Indian Economics - Useful GK Quiz Questions and Answers

Indian Economics GK Quiz Questions
1. Child sex ratio in the age group 0-6 years as per provisional Census 2011 report is–
(A) 921 (B) 925
(C) 914 (D) 920
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2. Consider the following statements–
1. Indian Railways is the second largest rail network in the world under a single management.
2. In Indian Railways, about 50% of the total track km has been electrified.
Which of the above statements is/are correct?
(A) 1 only (B) 2 only
(C) Both 1 and 2 (D) Neither 1 nor 2
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3. An ‘Innovation fund’ of Rs. 5,000 crore has been planned by the government with an aim to–
(A) promote research and development in defence sector.
(B) promote new talents and their innovation tendencies.
(C) finance the promotional activities to attract foreign direct investment.
(D) promote the development of new generation satellites.
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4. With reference to Manufacturing consider the following statements–
1. Manufacturing occupies an unusually large weight (65 percent), relative to its share in national output.
2. It has an exaggerated bearing on inflation measurement in India.
Which of the above statements is/are correct?
(A) 1 only (B) 2 only
(C) Both 1 and 2 (D) Neither 1 nor 2
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5. With reference to growth in Indian economy which of the following statements is/are correct?
1. The long-term growth rate of the agriculture sector over the last 60 years has been 2.7 percent.
2. Industrial sector registered a higher growth rate than the services sector ever since Independence.
3. Services sector accounts for highest share of sectoral composition of GDP followed by Industry and Agriculture.
(A) 1 and 3 (B) 2 and 3
(C) 1 and 2 (D) All of these
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6. Scheduled Commercial Banks are allowed to borrow at their own discretion using–
(A) Net demand and time liabilities (B) Marginal standing facility
(C) Open market operation (D) None of these
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7. Which of the following does not mainly consist of Portfolio Investment?
(A) FII investment (B) American depository receipts (ADRs)
(C) Global depository receipts (GDRs) (D) None of these
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8. Which of the following does not contribute to sustainable development?
(A) Improvement of economic well being with social justice.
(B) Restrained use of, natural resources.
(C) Protection of interests of future generations.
(D) None of these
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9. Which Committee set up by RBI has the mandate to study issues and concerns in the micro-finance sector?
(A) Y. H. Malegam Committee (B) J. J. Irani Committee
(C) Mashelkar Committee (D) None of these
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10. A state of economy where aggregate demand is greater than the total supply of goods and services is called–
(A) Repressed-inflation (B) Reflation
(C) Deflation (D) Demand pull-inflation
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11. Which of the following-forms a major innovation of National Rural Health Mission?
(A) Creation of a cadre of Accredited Social Health Activists (ASHA).
(B) Improvised hospital care.
(C) Decentralisation at district level arid effective utilisation of resources through NGOs and community.
(D) All of these
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12. Which of the following forms an important component of the foreign exchange reserves of the country?
(A) Foreign exchange assets of RBI (B) Gold reserves of RBI
(C) SDR holdings of the Government (D) All of these
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13. According to World Bank’s “Global Development Finance, 2012” report, India is the fifth most indebted country, after China, the Russian Federation, Brazil and–
(A) Turkey (B) Indonesia
(C) United States of America (D) Greece
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14. Portfolio Investment consists of the following–
1. Foreign direct investment 2. Foreign institutional investment
3. American depository receipts 4. Global depository receipts
Select the correct code–
(A) 1 and 2 only (B) 2, 3 and 4
(C) 1 and 4 (D) 1, 2 and 3
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15. In which group of crops, growth rate in yield levels appears to have plateaued over the last few years?
(A) Rice and Wheat (B) Pulses and Mustard
(C) Sugarcane and Oilseeds (D) Coarse cereals and plantation crop
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16. Which of the following forms part of National Manufacturing Policy?
1. Provision for National Investment and Manufacturing Zones (NIMZs).
2. Create appropriate skill sets among the rural migrant and urban poor for their easy absorption in manufacturing.
3. Enable manufacturing to contribute at least 25% of GDP by 2022.
(A) 1 only (B) 2 only
(C) 1 and 2 (D) All of these
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17. Consider the following statements with regard to Environmental Performance Index–
1. India’s Environmental Performance Index rank is 122 out of 132 countries.
2. India’s performance is better on protection of its forests and fisheries.
(A) 1 only (B) 2 only
(C) Both 1 and 2 (D) Neither 1 nor 2
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18. Which of the following States has formed ‘Innovation Council’ based on the lines of National Innovation Council?
(A) Bihar (B) Haryana
(C) Karnataka (D) West Bengal
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19. ‘Stagflation’ indicates–
(A) Inflation with growth (B) Deflation with growth
(C) Inflation with depression (D) Inflation with stagnation
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20. Which group of labour comes under the provision of Aam Admi Yojana?
(A) All labour in rural areas
(B) Only labour of urban region
(C) All landless labour living below poverty line in rural areas
(D) None of these
See Answer:

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