Indian Economy
Test Your Knowledge on the Indian Economy!
Welcome to the Indian Economy Quiz! This quiz is designed to test your knowledge on various aspects of the Indian economy, including its history, policies, and recent developments. Are you ready to dive into the world of economic planning and reforms?
Check out what you will explore:
- Five-Year Plans and their impact
- Current economic policies and strategies
- Understanding of key economic indicators
Which of the following Nobel Prizes was added in 1968?
Literature
Peace
Medicine
Economics
Which of the following statements is/are correct? 1. Ease of doing business was an index published by the World Bank. 2. Indicators in Ease of doing business included construction permits, registration, getting credit, tax payment mechanism etc. Select the correct answer using the code given below:
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Which of the following plan is associated with P C Mahalanobis?
First five-year plan
Second five-year plan
Sixth five-year plan
Ninth five-year plan
The Gadgil Strategy is associated with which of the following plan?
First five-year plan
Fourth five-year plan
Sixth five-year plan
Eighth five-year plan
With reference to the rolling plan, which of the following statements is/are correct? 1. It was introduced by Indira Gandhi. 2. The rolling plan rejected the sixth five-year Plan of the preceding Janata government. Select the correct answer using the codes given below:
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Washington Consensus” is related to which of the following?
Economic reforms
Bilateral trade
Balance of payments measures
Tax decentralization
What does Phillips Curve indicate?
Inverse relationship between inflation and unemployment
Income inequality
Relationship between tax rates and the amount of tax revenue
Impossible trilemma of exchange rate, capital flow and autonomous monetary policy
Consider the following statements regarding the Priority Sector Lending (PSL) norms of RBI: 1. The small finance banks are required to extend 75 percent of their Adjusted Net Bank Credit (ANBC) to priority sector. 2. The Housing and Renewable Energy sectors are included in the Priority Sector under PSL norms. Which of the statements given above is/are correct?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
What is the mandate of the recently constituted Rajiv Mehrishi committee?
Economic impact of interest waivers under COVID-19 related loan moratorium
Assess the adequate size of capital reserves that the RBI should hold
Financial parameters for restructuring of loans impacted by the COVID-19 pandemic
Constitution of the Public Debt Management Agency
India’s Forex Reserve comprises of which of the following assets? 1. Foreign Currency Assets 2. Gold 3. Special Drawing Rights (SDRs) Select the correct answer using the code given below:
1 and 2 only
2 and 3 only
1 and 3 only
All of the above
Recently the Reserve Bank of India (RBI) has decided to change its accounting year from July-June to April- May on whom recommendations?
Urjit Patel
Ramesh Chand
Bimal Jalan
Shaktikant Das
Consider the following statements regarding the Consumer Price Index for Industrial Workers (CPI-IW): It is compiled by the Labour Bureau. The base year for the CPI-IW has been updated to the year 2016. Which of the statements given above is/are correct?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Which of the following experienced the fastest expansion during the plan period in India?
Services
Industry
Agriculture
None of the Above
Mixed economy means an economy where
Both agriculture and industry are equally promoted by the state
There is co-existence of public sector along with private sector
There is importance of small scale industries along with heavy industries
Economy is controlled by military as well as civilian rulers
Which of the following could be said to have prevented the ‘trickle down’ effects in Indian economy ? 1. Increased dependence of agriculture on purchased inputs and privately managed irrigation 2. More employment of labour by larger landholding farmers 3. Lowered participation of women in agricultural workforce due to new technology 4. The failure of the Green Revolution
1 and 2
2 and 3
1 and 3
2 and 4
In the context of India’ s Five Year Plans, a shift in the pattern of industrialization, with lower emphasis on heavy industries and more on infrastructure begins in
Fourth Plan
Sixth Plan
Eighth Plan
Tenth Plan
Persons below the poverty line in India are classified as such based on whether:
They are entitled to a minimum prescribed food basket
They get work for a prescribed minimum number of days in a year
They belong to agricultural labourer household and the scheduled caste/tribe social group
Their daily wages fall below the prescribed minimum wages
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