Competitive Exams: Economics MCQs (Practice-Test 79 of 122)

  1. Which one of the following criteria gives the estimate of the extent of underutilisation of the labour force in terms of person days?

    1. CWS criterion

    2. CDS criterion

    3. UPS criterion

    4. UPSS criterion

  2. Consider the following statements: In order to augment employment opportunities, the draft Tenth Five Year Plan has proposed some labour intensive sectors that require policy intervention. These sectors are:

    1. Agriculture and allied activities.

    2. Small and medium enterprises.

    3. Export promotion activities.

    4. Services sectors.

    Which of the statements given above are correct?

    1. 1 and 3

    2. 3 and 4

    3. 1, 2 and 3

    4. 1, 2 and 4

  3. In which type of unemployment, marginal productivity is zero or near zero?

    1. Structural

    2. Disguised

    3. Seasonal

    4. Frictional

  4. Consider the following statements: The major challenge to the viability of agriculture in India is posed by

    1. High domestic support.

    2. Export-subsidies.

    3. Market-imperfections.

    4. Denial of market access through various tariff and non-tariff barriers.

    Which of the statements given above are correct?

    1. 1 and 2

    2. 1, 2 and 4

    3. 1, 3 and 4

    4. 2, 3 and 4

  5. Which one of the following is not correct?

    1. The share of primary sector in GDP has been declining over the years

    2. Stationary position of the secondary sector indicates lack of employment orientation on the part of the industrial growth

    3. Rising share of tertiary sector seems to be more employment oriented

    4. The proportion of employees compensation has been declining over the years

  6. Consider the following statements: Direction of India's Foreign Trade on the basis of share in total exports during 1987 − 88 to 2001 − 02 shows

    1. Fall in relative importance of OECD (Organisation for Economic Cooperation and Development) countries over the years mentioned above:

    2. Rise in importance of OPEC (Organisation of Petroleum Exporting Countries) countries over the same years.

    3. Rise in importance of Eastern European countries.

    4. Rise in importance of developing countries.

    Which of the statements given above is/are correct?

    1. 1 only

    2. 1 and 2

    3. 1, 2 and 4

    4. 2, 3 and 4

  7. Which one of the following statements holds good for Indian economy?

    1. The rate of growth of black income generated in India is faster than the rate of growth of Gross National Product

    2. The rate of growth of black income generated in India is equal to the rate of growth of its industrial sector

    3. The rate of growth of black income generated in India is equal to the rate of growth of its agricultural sector

    4. The rate of growth of black income generated in India has been brought down significantly in the post reform period

  8. Match List-I (Committee/Commission) with List-II (Chair-person) and select the correct answer using the codes given below the lists

    List-I (Committee/Commission) List-II (Chairperson)
    1. Foreign Direct Investment

    2. Venture Capital

    3. Disinvestment

    4. Capital Account Convertibility

    1. NK Singh

    2. Chandrashekhar

    3. Tarapore

    4. GV Ramakrishna

    5. Raja Chellaiah

    • A
    • B
    • C
    • D
      • 4
      • 2
      • 1
      • 3
      • 1
      • 3
      • 4
      • 5
      • 4
      • 3
      • 1
      • 5
      • 1
      • 2
      • 4
      • 3
  9. Match List-I with List-II and select the correct answer using the codes given below the lists

    List-I List-II
    1. Crowding out effect

    2. Rolling settlements

    3. Special economic zones

    4. Development of social sector

    1. Surplus budget

    2. Off-shore banking units

    3. Equity markets

    4. Deficit budget

    5. Disinvestment fund

    • A
    • B
    • C
    • D
      • 5
      • 2
      • 1
      • 4
      • 4
      • 3
      • 2
      • 5
      • 5
      • 3
      • 2
      • 4
      • 4
      • 2
      • 1
      • 5
  10. Which of the following forms can be assumed by the inter-relationship between economic growth and human development?

    1. High human development is possible at low level of economic growth.

    2. High economic growth may not get translated into high human development.

    3. High economic growth and high human development is impossible.

    4. High economic growth and high human development is possible depending on the policy choices of a country.

    Select the correct answer using the codes given below:

    1. 1, 2 and 4

    2. 2 and 3

    3. 1, 3 and 4

    4. 1, 2 and 3

  11. In which three years, there had been negative rate of growth for agriculture and allied sectors?

    1. 1996 − 97, 1998 − 99, 1999 − 2000

    2. 1997 − 98, 2000 − 2001, 2002 − 2003

    3. 1996 − 97, 2001 − 2002, 2002 − 2003

    4. 1998 − 99, 1999 − 2000, 2000 − 2001

  12. Consider the following statements:

    1. Integrated Forest Protection Scheme has been formulated by merging two existing schemes ‘Forest Fire Control and Management’ and ‘Bridging of Infrastructure Gaps in the Forestry Sector in the North Eastern Region and Sikkim.’

    2. Integrated Forest Protection Scheme is a joint venture of Central and State governments.

    Which of the statements given above is/are correct?

    1. 1 only

    2. 2 only

    3. Both 1 and 2

    4. Neither 1 nor 2

  13. India achieved more than 8 per cent rate of growth in Real Gross Domestic Product in 2003 − 04. In which three years in the past India achieved a growth rate in Real GDP at more than 8 per cent? Select the correct answer using the codes given below:

    1. 1967 − 68, 1975 − 76, 1988 − 89

    2. 1966 − 67, 1980 − 81, 1994 − 95

    3. 1955 − 56, 1982 − 84, 2001 − 02

    4. 1972 − 73, 1985 − 86, 1999 − 2000

  14. Consider the following statements with respect to measures adopted by the Government of India to control black income:

    1. Voluntary disclosure scheme.

    2. Issue of five hundred rupee notes.

    3. Issue of special bearer bond on nominal rate of interest.

    4. Privatisation of economy.

    Which of the statements given above are correct?

    1. 1 and 3

    2. 2 and 3

    3. 2, 3 and 4

    4. 1, 2, 3 and 4

  15. Mahalanobis plan model was adopted from which growth model?

    1. Harrod-Domar model

    2. Feldman's model

    3. Lewis model of economic growth

    4. Ranis-Fei model