INDIAN ECONOMY MULTIPLE CHOICE QUESTIONS

1. The foundation stone of a new rail coach making factory has been laid at—
(A) Saharsa
(B) Rae Bareli
(C) Amethi
(D) Amritsar
Ans : (B)

2. CONCORD of 8 states of Northern region is a scheme of—
(A) FICCI
(B) ASSOCHAM
(C) CII
(D) A joint scheme of all the above
Ans : (C)

3. The weight of mining sector in Industrial production index is—
(A) 10•69%
(B) 22•42%
(C) 11•46%
(D) 44•44%
Ans : (A)


4. As per Budget document 2010-11, MSME (Micro, Small and Medium Enterprises) Sector’s contribution in GDP is—
(A) 5%
(B) 8%
(C) 10%
(D) 12%
Ans : (B)

5. Aam Admi Bima Yojana provides social security to—
(A) All labours in rural areas
(B) All landless labours living below poverty line in rural areas
(C) All labours in urban areas
(D) All labours in both rural as well as urban areas
Ans : (B)

6. Who was the Chairman of 12th Finance Commission ?
(A) C. Rangrajan
(B) K. C. Pant
(C) Kelkar
(D) Madhavan Ravindre
Ans : (A)

7. Increase in net RBI credit for Central Government represents—
(A) Budgetary Deficit
(B) Revenue Deficit
(C) Fiscal Deficit
(D) Monetised Deficit
Ans : (D)

8. Which pair is not correct ?
(A) Rekhi Committee—Simplification of Export and Import
(B) Nanjundappa Committee—Railway fare
(C) Rangrajan Committee—Balance of Payment
(D) Goiporia Committee—Banking Service Improvements
Ans : (A)

9. Individual cannot open his account in—
(A) Urban Cooperative Bank
(B) Regional Rural Bank
(C) RBI
(D) Scheduled Commercial Banks
Ans : (C)

10. National Development Council in its meeting on July 24, 2010 has given approval to change 11th plan annual growth target from—
(A) 8•5% to 8•1%
(B) 9•0% to 8•5%
(C) 9•0% to 8•1%
(D) 9•0% to 8•4%
Ans : (C)

11. The objective of ‘Sangam Yojana’ is—
(A) To make Ganga water pollution free
(B) To make Sangam region of Allahabad more attractive for tourists
(C) To ensure welfare of handicapped
(D) To unite various groups of Hindus
Ans : (C)

12. IMF has raised the quota and voting share of India which places India at……place among 184 members of the organisation.
(A) 10th
(B) 11th
(C) 12th
(D) 13th
Ans : (B)

13. The process of budget making after re-evaluating every item of expenditure in every financial year is known as—
(A) Performance Budgeting
(B) Deficit Budgeting
(C) Zero Based Budgeting
(D) Fresh Budgeting
Ans : (C)

14. Project ‘Sankalp’ is associated with the elimination of—
(A) Illiteracy
(B) Polio
(C) Unemployment
(D) AIDS/HIV
Ans : (D)

15. In Union Budget 2010-11, the share of subsidy in one rupee expenditure stands at—
(A) 9 paise
(B) 10 paise
(C) 11 paise
(D) 12 paise
Ans : (A)

16. ‘Focus Product’ and ‘Focus Market’ are the two schemes introduced related to—
(A) Industrial Diversification
(B) Technology Upgradation
(C) Export Promotion
(D) Control of Inflation
Ans : (C)

17. UNDP has introduced a new poverty index known as—
(A) Human Poverty Index
(B) Poorest among Poor Index
(C) Social Poverty Index
(D) Multi-dimensional Poverty Index
Ans : (D)

18. RBI on September 16, 2010 raised repo rate by 50 basis points which made repo rate—
(A) 5%
(B) 5•75%
(C) 6%
(D) 6•25%
Ans : (C)

19. To which community/organisation maximum goods are exported from India ?
(A) EEC
(B) Commonwealth nation
(C) SAFTA
(D) OPEC
Ans : (A)

20. For National Manufacturing and Investment Zones (NMIZ), Special Economic Zone (SEZ) and EOUs (Exports-Oriented Units), which of the following statement is true ?
(A) NMIZs and EOUs will be located within SEZs
(B) SEZs and EOUs will be located within NMIZs
(C) NMIZs are independent of SEZs and EOUs
(D) NMIZs and SEZs will be competitors in nature.
Ans : (B)