Indian Economy problems
- 1. The term stagflation refers to a situation where ?
Options- A. Growth has no relation with the change in prices
- B. Rate of growth is faster than the rate of price increase
- C. Rate of growth is slower than the rate of price increase
- D. Rate of growth and prices both are decreasing Also asked in: Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: Rate of growth is slower than the rate of price increase
Explanation:
Stagflation is a blend of stagnation (in economic growth) and inflation (rise in prices).
- 2. India has been ranked ___ in terms of competitiveness in the annual rankings compiled by Institute for Management Development.
Options- A. 45th
- B. 145th
- C. 107th
- D. 56th Discuss
Correct Answer: 45th
Explanation:
India has been ranked 45th, down four notches from last year, in terms of competitiveness in the annual rankings compiled by IMD which saw Hong Kong topping the list. US was ?pushed out? of the top three slots while Hong Kong consolidated its dominance of the annual rankings for the second year in the list compiled by the International Institute for Management Development?s (IMD) World Competitiveness Center.
- 3. Which of the following is the basic characteristic of Oligopoly ?
Options- A. a few sellers, many buyers
- B. many sellers, a few buyers
- C. a few sellers, a few buyers
- D. a few sellers, one buyer Also asked in: AIEEE, Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: a few sellers, many buyers
- 4. Patanjali and Reliance Jio has ranked _____ respectively, in Top 10 influencial Brands of India ?
Options- A. 4 & 9
- B. 3 & 10
- C. 2 & 1
- D. 5 & 6 Also asked in: Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: 4 & 9
Explanation:
Ramdev promoted Patanjali Ayurveda and Reliance Jio have featured among the top 10 most influential brand in India, according to a study by the global research firm Ipsos.
Home grown Patanjali and Mukesh Ambani?s controlled Reliance Jio have bagged the fourth and ninth position, respectively. Interestingly, Patanjali and Reliance Jio made an impressive entry as they did not figure in the previous edition of the study.
Besides, Google has been ranked at the top slot while Microsoft and Facebook were ranked at number two and three, respectively. State Bank of India (SBI) being the only financial institution that made to the list, moved up four ranks to take the fifth position. E-commerce player Flipkart dropped three spots to take the tenth place while Amazon climbed couple of steps to take the sixth place. Other companies that made to the list include Samsung (7th) and Airtel (8th).
- 5. In budget 2017-18, the fund allocation for Deen Dayal Upadhyay Gram Jyoti Yojana Scheme ?
Options- A. Rs. 6815 Crores
- B. Rs. 5550 Crores
- C. Rs. 4814 Crores
- D. Rs. 2115 Crores Also asked in: Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: Rs. 4814 Crores
- 6. Which sector of Indian Economy contributes largest to the Gross National Product
Options- A. Primary sector
- B. Secondary sector
- C. Tertiary sector
- D. Public Sector Discuss
Correct Answer: Tertiary sector
- 7. In the history of Indian population, Which duration period is referred to as ' a great leap forward '
Options- A. 1921 - 1931
- B. 1941 - 1951
- C. 1951 - 1961
- D. 1971 - 1981 Discuss
Correct Answer: 1951 - 1961
- 8. Which among the following is the exclusive jurisdiction of the State Government ?
Options- A. Sales Tax
- B. Custom Duty
- C. Income Tax
- D. Corporation Tax Discuss
Correct Answer: Sales Tax
- 9. Which is the highest form of unemployment in India?
Options- A. seasonal
- B. structural
- C. cyclical
- D. casual Discuss
Correct Answer: structural
Explanation:
Basically India's unemployment is structural in nature. It is associated with the inadequacy of the productive capacity to create enough jobs for all those able and willing in india. Not only is the productive capacity (largely capital stock) much below the needed quantity, it is also found to be increasing at a slow rate. As against this, additions to labour force are being made at a fast rate on account of rapidly rising population. Thus, the absolute level of unemployed persons is rising every year.
- 10. The Mid Day Meal Scheme has been launched by the Union Minister of
Options- A. Home Affairs
- B. Social Welfare
- C. Human Resource Development
- D. Rural Development Discuss
Correct Answer: Human Resource Development
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