ECONOMY MCQS SET 57

ECONOMY MCQS SET 57

561) Which of the following is not an objective of the Rajiv Gandhi Grameen Vidyutikziran Yojana for Rural Electricity lnfrastructure and Household Electrification?
A) Creation of Rural Electricity Distribution Backbone
B) Creation of Village Electricity Infrastructure
C) Provision of free electricity to village clubs and libraries
D) Electrification of all unelectrified BPL households
Answer:  Provision of free electricity to village clubs and libraries
   
562) Consider the following statements in respect of the aims of Bharat Nirman Programme:
l. To provide road connectivity to all villages with a population of 1000/500 in plain and hilly areas.
2. To ensure enrolment of all girls between the age of 6 and 11 in schools.
3. To provide telephone connectivity to all remaining villages.
4. To provide drinking water to all uncovered habitations.
Which of the above is/are not correct?
A) 1 only
B) 2 and 4
C) 2 only
D) 1 and 3
Answer:  2 only
   
563) Which of the following functions is not performed by the Reserve Bank of India?

A) It acts as banker to central and state governments under agreements signed with them.
B) It issues currency and coins of all denominations.
C) It handles the borrowing programme of state governments.
D) It maintains orderly conditions in the foreign exchange market.
Answer:  It issues currency and coins of all denominations.
   
564) Which of the following statements is not correct in relation to International Monetary Fund?
l. India is a founder member of the IMF.
2. IMF conducts regular review of India's economic status under Article IV
3.India's quota in the IMF is more than 2 per cent.
4.Finance Minister is ex-officio Governor of the IMF.
A) 1 and 4
B) 3 only
C) 1 only
D) 2 and 4
Answer:  3 only
   
565) Identify one 'area which has not been listed as a National Thrust Area by the Investment Commission for enhancing growth:
A) Pharmaceuticals
B) Tourism
C) Textiles
D) Agro-processing
Answer:  Pharmaceuticals

566) Which of the following statements is true of the centrally sponsored plan programs?
A) Each state has to sponsor the program
B) These programs are directly implemented by Centre
C) These programs fall constitutionally in the domain of the states
D) Private sector participation in these programs is mandatory
Answer:  These programs fall constitutionally in the domain of the states
   
567) Which of the following is not one of the deficit financing methods in India?
A) Borrowing from RBI
B) Borrowing from commercial banks
C) Borrowing from IMF
D) Printing new currency
Answer:  Borrowing from IMF
  
568) Fiscal Policy is connected with
A) exports and imports
B) public revenue and expenditure
C) issue of currency
D) Population control
Answer:  public revenue and expenditure
   
569) Which of the following is the largest single source of the Government's earning from tax revenue?
A) Central excise
B) Customs
C) Corporation tax
D) Income tax
Answer:  Corporation tax
   
570) Out of the following which one Contributes the minimum amount to the Governments tax revenue?
A) Central excise
B) Customs
C) Wealth tax
D) Income tax
Answer:  Wealth tax