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Indian Economy MCQs - General Knowledge Questions and Answers for UPSC Exam | Page-2

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Free download PDF of CSAT prelims general awareness multiple choice questions(MCQs) and answers on Indian Economy. These general awareness quiz objective questions answers include mcqs on fiscal stimulus, Jawahar Rozgar Yojana etc.
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(11) Which one of the following is true regarding the Jawahar Rozgar Yojana (JRY)?
[A] It aims at creating one million jobs annually
[B] It was launched during the Prime Minister ship of Indira Gandhi
[C] Under the scheme 30% of the employment generated is reserved for woman
[D] The target group of JRY are the urban poor living below the poverty line

Comment

Answer: Option [C]
(12) The main reason for low growth rate in India, inspite of high rate of savings and capital formation is:
[A] high birth rate
[B] low level of foreign
[C] low capital output ratio
[D] high capital output ratio

Comment

Answer: Option [D]

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(13) In India, inflation is measured by the:
[A] National Income deflation
[B] Wholesale Price Index number
[C] Consumers Price Index for agricultural workers
[D] Consumers Price Index for urban non-manual workers

Comment

Answer: Option [B]
(14) The largest source of financing the public sector outlay of the Eighth Five Year Plan?
[A] deficit financing
[B] government borrowings
[C] balance from current revenue
[D] contribution of public enterprises

Comment

Answer: Option [A]
(15) Which one of the following is the objective of National Renewal Found?
[A] To develop the core sector of the economy
[B] To safeguard the interests of worker who may affected by technological upgradation of industry or closure of sick units
[C] For the development of infrastructure such as energy, transport communications and irrigation
[D] For human resource development such as full literacy, employment population control, housing and drinking water

Comment

Answer: Option [D]
(16) A rise in ‘SENSEX’ means:
[A] A rise in prices of shares of all companies registered with Bombay Stock Exchange
[B] A rise in prices of shares of all companies registered with National Stock Exchange
[C] An overall rise in prices of shares of group up companies registered with Bombay Stock Exchange
[D] A rise in prices of shares of all companies belonging to a group of of companies registered with Bombay stock Exchange

Comment

Answer: Option [C]
(17) Five Year Plan in India is finally approved by:
[A] Union Cabinet
[B] Planning Commission
[C] National Development council
[D] President on the advice of Prime Minister

Comment

Answer: Option [C]
(18) Which one of the following statements appropriately describes the “fiscal stimulus”?
[A] It is an intense affirmative action of the government to boost economic activity in the country.
[B] It is an extreme affirmative action by the government to pursue its policy of financial inclusion.
[C] It is government’s intensive action on financial institution to ensure disbursement of loans to agriculture and allied sectors to promote greater food production and contain food inflation.
[D] It is a massive investment by the government in manufacturing sector to ensure the supply of goods to meet the demand surge caused by rapid economic growth.

Comment

Answer: Option [A]
(19) Economic growth is usually coupled with
[A] Deflation
[B] Inflation
[C] Stagflation
[D] Hyperinflation

Comment

Answer: Option [B]
(20) Supply of money remaining the some when there is an increase in demand for money, there will be
[A] a fall in the level of prices
[B] a decrease in the rate of interest
[C] an increase in the rate of interest
[D] an increase in the level of income and employment

Comment

Answer: Option [B]

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