introduction to indian economy section 13 MCQ Questions & Answers Detailed Explanation
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The following question based on Introduction to Indian Economy topic of indian economy mcq
(a) Health
(b) Education
(c) Power
(d) Transport
The correct answers to the above question in:
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.
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Question : 1
Who prepares National Income in India?
a) Central Statistical Organization
b) Planning commission
c) Reserve Bank of India
d) National Income Committee
Answer »Answer: (a)
Since 1955 the national income estimates are being prepared by Central Statistical Organisation (CSO).
The CSO uses different methods like the Product Method, Income Method and Expenditure method for various sectors in the process of estimating the National Income.
Question : 2
Which of the following PSUs has been privatised?
a) CMC
b) HZL
c) Hotel Corporation of India
d) NALCO
Answer »Answer: (b)
Hindustan Zinc Limited (HZL) is an integrated mining and resources producer of zinc, lead, silver and cadmium. It is a subsidiary of Vedanta Resources PLC. HZL is the world’s second-largest zinc producer. Hindustan Zinc Limited was incorporated from the erstwhile Metal Corporation of India on 10 January 1966 as a Public Sector Undertaking. In 2001 as part of the BJP Government’s anti-corruption drive, the company was put up for sale.
In April 2002, Sterlite Opportunities and Ventures Limited (SOVL) made an open offer for the acquisition of shares of the company; consequent to the disinvestment of Government of India’s (GOI) stake of 26% including management control to SOVL and acquired an additional 20% of shares from the public, pursuant to the SEBI Regulations 1997.
In August 2003, SOVL acquired additional shares to the extent of 18.92% of the paid-up capital from GOI in the exercise of the “call option” clause in the share holder’s agreement between GOI and SOVL.
Question : 3
Which among the following is the full form of GDP?
- Gross Data Product
- Gross Domestic Product
- Group Domestic Product
- Group Data Product
a) 2 only
b) 3 only
c) 1 only
d) 4 only
Answer »Answer: (a)
Question : 4
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 : 5
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 : 6
The new symbol of Indian currency is designed by
a) Y.V. Reddy
b) Santosh Kumar
c) Udaya Kumar
d) Dr. Rangarajan
Answer »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.
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
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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
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