NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 6 of 122)
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- Occupational structure refers to the
- number of workers living in a country size of the working population in industrial sector occupations.
- nature of different occupations in the economy.
- both of above
- none of above
- consider the following legislations:
- Indian Trade Union Act.
- Payment of Wages Act.
- Minimum Wages Act. There correct chronological sequence of these enactments in India is:
- 1,2, 3
- 1,2, 3
- 2,1, 3
- 2,3, 1
- Relatively higher wages of the agricultural labour in Punjab is best attributed to the
- greater availability of non-agricultural means of employment
- higher agricultural productivity out of adoption of the HYV technology.
- stronger bargaining power of the organized agricultural labour.
- more effective implementation of the
- Minimum Wages Act.
- India՚s major sources of import are from:
- USA
- OPEC
- Japan
- LDC՚s
- The correct sequence of the descending order of the percentage share of these countries in India՚s imports, as per 1995 − 96 figures is
- 2,4, 3,1
- 2,4, 1,3
- 4,2, 3,1
- 4,2, 1 3
- Which of the following are related to India՚s export promotion efforts?
- Cash compensatory support
- duty drawback
- Convertibility clause
- Free Trade zones
- Select the correct answer using the codes given below:
- the pattern of India՚s export indicates that are growing in importance
- both traditional and non-traditional items are growing in importance
- non-traditional items like engineering goods, handicrafts, iron ore and chemicals are growing in importance
- neither traditional items nor the nontraditional items have much of trade significance.
- India has paid its share of the Capital in IMF and World Bank in the form of:
- Non-negotiable special rupee securities
- Indian rupee
- Gold
- Gilt-edged securities.
- Which one of the following effects of the creation of black money in the parallel economy of India has been the sources of greatest worry to the government of India?
- Diversion of resources to the purchase of real estate and investment in luxury housing
- Investment in precious stones, jewellery, god etc.
- conspicuous consumption of businessmen and capitalists.
- Loss of revenue to the state exchequer due to tax evasion.
- Which one of the following is the correct chronological sequence of nationalizations of the given sets of banks?
- SBI, RBI, 14 bans, 6 banks
- RBI, SBI, 6 banks, 14 banks
- RBI, SBI, 14 BANKS, 6 BANKS
- SBI, BRI, 6 banks, 14 banks
- Open market operations refers to
- borrowing by scheduled banks from the RBI
- leading by commercial banks to industry and trade
- purchase and sale of government securities by the RBI.
- deposit mobilization.
- The Reserve Bank of India (RBI) acts as a banker՚s bank. This would imply which of the following?
- Other banks retain their deposits with the RBI.
- RBI lends funds to the commercial banks in times of
- RBI advises the commercial banks on monetary matters
- Select the correct answer using the codes given below:
- 2 and 3
- 1 and 2
- 1 and 3
- 1,2 and 3
- Which of the following forms the largest share of deficit in government of India՚s budget?
- budgetary deficit
- Fiscal deficit
- Revenue deficit
- Primary deficit
- Municipalities finance their expenditure by imposing among others
- ales tax
- profession tax
- Excise duties
- Gift tax.
- Authorizes expenditure out of the consolidated Fund of India.
- authoresses expenditure out of the Consolidated Fund of India.
- authorizes expenditure out of the contingency Fund of India.
- Gives effect to the financial proposals of the government for the succeeding financial year
- authorizes the government to spend the money raised through taxes etc.