ECONOMY MCQS SET 59

ECONOMY MCQS SET 59

581) Currency war' refers to a situation in which countries indulge in:
A) Amassing dollars
B) Accumulating gold
C) Devaluing their respective currencies
D) Allowing free convertibility of their currencies
Answer:  Devaluing their respective currencies
   
582) Three states which had Human Development Indicators (HDI) higher than China but lower than Mexico and Korea, according to RBI study, are:
A) Punjab, Gujarat, Kerala
B) Kerala, Maharashtra, Punjab
C) Maharashtra, Kerala, Karnataka
D) Kerala, Karnataka, A.P
Answer:  Kerala, Maharashtra, Punjab
   
583) Which among the following is not one of the important gold mines in the country?
A) Kolar
B) Hospet
C) Ramgiri
D) Hutti
Answer:  Hutti
   
584) Which of the following is not a function of the National Development Council?
A) Review the working of the Five Year Plans
B) Consider important socio-economic policies
C) Decide on allocation among the states
D) Improve the efficiency of administrative services required for plan implementation.
Answer:  Decide on allocation among the states
   
585) Decentralized planning on the basis of Panchayat Raj institutions was recommended by
A) Balwantray Mehta Committee
B) Mahalanobis Committee
C) Asoka Mehta Committee
D) Gadgil Committee
Answer:  Balwantray Mehta Committee

586) The National Agricultural Policy, 2000 emphasizes ..... as a measure of land reform.
A) tenancy reform
B) co-operative farming
C) distribution of surplus land
D) consolidation of holdings
Answer:  consolidation of holdings
   
587) The most significant economic consequence of the 'graying' of the Indian population in the decades to come, will be:
A) a fall in the growth of population
B) a reverse flow of wealth from children to parents
C) a decline in the demand for maternity facilities
D) the need for redesigning apartment buildings
Answer:  a reverse flow of wealth from children to parents
   
588) The argument for reduction in the rate of taxation to promote economic activity rests on the following premises:
I. Lower taxes increase the amount of savings
II. Moderate taxes lead to lower prices
III. It Promotes consumption
IV. It increases government's revenue.
A) all four
B) I only
C) IV only
D) I and III
Answer:  I and III
   
589) Reducing infant mortality helps control the growth of population by:
A) controlling repeated child birth to compensate for the mortality
B) protecting the health of the mother
C) increasing the gap between two births
D) preventing the tendency to choose the sex of the prenatal child
Answer:  controlling repeated child birth to compensate for the mortality
   
590) It is often argued that population growth is not merely a question of numbers but that of the age composition of population. This is because:
A) more numbers will inevitably mean more production
B) more people in the productive age group means net addition to wealth
C) the nature of public expenditure on services is determined by the composition of the population
D) none of the above
Answer:  more people in the productive age group means net addition to wealth