Economics set 2 MCQs

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Showing 342 questions
Q.271 The objective of NIP is to provide equitable access to infrastructure for public, thereby making growth more inclusive. What is the full form of NIP?
A National Infrastructure Project
B National Integrated Project
C National Integrated Ports
D National Infrastructure Pipeline
Discuss / Board
Q.272 How many components of population change are there which are core to the domain of population studies?
A 5
B 3
C 4
D 2
Discuss / Board
Q.273 According to the global Multidimensional Poverty Index (MPI) 2021, India's rank is out of 109 countries.
A 98
B 66
C 63
D 101
Discuss / Board
Q.274 The census operations of India had been carried out in phases according to census 2011.
A 2
B 5
C 3
D 7
Discuss / Board
Q.275 The 'National Food for Work Programme' was launched in the year 2004 by the Government of India in most backward districts of India.
A 250
B 150
C 100
D 200
Discuss / Board
Q.276 Consider the following statements and select the correct option: i. Marginal Worker is a person who works for less than 183 days (or six months) in a year. ii. Main Worker is a person who works for atleast 300 days (or ten months) in a year.
A Both i and ii are correct.
B Both i and ii are incorrect.
C Only ii is correct.
D Only i is correct.
Discuss / Board
Q.277 What is the Neonatal Mortality Rate (per 1000 live births) as per the fifth round of National Family Health Survey (NFHS) conducted by Ministry of Health and Family Welfare (MoHFW) during the year 2019-21?
A 20.1
B 24.9
C 19.4
D 58.5
Discuss / Board
Q.278 If the recipient of Employee provident Fund (EPF) withdrawal does not provide his PAN, TDS on the withdrawal will be , instead of the maximum marginal rate as per new budget of 2023.
A 30%
B 51%
C 40%
D 20%
Discuss / Board
Q.279 In which of the following years was the Goods and Services Tax (Compensation to States) Bill passed?
A 2007
B 2014
C 2017
D 2002
Discuss / Board
Q.280 The fifth and sixth five-year plans were majorly focused on which of the following?
A protection of environment
B industrial products
C level of employment
D To reduce poverty
Discuss / Board
Q.281 Which of the following is a reason for India trade deficit?
A India has stopped imports
B India's exports and imports are equal
C India's imports are less than its exports
D India's exports are less than its imports
Discuss / Board
Q.282 The amount of Cash Reserves that commercial banks are required to keep with the RBI is referred to as:
A SLR
B Bank Rate
C Repo Rate
D CRR
Discuss / Board
Q.283 Which of the following periods was declared 'Plan Holiday' by the government?
A 1967-1969
B 1965-1968
C 1966-1971
D 1966-1969
Discuss / Board
Q.284 Which of the following steps promoted the growth of the economy as a whole by stimulating the development of industrial and tertiary sectors?
A Green Revolution
B Colonial rule
C Independence
D Planning
Discuss / Board
Q.285 Which of the following is an impact of globalisation on India's trade?
A It has reduced the dependency on foreign markets
B It has reduced the competition and challenges of trade
C It has increased the volume and diversity of trade
D It has increased the self-reliance and autonomy of trade
Discuss / Board
Q.286 Which of the below mentioned elements occurs when the government's revenue expenditure is more than its revenue receipts?
A Fiscal Deficit
B Capital Deficit
C Budgetary Deficit
D Revenue Deficit
Discuss / Board
Q.287 Small-scale industries in India in 1950 were defined as all those industries in which the maximum investment amounted to:
A ₹5 lakh
B ₹7 lakh
C ₹6 lakh
D ₹8 lakh
Discuss / Board
Q.288 Generally, with development, the share of agricultural sector .
A decreases
B increases
C remains constant
D remains stable
Discuss / Board
Q.289 What was the estimated growth target of the Second Five-Year Plan in India?
A 3.5%
B 4.0%
C 4.5%
D 5.0%
Discuss / Board
Q.290 What is the trade-strategy, which India adopted in the first-seven Five-Year Plans?
A Inward-looking trade strategy
B Partially outward-looking trade strategy
C Partially inward-looking trade strategy
D Outward-looking trade strategy
Discuss / Board
Q.291 Which of the following is the correct formula for calculating gross primary deficit?
A Gross fiscal deficit - Borrowings from abroad
B Gross fiscal deficit - Borrowing from RBI
C Gross fiscal deficit + Net interest liabilities
D Gross fiscal deficit - Net interest liabilities
Discuss / Board
Q.292 Which of the below mentioned elements is NOT a method to finance a fiscal deficit?
A Higher taxation
B Non-tax revenues
C Deficit financing
D Borrowings from domestic and international sources
Discuss / Board
Q.293 Which of the following statements is true about the share of agriculture in India's international export trade over the last few decades?
A remained the same
B did not increase significantly
C declined significantly
D did not decline significantly
Discuss / Board
Q.294 Section 56 (2) (vii B) in the Income Tax Act is referred to as:
A Normal Investments
B Angel Fund
C Normal Taxing
D Angel Tax
Discuss / Board
Q.295 The Primary Deficit is zero in which of the following situations?
A When fiscal deficit is zero
B When the government stops borrowing entirely
C When revenue deficit is zero
D When fiscal deficit is exactly equal to interest payments
Discuss / Board
Q.296 What was the contribution of the agriculture sector to the GDP in 1950 ?
A 48.6%
B 72.3%
C 67.5%
D 56.6%
Discuss / Board
Q.297 Hill Area Development Programmes were initiated during the Five-Year Plan covering 15 districts.
A Fifth
B Second
C Fourth
D Sixth
Discuss / Board
Q.298 Which of the following states have witnessed effective implementation of land reform measures?
A Andhra Pradesh and West Bengal
B Kerala and West Bengal
C Tamil Nadu and Gujarat
D Uttar Pradesh and Kerala
Discuss / Board
Q.299 The RBI launched the Lead Bank Scheme (LBS) to mobilise deposits and step-up lending to weaker sections of the economy. When was the scheme launched?
A 1973
B 1969
C 1962
D 1958
Discuss / Board
Q.300 In the context of a consumption function for an economy, if MPC = 0.6, then what is the likely value of MPS?
A 0.16
B 0.36
C -0.6
D 0.4
Discuss / Board

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