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This set of Indian Economy Multiple Choice Questions & Answers (MCQs) focuses on Poverty, Unemployment and Alleviation Programmes Set 2

Q1 | The Govt. of India has launched a number of poverty alleviation programmes. This is done with the view that poverty is the root cause of social insecurity. In addition to that UNO has also launched Millennium Development Goals to be achieved by 2015.Which of the following is NOT one of those goals? [Punjab & Sindh Bank 2011]
  • Improve mental health
  • Combat HIV/AIDS, Malaria
  • Reduce marriageable age for males to 18 yr
  • Promote gender equality and empower women
Q2 | Which of the following is the amount of Insurance cover provided to the workers of the unorganized sector under Rashtriya Swasthya Bima Yojana ? [Corporation Bank PO 2011]
  • Rs. 10,0007
  • Rs. 20,0007
  • Rs. 30,0007
  • Rs. 40,0007
Q3 | The Govt. of India does not provide any direct financial assistance to which of the following schemes? [SBI Associates Clerk 2011]
  • Mahatma Gandhi National Rural Employment Guarantee scheme
  • Rural Health Mission
  • Indira Aawas Yojana
  • Jeevan Sathi Yojana
Q4 | Who amongst the following can take benefit of the Social Security Fund established by the Govt. of India for unorganized workers? [SBI Associates Clerk 2011]
  • Primary school teacher
  • Employee of Sugar Factory
  • Textile Mazdoor
  • Rickshaw Puller
Q5 | As per latest data in urban areas women employment is highest in which of the following industries areas? [UBI PO 2010]
  • Private households
  • Textiles
  • Apparel
  • Retail Trade
Q6 | When the productive capacity of the economic system of a State is inadequate to create sufficient number of jobs, it is called [CDS 2012]
  • seasonal unemployment
  • structural unemployment
  • disguised unemployment
  • cyclical unemployment
Q7 | Under Indira Gandhi National Old Age Pension Scheme (lGNOAPS), the benefits are available to the people having minimum age of ____ [Bank of India PO 2010]
  • 50 years
  • 55 years
  • 65 years
  • 60 years
Q8 | Poverty in less developed countries is largely due to [CPO SI 2010]
  • voluntary idleness
  • income inequality
  • lack of cultural activities
  • lack of intelligence of the people
Q9 | Which of the following are definite implications of a fall in inflation? 1. Prices have fallen 2. Prices are increasing more slowly than before 3. Food supply has increased 4. There is industrial stagnation
  • 1 and 3
  • 1 only
  • 2 only
  • 1, 3 and 4
Q10 | Among the causes of inflation can be listed: 1. slow growth in agricultural output 2. increasing non-development expenditure of Government 3. rapid population growth 4. rapid growth in costly imports
  • 1 and 2
  • 2 and 3
  • 1, 2, 3 and 4
  • 1 and 4 only
Q11 | Among the remedies of inflation we cannot include:
  • better capacity utilisation
  • lowering bank rate
  • reducing budgetary deficit
  • an efficient public distribution system
Q12 | A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as:
  • inflation
  • hyper-inflation
  • deflation
  • disinflation
Q13 | Inflationary Gap is a situation characterized by:
  • excess of Aggregate Demand over Aggregate Supply at the full employment level
  • gap between Galloping Inflation and Runaway Inflation
  • Inflation coupled with recession
  • Inflation that usually prevails in a developing country
Q14 | Which of the following is wrongly matched?
  • Depression: Insufficient demand causing large scale unemployment of men and machinery over a long period of time
  • Recession: Reduction in demand and production/ investment over a short period of time
  • Stagflation: slow pace of economic activity due to falling prices
  • Boom: Rapid and all-round spurt in economic activity
Q15 | The cause of inflation is:
  • increase in money supply
  • fall in production
  • increase in money supply and fall in production
  • decrease in money supply and fall in production
Q16 | Who among the following is most benefitted from inflation? [IAS 1989]
  • Government pensioners
  • Creditors
  • Savings Bank Account holders
  • Debtors
Q17 | Which of the following groups suffer the most from inflation? [CPO SI 2003]
  • Debtors
  • Creditors
  • Business class
  • Holders of real assets
Q18 | Minimum inflation in post economic reform was in :
  • 1999-2000
  • 2000-01
  • 2001-02
  • 2002-03
Q19 | Inflation is caused as a result of:
  • increase in money supply
  • fall in production
  • increase in money supply without a corresponding increase in production
  • decrease in money supply without a corresponding decrease in production
Q20 | Which of the following accounts for Cost-Push Inflation?
  • Increase in money supply
  • Increase in indirect taxation
  • Increase in population
  • Increase in non-plan expenditure
Q21 | The inflation experienced in the country at present is:
  • galloping inflation
  • secondary inflation
  • unrealistic inflation
  • cost-push inflation
Q22 | Which of the following governmental steps has proved relatively effective in controlling the double digit rate of inflation in the Indian economy during recent years?
  • Containing budgetory deficits and unproductive expenditure
  • Streamlined public distribution system
  • Enhanced rate of production of all consumer goods
  • Pursuing an export-oriented strategy
Q23 | Of the various ways of financing government's investment expenditure, the leastinflationary is : [PCS 1994]
  • foreign aid
  • deficit financing
  • taxation
  • public borrowing
Q24 | 'Devaluation' means: [RRB 1992]
  • converting rupee into gold
  • lowering of the value of one currency in comparison of some foreign currency
  • making rupee dealer in comparison to some foreign currency
  • None of these
Q25 | Monetary policy is regulated by:
  • money lenders
  • Central Bank
  • private entrepreneurs
  • Government policy