Practice Quiz set 9 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) SDR called as paper gold is associated with
(a)
(b)
(c)
(d)
SDR (Special Drawing Rights) is an international financing instrument created in 1970 by the International Monetary Fund (IMF).
It is also called paper gold, an SDR is neither paper nor gold but an accounting entry. It is not backed by any currency or precious metal and is used only among governments and IMF for the balance of payments settlements.
Q-2) Consider the following statements : - The first news print plant was set up in India at Nepanagar.
- The first modern steel plant in India was set up at Bhadrawati.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
The first newsprint plant was set up in India at Nepanagar in 1948. The first modern steel plant TISCO was founded in 1907 by Dorabji Tata in Jamshedpur.
Q-3) Which of the following commissions / companies of Indian origin signed a pact for obtaining oilblocks in Libya?
(a)
(b)
(c)
(d)
Oil sector majors, ONGC Videsh (OVL) and the Oil India-IndianOil (OIL-IOC) combine have bagged an oil block each in Libya.
This will enhance exploration possibilities for the Indian companies in northern Africa.
Q-4) Which of the following sectors have the highest allocation in “National Infrastructure Pipeline” (NIP)?
(a)
(b)
(c)
(d)
Under National Infrastructure Pipeline (NIP), Government has a plan to spend around Rs. 102 lakh crores in various infrastructure sectors to achieve the $5 Trillion economy by 2024-25. NIP will cover the period from 2019-20 to 2024-25. To draw up the NIP plan, an inter-ministerial Task Force was set up in September 2019 under the chairmanship of Secretary (DEA), Ministry of Finance.
As per the NIP, Central Government (39 per cent) and State Government (39 per cent) are expected to have equal share in funding of the projects followed by the Private Sector (22 per cent). The funds allocated to some major sectors are Energy (24%), Roads (19%), Urban (16%) and Railways (13%) etc.
Q-5) The Planning Commission fixed the baseline of poverty per capita per month in city areas to
(a)
(b)
(c)
(d)
The Planning Commission fixed the baseline of poverty per capita for rural areas using the Tendulkar methodology at Rs. 816 per capita per month and Rs. 1,000 per capita per month in urban areas.
Q-6) The slack season in the Indian economy is
(a)
(b)
(c)
(d)
The slack season in the Indian economy is Jan- June.
Q-7) With reference to the National Investment Fund to which the disinvestment proceeds are routed, consider the following statements?
- The assets in the National Investment Fund are managed by the Union Ministry of Finance.
- The National Investment Fund is to be maintained within the Consolidated Fund of India.
- Certain Asset Management companies are appointed as fund managers.
- A certain proportion of annual income is used for financing select social sectors.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
On 27 January 2005, the Government had decided to constitute a ‘National Investment Fund’ (NIF) into which realization from the sale of minority shareholding of the Government in CPSEs would be channelised.
This fund is managed by professionals and a part of it is used for use in the social sector – like education, health care and employment.
Q-8) Consider the following statements according to Micro, Small and Medium Enterprises Development (MSMED) Act 2006 of Indian Economy.
- The Micro Enterprises are those whose capital asset is less than 25 lakh.
- Small Enterprises are those industries whose capital asset is from 10 lakh to 5 crores.
- The capital asset including machinery of more than 5 crores is known as Medium Enterprises.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
A microenterprise is an enterprise where investment in plant and machinery does not exceed RS. 25 lakh.
A small enterprise is an enterprise where the investment in plant and machinery is more than RS. 25 lakh but does not exceed RS. 5 crore, and A medium enterprise is an enterprise where the investment in plant and machinery is more than RS. 5 crore but does not exceed RS. 10 crore.
Q-9) Correlate the following;
List I
List II
(Industry)
(Field)
A. Basic industry
1. Fertilizer
B. Strategic industry
2. Petroleum
C. Critical industry
3. Automobile
D. Goods based industry
4. Arms and Ammunition
Codes: A B C D
| List I | List II |
| (Industry) | (Field) |
| A. Basic industry | 1. Fertilizer |
| B. Strategic industry | 2. Petroleum |
| C. Critical industry | 3. Automobile |
| D. Goods based industry | 4. Arms and Ammunition |
(a)
(b)
(c)
(d)
The correct correlation of industries and their fields are :
- Basic industry — petroleum
- Strategic industry — Arms and Ammunition
- Critical industry — Automobile
- Goods based industry — Fertilizer
Q-10) What are autonomous bodies?
- They are primarily meant to provide essential services such as railways.
- They are public enterprises that came into existence by a Special Act of the Parliament.
- They are companies in which 51% or more of the paid-up capital is held by the central or any state government (partly or wholly by both).
- They are set up whenever it is felt that certain functions need to be discharged outside the governmental set-up with some amount of independence and flexibility without day-to-day interference from the governmental machinery
(a)
(b)
(c)
(d)
Autonomous bodies are set up whenever it is felt that certain functions need to be discharged outside the governmental set up with some amount of independence and flexibility without day-to-day interference from the governmental machinery.