introduction to indian economy section 1 Practice Questions Answers Test with Solutions & More Shortcuts
Introduction to Indian Economy PRACTICE TEST [14 - EXERCISES]
introduction to indian economy section 1
introduction to indian economy section 2
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introduction to indian economy section 13
introduction to indian economy section 14
Question : 41
In the paralance of economy / commerce, what is ‘Gild-edged market’?
a) Industrial securities market
b) Market of software technology products
c) Market of safe securities
d) Gold and Silver market
Answer »Answer: (c)
In the parlance of economy, Gild-edged market is called market of safe securities. “Gildedged” denotes high-grade securities, consequently carrying low yields.
Question : 42 [SSC GL 2014]
In India the largest single item of current government expenditure is
a) Interest payment of debt
b) Defence Expenditure
c) Payment of subsidies
d) Investment in social overheads
Answer »Answer: (a)
Interest payments are the single largest item of expenditure. They account for more than 40% of the total non-development expenditure.
These items of expenditure are charged on the Consolidated Fund of India and are not required to be voted by the Lok Sabha.
Question : 43 [SSC GL 2013]
Indian Special Economic Rules amendment came in the year
a) 2002
b) 2000
c) 2004
d) 2006
Answer »Answer: (d)
The Special Economic Zones Rules are associated with the year 2006, though the policy was announced in 2000. The Special Economic Zones Rules, 2006 came into effect on 10 February 2006.
The amendment Rules provided for the simplification of procedures for development, operation, and maintenance of the Special Economic Zones and for setting up and conducting business in SEZ.
Question : 44 [SSC CPO 2005]
Antyodaya Programme is associated with
a) Bringing up cultural revolution in India
b) Liberation of bonded labour
c) Demands of textile labourers
d) Upliftment of the poorest of the poor
Answer »Answer: (d)
Antyodaya Anna Yojana (AAY) is a centrally sponsored scheme launched on December 2000 for one crore of the poorest families. It is on the lookout for the ‘poorest of the poor’ by providing them 35 kilos of rice and wheat at Rs.2 per kg.
Question : 45 [SSC CML 2001]
In Centre-State financial relations in India, Gadgil Formula is used in
a) formulating the policy for fresh borrowings
b) division of tax revenue
c) writing off States’ indebtedness to the Centre
d) allocating Central Plan assistance between States
Answer »Answer: (b)
The Gadgil formula was evolved in 1969 for determining the allocation of central assistance for state plans in India. It was adopted for distribution of plan assistance during Fourth and Fifth Five Year Plans.
It was named after the then deputy chairman of the Planning Commission Dr D R Gadgil.
IMPORTANT indian economy mcq EXERCISES
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Introduction to Indian Economy Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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