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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