Indian Economy Set 7
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This set of Indian Economy Multiple Choice Questions & Answers (MCQs) focuses on Indian Economy Set 7
Q1 | A Closed economy means:
- Money supply is controlled
- Digital financing take place
- Neither exports nor imports
- none
Q2 | What is Literacy rate
- Number of illiterate persons to total populations
- Number of graduate peoples to total population
- Number of literate persons to total population
- none
Q3 | Measuring number of people who die is
- Infant note
- Migration Note
- Morality rate
- none
Q4 | The vicious circle theory states that
- growing government assistance create addiction to welfare programs.
- low income levels create pressure for money creation.
- low income levels create pressure for cheap imports.
- low per capita income creates low savings that keep incomes low
Q5 | The rate of growth of an economy mainly depends upon:
- The rate of growth of the labour force
- The proportion of national income saved and invested
- The rate of technological improvements
- All of the above
Q6 | With economic growth, the proportion of labour-force engaged in agriculture:
- Increases
- Decreases
- Remains unaffected
- Changes in an uncertain manner
Q7 | The Gini coefficient is a technique frequently used to show:
- variations in life expectancy
- income inequality
- differences in infant mortality
- the education gap
Q8 | Disguised unemployment means:
- Unemployment in agriculture
- Unemployment due to recession
- Unemployment due to downturn in business activity
- Marginal Productivity of Labour (MPL) is zero.
Q9 | During the recessionary phase of a business cycle:
- The natural rate of unemployment will increase dramatically
- Potential national income will exceed actual national income
- Actual national income will exceed potential national income
- The real rate of interest will exceed the nominal rate of interest.
Q10 | India is passing through the phase of population:
- Explosion
- Control
- Stability
- None of the above
Q11 | If an economy is underdeveloped, it means:
- Agriculture is the main occupation
- Standard of living of people is low
- Production Techniques are backward and obsolete
- All of the above
Q12 | When and by whom was HDI introduced?
- In 1990 by UNDP
- In 1989 by World Bank
- In 1990 by UNO
- In 1989 by IMF
Q13 | Indicator of HDI is:
- Longevity
- Educational Attainment
- Standard of Living
- All of the above
Q14 | Which plan gave emphasis on removal of poverty for the first time?
- Fourth
- Fifth
- Sixth
- Seventh
Q15 | Which are the economic consequences of problem of poverty?
- increasing Unemployment
- Capital Deficiency
- Inadequate economic development
- All of the above
Q16 | What is the full form of IRDP?
- Integrated Rural Development Programme
- Intelligent Rural Development Programme
- Induced Rural Development Programme
- None of the above.
Q17 | What are the salient demographic features of India’s population?
- Growth rate of population
- Uneven distribution of population
- Age composition
- All of the above
Q18 | Having insufficient income to provide a minimum standard of living is
- Absolute poverty
- Relative poverty
- None
- none
Q19 | In which among the following year was ‘liberalized industrial policy’ in India was announced for the first time?
- 1992
- 1995
- 1991
- none
Q20 | Zero Defect Zero Effect" slogan is related to which of the following scheme?
- Digital India
- Make in India
- Startup India
- Clean India mission
Q21 | After agriculture, --------------provides highest employment to the local & neighborhoodresidents.
- Cottage Industry
- Rural Industry
- Small scale sector
- none
Q22 | Parallel economy emerges due to
- Tax avoidance
- tax evasion
- tax abiding
- none
Q23 | What was the main theme of the 12th five-year plan of India
- Faster and more inclusive growth
- Faster, more inclusive and sustainable growth
- Growth with justice and equity
- Sustainable Development.