ECONOMY MCQS SET 45

ECONOMY MCQS SET 45

441) Structural unemployment arises due to:
A) deflation conditions
B) heavy industry bias
C) shortage of raw materials
D) inadequate productive capacity
Answer:  inadequate productive capacity
   
442) Disguised unemployment' refers to:
A) persons with no job
B) more persons employed for a job which a few can accomplish
C) unemployment among women
D) unemployment of people above 60 years of age
Answer:  more persons employed for a job which a few can accomplish   
443) The nature of usual status unemployment is
A) seasonal
B) disguised
C) chronic
D) frictional
Answer:  chronic   
444) Consider the following statements regarding the
objectives of the Second Green Revolution announced in ' 2005:
l. It seeks to minimize post-harvest wastage
2. It will focus on improved storage
3. It will help the Indian farmers meet photo-sanitary conditions
4. It will equip the Indian farmers to participate more fully in global agricultural trade
Which of these statement/s is/are correct?
A) 1, 2, 3 and 4
B) 1, 3 and 4
C) 4 only
D) 2, 3 and 4
Answer:  1, 2, 3 and 4
   
445) The Planning Commission of India is:
A) a statutory body
B) an advisory body
C) a constitutional body
D) an independent and autonomous body
Answer:  an advisory body

446) Which of the following is not a founding member of the Asian Infrastructure Investment Bank(AIIB)?
A) India
B) China
C) USA
D) UK
Answer:  USA
   
447) Which of the following is not an objective of India's economic planning?
A) Population growth
B) Industrial growth
C) Self-reliance
D) Employment generation
Answer:  Population growth
   
448) With reference to India's food policy, consider the following Statements:
1. It Seeks to avert famines by maintaining a buffer stock
2. It ensures remunerative price for the farmers so that they do not switch crops
3. It encourages surplus production for the export market
4. It aims to maintain general price line
Which of these statements are correct?
A) 1, 2, 3 and 4
B) 1 and 4
C) 1, 2 and 4
D) 1 and 2
Answer:  1, 2 and 4
  
449) Finance Ministry has introduced the concept of Outcome Budget from 2005. Under this the monitoring of the outcomes will be the responsibility of:
A) Planning Commission
B) Finance Ministry and Planning Commission jointly
C) Union Cabinet
D) Ministry of Programme Implementation
Answer:  Finance Ministry and Planning Commission jointly
   
450) In India, National Income is computed by:
A) Ministry of Finance
B) Central Statistical Organization
C) Planning Commission
D) Indian Statistical Institute
Answer:  Central Statistical Organization