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This set of Indian Economy Problems and Policies Multiple Choice Questions & Answers (MCQs) focuses on Indian Economy Problems And Policies Set 2

Q1 | Inflation implies:
  • rise in budget deficit
  • rise in moneysupply
  • rise in general price index
  • rise in prices of consumer goods
Q2 | Who is the originator of Green Revolution in India?
  • norman e. borlaug
  • m.s. swaminathan
  • garry backer
  • none of these
Q3 | Which of the following is the apex bank of India?
  • sbi
  • sbt
  • rbi
  • icici
Q4 | Which one of the following institution formulates monetary policy?
  • rbi
  • finance ministry
  • sebi
  • planning commission
Q5 | National income estimation in India is the responsibility of
  • nsso
  • cso
  • finance ministry
  • national income committee
Q6 | As per the CSO classification, which of the following does not fall under industrial sector?
  • electricity
  • gas and water supply
  • transport and communication
  • manufacturing
Q7 | Which one of the following brings out the publication called ‘Energy Statistics’ from time totime”
  • central power research institute
  • planning commission
  • pfcl
  • central statistical organization
Q8 | The headquarters of UNFCCC is located at:
  • geneva
  • berlin
  • tokyo
  • bonn
Q9 | Which of the following brings out wholesale Price Index (WPI)
  • the reserve bank of india
  • the department of economic affairs
  • the labour bureau
  • ministry of industry
Q10 | Economic depression is usually coupled with:
  • deflation
  • inflation
  • stagflation
  • hyperinflation
Q11 | The phenomena of increasing prices but declining output and employment indicates:
  • disinflation
  • stagflation
  • reflation
  • open inflation
Q12 | Which of the following is not a measure to control inflation adopted by the RBI and theGovernment?
  • monetary policy
  • financial inclusion
  • variation in margin requirements
  • changes in taxation
Q13 | Which of the authority is entrusted to retain the foreign exchange reserve of the country?
  • sebi
  • central government
  • rbi
  • exim bank
Q14 | This is the rate at which RBI borrows money from commercial banks:
  • open market operations
  • slr
  • repo rate
  • reverse repo rate
Q15 | The basic objective of MUDRA bank is to:
  • give priority to sc/st enterprises
  • funding the unfunded areas
  • ensuring financial inclusion
  • all of the above
Q16 | In India deficit financing is used for raising resources for:
  • economic development
  • redemption of public debt
  • adjustment the balance of payments
  • reducing the foreign debt
Q17 | Which of the following contributes largest share in the tax revenue of India?
  • service tax
  • wealth tax
  • income tax
  • securities transaction tax
Q18 | Which one of the following state introduced ‘fat tax’ for the first time in India?
  • gujarat
  • kerala
  • karnataka
  • haryana
Q19 | Demonetisation has the potential to generate long term benefits in terms of:
  • reduced corruption
  • greater digitalization of the economy
  • increased flaws of financial savings
  • all of the above
Q20 | What is the level of sex ratio in India as per the Census Report of 2011?
  • 930
  • 935
  • 940
  • 945
Q21 | Select the scheme which was launched to promote basic education in India and attractchildren in school going age to attend the classes:
  • pulse polio abhiyan
  • operation black board
  • mid-day meal scheme
  • shiksha sahyog yojana
Q22 | The AMRUT (Atal Mission for Rejuvenation and Urban Transformation) programmefocuses on:
  • providing water supply
  • providing nutritional support
  • providing electricity connection
  • providing free lpg connection
Q23 | In an economy, head count ratio is the measure of :
  • unemployment
  • poverty
  • literacy
  • malnutrition
Q24 | The government of India refers to the absolute poverty line in terms of:
  • household savings
  • household consumption
  • household investment
  • household income
Q25 | Which one of the following items has maximum weight in wholesale price index in India?
  • primary article
  • fuel and power
  • manufactured products
  • food item