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Indian Economy MCQs - General Knowledge Questions and Answers for UPSC Exam | Page-2

(11) Which one of the following is true regarding the Jawahar Rozgar Yojana (JRY)?
[A] It aims at creating one million jobs annually
[B] It was launched during the Prime Minister ship of Indira Gandhi
[C] Under the scheme 30% of the employment generated is reserved for woman
[D] The target group of JRY are the urban poor living below the poverty line

Comment

Answer: Option [C]
(12) The main reason for low growth rate in India, inspite of high rate of savings and capital formation is:
[A] high birth rate
[B] low level of foreign
[C] low capital output ratio
[D] high capital output ratio

Comment

Answer: Option [D]

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(13) In India, inflation is measured by the:
[A] National Income deflation
[B] Wholesale Price Index number
[C] Consumers Price Index for agricultural workers
[D] Consumers Price Index for urban non-manual workers

Comment

Answer: Option [B]
(14) The largest source of financing the public sector outlay of the Eighth Five Year Plan?
[A] deficit financing
[B] government borrowings
[C] balance from current revenue
[D] contribution of public enterprises

Comment

Answer: Option [A]
(15) Which one of the following is the objective of National Renewal Found?
[A] To develop the core sector of the economy
[B] To safeguard the interests of worker who may affected by technological upgradation of industry or closure of sick units
[C] For the development of infrastructure such as energy, transport communications and irrigation
[D] For human resource development such as full literacy, employment population control, housing and drinking water

Comment

Answer: Option [D]
(16) A rise in ‘SENSEX’ means:
[A] A rise in prices of shares of all companies registered with Bombay Stock Exchange
[B] A rise in prices of shares of all companies registered with National Stock Exchange
[C] An overall rise in prices of shares of group up companies registered with Bombay Stock Exchange
[D] A rise in prices of shares of all companies belonging to a group of of companies registered with Bombay stock Exchange

Comment

Answer: Option [C]
(17) Five Year Plan in India is finally approved by:
[A] Union Cabinet
[B] Planning Commission
[C] National Development council
[D] President on the advice of Prime Minister

Comment

Answer: Option [C]
(18) Which one of the following statements appropriately describes the “fiscal stimulus”?
[A] It is an intense affirmative action of the government to boost economic activity in the country.
[B] It is an extreme affirmative action by the government to pursue its policy of financial inclusion.
[C] It is government’s intensive action on financial institution to ensure disbursement of loans to agriculture and allied sectors to promote greater food production and contain food inflation.
[D] It is a massive investment by the government in manufacturing sector to ensure the supply of goods to meet the demand surge caused by rapid economic growth.

Comment

Answer: Option [A]
(19) Economic growth is usually coupled with
[A] Deflation
[B] Inflation
[C] Stagflation
[D] Hyperinflation

Comment

Answer: Option [B]
(20) Supply of money remaining the some when there is an increase in demand for money, there will be
[A] a fall in the level of prices
[B] a decrease in the rate of interest
[C] an increase in the rate of interest
[D] an increase in the level of income and employment

Comment

Answer: Option [B]

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