introduction to indian economy section 8 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 7
introduction to indian economy section 8
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introduction to indian economy section 14
Question : 26
Consider the following specific stages of demographic transition associated with economic development :
- Low birth rate with low death rate
- High birth rate with high death rate
- High birth rate with low death rate
a) 2, 1, 3
b) 2, 3, 1
c) 1, 2, 3
d) 3, 2, 1
Answer »Answer: (b)
2, 3, 1, i.e. High birth rate with high death rate, High birth rate with low death rate, Low birth rate with low death rate.
Question : 27 [SSC SO 2006]
In the budget figures of the Government of India, fiscal deficit is
a) revenue expenditure – revenue receipts
b) total expenditure – total receipts
c) capital expenditure – capital receipts + market borrowings
d) sum of budget deficit and Government’s market borrowings and liabilities
Answer »Answer: (d)
The fiscal deficit is the difference between the government’s total expenditure and its total receipts (excluding borrowing).
The elements of the fiscal deficit are
- the revenue deficit, which is the difference between the government’s current (or revenue) expenditure and total current receipts (that is, excluding borrowing) and
- capital expenditure.
The fiscal deficit can be financed by borrowing from the Reserve Bank of India (which is also called deficit financing or money creation) and market borrowing (from the money market that is mainly from banks).
Question : 28 [SSC Constable 2013]
Who presented the Union Budget in 1970?
a) C. Subramaniam
b) T.T. Krishnamachari
c) Indira Gandhi
d) R. Venkatraman
Answer »Answer: (c)
Indira Gandhi was the only woman who took over the Finance portfolio from 1970 to 1971. She presented the Union Budget in these years.
Question : 29 [SSC GL 2013]
The Community Development Programme was launched in the year
a) 1952
b) 1950
c) 1951
d) 1953
Answer »Answer: (a)
The community development programme was started in India just after independence in 1952. It was a multi project programme with the aim of an overall development of rural people.
Question : 30
Which among the following is considered to be the best measure of an increase in a country’s economic efficiency?
a) Increase in real per capita income.
b) Increase in annual private investment.
c) Increase in real national income.
d) Increase in net annual investment.
Answer »Answer: (a)
IMPORTANT indian economy mcq EXERCISES
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Top 500+ Basic Indian Economy GK MCQ Quiz For SSC IBPS »
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800+ Latest Indian Economy GK Questions & Answers MCQ PDF »
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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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