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

46 .Stagflation implies a case of:
A.  adverse balance of trade
B.  rising wages and employment
C.  recession plus inflation
D.  galloping inflation
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47 .Who is the originator of Green Revolution in India?
A.  None of these
B.  M.S. Swaminathan
C.  Garry Backer
D.  Norman E. Borlaug
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48 .Consider the following actions which the Government can take:
1. Devaluing the domestic currency.
2. Reduction in the export subsidy.
3. Adopting suitable policies which attract greater FDI and more funds from FIIs.
Which of the above action/actions can help in reducing the current account deficit?
A.  1 and 3
B.  2 and 3
C.  1 and 2
D.  3 only
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49 .Who among the following was the first Chairman of the Planning Commission?
A.  Dr. Rajendra Prasad
B.  J.B. Kripalani
C.  Pt. Jawahar Lal Nehru
D.  Sardar Vallabhbhai Patel
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50 .The rate of growth of the tertiary sector has been:
A.  lower than the overall rate of growth of the net domestic product
B.  same as the overall rate of growth of the net domestic product
C.  fluctuating when compared to growth of net domestic product
D.  higher than the overall rate of growth of the net domestic product
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51 .The Securities and Exchange Board of India has been set up to :
1. protect the interests of investors
2. to regulate the activities of brokers in the stock market
3. to ensure transparency in operation in the stock market.4. to encourage a healthy growth of the stock market Choose your answer from:

A.  1, 2 and 3
B.  1, 2, 3 and 4
C.  1 and 2
D.  1, 2 and 4
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52 .Among the causes of inflation can be listed:
1. slow growth in agricultural output
2. increasing non-development expenditure of Government
3. rapid population growth
4. rapid growth in costly imports

A.  1 and 4 only
B.  2 and 3
C.  1, 2, 3 and 4
D.  1 and 2
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53 .One of the main factors that led to rapid expansion of Indian exports is :
A.  diversification of exports
B.  imposition of import duties
C.  liberalisation of the economy
D.  recession in other countries
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54 .Under the Constitution, the power to raise and disburse public funds:
A.  has not been given to anyone
B.  has been given to the Finance Commission
C.  has been vested in Union Government
D.  has been divided between the Union and State Governments
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55 .In the context of Indian economy, consider the following statements:
1. The growth rate of GDP has - steadily increased in the last five years.
2. The growth rate in per capita income has steadily increased in the last five years.
Which of the statements given above is/are correct?
A.  2 only
B.  Both 1 and 2
C.  1 only
D.  Neither 1 nor 2
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56 .During which Plan did prices show a decline?
A.  Fifth
B.  Third
C.  First
D.  None of the above
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57 .In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India?
A.  Food processing
B.  Services sector
C.  Telecommunication
D.  Chemicals other than fertilizers
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58 .In which year was 'Rajiv Gandlii Grameen Vidyutikaran Yojana' launched?
A.  2004
B.  2005
C.  2007
D.  2006
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59 .Over the last few years:
1. the value of imports has increased at a faster rate as compared to exports
2. exports have fallen as compared to imports
3. both exports and imports have risen
4. the balance of trade has been favourable to India

A.  1, 3 and 4
B.  1, 2 and 3
C.  1
D.  1 and 3
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60 .After the initiation of economic reforms in 1991-92 the percentage share of:
A.  direct taxes decreased and that of indirect taxes increased in gross tax revenue
B.  Both direct and indirect taxes increased in gross tax revenue
C.  both direct and indirect taxes decreased in gross tax revenue
D.  direct taxes increased and that of indirect taxes decreased in gross tax revenue
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