Practice Quiz set 2 - indian economy mcq Online Quiz (set-1) For All Competitive Exams

Q-1)   Which organisation is giving financial support for ‘Tejaswini Rural Women’s Empowerment Programme’?

(a)

(b)

(c)

(d)

Q-2)   Consider the following statements :
  1. IPDS was launched during the 11th five-year plan.
  2. IPDS aims to establish green field projects to address the environmental issues faced by textile processing units.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

Integrated Processing Development Scheme (IPDS) is launched during the 12th Five Year Plan. IPDS aims to establish green field projects to address the environmental issues faced by textile processing units.

Q-3)   Consider the following statements regarding National Urban Health Mission (NUHM):
  1. It aimed to provide adequate and efficient urban public health delivery system for the urban poor.
  2. Centre will bear 100% of the cost of implement the programme.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

National Urban Health Mission (NUHM) aimed to provide adequate and efficient urban public health delivery system for the urban poor. Under the mission, centre will bear 80% of the cost of implement the programme.

Q-4)   Consider the following statements:
  1. “Maulana Azad Sehat Scheme” is a health scheme for minority women.
  2. It is an initiative of Uttar Pradesh Government.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

The union government has launched the “Maulana Azad Sehat Scheme” a health scheme for minority students. Under this scheme, students will be provided with a health card which will entitle them to free check-ups twice a year at the place where they are studying.

Q-5)   Consider the following statements :
  1. Kerala Tourism has been conferred the United Nation Award for creating innovative initiatives for sustainable tourism.
  2. This is for the second time India has won this recognition. First time it was Himachal Pradesh.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

Kerala Tourism has been conferred the United Nation Award for creating innovative initiatives for sustainable tourism, the first time India has ever won the recognition.

Q-6)   With reference to digital payments, consider the following statements.
  1. BHIM app allows the user to transfer money to anyone with a UPI-enabled bank account.
  2. While a chip-pin debit card has four factors of authentication, BHIM app has only two factors of authentication.
Which of the statement(s) given above is/are correct?

(a)

(b)

(c)

(d)

Q-7)   Consider the following economic processes taking place in Indian Economy :
  1. Import of western culture through the mass media and telecommunication system in India.
  2. Establishment of factory limits of MNCs in India.
  3. Acquisition of branded foreign companies by Indian business tycoons.
Which of the economic processes given above is/are encompassed under globalization?

(a)

(b)

(c)

(d)

Explanation:

Under Globalisation, all the following are covered – Import of western culture through the mass media and telecommunication system, establishment of factory limits of MNCs and acquisition of branded foreign companies by business tycoons.

Q-8)   The ratio of labour force in the informal to formal sector in India is approximately:

(a)

(b)

(c)

(d)

Explanation:

Employment Data (2017-18)

  1. Total labour force = 50 crore
  2. Formal = 5 crore
  3. Informal = 45 crore (90% informal labour force)

Those firms which have ten or more workers using electricity and those with twenty or more workers, even if not using electricity belong to the formal sector else it is in the informal sector.

In general, those firms/companies which do not have any kind of registration with the government or do not pay tax belong to the informal sector.

Q-9)   With reference to the National Investment Fund which of the disinvestment proceeds are routed, consider the following statements.
  1. The assets in the National Investment Fund are managed by the Union Ministry of Finance.
  2. The National Investment Fund is to be maintained within the consolidation fund of India.
  3. Certain Asset Management companies are appointed as the fund manager.
  4. A certain proportion of annual income is used for financing select social sectors.
Which of the statement(s) given above is/are correct?

(a)

(b)

(c)

(d)

Q-10)   Consider the following statements regarding Integrated Child Development Services (ICDS) scheme:
  1. The Government of India sponsored programme.
  2. Launched on October 2, 1975.
  3. It aims to improve the nutritional and health status of vulnerable groups including pre-school children, pregnant women and nursing mothers.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

Integrated Child Development Services (ICDS) scheme was launched on October 2, 1975. to tackle malnutrition and health problems in children below 6 years of age and their mothers.