ECONOMICS MCQS SET 03

ECONOMICS MCQS SET 03

1. Consider the following Statements:
Assertion (A): According to the New Economic policy Globalisation is considered as an instrument of growth. Reason (R): Globalisation increases the cost of transport and communication. Which is the correct answer?
(A) A is correct but R is wrong.
(B) A is wrong but R is correct.
(C) Both A and R are wrong
(D) A and R are correct and R is not the correct explanation of A
 

2. The special Economic Zones Act was enacted in Feb.2006. Identify which is not the objective of the SEZ?
(A) Generation of additional economic activity.
(B) Promotion of import.
(C) Creation of employment opportunities.
(D) Development of infrastructures facilities
 

3. Consider the statements and Reason, choose the correct answer from the codes given below:
Assertion (A): The Ratnakar Bank is referred to as NH4 Bank in the banking circles. Reason (R): Majority of the business of the Bank comes from cities in and around NH4, which connects 10 popular cities.
(A) Both A and R are correct. R is the correct explanation of A.
(B) A is true R is a false.
(C) A is true; R is not the correct explanation of A.
(D) Both A and R are false.
 

4. In India the electricity consumption is given importance to the following sector order it according to the importance given by the government.
(A) Industry, agriculture, railway traction and public lighting.
(B) Agriculture, industry, public lighting and railway traction.
(C) Agriculture, public lighting, industry and railway traction.
(D) Industry, agriculture, public lighting and railway traction
 

5. What is the literacy rate of female population in India in the year 2011?
(A) 65.5 percent 

(B) 75.3 percent 

(C) 82.1 Percent 

(D) 64.5 percent.
 

6. Foreign aid can perform the following gap filling functions in UDCs.
I. Savings gap
II. Foreign Exchange gap
III. Technological and Management gap
IV. Natural Resource gap.
(A) II and III
(B) I,II and III
(C) I and II
(D) II only
 

7. The growth of which one of the following remains an important objective and necessary condition for inclusive growth?
(A) Agriculture and allied sectors
(B) Industrial sector.
(C) Service sectors
(D) External sector.
 

8. Dunkel proposal was related to.
(A) GATT
(B) UNO
(C) IMF
(D) IBRD
 

9. Consider the following statement:
I. India is a major energy producer.
II. India is a major energy consumer.
III. India faced power shortage since in 1950-51.
Which is the correct answer?
(A) 1 only
(B) II only
(C) I and II only
(D) I,II and III
 

10. Consider the following statement:
Statement I: Gross National Product will always be more than the GDP.
Statement II: To get GNP, net factor income from abroad is added to GDP. Find the correct answer:
(A) Both statements are individually true and statement II is the correct explanation of statement I.
(B) Both the statements are individually true, but statement II is not correct explanation of statement I.
(C) Statement I is true, but statement II is false.
(D) Statement I is false, but statement II is true.  

ANSWER

1    A
2    B
3    A
4    A
5    A
6    B
7    A
8    A
9    D
10    D