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Economics Questions and Answers for Competitive Exams | Indian Economy Quiz Set 26

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(1) The relevant age group for computation of child sex-ratio :
(1) 0 - 1 years
(2) 0 - 4 years
(3) 0 - 6 years
(4) 0 - 7 years
Answer: 0 - 6 years
(2) Which committee recommended abolition of tax rebates under Section 88 of the Income Tax Act ?
(1) Chellaiah Committee
(2) Kelkar Committee
(3) Shome Committee
(4) None of the above
Answer: Kelkar Committee

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(3) As per the UN Report on the convention between Poverty and Environment, which one of the following is incorrect :
(1) Natural calamities always hit the poor more severely.
(2) Poverty escalation leads to environmental degradation.
(3) Environmental degradation adversely affects livelihood.
(4) Environmental degradation reduces poverty
Answer: Environmental degradation reduces poverty
(4) Which of the following is not related to ‘empowerment of women’ ?
(1) Gender Development Index
(2) Gender Empowerment Measure
(3) Gender Budgeting
(4) Gender Discrimination
Answer: Gender Discrimination
(5) The Phenomenon of ‘demographic dividend’ of a country is related to :
(1) A sharp decline in the total population
(2) A decline in the Infant Mortality Rate
(3) An increase in the sex ratio
(4) An increase in the population in the working age group
Answer: An increase in the population in the working age group
(6) The agricultural census is done at which one of the following intervals ?
(1) Every year
(2) Once in three years
(3) Once in five years
(4) Once in ten years
Answer: Once in five years
(7) The 2015, Nobel Prize in Economics has been given to Angus Deaton for his work on :
(1) Consumption, Poverty and Welfare
(2) Population, Poverty and Development
(3) Consumption, Saving and Welfare
(4) Consumption, Human Development and Education
Answer: Consumption, Poverty and Welfare
(8) A tax is said to be buoyant if tax revenue is proportionally :
(1) More responsive to changes in output
(2) Less responsive to changes in output
(3) Equally responsive to changes in tax base
(4) Less responsive to changes in tax base
Answer: More responsive to changes in output
(9) Who was the Chairman of the high powered committee for measurement of poverty in 2013 ?
(1) Suresh Tendulkar
(2) C. Rangarajan
(3) D.T. Lakadawala
(4) Y.K. Alagh
Answer: C. Rangarajan
(10) Segmented labour markets imply :
(1) Labour discrimination.
(2) Labour paid wage less than MRP.
(3) MP theory of wage fails to determine market outcomes.
(4) Equality of wages of different types of labour.
Answer: Equality of wages of different types of labour.
(11) In India those farmers are called ‘Marginal Farmers’ who hold land upto :
(1) 1 hectare
(2) 2 hectares
(3) 3 hectares
(4) 4 hectares
Answer: 1 hectare
(12) If there is a balance of payments deficit then in a floating exchange rate system :
(1) the external value of the currency would tend to fall.
(2) the external value of the currency would tend to rise.
(3) the injections from trade are greater than the withdrawals.
(4) aggregate demand is increasing.
Answer: the external value of the currency would tend to fall.
(13) Devaluation, will improve the balance of payment deficit, if sum of elasticity of exports and imports of the devaluing country is :
(1) greater than unity
(2) less than one
(3) equal to zero
(4) negative
Answer: greater than unity
(14) Which among the following countries was the largest trading partner of India in 2013-14 ?
(1) UAE
(2) China
(3) USA
(4) Japan
Answer: China
(15) New Trade Policy 2015-20 has introduced a new scheme which is called :
(1) Merchandise Export from India Scheme
(2) Export from India Scheme
(3) Merchandise Trade from India Scheme
(4) Trade from India Scheme
Answer: Merchandise Export from India Scheme

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