Indian Contributions to Financial Policy

Description: This quiz is designed to test your knowledge of the contributions made by Indian scholars and policymakers to the field of financial policy.
Number of Questions: 15
Created by:
Tags: indian economics financial policy economic history
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Who is considered to be the father of Indian economics?

  1. Amartya Sen

  2. Jagdish Bhagwati

  3. Manmohan Singh

  4. B.R. Ambedkar


Correct Option: D
Explanation:

B.R. Ambedkar, a prominent figure in the Indian independence movement and the first law minister of independent India, is widely regarded as the father of Indian economics for his contributions to economic policy and social justice.

Which Indian economist is known for his work on the theory of economic development?

  1. Amartya Sen

  2. Jagdish Bhagwati

  3. Manmohan Singh

  4. K.N. Raj


Correct Option: D
Explanation:

K.N. Raj, an Indian economist and professor, is renowned for his work on the theory of economic development, particularly his emphasis on the role of agriculture and rural development in the process of economic growth.

What is the name of the economic policy framework introduced by the Indian government in 1991?

  1. Liberalization

  2. Privatization

  3. Globalization

  4. All of the above


Correct Option: D
Explanation:

The economic policy framework introduced by the Indian government in 1991 is commonly referred to as 'Liberalization, Privatization, and Globalization' (LPG). This framework aimed to liberalize the economy, reduce government control, and promote foreign investment.

Who was the finance minister of India during the implementation of the LPG reforms?

  1. Manmohan Singh

  2. P. Chidambaram

  3. Yashwant Sinha

  4. Arun Jaitley


Correct Option: A
Explanation:

Manmohan Singh, who later became the Prime Minister of India, served as the finance minister during the implementation of the LPG reforms in the early 1990s.

What is the name of the central bank of India?

  1. Reserve Bank of India

  2. State Bank of India

  3. National Bank of India

  4. Bank of India


Correct Option: A
Explanation:

The Reserve Bank of India (RBI) is the central bank of India. It is responsible for regulating the country's monetary policy and managing the country's foreign exchange reserves.

Which Indian economist is known for his work on poverty and inequality?

  1. Amartya Sen

  2. Jagdish Bhagwati

  3. Manmohan Singh

  4. K.N. Raj


Correct Option: A
Explanation:

Amartya Sen, a Nobel laureate in economics, is renowned for his work on poverty, inequality, and social choice theory.

What is the name of the Indian government's flagship program for financial inclusion?

  1. Pradhan Mantri Jan Dhan Yojana

  2. Atal Pension Yojana

  3. Sukanya Samriddhi Yojana

  4. All of the above


Correct Option: D
Explanation:

The Indian government has implemented several programs to promote financial inclusion, including Pradhan Mantri Jan Dhan Yojana, Atal Pension Yojana, and Sukanya Samriddhi Yojana.

Which Indian economist is known for his work on game theory?

  1. Amartya Sen

  2. Jagdish Bhagwati

  3. Manmohan Singh

  4. Vijay Krishna


Correct Option: D
Explanation:

Vijay Krishna, an Indian economist and professor, is renowned for his work on game theory and its applications in economics.

What is the name of the Indian government's policy framework for promoting sustainable development?

  1. Sustainable Development Goals

  2. National Action Plan on Climate Change

  3. National Biodiversity Action Plan

  4. All of the above


Correct Option: D
Explanation:

The Indian government has adopted several policy frameworks to promote sustainable development, including the Sustainable Development Goals, National Action Plan on Climate Change, and National Biodiversity Action Plan.

Which Indian economist is known for his work on behavioral economics?

  1. Amartya Sen

  2. Jagdish Bhagwati

  3. Manmohan Singh

  4. Abhijit Banerjee


Correct Option: D
Explanation:

Abhijit Banerjee, an Indian-American economist and Nobel laureate, is renowned for his work on behavioral economics and development economics.

What is the name of the Indian government's flagship program for providing affordable housing to the urban poor?

  1. Pradhan Mantri Awas Yojana

  2. Rajiv Awas Yojana

  3. Indira Awas Yojana

  4. All of the above


Correct Option: A
Explanation:

The Pradhan Mantri Awas Yojana is the Indian government's flagship program for providing affordable housing to the urban poor.

Which Indian economist is known for his work on public finance?

  1. Amartya Sen

  2. Jagdish Bhagwati

  3. Manmohan Singh

  4. Musafir Singh


Correct Option: D
Explanation:

Musafir Singh, an Indian economist and professor, is renowned for his work on public finance and fiscal policy.

What is the name of the Indian government's policy framework for promoting financial literacy?

  1. National Strategy for Financial Education

  2. Financial Literacy Week

  3. Financial Inclusion Month

  4. All of the above


Correct Option: D
Explanation:

The Indian government has implemented several initiatives to promote financial literacy, including the National Strategy for Financial Education, Financial Literacy Week, and Financial Inclusion Month.

Which Indian economist is known for his work on development economics?

  1. Amartya Sen

  2. Jagdish Bhagwati

  3. Manmohan Singh

  4. Jean Drèze


Correct Option: D
Explanation:

Jean Drèze, an Indian-Belgian economist and professor, is renowned for his work on development economics and poverty alleviation.

What is the name of the Indian government's flagship program for providing financial assistance to farmers?

  1. Pradhan Mantri Kisan Samman Nidhi

  2. National Agricultural Insurance Scheme

  3. Pradhan Mantri Fasal Bima Yojana

  4. All of the above


Correct Option: D
Explanation:

The Indian government has implemented several programs to provide financial assistance to farmers, including Pradhan Mantri Kisan Samman Nidhi, National Agricultural Insurance Scheme, and Pradhan Mantri Fasal Bima Yojana.

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