introduction to indian economy section 14 MCQ Questions & Answers Detailed Explanation
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The following question based on Introduction to Indian Economy topic of indian economy mcq
(a) 1972-73 and 1976-77
(b) 1971-72 and 1976-77
(c) 1972-73 and 1975-76
(d) 1970-71 and 1974-75
The correct answers to the above question in:
Answer: (a)
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Read more introduction Based Indian Economy Questions and Answers
Question : 1
Which of the following is the Regulator of the credit rating agencies in India ?
a) SBI
b) RBI
c) SIDBI
d) SEBI
e) None of These
Answer »Answer: (e)
The Indian credit rating industry mainly comprises
- CRISIL,
- CIBIL,
- ICRA,
- CARE,
- ONICRA,
- FITCH and
- SMERA.
The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. RBI is India’s central bank. SIDBI (Small Industries Development Bank of India) financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises in India.
Question : 2
The objective of the National Population Policy (NPP) is
- The immediate objective is to address the unmet needs for contraception, health care infrastructure and basic reproductive and child health care.
- The medium-term objective is to bring the Total Fertility Rate (TFR) to replacement levels of 2.1 by 2010.
- The short-term objective is to achieve a stable population by 2045, at a level consistent with the requirement of sustainable economic growth, social development and environmental protection.
a) 2
b) 3
c) 1
d) All are correct
Answer »Answer: (b)
The long-term objective of NPP is to achieve a stable population by 2045, at a level consistent with the requirement of sustainable economic growth, social development and environmental protection.
Question : 3
Consider the following statements:
- Chit funds in India are governed by the Chit Funds Act, 1982.
- The chit funds are governed/regulated by Central Government.
- The prize of chit funds and money circulation schemes are illegal.
a) 1 and 2 both
b) 2 only
c) 1 only
d) 1, 2 and 3
Answer »Answer: (a)
Chit funds in India are governed by the Chit Funds Act, 1982. Under this Act, the chit fund businesses can be registered and regulated only by the respective state government.
The regulator of chit funds is the Registrar of Chit Funds appointed by the respective state government under Section 61 of the Chit Funds Act.
Question : 4
Which of the following is not a method of estimating national income?
a) Output method
b) Expenditure method
c) Matrix method
d) Income method
Answer »Answer: (c)
The national income of a country can be measured by three alternative methods:
- Product Method,
- Income Method, and
- Expenditure Method.
Product Method: In this method, national income is measured as a flow of goods and services;
Income Method: Under this method, national income is measured as a flow of factor incomes;
Expenditure Method: In this method, national income is measured as a flow of expenditure.
Question : 5
Current Fiscal Deficit percentage in GDP is
a) 4
b) 7
c) 8
d) 1
e) None of These
Answer »Answer: (e)
The current Fiscal Deficit percentage in GDP (Gross Domestic Product) is 4 per cent.
Note: In his budgetary speech Finance Minister Arun Jaitley pegs fiscal deficit at 3.2% of GDP for 2017-18.
Question : 6
The fourteen major banks in India were nationalised in the year
a) 1968
b) 1967
c) 1969
d) 1971
Answer »Answer: (c)
In 1969, 14 major private commercial banks were nationalized. This was followed by a second phase of nationalization in 1980, when Government of India acquired the ownership of 6 more banks, thus bringing the total number of nationalized Banks to 20.
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
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