Practice Quiz set 7 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) According to the 14th Finance Commission, the percentage share of States in the net proceeds of the shareable Central tax revenue should be
(a)
(b)
(c)
(d)
Q-2) Consider the following statements about Indian Economy?- During 11th Five Year Plan, the foodgrain production steadily increased.
- During 11th Five Year Plan, the average inflation on the wholesale price Index is above 10%.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
During The eleventh plan ( 2007-12) the food grain production steadily increased and the average inflation on the wholesale price Index was above 10%.
Q-3) _____ is/are not matched correctly? - First Plan 1950-55
- Third Plan 1961-66
- Fourth Plan 1966-71
- Seventh Plan 1985-90
(a)
(b)
(c)
(d)
Q-4) Consider the following statements regarding Indian planning:
- The Discount and Finance House of India was set up in 1990.
- The Discount and Finance House of India is a subsidiary of RBI.
- DFHI deals with financing long-term loans.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
The Discount and Finance House of India was set up in 1988 by the Reserve Bank of India to help develop the money market in India.
DFHI deals with treasury bills of different maturities and rediscount short-term commercial bills.
Q-5) Consider the following statements
- Food for Work Programme was launched in India during the 10th Five Year Plan.
- The Planning commission in India is a constitutional body.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
According to The National Food for Work Programme, food subsidy should be better targeted through targeted public distribution system and specific programmes for the poor like Food for Work Programme.
The National Food for Work Programme was launched on 14 November 2004 in 150 of the most backward districts of India with the objective of generating supplementary wage employment. The Planning commission is not a constitutional body.
Q-6) Consider the following statements :
- MNREGA was launched in the 11th five-year plan.
- Indira Awas Yojana was launched in the 9th Five Year Plan.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
The Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) is an Indian law that aims to guarantee the ‘right to work’ and ensures livelihood security in rural areas by providing at least 100 days of guaranteed wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work. MNREGA was launched in 200 select districts in 2006.
However, Indira Awas Yojana was launched in the 9th Five Year Plan to provide housing for the rural poor in India.
Q-7) Indian economy has witnessed highest growth rate in GDP in the year
(a)
(b)
(c)
(d)
In the year 2006 – 07, the Indian economy has witnessed highest growth rate in GDP. The economy grew by 7.7 %.
Q-8) Match List-I with List-II and select the correct answer from the codes given below –
List I
List II
A. Sarva Shiksha Abhiyan
1. 1987
B. Saakshar Bharat Mission
2. 1988
C. Operation Blackboard
3. 2001
D. National Literacy Mission
4. 2009
| List I | List II |
| A. Sarva Shiksha Abhiyan | 1. 1987 |
| B. Saakshar Bharat Mission | 2. 1988 |
| C. Operation Blackboard | 3. 2001 |
| D. National Literacy Mission | 4. 2009 |
(a)
(b)
(c)
(d)
- Sarva Shiksha Abhiyan, 2001;
- Saakshar Bharat Mission, 2009;
- Operation Blackboard, 1987 and
- National Literacy Mission, 1988.
Q-9) Chronic unemployment is measured using:
(a)
(b)
(c)
(d)
Q-10) Fourth Plan failed due to- Indo-China conflict
- Bangladesh refugee influx
- bad monsoons
- bad prices situation
(a)
(b)
(c)
(d)