introduction to indian economy section 11 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
- Improve the banking sector’s ability to absorb shocks arising from financial and economic stress.
- Improve risk management and governance.
- Strengthen banks’ transparency.
(a) 1 and 2 only
(b) 1 and 3 only
(c) 1 only
(d) 1, 2 and 3
The correct answers to the above question in:
Answer: (d)
Basel III (or the Third Basel Accord) is a global, voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity risk.
So all the given statements are correct.
Discuss Form
Read more introduction Based Indian Economy Questions and Answers
Question : 1
What was the objective of Command Area Development Programme?
a) Poverty alleviation in selected areas
b) To ensure better utilisation of irrigation potential
c) To develop the areas under the command of Army
d) To ensure that land is given to the tillers
Answer »Answer: (b)
The Command Area Development Programme was launched in the year 1974-75 under Centrally Sponsored Scheme, with the objective of fast utilization of created irrigation potential and optimum agriculture production from irrigable land.
It aimed at:
- reclamation of waterlogged areas;
- construction of field irrigation channels;
- construction of field drains;
- all-around development of areas pertaining to agriculture, etc.
Question : 2
Consider the following Statement
- The relationship between population growth and economic development can be explained by the Theory of Demographic Transition for contemporary developed nations.
- The three stages of population growth are stable or slow population growth, population explosions, low birth rates and low death rates.
a) 2 only
b) 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
Population growth directly impacts the Indian economy. The three stages of population growth are:
The first stage of stable or slow population growth:
The growth of the population was slow due to the high death rate which nullified the high birth rate.
In this stage, these economies were primitive and primarily agrarian, with widespread illiteracy, poor sanitation and health care conditions, negligible knowledge of family planning and large family sizes which contributed to factors such as high fertility rate and high death rate. In the period between the first and the second stages, the death rates start reducing and birth rates remain stable which brings an imbalance in the economy.
Measures like diseases control, improving nutrition levels, and sanitation improvement are implemented to reduce death rates, but the measures for controlling birth rates are not implemented, which results in a population explosion. This required a period of transition for adjustment, thus bringing the second stage of transition.
The second stage of population explosions:
In this stage rise in income levels contributed to improvement in health care, education, disease control and so on which in turn contributed to reducing the death rates. This accelerated the growth of the population. The family size reduced and improved trade and economic conditions resulted in more food and better food habits which further helped the population to grow at a much higher rate than in the first stage. The demographic changes brought imbalances in the economy, creating conditions for further transition of society.
The third stage of low birth rates and low death rates:
Modernization and industrialization changed the living pattern in such nations, the rural population shifted to cities and family sizes were reduced to become nuclear families. The standard of living increased which further brought down mortality rates and birth rates. As a result, the growth of the population declined.
Question : 3
During period of inflation, rates should
a) Decrease
b) Fluctuate
c) Remain constant
d) Increase
Answer »Answer: (d)
During inflation interest rates should increase so that the investor invests more in lieu of higher interest-earning thus money supply reduces which can reduce inflation.
Similarly higher interest rates mean credit becomes costly so that again supply of money reduces which helps in curbing inflation.
Question : 4
Which State in India has introduced FAT Tax on junk food
a) Kerala
b) Rajasthan
c) Andhra Pradesh
d) Bihar
Answer »Answer: (a)
In a first-of-its-kind move in the country, Kerala, in July 2016, introduced a ‘fat tax’ on the consumption of junk food items like pizzas and burgers sold through branded restaurants.
The state government imposed a 14.5% tax on branded restaurants selling items like tacos, pizzas, burgers, sandwiches, among others.
Question : 5
Antyodaya Programme is associated with :
a) bringing up cultural revolution in India
b) liberation of bonded labour
c) demands of textile labourers
d) upliftment of the poorest of the poor
Answer »Answer: (d)
Antyodaya Anna Yojana (AAY) is a centrally sponsored scheme that was launched on December 25, 2000, for one crore of the poorest families. It is an important milestone in providing foodgrains to the poor.
It contemplated providing 25 kg. of foodgrains per month at highly subsidized rates of Rs.2 per kg. for wheat and Rs.3 per kg. for rice to each Antyodaya family.
This scheme reflects the commitment of the Government of India to ensure food security for all, create a hunger-free India in the next five years and reform and improve the Public Distribution System so as to serve the poorest of the poor in rural and urban areas.
Question : 6
At present, India is following
a) Pegged down exchange rate
b) Floating exchange rate
c) Pegged up exchange rate
d) Fixed exchange rate
Answer »Answer: (b)
The exchange rate can be defined as the value of one currency in terms of another. India follows a floating exchange rate system for the determination of the exchange rate.
A floating exchange rate system can be defined as a system where the exchange rate between currencies is not fixed but keep fluctuating, as they are determined by the demand and supply for the domestic currency in the international market.
India has been operating on a managed floating exchange rate regime since March 1993, marking the start of an era of a market-determined exchange rate regime of the rupee with provision for timely intervention by the central bank.
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
Mensuration Aptitude Practice Mcq Questions IBPS Clerk 2024
Most Important Practice Mensuration aptitude multiple choice questions, answers with detailed solutions, PDF beginner to advanced for IBPS Clerk Prelims 2024
Continue Reading »
Top Clock Aptitude Questions and Answers PDF IBPS Clerk 2024
Recent Important IBPS Clerk Prelims 2024 Aptitude Clock MCQ Questions and answers with easy and logical explanation, PDF. Topic wise Free online practice test
Continue Reading »
New Time and Distance Aptitude MCQ PDF for IBPS Clerk 2024
Latest Time and Distance multiple choice questions and answers with solution PDF for IBPS Clerk Prelims 2024. Practice Speed Aptitude based Objective Mcq
Continue Reading »
Word Formation Objective Questions MCQs for IBPS Clerk 2024
Current year Important Objective Questions and Answers with Explanation for IBPS Clerk Prelims 2024 exam. English Vocabulary multiple choice practice exercises
Continue Reading »