Economics set 1 MCQs
Practice interactive objective questions for this topic. Select an option to instantly verify your answer and read detailed explanations.
Q.151
According to the Census of India 2011, which group of states has the least urban population?
A
Himachal Pradesh and Meghalaya
B
Himachal Pradesh and Bihar
C
Uttar Pradesh and Bihar 170
D
Madhya Pradesh and Bihar
Q.152
According to the National Multidimensional poverty index 2021, which of the following states has the lowest percentage of population being multidimensional poor?
A
Maharashtra
B
Punjab
C
Sikkim
D
Bihar
Q.153
As compared to monopolistic competition, the demand curve in a monopoly is:
A
infinitely elastic
B
equally elastic
C
more elastic
D
less elastic
Q.154
The 10th Five-Year Plan aimed at reducing poverty by:
Q.155
Intervention by the monetary authority of a country in the money market to keep money supply stable against exogenous or sometimes external shocks is called .
A
sterilisation
B
capitalisation
C
conservation
D
neutralisation
Q.156
According to the Census of India 2011, which of the following states has the largest Buddhist population?
A
Uttar Pradesh
B
Maharashtra
C
Madhya Pradesh
D
West Bengal
Q.157
The growth rate of India's population has been declining since .
A
1971
B
1991
C
1951
D
1981
Q.158
Which of the following organisation's initiative is 'India Justice Report'?
A
Tata Trusts
B
Azim Premji Foundation
C
Infosys Foundation
D
HCL Foundation
Q.159
According to Global Multidimensional poverty index (2022), which of the following groups of states is included in top 10 poorest states of India?
A
Punjab and Gujarat
B
Manipur and Nagaland
C
Karnataka and Tamil Nadu
D
Meghalaya and Madhya Pradesh
Q.160
Which of the following statements is/are FALSE about the Special Economic Zones (SEZs) of India? i. One of the main objectives of the Zones Act was promotion of exports of goods and services. ii. The Government of India announced the Special Economic Zones (SEZs) Policy in the year 2011. iii. The SEZ Rules provided for different minimum land requirement for different classes of SEZs.
A
Only ii
B
Only i and ii
C
Only ii and iii
D
Only iii
Q.161
Which of the following was a feature of the Indian economy before the British rule?
A
Prosperous economy
B
Self-reliant economy
C
Dependent economy
D
Independent economy
Q.162
at Market Price refers to the sum total of factor incomes earned by residents of a country during an accounting year including net indirect taxes.
A
Net Domestic Product (NDP)
B
Gross Domestic Product (GDP)
C
Gross National Product (GNP)
D
Net National Product (NNP)
Q.163
In 2000-01, NABARD instituted Micro Finance Development Fund with a corpus of .
A
₹245 crores
B
₹100 crores
C
₹150 crores
D
₹ 189 crores
Q.164
What is the literacy rate of India as per the National Survey of India-2022?
A
78.3%
B
74.2%
C
72.1%
D
77.7% 171
Q.165
Competitive behaviour and competitive market structure are related.
A
not
B
directly
C
inversely
D
proportionately
Q.166
According to Global Multidimensional poverty index (2022), On the basis of four indicators- nutrition, cooking fuel, sanitation and housing, how much poor people live in India?
A
24.4 million
B
54.4 million
C
44.4 million
D
34.4 million
Q.167
According to the National Crime Records Bureau data, from 2016 to 2019, suicide cases due to unemployment have increased by .
Q.168
In the year 2021, the Department of Public Enterprises has now been made part of the Ministry, to speed up the privatisation process and exercise greater financial control over the state-run-enterprises.
A
Micro, Small and Medium Enterprises
B
Heavy Industries and Public Enterprises
C
Finance
D
Commerce and Industry
Q.169
As per the Economic Survey 2022-23, the Labour Force Participation Rate for males has gone up to….. in 2020-21.
A
55.1%
B
59.3%
C
54.2%
D
57.5%
Q.170
In 1955, noted the possibility of using small scale for promoting industries development.
A
Chakravarty Committee
B
Sarkaria Committee
C
Kelkar Committee
D
Karve Committee
Q.171
Which of the following statements is/are true with respect to MRTP Act? rural i) The Monopolies and Restrictive Trade Practices Act (MRTP Act) was repealed and replaced by the Competition Act, 2002. ii) The asset limit for MRTP companies was fixed at Rs. 25 crores by the first/original Monopolies and Restrictive Trade Practices Act (MRTP Act). iii) The Monopolies and Restrictive Trade Practices Act (MRTP Act) was first passed in 1969.
A
Only i and iii
B
Only ii and iii
C
Only iii
D
Only i and ii
Q.172
As per the Census-2011, the total absolute increase in population during the decade is .
A
15.23 crore
B
17.21 crore
C
16.41 crore
D
18.19 crore
Q.173
The country's infrastructure vision for FY-2025 and the first exercise to be conducted in India is named as…..
A
National Infrastructure Plan
B
National Infrastructure Pipeline
C
National Infrastructure Projects
D
National Infrastructure Planning
Q.174
Which of the following is NOT a characteristics of the National Investment and Manufacturing Zones (NIMZs) of India?
A
The state government will provide power connectivity, water and other infrastructural facilities.
B
A special purpose vehicle will be constituted to take care of the functioning of NIMZs.
C
It prescribes a minimum area of 10000 hectares for establishing NIMZs.
D
At least 30% of the total land area proposed for the NIMZ is to be utilized for manufacturing units.
Q.175
The Industrial Policy Resolution, 1948 mainly categorised the large-scale industries into fragments.
A
three
B
four
C
two
D
five
Q.176
Which of the following committees was associated with Industrial Licensing Policy Inquiry? 172
A
Gadgil Committee
B
Hazari Committee
C
Sen Committee
D
Dutt Committee
Q.177
What is the impact of proportional taxes?
A
Increases the marginal propensity to consume
B
Reduces the autonomous expenditure multiplier
C
Increases the induced expenditure multiplier
D
Increases the autonomous expenditure multiplier
Q.178
Aajeevika - National Rural Livelihoods Mission (NRLM) - was launched by the Ministry of Rural Development (MoRD), Government of India, in the year .
A
2013
B
2010
C
2012
D
2011
Q.179
Which of the following is issued by commercial banks at a discount on face value?
A
Commercial papers
B
Certificates of deposits
C
Treasury bills
D
Promissory notes
Q.180
In cost theory, the usual shape of the curve is a rectangular hyperbola.
A
total cost
B
fixed cost
C
average fixed cost
D
variable cost