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) Kerosene oil
(b) ATF
(c) LPG
(d) DAP
The correct answers to the above question in:
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.
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Read more introduction Based Indian Economy Questions and Answers
Question : 1
The period of the Eleventh FiveYear Plan is
a) 2006 to 2011
b) 2005 to 2010
c) 2007 to 2012
d) 2008 to 2013
Answer »Answer: (c)
Eleventh Five-Year Plan (2007–2012) aims to
- accelerate GDP growth from 8% to 10% and then maintain at 10% in the 12th Plan in order to double per capita income by 2016–17;
- create 70 million new work opportunities;
- increase the agricultural GDP growth rate to 4% per year to ensure a broader spread of benefits; etc.
Question : 2
Corporate loans are given to:
a) Limited Individuals
b) Limited Companies
c) Proprietary concerns
d) Limited Educational Institutions
Answer »Answer: (b)
Corporate loans refer to a loan that is given to a company, rather than to a government organization or an individual person.
These loans come in form of working capital finance facilities and term loans and are available to corporate bodies engaged in any legal activity with the object of making a profit.
Such bodies include the sole proprietorship firm, partnership firm, private limited company or a public limited company.
Question : 3
Human Development Index comprises literacy rates, life expectancy at birth and
a) GDP per head at real purchasing power.
b) GNP in US dollars
c) GDP per head in the US dollars.
d) National Income per head in US dollars.
Answer »Answer: (d)
Human Development Report the HDI combines three dimensions:
- A long and healthy life: Life expectancy at birth,
- Education Index: Mean years of schooling and
- Expected years of schooling and A decent standard of living: GNI per capita (PPP US$).
Question : 4
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 : 5
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 : 6
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.
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
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