introduction to indian economy section 9 MCQ Questions & Answers Detailed Explanation
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The following question based on Introduction to Indian Economy topic of indian economy mcq
(a) SBI
(b) Yes Bank
(c) ICBC
(d) HDFC
The correct answers to the above question in:
Answer: (c)
Industrial and Commercial Bank of China (ICBC) tops the list of global banks, with a market capitalisation of $285 billion, over seven times that of HDFC Bank.
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Question : 1
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
Answer »Answer: (a)
In India, ‘Small Farmer’ means a farmer cultivating (as owner or tenant or share cropper) agricultural land of more than 1 hectare and up to 2 hectares (5 acres). ‘Marginal Farmer’ means a farmer cultivating agricultural land up to 1 hectare (2.5 acres).
Question : 2
Consider the following statements about the population of India:
- Due to the high rate of population growth, it has not been possible to make a significant change in the poverty levels in India.
- The higher the population growth, the higher is the rate of growth of per capita income.
- 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.
- 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
Answer »Answer: (a)
The increasing population of India hinders the economic growth of the country. It is important to control the population growth.
Question : 3
Beginning from the Financial Year 2017–18 NITI Ayog plans to replace the 5 year plans with which of the following?
a) 10 year Vision Document
b) 5 year Vision Document
c) 15 year Vision Document
d) 20 year Vision Document
Answer »Answer: (c)
Abandoning the ancient concept of five-year plans that India has been following since 1951, the National Institution for Transforming India (NITI) Aayog has decided to come up with a 15-year vision document in tandem with global trends and economic growth.
Cleared by Prime Minister Narendra Modi in May 2016, the new blueprint will be implemented after the last of the five-year plans, the 12th (2012- 17) ends in 2017.
Question : 4
When was the Pradhan Mantri Fasal Bima Yojana launched ?
a) February 2015
b) February 2000
c) January 2016
d) February 1995
Answer »Answer: (c)
Prime Minister Narendra Modi launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) on 13 January 2016. The Prime Minister unveiled the detailed guidelines for implementing the Fasal Bima Yojana at a farmers’ convention in Madhya Pradesh on 18 February 2016.
PMFBY aims to provide more efficient insurance support to the farmers of the country in the event of crops being destroyed by heavy rain, other natural calamities, pests or diseases.
Question : 5
Consider the following statements :
- Inflation benefits the debtors.
- Inflation benefits the bond-holders.
a) 1 only
b) Both 1 and 2
c) 2 only
d) Neither 1 nor 2
Answer »Answer: (a)
Inflation redistributes wealth from creditors to debtors i.e., lenders suffer and borrowers benefit out of inflation.
Bondholders = this person has lent money (to debtors) and received a bond in return.
So he is a lender, he suffers, by the way, they haven’t specifically used the word – “inflation-indexed bonds”, hence we cannot say inflation benefits the bond-holders.
Question : 6
Which of the following ‘Public Undertakings’ has not been conferred with ‘Maharatna’ Status ?
a) BHEL
b) SAIL
c) ONGC
d) Coal India Limited
Answer »Answer: (a)
There are 5 Maharatna companies: Coal India Limited, Indian Oil Corporation Limited, NTPC Limited, Oil and Natural Gas Corporation Limited and Steel Authority of India limited. Bharat Heavy Electricals Limited (BHEL) is a navaratna company.
GET Introduction to Indian Economy PRACTICE TEST EXERCISES
introduction to indian economy section 1
introduction to indian economy section 2
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introduction to indian economy section 5
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introduction to indian economy section 8
introduction to indian economy section 9
introduction to indian economy section 10
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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
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