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Aspects of Indian Economy

Description: Selected Aspects of Indian Economy 2
Number of Questions: 20
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Which one of the following is not a cause of poverty in India?

  1. Abundant population

  2. Abundant natural resources

  3. Abundant inequalities in distribution of income

  4. Abundant surplus manpower in agriculture


Correct Option: B

Urbanisation results from

  1. industrialisation

  2. development

  3. growth

  4. none of these


Correct Option: A

When prices are falling continuously, the phenomenon is called

  1. inflation

  2. stagflation

  3. deflation

  4. reflation


Correct Option: C

Structural unemployment results due to

  1. a change caused by the introduction of new machines, labour saving devices and improvement in methods of production

  2. a change caused by recessionary and depressionary phases of the economy

  3. a change caused by high population growth, primitive state of technology, low capital formation and vicious circle of poverty etc.

  4. a change caused by a decline in demand for production in a particular industry and consequent disinvestments and reduction in its manpower requirement


Correct Option: D

Urbanisation means

  1. change of agriculture to individualists

  2. transfer of people from agricultural occupations to non-agricultural occupations

  3. movement of people from cities to villages

  4. none of these


Correct Option: B

In terms of generation of power, ___ 's contribution is the maximum.

  1. hydel

  2. nuclear

  3. thermal

  4. others


Correct Option: C

If the demand for goods and services is more than their supply, then the resultant inflation is

  1. cost-push inflation

  2. stagflation

  3. hyper inflation

  4. demand-pull inflation


Correct Option: D

Electricity generated from radio active elements is called

  1. thermal electricity

  2. atomic energy

  3. hydel electricity

  4. tidal energy


Correct Option: B

EAS stands for

  1. Easy Assistance Scheme

  2. Endless Assistance Scheme

  3. Employment Assurance Scheme

  4. Employment Assessment Scheme


Correct Option: C

TRAI is the regulatory authority for _____ in India.

  1. railways

  2. telecom

  3. banking

  4. secondary market


Correct Option: B

Which budget in India is passed separately?

  1. Defence

  2. Airlines

  3. Atomic energy

  4. Railways


Correct Option: D

NTPC stands for

  1. National Thermal Power Corporation

  2. National Tidal Power Corporation

  3. National Theological power Corporation

  4. National Talent and Potential corporation


Correct Option: A

Of the major 12 ports, ______ is the top traffic handler.

  1. Paradip

  2. Cochin

  3. Visakhapatnam

  4. Mumbai


Correct Option: C

If borrowings and other liabilities are added to the budget deficit, we get

  1. revenue deficit

  2. capital deficit

  3. primary deficit

  4. fiscal deficit


Correct Option: D

Increase in money supply will lead to

  1. cost push inflation

  2. demand pull inflation

  3. structural inflation

  4. none of the above


Correct Option: B

Which of the following is not an objective of fiscal policy?

  1. Economic growth

  2. Economic stability

  3. Maximisation of employment level

  4. Regulating of financial institutions


Correct Option: D

The main objective of fiscal policy in the developing countries is to

  1. promote economic growth
  2. mobilise resources for economic growth
  3. ensure economic growth and distribution
  4. increase employment opportunities
  1. only 1 and 2 are correct

  2. only 2 and 3 are correct

  3. only 2 and 4 are correct

  4. 1,2,3 and 4 are correct


Correct Option: D

In India the fiscal year starts from

  1. 31st March

  2. 1st Jan

  3. 1st April

  4. 1st March


Correct Option: C

Who is the regulatory authority for telecom in India?

  1. SEBI

  2. TRAI

  3. MTNL

  4. BSNL


Correct Option: B

A government budget is defined as

  1. a description of the fiscal policies of the government and the financial plans

  2. a financial plan describing estimated receipts and proposed expenditures, and their disbursement under various heads

  3. Neither (1) nor (2)

  4. Both (1) and (2)


Correct Option: D
Explanation:

A government budget is a description of the fiscal policies of the government and the financial plans, and a financial plan describing estimated receipts and proposed expenditures, and their disbursement under various heads.

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