Indian Economy CSAT Prelims MCQs - General Awareness Objective Questions and Answers for IAS/IPS Prelims

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

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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

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Answer: Option [D]

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

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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

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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

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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

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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

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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.

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