ECONOMY MCQS SET 53

ECONOMY MCQS SET 53

521) Inflation is described as a regressive form of taxation because:
A) it affects exports and makes imports attractive
B) it leads to devaluation of the currency
C) it may cause recession
D) it affects the poor and vulnerable sections more
Answer:  it affects the poor and vulnerable sections more
   
522) Demand management to control inflation may lead to:
A) increase in government expenditure
B) increase in unemployment due to contraction of the economy
C) expansion of credit
D) creation of excess liquidity
Answer:  increase in unemployment due to contraction of the economy
  
523) In the post reform period inflation was kept at bay by adopting:
A) release of buffer-stock and import of essential commodities
B) controlling monetary expansion
C) compensating in increased procurement prices for withdrawal of fertilizer subsidy
D) all of these
Answer:  all of these
   
524) Agriculture in India today provides livelihood to ........... of labour force directly.
A) 40%
B) 55%
C) 61%
D) 45%
Answer:  45%
   
525) Agriculture contributes ..... .. of GDP in India today.
A) 42%
B) 18%
C) 27%
D) 57%
Answer:  18%

526) Government of India has launched the e-Biz portal for G2B services, as a Private Public Partnership venture with Infosys. Which of the following services will not be
covered under the portal?
A) Obtaining clearances
B) Marketing support
C) Issue of licenses
D) Registration with tax authorities
Answer:  Marketing support
   
527) Agriculture accounts for .....of total value of India's exports.
A) 0.1
B) 0.15
C) 0.18
D) 0.25
Answer:  0.18
   
528) India's per capita net availability of food grains per day is......
A) 454 gms
B) 285 gms
C) 621 gms
D) 438 gms
Answer:  438 gms
   
529) Consider the following recommendations:
1. RBI should target only on reducing inflation and use only a single instrument to keep inflation under control;
2. Foreign investors should be allowed to invest in government bond market;
3. Government should sell small under-performing public sector banks;
4. Banks should be allowed to open branches and ATMs everywhere without restrictions.
Which of the above are among the recommendations of the Raghuram Rajan Committee on Financial Sector Reforms?
A) 1,2,3 and 4
B) 1,2 and 3
C) 2 and 3
D) 1, 3 and 4
Answer:  1,2,3 and 4
   
530) The impact of Green Revolution was felt most in the case of:
A) wheat
B) rice
C) pulses
D) oil seeds
Answer:  wheat