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