INDIAN ECONOMY QUIZ 13 Leave a Comment / Indian Economy / By admin Table of Contents ToggleINDIAN ECONOMY QUIZ 13 INDIAN ECONOMY QUIZ 13 Welcome to your INDIAN ECONOMY QUIZ -13 Good luck for the Quiz!!! Name Email ID Contact No. 1. Assertion (A): Financial inclusion is desirable to help weaker sections of society in the country. Reason (R): Investment activity needs to be promoted to facilitate access to development benefits to masses. Codes: Both (A) and (R) are correct and (R) is not the correct explanation of (A). Both (A) and (R) are correct and (R) is the correct explanation of (A). (A) is not correct, but (R) is correct. (A) is correct, but (R) is not correct. None 2. Assertion (A): In the heydays of planning Amartya Sen advocated the adoption of capital intensive technique for Indian economy. Reason (R): India was a relatively labour abundant country. Both (A) and (R) are true and (R) is the explanation (A) is true but (R) is false. Both (A) and (R) are true but (R) is not the correct explanation. (A) is false but (R) is true. None 3. Assertion (A): Jharkhand, Chattisgarh, Orissa are poverty ridden states of India. Reason (R): These states are rich in mineral resources. (A) is false, but (R) is true. Both (A) and (R) are true and (R) is the explanation. Both (A) and (R) are true but (R) is not the correct explanation. (A) is true, but (R) is false. None 4. Competition Act, 2002: Prohibits such Mergers and Acquisitions as may adversely affect the competition within India. Does not apply to public sector enterprises. iii. Replaced the Monopoly and Restrictive Trade Practices Act, 1969. i only ii and iii only i and iii only i, ii and iii None 5. Match the following context: i ii iii iv iii iv ii i iv ii i iii ii i iii iv None 6. Assertion (A): Gold standard was finally given up after the Second World War. Reason (R): Countries had different rates of inflation. Codes: Both (A) and (R) are correct and (R) is the correct explanation of (A). is not correct Both (A) and (R) are correct and (R) is not correct explanation of (A). (A) is correct, but (R) is not correct. (A) is not correct, but (R) is correct. None 7. Match List-I with List-II i ii iii iv ii i iv iii iv ii iii i iii iv i ii None 8. Which of the following statements is/are correct regarding Gender Budgeting in India? It is an accounting exercise that demarcates a separate budget for women. To institutionalize gender budgeting, all central Ministries/Departments are required to set up Gender Budgeting Cells. iii. Ministry of Women and Child development is the nodal agency for gender budgeting in India. i only i and ii ii and iii only i, ii and iii None 9. Which of the following pair/s in respect of Scheme is/are correctly matched. Swadhar: addresses socioeconomic empowerment of all women. Saksham: addresses women livelihood. iii. Swayamsiddha: addresses women victims of trafficking. i and ii only ii only i and iii only None None 10. The rights recognized under the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006 are............... Right to hold and live in the forest land for habitation or for self-cultivation for livelihood. Right of ownership, access to collect, use and dispose of minor forest produce. iii. Right to protect, regenerate or conserve or manage any community forest resource. Right to convert forest villages into revenue villages. i, ii and iii only i and iii only ii and iv only i, ii, iii and iv None 11. Rearrange the origin of money in a sequential order: Cheque Metallic money iii. Commodity money Paper money Codes: iv, i, iii, ii i, iii, ii, iv iii, ii, iv, i \ii, iv, i, iii None 12. Which of the following statements is/are correct? 'Smart City Mission' is based on area based strategy, whereas, AMRUT adopts a project based approach. Under the Smart City Mission, cities will be selected through a 'City Challenge Competition. iii. AMRUT provides state governments the flexibility to design schemes. i only i and ii only ii and iii only i, ii and iii None 13. ................is/are not Capital account/s with reference to Balance of Payments (BOP), External Commercial Borrowings Portfolio Investment iii. Personal Income Non-Resident Deposits i, ii and iii only i, ii and iv only iii only i, ii, iii and iv None 14. Which of the following statements  is/are correct regarding Sarva Shiksha Abhiyan? It aims to bridge all gender and social category gaps at both primary and elementary level. It provides for establishment of early childhood care and education centers in schools. iii. It aims recruitment of 50% women teachers. The governing council of the scheme will be chaired by Minister of Human Resource and Development. i and iii only i, ii and iii only ii and iv only i, ii, iii and iv None 15. The advantages of Mid Day Meal scheme is/are……… Reducing drop-out rates in schools. Encouragement of children, belonging to disadvantaged sections, to attend school. iii. Nutritional support to children in drought affected areas during summer vacations. Enhanced employment opportunities for women. i, ii and iii only i, ii and iv only iii and iv only i, ii, iii and iv None 16. Match the following context: ii i iii iv iv iii i ii i iv ii iii iii i iv ii None 17. National Payment Corporation of India (NPCI)............ is an umbrella organization for all retail payments system in India. is the nodal body for Bharat Bill Payment System. iii. has launched Rupay, a new card payment system. i and iii only ii only ii and iii only i, ii and iii None 18. Which of the following is/are the reasons for unbalanced urbanization in India? Uncontrolled growth of population has made plans for public facilities ineffective. Real estate businesses are focusing on basic infrastructure for the public rather than building high-end luxury homes. Only i Only ii Both i and ii Neither i nor ii None 19. Pradhan Mantri Kaushal Vikas Yojana. Shall be implemented through Public-Private partnerships. Will be implemented through National Skill Development Corporation. i only ii only Both i and ii Neither i nor i None 20. Fiscal reform measures in India included Increasing Tax-GDP ratio Expenditure Management iii. Managing revenue deficit and fiscal deficit. Increasing liquidity in the economy Find the correct combination from the given codes: i, ii and iii are correct. i and iv are correct. ii, iii and iv are correct. ii and iii are correct. None 21. Universal Service Obligation Fund (USOF) .......... has been accorded statutory status under Indian Telegraph (Amendment) Act, 2003. Funds Bharat Net project. i only ii only Both i and ii Neither i nor ii None 22. Which of the following statements regarding the Essential Commodities Act, 1955 is/are not correct? Stockholding limits for commodities under the act are imposed by state governments and UTS. Stockholding of pulses is not regulated under the act. i only ii only Both i and ii Neither i nor ii None 23. Arrange these statements according to their implementation: Commission on agricultural costs and prices. The Foodgrains enquiry committee. iii. State trading of food grain. Food grain policy committee. Codes: i, ii, iii, iv ii, i, iv, iii iii, ii, i. iv iv, ii, iii, i None 24. Match the following: i ii iii iv ii i iv iii iv ii iii i iii iv i ii None 25. Assertion (A): Indian economy is on a higher growth trajectory in the Post-Reforms era. Reason (R): Trade is an engine of growth. (A) is true and (R) is false. Both (A) and (R) are true but (R) is not the explanation Both (A) and (R) are true and (R) is the explanation. Both (A) and (R) are true. None 26. Accredited Social Health Activist (ASHA) workers........ Are community health workers instituted by Ministry of Women and Child Development. Is mandatory that ASHA workers must be qualified up to 10 standard. iii. Are authorized to perform minor operations in case of emergency. i and iii only ii and iii only ii only None None 27. Which of the following statements is/are correct? While a debenture is an ownership capital, a share capital is the credit to the company, While interest is paid on debentures, dividend is paid on shares. i only ii only Both i and ii Neither i nor ii None 28. Sukanya Samriddhi Scheme ........ Has been launched as sub-scheme under Pradhanmantri Jan Dhan Yojana. Ensures to open account under the scheme in both commercial banks and post offices. iii. Does not allow for withdrawal from the account before the girl child has reached 18 years of age. i and ii only ii and iii only iii only None None 29. Which of the following statements is/are correct regarding 'Indira Gandhi Matritva Sahyog Yojana? It aims to provide cash assistance to pregnant women to meet their health and nutrition needs. It compensates for wage loss to mother during pregnancy and period of lactation. iii. All organized sector employees are excluded from the scheme. i and ii only ii and iii only iii only i, ii and iii None 30. Which of the following statements is/are correct regarding Monetary Transmission? It refers to the process by which a central bank's monetary policy decisions are passed on to the financial markets. Rising Non Performing Assets (NPAs) and higher returns on small savings schemes may hinder effective monetary transmission. iii. Lowering help of CRR and SLR requirements may ensure effective monetary transmission. i and iii only ii and iii only i and ii only i, ii and iii None Time's up Time is Up! 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