Test: Indian Economy - 1


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


Description
This mock test of Test: Indian Economy - 1 for UPSC helps you for every UPSC entrance exam. This contains 25 Multiple Choice Questions for UPSC Test: Indian Economy - 1 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Indian Economy - 1 quiz give you a good mix of easy questions and tough questions. UPSC students definitely take this Test: Indian Economy - 1 exercise for a better result in the exam. You can find other Test: Indian Economy - 1 extra questions, long questions & short questions for UPSC on EduRev as well by searching above.
QUESTION: 1

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

Solution: 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.
QUESTION: 2

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

Solution:
 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.
QUESTION: 3

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

Solution:
QUESTION: 4

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

Solution:
QUESTION: 5

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

Solution:
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.
QUESTION: 6

Which one of the following is a Rabi crop?

Solution: 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.
QUESTION: 7

The Mumbai Stock Exchange was set up in

Solution:
QUESTION: 8

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

Solution:
QUESTION: 9

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

Solution:
QUESTION: 10

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

Solution:
QUESTION: 11

Which industry employs the largest number of women in India?

Solution:
QUESTION: 12

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

Solution:
QUESTION: 13

State Financial Corporations give assistance mainly to develop

Solution:
QUESTION: 14

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

Solution:
QUESTION: 15

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

Solution:
QUESTION: 16

Which of the following deals with economic offences?

Solution:
QUESTION: 17

In India, inflation is measured by

Solution:

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

 

QUESTION: 18

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

Solution:
QUESTION: 19

Through open market operations, the RBI purchase and sell

Solution:
QUESTION: 20

Through open market operations, the RBI purchase and sell

Solution:
QUESTION: 21

The balance of payment comprises

Solution:
QUESTION: 22

Bank rate means

Solution:
QUESTION: 23

Which agency estimates the national income of India?

Solution:
QUESTION: 24

Which of the following is not a direct tax?

Solution:
QUESTION: 25

 In India, coins and subsidiary coins are issued by

Solution:

Related tests