Indian Economy MCQ (Pages :37)

  • 151 Deficit financing is a common practice in many countries in the world today. Which among the following is an incorrect statement regarding Deficit Financing?

    (A) Deficit Financing was popularized by J M Keynes
    (B) Deficit Financing generates employment to some extent
    (C) Deficit Financing helps in curbing the bad effects of Depression
    (D) All are correct
  • 152 Demand of which among the following will be called as Direct Demand?

    (A) Weaving Machine
    (B) Sweater
    (C) Wool for Factory
    (D) Wool for making gloves
  • 153 Demand Pull factors and Cost Push factors are factors involved in the phenomena of ______?

    (A) Price Rise
    (B) Interest Rates
    (C) Time value of money
    (D) None of the above
  • 154 Department of disinvestment comes under which among the following ministries?

    (A) Ministry of Finance
    (B) Ministry of Commerce & Industries
    (C) Ministry of Programme Implementation
    (D) Ministry of Corporate Affairs
  • 155 Department of Industrial Policy and Promotion is a subordinate office of which among the following ministries?

    (A) Ministry of Finance
    (B) Ministry of Commerce & Industry
    (C) Ministry of Corporate Affairs
    (D) None of the above
  • DIPP (Department of Industrial Policy and Promotion) was first established in 1995, and then reconstituted in 2000 and merged with the Department of Industrial Development. The Department falls under the Ministry of Commerce and Industry. DIPP looks at the overall industrial policy while individual ministries work on the specific areas allocated to them. Its main responsibility includes formulation of promotional and developmental measures to boost industrial sector.
  • 156 Deposit Insurance and Credit Guarantee Corporation is a wholly owned subsidiary of which of the following?

    (A) SBI
    (B) RBI
    (C) ICICI
    (D) SEBI
  • 157 Deposit Insurance is a limited level of protection provided by the government to depositors against bank failures. Which among the following does not come under the purview of deposit insurance?

    (A) commercial banks
    (B) branches of foreign banks functioning in India
    (C) local area banks
    (D) Non Banking Financial Corporations
  • 158 Devaluation of currency can correct a Balance of Payments deficit because___?

    (A) It lowers price of exports in foreign currency and rises price of imports in home currency
    (B) It raises price of exports in foreign currency and lowers price of imports in home currency
    (C) It raises price of exports and imports in foreign currency
    (D) It lowers price of exports and imports in home currency
  • Devaluation refers to fall in the fixed exchange rate between one currency and other. Devaluation is used to correct the balance of payment (BoP) deficit but only as a last resort as it has major repercussions on the domestic economy. Devaluation can correct a BoP deficit because it lowers the price of experts in terms foreign currencies and raise the price of imports on the home market
  • 159 Devaluation of currency means the reduction in the value of a currency vis-à-vis which of the following?

    (A) The prices of the major commodities
    (B) The value of a particular currency
    (C) The value of major internationally traded currencies of the world
    (D) None of the above
  • 160 Dr. N.C. Saxena Committee was set up by the Ministry of Rural Development to advise it on 1.%%Suitable methodology for BPL Census 2.%%Estimation of poverty Choose the correct option:?

    (A) Only 1
    (B) Only 2
    (C) Both 1 & 2
    (D) Neither 1 nor 2
  • 161 Dr. RK Hazari Committee was related to which of the following segments?

    (A) Industrial Licensing
    (B) FDI
    (C) Planned Development
    (D) Banking
  • Hazari Committee was set up under the chairmanship of Dr. R.K. Hazari, a Planning Commission consultant to review the Industrial Licensing System under Industries Development and Regulation Act, 1951. This committee submitted its report in 1967 and brought out many defects of the licensing policy.
  • 162 During which five year plan The Khadi and Village Industries Commission was established?

    (A) First Five year Plan
    (B) Second Five year Plan
    (C) Third Five year Plan
    (D) Fourth Five Year Plan
  • 163 During which five year plan The Khadi and Village Industries Commission was established?

    (A) 1st
    (B) 2nd
    (C) 3rd
    (D) 4th
  • KVIC is a statutory body established under KVIC Act, 1956. It is a statutory organization under the aegis of the Ministry of MSME, engaged in promoting and developing Khadi and village industries for providing employment opportunities in the rural areas, thereby strengthening the rural economy.
  • 164 During which plan Durgapur, & Rourkela plants were set up?

    (A) 1st
    (B) 2nd
    (C) 3rd
    (D) 4th
  • 165 Dutt Committee was related to which of the following?

    (A) Industrial licensing
    (B) Tax Reforms
    (C) PSU disinvestment
    (D) Cash Credit Systems
  • 166 E-chaupal is a rural marketing network of which of the following?

    (A) ITC Ltd
    (B) ICAR
    (C) India agronet
  • E-Choupal is an e-government initiative formulated by the International Business Division of Indian Tobacco Company (ITC-IBD) to sell agricultural products, home appliances and consumer goods. It protects farmers from the abuse of the agents.
  • 167 Economic and Social Commission for Asia and the Pacific (UNESCAP or ESCAP), located in Bangkok is a regional arm of which of the following?

    (A) United nations
    (B) IMF
    (C) World Bank
    (D) World Wide fund
  • 168 Economic growth is normally coupled with?

    (A) Inflation
    (B) Hyper Inflation
    (C) Deflation
    (D) Stagflation
  • 169 Economic Planning comes under which of the following lists?

    (A) Union List
    (B) Concurrent list
    (C) State List
    (D) None of them
  • 170 Euribor is a term associated with which of the following?

    (A) An International Financial Company
    (B) An association of European Financial Service providers
    (C) A reference rate for Euro Money Market
    (D) A credit rating agency of Europe
  • Euribor (Euro Interbank Offered Rate )is similar to LIBOR (London Interbank Offer rate)
  • 171 Exchangeable Bonds are Bonds which can be exchanged with________?

    (A) Equity Shares of a single company
    (B) Equity Shares of a group company
    (C) Both of them
    (D) None of the above
  • 172 Exim Bank was established in the year:?

    (A) 1980
    (B) 1982
    (C) 1991
    (D) 1992
  • 173 Expenditures of the central government on flagship development programmes comes under which of the following?

    (A) Plan expenditures
    (B) Non Plan expenditures
    (C) Revenue expenditures
    (D) Capital expenditures
  • 174 Falta Special Economic Zone is located at?

    (A) Bihar
    (B) West Bengal
    (C) Gujarat
    (D) Orissa
  • 175 Fiat money and near money can be correctly matched with?

    (A) Bill of exchange and Legal Tender
    (B) Legal tender and Bill of exchange
    (C) Legal Tender and Call Money
    (D) None of the above
  • 176 First state in India to launch a policy to establish Special Agriculture Zones (SAZs):?

    (A) Uttar Pradesh
    (B) Gujarat
    (C) Haryana
    (D) Uttarakhand
  • 177 For ensuring easier exit of the sick units the government has proposed a policy called EXIT POLICY 1992. Why this committee was not implemented?

    (A) Opposition from Trade Unions
    (B) Economic revival
    (C) Pressure from the Opposition
    (D) Liberalization of economy
  • 178 For how many crops, Minimum Support Prices are announced in India?

    (A) 20
    (B) 25
    (C) 30
    (D) 10
  • The Minimum Support Prices were announced by the Government of India for the first time in 1966-67 for Wheat in the wake of the Green Revolution and extended harvest, to save the farmers from depleting profits. Since then, the MSP regime has been expanded to many crops. Minimum Support Price is the price at which government purchases crops from the farmers, whatever may be the price for the crops. The MSP is announced by the Government of India for 25 crops currently at the beginning of each season viz. Rabi and Kharif.
  • 179 For how many industries the Industrial licensing was abolished after Economic Reforms in India?

    (A) 18 industries
    (B) 25 industries
    (C) 50 industries
    (D) All Industries except 18
  • 180 For the first time in India, in which of the following Budgets “basic reforms in the international financial and trading system ” was stressed in India?

    (A) 1969
    (B) 1980
    (C) 1983
    (D) 1984

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