Rayvila



Indian Economy Set 2


Q.1 Economic development depends on

1. Size of the market
2. Natural resources
3. Capital formation
4. All of the above

 



Q.2 Money supply is governed by the

1. Reserve Bank of India
2. Planning Commission
3. Commercial Banks
4. Finance Commission

 



Q.3 The Draft of the Five Year Plans in India is approved by the

1. Planning Commission
2. Ministry of Finance
3. National Productivity Council
4. National Development Council

 



Q.4 Green Revolution started in

1. 1965-66
2. 1964-65
3. 1966-67
4. 1967-68

 



Q.5 Which state is the largest producer of Tobacco ?

1. Madhya pradesh
2. West Bengal
3. Assam
4. Andhra Pradesh

 



Q.6 Banking regulation act was passed in ?

1. 1947
2. 1949
3. 1950
4. 1948

 



Q.7 States earn maximum revenue through

1. License sales
2. Customs
3. Commercial taxes
4. Tax Fines

 



Q.8 Which Indian got Nobel Prize for Economics ?

1. C.V.Raman
2. Amarthiya Sen
3. Teressa
4. M. S. Swaminathan

 



Q.9 The census in India is done after a gap of every

1. 10 years
2. 11 years
3. 9 years
4. 12 years

 



Q.10 The Headquarter of RBI is in

1. Kolkata
2. Delhi
3. Mumbai
4. None of the above

 



Q.11 Capital information in an economy depends on

1. Total income
2. Total demand
3. Total savings
4. Total production

 



Q.12 Sarva Siksha Abhiyan is aimed at the education of which of the following?

1. Engineering and Technical education
2. Education of girls upto graduation level
3. College education
4. Education of children between 6 – 14 years

 



Q.13 The Mid-Day Meal Scheme has been launched by the Union Minister of

1. Home Affair
2. Human Resource Development
3. Social Welfare
4. Rural Development

 



Q.14 Which is NOT included in Social Infrastructure?

1. Education
2. Housing
3. Telecommunication
4. Health

 



Q.15 The Blue Revolution is related with

1. Fish Production
2. Food grain Production
3. Oilseed Production
4. Milk Production

 



Q.16 If Reserve Bank of India reduces the cash reserve ratio, it will :

1. increase credit creation
2. decrease credit creation
3. have no impact on credit creation
4. have no definite impact on credit creation

 



Q.17 Chief Ministers of States are members of

1. NITI Commission
2. Finance Commission
3. Election Commission
4. National Development Council

 



Q.18 When the demand for a good increases with an increase in income, such a good is called___________

1. Superior good
2. Giffin good
3. Inferior good
4. Normal good

 



Q.19 The demand of a commodity is a direct demand but the demand of a factor of production is called a

1. Crossed demand
2. Joint demand
3. Derived demand
4. Independent demand

 



Q.20 Depreciation is loss in value of _____

1. Final goods
2. Machinery
3. Capital stock
4. Stock of inventory

 



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Q.21 Planning Commission was constituted on ?

1. 1948
2. 1950
3. 1949
4. 1951

 



Q.22 The concept of Economic Planning in India is derived from ?

1. Ireland
2. UK
3. USA
4. Russia

 



Q.23 National Planning Committee was set up by

1. Mahatma Gandhi
2. Jawaharlal Nehru
3. Subhash Chandra Bose
4. None of the above

 



Q.24 National income ignores

1. Salary of employees
2. Sales of a firm
3. Sale of land
4. Exports of the IT sector

 



Q.25 Export-Import bank of India was established in ?

1. 1983
2. 1981
3. 1982
4. 1984

 



Q.26 Industrial Development Bank of India (IDBI) established in

1. 1964
2. 1963
3. 1966
4. 1968

 



Q.27 Which is the most important source of income for Government of India ?

1. Licence fee
2. Excise duty
3. Income tax
4. Interest

 



Q.28 In which Five Year Plan, Economic Development Rate was maximum?

1. Fourth Five Year Plan
2. First Five Year Plan
3. Sixth Five Year Plan
4. Tenth Five Year Plan

 



Q.29 Who was the First Chairman of Planning Commission of India?

1. John Mathai
2. M. Viswesvarya
3. Jawahar Lal Nehru
4. None of the Above

 



Q.30 The currency notes are printed in

1. Nasik
2. Nagpur
3. Bombay
4. New Delhi

 







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