INDIAN ECONOMIC POLICY & PLANNING - Study For Buddies

Friday, June 4, 2021

INDIAN ECONOMIC POLICY & PLANNING

F.Y B.COM
SEMESTER - 2

INDIAN ECONOMIC POLICY & PLANNING
(IEPP)
MCQS

1. AGMARK is:

a) cooperative for egg production
b) regulated agricultural market
c) farmers cooperative 
d) Quality guarantee stamp for agricultural & allied commodities

2. Cooperative Credit Societies Act, was enacted in the year:

a) 1914 
b) 1904 
c) 1924 
d) 1934

3. The Food Corporation of India was established on:

a) 01.01.1965 
b) 01.06.1960 
c) 01.01.1966 
d) 01.01.1970

4. Generally an economy is considered under developed if:

a) The production techniques are backward
b) Agriculture is the main occupation of the people and productivity in agriculture is quite low
c) Neither (a) nor (b) 
d) Both (a) and (b)

5. The share of agriculture in country’s national income has ______ over the years.

a) Decreased
b) Increased
c) Remain constant
d) Varied

6. The area under irrigation has ________ over the years.

a) Decreased
b) Increased
c) Remain constant
d) Varied

7. The Green Revolution is also known as:

a) Pulses Revolution
b) Milk Revolution
c) Mangoes Revolution
d) Wheat Revolution

8. Economic Growth is......

a) A long run & continuous process when the national income & per capital income increases over time
b)  A short run & continuous process when national income and per capital income increases over time
c) A long run process when national income and per capital income Decreases over time 
d) A long run and continuous process when the national income and per capital income decreases over time 

9. Developing Economy refers to...

a) Those economies, which is developed. b) Those economies, which developed.
c) Those economies, which are fully developed nor under developed.
d) Those economies, which is developed.

10. “IFCI” stands for: 

a) Industrial Food Corporation of India 
b) Intellectual Fertility Council indonesia
c) Industrial Fertilizer Committee India
d) Industrial Finance Corporation India

11. Green Revolution gets a kick-start with 

a) Intensive Agro-District Programme in 1960-1961
b) Opening of 19 Central Land Development Banks
c) Formation of National Agriculture Co-operative Marketing Federations
d) All of the above

12. NABARD was established in: 

a) July 1980
b) July 1982
c) December 1980
d) December 1982

13. Following are the Central Organizations for Irrigation except...

a) The Central Water Commission
b) The Central Board of irrigation and power
c) The Central Board of Power and Fuel 
d) The Central Water and Power research stations

14. NABARD has now taken up the functions of.......

a) Regional Rural Banks
b) Agricultural Refinance and Development Corporation
c) Refinancing activities of RBI in respect of co-operative banks
d) All of the above

15. If the rate of growth of population is greater than the rate of growth of national income, per capital income

a) Rises 
b) Remains same 
c) Falls 
d) Can't Say

16. Which of the following is the apex bank for agriculture credit in India?

a) RBI 
b) NABARD 
c) IDBI 
d) ICICI

17. Which of the following statements is correct?

a) Nearly 5% population of India is below poverty line.
b) Agriculture occupies 10% population of India.
c) The production techniques are backward
d) None of the above

18. Agriculture sector faces the problem of.......

a) Inadequate and incomplete land reforms
b) Inadequate finance
c) Slow and uneven growth 
d) All of the above

19. Over the time in a country, changes in the average standard of living are measure by.....

a) real per capital income 
b) real wage rates
c) money incomes 
d) share of labour in income

20. A growing country is one with:

a) rising GNP at constant prices 
b) rising GNP at current prices
c) constant GNP at constant prices
d) none of the above

21. Per capital income rises when:

a) GNP and population both increases at the same rate
b) GNP and population both decrease
c) GNP increase faster than population
d) GNP increases slower than population

22. For a study of the long term growth of the economy we use:

a) real GNP
b) money GNP 
c) personal GNP
d) Disposable income

23. The true index of economic growth is.....

a) an increase in the per capita income at constant prices
b) an increase in the national income at constant prices
c) an increase in the gross domestic product at constant prices
d) an increase in the gross domestic product at current prices

24. An accounting year in India is a...

a) fiscal year 
b) calendar year
c) leap year 
d) saka year

25. Which of the following is not one of the main aims of Land Reforms in India?

a) State controls the means of production
b) To redistribute agriculture land in favour of the less privileged classes
c) To make more rational use of the scarce land resource
d) None of the above

26. Land Reforms provide.....

a) Finance for setting up tube-wells
b) incentives and encouragement to land owners
c) Incentives and encouragement to actual tillers 
d) None of the above

27. Land Development banks provide credit to farmers for:

a) Long term needs 
b) Medium term needs
c) Short term needs 
d) Very short term needs

28. The scope of land reforms does not include.......

a) Housing loans to farmers
b) Cooperative farming
c) Consolidation of land holdings
d) It includes all of the above

29. Small scattered and fragmented land holdings....... 

a) Increase productivity
b) Improve productivity
c) Reduce productivity 
d) Increase labour efficiency

30. Land Reforms in India are require because......

a) Output level will undoubtedly rise
b) Under present arrangements fairness have little incentive to improve productivity
c) There is grave in equality in distribution of land 
d) Both b) & c) above

31. The basic purpose of introducing land reforms has been adversely affected due to.......

a) Poor Implementation
b) Shortcomings in Legislation
c) Neither a) nor b) above 
d) Both a) & b) above

32. Land Reforms refer to which of the followings.......

a) Tenancy Reforms 
b) Ceilings on Land Holdings
c) Abolition of Intermediaries 
d) All a), b) & c) above

33. What is IRDP?

a) Integrated Rural Development Programme
b) Industrial Ruling & Developing Programme
c) India’s Rural Development Programme
d) India’s Rain Drop Programme

34. At present, the largest source of national income in India is ______

a) Service sector 
b) Agriculture sector 
c) Trade 
d) Secondary sector

35. Capital formation is defined as ________

a) increase in savings
b) increase in income
c) increase in demand
d) addition to the stock of capital

36. Which of the following comes under plantation crop?

a) wheat 
b) pulses 
c) coffee 
d) vegetables

37. Long term unemployment comes in _______

a) HDI 
b) GDI
c) HPI - 1 
d) HPI - 2

38. Which development index does not consider income as one of the component?

a) HDI 
b) PQLI 
c) RPCI 
d) GDI

39. Infant mortality rate is one of the components of _________

a) HDI 
b) HPI - 1
c) PQLI 
d) GDI

40. In the construction of HDI, the income level is adjusted with ______

a) exchange rate 
b) purchasing power parity
c) wholesale price index 
d) consumer price index

41. Which of the following index measures level of deprivation _______

a) PCI 
b) PQLI 
c) HDI 
d) HPI

42. Which of the following captures gender inequality? 

a) HDI 
b) HPI 
c) GEM
d) GDI  
 
43. Which of the following captures gender opportunities? a

a) GDI
b) HPI 
c) GEM
d) HDI

44. P3 is associated with 

a) GDI
b) HPI
c) HDI
d) PQLI

45. Gross combined enrollment ratio gets the weight in constructing educational index.

a) 1/2 
b) 2/3
c) 1/3
d) 3/3

46. In green Index, the no. of components are __________

a) 2
b) 3 
c) 4 
d) 5

47. Economic development is a _______

a) continuous & long term process 
b) sudden & spontaneous process
c) continuous rise in material production
d) continuous rise in PCI

48. Sustainable development takes care the generations of ______

a) present 
b) future 
c) past 
d) present & future

49. Demographic transition depends on _________

a) deaths 
b) birth of children 
c) birth & death rates 
d) life expectancy

50. In which year Indian Council of Agricultural Research was set up

a) 1965 
b) 1960 
c) 1963 
d) 1958

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