ECONOMY MCQS SET 63

ECONOMY MCQS SET 63

621) Under the UN mandate, which of the following organs is responsible for social security?
A) General Assembly
B) International Labour Organization
C) Economic and Social Council
D) UNESCO
Answer:  International Labour Organization
   
622) Which of the following best explains divergence in poverty data between the estimates of the Planning Commission and the figures revealed by the Socio Economic and Caste Census (SECC) 2011?
A) Planning Commissions was only an estimate but SECC 2011 was a census.
B) Planning Commission estimated poverty while SECC assessed deprivation.
C) SECC data was based on information provided by the responder
D) Poverty has increased between 2006 and 2012.
Answer:  Planning Commission estimated poverty while SECC assessed deprivation.
  
623) lt is alleged that industrial sickness is sometimes 'engineered' by owners/promoters for ulterior motives. Which of the following is not an internal factor for such sickness?
A) Mismanagement
B) Diversion of funds
C) Technological obsolescence
D) Wrong dividend policy
Answer:  Technological obsolescence
   
624) The British developed Indian railway system in such a way as to facilitate traffic between:
A) the capital city and hill resorts
B) the metro cities
C) the sources of raw material and production centers
D) the sources of raw materials and ports
Answer:  the sources of raw material and production centers
  
625) Which of the following is not a function of the Exim Bank of India?
A) Financing of export and import of goods and services.
B) Inspection of exported goods for quality assurance.
C) Financing of joint ventures in foreign countries
D) Loans to Indian parties for contributing to share capital of joint ventures abroad.
Answer:  Inspection of exported goods for quality assurance.

626) During the l9th Century, British investment in India was confined mostly to:
A) core and infrastructure sector
B) plantation sector
C) agribusiness sector
D) textiles
Answer:  core and infrastructure sector
   
627) Which of the following is the deepest port in India?
A) Jawaharlal Nehru Port, Navi Mumbai
B) Tuticorin Port
C) Gangavaram Port
D) Dharma Port
Answer:  Gangavaram Port
   
628) Among the 18 hot spots of bio-diversity in the world, the two which fall in India are:
A) Eastern Himalayas and Western Ghats
B) Kashmir and Sunderbans
C) Western Ghats and Andaman Islands
D) Sunderbans and Nicobar
Answer:  Eastern Himalayas and Western Ghats
   
629) It is said that in order to control inflation, foreign inflow needs to be sterilized. Sterilization here refers to
A) ensuring that black money is accounted for
B) compliance with import-export regulations
C) ensuring that counterfeit currency does not enter circulation
D) withdrawing equivalent local currency to maintain a desirable rate of exchange
Answer:  withdrawing equivalent local currency to maintain a desirable rate of exchange
   
630) Consider the following statements with regard to Planning Commission (PC) and Finance Commission (FC)Which of these statements is not true?
A) Both FC and PC are institutions for the transfer of resources from centre to the states.
B) While PC is a permanent body, FC is constituted every five years.
C) Awards given by both are binding on the Central Government.
D) FC awards non-plan resources while PC allocates plan resources.
Answer:  Awards given by both are binding on the Central Government.