Q. The policy of liberalisation was brought in place of ____ for the industries and trade.
a. Livelihood
b. Quotas
c. Licensing
d. Permits
Answer: Licensing
Q. The policy of privatisation was brought in place of____ for the industrialists.
a. Livelihood
b. Quotas
c. Licensing
d. Permits
Answer: Quotas
Q. The policy of____ was brought in place of permits for exports and imports.
a. Liberalisation
b. Privatisation
c. Licensing
d. Globalisation
Answer: Globalisation
Q. Need for NEP or economic reforms was felt owing to :
a. Rise in foreign exchange reserves
b. BoP Crises
c. High fiscal Deficit
d. Both b and c
Answer: Both b and c
Q. The process of involving the private sector in the ownership or operation of a state owned enterprise is known as
a. Liberalisation
b. Privatisation
c. Licensing
d. Globalisation
Answer: Privatisation
Q. Economic Reforms were based on the assumption that ____ would drive the economy towards the path of competitive growth and development.
a. Government
b. Market forces
c. Public
d. Foreign leaders
Answer: Market forces
Q. Economic reforms under liberalisation do not include:
a. Industrial sector reforms
b. Public sector reforms
c. Financial sector reforms
d. Fiscal sector reforms
Answer: Public sector reforms
Q. In which reforms Abolition of industrial licensing, contraction of public sector, are included?
a. Industrial sector reforms
b. Public sector reforms
c. Financial sector reforms
d. Fiscal sector reforms
Answer: Industrial Sector reforms
Q. Banking and non-banking financial institutions, stock exchange market, foreign exchange market are included in which reforms?
a. Industrial sector reforms
b. Public sector reforms
c. Financial sector reforms
d. Fiscal sector reforms
Answer: Financial sector reforms
Q. Who regulates and controls the Financial Sector in India?
a. Local banks
b. RBI
c. Public
d. Political parties
Answer: RBI
Q. Liberalisation implied a sustainable shift in the role of the RBI from ____ to____
a. a facilitator to a regulator
b. a regulator to a facilitator
c. a producer to a seller
d. a seller to a producer
Answer: A regulator to a facilitator
Q. Which of the following are the examples of Foreign Institutional Investors?
a. RBI
b. Merchant bankers
c. Mutual funds
d. Both b and c
Answer: Both b and c
Q. Fiscal policy refers to ____ policy of the government
a. Money
b. Revenue and expenditure
c. Capital investing
d. None of these
Answer: Revenue and Expenditure
Q. Principal components of fiscal reforms are :
a. Foreign exchange reforms
b. Foreign trade policy reforms
c. Tax reforms
d. None of these
Answer: Tax Reforms
Q. Example of direct taxes are
a. Income tax
b. GST
c. Wealth tax
d. Both a and c
Answer: Both a and c
Q. Foreign exchange reforms and foreign trade policy reforms are included in:
a. Industrial sector reforms
b. Financial sector reforms
c. Fiscal reforms
d. External sector reforms
Answer: External Sector Reforms
Q. Foreign exchange reforms were initiated in ____
a. 1989
b. 1990
c. 1991
d. 1992
Answer: 1991
Q. ____ implies Lowering the value of our currency in relation to other currencies of the world.
a. Depreciation
b. Depression
c. Devaluation
d. Revaluation
Answer: Devaluation
Q. Foreign trade policy underwent a sustainable change in the wake of ____
a. Liberalisation
b. Privatisation
c. Licensing
d. Globalisation
Answer: Liberalisation
Q. Which of the following is the example of indirect tax?
a. Income tax
b. Wealth tax
c. Goods and service tax
d. None of these
Answer: Goods and service tax
Q. Which generation reforms do not require any legislative action?
a. First
b. Second
c. Third
d. Fourth
Answer: First
Q. Which generation reforms require legislative action?
a. First
b. Second
c. Third
d. Fourth
Answer: Second
Q. Tariff barriers mainly refer to
a. Quota – barriers
b. Barriers on exports
c. Barriers on imports through high import duty
d. None of these
Answer: Barriers on imports through high import duty
Q. Privatisation implies supremacy of ____
a. Social interest over self interest
b. Self-interest over social interest
c. social issues over self-issues
d. Self-issues over social issues
Answer: Self-interest over social interest
Q. Diversification of production is promoted through
a. Liberalisation
b. Privatisation
c. Licensing
d. Globalisation
Answer: Privatisation
Q. Sources of human capital formation involve
a. Expenditure on education
b. Expenditure on health
c. Migration
d. All of these
Answer: All of these
Q. ____ is known as the ability to read and write.
a. Education
b. Human capital
c. Literacy
d. Human development
Answer: Literacy
Q. As per census 2011, the literacy rate in rural India is about
a. 72%
b. 45%
c. 69%
d. 56%
Answer: 69%
Q. What is the percentage of Female literacy in India?
a. 66%
b. 81%
c. 89%
d. 70%
Answer: 66%
Q. Migration of skilled manpower to developed countries of the world is known as
a. Migration
b. Human capital
c. Brain drain
d. Decentralization
Answer: Brain drain
Q. Merit of human capital formation includes
a. Improves technical knowledge
b. Enlarges the size of business
c. Increases cost of production
d. Changes social outlooks
Answer: Increases cost of production
Q. ____ is not an indicator of education level?
a. Years of schooling
b. Life expectancy
c. Teacher-pupil ratio
d. Enrollment rate
Answer: Life expectancy
Q. Expenditure per student in _______ education is higher than that of elementary.
a. Secondary
b. Primary
c. Tertiary
d. None of these
Answer: Tertiary
Q. _______ is the prime funding authority for university education.
a. LPG
b. UGL
c. UPSC
d. UGC
Answer: UGC
Q. India has the potential to become a leading _______ economy.
a. Capital based
b. Youth based
c. Knowledge-based
d. All of these
Answer: Knowledge-based
Q. Higher-income causes building of high level of ________ capital.
a. Physical
b. Human
c. Financial
d. None of these
Answer: Human
Q. Human capital considers education and health as a means to increase _________
a. Publicity
b. Population
c. Private powers
d. Productivity
Answer: Productivity
Q. Economic growth means ________ in real national income of a country
a. Increase
b. Decrease
c. No change
d. Zero
Answer: Increase
Q. ________ capital is completely mobile between countries.
a. Physical
b. Human
c. Financial
d. None of these
Answer: Physical
Q. _______ is the reason for the rural-urban migration in India.
a. Over population
b. Unemployment
c. Higher infant mortality rate
d. Childhood marriages
Answer: Unemployment
Q. Individuals invest in education with the objective of increasing their future ________
a. Friends
b. Income
c. Family
d. All of these
Answer: Income
Q. Human capital formation is a _______ process.
a. Physical
b. Social
c. Chemical
d. Long
Answer: Social
Q. Role of on-the-job training doesn’t include
a. Eradicates inequality
b. Encourages innovation
c. Promotes modern methods
d. Enhances productivity
Answer: Enhances productivity
Q. What was the average youth literacy rate in 2015?
a. 89.5 percent
b. 74 percent
c. 88 percent
d. 95.5 percent
Answer: 89.5 percent
Q. In which year Right to Education Act was enacted?
a. 2008
b. 2009
c. 2010
d. 2012
Answer: 2009
Q. What percent of GDP was invested in education in the year 1952?
a. 7.92 percent
b. 11.7 percent
c. 0.64 percent
d. 3.31 percent
Answer: 0.64 percent
Q. What was the share of education in total government expenditure in 2014?
a. 7.92 percent
b. 15.7 percent
c. 0.64 percent
d. 3.31 percent
Answer: 15.7 percent
Q. Which level of education takes a major share of total education expenditure in India?
a. Elementary
b. Secondary
c. Higher
d. Tertiary
Answer: Elementary
Q. Which of the following institute comes under the health sector?
a. NCERT
b. UGC
c. AICTE
d. ICMR
Answer: ICMR
Q. _____ five-year plan recognizes the importance of human capital?
a. Seventh
b. Sixth
c. Tenth
d. First
Answer: Seventh
Q. ______ capital is tangible and can be sold in the Market
a. Human
b. Physical
c. Service
d. None of these
Answer: Physical
Q. _____ organisation enforces the rules and regulations regarding technical education
a. NCERT
b. AICTE
c. ICMR
d. UGC
Answer: AICTE
Q. Institutions providing elementary education have increased up to ______ times
a. Four
b. Five
c. Six
d. Seven
Answer: Five
Q. Rural development means ____ for the social and economic growth of the rural areas.
a.Policy
b.Rule
c. Action – plan
d. None of these
Answer: Action – plan
Q. The action plan under rural development is to focus on :
a.More Improving the quality of life of Urbans
b.Lingering and emerging challenges in rural areas
c.Voting strategy in rural areas
d.None of these
Answer: Lingering and emerging challenges in rural areas
Q. The principal lingering challenge under rural areas is
a.The challenge of organic farming
b.Exploring options of sustainable livelihood
c.Challenge of rural credit
d.None of these
Answer: Challenge of rural credit
Q. The principal emerging challenges include
a.Challenge of rural marketing.
b.The challenge of organic farming
c.Exploring options of sustainable livelihood
d.Both b and c
Answer: Both b and c
Q. ____ is basically required for the purchase of inputs like seeds, fertilizer etc.
a.Short – term credit
b.Medium – term credit
c.Long- term credit
d.None of these
Answer: Short – term credit
Q. _____ loans are raised generally for a period ranging between 6 to 12 months.
a.Short – term credit
b.Medium – term credit
c.Long- term credit
d.None of these
Answer: Short – term credit
Q. ____ is required for the purchase of machinery, digging wells.
a.Short – term credit
b.Medium – term credit
c.Long- term credit
d.None of these
Answer: Medium – term credit
Q. _____ loans are raised generally for a period ranging between 12 months to 5 years.
a.Short – term credit
b.Medium – term credit
c.Long- term credit
d.None of these
Answer: Medium – term credit
Q. Long – term credit is required for :
a.Construction fences
b.Purchase of insecticides
c.Purchase of additional land
d.None of these
Answer: Purchase of additional land
Q. Long- term credit loans ranges between :
a.6 to 12 months
b.2 to 5 years
c.12 months to 5 years
d.5 to 20 years
Answer: 5 to 20 years
Q. The credit requirement of the farmers may also be classified into
a.Good and bad
b.Social and non-social
c.Productive and unproductive
d.Legal and illegal
Answer: Productive and unproductive
Q. The important sources of non – institutional rural credit in India include:
a.Government
b.The regional rural banks
c.Moneylenders
d.Commercial banks
Answer: Moneylenders
Q. The important sources of institutional rural credit in india include
a.Landlords
b.Commercial banks
c.Village traders
d.Moneylenders
Answer: Commercial banks
Q. _____ provide guidance in diverse agricultural operations with a view to raising crop productivity.
a.RRBs
b.NABARD
c.State bank of India
d.Cooperative credit societies
Answer: Cooperative Credit Societies
Q. The state bank of india was set up in ____ with a focus on rural credit.
a.1947
b.1950
c.1955
d.1959
Answer: 1955
Q. ____ were set – up to promote credit supplies, particularly in the remote rural areas and backward districts
a.Regional Rural Banks (RRBs)
b.NABARD
c.State bank of india
d.Cooperative credit societies
Answer: Regional Rural Banks (RRB)
Q. _____ structure of rural banking is called multi-agency system.
a.Organisational
b.Non – Institutional
c.Institutional
d.None of these
Answer: Institutional
Q. SHGs stands for
a.Self Honor Groups
b.Self Help Groups
c. Secondary Help Groups
d.Stand Helping Groups
Answer: Self Help Groups
Q. ____ promote thrift among rural households
a.KCC scheme
b.NABARD
c.SHGs
d.Cooperative credit societies
Answer: SHGs
Q. KCC scheme stands for :
a.Kisan Cash Card
b.Kisan Committee Card
c.Kisan Credit Card
d.None of these
Answer: Kisan Credit Card
Q. ____ aims at adequate and timely support to the farmers for their short- term credit needs
a.KCC scheme
b.NABARD
c.SHGs
d.Cooperative credit societies
Answer: KCC scheme
Q. ____ refers to a situation when the farmers are compelled to sell their produce immediately after the harvest, no matter how low the market price is.
a.Open sale
b.Cash sale
c.Distress sale
d.Credit sale
Answer: Distress sale
Q. ____ is an important step initiated by the government to improve agricultural marketing system.
a.KCC scheme
b.NABARD
c.SHGs
d.MSP policy
Answer: MSP Policy
Q. ____ refers to the re – allocation of some of farm’s productive resources into new activities or crops reduces market risk.
a.Agricultural activities
b.Agricultural diversification
c.Animal husbandry
d.Horticulture
Answer: Agricultural Diversification
Q. Operating flood is a system of ____ cooperative
a.Food
b.Milk
c.Agricultural product
d.None of these
Answer: Milk
Q. Operation flood system was launched in the year ____
a.1956
b.1966
c.1976
d.1986
Answer: 1966
Q. Milk cooperatives in India have their epicenter in the state of ____
a.Haryana
b.Gujarat
c.Punjab
d.Rajasthan
Answer: Gujarat
Q. Animal husbandry is also called as :
a.Horticulture
b.Organic farming
c.Livestock farming
d.Multi cropping
Answer: Livestock farming
Q. Important components of livestock in India are :
a.Poultry
b.Cattle
c.Goats/ sheep
d.All of these
Answer: All of these
Q. Principal problems related to livestock sector are :
a.Unhygienic environment
b.Deficient veterinary care
c.Deforestation
d.All of these
Answer: Deficient Veterinary Care
Q. Which one of the following is principal state in India where fisheries is an important source of livelihood in the rural areas?
a.Haryana
b.Kerala
c.Punjab
d.Madhya Pradesh
Answer: Kerala
Q. Which country is the second largest producer of fruits and vegetables in the world?
a.India
b.America
c.France
d.Italy
Answer: India
Q. ____ refers to a series of research, development and technology transfer initiatives that increased production of horticulture crops.
a.Green revolution
b.White revolution
c.Golden revolution
d.Blue revolution
Answer: Golden Revolution
Q. Which project was launched in Tamil Nadu with a view to training women in diverse techniques of farming.
a.NABARD
b.TANWA
c.TANWI
d.SHG
Answer: TANWA
Q. ____ is a system of farming that relies upon the use of organic inputs for cultivation.
a.Organic farming
b.Inorganic farming
c.Animal husbandry
d.Horticulture
Answer: Organic farming
Q. Which of the following is a notable advantage of organic farming, compared with conventional farming?
a.Environment – friendly
b.Sustains soil fertility
c.Healthier and tastier food
d.All of these
Answer: All of these
Q. Which of the following farming erodes fertility of soil
a.Organic
b.Inorganic
c.Conventional
d.Livestock
Answer: Conventional
Q. ____ has been accorded to the retail chains and supermarkets for selling organic food?
a.Eco Status
b.Sustainable Status
c.Nutritional Status
d.Green Status
Answer: Green Status
Q. What percentage of the inland sources contribute to the total fish production in India
a.64%
b.33%
c.50%
d.74%
Answer: 64%
Q. What is the name of the vegetable and fruit market in Andhra Pradesh?
a.Apni Mandi
b.Hadaspar Mandi
c.Rythu Bazars
d.Uzhavar Sandies
Answer: Rythu Bazars
Q. What was the growth rate of agricultural output during 2007-12?
a.6% per annum
b.32% per annum
c.5% per annum
d.5% per annum
Answer: 32% Per Annum
Q. The minimum requirements of a human include:
a.Food and shelter
b.Gold Jewellery
c.Salon
d.Kids toys
Answer: Food and shelter
Q. Two variants of poverty are
a.Relative poverty and Irrelative poverty
b.Absolute poverty and inabsolute poverty
c.Relative poverty and absolute poverty
d.None of these
Answer: Relative poverty and absolute poverty
Q. ____ poor include landless agricultural workers, managerial holders and tenants at will.
a.Rural
b.Urban
c.Chronic
d.Both a and b
Answer: Rural
Q. ____ poor include migrants from the rural areas in search of employment
a.Rural
b.Urban
c,Chronic
d.Both a and b
Answer: Urban
Q. What is the single most important reason of poverty in India?
a.Rising illiteracy rate
b.Rising population
c.Rising infant mortality rate
d.Rising unemployment rate
Answer: Rising population
Q. Poverty with reference to underdevelopment of the Indian economy includes factors like ____
a.Low level of national product
b.Unequal distribution of income
c.Lack of infrastructure
d.Both a and c
Answer: Both a and c
Q. ____ provides assistance to elderly people.
a.VAMBAY
b.NSAP
c.PMGY
d.PMRY
Answer: NSAP
Q. NFWP was launched in ____
a.November 2004
b.December 2003
c.November 2002
d.December 2005
Answer: November 2004
Q. Which state had the highest poverty rate in India?
a.Odisha
b.Bihar
c.Madhya Pradesh
d.Haryana
Answer: Odisha
Q. _____regularly moves in and out of poverty.
a.Chronically poor
b.Churning poor
c.Occasionally poor
d.Transient poor
Answer: Churning poor
Q. In which year was the task Force on Projections of Minimum Needs and Effective Consumption Demand formed?
a.1969
b.1979
c.1989
d.1999
Answer: 1979
Q. Which of the following is the poverty determination measure?
a.Head Count Ratio
b.Sen Index
c.Poverty Gap Index
d.All of these
Answer: All of these
Q. What was the percentage of the population below the poverty line in India in 2011-12?
a.1%
b.3%
c.22%
d.32%
Answer: 22%
Q. More than _______ of the world’s poor live in India.