 3 4 2
Question 79
Who was the Chairman of First Planning Commission in India?
A
Dr. Manmohan Singh
B
Jawaharlal Nehru
C
V.P. Singh
D
Morarji Desai
Question 80
The Headquarters of World Trade Organization is in
A
Geneva
B
Montreal
C
Seattle
D
Washington DC
Question 81
Indian State Financial Corporations have given assistance mainly to develop
A
Small- Scale Industries
B
Medium – Scale Industries
C
Medium and Small Scale Industries
D
Irrigation projects
Question 82
In India, bank notes of value 500 and 1000 were withdrawn from on the midnight of
A
5th November 2016
B
8th November 2016
C
10th November 2016
D
15th November 2016
Question 83
Match the following
  • Finance Commission                     Chairman
  1. First FC                                    1. K.C. Pant
  2. Fourth FC                               2. K.C. Neogy
  3. Tenth FC                                3.C. Rangarajan
  4. Twelfth FC                              4. P.V. Rajmannar
A
2 4 1 3
B
1 3 2 4
C
3 2 4 1
D
4 1 3 2
Question 84
According to 2011 census, the density of population in India is
A
382 persons per sq km
B
324 persons per sq km
C
267 persons per sq km
D
117 persons per sq km
Question 85
14  major banks were nationalized in India in the year
A
1949
B
1959
C
1969
D
1968
Question 86
Open market operations of RBI refers to
A
Buying of eligible securities
B
Selling of eligible securities
C
Buying and selling of eligible securities
D
The control of money circulation
Question 87
Which of the following is the determinants of population of growth?
A
agriculture and industrial revolution
B
improvements in medical care
C
protection from the natural calamity
D
all are correct
Question 88
The literacy rate in India in 1991 was
A
75.85
B
54.16
C
65.38
D
52.10
Question 89
Name the economists who got the  first Nobel prize for the econometrics
A
Marshall and Samuvelson
B
Richardo and Knight
C
Kicks and Dalton
D
Jan Tinbergen and Ragnar Frisch
Question 90
“The laws of economics are to be compared with the laws of tides rather than with the simple and exact law of gravitation” by
A
Marchall
B
Adam Smith
C
Keynes
D
Richardo
Question 91
Reserve Bank of India started in the year
A
1947
B
1955
C
1935
D
1972
Question 92
Which state of India is the largest Tea producer?
A
Tamilnadu
B
Kerala
C
Assam
D
Karnataka
Question 93
“Pragati” Scholarship scheme of the Government of India is meant for
A
Higher education of girls
B
Technical education of girls
C
Secondary education of girls
D
Elementary education of girls
Question 94
Which one of the following is not included in the National Air Quality Index?
A
Sulpur
B
Nitrogen di oxide
C
Lead
D
Methane
Question 95
In recent times unaccounted money has been used for financing ______ dealings
A
Transaction
B
Precautionary
C
Speculative
D
Cheap money
Question 96
_______ is sometimes recommended as a remedy for depression.
A
Creeping inflation
B
Cost push inflation
C
Price control
D
Wage cut
Question 97
Match it:
  1. Prof. Dimock             1. Budget
  2. Prof. Fisher               2. Public finance
  3. Prof. Seligman          3. Equation of exchange
  4. Prof. Daiton               4. Tax
A
1 3 4 2
B
1 2 4 3
C
3 1 2 4
D
4 3 2 1
Question 98
Setting up of national clean development mechanism authority as per
A
Kyoto protocol
B
Coastal regulation zone
C
National chemical management
D
National environment policy
Question 99
Arrange the pattern of Industrial growth in India correctly.
  1. Intermediate goods
  2. Basic goods
  3. Capital goods
  4. Consumer goods
A
3, 1, 2, 4
B
2, 1, 3, 4
C
3, 2, 4, 1
D
2, 3, 4, 1
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