ECONOMY MCQS SET 82

ECONOMY MCQS SET 82

811) Which one of the following is correct about the Trickle Down theory of Economic Development?
A) The policy of increasing tax rates so the revenue generated will be helpful to implement the social programmes.
B) The policy of providing across the board tax cuts to businesses, so that this will indirectly benefit the broad population.
C) The process of privatisation of key sector of Public Sector Units so that the revenue collected will be infused into developmental processes.
D) None of the above
Correct Answer: The policy of providing across the board tax cuts to businesses, so that this will indirectly benefit the broad population.
   
812) Which one of the following sectors of the Indian Economy got the highest growth in the term GDP contribution after the adoption of LPG model of economic development?
A) Agricultural Sector
B) Fishing and Forestry Sector
C) Mining and Quarrying Sector
D) Services Sector
Correct Answer: Services Sector
   
813) Consider the following statements
1. Allowing free capital inflows and FDIs.
2. Facilitate the migration of human resources.
3. Imposition of quantitative restriction on trades.
Which of the statements given above are important ingredients of the globalisation in true sense?
A) 2 and 3
B) 1 and 2
C) 1 and 3
D) 1, 2 and 3
Correct Answer: 1 and 2
   
814) Inclusive growth' is a phrase used in India's
1. Ninth plan
2. Tenth plan
3. Eleventh plan
4. Twelfth plan
Select the correct answer using the codes given below
A) 1, 2 and 3
B) 2 and 4
C) 3 and 4
D) Only 4
Correct Answer: 3 and 4
   
815) Which of the following best explains the stated broad vision and aspirations of the Twelfth Five Year Plan (2012-17)?
A) Faster, sustainable and more inclusive growth
B) Modernisation of industries and strengthening infrastructure
C) Enhancing agricultural and rural incomes
D) Checking inflation and strengthening non economic variables like nutritional requirements, health and family planning
Correct Answer: Faster, sustainable and more inclusive growth

816) The First Five Year Plan (1951-56) was drafted by
A) PC Mahalanobis
B) KN Raj
C) JC Mumarappa
D) Jawaharlal Nehru
Correct Answer: KN Raj
   
817) Consider the following economic processes taking place in Indian Economy
1. Import of western culture through the mass media and telecommunication system in India.
2. Establishment of factory units of MNCs in India.
3. Acquisition of branded foreign companies by Indian business tycoon.
Which of the economic processes given above is/are encompassed under globalisation?
A) 1, 2 and 3
B) 1 and 3
C) 2 and 3
D) Only 2
Correct Answer: 1, 2 and 3
   
818) From which one of the following years, the Rolling Plan of the Indian economy was started?
A) 1966-1969
B) 1978-1983
C) 1980-1985
D) 2002-2007
Correct Answer: 1978-1983
   
819) During which Five Year Plan of Indian Economy, the growth rate of the agricultural production was negative?
A) First Five Year Plan
B) Third Five Year Plan
C) Fifth Five Year Plan
D) None of the above
Correct Answer: None of the above
   
820) Which one of the following is not the member of the National Development Council of India?
A) Ministers of the Union Cabinet
B) Chief Ministers of the States
C) Administrators of the Union Territories
D) Governors of the States
Correct Answer: Governors of the States