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Total Questions : 150 | Page 13 of 15 pages
Question 121. The World Investment Report (WIR) is published by
  1.    General Agreement on Tariffs on Trade (GATT)
  2.    International Monetary Fund (IMF)
  3.    Organisation of Economic Cooperation and Development (OECD)
  4.    United Nations Conference on Trade and Development (UNCTAD)
 Discuss Question
Answer: Option D. -> United Nations Conference on Trade and Development (UNCTAD)
Answer: (d)
Question 122. The first measure of India’s National Income was made by
  1.    Dadabhai Naoroji
  2.    William Digby
  3.    V.K.R.V. Rao
  4.    M.G. Ranade
 Discuss Question
Answer: Option A. -> Dadabhai Naoroji
Answer: (a)
Question 123. The reason in difference between GNP and GDP is
  1.    Net Foreign Investment
  2.    Gross Foreign Investment
  3.    Net Exports
  4.    Net Factor Income from abroad
 Discuss Question
Answer: Option D. -> Net Factor Income from abroad
Answer: (d)
NIFA = GNP - GDP
NIFA: refers to the net flow of property income to and from the rest of the world plus the net flow of compensation of employer.
Question 124. Economic Survey in India is published by
  1.    Planning Commission
  2.    Ministry of Finance
  3.    Indian Statistical Institute
  4.    Ministry of Commerce
 Discuss Question
Answer: Option B. -> Ministry of Finance
Answer: (b)
Question 125. The existence of a parallel economy or black money
  1.    makes the monetary policies less effective
  2.    makes the economy more competitive
  3.    ensure a better distribution of income and wealth
  4.    ensure increasing productive investment
 Discuss Question
Answer: Option A. -> makes the monetary policies less effective
Answer: (a)
The existence of a parallel economy or black money makes the monetary policies less effective.
A parallel economy, based on black money or unaccounted money, causes high circulation of money in the market and thus causes inflation etc.
Black Money - Black Money is the proceeds of an illegal transaction on which income and other taxes have not been paid and which can only be legitimised by some form of Money Laundering
Question 126. Which of the following is definitely a major indication of the state of the economy of a country?
  1.    Rate of inflation
  2.    Rate of GDP growth
  3.    Number of banks in a country
  4.    None of these
 Discuss Question
Answer: Option B. -> Rate of GDP growth
Answer: (b)Rate of GDP growth is a major indication of the state of the economy of a country. Economic growth is the increase in the market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in gross domestic product.
Question 127. From which one of the following enshrined in the constitution, the planning of India derives its objectives and social premises?
  1.    Fundamental Duties
  2.    Fundamental Rights
  3.    Directive Principles of State Policy
  4.    None of the above
 Discuss Question
Answer: Option C. -> Directive Principles of State Policy
Answer: (c)
The planning of India derives its objectives and social premises followed by the Directive Principles of State Policy. The Directive Principles of State Policy are guidelines to the central and state governments, to be kept in mind while framing laws and policies.
These provisions, contained in Part IV of the Constitution of India, are not enforceable by any court, but the principles laid down therein are considered fundamental in the governance of the country.
Question 128. Consider the following statements in regards to ‘poverty line’:
  1. The International Poverty Line according to World Bank is US $ 1.90/day/person based on PPP (Purchasing Power Parity).
  2. Planning Commission of India has defined poverty line based on intake of calories and is different for rural and urban areas.
Which of the statements given above is/are correct?
  1.    1 and 2
  2.    2 only
  3.    1 only
  4.    None
 Discuss Question
Answer: Option C. -> 1 only
Answer: (c)In India, poverty line is identified in monetary units as the level of income or consumption expenditure required in order to avoid poverty.
Question 129. Consider the following statements:

  1. Kerala had highest HDI in 2012.

  2. It was around 0.92 in the year 2012 for achieving highest literacy rate, quality health services and consumption expenditure of people.


Which of the statements given above is/are correct?
  1.    1 and 2
  2.    2 only
  3.    1 only
  4.    None
 Discuss Question
Answer: Option A. -> 1 and 2
Answer: (a)
The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income used to rank states.
Among the given states, Kerala was having the highest Human Development Index around 0.92 in the year 2012 for achieving the highest literacy rate, quality health services and consumption expenditure of people.
Question 130. Consider the following statements:
  1. As per the 15th edition of the report: “Women and Men in India” published by CSO West Bengal, recorded highest sex ratio in 110 years.
  2. Bengal’s sex ratio 1050 is at its highest since 1901.
Which of the statements given above is/are correct?
  1.    1 and 2
  2.    2 only
  3.    1 only
  4.    None
 Discuss Question
Answer: Option C. -> 1 only
Answer: (c)As per the latest report by Central Statistics Office (CSO), West Bengal recorded highest sex ratio in 110 years. As per the 15th edition of the report “Women and Men in India” published by CSO, Bengal’s sex ratio 949 is at its highest since 1901.

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