INDIAN ECONOMY MCQ'S FOR JKSSB
PANCHAYAT SECRETARY (VLW)
"NOTE : ANSWERS ARE HIGHLIGHTED IN GREEN"
1. The Indian economy should be developed on the socialistic pattern of society was enunciated, at which summit of the Indian National Congress?
AVADI SUMMIT
2. In which plan did the Indian economy managed to cross the barrier of Hindu rate of growth of 3-3.5%?
SEVENTH PLAN
3. How many Miniratnas Category-1 companies are there at present?
62
4. What is the punch line of the Twelfth Five Year Plan?
FASTER ,SUSTAINABLE, AND INCLUSIVE GROWTH
5. Who headed the Committee on Rail Safety?
Dr ANIL KAKODKAR
6. The CSO released the New Series of National Accounts with base year-instead of the base year 2004-05.
2011-2012
7. Which was the first insurance company in India?
ORIENTAL LIFE INSURANCE COMPANY
8. Which were the two Five Year Plans when the set target for the foodgrain production was achieved during the overall plan period?
FIRST & FIFTH
9. Which sector of the Indian economy is the second largest provider of the employment after agriculture?
SERVICE SECTOR
10. Which state accounts for 9/10th of the natural rubber production in the country?
KERALA
11. What is the rank of India in the recently released Human Development Report-2023?
132 TH
12. Who gave the first scientific estimates of National Income in India?
PROFESSOR VKRV RAO
13. When was the National Statistical Commission formed and who was the Chairman?
2005 , PROFESSOR SD TENDULKAR
14. Which country is the largest foreign direct investor in India after in 2015?
SINGAPORE
15. Which country is the smallest holder of the quotas in the International Monetary Fund at present?
TUVALU
16. What is the present rank of India in terms of voting share in the IMF?
8TH
17. What is the present number of member nations of the World Trade Organisation?
164
18. What is the alternate name of the Bombay Plan prepared by some industrialists in 1944?
PLAN OF ECONOMIC DEVELOPMENT FOR INDIA
19. When was the dual exchange system adopted in India? rate
1992
20. What is reverse repo rate and what is the present rate of repo?
3.35 % & 6.50 %
21. Which are the four connectivities enunciated under the PURA model of growth in India?
PHYSICAL, ELECTRONIC, KNOWLEDGE & ECONOMIC
22. Who is the present head of the Asian Development Bank and from where does he belong?
MASATSUGU ASAKAWA
23. The Durgapur Steel Plant was set-up in collaboration with which country?
UNITED KINGDOM
24. What was the rate of devaluation of rupee in June, 1966?
57.5%
25. Which plan did not set any target for crop production?
TENTH PLAN
26. The 'cafeteria approach' is associated with what?
FAMILY PLANNING
27. Which state registered the maximum growth rate in population according to the Census 2011?
BIHAR
28. In India, for how many days in a year a I worker should work to be called as a major worker or an employed person?
273
29. In which crop, India has the highest productivity in the world?
PULSES
30. What is the core element of 'evergreen revolution' which has been envisaged for the rejuvenation of agriculture in India?
SUSTAINABILITY
31. Who coined the term 'Green Revolution'?
WILLIAM S. GAUD
32. Which year of the Five Year Plans in India is referred to as "Second Green Revolution"?
11TH FIVE YEAR PLAN
33. With which is the Colin Clark thesis associated?
STRUCTURAL CHANGE IN ECONOMY
34. Rolling Plan was adopted in India, in which year?
1978
35. What is the percentage of tax proceeds which need to be shared with the States by the centre as per the recommendation of the 13th Finance Commission?
32.5%
36. Is Good and Services Tax (GST) a sales tax or Value Added Tax? (VAT)
BOTH
37. What is the main goal of the World Bank?
REDUCING POVERTY
38. In order to arrive at Gross National Product at factor cost from Gross National Product at market prices, what needs to be deducted?
NET INDIRECT TAX
39. Which concept among the various concepts of National Income is referred as Real National Income?
NNP AT FACTOR COST
40. Which Indian Bank has the maximum number of branches outside India?
STATE BANK OF INDIA
41. How many Zonal offices does Life Insurance Corporation (LIC) have at present?
8 ZONAL OFFICES
42. Who spearheaded the nationalisation of insurance industry in India and in which year?
CD DESHMUKH 1956
43. How many associate banks does SBI have at present?
FIVE ASSOCIATE BANKS
44. Who headed the committee on micro finance institutions reforms?
YH MALEGAM
45. Which industrial policy for the first time recognised the role of small-scale industry?
INDUSTRIAL POLICY
46. As per the MSME Act, 2006, what is the investment limit of the medium enterprises in the manufacturing sector?
₹ 5 CRORE
47. What are the essential components of inclusive growth?
POVERTY REDUCTION, AGRICULTURE, SOCIAL SECTOR DEVELOPMENT, REDUCTION IN REGIONAL DISPARITIES,AND PROTECTING ENVIRONMENT
48. How money multiplier is arrived at?
BROAD MONEY / RESERVE MONEY
49. Which measure of money supply in India is also called the narrow money?
M1 ie:(COINS AND NOTES + DEMAND DEPOSITS+ OTHER DEPOSITS WITH RBI)
50. Who was the first Governor of RBI?
SIR OSBORNE SMITH
51. Agriculture in India is associated, with which type of unemployment?
DISGUISED UNEMPLOYMENT
52. What is the present rate of saving and investment in India?
30.2 %
53. When was Banking Ombudsman Scheme implemented in India?
2006
54. Who gave the concept of Physical Quality of Life Index (PQLI)?
MORRIS D MORRIS
55. What is the rank of India in terms of Green House Gases (GHGs) emissions in absolute terms in the world?
3rd
56. The National Solar Mission has set the target of generating 20000 MW electricity through solar power, by which year?
2020
57. The National Manufacturing Policy, 2011 seeks to generate, how much additional employment by 2022?
100 MILLION
58. What does NIMZ stands for?
NATIONAL INVESTMENT AND MANUFACTURING ZONE
59. What is the decadal growth rate of population from 2001 to 2011?
17.64%
60. What is the present system, which is adopted by the RBI in the management of currency in India?
MINIMUM RESERVE SYSTEM
61. Who is the Vice-Chairman of newly form NITI Aayog?
Suman Bery
62. Where is IMF Headquarter Located.?
WASHINGTON DC
64. Where is world bank headquarter located?
WASHINGTON DC
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