Indian Economy

Q. Who is the author of the book Man and Economics?

A
Robert Mundel
B
Myron Scholes
C
Rudi Dornbusch
D
George Akerlof

Correct Answer

Robert Mundel

More Questions on Indian Economy

  • Q. Which state of India ranks first in milk production as per the data of the year 2009-10?
    A)Jharkhand
    B)Bihar
    C)Uttar Pradesh
    D)West Bengal
    Answer: Uttar Pradesh
  • Q. Which of the following is not a part of machinery that settles industrial disputes?
    A)Works Committee
    B)Wage Court
    C)Conciliation officers
    D)Board of Conciliation
    Answer: Wage Court
  • Q. In Global Hunger Index (GHI) India has been ranked at:
    A)102nd place among 117 developing countries
    B)105th place among 117 developing countries
    C)96th place among 119 developing countries
    D)109th place among 117 developing countries
    Answer: 102nd place among 117 developing countries
  • Q. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
    A)20 to 25 percent
    B)25 to 30 percent
    C)15 to 20 percent
    D)30 to 35 percent
    Answer: 20 to 25 percent
  • Q. Fiscal deficit in the Union Budget means
    A)net increase in Union Governments borrowings from the Reserve Bank of India
    B)the difference between current expenditure and current revenue
    C)the sum of budgetary deficit and net increase in internal and external borrowings
    D)the sum of monetized deficit and budgetary deficit
    Answer: the sum of budgetary deficit and net increase in internal and external borrowings
  • Q. The first wholly Indian Bank was set up in
    A)1894
    B)1794
    C)1896
    D)1902
    Answer: 1894
  • Q. The Ministry and programme Implementation – as an independent Ministry came into existence on :
    A)January 15, 1998
    B)October 15, 1999
    C)September 15, 1999
    D)June 15, 1999
    Answer: October 15, 1999
  • Q. The first multi–purpose river valley project of independent India is:
    A)Damodar
    B)Hirakud
    C)Bhakra-Nangal
    D)Nagarjunasagar
    Answer: Damodar
  • Q. During which five Year plan was phase of heavy industrialization initiated?
    A)First five year plan
    B)Second five year plan.
    C)Third five year plan
    D)Fourth five year plan
    Answer: Second five year plan.
  • Q. As per the Prime Minister’s Economic Advisory Council (PMEAC) Economic Outlook 2011-12, Indian economy is expected to expand by:
    A)8.0% in 2011-12
    B)8.2% in 2011-12
    C)8.5% in 2011-12
    D)7.8% in 2011-12
    Answer: 8.0% in 2011-12
  • Q. The largest producer of Coffee in the country is:
    A)Tamil Nadu
    B)Andhra Pradesh
    C)Kerala
    D)Karnataka
    Answer: Karnataka
  • Q. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
    A)will increase
    B)will neither increase nor decrease
    C)will decrease
    D)None of the above
    Answer: will neither increase nor decrease
  • Q. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
    A)1986
    B)1984
    C)1987
    D)1989
    Answer: 1987
  • Q. Paper currency first started in India in
    A)1542
    B)1861
    C)1601
    D)1880
    Answer: 1861
  • Q. The share of road transport in total transportation of the country is:
    A)70%
    B)75%
    C)60%
    D)80%
    Answer: 80%
  • Q. One of the reasons for India’s occupational structure remaining more or less the same over the years has been that
    A)productivity in agriculture has been high enough to induce people to stay with agriculture
    B)ceiling on land holdings have enabled more people to own land and hence their preference to stay wit
    C)investment pattern has been directed towards capital intensive industries
    D)people are largely unaware of the significance of transition from agriculture to industry for econom
    Answer: investment pattern has been directed towards capital intensive industries
  • Q. If the RBI adopted an expansionist open market operations policy, this means that it will
    A)sell securities in the open market
    B)buy securities from non-government holders
    C)offer commercial banks more credit in the open market
    D)openly announce to the market that it intends to expand credit
    Answer: offer commercial banks more credit in the open market
  • Q. Development expenditure of the Central government does not include
    A)expenditure on economic services
    B)expenditure on social and community services
    C)defence expenditure
    D)grant to states
    Answer: defence expenditure
  • Q. In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this? I=A large number of farmers are illiterate and know little about scientific agricultureII=Prices of primary products are lower than those of manufactured products III=Investment in agriculture has been low when compared to investment in industry
    A)I, II
    B)I, II, III
    C)I, III
    D)II, III
    Answer: I, II, III
  • Q. The Money Order system in India was introduced in the year :
    A)1880
    B)1999
    C)1882
    D)1904
    Answer: 1880

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