Practice Quiz set 5 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) According to the UN Department of Economic and Social Affairs (UNDESA), what percentage of world’s total population is currently living in urban areas?
(a)
(b)
(c)
(d)
Q-2) National Sample Survey Office (NSSO) was established in the year
(a)
(b)
(c)
(d)
Q-3) Which of the following is/are the component(s) of Gross Domestic Capital Formation (GDCF)? - Gross Domestic Saving
- Net Capital Inflow
- Direct Foreign Investment
Choose the correct answer from the codes given below.Code
(a)
(b)
(c)
(d)
Q-4) The Human Development Index (HDI) was first developed by which of the following?
(a)
(b)
(c)
(d)
Q-5) Consider the following statements: - Since 2005, Indian government adopted Tendulkar methodology which moved away from calorie anchor to a basket of goods and used rural urban and regional minimum expenditure per capita necessary to survive.
- C. Rangrajan committee was set up in 2013 for poverty estimation in India.
Which of the statements given above is/are in correct?
(a)
(b)
(c)
(d)
C. Rangrajan committee was set up in 2012.
Q-6) Consider the following statements about the LPG model of economic development process in India?- Disinvestment of profit making public sector Enterprises.
- Permitting private sectors to establish Industrial Units without taking a licence.
- Chronically sick industries were referred to BIFR for the formulation of revival or rehabilitation plan.
Which of the processes given above is/are taken after adoption of LPG model?
(a)
(b)
(c)
(d)
LPG model of economic development process in India involves disinvestment of profit making public sector enterprises, permitting private sectors to establish industrial units without taking a licence and chronically sick industries were referred to BIFR for the formulation of revival or rehabilitation.
Q-7) The Multi-Dimensional Poverty India developed by Oxford Poverty and Human Development Initiative with UNDP support covers which of following? - Deprivation of Education, health, assets and services at household level.
- Purchasing power parity at national level.
- Extent of budget deficit and GDP growth rate at national level.
Select the correct answer using the codes given below.
(a)
(b)
(c)
(d)
Q-8) Consider the following statements :
- LPG model of the Indian Economy was fully implemented in the Eighth Five Year plan.
- The Eighth plan envisaged an annual average growth rate of 5.6% but the real growth rate was 6.8%.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
The economy of India had undergone significant policy shifts at the beginning of the 1990s at the time of the eighth plan. This new model of economic reforms is commonly known as the LPG or Liberalization, Privatization and Globalization model.
LPG model of economic development in India was proposed by Dr Manmohan Singh, economist and finance minister at that time.
Moreover, the Eighth plan envisaged an annual average growth rate of 5.6% but the real growth rate was 6.8%.
Q-9) One of the problems in calculating the national income in India currently is
(a)
(b)
(c)
(d)
Q-10) Depreciation is equal to
(a)
(b)
(c)
(d)
Depreciation is equal to GNP–NNP (Gross national products–Net national products) In economic, Depreciation is the gradual decrease in the economic value of the capital stock of a form nation or other entity.