2956 + Mcqs in Economics Page 56 McqOptions

2751.	Match the important dates Dates Event I. 1934 set up a. Planning commission II. 1944 sets b. Interim government up the Planning Advisory Board III. 1946 in his c. M. Visvesvaryya, book Planned Economy of India, advocates the necessity of planning in the country much before Independence IV. 1950 d. Planning and Development Department set up under the chairmanship of A. Dalal
A.	I-a, II-b, III-c IV-d
B.	I-c, II-d, III-b, IV-a
C.	I-d, II-c, III-b, IV-a
D.	I-a, II-d, III-a, IV-b
Answer» C. I-d, II-c, III-b, IV-a

Discussion

2752.	Match the plans with the years Plan Year I. First Plan a. 1961-1966 II. Second Plan b. 1951-1956 III. Third Plan c. 1956-1961
A.	I-a, II-b, III-c
B.	I-b, II-c, III-a
C.	I-c, II-b, III-a
D.	I-a, II-c, III-b
Answer» C. I-c, II-b, III-a

Discussion

2753.	After the launch of New Economic Policy:
A.	both urban and rural poverty increased
B.	rural poverty increased initially but declined in 1993-94
C.	both rural & urban poverty decreased
D.	rural poverty increased but urban poverty declined
Answer» C. both rural & urban poverty decreased

Discussion

2754.	Human Poverty Index (HPI) measures the deprivation as a composite index of:
A.	longevity, nutrition and knowledge
B.	knowledge, basic needs and standard of living
C.	longevity, standard of living and sanitation
D.	longevity, knowledge, and standard of living
Answer» E.

Discussion

2755.	Use of energy requirements (calorie) as a measure of poverty in India was made for the first time by:
A.	Amartya Sen
B.	Dandekar and Rath
C.	Planning Commission
D.	T. N. Srinivasan
Answer» C. Planning Commission

Discussion

2756.	Regarding DigiLocker, sometimes seen in the news, which of the following statements is/are correct? [IAS Prelims 2016]1. It is a digital locker system offered by the Government under Digital India Programme.2. It allows you to access your e-documents irrespective of your physical location.Select the correct answer using the code given below.
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	neither 1 nor 2
Answer» D. neither 1 nor 2

Discussion

2757.	Pradhan Mantri MUDRA Yojana is aimed at [IAS Prelims 2016]
A.	bringing the small entrepreneurs into formal financial system
B.	providing loans to poor farmers for cultivating particular crops
C.	providing pensions to old and destitute persons
D.	funding the voluntary organizations involved in the promotion of skill development and employment generation
Answer» B. providing loans to poor farmers for cultivating particular crops

Discussion

2758.	With reference to 'Stand up India scheme', which of the following statement is/are correct? [IAS Prelims 2016]1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.2. It provides for refinance through SIDBI.Select the correct answer using the code given below.
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	neither 1 nor 2
Answer» D. neither 1 nor 2

Discussion

2759.	Consider the following statement regarding usual status 1. One year 2. Indefinite 3. One month 4. One week Usual status (US) unemployment is calculated with reference to a period of?
A.	1 only
B.	2 only
C.	3 only
D.	4 only
Answer» B. 2 only

Discussion

2760.	Whose objective is to facilitate credit support to poor women for this socio-economic upliftment.
A.	Rashtriya Mahila Kosh
B.	National Rural Health Mission
C.	Village Grain Bank Scheme
D.	Annapurna Scheme
Answer» B. National Rural Health Mission

Discussion

2761.	Consider the following statements 1. Since 1993-94, the benefit of Indira Awas Yojana is being provided even to those rural poor of non-schedule caste/schedule tribe who are living below the poverty line. 2. A minimum of 60% of funds is to be utilized for construction of houses for the SC/ST people. 3. From 1995-96, IAY benefits have been extended to widows or next to kin of defence personnel killed in action. 4. Benefits have also been extended to ex-servicemen and retired members of Para military forces as long as they fulfil the normal eligibility conditions of IAY. Which of the following is / are correct
A.	1 and 2
B.	3 and 4
C.	1 and 4
D.	1,2,3,4
Answer» E.

Discussion

2762.	Consider the following statement 1. The plan holiday was declared for three years as there was discontinuity in the planning process. 2. Plan period was from 1965-1968 Which among the following Statement is correct:
A.	1 only
B.	2 only
C.	1 and 2
D.	1 and 3
Answer» B. 2 only

Discussion

2763.	Consider the following statement 1. The major objective of first plan is to increase National Income by \[25%\] through rapid industrialisation. This plan was developed by Professor Mahalanobis. 2. The major objective of second plan is to stimulate balanced economic development while correcting imbalances caused by World War II and partition. The plan targeted the socio-economic development but the outcome was very poor. 3. The major objective of third plan is continued emphasis on basic industries together with an increased outlay of 35% in agriculture and applied sectors. Which among the following statement is correct:
A.	1 only
B.	2 only
C.	3 only
D.	3 and 2
Answer» D. 3 and 2

Discussion

2764.	The difference between Niti Aayog and Yojana Aayog is as follows: 1. In Niti Aayog there are 3 full time members while Yojana Aayog has 8 members. 2. NITI is a think-tank and does not have the power to impose policies while Yojana impose policies on states and tied allocation of funds with projects it approved. 3. NITI has power to allocate funds while Yojana Doesn?t. Which among the following statement is true?
A.	1 and 2
B.	1 and 3
C.	2 and 3
D.	1, 2 and 3
Answer» B. 1 and 3

Discussion

2765.	Which among the following is not correct with regard to Sampoorna Garmeena Rozgar Yojana? 1. The cash component of the programme is borne exclusively by the Central Government. 2. Food grains are provided free of costs to the States/Union Territories. Select the answer using the code given below:
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 Nor
Answer» C. Both 1 and 2

Discussion

2766.	Consider the following statements: 1. Indira Gandhi Matritva Sahyog Yojana (IGMSY) has been launched to improve the health and nutritior status of pregnant, lactating women and infants. 2. The scheme envisages Cash Incentives for the above beneficiaries 3. All Government Women Employees are beneficiaries of the IGMSY Which among the above statements is /' are correct?
A.	Only 1 & 2 are correct
B.	Only 2 & 3 are correct
C.	Only 1 is correct
D.	All are correct
Answer» B. Only 2 & 3 are correct

Discussion

2767.	Consider the following: 1. Low per capita income 2. Low rate of capital formation 3. Working force largely in the tertiary sector Which among the above is/ are the characters of an underdeveloped economy?
A.	1 & 2
B.	2 & 3
C.	1 & 3
D.	1, 2 & 3
Answer» B. 2 & 3

Discussion

2768.	Consider the following statements : (1) Indo-china war had hampered the proper progress and implementation of Fourth Five Year Plan in India. (2) In the Indian Economy, the plan Holiday took place during 1966 to 1969 Which of the statements given above is/are correct?
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	neither 1 nor 2
Answer» C. Both 1 and 2

Discussion

2769.	Consider the following statements : (1) The Ninth Five Year Plan was launched in the 50th year of India's independence. (2) For the first time in the Indian economy the GDP growth rate of the Ninth Five Year Plan was set at 7% Which of the statements given above is/are correct?
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	neither 1 nor 2
Answer» D. neither 1 nor 2

Discussion

2770.	Consider the following statements : (1) In the 11th Five Year Plan the growth rate of the export was always positive. (2) In the middle of the 11th Five Year Plan the import growth was negative due to external factors. Which of the statements given above is/are correct?
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	neither 1 nor 2
Answer» C. Both 1 and 2

Discussion

2771.	The national income of a country for a given period is equal to 1. total value of goods and services produced by the nationals 2. sum of total consumption and investment expenditure 3. sum of personal income of all individuals 4. money value of final goods and services produced Which of the following code is/are correct
A.	1 only
B.	2 only
C.	3 only
D.	4 only
Answer» E.

Discussion

2772.	Human Development Index comprises literacy rates, life expectancy at birth and 1. GDP per head in the US dollars. . 2. GDP per head at real purchasing power. 3. GNP in US dollars 4. National Income per head in US dollars. Which of the statement is correct
A.	1 only
B.	2 only
C.	3 only
D.	4 only
Answer» E.

Discussion

2773.	Role of the government in the economy is 1. Provision of public goods 2. Provision of merit goods 3. Poverty reduction Which among the following code is/are correct
A.	1 only
B.	2 only
C.	3 only
D.	1, 2 and 3
Answer» E.

Discussion

2774.	The Indian Economy is characterised by
A.	pre-dominance of agriculture
B.	low per capita income
C.	massive unemployment
D.	all of the above
Answer» E.

Discussion

2775.	If it will be true to classify India as
A.	a food-deficit economy
B.	a labour-surplus economy
C.	a trade-surplus economy
D.	a capital-surplus economy
Answer» C. a trade-surplus economy

Discussion

2776.	Consider the following statement: 1. Increase in annual private investment. 2. Increase in real national income. 3. Increase in real per capita income. 4. Increase in net annual investment. Which among the following is considered to be the best measure of an increase in a country's economic efficiency?
A.	1 only
B.	2 only
C.	3 only
D.	4 only
Answer» D. 4 only

Discussion

2777.	Which among the following sector of Indian Economy is maximum dependent on economic developments in advanced nations? 1. Manufacturing Sector 2. Agricultural Sector 3. Mining Sector 4. Services Sector Which statement is/are correct?
A.	1 only
B.	2 only
C.	3 only
D.	4 only
Answer» C. 3 only

Discussion

2778.	Consider the following statements: 1. The basic objective of the Viability Gap Funding Scheme is to promote PPP investment in Infrastructure 2. The Infrastructure Projects are funded up to 20% by the Central Government Which among the above code is / are correct?
A.	1 only
B.	2 only
C.	1 and 2
D.	Neither 1 nor 2
Answer» D. Neither 1 nor 2

Discussion

2779.	Consider the following Statement 1. The relationship between population growth and economic development can be explained by the Theory of Demographic Transition for contemporary developed nations. 2. The three stages of population growth are stable or slow population growth, population explosions, low birth rates and low death rates. Select the correct statement using the code given below:
A.	1 only
B.	2 only
C.	1 and 2
D.	Neither 1 nor 2
Answer» D. Neither 1 nor 2

Discussion

2780.	Consider the following statement 1. The immediate objective is to address the unmet needs for contraception, health care infrastructure and basic reproductive and child health care. 2. The medium-term objective is to bring the Total Fertility Rate (TFR) to replacement levels of 2.1 by 2010. 3. The long-term objective is to achieve a stable population by 2045, at a level consistent with the requirement of sustainable economic growth, social development and environmental protection. Which of the following statement is true for NPP objective?
A.	1 only
B.	2 only
C.	3 only
D.	1, 2 and 3
Answer» E.

Discussion

2781.	Which of the following are correct 1. These measures include a reduction in spending. 2. These measures include an increase in tax 3. These measures include reduction in budget deficit. Select the correct answer using the codes given below in regards to the austerity measures taken by a country going through adverse economy conditions:
A.	1 only
B.	2 only
C.	3 only
D.	1, 2 and 3
Answer» E.

Discussion

2782.	Consider the following systems was/were provided by the Government of India, Act 1935: 1. Separation of provincial budgets from the central budget for the first time. 2. Introduction of portfolio system in the Executive, 3. Establishment of a Federal public service commission. Which of the systems given above is correct:
A.	3 only
B.	2 only
C.	1 only
D.	1, 2 and 3
Answer» B. 2 only

Discussion

2783.	Which of the following is/are the functions of the National Development Council of India? 1. To prescribe guidelines for preparation of the national economic plan. 2. To review the working of the national economic plan from time to time. 3. To consider important questions of social and economic policy affecting national development Select the correct answer using the codes given below?
A.	1 only
B.	2 only
C.	3 only
D.	1, 2 and 3
Answer» E.

Discussion

2784.	Which of the following are the roles of government in the economy: 1. Provision of public goods 2. Provision of merit goods 3. Poverty reduction Select the correct answer using the codes given below:
A.	1 only
B.	2 only
C.	3 only
D.	1, 2 and 3
Answer» E.

Discussion

2785.	Consider the following statements about personal Income: 1. Personal income is that income which is actually obtained by nationals. 2. Personal Income = National income - undistributed profits of corporation - payments for social security provisions - corporate tax + government transfer payments + Business transfer payments + Net interest paid by government. Select the correct answer using the codes given below:
A.	1 only
B.	2 only
C.	1 and 2
D.	Neither 1 nor 2
Answer» D. Neither 1 nor 2

Discussion

2786.	Which among the following equation is correct1. GDP = GNP + X - M2. GNP = GDP + X - M3. GNP = GDP + NFIA4. NNP = GNP - Depreciation.Select the correct answer using the codes given below.
A.	1 and 2
B.	1, 2 and 3
C.	2, 3 and 4
D.	1, 3 and 4
Answer» D. 1, 3 and 4

Discussion

2787.	Arrange the following stages of population growth in chronological order 1. population explosions 2. low birth rates and low death rates 3. stable or slow population growth Select the correct answer using the codes given below.
A.	1, 2, 3
B.	3, 1, 2
C.	3, 2, 1
D.	1, 3, 2
Answer» C. 3, 2, 1

Discussion

2788.	Consider the following statements: 1. GDP is the total money value of all final goods and services produced within the geographical boundaries of the country during a given period of time. 2. GNP refers to the money value of total output or production of final goods and services produced by the nationals of a country during a given period of time Which among the above statements is / are correct?
A.	1 only
B.	2 only
C.	1 and 2
D.	Neither 1 nor 2
Answer» D. Neither 1 nor 2

Discussion

2789.	Which among the following is the full form of CAGR. 1. Compound Annual Growth Rate 2. Country Annual Growth Rate 3. Country Annual Growth Region 4. Compound Annual Growth Region Choose the correct answer using the codes given below:
A.	1 only
B.	2 only
C.	3 only
D.	4 only
Answer» B. 2 only

Discussion

2790.	The problem of overpopulation can be solved by 1. An effective employment policy, which can absorb the growing number of workers and promote economic growth. 2. An imaginative family planning programme to encourage families to adopt the small family norm.
A.	1 only
B.	2 only
C.	1 and 2
D.	Neither 1 nor 2
Answer» D. Neither 1 nor 2

Discussion

2791.	Consider the following statements about the population of India: 1. Due to the high rate population growth, it has not been possible to make a significant change in the poverty levels in India. 2. The higher population growth, the higher is the rate of growth of per capita income. 3. The rapid growth in population is eroding India?s considerable development gain and steadily diminishing its ability to provide a decent quality of life for a large number of its people. 4. Continuing rapid population growth in the long run is likely to mean a lower quality of life for millions of people.
A.	1 and 2
B.	1 and 3
C.	1 and 4
D.	3 and 4
Answer» C. 1 and 4

Discussion

2792.	Consider the following statements 1. National income measures the net value of goods and services produced in a country during a year. 2. India is the first country in the world which has officially sponsored family planning programmes 3. The National Commission on Population was constituted on May 11, 2010 Which of the statements given above is/are correct?
A.	1 only
B.	2 only
C.	3 only
D.	1 and 2
Answer» E.

Discussion

2793.	With reference to 'Economics' which statement is correct?1. Economics is an area where people, society and government prioritize their choices in the process of using the infrequent reserves to satisfy the various needs and wants of life.2. Economics is considered an exercise in the space- time continuum.3. Economics is considered an exercise in the time continuum.
A.	1 only
B.	1 and 2
C.	3 only
D.	1, 2 and 3
Answer» C. 3 only

Discussion

2794.	Which of the following occupations are included under secondary sector as per the national income accounts? 1. Manufacturing 2. Construction 3. Gas and water supply 4. Mining and quarrying Select the correct answer using the codes given below
A.	1, 2, 3 and 4
B.	1, 2 and 4
C.	1, 2 and 3
D.	3 and 4
Answer» D. 3 and 4

Discussion

2795.	Consider the following statements1. The current Economic Census is the seventh in the series so far conducted in India.2. The Economic Census in India is undertaken by the Department of Economic Affairs (Union Ministry of Finance).Which of the statements given above is/are correct?
A.	Only 1
B.	Only 2
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» E.

Discussion

2796.	Which of the following gives a correct picture of the share of various sectors in economic growth in India over the years? 1. Primary sector-stagnant 2. Secondary sector-increasing 3. Tertiary sector-decreasing
A.	1 and 2
B.	2 and 3
C.	2 only
D.	1 only
Answer» D. 1 only

Discussion

2797.	Consider the following statements: 1. Human Development Report is an authoritative annual publication brought out by the World Bank. 2. It measures longevity by life expectancy at birth. 3. Knowledge is measured by adult literacy rate. Standard of living is measured by GDP per capita (US PPP) Which of the following statements is not correct?
A.	1
B.	2
C.	3
D.	4
Answer» B. 2

Discussion

2798.	Estimation of national income in India are not accurate as there is: 1. illiteracy 2. non-monetised consumption 3. inflation 4. people holding multiple jobs
A.	1, 2, 3 and 4
B.	2 and 3
C.	1 and 4
D.	1, 2 and 4
Answer» E.

Discussion

2799.	Consider the following statements about the megacities of India: 1. Population of each megacity is more than 5 million. 2. All the megacities are important sea ports. 3. Megacities are either national or state capitals. Which of these statements are correct?
A.	1, 2 and 3
B.	1 and 2
C.	2 and 3
D.	1 and 3
Answer» E.

Discussion

2800.	Consider the following statements: 1. Infant mortality rate takes into account the death of infants within a month after birth. 2. Infant mortality rate is the number of infant deaths in a particular year per 100 live births during that year. Which of the above statements is/are correct?
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	neither 1 nor 2
Answer» E.

Discussion

Explore topic-wise MCQs in UPSC IAS Exam.

Match the plans with the years Plan Year I. First Plan a. 1961-1966 II. Second Plan b. 1951-1956 III. Third Plan c. 1956-1961

After the launch of New Economic Policy:

Human Poverty Index (HPI) measures the deprivation as a composite index of:

Use of energy requirements (calorie) as a measure of poverty in India was made for the first time by:

Pradhan Mantri MUDRA Yojana is aimed at [IAS Prelims 2016]

With reference to 'Stand up India scheme', which of the following statement is/are correct? [IAS Prelims 2016]1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.2. It provides for refinance through SIDBI.Select the correct answer using the code given below.

Consider the following statement regarding usual status 1. One year 2. Indefinite 3. One month 4. One week Usual status (US) unemployment is calculated with reference to a period of?

Whose objective is to facilitate credit support to poor women for this socio-economic upliftment.

Consider the following statement 1. The plan holiday was declared for three years as there was discontinuity in the planning process. 2. Plan period was from 1965-1968 Which among the following Statement is correct:

Which among the following is not correct with regard to Sampoorna Garmeena Rozgar Yojana? 1. The cash component of the programme is borne exclusively by the Central Government. 2. Food grains are provided free of costs to the States/Union Territories. Select the answer using the code given below:

Consider the following: 1. Low per capita income 2. Low rate of capital formation 3. Working force largely in the tertiary sector Which among the above is/ are the characters of an underdeveloped economy?

Consider the following statements : (1) Indo-china war had hampered the proper progress and implementation of Fourth Five Year Plan in India. (2) In the Indian Economy, the plan Holiday took place during 1966 to 1969 Which of the statements given above is/are correct?

Consider the following statements : (1) The Ninth Five Year Plan was launched in the 50th year of India's independence. (2) For the first time in the Indian economy the GDP growth rate of the Ninth Five Year Plan was set at 7% Which of the statements given above is/are correct?

Consider the following statements : (1) In the 11th Five Year Plan the growth rate of the export was always positive. (2) In the middle of the 11th Five Year Plan the import growth was negative due to external factors. Which of the statements given above is/are correct?

Human Development Index comprises literacy rates, life expectancy at birth and 1. GDP per head in the US dollars. . 2. GDP per head at real purchasing power. 3. GNP in US dollars 4. National Income per head in US dollars. Which of the statement is correct

Role of the government in the economy is 1. Provision of public goods 2. Provision of merit goods 3. Poverty reduction Which among the following code is/are correct

The Indian Economy is characterised by

If it will be true to classify India as

Which among the following sector of Indian Economy is maximum dependent on economic developments in advanced nations? 1. Manufacturing Sector 2. Agricultural Sector 3. Mining Sector 4. Services Sector Which statement is/are correct?

Consider the following statements: 1. The basic objective of the Viability Gap Funding Scheme is to promote PPP investment in Infrastructure 2. The Infrastructure Projects are funded up to 20% by the Central Government Which among the above code is / are correct?

Which of the following are the roles of government in the economy: 1. Provision of public goods 2. Provision of merit goods 3. Poverty reduction Select the correct answer using the codes given below:

Which among the following equation is correct1. GDP = GNP + X - M2. GNP = GDP + X - M3. GNP = GDP + NFIA4. NNP = GNP - Depreciation.Select the correct answer using the codes given below.

Arrange the following stages of population growth in chronological order 1. population explosions 2. low birth rates and low death rates 3. stable or slow population growth Select the correct answer using the codes given below.

Which among the following is the full form of CAGR. 1. Compound Annual Growth Rate 2. Country Annual Growth Rate 3. Country Annual Growth Region 4. Compound Annual Growth Region Choose the correct answer using the codes given below:

The problem of overpopulation can be solved by 1. An effective employment policy, which can absorb the growing number of workers and promote economic growth. 2. An imaginative family planning programme to encourage families to adopt the small family norm.

Which of the following occupations are included under secondary sector as per the national income accounts? 1. Manufacturing 2. Construction 3. Gas and water supply 4. Mining and quarrying Select the correct answer using the codes given below

Consider the following statements1. The current Economic Census is the seventh in the series so far conducted in India.2. The Economic Census in India is undertaken by the Department of Economic Affairs (Union Ministry of Finance).Which of the statements given above is/are correct?

Which of the following gives a correct picture of the share of various sectors in economic growth in India over the years? 1. Primary sector-stagnant 2. Secondary sector-increasing 3. Tertiary sector-decreasing

Estimation of national income in India are not accurate as there is: 1. illiteracy 2. non-monetised consumption 3. inflation 4. people holding multiple jobs

Consider the following statements about the megacities of India: 1. Population of each megacity is more than 5 million. 2. All the megacities are important sea ports. 3. Megacities are either national or state capitals. Which of these statements are correct?

Consider the following statements: 1. Infant mortality rate takes into account the death of infants within a month after birth. 2. Infant mortality rate is the number of infant deaths in a particular year per 100 live births during that year. Which of the above statements is/are correct?