ECONOMY MCQS SET 60

ECONOMY MCQS SET 60

591) Which of the following can be termed an infrastructural bottleneck in the development of India's economy?
A) Existence of a large variety of financial institutions
B) The federal nature of Indian polity
C) The volatility of the Indian rupee
D) Delay in the administration of justice
Answer:  Delay in the administration of justice
   
592) Economists explain that India needs to increase its rate of savings from the present rate. An obstacle to this is:
A) the prevalence of conspicuous consumption
B) the absence of a good network of financial institutions in the rural areas
C) erosion in the value of savings as a result of inflation
D) the availability of white goods
Answer:  erosion in the value of savings as a result of inflation

593) At present there are 12 major ports in the country. The latest to be notified as a major port is:
A) Kandla
B) Kochi
C) Paradeep
D) Ennore
Answer:  Ennore
   
594) The purpose of the India Brand Equity Fund is:
A) to promote inbound tourism
B) to make 'Made in India' a label of quality
C) to organize trade fairs
D) to provide venture capital to IT sector
Answer:  to make 'Made in India' a label of quality
   
595) Government has recently allowed 100 per cent Foreign Direct Investment (FDI) in many strategic sectors. Which of the following sectors has not been opened up?
A) Lottery Business
B) Refinery
C) e-commerce
D) Power
Answer:  Lottery Business

596) The World Population Day is observed on July ll, in commemoration of that day in I987 when the five billionth inhabitant of the world was supposed to have been born. According to the UNFPA,the figure will reach eight billion in:
A) 2015
B) 2017
C) 2021
D) 2026
Answer:  2026
   
597) Structural adjustment is supposed to affect the poor and the weaker sections. Which of the following causes is not one of the reasons for the increasing misery of the poor consequent on the implementation of structural reforms?
A) Most of the new jobs created were in the urban sector.
B) There was a sharp fall in government expenditure.
C) Subsidies on food grains were slashed.
D) Real wages of unskilled workers increased.
Answer:  Real wages of unskilled workers increased.
   
598) The New Economic Policy (I991) was launched in the background of the following economic indicators:
I. India's foreign exchange reserves had fallen to U$$1 billion.
II. The fall of the Soviet Union had deprived India of almost a quarter of its export market.
III. There was negative growth in real GDP.
IV. Indian rupee had to be devalued by 45 per cent.
A) all 4
B) only I
C) I and II only
D) I, II , and III
Answer:  I and II only
   
599) The SFURTI Scheme notified by the Government in October 2005 aims to
A) support renovation of heritage structures as tourist attraction
B) encourage sports and games among rural youth
C) fund civil society for promoting Right to Information
D) promote the regeneration of traditional industries
Answer:  promote the regeneration of traditional industries
   
600) Project GAGAN has been designed to
A) provide a dependable aerial defense system
B) ensure a more reliable meteorological forecast system
C) meet the precision approach requirements of the Civil Aviation sector
D) track the migratory birds and study their pattern of migration.
Answer:  meet the precision approach requirements of the Civil Aviation sector