introduction to indian economy section 9 MCQ Questions & Answers Detailed Explanation

Question : 1

In the list of Top 50 Most Valued Global Banks (in terms of market capitalisation) released by Bloomberg on 17 January 2015, which bank got first rank?

a) SBI

b) Yes Bank

c) ICBC

d) HDFC

Question : 2

Small farmers in the country have been defined as those farmers having land holding of

a) one to two hectare

b) below one hectare

c) two to three hectare

d) three to four hectare

Question : 3

Consider the following statements about the population of India:

1. Due to the high rate of population growth, it has not been possible to make a significant change in the poverty levels in India.
2. The higher the population growth, the higher is the rate of growth of per capita income.
3. The rapid growth in population is eroding India’s considerable development gains and steadily diminishing its ability to provide a decent quality of life for a large number of its people.
4. Continuing rapid population growth, in the long run, is likely to mean a lower quality of life for millions of people.

a) 1 and 3

b) 1 and 4

c) 1 and 2

d) 3 and 4

Question : 4

Consider the following statements :

1. Inflation benefits the debtors.
2. Inflation benefits the bond-holders.

a) 1 only

b) Both 1 and 2

c) 2 only

d) Neither 1 nor 2

Question : 5

Which of the following ‘Public Undertakings’ has not been conferred with ‘Maharatna’ Status ?

a) BHEL

b) SAIL

c) ONGC

d) Coal India Limited

Question : 6

The ‘activity rate’ of an economy depends upon so many factors, such as :

1. School leaving age
2. Popularity of higher education
3. Social customs
4. Retirement age

a) 2 and 3

b) 2, 3 and 4

c) 1 and 2

d) 1, 2, 3 and 4