Indian Economy MCQ Practice Set Questions Answers – Series 9
1) Expand the term LIBOR
a) London Inter-Bank Offered Rate
b) London Inter-Bank Operational Rate
c) London Inter-Bank Offsite Rate
d) London Inter-Bank onsite Rate
2) A scheduled commercial bank should have capital and reserves over
a) Rs 10 Lakh
b) Rs 2 Crore
c) Rs 8 Lakh
d) Rs 5 Lakh
3) Antyodaya Anna Yojana was launched on
a) 25th December,2000
b) 15th August,2001
c) 2nd October,2001
d) 2nd October, 2001
4) Rate of growth of an economy is measured in term of
a) national income
b) per capital income
c) number of people who have been lifted above the poverty line
d) Industrial development
5) Who is the Deputy Chairman of Planning Commission?
(a) Prime Minister
(b) Finance Minister
(c) Commerce Minister
(d) None of the above
6) Who of the following was the author of the chapter on “Objectives of Planned Development” for the Third Five Year Plan?
(a) Morarji Desai
(b) C.D. Deshmukh
(c) Jawaharlal Nehru
(d) Lal Bahadur Shastri
7) During which Plan did prices show a decline?
(a) First
(b) Third
(c) Fifth
(d) None of the above
8) Consider the following statements with reference to Indira Gandhi National Old Age Pension Scheme
1. All persons of 60 years or above belonging to the households below poverty line in rural areas are eligible.
2. The Central Assistance under this Scheme is at the rate of Rs. 300 per month per beneficiary. Under the Scheme, States have been urged to give matching amounts.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
9) Which of the following schemes launched by the Govt. of India aims at enhancing the livelihood security of the people in rural areas by guaranteeing hundred days of employment in a financial year to a rural household whose adult members volunteer to do unskilled manual work?
a) TRYSEM
b) Pradhan Mantri Gram Sadak Yojana
c) Kutir Jyoti Scheme
d) MNREGA
10) Which committee was set up to review the concept of the poverty line?
a) Dutt Committee
b) Wanchoo Committee
c) Chakarvarthy Committee
d) None of the above