Deck 2: Economics and Development

Question 1

Inflation implies:

A)rise in budget deficit
B)rise in moneysupply
C)rise in general price index
D)rise in prices of consumer goods

Answer 1

rise in general price index

Question 2

Who is the originator of Green Revolution in India?

A)norman e. borlaug
B)m.s. swaminathan
C)garry backer
D)none of these

Answer 2

norman e. borlaug

Question 3

Which of the following is the apex bank of India?

A)sbi
B)sbt
C)rbi
D)icici

Answer 3

sbi

Question 4

Which one of the following institution formulates monetary policy?

A)rbi
B)finance ministry
C)sebi
D)planning commission

Question 5

National income estimation in India is the responsibility of

A)nsso
B)cso
C)finance ministry
D)national income committee

Question 6

As per the CSO classification, which of the following does not fall under industrial sector?

A)electricity
B)gas and water supply
C)transport and communication
D)manufacturing

Question 7

Which one of the following brings out the publication called 'Energy Statistics' from time to time"

A)central power research institute
B)planning commission
C)pfcl
D)central statistical organization

Question 8

The headquarters of UNFCCC is located at:

A)geneva
B)berlin
C)tokyo
D)bonn

Question 9

Which of the following brings out wholesale Price Index (WPI)

A)the reserve bank of india
B)the department of economic affairs
C)the labour bureau
D)ministry of industry

Question 10

Economic depression is usually coupled with:

A)deflation
B)inflation
C)stagflation
D)hyperinflation

Question 11

The phenomena of increasing prices but declining output and employment indicates:

A)disinflation
B)stagflation
C)reflation
D)open inflation

Question 12

Which of the following is not a measure to control inflation adopted by the RBI and the Government?

A)monetary policy
B)financial inclusion
C)variation in margin requirements
D)changes in taxation

Question 13

Which of the authority is entrusted to retain the foreign exchange reserve of the country?

A)sebi
B)central government
C)rbi
D)exim bank

Question 14

This is the rate at which RBI borrows money from commercial banks:

A)open market operations
B)slr
C)repo rate
D)reverse repo rate

Question 15

The basic objective of MUDRA bank is to:

A)give priority to sc/st enterprises
B)funding the unfunded areas
C)ensuring financial inclusion
D)all of the above

Question 16

In India deficit financing is used for raising resources for:

A)economic development
B)redemption of public debt
C)adjustment the balance of payments
D)reducing the foreign debt

Question 17

Which of the following contributes largest share in the tax revenue of India?

A)service tax
B)wealth tax
C)income tax
D)securities transaction tax

Question 18

Which one of the following state introduced 'fat tax' for the first time in India?

A)gujarat
B)kerala
C)karnataka
D)haryana

Question 19

Demonetisation has the potential to generate long term benefits in terms of:

A)reduced corruption
B)greater digitalization of the economy
C)increased flaws of financial savings
D)all of the above

Question 20

What is the level of sex ratio in India as per the Census Report of 2011?

A)930
B)935
C)940
D)945

Question 21

Select the scheme which was launched to promote basic education in India and attract children in school going age to attend the classes:

A)pulse polio abhiyan
B)operation black board
C)mid-day meal scheme
D)shiksha sahyog yojana

Question 22

The AMRUT (Atal Mission for Rejuvenation and Urban Transformation) programme focuses on:

A)providing water supply
B)providing nutritional support
C)providing electricity connection
D)providing free lpg connection

Question 23

In an economy, head count ratio is the measure of :

A)unemployment
B)poverty
C)literacy
D)malnutrition

Question 24

The government of India refers to the absolute poverty line in terms of:

A)household savings
B)household consumption
C)household investment
D)household income

Question 25

Which one of the following items has maximum weight in wholesale price index in India?

A)primary article
B)fuel and power
C)manufactured products
D)food item