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Indian Economy Model Test 16 in English
Indian Economy Model Test Questions 16 in English With Answer
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Question 1 |
From Sep. 2016 the new RBI Governor is
Urjit R. Patel | |
Raghuram Rajan | |
C. Rangarajan | |
Y.V Reddy |
Question 2 |
The Headquarters of “APEC” is the headquarters of Asia- pacific Economic co-operation is
Abudhabi | |
Singapore | |
Geneva | |
Paris |
Question 3 |
Match the following:
- Green revolution 1. Crops
- White revolution 2. Poultry
- Yellow revolution 3. Fruits
- Pink revolution 4. Dairy farming
1 2 3 4 | |
2 3 1 4 | |
1 4 2 3 | |
1 4 3 2 |
Question 4 |
Which policy envisages rapid industrialization with modernization for attaining rapid economic growth of GDP?
New Economic Policy | |
New Industrial Policy | |
New Agricultural Policy | |
Foreign Policy |
Question 5 |
The level of malnutrition in all expenditure groups was higher in the
Hills area | |
Rural areas | |
Semi-urban areas | |
Urban areas |
Question 6 |
“A Plan of Economic development” was popularly known as
National plan | |
People plan | |
Bombay plan | |
Gandhian plan |
Question 7 |
“FIPB” refers to
Foreign Investment Paper Board | |
Foreign Investment Plastic Board | |
Foreign Investment Promotion Board | |
Foreign Investment Printing and Promotion Board |
Question 8 |
Per capita Income means
National Income x Population | |
National income – Population | |
National income ÷ Population | |
National income + Population |
Question 9 |
The percentage of SC population to the total population in India as per 2011 census is
16.6 | |
16.2 | |
16.0 | |
17.4 |
Question 10 |
The programme associated with ‘Food for Work’ is
Antyodaya Anna Yojana | |
Annapurna Scheme | |
Save grain campaign | |
Sampoorna Gramin Rozgar Yojana |
Question 11 |
Match the following and select the correct answer:
- Planning and the poor 1. P.V. Narashimma Rao
- Democratic socialism 2. B.S. Minhas
- Second Five year plan 3. Jawaharlal Nehru
- The New Economic policy, 1991 4. P.C. Mahalonobis
2 3 4 1 | |
3 2 1 4 | |
1 3 4 2 | |
4 1 2 3 |
Question 12 |
Which of the following is not the other name for New Agricultural strategy?
Modern Agricultural Strategy | |
Seed-Fertilizer water Technology | |
Green Revolution | |
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?
Indira Awas Yojana | |
Antyodays Anna Yojana | |
Gra Sadak Yojan | |
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
University Education Commission | |
Kothari Commission | |
Mehrotra committee | |
National Knowledge commission |
Question 15 |
In India the proceeds of disinvestment has been put into consolidated fund which is used for
Transport development and social sector scheme | |
Poverty alleviation | |
Employment generation | |
Meeting budget deficit |
Question 16 |
The Uruguay Round Agreement was associated with the setting up of
WHO | |
WTO | |
WIPO | |
World Bank |
Question 17 |
The rate of saving is low in India for the following reason.
- Low per capita income
- Poor performance and less contribution of public sector
- Poor contribution of Household sector
- Savings potential the rural sector not tapped fully.
I, II, IV are correct | |
I, II and III are correct | |
I, II , III and IV are correct | |
I, III and IV are correct |
Question 18 |
Match the following
- Committee on Financial Sector Reforms 1. S.D. Tendulkar
- Committee on Financial Inclusion 2. Raghuram Rajan
- Direct Taxes Enquiry Committee 3. C. Rangarajan
- Methodology for Estimation of Poverty 4. Wanchoo
1 3 2 4 | |
2 3 4 1 | |
3 4 1 2 | |
4 2 3 1 |
Question 19 |
The Gross Capital Formation (GCF) in Agriculture and allied sectors of India during 2010-11 was
9.7% of GDP | |
13.5% of GDP | |
16.1% of GDP | |
20.1% of GDP |
Question 20 |
Which of the following is not a method of calculating National Income?
Income method | |
Saving method | |
Expenditure method | |
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?
ONGC | |
NTC | |
BHEL | |
HMT |
Question 22 |
The second stage of demographic transition is characterized by
High birth rate and high death rate | |
High birth rate and falling death rate | |
Low birth rate and low death rate | |
Low birth rate and high death rate |
Question 23 |
What are the components of Gross Domestic Capital formation?
Gross domestic savings and government borrowings | |
Gross domestic savings and foreign institutional investment | |
Gross domestic savings and foreign direct investment | |
Gross domestic savings and capital inflows and gross domestic fixed capital information and change in stock |
Question 24 |
Match the following
- Hazari Report 1. To inquire the working of licensing system in India
- Subimal committee 2. Reviewed the working of industrial licensing under Industries
- Rangarajan committee 1993 3. Problems of untimely and inadequate credit availabilities to SSIs
- Nayek committee 1991 4. Disinvestment of shares in PSEs
4 2 3 1 | |
1 3 2 4 | |
2 1 3 4 | |
2 1 4 3 |
Question 25 |
Bad money drives out Good money was stated by
Queen Elizabeth | |
Alfred Marshall | |
Sir Thomas Gresham | |
Joan Robinson |
Question 26 |
Which of the following is a direct tax?
Wealth tax | |
Income tax | |
Gift tax | |
All the above |
Question 27 |
Mahatma Gandhi National Rural Employment Guarantee Act was implemented with effect from
2nd February 2006 | |
2nd February 2007 | |
2nd February 2008 | |
2nf February 2009 |
Question 28 |
The Canons of public expenditure given by
Prof. Adam Smith | |
Prof. Shirras | |
Prof. Musgrave | |
Prof. Pigou |
Question 29 |
RLEGP means
Rural Labourers Employment Guar Programme | |
Rural Landless Employment Guar Programme | |
Rural Land Owners Employment Guar Programme | |
Rural Landless Labourers Employment Guarantee Programme |
Question 30 |
The Planning Commission was set up
1947 | |
1948 | |
1950 | |
1951 |
Question 31 |
National Income Estimation, in India prepared by
Planning Commission | |
Reserve Bank of India | |
Central Finance Ministry | |
Central Statistical Organization |
Question 32 |
The Universal Immunization Programme was introduced in India in the year
1975 | |
1976 | |
1977 | |
1978 |
Question 33 |
In which year the Reserve Bank of India was established?
1934 | |
1933 | |
1935 | |
1937 |
Question 34 |
Which year the Indira Priyadarshini Vriksha Mitra Award was instituted in the field of afforestation in India
1984 | |
1985 | |
1986 | |
1987 |
Question 35 |
National Income in India is estimated by
Planning Commission | |
Finance Commission | |
Indian Statistical Institute | |
Central Statistical Organization |
Question 36 |
Multinational corporations are also known as
Foreign direct Investment | |
International corporations | |
Transnational Corporations | |
Multilateral System |
Question 37 |
Taxable capacity refers to the tax burden which the people can bear in a country was given by
Prof Musgrave | |
Prof Josiah Stamp | |
Prof. Shirras | |
Prof. Adam Smith |
Question 38 |
NTCP refers to
National Tuberclosis Control Programme | |
National Tobacco Control Programme | |
National Thyroid Control Programme | |
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
- Mumbai 1. TRAI
- Delhi 2. VSNL
- Private sector 3. MTNL
- Government of India 4. BSNL
3 4 2 1 | |
2 3 4 1 | |
1 2 4 3 | |
3 1 4 2 |
Question 40 |
Who was the chairman of the Fourteenth finance commission?
A.M. Khusro | |
Dr. Y.V. Reddy | |
N.K.P. Salve | |
Vijay Kelkar |
Question 41 |
The Government of Maharashtra has first introduced the _________
Employment Guarantee scheme | |
Minimum wages act | |
Co-operative farming | |
20-point programme |
Question 42 |
The total oil seeds production in India was _______mn. Tones in the year 2016-17.
32.10 Mn. Tones | |
35.10 Mn. Tones | |
36.20 Mn. Tones | |
35.80 Mn. Tones |
Question 43 |
Which one of the following is the traditional small industry?
sugar industry | |
steel industry | |
khadi and handloom | |
jute industry |
Question 44 |
Nehru-Mahalanobis model of development was introduced during this Five Year Plan
First five year plan | |
Second five year plan | |
Third five year plan | |
Fourth five year plan |
Question 45 |
Reserve Bank of India was inaugurated in
April 1930 | |
April 1935 | |
April 1947 | |
April 1950 |
Question 46 |
The “People’s plan” was formulated by
Mahalanobis | |
Jawaharlal Nehru | |
M.N. Roy | |
B.S. Minhas |
Question 47 |
Union Government estimated that the fiscal deficit was expected to decline to ______percent of GDP in 2017-18 Budget.
2.9 percent | |
3.0 percent | |
3.2 percent | |
3.5 percent |
Question 48 |
India ranks in which position in Global Innovation Index 2017?
60th | |
10th | |
14th | |
100th |
Question 49 |
Which e-commerce company has tied up with Union Ministry of textiles to promote handloom industry in October 2017?
Myntra | |
Home shop 18 | |
Amazon | |
India Times |
Question 50 |
Which one of the following is a public Sector Organization?
FCI – Food Corporation of India | |
FCI- Fertilizer, Corporation of India | |
JCI – Jute Corporation of India | |
All the above |
Question 51 |
Adam Smith’s famous book “Wealth of Nations” was published in the year
1771 | |
1773 | |
1775 | |
1776 |
Question 52 |
The Kisan Credit Card Scheme was introduced in India, in the year
1996-97 | |
1997-98 | |
1998-99 | |
1999-2000 |
Question 53 |
The Essential Commodities Act was enacted in India in the year
1950 | |
1951 | |
1953 | |
1955 |
Question 54 |
Consider the following pairs:
- Adam Smith - Canon of Equity
- Ricardo - Canon of economy
- J.S. Mill - Employment
I only | |
I and II | |
II and III | |
II only |
Question 55 |
The National Wastelands Development Board was set up in India, in the year
1982 | |
1984 | |
1985 | |
1986 |
Question 56 |
The tax system in which both tax and tax base are positively realated
Proportional Tax | |
Progressive Tax | |
Regressive Tax | |
Degressive Tax |
Question 57 |
When was National Planning Commission set up by Central Government?
- March 1947 II. March 1948 III. March 1949 IV. March 1950
I only | |
II only | |
III only | |
IV only |
Question 58 |
The recommendations of 15th Finance Commission will be effect from which date?
January 1, 2018 | |
April 1, 2018 | |
April 1, 2020 | |
January 1, 2020 |
Question 59 |
Which State Government has launched Gyankunj e-class project?
Andhra Pradesh | |
Delhi | |
Kerala | |
Gujarat |
Question 60 |
The Union Ministry of health and tamily welfare and ICMR launched IHMI on November 28-2017. What does IHMI stands for?
India Hypertension Management Initiative | |
India Health Management Initiative | |
Indian Heart and Mind Care Intellect | |
India Health Maintenance Initiative |
Question 61 |
Which commission sets up international food standard?
Codex Alimentations Commission | |
Food and Agricultural Commission | |
World Health Commission | |
I.S.I |
Question 62 |
Supply is constant in
Short period | |
Very short period | |
Long period | |
Very long period |
Question 63 |
Agricultural productivity can be measured in terms of
Consumption of fertilizers and labour productivity | |
Irrigational facilities | |
Land and labour productivity | |
Mechanization |
Question 64 |
The classical economists believed in ______policy.
Free trade | |
Industrial | |
Export and Import | |
Commerce |
Question 65 |
Mention the floriculture centre started recently under the Indo Israel joint agreement on agricultural project.
Thovalai, Kanyakumari District | |
Thally, Krishnagiri District | |
Anna Nagar, Chennai | |
Connoor, Nilgiri District |
Question 66 |
The Planning Commission in India is now known as
Planning Council | |
NITI Aayog | |
NITI Sanjog | |
Bharatiya Aayog Mandal |
Question 67 |
Who among the following has been appointed as the Deputy Director General for Programme of the World Health Organization?
Nisha Desai Biswal | |
Dineshwar Sharma | |
Soumya Swaminathan | |
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
SAMPRADA | |
DOST | |
AARAKSHAN | |
SAATHI |
Question 69 |
Where was the Fourth World Tamil’s Economic Conference held?
Coimbatore | |
Kualalumpur | |
Singapore | |
Durban |
Question 70 |
Entrepreneurship Development Programme (EDP) is associated with
Eradication of illiteracy | |
To make and prove women’s potential | |
To bring out the talents of women | |
Eradication of poverty |
Question 71 |
New Agricultural Price Policy was announced in the year
1984 | |
1976 | |
1996 | |
1986 |
Question 72 |
The birth of economics of education was announced by
Marshall | |
Karl Marx | |
Schultz | |
Keynes |
Question 73 |
Match it
- Basic goods 1. Cycle, refrigerators
- Capital goods 2. Plywood, Pipe
- Consumer goods 3. Fertilizers and chemicals
- Intermediate goods 4. Machineries, engineering goods
4 3 2 1 | |
3 2 1 4 | |
2 3 4 1 | |
3 4 1 2 |
Question 74 |
Match
- First Five Year Plan 1. Equity and social justice
- Second Five Year Plan 2. Removal of poverty
- Fifth Five Year Plan 3. Rapid Industrialization
- Tenth Five Year Plan 4. Agriculture
4 3 1 2 | |
3 4 1 2 | |
4 3 2 1 | |
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?
Janani Suraksha | |
Swayam Sidha | |
Ganga Kalyan Yojana | |
Sarva Shiksha Abhiyan |
Question 76 |
Among these which is not the function of commercial bank
Accepting the deposits | |
Advancing of loans | |
Bankers agent and advisor to the Government | |
Creation of money or credit |
Question 77 |
“National Development Council”(NDC) was formed in
1952 | |
1962 | |
1963 | |
1973 |
Question 78 |
Match List I with List II and choose the correct answer from the codes given below:
- List I List II
- NITI Aayog 1. 15.03.1950
- National Development Council 2. 22.11.1951
- Finance Commission 3. 01.01.2015
- Planning Commission 4. 06.08.1952
2 1 4 3 | |
4 2 3 1 | |
3 4 2 1 | |
1 3 4 2 |
Question 79 |
Who was the Chairman of First Planning Commission in India?
Dr. Manmohan Singh | |
Jawaharlal Nehru | |
V.P. Singh | |
Morarji Desai |
Question 80 |
The Headquarters of World Trade Organization is in
Geneva | |
Montreal | |
Seattle | |
Washington DC |
Question 81 |
Indian State Financial Corporations have given assistance mainly to develop
Small- Scale Industries | |
Medium – Scale Industries | |
Medium and Small Scale Industries | |
Irrigation projects |
Question 82 |
In India, bank notes of value 500 and 1000 were withdrawn from on the midnight of
5th November 2016 | |
8th November 2016 | |
10th November 2016 | |
15th November 2016 |
Question 83 |
Match the following
- Finance Commission Chairman
- First FC 1. K.C. Pant
- Fourth FC 2. K.C. Neogy
- Tenth FC 3.C. Rangarajan
- Twelfth FC 4. P.V. Rajmannar
2 4 1 3 | |
1 3 2 4 | |
3 2 4 1 | |
4 1 3 2 |
Question 84 |
According to 2011 census, the density of population in India is
382 persons per sq km | |
324 persons per sq km | |
267 persons per sq km | |
117 persons per sq km |
Question 85 |
14 major banks were nationalized in India in the year
1949 | |
1959 | |
1969 | |
1968 |
Question 86 |
Open market operations of RBI refers to
Buying of eligible securities | |
Selling of eligible securities | |
Buying and selling of eligible securities | |
The control of money circulation |
Question 87 |
Which of the following is the determinants of population of growth?
agriculture and industrial revolution | |
improvements in medical care | |
protection from the natural calamity | |
all are correct |
Question 88 |
The literacy rate in India in 1991 was
75.85 | |
54.16 | |
65.38 | |
52.10 |
Question 89 |
Name the economists who got the first Nobel prize for the econometrics
Marshall and Samuvelson | |
Richardo and Knight | |
Kicks and Dalton | |
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
Marchall | |
Adam Smith | |
Keynes | |
Richardo |
Question 91 |
Reserve Bank of India started in the year
1947 | |
1955 | |
1935 | |
1972 |
Question 92 |
Which state of India is the largest Tea producer?
Tamilnadu | |
Kerala | |
Assam | |
Karnataka |
Question 93 |
“Pragati” Scholarship scheme of the Government of India is meant for
Higher education of girls | |
Technical education of girls | |
Secondary education of girls | |
Elementary education of girls |
Question 94 |
Which one of the following is not included in the National Air Quality Index?
Sulpur | |
Nitrogen di oxide | |
Lead | |
Methane |
Question 95 |
In recent times unaccounted money has been used for financing ______ dealings
Transaction | |
Precautionary | |
Speculative | |
Cheap money |
Question 96 |
_______ is sometimes recommended as a remedy for depression.
Creeping inflation | |
Cost push inflation | |
Price control | |
Wage cut |
Question 97 |
Match it:
- Prof. Dimock 1. Budget
- Prof. Fisher 2. Public finance
- Prof. Seligman 3. Equation of exchange
- Prof. Daiton 4. Tax
1 3 4 2 | |
1 2 4 3 | |
3 1 2 4 | |
4 3 2 1 |
Question 98 |
Setting up of national clean development mechanism authority as per
Kyoto protocol | |
Coastal regulation zone | |
National chemical management | |
National environment policy |
Question 99 |
Arrange the pattern of Industrial growth in India correctly.
- Intermediate goods
- Basic goods
- Capital goods
- Consumer goods
3, 1, 2, 4 | |
2, 1, 3, 4 | |
3, 2, 4, 1 | |
2, 3, 4, 1 |
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