GK Quiz on Indian Economy Set V

Jagran Josh is providing you a set of 10 MCQs on Indian Economy. These questions are made after analyzing the trends of different competitive exams. It will help you in understanding that what kind of questions are asked from Indian Economy.
Created On: Jan 11, 2016 14:25 IST
Modified On: Feb 1, 2016 10:35 IST

Jagran Josh is providing you a quiz on Indian Economy. These questions are made after analyzing the trends of different competitive exams. It will help you in understanding that what kind of questions are asked from Indian Economy.

1. Who was the proponent of Gandhian Strategy?

(a) J.L. Nehru

(b) P(c) Mahalanobis

(c) Shriman Narayan Agarwal

(d) None of these

2. Which of the following is not correct statement?

(a) Bombay plan was started in 1944

(b) JRD Tata and his associates started Bombay plan.

(c) Peoples plan was proposed by the M.N. Roy

(d) Sarvodaya plan was started by the Vinoba bhave

3. Hindu rate of growth is counted at the rate of:

(a) 6% per annum

(b) 7% per annum

(c) 1% per annum

(d) 3.4% per annum

4. Which of the following statements is correct?

(a) The public sector was given a dominant position in the newly Independent Indi(a)

(b) The foreign trade policy post Independence allowed free trade of all goods and services.

(c) Monetary policy post Independence sought to keep the CRR at a very low level.

(d) None of the above.

5. All of the following developments were noticed during 1991 (when economic reforms were enforced) except one. Identify it.

(a) National debt was nearly 60 per cent of the GNP of Indi(a)

(b) Inflation crossed double digits.

(c) Foreign reserves were maintained at a very high level.

(d) None of the above.

6. At present only __________ industries are reserved for the public sector.

(a) 5

(b) 7

(c) 8

(d) 3

7. At present there are only _________ industries for which licensing are compulsory.

(a) 18

(b) 3

(c) 10

(d) 9

8. At present, in which sector 100 per cent FDI is allowed in India?

(a) Defence

(b) Drugs and pharmaceuticals

(c) Banks

(d) Insurance

9. As a result of the New Industrial Policy, 1991:

(a) Prior approval of central government is required for establishing new undertakings, and expanding the present undertaking.

(b) An industry intending to have more than 100 crore of assets is required to obtain the permission of the central government.

(c) Prior approval of central government for establishing new undertakings and expanding existing undertaking is not require(d)

(d) Two or more companies deciding to amalgamate are required to take the prior approval of the central government.

10. Which of the following is also known as International Bank for Reconstruction and Development?

(a) IMF

(b) RBI

(c) WTO

(d) World Bank

Question

Answer

1

c

2

d

3

d

4

a

5

c

6

d

7

b

8

b

9

c

10

d

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