Competitive Exams: Economics MCQs (Practice-Test 55 of 122)

  1. Consider the following statements:

    1. Interest received by the central government on house-building loans given to the government employees is a transfer receipt.

    2. payments made by a farmer to the labourers for ploughing the land is an intermediate consumption

    3. Interest paid by a farmer to a cooperative society is a factor payment

    Which of the above statements is/are correct?

    1. 3 alone

    2. 1 and 2

    3. 1 and 3

    4. 1, 2 and 3

  2. The Approach Paper of the Tenth fiveyear Plan of India targets a decline in the parity ratio over the plan period to

    1. 20 per cent

    2. 15 per cent

    3. 1 and 3

    4. 1, 2 and 3

  3. Match List I with List II and select the correct answer:

    List-I List-II
    1. New Economic Policy

    2. Monetary Policy

    3. trade Policy

    4. fiscal Policy

    1. Controlling bank credit

    2. Deficits and debt management

    3. Globalization Liberalization

    4. Liberalization

    • A
    • B
    • C
    • D
      • 4
      • 1
      • 3
      • 2
      • 4
      • 2
      • 3
      • 1
      • 4
      • 2
      • 3
      • 1
      • 3
      • 1
      • 4
      • 2
  4. In the Indian context, which one of the following pairs is NOT correctly matched?

      • Tax evasion
      • Parallel economy
      • High-powereed money
      • RBI
      • Female work participation rate
      • Disinvestment
      • Privatisation
      • New economic policy
  5. In the nineteenth century, the British administration in India aimed at promoting cultivation of

    1. commercial crops and agricultural exports

    2. commercial crops and agricultural imports

    3. commercial crops and industrial exports

    4. food and exports of commercial crops.

  6. What was approximately the real growth rate of agriculture and allied services (at factor cost) from 1992 − 93 to 2000 − 01?

    1. 3.9 per cent

    2. 3.3 per cent

    3. 5.0 per cent

    4. 9.6 per cent

  7. The prevailing strategy of irrigation in India emphasizes

    1. intensive exploitation of ground water

    2. conjunctive use of surface and ground water

    3. multipurpose river valley projects

    4. Exclusive utilisation of canal water

  8. Which one of the following has NOT been a part of land reforms programme in India?

    1. imposition of land revenue

    2. Abolition of intermediaries

    3. Ceiling on land holdings

    4. Tenancy reforms

  9. The correct sequence of the emergency of the following institutions in the rural credit sphere in India is

    1. Commercial Banks, cooperative Societies, RRBs

    2. Cooperative Societies, RRBs, Commercial Banks

    3. Cooperative societies, CommercialBanks, RRBs

    4. RRBs, cooperative Societies; commercial banks

  10. Consider the following schemes under the Ministry of Rural Development

    1. Swarnajaynti Gram Swarozgar Yojana is a credit-cum-subsidy programme wherein credit is the critical component and subsidy is an enabling element.

    2. In Sampoorna Grameen Rozgar Yojana, all the funds are earmarked direct to Panchayats

    3. Food for work Programme is for the benefit of calamity-affected States

    Which of the above statements are correct?

    1. 1 and 3

    2. 2 and 3

    3. 1 and 2

    4. 1, 2 and 3

  11. Consider the following statements:

    1. Exployer's contribution to social security schemes is a part of wages and salaries in cash and kind

    2. The profits of Indian banks operating in foreign countries are a part of of operating surplus of the banks located in a India

    Which of the above statements is/are correct?

    1. 1, 2 and 3

    2. 1 and 2

    3. 3 alone

    4. 1 alone

  12. Which one of the following is NOT an invisible item of the current account of India's balance of payments?

    1. Royalty payments

    2. Capital inflows

    3. Software service exports

    4. Private transfer

  13. Which one of the following is NOT included in the foreign-exchange reserves of India?

    1. Foreign-currency assets held by the RBI

    2. gold holding of the RBI

    3. Silver holding of the RBI

    4. SDRs

  14. India Millenium Deposits were floated in October-November 2000 by

    1. the Reserve Bank of India

    2. the Union Ministry of Finance

    3. the State Bank of India

    4. all State governments

  15. Consider the following statements:

    1. pledge gold to get foreign exchange loans

    2. physically transfer gold to the lender country

    3. establish full convertibility of the rupee

    4. sell Resurgent India Bonds

    Which of the above statements are correct?

    1. 1 and 2

    2. 2 and 3

    3. 3 and 4

    4. 1, 2, 3 and 4