Practice Quiz set 2 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) When did the Government of India established the independent Ministry for ‘Women and Child Development’?
(a)
(b)
(c)
(d)
Q-2) Which one of the following organisations publishes the Human Development Report?
(a)
(b)
(c)
(d)
Q-3) As per the Human Development Report 2015, consider the following statements. - India ranks 130 out of 188 countries.
- HDI is based on the indices for life expectancy education and PPP.
- In comparison to other nations in the BRICS, India has the lowest rank.
Which of the statement(s) given above is/are correct?
(a)
(b)
(c)
(d)
Q-4) ABC Index announced by the Government of India is associated with which of the following?
(a)
(b)
(c)
(d)
Q-5) Consider the following statements: - According to the data studied by planning commission in 2011–12, 21.9% of the population of India falls under the poverty line.
- The incidence of poverty is measured by the poverty ratio, which is the ratio of number of poor to the total population expressed as percentage.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
Both the statements are correct.
Q-6) Consider the following statements relating to estimation of National Income.- Foreigners working in Indian Embassies are normal residents of India.
- Foreigners working in the office of WHO, World Bank, UNO etc, located in India are not normal residents of India.
- Indians working in foreign embassies in India are not normal residents of India.
Which of the statements given above is/are not correct?
(a)
(b)
(c)
(d)
Statement 2 is correct as it comes under the perview of nonresident/International resident.
Q-7) Consider the following statements :
- Agriculture and Allied sectors contribute less than 20% of Gross Domestic product of India.
- Around 60% of net sown agricultural area of India is depended on rainfall.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
Agriculture and Allied sectors contribute less than 20% around 17% of the Gross Domestic Product of India.
Around 60% of the net sown agricultural area of India is dependent on rainfall.
Q-8) One of the problems in calculating National Income in India is
(a)
(b)
(c)
(d)
Q-9) Consider the following statements:
- Minimum Wages Act is only applicable to the scheduled employments of the centres and the states.
- Minimum Wages Act has allowed discrimination between male and female workers or different minimum wages for them.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
The Minimum Wages Act, 1948 is Indian legislation enacted by the Parliament of India for statutory fixing of minimum wages to be paid to skilled and unskilled labours of centre and state.
Minimum Wages Act does not allow discrimination between male and female workers.
Q-10) Consider the following statements:
- The state sets broad parameters and goals for the economy.
- The targets to be achieved are broadly set by the state.
- The plan is made for the specific time period of about 15 years.
Which of the statements given above is/are correct about the Indicative planning?
(a)
(b)
(c)
(d)
Indicative planning is a form of economic planning implemented by a state in an effort to solve the problem of imperfect information in the market and mixed economies in order to increase economic performance.
Regarding indicative planning, the state sets broad parameters and goals for the economy and the targets to be achieved are broadly set by the state.