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Economics Questions and Answers for Competitive Exams | Indian Economy Quiz Set 31

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Free Download as PDF Economics Quiz Questions and Answers for Competitive Exams or solved MCQs with answers. These quiz objective questions are helpful for competitive exams SSC, UPSC, IAS, IPS, CDS, NDA, Railways or RRB, psc exams of Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttar Pradesh, West Bengal, Chhattisgarh, Uttarakhand, Jharkhand, Telangana etc.
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(1) Who among the following economists is not associated with the Dependency Theory ?
(1) S. Amin
(2) P. Baron
(3) Raul Prebisch
(4) A. G. Frank
Answer: Raul Prebisch
(2) Which one of the following is not a feature of neoclassical economics ?
(1) Flexible wages and interest rates
(2) Capital in physical and financial form
(3) Perfect Competetion
(4) Neutrality of money
Answer: Capital in physical and financial form

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(3) Renewed focus to control increasing population is required from the viewpoint of women because :
(1) Family planning programme needs to be reoriented keeping in view the reproductive health rights of women.
(2) Increased budget needed to provide quality services to women.
(3) Increased number of women councellers needed for health and youth friendly services.
(4) All of the above.
Answer: All of the above.
(4) Justice in taxation is best ensured by applying the principle of :
(1) Equal marginal sacrifice
(2) Equal proportional sacrifice
(3) Equal absolute sacrifice
(4) None of the above.
Answer: Equal marginal sacrifice
(5) All the funds which belong to Government go to :
(1) Public Accounts
(2) Consolidated fund
(3) Contigency fund
(4) Revenue Account
Answer: Consolidated fund
(6) During the period 2004 and 2013, India’s share in global exports increased from :
(1) 0.8 percent to 1.7 percent
(2) 1.0 percent to 2.5 percent
(3) 1.0 percent to 1.5 percent
(4) 1.2 percent to 2.1 percent
Answer: 0.8 percent to 1.7 percent
(7) ‘Gender budgeting’ means :
(1) a seperate budget for women
(2) a tool for gender empowerment
(3) a tool for gender discrimination
(4) a seperate budget for men and women.
Answer: a tool for gender empowerment
(8) Which sector in India has developed breaking the Colin Clark sequence of development ?
(1) Export Sector
(2) Primary Sector
(3) Secondary Sector
(4) Service Sector
Answer: Service Sector
(9) An over-valued currency will have which of the following effects :
(1) Make exports and imports equally costly
(2) Make exports and imports equally cheaper
(3) Make imports relatively more costly
(4) Make imports relatively cheaper.
Answer: Make imports relatively cheaper.
(10) Productivity changes in domestic export industry are incorporated in which types of terms of trade ?
(1) Income terms of trade
(2) Single factoral terms of trade
(3) Gross barter terms of trade
(4) None of the above.
Answer: Single factoral terms of trade
(11) The proposed GST bill will subsume :
(1) Entertainment tax
(2) Value-added tax
(3) Union excise duty
(4) All of the above
Answer: All of the above
(12) Select the pair of economists, who first gave the canons of taxation and public expenditure :
(1) R. N. Bhargav and R. A. Musgrave
(2) Adam Smith and Findlay Shirras
(3) A. C. Pigou and David Ricardo
(4) A. R. Prest and Ursula K Hicks
Answer: Adam Smith and Findlay Shirras
(13) Reference period for the Neonatal Mortality Rate in India is :
(1) Three months after birth
(2) One month after birth
(3) 28 days after birth
(4) None of the above.
Answer: 28 days after birth
(14) Recently launched “Indradhanush” programme is related with :
(1) Production of medicines
(2) Vaccination against fatal diseases
(3) Multivocational training for adolscent girls.
(4) None of the above.
Answer: Vaccination against fatal diseases
(15) Which among the following items has the largest value of exports in India during 2013-15 ? Who suggested to Government of India to introduce expenditure tax ?
(1) N. Kalder
(2) J. R. Hicks
(3) B Hanson
(4) Ursula Hicks
Answer: N. Kalder

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