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) Dollar
(b) Pound
(c) Euro
(d) Saudi Rial
The correct answers to the above question in:
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.
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Read more introduction Based Indian Economy Questions and Answers
Question : 1
The Reserve Bank of India
a) provides finance to primary cooperative societies
b) provides direct fiancee to agriculture
c) provides finance to state cooperative banks
d) does not provide finance to agriculture
Answer »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.
Question : 2
The duration of the Twelfth Five Year Plan is
a) 1 April, 2011 to 31 March, 2016
b) 1 January, 2012 to 31 December, 2017
c) 1 January, 2011 to 31 December, 2016
d) 1 April, 2012to 31March, 2017
Answer »Answer: (d)
The duration of the 12th Five Year Plan is 1 April 2012 to 31 March 2017.
The Eleventh Five Year Plan covered the period from 1 April 2007 to 31 March 2012.
Question : 3
Consider the following statement:
- The high degree of disparity in income/wealth distribution prevails in India which is a characteristics feature of a developing economy.
- In India, almost 60-70% of the total population still resides in rural areas and hence they depend on agriculture for their livelihood.
- India’s per capita income level is much high as compared with other developed countries
a) 1 and 2
b) 1 and 3
c) 3 only
d) 1 only
Answer »Answer: (c)
India is a developing country. Its per capita income level is much low than compared of other developed countries.
The predominance of Agriculture: In India, almost 60-70% of the total population still resides in rural areas and hence they depend on agriculture for their livelihood.
Question : 4
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 : 5
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 : 6
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$).
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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