June 3, 2019

Indian Economy GS(General Studies) for IAS Prelims/Mains Online Exams

1. Who was the first administrator-statesman to attempt planning as a means for economic development?
1. Sir CP Ramaswami Aiyyar
2. M Viswesvarayya
3. VT Krishnamachari
4. C Rajagopalachari

2. An economy is at the take off stage on its path to development when it
1. becomes stagnant
2. begins steady growth 
3. is liberalized
4. gets maximum foreign aid

3. Which of the following is the basic characteristic of Oligopoly?
1. a few sellers, one buyer
2. a few sellers, many buyers
3. a few sellers, a few buyers
4. many sellers, a few buyers

4. The aim of which of the Five Year Plans was to correct the disequilibrium in the economy?
1. First Five Year Plan
2. Second Five Year Plan
3. Third Five Year Plan
4. Fourth Five Year Plan

5. Which of the following Five Year Plans recognized human development as the core of all developmental efforts?
1. Eighth Five Year Plan
2. Seventh Five Year Plan
3. Fifth Five Year Plan
4. Third Five Year Plan

6. Which of the following plans aimed at improving the standard of living?
1. Third Plan 
2. Fourth Plan
3. Fifth Plan 
4. Sixth Plan

7. At which of the following places was the mining of coal started in 1774?
1. Chhindwara 
2. Dhanbad
3. Ranchi 
4. Raniganj

8. In which of the following years were the cocking coals and non-cocking coal mines in India nationalized?
1. 1971 and 1972 repetitively
2. 1972 and 1973 respectively
3. 1973 and 1974 respectively
4. 1970 and 1972 respectively

9. Which Indian state has the largest number of cotton textile mills?
1. Madhya Pradesh 
2. Maharashtra
3. Gujarat 
4. West Bengal

10. Minor ports like Kakinada, Machilipatnam, Bheemunipatnam and ishnapatnam are in which of the following states?
1. Tamil Nadu 
2. Andhra Pradesh
3. Maharashtra 
4. Karnataka

11. When, for the first time, did the Prime Minister of India announce the 20-point Economic Programme?
1. 1973 
2. 1974
3. 1975 
4. 1976

12. Which of the following plans aimed at the removal of poverty and attainment of self-reliance?
1. second plan 
2. third plan
3. fourth plan 
4. fifth plan

13. Census in India is being held regularly after every
1. 6 years 
2. 8 years
3. 10 years 
4. 12 years

14. People belonging to what age group are eligible for training under TRYSEM scheme?
1. 18-35 
2. 25-40
3. 18-50 
4. 18-25

15. According to the census in 2001, which city in India has the largest population?
1. Kolkatta 
2. Mumbai
3. Delhi
4. Chennai

16. In terms of geographical area India occupies what position in the world?
1. Five 
2. six
3. seven 
4. three

17. India does not share its boundary with which of the following countries?
1. China 
2. Taiwan
3. Burma 
4. Bhutan

18. Agriculture employs almost what percent of the Indian population?
1. 90 
2. 50 
3. 40 
4. 70

19. Which one of the following is a Kharif crop?
1. bajra 
2. wheat
3. mustard 
4. barley

20. Which one of the following is a rabi crop?
1. rice 
2. jowar
3. cotton 
4. peas

21. Which industry employs the largest number of women in India?
a. tea 
b. textile
c. jute 
d. coal

22. Which of the following is not a cash crop?
1. Jute 
2. groundnut
3. jowar 
4. sugarcane

23. An economy is at the 'take off' stage on its path to development when it
1. becomes stagnant
2. begins steady growth
3. is liberalized
4. gets maximum foreign aid

24. Which among the following treaties provided for a common currency for the me mber countries of European Community?
1. Brussels Treaty 
2. Geneva Convention
3. Maastricht Treaty
4. Treaty of Versailles

25. SEBI stands for
1.Science and Engineering Board of India
2.Securities and Exchange Board of India
3. Social Equity Bureau of India
4.Science and Educational Board of India

26. With which of the following lies the basic regulatory authority for mutual funds and stock markets?
1. Reserve bank of India
2. Government of India
3. SEBI 
4. Stock Exchanges

27. With which aspect of commerce are 'Bulls and Bears' associated?
1. Foreign Trade
2. Stock Exchange market
3. banking 
4. international finance

28. Which of the following is the basic characteristic of Oligopoly?
1. a few sellers, one buyer
2. a few sellers, many buyers
3. a few sellers, a few buyers
4. many sellers, few buyers

29. State Financial Corporations give assistance mainly to develop 
1. Small and medium scale industries
2. agricultural farms 
3. cotton industry
4. large scale industries

30. In which of the following fields was the first co-operative movement in India initiated?
1. Farming activities
2. consumer co-operation
3. agricultural marketing
4. Agricultural credit

31. Who is known as the 'Father of White Revolution'?
1. V Kurien
2. MS Swaminathan
3. JP Narayan 
4. Baba Amte

32. Who was the chief architect of Green Revolution that significantly improved the agricultural yield in the country?
1. MS Swaminathan
2. VR Krisha Aiyyar
3. V Kurien 
4. Jawaharlal Nehru

33. The Chota Nagpur Plateau famous for its mineral deposits is in
1. Uttar Pradesh
2. Jharkhand
3. Madhya Pradesh 
4. Bihar

34. The Mumbai Stock Exchange was set up in
1. 1875 
2. 1900
3. 1922 
4. 1947

35. What does the term NSDL stands for?
1. National Securities Development Limited
2.National Securities Depository Limited
3. National Safety Development Limited
4. Natural Safety Deployment Limited

36. Which one of the following was launched with the objective of helping the poor in rural areas to become self employed?
1. DPAP 
2. IRDP
3. TRYSEM 
4. DDP

37. In Indian economy, the principal means of transportation is
1. airways 
2. railways
3. waterways 
4. roadways

38. Which of the following organizations looks after the credit needs of agriculture and rural development in India?
1. FCI 
2. IDBI
3. NABARD 
4. ICAR

39. Which of the following estimates the National Income in India?
1. National Income Committee
2. Central Statistical Organization
3. Planning commission
4. Reserve Bank of India

40. In India which of the following taxes is levied by the state governments?
1. Excise duty on liquor
2. Capital gains tax 
3. Customs tax
4. corporation tax

41. Which of the following taxes is a progressive tax?
1. custom tax 
2. sales tax
3. income tax 
4. excise duty

42. In which year was the policy of population planning adopted by the government of India?
1. 1947 
2. 1956
3. 1952 
4. 1962

43. Which of the following taxes is/are levied by the Union and collected and appropriated by the states?
1. stamp duties 
2. passenger and good tax
3. estate duty 
4. taxes on newspapers

44. The terms TRIPS and TRIMS are related to 
1. NAFTA 
2. SAPTA
3. EFTA 
4. GATT

45. In which year was the new liberalized industrial policy announced in India?
1. 1989 
2. 1990
3. 1991 
4. 1992

46. During which Five Year Plan was the annual growth rate of National Income the lowest?
1. second plan 
2. third plan
3. fifth plan 
4. sixth plan

47. Chelliah Committee of 1992 deals with the overhauling of our
1. public sector undertakings
2. financial system 
3. tax system
4. patents and copyrights

48. Economic planning is an essential feature of
1. capitalist economy
2. socialist economy
3. mixed economy 
4. dual economy

49. Which among the following is an essential characteristic of mixed economy?
1. co-existence of small scale and large scale industries
2. co-existence of private and public sectors
3. assigning equal importance to both agriculture and heavy industries
4. co-existence of the rich and the poor

50. What is the value of goods and services produced in a country within a year called?
1. National income at factor cost
2. net national output
3. net national product at market prices
4. gross national product at market prices

51. Which of the following deals with economic offences?
1. COFEPOSA
2. TADA
3. MISA 
4. NSA

52. In India, inflation is measured by
1. wholesale price index number
2. consumer price index for urban nonmanual workers
3. consumer price index for agricultural workers
4. national income deflation

53. Which of the following programs meets the credit needs of poor women?
1. Mahila Samriddhi Yojna
2. Rashtriya Mahila Kosh
3. Indira Mahila Yojna
4. Mahila Samakhya Programme

54. National income is the
1. Net National Product at Market price
2. Net National product at factor coast
3. net domestic product at market price
4. net domestic product at factor cost

55. Which of the following programs aims at the promotion of savings among rural women?
1. Rashtriya Mahila Kosh
2. Indira Mahila Yojna
3. Mahila Samriddhi Yojna
4. Javhar Rozgar Yojna


ANSWERS :  

1. 2 2. 2 3. 2 4. 1 5. 1
6. 2 7. 4 8. 2 9. 2 10. 2
11. 3 12. 4 13. 3 14. 1 15. 2
16. 3 17. 2 18. 4 19. 1 20. 4
21. 1 22. 3 23. 2 24. 3 25. 2
26. 3 27. 2 28. 2 29. 1 30. 4
31. 1 32. 1 33. 2 34. 1 35. 2
36. 3 37. 2 38. 3 39. 2 40. 1
41. 3 42. 3 43. 1 44. 4 45. 3
46. 2 47. 3 48. 2 49. 2 50. 4
51. 1 52. 4 53. 2 54. 3 55. 3

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