Quiz on “UPSC MCQ On Indian Economy – 2” giving you an idea about questions asked on Indian Economy in competitive exams.
Silk textiles are mainly produced in which countries?
A. China and Korea
B. China and Tokyo
C. China and India
D. China and istanbul
China and India
The major silk producing countries in the world are; China, India, Uzbekistan, Brazil, Japan, Republic of Korea, Thailand, Vietnam, DPR Korea, Iran, etc.
Que (27):
Among South Asian countries which has lowest Maternal Mortality Ratio (per 1,000 live births)?
A. Bangladesh
B. Nepal
C. Bhutan
D. Pakistan
Bangladesh
In 2017, maternal mortality ratio for Bangladesh was 173 deaths per 100,000 live births. Maternal mortality ratio of Bangladesh fell gradually from 432 deaths per 100,000 live births in 1998 to 173 deaths per 100,000 live births in 2017.
Que (28):
What is meant by ‘Underwriting’, the term frequently used in financial sector?
A. nan
B. nan
C. nan
D. nan
Under valuation of the assets
nan
Que (29):
From the view of International economy, What does third World imply?
A. Poor countries
B. Countries which have potential
C. The developing countries
D. Countries with no political power
The developing countries
Third World falls behind First World and Second World but is ahead of Fourth World though Fourth World countries are hardly recognized at all.
Que (30):
In which year did UN establish the UN Conference on Trade and Development?
A. 1982
B. 1983
C. 1954
D. 1956
1964
UNCTAD was established by the United Nations General Assembly in 1964 and it reports to the UN General Assembly and United Nations Economic and Social Council.
Que (31):
Which Committee was formed to suggest means for eradicating black money?
A. Mandal commission
B. Sarkaria Committee
C. Nanavati Committee
D. Cheiliah Commiiittee
Cheiliah Committee
Raja Chelliah Tax Reforms Committee. … In terms of Indirect taxes, the high rates of custom / excise duties were prevalent. There was no VAT, there was no service sector within the purview of tax. The efforts to reform India’s tax system began in mid 1980s when the government announced a Long Term Fiscal Policy 1985
Que (32):
What is the situation with increasing unemployment and inflation termed?
A. Recession
B. Unemployment
C. Stagflation
D. Inflation
Stagflation
In economics, stagflation, or recession-inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.
Que (33):
Which agency has the power to declare any industrial unit as a potentially sick unit?
A. BIFR
B. BIFG
C. BIFH
D. BIFS
BIFR
BIFR agencies has the power to declare any industrial unit as a potentially sick unit.
Que (34):
If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation?
A. decrease
B. Increase
C. Stays the same
D. None of these
Increase
Cash Reserve Ratio. Definition: Cash Reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank. CRR is set according to the guidelines of the central bank of a country.
Que (35):
When can the salaries of High Court judges be reduced?
A. During a State Emergency
B. During a Financial Emergency
C. During a National emergency
D. none of these
During a Financial Emergency
The salaries and allowances of the Judges of the Supreme Court can be reduced only during the periods of financial emergency. This is because their salaries and allowances are charged on the Consolidated Fund of India and therefore are not subject to vote of the Parliament.
Que (36):
Which shipyard is known for the manufacture of bargets, coasters and dredgers?
A. Penguin Shipyard International
B. China Shipbuilding Corporation
C. Garden Reach Shipyard
D. nan
Garden Reach Shipyard
Garden Reach Shipyard is known for the manufacture of bargets, coasters arid dredgers.
Que (37):
Which provides the largest part of the demand for loanable funds in India?
A. Government jobs
B. Corporate business
C. Trade and foriegn currency
D. Globalization
Corporate businesses
nan
Que (38):
What is the main source of revenue to meet different expenditures?
A. Income
B. Trade
C. Internal borrowings
D. External borrowings
Internal borrowings
Internal debt or domestic debt is the part of the total government debt in a country that is owed to lenders within the country. Internal government debt’s complement is external government debt.
Que (39):
From which sector is the largest contribution in India’s National Income?
A. Primary sectory
B. Secondary sector
C. Tertiary sector
D. Industrial sector
Tertiary sector SERVICE SECTOR
The services sector is the largest sector in India. Gross Value Added (GVA) at current prices for the Services sector is estimated at 73.79 lakh crore INR in 2016-17. The services sector accounts for 53.66% of total India’s GVA of 137.51 lakh crore Indian rupees.
Que (40):
In which policy India opted for ‘Mixed Economy’?
A. Industrial Policy of 1948
B. Industrial Policy of 1944
C. Industrial Policy of 1943
D. Industrial Policy of 1949
Industrial Policy of 1948
Mixed economy in India was adopted according to the second five year plan. Before Independence, India had a ‘laissez faire’ economy but with the introduction of this plan, it became mixed
Que (41):
In which state has India’s largest private sector sea port been commissioned recently?
A. Chandigarh
B. Mumbai
C. Delhi
D. Andhra Pradesh
Andhra Pradesh
Andhra Pradesh State has India’s largest private sector sea port which is been commissioned recently
Que (42):
What is the task of the Planning Commission?
A. Draft Plan
B. Think of a Plan
C. Put plan into action
D. Preparation of the plan
Preparation of the plan
To determine the conditions which need to be established for the successful execution of the plan within the incumbent socio-political situation of the country. To determine the nature of the machinery required for securing the successful implementation of each stage of the plan in all its aspects.
Que (43):
Automatic approval of foreign investment up to 51 percent and foreign technology agreements permitted for 35 priority industries, which account for 50 percent value added in the manufacturing sector was approved in which year?
A. 1993
B. 1994
C. 1995
D. 1996
1996
nan
Que (44):
What does M3 include?
A. M3 + TD
B. M2 + TD
C. M3 + TD
D. M7 +TD
M1 + TD
M3 is a measure of the money supply that includes M2 as well as large time deposits, institutional money market funds, short-term repurchase agreements and larger liquid assets.
Que (45):
‘Kandla’ situated on the Gulf of Kachchh is well known for which purpose?
A. Import
B. Oil
C. Minerals
D. Export Processing Zone
Export processing zone
Kandla’ is situated on the Gulf of Kachh is well known for which of the following? Export Processing Zone. Centre for Marine Food products. Cutting and Polishing of diamonds.
Que (46):
Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ?
A. Rs. 100
B. Rs. 150
C. Rs. 200
D. Rs. 250
Rs. 100
nan
Que (47):
Which is the regulatory authority for giving clearance for External Commercial borrowing?
A. RBI
B. SEBI
C. FMC
D. IRDA
RBI
The Reserve Bank of India is India’s central bank, which controls the issue and supply of the Indian rupee. RBI is the regulator of entire Banking in India. RBI plays an important part in the Development Strategy of the Government of India
Que (48):
From when was the Zero Base Budgeting in India first experimented?
A. 32234
B. 31868
C. 31503
D. April 1989\
31868
Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period. The process of zero-based budgeting starts from a “zero base,” and every function within an organization is analyzed for its needs and costs.
Que (49):
With which Economic growth is usually coupled?
A. GDP
B. Inflation
C. Deflation
D. Regression
Inflation
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.
Que (50):
In India, in which industry are maximum number of workers employed?
A. Metalic industry
B. Textile industry
C. Automobile industry
D. Real estate
Textile industry
The textile industry occupies unique position in the Indian economy, because it contributes significantly to industrial production (14 per cent), employment generation (35 million persons directly – the second largest after agriculture) and foreign exchange earnings (about 24.6 per cent).
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