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Salient Features and Challenges Before Indian Economy

Description: Salient Features and Challenges before Indian Economy
Number of Questions: 15
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Tags: Salient Features and Challenges before Indian Economy Economic Reforms Indian Economy Human Capital Development Indian Economic Geography
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Unemployment due to change in demand and supply conditions or due to change in market conditions is called

  1. structural unemployment

  2. disguised unemployment

  3. frictional unemployment

  4. open unemployment


Correct Option: C

As per the 2001 census, which of the following states had the highest child labour population in the country?

  1. Maharashtra

  2. Uttar Pradesh

  3. Bihar

  4. Andhra Pradesh


Correct Option: B

Which of the following committees/commissions recommended religion and caste as new BPL criteria?

  1. Tendulkar Committee

  2. N. C. Saxena Commission

  3. Planning Commission of India

  4. Wadhwa Committee


Correct Option: B

The biggest monster that is eating up into the success of India is

  1. rampant poverty

  2. widespread illiteracy

  3. population explosion

  4. massive unemployment


Correct Option: C

In India, 'Marginal Farmers' are those who hold land up to

  1. 1 hectare

  2. 2 hectares

  3. 3 hectares

  4. 4 hectares


Correct Option: A

In 2012-13, approximately what percent of India’s workforce was employed in unorganised sector?

  1. 74 percent

  2. 88 percent

  3. 56 percent

  4. 94 percent


Correct Option: D

The number of approved share markets in India is

  1. 19

  2. 20

  3. 22

  4. 23


Correct Option: D

Which Committee/Commission suggested a formula based on “consumption expenditure” for identifying BPL families in India?

  1. Tendulkar Committee

  2. N. C. Saxena Commission

  3. Planning Commission of India

  4. Wadhwa Committee


Correct Option: A
Explanation:

Suresh Tendulkar headed a committee named as Suresh Tendulkar Committee to know about the people living under poverty line in India.

Currency notes of Rs. 20 and higher denomination are printed at

  1. Bank Note Press, Dewas

  2. Currency Note Press, Nasik Road

  3. Security Printing Press, Hyderabad

  4. All of the above


Correct Option: A
Explanation:

Correct answer is (1). 

SENSEX is related with the value of a few selected companies. The number of companies is

  1. 300

  2. 30

  3. 150

  4. 100


Correct Option: B

Who among the following benefits the most from inflation?

  1. Creditors

  2. Debtors

  3. Saving Bank Account Holders

  4. None of these


Correct Option: B
Explanation:

Correct answer is (2). 

The best means of saving during inflation is to keep

  1. money in bank

  2. equity

  3. bonds

  4. debentures


Correct Option: A
Explanation:

It is easy to suggest that one may park the funds in equity. In times of inflationary turbulence, there could be greater uncertainty in equity returns, which, in any case, are not sure guarantees. The best way to hedge against inflation is to park funds in saving instruments that offer interest rates in excess of the average rate of inflation. 

One of the measures to tackle evils like poverty and unemployment and to ensure development of the poor is microfinance. However, the role microfinance institutions (MFIs) itself was questioned. Name the committee appointed by the Government of India to study the irregularities in these MFIs.

  1. Mangalam Committee

  2. Malegam Committee

  3. Tendulkar Committee

  4. Verma Committee


Correct Option: B
Explanation:

Correct Answer: Malegam Committee

The type of unemployment mostly found in India can be characterised as

  1. disguised

  2. cyclical

  3. structural

  4. frictional


Correct Option: A

The modern Indian economy is best characterised by

  1. market oriented mode of production

  2. capital intensive mode of production

  3. self-sufficient village system

  4. labour intensive mode of production


Correct Option: A
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