Indian Economy GK Questions 1


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Indian Economy GK Questions

[1] With reference to a grouping of countries known as BRICS, consider the following statements:

[1] The First Summit of BRICS was held in Rio de Janeiro in 2009.

[2] South Africa was the last to join the BRICS grouping.

Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

 

[2] Which of the following organizations brings out the publication known as ‘World Economic Outlook’?

[A] The International Monetary Fund

[B] The United Nations Development Programme

[C] The World Economic Forum

[D] The World Bank

 

[3] Consider the following liquid assets:

[1] Demand deposits with the banks

[2] Time deposits with the banks

[3] Savings deposits with the banks

[4] Currency

The correct sequence of these assets in the decreasing order of liquidity is

[A] 1-4-3-2

[B] 4-3-2-1

[C] 2-3-1-4

[D] 4-1-3-2

 

[4] The endeavor of ‘Janani Suraksha Yojana’ Programme is

[1] to promote institutional deliveries

[2] to provide monetary assistance to the mother to meet the cost of delivery

[3] to provide for wage loss due to pregnancy and confinement

Which of the statements given above is/are correct?

[A] 1 & 2 Only

[B] 2 Only

[C] 3 Only

[D] 1, 2, & 3

 

[5] Despite having large reserves of coal, why does India import millions of tonnes of coal?

[1] It is the policy of India to save its own coal reserves for the future, and import it from other countries for the present use.

[2] Most of the power plants in India are coal-based and they are not able to get sufficient supplies of coal from within the country.

[3] Steel companies need a large quantity of coking coal which has to be imported.

Which of the statements given above is/are correct?

[A] 1 Only

[B] 2 & 3 Only

[C] 1 & 3 Only

[D] 1, 2, & 3

 

[6] Consider the following actions which the government can take:

[1] Devaluing the domestic currency.

[2] Reduction in the export subsidy.

[3] Adopting suitable policies that attract greater FDI and more funds from FIIs.

Which of the above action/actions can help in reducing the current account deficit?

[A] 1 and 2

[B] 2 and 3

[C] 3 only

[D] 1 and 3

 

 

[7] With reference to “Aam Adami Bima yojana’’ consider the following statements?

[1] The member insured under the scheme must be the head of the family or an earning member of the family in a rural landless household.

[2] The member insured must be in the age group of 30 to 65 years.

[3] There is a provision for free scholarship insured who are studying between classes 9 and 12.

Which of the statements given above is/are correct?

[A] 1 only.

[B] 2 and 3 only.

[C] 1 and 3 only.

[D] 1, 2, and 3.

 

 

[8] Which one of the following was not stipulated in the Fiscal Responsibility and Budget Management Act, 2003?

[A] Elimination of revenue deficit by the end of the fiscal year 2007-08

[B] Non-borrowing by the central government from the Reserve Bank of India except under certain circumstances

[C] Elimination of the primary deficit by the end of the fiscal year 2008-09

[D] Fixing government guarantees in any financial year as a percentage of GDP

 

[9] Consider the following statements.

[1] Between Census 1951 and Census 2001, the density of the population of India has increased more than three times.

[2] Between Census 1951 and Census 2001 the annual growth rate [exponential] of the population of India has doubled.

Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

 

 

[10] The concept of carbon credit originated from which one of the following?

[A] Earth Summit, Rio de Janeiro

[B] Kyoto Protocol

[C] Montreal Protocol

[D] G- 8 Summit, Heiligendamm

 

 

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