Practice Quiz set 14 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) The objective of the National Population Policy (NPP) is- The immediate objective is to address the unmet needs for contraception, health care infrastructure and basic reproductive and child health care.
- The medium-term objective is to bring the Total Fertility Rate (TFR) to replacement levels of 2.1 by 2010.
- The short-term objective is to achieve a stable population by 2045, at a level consistent with the requirement of sustainable economic growth, social development and environmental protection.
Which of the following statements is not correct?
(a)
(b)
(c)
(d)
The long-term objective of NPP is to achieve a stable population by 2045, at a level consistent with the requirement of sustainable economic growth, social development and environmental protection.
Q-2) Current Fiscal Deficit percentage in GDP is
(a)
(b)
(c)
(d)
(e)
The current Fiscal Deficit percentage in GDP (Gross Domestic Product) is 4 per cent.
Note: In his budgetary speech Finance Minister Arun Jaitley pegs fiscal deficit at 3.2% of GDP for 2017-18.
Q-3) The fourteen major banks in India were nationalised in the year
(a)
(b)
(c)
(d)
In 1969, 14 major private commercial banks were nationalized. This was followed by a second phase of nationalization in 1980, when Government of India acquired the ownership of 6 more banks, thus bringing the total number of nationalized Banks to 20.
Q-4) Which of the following is the Regulator of the credit rating agencies in India ?
(a)
(b)
(c)
(d)
(e)
The Indian credit rating industry mainly comprises
- CRISIL,
- CIBIL,
- ICRA,
- CARE,
- ONICRA,
- FITCH and
- SMERA.
The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. RBI is India’s central bank. SIDBI (Small Industries Development Bank of India) financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises in India.
Q-5) Which of the following statements is/are correct in regard to ‘micro-finance’? - Micro-credit extended by banks to individual is reckoned as a part of their priority sector lending.
- RBI has prescribed a particular model the banks to provide micro-finance.
Choose the correct answer using the codes given below:
(a)
(b)
(c)
(d)
Micro-credit extended by banks to individuals is reckoned as a part of their priority sector lending and no particular model has been prescribed for microfinance and banks have been extended freedom to formulate their own models.
Q-6) FERA in India has been replaced by
(a)
(b)
(c)
(d)
The Foreign Exchange Regulation Act (FERA) was legislation passed by the Indian Parliament in 1973 with the aim of regulating payments and foreign exchange.
FERA was repealed in 1999 by the government of Atal Bihari Vajpayee and replaced by the Foreign Exchange Management Act, which liberalised foreign exchange controls and restrictions on foreign investment.
FEMA, which replaced Foreign Exchange Regulation Act (FERA), had become the need of the hour since FERA had become incompatible with the pro-liberalisation policies of the Government of India.
FEMA has brought a new management regime of Foreign Exchange consistent with the emerging framework of the World Trade Organisation (WTO).
Q-7) Which of the following Indian banks became the first to touch a market capitalisation of Rs.1,00,000 crore in India ?
(a)
(b)
(c)
(d)
The State Bank of India, in September 2007, became the first public sector bank to touch a market capitalisation of Rs 1,00,000 crore following a surge of over three per cent in its share price.
The bank’s shares closed at Rs 1950.70 per share on the BSE, giving it a market cap of about Rs 1,02,665.12 crore. Earlier in the day, the shares rose to a lifetime high of Rs 1,969.80 crore before ending with a gain of 3.43 per cent over the previous close.
SBI is the only second bank in India to have attained a market capitalisation of more than Rs 1,00,000 crore.
Besides, SBI, ICICI Bank has also achieved this milestone and its market cap.
Q-8) In which year the Indian rupee was devalued two times within a month?
(a)
(b)
(c)
(d)
In 1991, India faced a serious balance of payment crisis and was forced to sharply devalue its currency.
The country was in the grip of high inflation, low growth and the foreign reserves were not even worth meeting three weeks of imports. Under these situations, the currency was devalued to 17.90 against the dollar.
Q-9) When was the Jawahar Rozgar Yojna launched ?
(a)
(b)
(c)
(d)
By merging the two erstwhile wage employment programme -
- National Rural Employment Programme (NREP),
- Rural Landless Employment Guarantee Programme (RLEGP), and
- Jawahar Rozgar Yojana (JRY) was started with effect from April 1, 1989, on an 80:20 cost-sharing basis between the centre and the States.
The main objective of the Yojana was additional gainful employment for the unemployed and under-employed persons in rural areas.
The other objective was the creation of sustained employment by strengthening rural economic infrastructure and assets in favour of rural poor for their direct and continuing benefits.
Q-10) Consider the following: - Mehbub ul Haq
- Inge Kaul
- David Hilton
The team which developed HDI was led which of the above
(a)
(b)
(c)
(d)
The team which developed HDI was led by Mehbub ul Haq and Inge Kaul.