MCQ on Indian Economy
If withdrawal of a worker from employment does not create any output loss, this situation is known as
- Search unemployment
- Voluntary unemployment
- Disguised unemployment
- Frictional unemployment
Explanation:
The period of high inflation and low economic growth is termed as:
- Stagnation
- Take-off stage in economy
- Stagflation
- Depression
Explanation:
In India, Special Economic Zones were established to enhance:
- Technology Development
- Free Trade
- Foreign Investment
- Employment
Explanation:
In order to control inflationary price rise, Reserve Bank directs Banks to
- Reduce rate of interest on credit
- Reduce Statutory Liquidity Ratio (SLR)
- Increase Cash Reserve Ratio (CRR)
- Buy bonds from capital market
Explanation:
Assertion (A) :
The development programmes undertaken in India are oriented towards economic growth along with social justice.
Reason (R) :
Indian economy is afflicted with poverty, unemployment and inequalities.
Select the correct answer from the following options.
- Both (A) and (R) are correct, and (R) is the correct explanation for (A)
- Both (A) and (R) are correct, but (R) is not the correct explanation for (A)
- (A) is correct, but (R) is not correct
- (A) is not correct, but (R) is correct
Explanation:
Major part of the Indian agriculture is characterized by
- Large size farm
- Capitalist agriculture
- Small size farm
- Co-operative farm
Explanation:
Which institution in India controls the monetary policy of Indian currency?
- Finance Commission
- The Finance Ministry of India
- The Reserve Bank of India
- None of the above
Explanation:
Which of the following is true in respect of Centre-State financial relations ?
- Amount given by Centre is the only source of income to States
- States can by-pass Centre while taking foreign loans
- States can not levy income tax
- States can claim 100 % share in excise duty on goods produced in the State
Explanation:
The equilibrium condition for money market is:
- demand for money should be equal to supply of money
- cash in hand should be equal to deposits in bank
- saving is equal to investment
- bank rate is equal to repo rate
Explanation:
Poverty is defined as:
- A monetary condition brought about by people's own laziness
- A monetary condition where people do not have enough to satisfy basic needs
- A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income
- All of the above
Explanation: