introduction to indian economy section 14 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 14 EXERCISES
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The following question based on Introduction to Indian Economy topic of indian economy mcq
- 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
The correct answers to the above question in:
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.
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Question : 1
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 : 2
Consider the following:
- Mehbub ul Haq
- Inge Kaul
- David Hilton
a) 2 and 3
b) 1 and 3
c) 1 and 2
d) 1, 2, 3
Answer »Answer: (a)
The team which developed HDI was led by Mehbub ul Haq and Inge Kaul.
Question : 3
On the administered price of which of the following articles no subsidy is given ?
a) Kerosene oil
b) ATF
c) LPG
d) DAP
Answer »Answer: (b)
In India, no subsidy is given to Aviation Turbine Fuel (ATF). Indian Oil Aviation Service is a leading aviation fuel solution provider in India and the most preferred supplier of jet fuel to major international and domestic airlines. Jet fuel is a colourless, combustible, straight-run petroleum distillate liquid.
The highly punitive fiscal regime in India is the primary problem for the aviation sector. The cost of Aviation Turbine Fuel in India is almost 60% higher than international benchmarks.
Combined with a high base price, fuel now represents 45-55% of a carrier’s operating costs.
Question : 4
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 : 5
In which of the following years, was the trade balance favourable to India?
a) 1972-73 and 1976-77
b) 1971-72 and 1976-77
c) 1972-73 and 1975-76
d) 1970-71 and 1974-75
Answer »Answer: (a)
Question : 6
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.
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
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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
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