Indian Economy MCQ (Pages :37)

  • 91 Central Employment Guarantee Council overlooks the progress of which among the following scheme?

    (A) MGNREGA
    (B) Food for Works Programme
    (C) National Rural Livelihood Mission
    (D) All of them
  • 92 Central Food Technological Research Institute is located at which of the following places?

    (A) Mysore
    (B) Lucknow
    (C) Ranchi
    (D) Mussoorie
  • 93 Consider the following : 1.%%Central Government 2.%%State Governments Which among the above are responsible to review and revise the minimum wages for workers employed in scheduled employments?

    (A) Only 1
    (B) Only 2
    (C) Both 1 & 2
    (D) Neither 1 nor 2
  • Under Minimum Wages Act, 1948, both Central and State Governments are appropriate Governments to fix , review and revise the minimum wages for workers employed in scheduled employments under their respective jurisdiction. Information in respect of firm wages is not maintained
  • 94 Consider the following 1.%%Oil Palm 2.%%Rubber 3.%%Coffee 4.%%Tea 5.%%Sugarcane Which among the above is/ are considered plantation crops in India for the purpose of agriculture policy?

    (A) 1 & 2
    (B) 1; 2 & 3
    (C) 1; 2; 3 & 4
    (D) 1; 2; 3; 4 & 5
  • 95 Consider the following committee’s role played in the genesis of the given programmes: 1.%%Lead Bank Scheme – Narsimaham Committee 2.%%SHG-Bank Linkage – S K Kalia Committee Which among the above is/ are correct?

    (A) 1 only
    (B) 2 only
    (C) Both 1 & 2
    (D) Neither 1 nor 2
  • 96 Consider the following imaginary figures in context with the “Components of Money Stock”. 1.%%Currency in Circulation is Rs. 1000 2.%%Cash with Banks is Rs. 20 3.%%“Other” Deposits with RBI is Rs. 15 4.%%“Bankers” Deposit with RBI is Rs. 40 5.%%Demand Deposits is Rs. 500 6.%%Time Deposits is Rs. 400 Which among the following is the correct figure representing “Broad Money“?

    (A) Rs. 1035
    (B) Rs. 1075
    (C) Rs. 1535
    (D) Rs. 1895
  • 97 Consider the following reasons of why India became a regular member of the Financial Action Task Force: 1. It will help India to build the capacity to fight terrorism and trace terrorist money 2. It will help India to successfully investigate and prosecute money laundering and terrorist financing offences 3. It will help India to have a greater access to the international grants and aids Which among the above is / are correct?

    (A) Only 1
    (B) Only 1 & 2
    (C) Only 1 & 3
    (D) Only 2 & 3
  • 98 Consider the following statements about a Non-Banking Financial Company (NBFC): 1.%%An NBFC cannot accept demand deposits; 2.%%An NBFC is not a part of the payment and settlement system 3.%%An NBFC cannot issue cheques drawn on itself 4.%%Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available for NBFC depositors Which among the above is/ are correct statements?

    (A) 1
    (B) 12
    (C) 123
    (D) 1234
  • 99 Consider the following statements about Jute Production in India: 1.%%India is the world’s largest producer of raw jute and jute goods 2.%%West Bengal is the largest producer of Jute in the country Which of the above statements is/are correct?

    (A) 1 Only
    (B) 2 Only
    (C) Both 1 & 2
    (D) Neither 1 nor 2
  • The leading world’s jute producing countries are India, Bangladesh, China and Thailand. India is the world’s largest producer of raw jute and jute goods, contributing to over 50 percent and 40 percent respectively of global production. West Bengal alone accounts for over 50 percent raw jute production.
  • 100 Consider the following statements about Mixed Economy system: 1.%%It combines the features of both capitalist and socialist market 2.%%India is an excellent example of mixed economy system Which of the above statements is/are correct?

    (A) 1 Only
    (B) 2 Only
    (C) Both 1 & 2
    (D) Neither 1 nor 2
  • First statement is incorrect because mixed economy is characterized by a system where government directs economic activity in some socially important areas of the economy, the rest being left to the price mechanism to operate. Second statement is correct.
  • 101 Consider the following statements about Natural rubber (NR) production in India: 1.%%Rubber plantation in India is confined to the states of Kerala and Tamil Nadu 2.%%As of now, India is the largest producer of natural rubber in world Which of the above statements is/are correct?

    (A) 1 Only
    (B) 2 Only
    (C) Both 1 & 2
    (D) Neither 1 nor 2
  • First statement is incorrect because Rubber plantation in India is carried out in Karnataka, Kerala, Tamil Nadu and the Andaman and Nicobar Islands. Second statement is again incorrect because Thailand is the largest producer of natural rubber in the world.
  • 102 Consider the following statements about the Commission for Agricultural Costs & Prices (CACP): 1.%%It is mandated to recommend minimum support prices (MSPs) 2.%%Union Agriculture Minister is the ex-officio chairperson of the commission Which of the above statements is/are correct?

    (A) 1 Only
    (B) 2 Only
    (C) Both 1& 2
    (D) Neither 1 nor 2
  • First statement is correct. Second statement is incorrect. The Commission for Agricultural Costs & Prices (CACP) is an attached office of the Ministry of Agriculture and Farmers Welfare, Government of India. It came into existence in January
  • 103 Consider the following statements about the Floating Rate Bonds: 1. Coupon rate is not fixed 2. The Coupon rate is reset with reference to a benchmark rate 3. Sold at a discount from the face value Which among the above statements is/ are correct?

    (A) Only 1
    (B) 1 & 2
    (C) 2 & 3
    (D) 1; 2 & 3
  • 104 Consider the following statements regarding Cost Push Inflation: 1.%%Cost Push Inflation is a function of the costs such as wages, rent , interest rates etc. 2.%%Cost Push Inflation can be controlled easily in comparison to the Demand Pull Inflation 3.%%The purchasing power of Rupee decreases in case of Cost push inflation. Which among the above statements hold correct?

    (A) Only 1
    (B) 1 & 2
    (C) 2 & 3
    (D) 1 & 3
  • 105 Consider the following statements: 1. Bureau of Indian Standards was set up as a statutory organization under the Bureau of Indian Standards Act, 1986 2. Bureau of Indian Standards had taken over the assets and liabilities of the Indian Standards Institution (ISI) that came into existence in 1947. Which among the above statements is / are correct?

    (A) Only 1 is correct
    (B) Only 2 is correct
    (C) Both 1 & 2 are correct
    (D) Both 1 & 2 are incorrect
  • 106 Consider the following Statements: 1. Indicative Planning is a feature of ‘Mixed Economy’. 2. Perspective Planning is used by socialist countries where each and every aspect of planning is controlled by the State. Which of the above Statement(s) is/are correct?

    (A) Only 1
    (B) Only 2
    (C) Both 1 and 2
    (D) Neither 1 nor 2
  • Indicative planning, which generally puts forward some broad principles and guidelines to achieve some specific goals. Indicative planning is flexible. It is peculiar to mixed economy and both the public and private sector co exist. Comprehensive or imperative planning is used by socialist countries and each and every aspect of planning is controlled by the State. Perspective planning refers to long term planning for a period of 15, 20, 25 yrs, however objective of perspective planning can be achieved by breaking the period in 5‐7 yr plans.
  • 107 Consider the following statements: 1. Oldest stock exchange of Asia is Kolkata Stock Exchange 2. Oldest tram operating in Asia is Calcutta Tram Which among the above statements is / are correct?

    (A) 1 only
    (B) 2 only
    (C) 1 & 2 both
    (D) neither 1 nor 2
  • BSE is the Oldest stock exchange of Asia
  • 108 Consider the following statements: 1. To execute an arbitrage deal, one has to simultaneously enter into deals in two markets where the price differential exists 2. There are Mutual funds, which can help in arbitrage for the investors Which among the above statements is / are correct?

    (A) Only 1 is correct
    (B) Only 2 is correct
    (C) Both 1 & 2 are correct
    (D) Neither 1 nor 2 is correct
  • Arbitrage is an investment strategy aimed at capturing the price differential between two or more markets to earn a risk-free profit. To execute an arbitrage deal, one has to simultaneously enter into deals in two markets where the price differential exists. The second statement is correct and Mutual funds come to the rescue of those who intend to take the arbitrage route but lack the expertise. The schemes here aim to make risk-free profits, by capturing the price differentials across markets arising out of the inefficiencies of the markets.
  • 109 Consider the following statements: 1.%%14 major dairying states account for more than 90% of India’s Milk Production 2.%%National Dairy Plan was launched to improve the quality of Milch animals in these 14 states Which among the above statements is / are correct?

    (A) Only 1 is correct
    (B) Only 2 is correct
    (C) Both 1 and 2 are correct
    (D) Neither 1 nor 2 is correct
  • 110 Consider the following statements: 1.%%Accelerated Irrigation Benefits programme is a programme of Ministry of Agriculture, Government of India 2.%%This programme was launched in 1996-97 to extend financial assistance to the States for completion of identified ongoing irrigation projects Which among the above statements is / are correct?

    (A) 1 only
    (B) 2 only
    (C) Both are correct
    (D) None of them is correct
  • Accelerated Irrigation Benefits programme is a programme of Ministry of Water Resources
  • 111 Consider the following statements: 1.%%Among Fruits, Largest Area under cultivation in India is that of Banana 2.%%Among Fruits, Largest Production is India is that of Mango Which among the above is / are correct statements?

    (A) Only 1 is correct
    (B) Only 2 is correct
    (C) Both statements are correct
    (D) Both statements are incorrect
  • 112 Consider the following statements: 1.%%Both WPI and IIP are released by CSO 2.%%Both WPI and IIP exist since British Era Which among the above statements is are correct?

    (A) Only 1 is Correct
    (B) Only 2 is Correct
    (C) Both are Correct
    (D) Both are incorrect
  • WPI is released by Economic adviser
  • 113 Consider the following statements: 1.%%Disinvestment essentially results in Privatization 2.%%Privatization essentially results in transfer of assets Which among the above statements is/ are correct?

    (A) Only 1 is correct
    (B) Only 2 is correct
    (C) Both 1 & 2 are correct
    (D) Both 1 & 2 are incorrect
  • 114 Consider the following statements: 1.%%In Minimum Reserve System, RBI had to keep a minimum reserve of Gold worth Rs. 115 Crores and rest in Indian Rupees. 2.%%The Minimum Requirement of Foreign Securities was diluted when Minimum Reserve System was launched.?

    (A) Only 1 is correct
    (B) Only 2 is correct
    (C) Both of them are correct
    (D) Both of them are incorrect
  • 115 Consider the following statements: 1.%%India has largest Public distribution system in the world. 2.%%In respect to the Food grains, The PDS works on the basis of explicit subsidy paid to Food Corporation of India 3.%%This subsidy is used to meet the difference between the procurement price paid by FCI to farmers and the price it sells to PDS Which among the above statements are correct?

    (A) 1 only
    (B) 1 & 2
    (C) 1; 2; 3
    (D) 3 only
  • 116 Consider the following statements: 1.%%India is largest producer of Pulses 2.%%India is largest Consumer of Pulses 3.%%India is largest importer of Pulses Which among the above statements hold correct?

    (A) Only 1
    (B) Only 1 & 2
    (C) Only 2 & 3
    (D) all 1; 2 & 3
  • 117 Consider the following statements: 1.%%Nagaland was the first state of India which launched its own Bamboo Policy 2.%%Ministry of Agriculture has launched the National Bamboo Mission (NBM) and the National Mission on Bamboo Application (NMBA) for its holistic development, cultivation and for developing the technologies and applications for bamboo based products. 3.%%Bansloachan or Tabasheer is obtained from certain species of Bamboo Which among the above statements is/ are correct?

    (A) 1 & 3
    (B) 1 & 2
    (C) 2 & 3
    (D) All of them
  • 118 Consider the following statements: 1.%%Price Stabilization Fund Scheme was launched for Coffee, Tea, Rubber and Tobacco growers in the country 2.%%In this scheme Government procures the commodities when the prices fell below a certain level to support the growers Which among the above statements is/ are correct?

    (A) Only 1 is correct
    (B) Only 2 is correct
    (C) Both 1 and 2 are correct
    (D) Neither 1 nor 2 is correct
  • 119 Consider the following statements: 1.%%The Minimum Wage Act 1948 is implemented by the Department of Revenue of all the State Governments 2.%%The Minimum Wages are Fixed by the Central Government Which among the above statements is / are correct?

    (A) Only 1 is correct
    (B) Only 2 is correct
    (C) Both 1 & 2 is correct
    (D) Neither 1 nor 2 are correct
  • The Act is implemented in some states by Department of Revenue. The Minimum Wages are not fixed by Central Government. They are fixed by the State Government.
  • 120 Consider the following statements: Assertion: The year end estimates of GDP are more reliable than the quarterly estimates Reason: The Year End estimates are based upon overall measures of WPI and CPI Which among the following options is correct?

    (A) Assertion is correct ; reason is incorrect
    (B) Assertion is incorrect ; reason is correct
    (C) Both Assertion and Reason are correct
    (D) Both Assertion and Reason are incorrect

"There is far more opportunity than there is ability"

- Thomas Alva Edison
PSC Malayalam PSC English android app, LDC, KAS, LGS, PSC Degree Level Exams, PSC Malayalam Questions
Gk4success Nursing App, PSC Staff Nurse, AIIMS, JIPMER, RCC, MOH, HAAD, DHA, PGIMER, ESIC Nursing Exams

Feedback

Please let us know your experience with our website!.

Forgot Password

Please let us know your experience with our website!.