ECONOMICS MCQS SET 04

ECONOMICS MCQS SET 04

1. Consider the following statement:
Assertion (A) : Price policy aims at controlling fiscal deficit.
Reason (R) : Fiscal deficit leads to inflationary pressure. Which is 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 the correct explanation of A.
 

2. Agricultural unemployment may be classified into:
I. Seasonal unemployment.
II. Disguised unemployment.
III. Chronic unemployment.
Which is the correct answer?
A) I and II only
B) II and III only
C) I and III only
D) I,II and III
 

3. Fill in the blanks:
National population policy adopted in 2000 with a view to encourage ________ and aim at stabilizing the population by ____________.
A) Two child norm,2020
B) One child norm, 2030
C) Two children norm, 2046
D) One child norm, 2050
 

4. Match the following and select the correct answer:
a) Tax revenue 1. Provident funds.
b) Capital receipts 2. Taxes on Income and expenditure.
c) Non-plan expenditure 3. Sales tax.
d) Value added tax 4. Interest payments.
A) 4 3 2 1
B) 1 3 4 2
C) 2 1 4 3
D) 2 3 4 1
 

5. The National statistical Commission of India was headed by
A) Monteck Singh Ahluwaliya
B) C.Rengarajan.
C) Raghuram Rajan
D) V.K.R.V.Rao
 

6. The Structure of Indian Financial system does not include.
A) Industrial finance
B) Agricultural finance
C) Development finance
D) Deficit finance.
 

7. The MGNREGS differs from other poverty alleviation measure in the following respects.
I. It focuses on income generation to the target poor.
II.It is built around the notions of citizenship and entitlement.
III. It facilitates disclosure by means of regular and social audit.
IV. It operates as per the directions of the state/Central Governments.
A) I and II
B) II and III
C) I and IV
D) II and IV.
 

8. Justice D.P. Wadhwa committee was appointed by the supreme court to examine.
A) Insurance schemes
B) The level of black money in the country.
C) The functioning of rural development programmes
D) The public Distribution system
 

9. The Nutrient Based Subsidy (NBS) policy for fertilizers was implemented in India in .
A) 1966
B) 1977
C) 1994
D) 2010
 

10. Which of the following is / are incorrectly matched? Select your answer using the codes given below.
I.Credit creation - Reserve Bank of India.
II.Commercial Bank - Accepting deposits.
III.Reserve Bank of India - Control of credit.
IV.Quantitative Control - Scheduled Banks.
A) I only
B) I and II
C) II and IV
D) I and IV.

ANSWER

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