introduction to indian economy section 7 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 : 36 [SSC CPO 2006]
Which organisation collects data for the unorganised sector ?
a) RBI
b) CSO
c) ASI
d) NSSO
Answer »Answer: (d)
The National Sample Survey Office(NSSO) in India is a unique setup to carry out surveys on socioeconomic, demographic, agricultural and industrial subjects for collecting data from households and from enterprises located in villages and in the towns.
The unregistered manufacturing sub-sector, a complement set to the registered manufacturing sub-sector, covers all the residual units which are not covered under the registered manufacturing sector.
Thus, the unregistered manufacturing sector covers all the manufacturing, processing, repair & maintenance services units employing less than 10 workers and using power or less than 20 workers and not using power. The data on the unorganised sector is collected through periodic surveys by the NSSO.
Question : 37 [SSC CGL 2014]
The new Agricultural Strategy in India was introduced in
a) 1966
b) 1956
c) 1976
d) 1986
Answer »Answer: (a)
In India, a new agricultural strategy was initiated in 1966-67. This initiative heralded the introduction of High Yield Variety of wheat to tackle food security and led to the Green Revolution in India.
Question : 38
Market Based economic climate means:
a) Some financial choice are taken by authorities and different are left to market forces
b) Government has full handle over the exclusive sector
c) All financial determinations are taken based mostly on the demand and provide forces
d) Economic judgements are taken after maintaining in view the social welfare
Answer »Answer: (c)
Market-based mostly economic climate refers back to the financial system the place all financial judgements are taken based mostly on the demand and provide circumstances prevailing out there.
Government has minimal interference in financial actions. Private gamers are free to supply the items and expertise based mostly on the demand and provides alerts out there.
Question : 39 [SSC LDEO 2012]
Who advocated the adoption of ‘PURA’ mbdel to eradicate rural poverty ?
a) Maulana Abul Kalam Azad
b) M.S. Swaminathan
c) Dr. A.P.J. Abdul Kalam
d) A.M.Khusro
Answer »Answer: (c)
Providing Urban Amenities to Rural Areas (PURA ) is a strategy for rural development. The concept was given by former President Dr. APJ Abdul Kalam.
Question : 40 [SSC IT 2004]
Which of the following functions as a controller of credit in India ?
a) The Reserve Bank of India
b) The Central Government
c) The State Bank of India
d) The Planning Commission
Answer »Answer: (a)
Credit Control is an important tool used by the Reserve Bank of India, a major weapon of the monetary policy used to control the demand and supply of money (liquidity) in the economy. Central Bank administers control over the credit that the commercial banks grant.
Such a method is used by RBI to bring “Economic Development with Stability”. It means that banks will not only control inflationary trends in the economy but also boost economic growth which would ultimately lead to an increase in real national income with stability.
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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