Economics Questions and Answers for Competitive Exams | Indian Economy Quiz Set 31

Questions
1 Who among the following economists is not associated with the Dependency Theory ?
1 S. Amin
2 P. Baron
3 Raul Prebisch
4 A. G. Frank

Answer:Raul Prebisch
2 Which one of the following is not a feature of neoclassical economics ?
1 Flexible wages and interest rates
2 Capital in physical and financial form
3 Perfect Competetion
4 Neutrality of money

Answer:Capital in physical and financial form

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3 Renewed focus to control increasing population is required from the viewpoint of women because :
1 Family planning programme needs to be reoriented keeping in view the reproductive health rights of women.
2 Increased budget needed to provide quality services to women.
3 Increased number of women councellers needed for health and youth friendly services.
4 All of the above.

Answer:All of the above.
4 Justice in taxation is best ensured by applying the principle of :
1 Equal marginal sacrifice
2 Equal proportional sacrifice
3 Equal absolute sacrifice
4 None of the above.

Answer:Equal marginal sacrifice
5 All the funds which belong to Government go to :
1 Public Accounts
2 Consolidated fund
3 Contigency fund
4 Revenue Account

Answer:Consolidated fund
6 During the period 2004 and 2013, India’s share in global exports increased from :
1 0.8 percent to 1.7 percent
2 1.0 percent to 2.5 percent
3 1.0 percent to 1.5 percent
4 1.2 percent to 2.1 percent

Answer: 0.8 percent to 1.7 percent
7 ‘Gender budgeting’ means :
1 a seperate budget for women
2 a tool for gender empowerment
3 a tool for gender discrimination
4 a seperate budget for men and women.

Answer: a tool for gender empowerment
8 Which sector in India has developed breaking the Colin Clark sequence of development ?
1 Export Sector
2 Primary Sector
3 Secondary Sector
4 Service Sector

Answer:Service Sector
9 An over-valued currency will have which of the following effects :
1 Make exports and imports equally costly
2 Make exports and imports equally cheaper
3 Make imports relatively more costly
4 Make imports relatively cheaper.

Answer:Make imports relatively cheaper.
10 Productivity changes in domestic export industry are incorporated in which types of terms of trade ?
1 Income terms of trade
2 Single factoral terms of trade
3 Gross barter terms of trade
4 None of the above.

Answer:Single factoral terms of trade
11 The proposed GST bill will subsume :
1 Entertainment tax
2 Value-added tax
3 Union excise duty
4 All of the above

Answer: All of the above
12 Select the pair of economists, who first gave the canons of taxation and public expenditure :
1 R. N. Bhargav and R. A. Musgrave
2 Adam Smith and Findlay Shirras
3 A. C. Pigou and David Ricardo
4 A. R. Prest and Ursula K Hicks

Answer:Adam Smith and Findlay Shirras
13 Reference period for the Neonatal Mortality Rate in India is :
1 Three months after birth
2 One month after birth
3 28 days after birth
4 None of the above.

Answer:28 days after birth
14 Recently launched “Indradhanush” programme is related with :
1 Production of medicines
2 Vaccination against fatal diseases
3 Multivocational training for adolscent girls.
4 None of the above.

Answer:Vaccination against fatal diseases
15 Which among the following items has the largest value of exports in India during 2013-15 ? Who suggested to Government of India to introduce expenditure tax ?
1 N. Kalder
2 J. R. Hicks
3 B Hanson
4 Ursula Hicks

Answer:N. Kalder

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