ECONOMY MCQS SET 52

ECONOMY MCQS SET 52

511) Human Poverty Index (HPI) measures the deprivation as a composite index of:
A) Longevity, Nutrition and Knowledge
B) Knowledge, Basic Needs and Standard of living
C) Longevity, Standard of living and Sanitation
D) Longevity, Knowledge, and Standard of living
Answer:  Longevity, Knowledge, and Standard of living
   
512) Brown Agenda' refers to;
A) concern for environment
B) the need to preserve the earth for the future generation
C) the well-being of the present generation, particularly in urban slums
D) None of the above
Answer:  the well-being of the present generation, particularly in urban slums
   
513) The UPA government decided to replace the strategic sale route for PSU disinvestment with:
A) public offer route
B) bundled Offer
C) public auction
D) e-tender
Answer:  public offer route
   
514) The state which has the largest percentage of persons below the poverty line is:
A) Assam
B) Bihar
C) Rajasthan
D) Uttar Pradesh
Answer:  Bihar
   
515) The state which has the lowest percentage of persons below the poverty line is:
A) Kerala
B) Maharashtra
C) Punjab
D) Gujarat
Answer:  Punjab

516) How many languages appear on the Indian Rupee note?
A) 15
B) 16
C) 14
D) 17
Answer:  17
   
517) After the launch of New Economic Policy:
A) both urban and rural poverty increased
B) rural poverty increased initially but declined in 1993-94
C) both rural and urban policy decreased
D) rural poverty increased but urban poverty declined
Answer:  rural poverty increased initially but declined in 1993-94
   
518) Consider the following statements in respect of the functions of World Trade Organization(WTO):
1. It seeks to make international trade free by establishing predictable and transparent ground rules.
2. It promotes capital flow from developed to developing countries.
3- It Provides a forum for trade negotiations
4. It works as a neutral agency for Settlement of trade disputes.
Identify the correct statements from the above:
A) 1, 3 and 4
B) 2, 3 and 4
C) 1,2,3 and 4
D) 1,2 and 3
Answer:  1, 3 and 4
   
519) which of the following statements in respect of Reserve Bank of India is not correct'?
A) RBI can issue notes of the value of Rupees 10,000
B) The 'Promise to pay' on the Rupee note indicates that RBI will exchange gold for the face value of the currency note on demand.
C) Coins below the denomination of 50 paisa have no legal tender
D) 50 paisa coins are legal tender only for a sum often rupees
Answer:  The 'Promise to pay' on the Rupee note indicates that RBI will exchange gold for the face value of the currency note on demand.
   
520) Demand pull factors for inflation can be
A) developmental expenditure
B) increase in agricultural output
C) a balanced budget
D) increase in industrial output
Answer:  developmental expenditure