Indian Economy MCQ (Pages :37)

  • 1051 Who among the following gave the “Theory of ‘Invisible hands’ in Management?

    (A) Adam Smith
    (B) Philip Kotler
    (C) C K Prahald
    (D) None of the above
  • 1052 Who among the following has developed India Rupee Symbol?

    (A) Ashvini Rai
    (B) Umesh Kumar
    (C) D Udaya Kumar
    (D) S.K Paul
  • 1053 Who among the following has written the book “Growth & Finance”?

    (A) Bimal Jalan
    (B) K Subba Rao
    (C) C Rangrajan
    (D) Amartya Sen
  • 1054 Who among the following headed the Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD) in 1979, whose recommendations led to the establishment of NABARD?

    (A) R H Khan
    (B) Raja Chelliah
    (C) B. Sivaraman
    (D) Amitabh Ghosh
  • The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), set up by the Reserve Bank of India (RBI) under the Chairmanship of Shri B. Sivaraman, conceived and recommended the establishment of the National Bank for Agriculture and Rural Development (NABARD). The Indian Parliament through the Act 61 of 1981, approved the setting up of NABARD. The Bank which came into existence on 12 July, 1982, was dedicated to the service of the Nation by the Hon’ble Prime Minister, Smt Indira Gandhi on 5 November, 1982.
  • 1055 Who among the following headed the Government of India’s Committee on Financial Inclusion?

    (A) Dr. Rakesh Mohan
    (B) Dr. C Rangrajan
    (C) Mrs. Usha Thorat
    (D) Dr. KC Chakraborty
  • 1056 Who among the following headed the National Committee for Promotion of Social and Economic Welfare?

    (A) Raja Chelliah
    (B) Justice P.N. Bhagwati
    (C) Rakesh Mohan
    (D) Justice Malimath
  • 1057 Who among the following heads the “Economic Intelligence Council ” in India?

    (A) Finance Minister
    (B) Prime Minister
    (C) RBI Governor
    (D) RBI-Deputy Governor
  • 1058 Who among the following heads the Trade and Economic Relations Committee (TERC) in India?

    (A) Prime Minister
    (B) Minister of Commerce
    (C) Finance Minister
    (D) Finance Secretary
  • 1059 Who among the following Indian Economists have played a crucial role in the MNREGA formerly NREGA?

    (A) Amartya Sen
    (B) Jean Dreze
    (C) Jagdish Natwarlal Bhagwati
    (D) Dr. Vijay Kelkar
  • 1060 Who among the following is called father of Economics?

    (A) David Hume
    (B) Lamarck
    (C) Adam Smith
    (D) John Stuart Mill
  • Adam smith is considered as father of Modern Economics. In his book “The nature & causes of wealth of the Nation’s 1776, he has described economics as science of wealth. According to him economy is the study of wealth only and it deals with its production and consumption. Only material goods which are scarce and useful are wealth.
  • 1061 Who among the following is called guru of Micro finance in India?

    (A) Vijay Mahajan
    (B) Vikram Akula
    (C) Muhammad Yunus
    (D) Amartya Sen
  • 1062 Who among the following is called the architect of Indian Five Year Planning?

    (A) Jawaharlal Nehru
    (B) C D Deshmukh
    (C) PC Mahalnobis
    (D) Sardar Balwant Singh
  • 1063 Who among the following is the chairman of National Commission on Farmers?

    (A) Sharad Pawar
    (B) MS Swaminathan
    (C) P G Bhatol
    (D) None of the above
  • 1064 Who among the following is the writer of famous “Poverty and Un-British Rule in India”?

    (A) Firoz Shah Mehta
    (B) Dada Bhai Naoroji
    (C) William Wedderburn
    (D) A O Hume
  • Dadabhai Naoroji Via his work “Poverty and Un-British Rule in India”, highlighted as India’s poverty as 1.%%Expenditure of the European Officials in England 2.%%Money sent by the British professionals to England 3.%%Inflow of British Capital in India In his work, Dadabhai did not accept that the Indian poverty was due to over population or the interplay of some economic laws as publicized by the British.
  • 1065 Who among the following leaders announced the Industrial Policy of 1956?

    (A) Sardar Patel
    (B) Jawaharlal Nehru
    (C) Balwant Rai mehta
    (D) J B Kriplani
  • 1066 Who among the following was the architect of second five year plan?

    (A) Jawahar Lal Nehru
    (B) C D Deshmukh
    (C) P C Mahalanobis
    (D) Subimal Datt
  • 1067 Who among the following was the chairman Financial Sector Legislative Reforms Commission (FSLRC)?

    (A) Justice B N Srikrishna
    (B) Justice Debi Prasad Pal
    (C) Prof. Y H Malegam
    (D) Justice Shivraj V patil
  • 1068 Who among the following was the chairman of All-India Rural Credit Review Committee (1969)?

    (A) A. Ghosh
    (B) B. Venkatappiah
    (C) C. Janakiraman
    (D) D. Jalan
  • 1069 Who among the following was the Chairman of Committee on Financial Sector Assessment (CFSA)?

    (A) Shri Ashok Chawla
    (B) Rakesh Mohan
    (C) Dr. D Subbarao
    (D) Usha Thorat
  • 1070 Who among the following was the chairman of RBI Working Group on Benchmark Prime lending Rate on the basis of which Base rate System is slated to switch over by the banks?

    (A) Subir Gokarn
    (B) Ashok Chawla
    (C) Deepak Mohanty
    (D) Prof. U. R. Rao
  • 1071 Who among the following was the chairman of the expert committee which suggested “Consumption Expenditure” for identifying the BPL?

    (A) Abhijit Sen
    (B) C Rangrajan
    (C) Kirit Parikh
    (D) Suresh Tendulkar
  • 1072 Who among the following was the chairman of the expert group, looking into the process of developing a “Service Price Index” for India?

    (A) Prof. Abhjit Sen
    (B) Prof. C P Chandrashekhar
    (C) K C Chakraborty
    (D) None of them
  • 1073 Who among the following was the First Deputy Chairman of Planning Commission?

    (A) Gulzari Lal Nanda
    (B) V.T. Krishnamachari
    (C) C.M. Trivedi
    (D) Ashok Mehta
  • 1074 Who among the following was the first Deputy Chairman of the Planning commission?

    (A) V.T. Krishnamachari
    (B) C.M. Trivedi
    (C) Gulzari Lal Nanda
    (D) Ashok Mehta
  • 1075 Who among the following will be benefited by Deflation?

    (A) Salary Earners
    (B) pensioners
    (C) Equity Holders
    (D) Debtors
  • 1076 Who among the follwoing is known to have mooted the idea of Food Coupons?

    (A) C Rangrajan
    (B) V Subbarao
    (C) Nandan Nilkeni
    (D) Kaushik Basu
  • 1077 Who is known as Father of Green Revolution?

    (A) Dr. M S Swami Nathan
    (B) Norman Borlaug
    (C) Verghese Kurien
    (D) None of the above
  • Dr. M S Swami Nathan is known as Father of Green Revolution in India. Norman Borlaug is known asFather of Green Revolution Verghese Kurien is known as Father of white revolution in India.
  • 1078 Why Commercial banks are called creators of money?

    (A) because they buy securities from the central government
    (B) because the loans create deposits
    (C) because they distribute the money in the system
    (D) because they purchase investments
  • 1079 Why Reserve Bank of India is called custodian of foreign balances of the country?

    (A) Because Govt delegates RBI to redistribute the Foreign Currencies in India
    (B) Because RBI maintains both Gold and foreign currencies as reserves against note issues
    (C) Because RBI is delegated by the government to absorb all the foreign currency in India
    (D) None of the above
  • 1080 Why the Transfer incomes are not included in the national income accounts?

    (A) They do not represent payment for economic activity
    (B) There is now way of calculating them correctly
    (C) They are already included in the total of personal income
    (D) They are already included in company earnings

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