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The following question based on Introduction to Indian Economy topic of indian economy mcq
(a) Y.V. Reddy
(b) Santosh Kumar
(c) Udaya Kumar
(d) Dr. Rangarajan
The correct answers to the above question in:
Answer: (c)
Udaya Kumar, an assistant professor at IIT Guwahati, is the designer of the Indian rupee sign. The design resembles both the Devanagari letter “j” (ra) and the Latin capital letter “R”, with a double horizontal line at the top.
The design was selected through an “open” competition among Indian residents.
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Read more introduction Based Indian Economy Questions and Answers
Question : 1
According to the Employment Outlook 2007 reports of the Organisation for Economic Cooperation and Develop-ment (OECD), the number of new jobs created in India every year from 2000 to 2005 is
a) 13 million
b) 8 million
c) 11 million
d) 5 million
Answer »Answer: (c)
Over the period 2000-05, India generated 11.3 million net new jobs per year, on average. The figure was 7 million in China, 2.7 million in Brazil and 0.7 million jobs in the Russian Federation, compared with an average of 3.7 million net new jobs generated in the OECD area as a whole each year over the same period.
Question : 2
What is the maximum number of days of employment a rural poor would get under ‘MGNREGA’?
a) 120 days
b) 180 days
c) 100 days
d) 90 days
Answer »Answer: (c)
Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), is Indian labour law and social security measure that aims to guarantee the ‘right to work’.
It aims to enhance livelihood security in rural areas by providing at least 100 days of wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work.
Question : 3
NTPC is a Central Public Sector Enterprise in which sector?
a) Health
b) Education
c) Power
d) Transport
Answer »Answer: (c)
NTPC Limited (previously known as National Thermal Power Corporation Limited) is an Indian PSU Public Sector Undertaking, engaged in the business of generation of electricity and allied activities.
NTPC’s core business is the generation and sale of electricity to state-owned power distribution companies and State Electricity Boards in India.
Question : 4
One of the reasons for India’s occupational structure remaining more or less the same over the years has been that
a) Ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture
b) investment pattern has been directed towards capital intensive industries
c) productivity in agriculture has been high enough to induce people to stay with agriculture
d) People are largely unaware of the significance of transition from agriculture to industry for economic development
Answer »Answer: (b)
Question : 5
In India which of the following taxes is levied by the State Governments?
a) Capital gains tax
b) Excise duty on liquor
c) Customs tax
d) Corporation tax
Answer »Answer: (b)
Excise duty on production few items including that on liquor is imposed by state governments.
Excise duty on alcohol, alcoholic preparations, and narcotic substances is collected by the State Government and is called “State Excise” duty. For most of the states, excise duty is the second largest tax revenue after sales taxes (State VAT).
Question : 6
Consider the following statements :
- Higher growth in GDP and population can occur together.
- Per capita income always decreases with high population growth.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
Higher growth in GDP and population can occur together. Per capita income always decreases with high population growth as income per person decreases with rise in population.
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
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introduction to indian economy section 5
introduction to indian economy section 6
introduction to indian economy section 7
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introduction to indian economy section 9
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introduction to indian economy section 11
introduction to indian economy section 12
introduction to indian economy section 13
introduction to indian economy section 14
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