Indian Economy previous years question MCQ UPSC / SSC / competitive exams

Find (Indian Economy) Economics previous years asked question MCQ   UPSC / SSC / competitive exams  Online Practice Questions And Answers quiz

511 .Consider the following statements:
1. life Insurance Corporation of India is the oldest insurance company in India.
2. National Insurance Company limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India.
3. Headquarters of United India Insurance Company limited are located at Chennai.
Which of the statements given above are correct?
A.  1 and 3, only
B.  1 and 2, only
C.  2 and 3, only
D.  1, 2 and 3
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512 .With reference to Indian economy, consider the following statements:
1. The Gross Domestic Product (GDP) has increased by four times in the last 10 years.
2. The percentage share of Public Sector in GDP has declined in the last 10 years.
Which of the statements given above is/are correct?
A.  1 only
B.  Both 1 and 2
C.  2 only
D.  Neither 1 nor 2
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513 .The oldest stock exchange of India is :
A.  Bombay Stock Exchange
B.  Hyderabad Stock Exchange
C.  Bangalore Stock Exchange
D.  Ahmedabad Stock Exchange
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514 .What is the current account of balance of payments?
A.  It is the account showing transactions like net external assistance, NRI deposits, etc.
B.  It is the account showing transactions in invisible account like tourism, shipping, insurance etc.
C.  It is the account showing trade balance plus invisible balance
D.  It is the account showing difference of total exports and imports in one year
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515 .Which of the statements given below is/are correct?
1. Food for Work Programme was launched in India during the 10th Five Year Plan.
2. The Planning Commission in India is a constitutional body.

A.  Both 1 and 2
B.  Neither 1 nor 2
C.  1 only
D.  2 only
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516 .Economic growth is usually coupled with
A.  stagflation
B.  hyperinflation
C.  deflation
D.  inflation
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517 .Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India ?
A.  Services-Industry-Agriculture
B.  Services-Agriculture-Industry
C.  Industry-Agriculture-Services
D.  Industry-Services-Agriculture
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518 .Which of the following combinations is correct?
A.  NABARD-Industrial Loans
B.  RRB-Agricultural finance
C.  RBI-Long term finance
D.  IDBI-Short term loans
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519 .Which one among the following is not a clause of World Trade Organization?
A.  Providing financial support to the countries having deficit balance of payments
B.  Most favoured nation. treatment
C.  Discouraging unfair trade practices such as antidumping and export subsidies
D.  Lowering trade barriers with negotiations
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520 .In India, the concepts ofminimum heeds anddirected anti-poverty programmes were the innovations of: "
A.  Sixth Five-year Plan
B.  Seventh Five-year Plan
C.  Fourth Five-year Plan
D.  Fifth Five-year Plan
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521 .Inflationary Gap is a situation characterized by:
A.  excess of Aggregate Demand over Aggregate Supply at the full employment level
B.  Inflation coupled with recession
C.  gap between Galloping Inflation and Runaway Inflation
D.  Inflation that usually prevails in a developing country
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522 .With reference to BRIC countries, consider the following statements:
1. At present, China's GDP is more than the combined GDP of all the three other countries.
2. China's population is more than the combined population of any two other countries.
Which of the statements given above is/are correct?

A.  Both 1 and 2
B.  2 only
C.  1 only
D.  Neither 1 nor 2
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523 .Low productivity of agriculture in India is not caused by:
A.  inadequate availability of inputs
B.  poor finance facilities
C.  subdivision of land holdings
D.  less area under cultivation
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524 .What is the main objective of Antyodaya programme?
A.  Uplift the urban poor
B.  Uplift the landless labour
C.  Uplift the farmer
D.  Uplift the poor
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525 .Participatory Notes (PNs) are associated with which one of the following?
A.  United Nations Development Programme
B.  Foreign Institutional Investors
C.  Consolidated Fund of India
D.  Kyoto Protocol
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