Friday, June 8, 2012

INDIAN ECONOMY PRACTICE MCQs


1. Which State/Union Territory has been placed at the top in the list of per capita income for the year 2006-07 ?

(A) Gujarat

(B) Chandigarh

(C) Punjab

(D) Delhi

2. According to 2001 census, Indian Population was—

(A) 98·7 crore

(B) 100·0 crore

(C) 102·9 crore

(D) 105·7 crore

3. Which Union Territory ensured Lowest Population in 2001 census ?

(A) Delhi

(B) Chandigarh

(C) Puducherry

(D) Lakshadweep

4. The new Brand Ambassador for BSNL is—

(A) Sachin Tendulkar

(B) Preeti Zinta

(C) Deepika Padukone

(D) Mahendra Singh Dhoni

5. The headquarters of Asian Development Bank (ADB) is at—

(A) Singapore

(B) Manila

(C) Hong Kong

(D) Tokyo

6. Public Sector banks have launched the home loan schemes in which home loans between Rs. 5-20 lakh will be given at the rate of interest—

(A) 8·5%

(B) 9·0%

(C) 9·25%

(D) 9·5%

7. For arresting the phase of depression in the economy in its fiscal stimulus, government has announced a CENVAT cut of—

(A) 4%

(B) 3%

(C) 2%

(D) 1%

8. The aim of Differentiated Interest Scheme was to provide concessional loans to—

(A) Weaker Section of Society

(B) Public Sector Industries

(C) Public Limited Companies

(D) Big Exporters

9. What is ‘Stagflation’ ?

(A) Inflation with growth

(B) Deflation with growth

(C) Inflation after deflations

(D) Inflation with depression

10. Which Indian plan ensured high growth rate as compared with targeted growth rate ?

(A) Fifth Plan

(B) Fourth Plan

(C) Second Plan

(D) Eighth Plan

11. The government is preparing Devolution Index which will measure social empowerment of people at the—

(A) Panchayat level

(B) Block level

(C) District level

(D) State level

12. At present the central issue price for wheat for families BPL (below poverty line) is—

(A) Rs. 250 per Qt.

(B) Rs. 415 per Qt.

(C) Rs. 500 per Qt.

(D) Rs. 900 per Qt.

13. Which committee was constituted for reforms in tax-structure ?

(A) Narsimham Committee

(B) Chelliah Committee

(C) Gadgil Committee

(D) Kelkar Committee

14. Narsimham Committee was related to—

(A) High Education Reforms

(B) Tax Structure Reforms

(C) Banking Structure Reforms

(D) Planning Implementation Reforms

15. The Slogan ‘Garibi Hatao’ was included in—

(A) First Plan

(B) Fifth Plan

(C) Fourth Plan

(D) Second Plan

16. KVIC (Khadi and Village Industry Commission) was established in—

(A) Third Plan

(B) Fourth Plan

(C) Second Plan

(D) First Plan

17. Which year was declared as Customer’s Satisfaction Year by Railways?

(A) 2000-01

(B) 2001-02

(C) 2002-03

(D) 2003-04

18. The main security guard of International Trade is—

(A) IMF

(B) World Bank

(C) WTO

(D) IFC

19. Which is true for existing Economic and Industrial Policies of Indian Govt.?

(1) FERA was abolished

(2) MRTP was abolished

(3) Cash compensatory support for exports was abolished

(4) Industrial licensing (except a few goods) was abolished

(A) 1, 2, 3 and 4

(B) 1, 3 and 4

(C) only 3 and 4

(D) only 2 and 3

20. After a cut of 50 basis points in Repo rate on March 4, 2009. The repo rate w.e.f. March 4, 2009 stands at—

(A) 4.5%

(B) 5.0%

(C) 6.0%

(D) 5.5%

21. An expert committee on climate change has been formed by the Ministry of Environment and Forest under the chairmanship of—

(A) R. Chidambaram

(B) V. Siddhartha

(C) A. Raja

(D) Nirmala Deshpande

22. Which of the two employment programmes are being merged in newly introduced Prime Minister’s Employment Generation Programme ?

(A) PMRY and NREP

(B) NREP and REGP

(C) PMRY and REGP

(D) PMRY

23. On December 5, 2008 the government announced a cut in petrol and diesel prices per litre at—

(A) Rs. 4 & Rs. 2 respectively

(B) Rs. 5 & Rs. 3 respectively

(C) Rs. 5 & Rs. 2 respectively

(D) Rs. 5 & Rs. 2·50 respectively

24. One major proposal of New Industrial Policy (1991) was—

(A) NRIs will not be allowed for capital investment in India

(B) All types of industries have been made licence free

(C) Import restrictions of technical know-how for one year

(D) Facility of direct foreign investment upto 51% in high priority industries

25. On March 4, 2009, RBI has altered—

(A) Only Bank Rate

(B) Both Repo Rate and Reverse Repo Rate

(C) Only Repo Rate

(D) Both CRR and Repo Rate

26. According to 2001 census, which state has the maximum slum population ?

(A) Uttar Pradesh

(B) Maharashtra

(C) Delhi

(D) Orissa

27. ‘Closed Economy’ is that economy in which—

(A) Only export takes place

(B) Money supply is fully controlled

(C) Deficit financing takes place

(D) Neither export nor import takes place

28. To put a check on rupee depreciation, RBI in October 2008 sold foreign currency of—

(A) $ 20.63 billion

(B) $ 22.22 billion

(C) $ 25.32 billion

(D) $ 28.32 billion

29. National Rural Development Institute is situated at—

(A) Shimla

(B) Hyderabad

(C) Patna

(D) New Delhi

30. ‘Axis Bank’ is the new proposed name for—

(A) UCO Bank

(B) IDBI Bank

(C) UTI Bank

(D) ICICI Bank

31. Which statement of the following is false (according to literacy data of 2001 census) ?

(A) Literacy rate was calculated among people having age 6 years or above

(B) During 1999-2001, the number of literate population increased

(C) Indian literacy rate was estimated to be 65.38%

(D) Kerala was cent-per cent literate state

32. The headquarters of World Bank is situated at—

(A) Manila

(B) Washington D.C.

(C) New York

(D) Geneva

33. Which state has a lower literacy rate than country’s literacy rate according to 2001 census ?

(A) Maharashtra

(B) Gujarat

(C) Orissa

(D) West Bengal

34. SEBI has reduced the process duration time limit of ‘Right Issues’ from 109 days to—

(A) 89 days

(B) 72 days

(C) 62 days

(D) 43 days

35. VAT has been implemented in India in—

(A) All the States

(B) All the States except U.P.

(C) Only in few States

(D) Most of the States

36. Which pair is not correct ?

(A) EXIM Bank—Financing for export-import

(B) RBI—Banker’s bank

(C) IDBI—Industrial finance

(D) FCI—Financial assistance to commercial institutions

37. Nirmal Gram Puraskar is associated with—

(A) Rural Drinking Water

(B) Enlarging Forests

(C) Elementary Education

(D) Total Sanitation Campaign

38. As per the findings of 61st round of survey of NSSO, the share of female work force in informal sector in urban India between the period 1999-2000 to 2004-05 has declined by—

(A) 4 percentage points

(B) 5 percentage points

(C) 6 percentage points

(D) 7 percentage points

39. Which of the following controls the working of share market in India ?

(A) MRTP Act

(B) FERA

(C) BIFR

(D) SEBI

40. Which of the following committee is at present working on ‘future trading’ effect on retail and wholesale prices of agriculture products ?

(A) Tendulkar Committee

(B) Abhijit Sen Committee

(C) Rakesh Mohan Committee

(D) Y. K. Alagh Committee

41. Indian Planning Commission was constituted in—

(A) 1948

(B) 1949

(C) 1950

(D) 1951

42. VDIS–1997 became operative between—

(A) 1.4.97 to 31.12.97

(B) 1.4.97 to 31.3.98

(C) 1.7.97 to 31.3.98

(D) 1.7.97 to 31.12.97

43. To mitigate the liquidity problem of exporters, RBI has provided re-finance window to EXIM Bank of the amount of—

(A) Rs. 2000 crore

(B) Rs. 3000 crore

(C) Rs. 4000 crore

(D) Rs. 5000 crore

44. World Bank has raised the standard of measuring population below poverty line from one dollar per day to—

(A) $ 1.25 per day

(B) $ 1.5 per day

(C) $ 1.75 per day

(D) $ 2.0 per day

45. The First ‘Garib Rath’ has been flagged off between—

(A) Delhi—Patna

(B) Delhi—Chennai

(C) Delhi—Mumbai

(D) Amritsar—Saharsa

46. ‘Big Digital TV DTH’ is the new broadcasting service of DTH launched by—

(A) Sahara Group

(B) Mukesh Ambani Group

(C) Anil Ambani Group

(D) Bharti Airtel Group

47. The process of budget making after re-evaluating every item of expenditure in every financial year is known as—

(A) Performance Budgeting

(B) Deficit Budgeting

(C) Zero Based Budgeting

(D) Fresh Budgeting

48. Which of the following is not the member of EEC ?

(A) Poland

(B) Germany

(C) Italy

(D) U.K.

49. Which place India holds in milk production ?

(A) Fourth

(B) Third

(C) Second

(D) First

50. India Infrastructure Finance Company Ltd. (IIFCL) has been permitted to issue tax-free bonds for raising a fund of—

(A) Rs. 5000 crore

(B) Rs. 7500 crore

(C) Rs. 10,000 crore

(D) Rs. 12,500 crore

Answers :


1. (B) 2. (C) 3. (D) 4. (C) 5. (B) 6.
(C) 7. (A) 8. (A) 9. (D) 10. (D)
11. (A) 12. (B) 13. (B) 14. (C) 15. (B)
16. (C) 17. (D) 18. (C) 19. (C) 20. (B)
21. (A) 22. (C) 23. (C) 24. (D) 25. (B)
26. (B) 27. (D) 28. (A) 29. (B) 30. (C)
31. (D) 32. (B) 33. (C) 34. (D) 35. (A)
36. (D) 37. (D) 38. (B) 39. (D) 40. (B)
41. (C) 42. (D) 43. (D) 44. (A) 45. (D)
46. (C) 47. (C) 48. (A) 49. (D) 50. (C)

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