MCQs
Total Questions : 150
| Page 3 of 15 pages
Answer: Option C. -> All of the above
Answer: (c)
Answer: (c)
Question 22. Consider the following statements :
- In the history of Indian planning, the actual growth rate of the GDP has never been higher than the targeted growth rate.
- In the first five year plan, the actual GDP growth rate was more than the targeted growth rate.
Answer: Option A. -> 2 only
Answer: (a)In the first Five Year Plan, the actual GDP growth rate was more than the targeted growth rate.
Answer: (a)In the first Five Year Plan, the actual GDP growth rate was more than the targeted growth rate.
Answer: Option A. -> sum total of factor incomes
Answer: (a)
National income is the sum total of wages, rent, interest, and profit earned by the factors of production of a country in a year.
Thus it is the aggregate values of goods and services rendered during a given period counted without duplication.
Answer: (a)
National income is the sum total of wages, rent, interest, and profit earned by the factors of production of a country in a year.
Thus it is the aggregate values of goods and services rendered during a given period counted without duplication.
Answer: Option A. -> Industrial state
Answer: (a)The philosophy of ‘Laissez-Faire’ is associated with industrial state. Laissez Faire - Abstention by Govt. from interfering in the working of free market.
Answer: (a)The philosophy of ‘Laissez-Faire’ is associated with industrial state. Laissez Faire - Abstention by Govt. from interfering in the working of free market.
Question 25. Consider the following statements about ‘World Happiness Report 2018’ released by United Nations in March 2018.
- India dropped 11 spots from its ranking in the previous year 2017.
- Finland with 1st rank is the happiest country.
- This report includes only 155 countries.
Answer: Option D. -> Only 1 and 2
Answer: (d)
Answer: (d)
Answer: Option A. -> 3 only
Answer: (a)
Answer: (a)
Answer: Option A. -> a greater proportion of the population is between age 20 and 30
Answer: (a)A greater proportion of the population is between age 20 and 30.
Answer: (a)A greater proportion of the population is between age 20 and 30.
Answer: Option C. -> Both the base year and calculation method have been changed
Answer: (c)
Answer: (c)
Answer: Option A. -> private and public sector
Answer: (a)
The concept of a mixed economy evolved from the ideas of Keynes. The concept of a mixed economy means that both private enterprises and public enterprises coexist.
However, the condition attached is that the private enterprises must work for serving society rather than having only self-interest. Further, private enterprises may not be allowed in every sector of the economy like an area of national importance.
There are 3 types of economic systems:-
Capitalism - the private ownership of the means of production (capital) and a market economy for coordination. As-corporate capitalism
Mixed Economy Example - American school, Japanese system, Nordic model, Social corporatism etc
Socialism - In this economic system, two coordinating mechanisms (planning and market) are suspended into a planned socialist and market socialist systems.
Answer: (a)
The concept of a mixed economy evolved from the ideas of Keynes. The concept of a mixed economy means that both private enterprises and public enterprises coexist.
However, the condition attached is that the private enterprises must work for serving society rather than having only self-interest. Further, private enterprises may not be allowed in every sector of the economy like an area of national importance.
There are 3 types of economic systems:-
Capitalism - the private ownership of the means of production (capital) and a market economy for coordination. As-corporate capitalism
Mixed Economy Example - American school, Japanese system, Nordic model, Social corporatism etc
Socialism - In this economic system, two coordinating mechanisms (planning and market) are suspended into a planned socialist and market socialist systems.
Answer: Option B. -> 1975
Answer: (b)
The Twenty Point Programme was initially launched by Prime Minister Indira Gandhi in 1975 and was subsequently restructured in 1982 and again in 1986. With the introduction of new policies and programmes, it has been finally restructured in 2006 and it has been in operation at present.
The basic objective of the 20-Point Programme is to eradicate poverty and to improve the quality of life of the poor and the underprivileged population of the country.
Answer: (b)
The Twenty Point Programme was initially launched by Prime Minister Indira Gandhi in 1975 and was subsequently restructured in 1982 and again in 1986. With the introduction of new policies and programmes, it has been finally restructured in 2006 and it has been in operation at present.
The basic objective of the 20-Point Programme is to eradicate poverty and to improve the quality of life of the poor and the underprivileged population of the country.