Indian Economy MCQs
Indian Economy Multiple Choice Questions (MCQs) for SSC, State and all One Day Examinations of India. Objective Questions on Indian Economy for competitive examinations.
11. Consider the following statements about the Rashtriya Arogya Nidhi Scheme:
- The scheme provides for financial assistance in the form of “one time grant” to patients living below poverty line and suffering from life-threatening diseases
- Under the scheme, the assistance for treatment is available only in Government Hospitals.
Which of the above statements is/are correct?
[A] 1 Only
[B] 2 Only
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: C [Both 1 & 2]
Notes:
First statement is correct. The Rashtriya Arogya Nidhi Scheme aims to provide financial assistance to patients living below poverty line and suffering from the life-threatening diseases. The scheme provides financial assistance in the form of grant-in-aid. Second statement is correct. The assistance for treatment is available only in Government hospitals. Central Government & State Government employees are not eligible for the scheme.
12. Which of the following is not a Semi Luxury Tourist Train in India?
[A] Heritage Circuit
[B] Tiger Express
[C] Desert Circuit
[D] The Golden Chariot
Show Answer
Correct Answer: D [The Golden Chariot]
Notes:
Tiger Express is a semi-luxury train in India. It has been started in collaboration between the Railways and Indian Railway Catering and Tourism Corporation (IRCTC). It will take the tourist from travellers to the world-famous Bandhavgarh and Kanha National Parks in Madhya Pradesh. Desert Circuit and Heritage Circuit are two other semi-luxury tourist trains. The Golden Chariot is a luxury tourist train that connects the important tourist spots in the Indian states of Karnataka, Goa, Kerala, and Tamil Nadu & Pondicherry. It is named after the Stone Chariot in the Vitthala Temple at Hampi.
13. Which of the following fertilizers is mainly produced at Sindri Fertilizer plant in Jharkhand?
[A] Ammonium Phosphate
[B] Calcium Super Phosphate
[C] Urea
[D] Ammonium Sulphate
Show Answer
Correct Answer: C [Urea]
Notes:
Sindri is an industrial township within the Dhanbad municipal limits of the Dhanbad District of Jharkhand state. Sindri was well known because of a large Fertilizer factory which produces urea.
14. Which of the following Organisations collects data for the unorganized sector?
[A] CSO
[B] NSSO
[C] ASI
[D] RBI
Show Answer
Correct Answer: B [ NSSO ]
Notes:
The National Sample Survey Office (NSSO) headed by a Director General is responsible for conduct of large scale sample surveys in diverse fields on All India basis. Primarily data are collected through unorganized sector.
15. What do we call the instruments of monetary policy which directly affect the quantity of money supply?
[A] Quantitative instruments
[B] Qualitative instruments
[C] Money instruments
[D] None of the above
Show Answer
Correct Answer: A [Quantitative instruments]
Notes:
The instruments of monetary policy which directly affect the quantity of money supply are called as Quantitative instruments. Example: Open Market Operations Liquidity Adjustment Facility (Repo and Reverse Repo) etc.
16. Financial services offered financing risk project to provide which of the following?
[A] Seed capital
[B] Venture capital
[C] Primary fund
[D] Secondary fund
Show Answer
Correct Answer: B [Venture capital]
Notes:
Financial services offered financing risk project e.g. Risk capital scheme of I F C I venture capital fund of I D F I etc. to provide Venture capital.
17. Reduction of which of the following was the prime concern of the Uruguay round of negotiations?
[A] The debt burden of developing countries.
[B] Restrictions on the operation of a flexible exchange rate system.
[C] Restrictions on trade in agriculture and services.
[D] Restrictions on fishing rights on the high seas.
Show Answer
Correct Answer: C [Restrictions on trade in agriculture and services.]
Notes:
The treatment of trade in services and intellectual property had not in fact been covered by GATT prior to the Uruguay Round. The key features of the Uruguay Round Final Settlement are: An agreement on agriculture to increase market access, reduce export subsidies and tariffs and eliminate non-tariff barriers.
18. Who is the author of the famous book “The social Framework”?
[A] James Tobin
[B] Amartya Sen
[C] Dean Baker
[D] J.R.Hicks
Show Answer
Correct Answer: D [J.R.Hicks]
Notes:
The Social Framework. Posted on May 23, 2015. is the title of a short book by John Hicks published in 1942. It’s an introduction, for the general reader, to the then-new fangled concept of national income accounting – beautifully clearly written and very straightforward.
19. Where are the headquarters of tea board located?
[A] Sicher
[B] Guwahati
[C] Kolkata
[D] Patna
Show Answer
Correct Answer: C [Kolkata]
Notes:
The Tea Board of India is a state agency of the Government of India established to promote the cultivation, processing, and domestic trade as well as export of Tea. Its headquarters is at Kolkata.
20. What is the contribution of carp to Indian fisheries?
[A] 50%
[B] 30%
[C] 75%
[D] None of the above
Show Answer
Correct Answer: C [75%]
Notes:
India is basically a carp country with more than 75 percent of the production being contributed by carps alone. Carp are various species of oily freshwater fish from the family Cyprinidae, a very large group of fish native to Europe and Asia.
