introduction to indian economy section 14 MCQ Questions & Answers Detailed Explanation

Answer: (b)

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.

Answer: (d)

The agricultural policy of the Government of India envisages substantial credit flow to increase agricultural production and productivity.

Banks provide term finance to farmers for development purposes and short term loans for production purposes. Besides, NABARD provides its refinance for the promotion of agriculture in India.

Answer: (d)

Human Development Report the HDI combines three dimensions:

1. A long and healthy life: Life expectancy at birth,
2. Education Index: Mean years of schooling and
3. Expected years of schooling and A decent standard of living: GNI per capita (PPP US$).

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.

Answer: (c)

Eleventh Five-Year Plan (2007–2012) aims to

1. 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;
2. create 70 million new work opportunities;
3. increase the agricultural GDP growth rate to 4% per year to ensure a broader spread of benefits; etc.