introduction to indian economy section 12 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 4
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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
Question : 31 [SSC CGL 2014]
RRBs are owned by
a) State Government
b) Central Government
c) Sponsor Bank
d) Jointly by all of the above
Answer »Answer: (d)
RRBs are jointly owned by the Centre, the State Government concerned and sponsor banks, with the issued capital shared in the ratio 50:15:35, respectively.
According to the RRB Act, 1976 the authorised capital of each such bank is Rs 5 crore and the issued capital, a maximum of Rs 1 crore.
Question : 32
Match the following Column A & Column B;
Column A | Column B |
I. 1962 | a. The objective of NPP was announced by govt |
II. 1990 | b. First HDR report was published |
III. 2000 | c. Family planning programme was launched |
a) I-a, II-b, III-c
b) I-b, II-a, III-c
c) I-c, II-b, III-a
d) I-c, II-a, III-b
Answer »Answer: (c)
The family planning programme was launched in 1962.
First HDR report was published in 1990.
The objective of NPP was announced by govt in 2000.
Question : 33
Consider the following statements about ‘hidden price rise’ and select the correct code :
- A situation of reduction in quality or amount of a product offered at an unchanged price
- A situation of increase in indirect taxes on goods, which compromises on the quality of the goods offered for sale
a) Only 2
b) 1 and 2 both
c) Only 1
d) Neither 1 nor 2
Answer »Answer: (c)
For example, reduction in the weight of a packet of chocolate sold at the same price as before. This may take place in quality, too.
Question : 34 [SSC SO 1997]
The decimal system of Indian currency was started in
a) 1955
b) 1950
c) 1957
d) 1960
Answer »Answer: (c)
India became independent on 15 August 1947 and was left with a legacy of non-decimal coinage. One rupee was divided into 16 annas or 64 pice, with each anna therefore equal to 4 pice. In 1957, India shifted to the decimal system, but for a short period, both decimal and non-decimal coins were in circulation.
To distinguish between the two pice, the coins minted between 1957 and 1964 have the legend “Naya Paisa” (“new” paisa). The denominations in circulation were 1, 2, 5, 10, 20, 25, 50 (Naya paise and one rupee which remained as the same pre-decimal value.
Therefore pre-decimal coins of one, half and quarter rupees could remain in circulation after decimalisation. The rupee remained unchanged in value and nomenclature.
It, however, was now divided into 100 ‘paisa’ instead of 16 annas or 64 pice. For public recognition, the new decimal Paisa was termed ‘Naya Paisa’ till 1 June 1964 when the term ‘Naya’ was dropped.
Question : 35 [SSC SO 2001]
Under which Act/Policy was the BIFR established ?
a) Companies Act
b) Industrial Policy of 1980
c) Sick Industiral Companies Act
d) MRTP Act
Answer »Answer: (c)
The Board for Industrial and Financial Reconstruction (BIFR) is an agency of the government of India, part of the Department of Financial Services of the Ministry of Finance to determine sickness of industrial companies and to assist in reviving those that may be viable and shutting down the others.
It was established under the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). The board was set up in January 1987 and became functional as of 15 May 1987.
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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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