World Economy English

Question. Who was the first administrator-statesman to attempt planning as a means for economic development?

Ans: Sir CP Ramaswami Aiyyar

Question. An economy is at the take off stage on its path to development when it

Ans: begins steady growth

Question. Which of the following is the basic characteristic of Oligopoly?

Ans: a few sellers, many buyers

Question. The aim of which of the Five Year Plans was to correct the disequilibrium in the economy?

Ans: First Five Year Plan

Question. Which of the following Five Year Plans recognized human development as the core of all developmental efforts?

Ans: Eighth Five Year Plan

Question. Which of the following plans aimed at improving the standard of living?

Ans: Fourth Plan

Question. At which of the following places was the mining of coal started in 1774?

Ans: Raniganj

Question. In which of the following years were the cocking coals and non-cocking coal mines in India nationalized?

Ans: 1972 and 1973 respectively

Question. Which Indian state has the largest number of cotton textile mills?

Ans: Maharashtra

Question. Minor ports like Kakinada, Machilipatnam, Bheemunipatnam, and Krishnapatnam are in which of the following states?

Ans: Andhra Pradesh

Question. When, for the first time, did the Prime Minister of India announce the 20-point Economic Programme?

Ans: 1975

Question. Which of the following plans aimed at the removal of poverty and attainment of self-reliance?

Ans: fifth plan

Question. Census in India is being held regularly after every

Ans: 10 years

Question. People belonging to what age group are eligible for training under TRYSEM sche

Ans: 18-35

Question. According to the census in 2001, which city in India has the largest population?

Ans: Mumbai

Question. In terms of geographical area India occupies what position in the world?

Ans: seven

Question. Agriculture employs almost what percent of the Indian population?

Ans: 70

Question. Which one of the following is a Kharif crop?

Ans: barley

Question. Who is known as the ‘Father of White Revolution’/?

Ans: V Kurien

Question. Who was the chief architect of Green Revolution that significantly improved the agricultural yield in the country?

Ans: MS Swaminathan

Question. The Chota Nagpur Plateau famous for its mineral deposits is in

Ans: Jharkhand

Question. The Mumbai Stock Exchange was set up in

Ans: 1875

Question. What does the term NSDL stands for?

Ans: National Securities Depository Limited

Question. In Indian economy, the principal means of transportation is

Ans: railways

Question. Which of the following organizations looks after the credit needs of agriculture and rural development in India?

Ans: NABARD

Question. Which of the following estimates the National Income in India?

Ans: Central Statistical Organization

Question. In India which of the following taxes is levied by the state governments?

Ans: Excise duty on liquor

Question. Which industry employs the largest number of women in India?

Ans: tea

Question. Which of the following is not a cash crop?

Ans: jowar

Question. An economy is at the ‘take off’ stage on its path to development when it

Ans: begins steady growth

Question. Which among the following treaties provided for a common currency for the member countries of European Community?

Ans: Maastricht Treaty

Question. SEBI stands fo","Science and Engineering Board of India

Ans: Securities and Exchange Board of India

Question. With which of the following lies the basic regulatory authority for mutual funds and stock markets?

Ans: SEBI

Question. With which aspect of commerce are ‘Bulls and Bears’ associated?

Ans: Stock Exchange market

Question. State Financial Corporations give assistance mainly to develop

Ans: small and medium scale industries

Question. In which of the following fields was the first co-operative movement in India initiated?

Ans: agricultural credit

Question. Which of the following taxes is a progressive tax?

Ans: income tax

Question. Which of the following taxes is/are levied by the Union and collected and appropriated by the states?

Ans: stamp duties

Question. The terms TRIPS and TRIMS are related to

Ans: GATT

Question. In which year was the new liberalized industrial policy announced in India?

Ans: 1991

Question. During which Five Year Plan was the annual growth rate of National Income the lowest?

Ans: third plan

Question. Chelliah Committee of 1992 deals with the overhauling of our

Ans: tax system

Question. Economic planning is an essential feature of

Ans: socialist economy

Question. Which among the following is an essential characteristic of mixed economy?

Ans: co-existence of private and public sectors

Question. What is the value of goods and services produced in a country within a year called?

Ans: gross national product at market prices

Question. National income is the

Ans: net domestic product at market price

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