introduction to indian economy section 9 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 : 31
Consider the following statements :
- Inflation benefits the debtors.
- Inflation benefits the bond-holders.
a) 1 only
b) Both 1 and 2
c) 2 only
d) Neither 1 nor 2
Answer »Answer: (a)
Inflation redistributes wealth from creditors to debtors i.e., lenders suffer and borrowers benefit out of inflation.
Bondholders = this person has lent money (to debtors) and received a bond in return.
So he is a lender, he suffers, by the way, they haven’t specifically used the word – “inflation-indexed bonds”, hence we cannot say inflation benefits the bond-holders.
Question : 32 [SSC CPO 2016]
When was the Pradhan Mantri Fasal Bima Yojana launched ?
a) February 2015
b) February 2000
c) January 2016
d) February 1995
Answer »Answer: (c)
Prime Minister Narendra Modi launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) on 13 January 2016. The Prime Minister unveiled the detailed guidelines for implementing the Fasal Bima Yojana at a farmers’ convention in Madhya Pradesh on 18 February 2016.
PMFBY aims to provide more efficient insurance support to the farmers of the country in the event of crops being destroyed by heavy rain, other natural calamities, pests or diseases.
Question : 33
In the list of Top 50 Most Valued Global Banks (in terms of market capitalisation) released by Bloomberg on 17 January 2015, which bank got first rank?
a) SBI
b) Yes Bank
c) ICBC
d) HDFC
Answer »Answer: (c)
Industrial and Commercial Bank of China (ICBC) tops the list of global banks, with a market capitalisation of $285 billion, over seven times that of HDFC Bank.
Question : 34 [SSC CHSL 2014]
Small farmers in the country have been defined as those farmers having land holding of
a) one to two hectare
b) below one hectare
c) two to three hectare
d) three to four hectare
Answer »Answer: (a)
In India, ‘Small Farmer’ means a farmer cultivating (as owner or tenant or share cropper) agricultural land of more than 1 hectare and up to 2 hectares (5 acres). ‘Marginal Farmer’ means a farmer cultivating agricultural land up to 1 hectare (2.5 acres).
Question : 35
Consider the following statements about the population of India:
- Due to the high rate of population growth, it has not been possible to make a significant change in the poverty levels in India.
- The higher the population growth, the higher is the rate of growth of per capita income.
- The rapid growth in population is eroding India’s considerable development gains and steadily diminishing its ability to provide a decent quality of life for a large number of its people.
- Continuing rapid population growth, in the long run, is likely to mean a lower quality of life for millions of people.
a) 1 and 3
b) 1 and 4
c) 1 and 2
d) 3 and 4
Answer »Answer: (a)
The increasing population of India hinders the economic growth of the country. It is important to control the population growth.
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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