introduction to indian economy section 3 Practice Questions Answers Test with Solutions & More Shortcuts
Introduction to Indian Economy PRACTICE TEST [14 - EXERCISES]
introduction to indian economy section 1
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introduction to indian economy section 14
Question : 41 [SSC GL 2013]
In India, Special Economic Zones were established to enhance:
a) Foreign Investment
b) Free trade
c) Employment
d) Technology Development
Answer »Answer: (a)
Special Economic Zone (SEZ) was established in India with the objectives of:
- Generation of additional economic activity;
- Promotion of exports of goods and services;
- Promotion of investment from domestic and foreign sources;
- Creation of employment opportunities;
- Development of infrastructure facilities.
It aimed to attract larger foreign investments.
Question : 42 [SSC SIG 2005]
Which Indian company secured the highest export revenue from IT software and services during the past two years ?
a) Infosys Technologies Ltd.
b) TCS
c) Wipro Technologies Ltd.
d) Satyam Computer Services Ltd.
Answer »Answer: (b)
Tata Consultancy Services (TCS) is India’s top software services exporter. TCS is part of the Tata Group conglomerate that also manufactures cars and steel, and serves customers including Citigroup Inc and BP Plc.
It is one of India’s most valuable companies and is the largest India-based IT services company by 2012 revenues.
Question : 43 [SSC CML 2000]
Commercialisation of agriculture implies
a) production of crops like wheat or rice
b) plantation
c) production of crops for sale
d) cultivation of timbers
Answer »Answer: (c)
Commercial agriculture is the large-scale production of crops for sale, intended for widespread distribution to wholesalers or retail outlets.
In commercial farming crops such as wheat, maize, tea, coffee, sugarcane, cashew, rubber, banana, and cotton are harvested and sold into world markets.
Question : 44
Consider the following statements:
- The Central Statistical Organisation (CSO) is responsible for calculating the consumer price indices for urban non-manual employees.
- National Sample Survey Organisation (NSSO) collects data for estimating national income.
- NSSO collects rural retail price on monthly basis for calculating Consumer Price Index.
- CSO conducts periodic economic census to collect data on unorganised enterprises.
a) 2 and 4
b) 1, 3 and 4
c) 1, 2, 3 and 4
d) 3 and 4
Answer »Answer: (c)
Question : 45 [SSC CPO 2016]
How do you calculate the poverty line?
a) Income of any individual less than 50 INR in a day
b) Income of an individual under a threshold value published by Government of India
c) Average income of all the individuals in a country
d) Income of a family less than 100 INR in a day
Answer »Answer: (b)
The poverty line in India defines a threshold income; households earning below this threshold are considered poor.
In 2011, the Suresh Tendulkar Committee defined the poverty line on the basis of monthly spending on food, education, health, electricity and transport.
According to this estimate, a person who spends Rs.27.2 in rural areas and Rs.33.3 in urban areas a day are defined as living below the poverty line.
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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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