Competitive Exams: Economics MCQs (Practice-Test 41 of 122)

  1. Which one of the following agencies in India is responsible for computation of national income?

    1. NCAER

    2. CSO

    3. NSS

    4. RBI

  2. What is the approximate share of the agricultural sector the total employment in India?

    1. 65 percent

    2. 50 percent

    3. 45 percent

    4. 40 percent

  3. The revised annual GDP-growth rate for the Ninth Plan period is

    1. 7.0 percent

    2. 6.5 percent

    3. 6.0 percent

    4. 5.5 percent

  4. Which one of the following finally approves the Five Year Plans in India?

    1. Union Cabinet

    2. Planning Commission

    3. National Development council

    4. Parliamentary Committee on Planning

  5. Math List I with List II and select the correct answer:

    List-I List-II
    1. 73rd Constitutional Amendment Act

    2. Narasimhan committee

    3. Disinvestment commission

    4. Rakesh Mohan committee

    1. Infrastructural Development

    2. Financial

    3. Panchayati Raj

    4. Public Sector Enterprises

    • A
    • B
    • C
    • D
      • 3
      • 2
      • 4
      • 1
      • 2
      • 3
      • 1
      • 4
      • 3
      • 2
      • 1
      • 4
      • 2
      • 3
      • 4
      • 1
  6. Which one of the Five Year Plans of India was terminated before its targeted data of completion?

    1. third Five Year Plan

    2. fourth Five Year Plan

    3. Fifth Five Year Plan

    4. sixth Five Year Plan

  7. Which one of the following statements is correct in the context of the role of the market under planning?

    1. The market has a vital role under planning in a mixed economy

    2. the market mechanism and planning cannot go together

    3. the planners decides the allocation of resources, but the market decides prices decisively.

    4. The planners decide the prices, but the

    Market decided the allocation of resources

  8. The ‘Year of Great divide’ with regard to population growth in India is

    1. 1911

    2. 1921

    3. 1947

    4. 1971

  9. In India during the British rule, railways were developed for:

    1. creating better infrastructure for the development of the Indian economy

    2. the export of raw materials from India to England for British Industries

    3. Providing better transport facilities to Indians

    4. developing trade and commerce in

    India

  10. The ‘Drain Theory’ about poverty in India is associated with

    1. M. Viswesaraiah

    2. V. K. R. V. Rao

    3. Dadabhai Naoroji

    4. Subhas Chandra Bose

  11. Over the plan era, the relative share of areas under foodgrains in gross cropped area in India

    1. decreased

    2. increased

    3. remained the same

    4. decreased initially and then increased

  12. Which one of the following statements most appropriately describes the nature of the Green Revaluation?

    1. intensive cultivation of green vegetable

    2. intensive agricultural district programme

    3. high-yielding varieties programme

    4. seed-fertilizer-water technology

  13. The major function of NABARD is to

    1. give loans to the public

    2. accept deposits from the public

    3. give loans to commercial banks and regional rural banks for the development of the rural sector

    4. deal in government securities

  14. Consider the following statements: Procurement of food grains at support prices

    1. ensures stability in farm prices.

    2. ensures remunerative prices to farmers.

    3. helps building public stocks of food grains

    Which of the above statements are correct?

    1. 1 and 2

    2. 2 and 3

    3. 1 and 3

    4. 1, 2 and 3

  15. The correct sequence of establishment of the following institutions in India is

    1. SIDBI, NABARD, IDBI, IFCI

    2. IDBI, NABARD, IFCI, SIDBI

    3. IFCI, IDBI, NABARD, SIDBI

    4. IFCI, SIDBI, IDBI, NABARD