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Test: Indian Economy - 1


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25 Questions MCQ Test Indian Economy (Prelims) by Shahid Ali | Test: Indian Economy - 1

Test: Indian Economy - 1 for UPSC 2022 is part of Indian Economy (Prelims) by Shahid Ali preparation. The Test: Indian Economy - 1 questions and answers have been prepared according to the UPSC exam syllabus.The Test: Indian Economy - 1 MCQs are made for UPSC 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Indian Economy - 1 below.
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Test: Indian Economy - 1 - Question 1

People belonging to what age group are eligible for training under TRYSEM scheme?

Detailed Solution for Test: Indian Economy - 1 - Question 1 The Scheme of TRYSEM- Training of Rural Youth for Self Employment, a facilitating component of Integrated Rural Development Programme(IRDP), aims at providing basic technical and entrepreneurial skills to the rural poor in the age group of 18 to 35 years to enable them to take up income generating activities.
Test: Indian Economy - 1 - Question 2

Which of the following plans aimed at the removal of poverty and attainment of self-reliance?

Detailed Solution for Test: Indian Economy - 1 - Question 2
 The Fifth Five Year Plan (1974-79):
This plan was prepared and launched by D.D. Dhar:
It mainly aimed at removal of poverty (Garibl Hatao) and attainment of self reliance. The aim was to bring larger sections of the poor masses above the poverty line by assuring minimum income of Rs. 40 per person per month calculated at 1972-73 prices. The plan was terminated in 1978 instead of (1979) when Janta Government came to power.
Test: Indian Economy - 1 - Question 3

When, for the first time, did the Prime Minister of India announce the 20-point Economic Programme?

Test: Indian Economy - 1 - Question 4

Which Indian state has the largest number of cotton textile mills?

Test: Indian Economy - 1 - Question 5

Who was the first administrator-statesman to attempt planning as a means for economic development?

Detailed Solution for Test: Indian Economy - 1 - Question 5
Planning is a part of the development of a country in which a plan is made with set goals for the upcoming year/years. 
M. Visvesvaraya was the first administrator-statesman who introduced the concept of planning in economic development of a country.
He believed that through planning, the workers felt motivated as it allows them to follow a certain target. 
M. Visvesvaraya was an Indian Civil Engineer and statesman.
Test: Indian Economy - 1 - Question 6

Which one of the following is a Rabi crop?

Detailed Solution for Test: Indian Economy - 1 - Question 6 A good rain in winter spoils the rabi crops but is good for kharif crops. The major rabi crop in India is wheat, followed by barley, mustard, sesame and peas. Peas are harvested early, as they are ready early: Indian markets are flooded with green peas from January to March, peaking in February.
Test: Indian Economy - 1 - Question 7

The Mumbai Stock Exchange was set up in

Test: Indian Economy - 1 - Question 8

Which one of the following was launched with the objective of helping the poor in rural areas to become self employed?

Test: Indian Economy - 1 - Question 9

Which of the following organizations looks after the credit needs of agriculture and rural development in India?

Test: Indian Economy - 1 - Question 10

In India which of the following taxes is levied by the state governments?

Test: Indian Economy - 1 - Question 11

Which industry employs the largest number of women in India?

Test: Indian Economy - 1 - Question 12

With which aspect of commerce are ‘Bulls and Bears’ associated?

Test: Indian Economy - 1 - Question 13

State Financial Corporations give assistance mainly to develop

Test: Indian Economy - 1 - Question 14

 In which of the following fields was the first co-operative movement in India initiated?

Test: Indian Economy - 1 - Question 15

Which of the following taxes is/are levied by the Union and collected and appropriated by the states?

Test: Indian Economy - 1 - Question 16

Which of the following deals with economic offences?

Test: Indian Economy - 1 - Question 17

In India, inflation is measured by

Detailed Solution for Test: Indian Economy - 1 - Question 17

Answer: a

Explanation: Inflation rates in India are usually quoted as changes in the Wholesale Price Index, for all commodities. Many developing countries use changes in the Consumer Price Index (CPI) as their central measure of inflation

 

Test: Indian Economy - 1 - Question 18

Which one of the following is more effective in controlling prices in the long run?

Test: Indian Economy - 1 - Question 19

Through open market operations, the RBI purchase and sell

Test: Indian Economy - 1 - Question 20

Through open market operations, the RBI purchase and sell

Test: Indian Economy - 1 - Question 21

The balance of payment comprises

Test: Indian Economy - 1 - Question 22

Bank rate means

Test: Indian Economy - 1 - Question 23

Which agency estimates the national income of India?

Test: Indian Economy - 1 - Question 24

Which of the following is not a direct tax?

Test: Indian Economy - 1 - Question 25

 In India, coins and subsidiary coins are issued by

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