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Indian Economy - Recapitulation

Total questions: 42

Worksheet time: 27mins

Name
Class
Date
1.

Full form of FERA

a)

[A] Foreign Exchange Regulation Act

b)

[B] Foreign Exchange Regulation Agency

c)

[C] Foreign Exchange Repulsive Agent

d)

[D] Foreign Expert Regulation Act

2.

Which of the following is the apex institution which handles refinance for agriculture and rural development in India?

a)

RBI

b)

SIDBI

c)

NABARD

d)

SEBI

3.

Who is the Apex body in Indian Banking System?

a)

RBI

b)

SEBI

c)

IRDA

d)

NABARD

4.

NABARD is .......

a)

Bank for Rural and Agriculture development

b)

Private Bank

c)

Public Sector commercial bank

d)

Foreign Bank

e)

Bank for Industrial Development

5.

The central banking functions in India are performed by the

a)

Central Bank of India

b)

Reserve Bank of India

c)

State Bank of India

d)

Punjab National Bank

6.

Which bank is called lender of last resort?

a)

Commercial bank

b)

Agricultural bank

c)

Central bank

7.

Abolition of intermediateries and Land ceiling are part of

a)

Industrial reforms of India

b)

External sector reforms in India

c)

Land reforms in India

d)

Banking reforms in India

8.

What of the following is true? Bank... (4)

a)

is a financial institution

b)

is a financial intermediary

c)

is a private business and is not regulated

d)

connects customers that have capital deficits to customers with capital surpluses

e)

accepts deposits and channels those deposits into lending activities

9.

What are the main types of deposits? (3)

a)

Current Deposit

b)

Interest Deposit

c)

Fixed deposit

d)

Savings deposit

10.

What are the primary functions of commercial banks? (2)

a)

accepting deposits

b)

collection of checks

c)

granting loans

d)

foreign exchange

11.

What is collateral?

a)

Hollywood movie with Tom Cruise

b)

an asset to secure the loan

c)

the board of directors of the central bank

d)

member of bank staff

12.

Which of the following statement is correct about the NITI Aayog?

a)

NITI Aayog was Formed 25 January 2016

b)

NITI Aayog comes under the Ministry of Commerce and Industry

c)

The full form of NITI Aayog is National institute for Transforming India

d)

The NITI Aayog is a policy think tank of the Government of India

13.

When was NITI Aayog established?

a)

1 January 2015

b)

25 January 2016

c)

14 May 2014

d)

1 July 2015

14.

Which of the following is not the function of the NITI Aayog?

a)

To evolve a shared vision of national development priorities sectors and strategies

b)

To foster cooperative federalism

c)

To give final approval to the Five Year Plans of India

d)

To create a knowledge, innovation and entrepreneurial support system

15.

Which of the following statements is correct about the National Development Council (NDC)?

a)

It is a constitutional body

b)

It is a statutory body

c)

Its Chairman is the Finance Minister

d)

Chief Ministers of all the States are its member

16.

Who is the current CEO of the NITI Aayog?

a)

Rajeev Kumar

b)

Arvind Subramanyam

c)

Amitabh Kant

d)

Narendra Modi

17.

Who of the following is the part of Governing Council of NITI Aayog?

a)

All Chief Ministers of the states

b)

Chief Ministers of Delhi and Puducherry

c)

Lieutenant Governor of Andaman & Nicobar Island

d)

All of the above

18.

What was the period of the 12th five-year plan of India?

a)

2012 to 2017

b)

2007 to 2012

c)

2017 to 2022

d)

2010 to 2015

19.

What can be a Good Example Of Think-tank in the following.

a)

To solve classroom related issues, the teacher forms a group of students. this group discusses the problems and finds solutions to it.

b)

To solve classroom related issues, teacher forms a group with other teachers in the staff room to discuss the problems and find solutions to it.

20.

The very first five-year plan of India was based on the model of

a)

Mahalanobis model

b)

Harrod Domar Model

c)

Bombay Plan

d)

None of these

21.

Five year plan idea was adopted from which country

a)

China

b)

Japan

c)

Russia

d)

Brazil

22.

Which of the following is not matched correctly about NITI Aayog?

a)

NITI Aayog head office: Delhi

b)

Prime Minister: Chairman

c)

Parent Agency: Government of India

d)

NITI Aayog replaced: National Development Council

23.

Which was the last Five Year plan in Indian ?

a)

11th

b)

12th

c)

14th

d)

13th

24.

land ceiling refers to :

a)

fix rural landholdings at the existing level

b)

firx land are for irrigation purposes

c)

fix urban landholdings at the existing level

d)

fix quantum of land held by an individual

25.

The portion of agricultural produce which is sold in the market by the farmers is known as,

a)

Trade deficit

b)

Marketed surplus

c)

Subsidy

d)

Import substitution

26.

What does HYVP stand for?

a)

A. High Yielding Varieties Products

b)

B.High Yielding Various Programme

c)

C. High Yielding Varieties Programme

d)

D. High Yielding Various Products

27.

The content of the soil, its depth and texture significantly influence agricultural activity

a)

TRUE

b)

FALSE

28.

Grouping of small land holdings into a bigger one is called -

a)

Ceiling on land holding

b)

Collectivisation

c)

Cooperative farming

d)

Consolidation of land holdings

29.

Farm helpers are unemployed when the cropping season is over.

a)

frictional

b)

cyclical

c)

structural

d)

seasonal

30.

If auto workers lose their jobs as the industry becomes far more technically intensive and capital intensive, what form of unemployment occurs?

a)

Cyclical

b)

Seasonal

c)

Frictional

d)

Structural

31.

Short-term temporary unemployment caused by people being temporarily between jobs or entering the job market for the first time

a)

Employed

b)

Structural unemployment

c)

Frictional unemployment

d)

Voluntary unemployment

e)

Cyclical unemployment

32.

This isn't a Sugar-producing state:

a)

Uttar Pradesh

b)

Maharashtra

c)

Odisha

33.

The port which is connected to Rourkela Steel Plant and helps in the movement of raw materials and finished goods is

a)

Mumbai

b)

Kolkata

c)

Chennai

34.

Iron and steel industry is considered to be a ____________ industry.

a)

Small-scale

b)

Basic

c)

Agro-based

d)

Knowledge

35.

Who among the following used the term "GREEN REVOLUTION" in India

a)

M.S.Krishnamoorthy

b)

Raj krishna

c)

M.S.Swaminathan

d)

V.K.R.V.Rao

36.

Green Revolution started from which state in India?

a)

Maharashtra

b)

Punjab

c)

Tamil Nadu

d)

West Bengal

37.

When and where did the ‘Green Revolution’ start?

a)

1950, Mexico


b)

1980, Egypt


c)

1990, India


d)

2000, Philippines

38.

Which of the following is not one one of the key features of a cottage industry?

a)

Carried out in persons homes

b)

Typically use traditional or small scales technology

c)

Often use local raw material

d)

Usually hire employees from the community

39.

Which of these does the DTM not include?

a)

Birth rate

b)

Population

c)

Migration

d)

Death rate

40.

What does DTM stand for?

a)

Demographic Transnational Modelling

b)

Demographic Transition Model

c)

Decreasing Thermal Medicines

d)

Developing Transition Model

41.

What is the backbone of Indian economy

a)

Agriculture

b)

Industry

c)

Service

d)

None of theses

42.

What is population density?

a)

An increase in the amount of people in one area.

b)

Population divided by the total area.

c)

The number of people in a geographic area.

d)

The pattern where people live.