Practice Quiz set 8 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) Coal mines were Nationalised in the year :
(a)
(b)
(c)
(d)
The Coal Conservation and Development Act, 1974 provides for imposition of excise duty on coal despatches for meeting activities like conservation of coal, development of coal mines execution of stowing and other operations for the safety in coal mines and research work connected with conservation and utilisation of coal, and assistance in mining operation. The Coking Coal (Nationalisation) Act was enacted in 1972.
Q-2) The Community Development Programme was launched in the year
(a)
(b)
(c)
(d)
The community development programme was started in India just after independence in 1952. It was a multi project programme with the aim of an overall development of rural people.
Q-3) Kisan Credit Card scheme was introduced in
(a)
(b)
(c)
(d)
Kisan Credit Card Scheme (KCC) aims at providing adequate and timely support from the banking system to the farmers for their short-term credit needs for the cultivation of crops. This mainly helps farmers purchase inputs etc., during the cropping season.
The credit card scheme proposed to introduce flexibility to the system and improve cost efficiency. It was introduced in August 1998.
Q-4) With reference to Indian economy, consider the following statements: - The rate of growth of Real Gross Domestic Product has steadily increased in the last decade.
- The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
Both statements are correct.
Q-5) According to 2011 census urban-rural population ratio was about-
(a)
(b)
(c)
(d)
Q-6) Consider the following specific stages of demographic transition associated with economic development : - Low birth rate with low death rate
- High birth rate with high death rate
- High birth rate with low death rate
Select the correct order of the above stages using the codes given below :
(a)
(b)
(c)
(d)
2, 3, 1, i.e. High birth rate with high death rate, High birth rate with low death rate, Low birth rate with low death rate.
Q-7) Human Development Index comprises literacy rates, life expectancy at birth and
- GDP per head in the US dollars.
- GDP per head at real purchasing power.
- GNP in US dollars
- National Income per head in US dollars.
Which of the statement is correct
(a)
(b)
(c)
(d)
Human Development Report the HDI combines three dimensions:
- A long and healthy life: Life expectancy at birth,
- Education Index: Mean years of schooling and Expected years of schooling and
- A decent standard of living: GNI per capita (PPP US$).
Q-8) One of the problems in calculating the national income in India correctly is
(a)
(b)
(c)
(d)
Q-9) India exports power to ____.
(a)
(b)
(c)
(d)
India’s commercial export of power to Bangladesh commenced in October 2013 with the inauguration of the Bangladesh-India Power Transmission Centre at western Bherampura, near West Bengal.
India will export 500 MW of electricity daily to Bangladesh for 35 years.
Q-10) The financial capital of India is
(a)
(b)
(c)
(d)
Mumbai is the commercial capital of India. It is one of the world's top 10 centres of commerce in terms of global financial flow, generating 5% of India's GDP, and accounting for 25% of industrial output, 70% of maritime trade in India (Mumbai Port Trust & JNPT), and 70% of capital transactions to India's economy.
The city houses important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India, the SEBI and the corporate headquarters of numerous Indian companies and multinational corporations.