NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 80 of 122)
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- Which one of the following is the basic objective of monetary policy?
- To control deficit of the budget
- To control deficit in the balance of payment
- To control cost and availability of money
- To control public expenditure
- Match List-I (Committee) with List-II (Subject) and select the correct answer using the codes given below the lists:
Table Supporting: NET, IAS, State-SET (KSET, WBSET, MPSET, Etc.) , GATE, CUET, Olympiads Etc. : Economics MCQs (Practice_Test 80 of 122) List-I (Committee) List-II (Subject) - Tandon Committee
- Rakesh Mohan Committee
- Narasimhan Committee
- Omkar Goswami Committee
- Capital Financing
- Infrastructure Development
- Financial Sector Reforms
- Industrial Sickness
- A
- B
- C
- D
- 1
- 3
- 2
- 4
- 4
- 2
- 3
- 1
- 1
- 2
- 3
- 4
- 4
- 3
- 2
- 1
- The heavy industries strategy under the Second Five Year Plan has been criticised for several reasons. Which one of the following is not among them?
- Inadequate emphasis on agriculture, small scale and cottage industries
- Emergence of continuous trade deficits
- Growing unemployment and inequality of income and wealth
- Failure to achieve expansion in the capital goods sector and diversification of industrial capacity
- Which one of the following statements is correct?
- Rural urban income disparities have increased over a period of time
- Rural urban income disparities have not changed over a period of time
- Rural urban income disparities have declined over a period of time
- Income distribution does not influence growth
- Consider the following statements: The National Agricultural Policy of 2000 in India aims at
- A growth rate of 6% per annum in agriculture.
- Growth with equity.
- Supply driven growth rate.
- Demand driven growth rate.
- Which of the statements given above are correct?
- 1 and 2
- 2 and 3
- 2 and 4
- 3 and 4
- In India, which one among the following formulates the fiscal policy?
- Planning Commission
- Ministry of Finance
- Finance Commission
- The Reserve Bank of India
- Consider the following statements:
- The first Industrial Policy of Government of India was introduced in 1948.
- The Industrial Policy introduced by Government of India in 1956 is also known as ‘Economic Constitution’ of India.
- The Committee on Growth of concentration of economic powers in India was appointed under the chairmanship of Prof. P. C. Mahalanobis in 1961.
- A special group on targeting ten million employment opportunities per year was constituted by Planning
- Commission with one of its member as
- Chairman.
- Which of the statements given above are correct?
- 1,2 and 3
- 2,3 and 4
- 1,3 and 4
- 1,2 and 4
- Which one of the following is correct in respect of India? Percentage of workers engaged in
- agricultural sector is increasing
- industry sector is more than tertiary sector
- tertiary sector is decreasing
- tertiary sector is more than industry sector
- Consider the following statements:
- Tenth Five Year Plan aims at a reduction of poverty ratio by 5 percentage points by 2007.
- Tenth Five Year Plan aims at a reduction in gender gaps in literacy and wage rates by at least 40 per cent by 2007.
- Tenth-Five Year Plan aims at a reduction in the decadal rate of population growth between 2001 and 2011 to 16.2 per cent.
- Tenth Five Year Plan aims at an enhancement in literacy rates to 75 per cent by 2007.
- Which of the statements given above are correct?
- 1 and 2
- 2 and 3
- 2,3 and 4
- 1,3 and 4
- Assertion (A) : VAT is less inflationary man multi-stage turnover tax.
- Reason (R) : VAT reduces the cascading effect on prices.
- Both (A) and (R) are individually true and (R) is the correct explanation of (A)
- Both (A) and (R) are individually true, but (R) is not the correct explanation of (A)
- (A) is true, but (R) is false
- (A) is false, but (R) is true
- Assertion (A) : Indirect taxes do not satisfy the canon of equity.
- Reason (R) : Indirect taxes fall on all persons indiscriminately, irrespective of their ability to pay.
- Both (A) and (R) are individually true and (R) is the correct explanation of (A)
- Both (A) and (R) are individually true, but (R) is not the correct explanation of (A)
- (A) is true, but (R) is false
- (A) is false, but (R) is true
- Assertion (A) : Variance of X is always greater than the Standard Deviation of X.
- Reason (R) : Variance is square of
- Standard Deviation.
- Both (A) and (R) are individually true and (R) is the correct explanation of (A)
- Both (A) and (R) are individually true, but (R) is not the correct explanation of (A)
- (A) is true, but (R) is false
- (A) is false, but (R) is true
- Assertion (A) : Index numbers are useful tools in economic planning.
- Reason (R) : Consumer price index number estimates the changes in the standard of living of the people.
- Both (A) and (R) are individually true and (R) is the correct explanation of (A)
- Both (A) and (R) are individually true, but (R) is not the correct explanation of (A)
- (A) is true, but (R) is false
- (A) is false, but (R) is true
- Assertion (A) : Reducing fiscal deficit is a challenging job for the government of India.
- Reason (R) : Reduction in government expenditure reduces social investment.
- Both (A) and (R) are individually true and (R) is the correct explanation of (A)
- Both (A) and (R) are individually true, but (R) is not the correct explanation of (A)
- (A) is true, but (R) is false
- (A) is false, but (R) is true
- Assertion (A) : Real income is greater than money income during inflation.
- Reason (R) : Real Income Money Income = Price Index Number
- Both (A) and (R) are individually true and (R) is the correct explanation of (A)
- Both (A) and (R) are individually true, but (R) is not the correct explanation of (A)
- (A) is true, but (R) is false
- (A) is false, but (R) is true