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) 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.
The correct answers to the above question in:
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$).
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Question : 1
The Kaushal Kendra (skilling center) under the Pradhan Mantri Mudra Yojana has been inaugurated in the city of ___
a) Kolkata
b) Noida
c) Mumbai
d) Hyderabad
Answer »Answer: (b)
Prime Minister Narendra Modi, on 5 April 2016, launched the Stand Up India Scheme to promote entrepreneurship among Scheduled Caste/Scheduled Tribes and Women entrepreneurs.
On this occasion, the Prime Minister also inaugurated a Kaushal Kendra (Skilling Center) under Pradhan Mantri Mudra Yojna in Noida, Uttar Pradesh.
Question : 2
Which indicators are used to calculate the Human Development Index (HDI)?
a) Life expectancy, educational attainment, per capita GDP
b) Population growth, per capita GDP, life expectancy
c) Population growth, infant rate, malnutrition
d) Current account balance, infant mortality rate, educational attainment.
Answer »Answer: (b)
Question : 3
Which one of the following currencies has the highest value in terms of rupee ?
a) Dollar
b) Pound
c) Euro
d) Saudi Rial
Answer »Answer: (b)
1 British pound sterling = 86.9932 Indian rupees;
1 US dollar = 54.3300 Indian rupees;
1 euro = 69.7163 Indian rupees; and
1 Saudi riyal = 14.4872 Indian rupees.
Question : 4
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 : 5
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 : 6
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.
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 12
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introduction to indian economy section 14
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