Practice Quiz set 3 - indian economy mcq Online Quiz (set-1) For All Competitive Exams

Q-1)   In which year Family Planning Programme was started in India?

(a)

(b)

(c)

(d)


Q-2)   Consider the following statements :
  1. World GSM mobile tower architecture is an environment-friendly mobile system, to deliver affordable services in villages.
  2. World GSM is solar-powered
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

The Indian telecom equipment-maker, Vihaan Networks Ltd (VNL) launched its’ solar-powered ‘World GSM’ mobile tower architecture, an environment-friendly and cost-effective mobile system, to deliver affordable services in villages.


Q-3)   With which one of the following countries, India has signed agreements on “green energy corridors”?

(a)

(b)

(c)

(d)

Explanation:

India and Germany signed two agreements on “green energy corridors” under which Delhi will receive almost 9000 million Euros loan from the European nation.


Q-4)   Consider the following statements regarding, India Inclusive Innovation Fund (IIIF) created by the National Innovation Council (NIC), in partnership with the Ministry of Micro, Small and Medium Enterprises (MSME):
  1. IIIF is an impact investment fund that will invest in ventures catering to the country’s poor.
  2. It is an autonomous ` 500-crore fund, with the union government contributing 50%.
  3. Will be registered under SEBI’s Alternative Investment Fund Category I guidelines.
Which of the statements given above is/are in correct?

(a)

(b)

(c)

(d)

Explanation:

IIIF is an impact investment fund that will invest in ventures catering to the country’s poor.

.It is an autonomous Rs. 500-crore fund, with the union government contributing 20%. Will be registered under SEBI’s Alternative Investment Fund Category I guidelines.


Q-5)   The first computer made available kfor commercial use was :

(a)

(b)

(c)

(d)

Explanation:

The UNIVAC computer was the first commercially available computer invented by John Presper Eckert and John Mauchly.

As well as being the first American commercial computer, the UNIVAC I was the first American computer designed at the outset for business and administrative use (i.e., for the fast execution of large numbers of relatively simple arithmetic and data transport operations, as opposed to the complex numerical calculations required by scientific computers).

As such the UNIVAC competed directly against punch-card machines (mainly made by IBM).


Q-6)   Match List-I with List-II and select the correct answer by using the codes given below the lists.
List I List II
(Yojana) (Its contact)
A. Nai Roshni Programme 1. Women Empowerment
B. DISHA 2. Financial Inclusion
C. Pradhanmantri Jan Dhan Yojana 3. New pension system
D. Swavlamban Scheme 4. IT Training
Codes: A B C D

(a)

(b)

(c)

(d)

Explanation:


Q-7)   Match List-I with List-II and select the correct answer using the codes given below the lists.
List I List II
(Yojana) (Based on)
A. Swajaldhara Yojana 1. Rural connectivity
B. Hariyali Yojana 2. Rural water supply
C. Swarn Jayanti Gram Swarojgar Yojana 3. Watershed Management
D. Pradhan Mantri Gram Sadak Yojana 4. Rural self-employment
Codes: A B C D

(a)

(b)

(c)

(d)

Explanation:


Q-8)   The unemployment caused due to the workers lacking the requisite job skills is an example of:

(a)

(b)

(c)

(d)


Q-9)   The supply-side economics lays greater emphasis on

(a)

(b)

(c)

(d)

Explanation:

Supply-side economics emphasizes economic growth achieved by tax and fiscal policy that creates incentives to produce goods and services.

It lays great emphasis on entrepreneurs, investors and producers who are treated as the prime movers on which the economy depends.

Supply-side economics is better known to some as “Reaganomics,” or the “trickle-down” policy.


Q-10)   Consider the following statements regarding the “Periodic Labour Force Survey”:
  1. It is conducted quinquennially
  2. It is conducted for both rural and urban labour force
  3. It collects data for urban labour on a quarterly basis
Select the correct answer using the code given below:

(a)

(b)

(c)

(d)

Explanation:

Employment and Unemployment Surveys (EUS) conducted by NSSO were the primary source of labour market data at the National and State levels in India. Regular EUS were conducted quinquennially (after every five years) since 1972.

Considering the importance of the availability of labour force data at more frequent intervals, the Ministry of Statistics and Programme Implementation constituted a committee on Periodic Labour Force Survey (PLFS).

Now, National Statistics Office (NSO) is conducting PLFS to produce annual statistics of employment and unemployment characteristics for both rural and urban areas, along with quarterly estimates for urban areas. The first annual report based on the data collected in PLFS during July 2017- June 2018 was published in May 2019.

As per the PLFS 2017-18, 6.1% of India’s labour force are unemployed.

The PLFS was designed with two major objectives for the measurement of employment and unemployment.

The first was to measure the dynamics in labour force participation and employment status in the short time interval of three months for only the urban areas.

The second was for both rural and urban areas, to measure the labour force estimates on key parameters on an annual basis such as labour force participation rate, worker population ratio etc.