introduction to indian economy section 14 Practice Questions Answers Test with Solutions & More Shortcuts
Introduction to Indian Economy PRACTICE TEST [14 - EXERCISES]
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introduction to indian economy section 14
Question : 46 [SSC CAPFs 2015]
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 : 47
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 : 48
Quaternary sector implies
a) Activities related to manufacturing
b) Fishing activities
c) Activities related to mining and quarrying
d) Research and developmental activities
Answer »Answer: (d)
Quaternary sector is characterized by the intellectual persons or individuals or group of individual. It includes the research and development activities. Mining and quarrying and fishing are concerned with primary sector activities.
Question : 49 [SSC IT 2007]
‘NABARD’ is associated with the development of
a) real estates
b) heavy industries
c) banking sector
d) agricultural sector and rural areas
Answer »Answer: (d)
National Bank for Agriculture and Rural Development (NABARD) has been accredited with “matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India”.
It serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.
Question : 50
Disguised unemployment generally means:
- a large number of people remain unemployed
- alternative employment is not available
- the marginal productivity of labour is zero
- productivity of workers is low
a) 3 and 1 only
b) 2 only
c) 1 and 4 only
d) 3 only
Answer »Answer: (d)
Suppose three people work on the farm, produce 200 kg wheat. If one of them is removed, still farm produces 200 kg wheat.
That is disguised unemployment marginal productivity is zero.
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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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