introduction to indian economy section 4 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 14 EXERCISES
-
Top 500+ Basic Indian Economy GK MCQ Quiz For SSC IBPS »
-
New Indian Economy GK MCQ Quiz PDF For UPSC/IAS Prelims »
-
Basic Indian Economy Concepts MCQs Quiz For RRB NTPC Exam »
-
New 499+ Fundamentals of Indian Economy MCQ Quiz For IBPS »
-
555+ Indian Economy Concepts Basics Fundamentals MCQ Quiz »
-
Top 500+ Indian Economy GK MCQs Quiz PDF For SSC UPSC RRB »
-
New 499+ Indian Economy GK Question And Answers Quiz PDF »
-
Best 500+ Indian Economy General Knowledge MCQ Quiz PDF »
-
500+ Indian Economy General Studies Online MCQ Quiz PDF »
-
New 500+ Indian Economy Basic Static GK MCQ Quiz For IBPS »
-
500+ Introduction to Indian Economy GK MCQ Quiz For SSC »
-
800+ Latest Indian Economy GK Questions & Answers MCQ PDF »
-
1000+ Indian Economy GK Questions And Answers Quiz PDF »
-
1000+ Indian Economy Basic Concepts GK MCQ PDF For SBI PO »
The following question based on Introduction to Indian Economy topic of indian economy mcq
(a) sum total of factor incomes
(b) export minus import
(c) surplus of PSU’S
(d) the annual revenue of the government
The correct answers to the above question in:
Answer: (a)
National income is the sum total of wages, rent, interest, and profit earned by the factors of production of a country in a year.
Thus it is the aggregate values of goods and services rendered during a given period counted without duplication.
Discuss Form
Read more introduction Based Indian Economy Questions and Answers
Question : 1
Which of the following are correct in regard to the austerity measures taken by a country going through adverse economy conditions:
- These measures include a reduction in spending.
- These measures include an increase in tax
- These measures include reduction in budget deficit.
a) 1 and 3 only
b) 2 and 3 only
c) 1 and 2 only
d) 1, 2 and 3
Answer »Answer: (d)
Austerity describes policies used by governments to reduce budget deficits during adverse economic conditions. These policies may include spending cuts, tax increases.
This is done in an economic crisis situation to improve the credit rating of the countries going through adverse economic conditions.
Question : 2
Which one of the following is not an industrial finance institution?
a) ICICI
b) UTI
c) NABARD
d) SFCs
Answer »Answer: (c)
NABARD provides its refinance for the promotion of agriculture in India.
Question : 3
The purchase and sale of securities by the Central Bank is known as
a) Bank rate
b) Variable reserve ratio
c) Open market operation
d) Net liquidity ratio
Answer »Answer: (c)
Open market operation
Question : 4
Which one of the following is not a qualitative control of credit by the Central Bank of a country ?
a) Regulation of consumer credit
b) Rationing of credit
c) Variation of margin requierments.
d) Regulation of margin requirements.
Answer »Answer: (c)
Qualitative credit (used by the RBI for selective purposes) are:
- Margin requirements,
- Consumer Credit Regulation,
- RBI Guidelines,
- Rationing of credit,
- Moral Suasion and
- Direct Action.
The Quantitative Credit measures which control the total quantity of credit are:
- Bank Rate policy,
- Open Market Operations,
- Cash Reserve Ratio and
- Statutory Liquidity Ratio.
Question : 5
India adopted the Five-Year Plans from
a) former USSR
b) France
c) America
d) England
Answer »Answer: (a)
India borrowed features of fundamental duties and planning mechanisms from the former Soviet Union. India opted for a planned economic growth model as resources were scarce at the time of independence.
So it was imperative for the leaders to move along planned model so as to achieve optimum utilization of resources development and meeting the aim of social justice simultaneously.
GET Introduction to Indian Economy PRACTICE TEST EXERCISES
introduction to indian economy section 1
introduction to indian economy section 2
introduction to indian economy section 3
introduction to indian economy section 4
introduction to indian economy section 5
introduction to indian economy section 6
introduction to indian economy section 7
introduction to indian economy section 8
introduction to indian economy section 9
introduction to indian economy section 10
introduction to indian economy section 11
introduction to indian economy section 12
introduction to indian economy section 13
introduction to indian economy section 14
Introduction to Indian Economy Shortcuts and Techniques with Examples
Verbal Reasoning
Question & Answer Quiz
Non Verbal Reasoning
Question & Answer Quiz
Quantitative Aptitude
Question & Answer Quiz
Computer MCQ
Question & Answer Quiz
General English
Question & Answer Quiz
History GK
Question & Answer Quiz
Polity GK
Question & Answer Quiz
Geography GK
Question & Answer Quiz
Economy GK
Question & Answer Quiz
General Awareness GK
Question & Answer Quiz
Recently Added Subject & Categories For All Competitive Exams
New 100+ Compound Interest MCQ with Answers PDF for IBPS
Compound Interest verbal ability questions and answers solutions with PDF for IBPS RRB PO. Aptitude Objective MCQ Practice Exercises all competitive exams
Continue Reading »
100+ Mixture and Alligation MCQ Questions PDF for IBPS
Most importantly Mixture and Alligation multiple choice questions and answers with PDF for IBPS RRB PO. Aptitude MCQ Practice Exercises all Bank Exams
Continue Reading »
IBPS Profit and Loss Questions Solved Problems with PDF
Most important Profit and Loss multiple choice questions and answers with PDF for IBPS RRB PO. 100+ Aptitude MCQ Practice Exercises all competitive exams
Continue Reading »
100+ Average Aptitude Questions Answers solutions MCQ PDF
New Average multiple choice questions and answers with PDF for IBPS RRB PO. 100+ Quantitative Aptitude MCQ Practice Exercises all competitive exams
Continue Reading »