Indian Economy MCQs

1.

What was the nationality of Mahbub ul Haq, one of the pioneers of Human development theory and founder of the Human Development Report (Other is Amartya Sen)?

[A] Uk
[B] USA
[C] Pakistan
[D] India

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2.

Which among the following agricultural products is India’s main import item?

[A] Pulses
[B] Oil seeds
[C] Edible Oils
[D] Sugar

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3.

Which among the following statement is incorrect?

[A] Bharat Nirman is a six pronged programme and was launched in 2005
[B] NREGA, which is now MGNREGA has been expanded to cover all 604 districts of the country in April 2008
[C] National Maritime Development Programme was launched in 2008
[D] All are correct

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4.

Revenue-neutral rate (RNR) is a component of which of the following taxes in India?

[A] Goods and Services Tax (GST)
[B] Income tax
[C] Customs
[D] Excise duty

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5.

In which year Central Economic Intelligence Bureau was set up to coordinate and strengthen the intelligence gathering activities as well as investigative efforts of all the Agencies which enforce economic laws?

[A] 1975
[B] 1980
[C] 1982
[D] 1985

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6.

What is the annual untied grant for a Village Health Fund under the Village Health & Sanitation Committee, constituted by a state governments under the Panchayati Raj Institutions umbrella of implementation of National Rural Health Mission?

[A] Rs. 10, 000
[B] Rs. 20, 000
[C] Rs. 30, 000
[D] Rs. 40, 000

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7.

Which among the following is correct full form of CAS in context with banking markets in India ?

[A] Cash Authorization Scheme
[B] Credit Authorization Scheme
[C] Credit Access System
[D] Credit Arrangement System

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8.

Which of the following imaginary circumstances, the Reserve bank of India will opt to sell Government securities in the open market?

[A] When the Foreign funds inflow is meek
[B] When there is enormous Foreign Funds Inflow in the Indian Economy
[C] When banks have low liquidity and need liquidity
[D] When Government of India asks the RBI to sell securities

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9.

The “Service area Approach” was an strategy launched to improve which of the following?

[A] Micro, Small and medium Enterprising
[B] Unorganized Sector
[C] Rural lending
[D] Urban Industrial Lending

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10.

Since which year, Reserve bank of India is using the Selective Credit Control measures to control the amount of bank advances against the commodities having limited supply ?

[A] 1950
[B] 1953
[C] 1956
[D] 1960

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