introduction to indian economy section 10 Practice Questions Answers Test with Solutions & More Shortcuts
Introduction to Indian Economy PRACTICE TEST [14 - EXERCISES]
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Question : 36 [SSC CHSL 2014]
The ‘Slack Season’ in the Indian Economy is
a) September-December
b) March-April
c) January-June
d) February-April
Answer »Answer: (c)
July–December corresponds to the main agricultural season in India, while January–June is a relatively ‘slack’ season.
Since more than 50% of India’s workforce is engaged in agriculture sector, the slackness of this sector imparts sluggishness to the entire economy.
Question : 38 [SSC LDEO 2012]
Who amongst the following has never been the Governor of Reserve Bank of India ?
a) C. Rangarajan
b) D. Subbarao
c) B.B. Bhattacharya
d) Y.V. Reddy
Answer »Answer: (c)
D Subbarao - 05.09.2008– Till date
C Rangarajan - 22.12.1992 – 22.11.1997
Y.V. Reddy - 05.09.2003 – 04.09.2008
Question : 40 [SSC CHSL 2014]
Which is not a measure undertaken by government to check inflation ?
a) Increase in production
b) Increase in consumption
c) Reduction in Deficit financing
d) Taxation measures
Answer »Answer: (b)
One of the important fiscal measures undertaken by governments to check inflation is to cut personal consumption expenditure. It is done by raising the rates of personal, corporate and commodity taxes and even levying new taxes.
The government can also reduce unnecessary expenditure on non-development activities in order to curb inflation.
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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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