1000 Best Indian Economy MCQs
Q129). One of the reasons for India’s occupational structure remaining more or less the same over the years has been that
a).investment pattern has been directed towards capital intensive industries
b).productivity in agriculture has been high enough to induce people to stay with agriculture
c).ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture
d).people are largely unaware of the significance of transition from agriculture to industry for economic development
Correct Answer:
investment pattern has been directed towards capital intensive industries
Explanation:
Q130). Gross domestic capital formation is defined as
a).flow of expenditure devoted to increased or maintaining of the capital stock
b).expenditure incurred on physical assets only
c).production exceeding demand
d).net addition to stock after depreciation
Correct Answer:
net addition to stock after depreciation
Explanation:
Q131). On July 12, 1982, the ARDC was merged into
a).RBI
b).NABARD
c).EXIM Bank
d).None of the above
Correct Answer:
NABARD
Explanation:
Q132). Which of the following is the most appropriate cause of exports surplus?
a).Country’s exports promotion value
b).Country’s stringent import policy
c).Developments in national and international markets
d).None of the above
Correct Answer:
Developments in national and international markets
Explanation:
Q133). If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
a).increase it
b).decrease it
c).no impact
d).None of the above
Correct Answer:
increase it
Explanation:
Q134). Which of the following items would not appear in a company’s balance sheet?
a).Value of stocks of raw materials held
b).Total issued capital
c).Revenue from sales of the company’s products
d).Cash held at the bank
Correct Answer:
Revenue from sales of the company’s products
Explanation:
Q135). The currency convertibility concept in its original form originated in
a).Wells Agreement
b).Bretton Woods Agreement
c).Taylors Agreement
d).None of the above
Correct Answer:
Bretton Woods Agreement
Explanation:
Q136). In the state of India, the State Financial Corporation have given assistance mainly to develop
a).agricultural farms
b).cottage industry
c).large-scale industries
d).medium and small-scale industries
Correct Answer:
medium and small-scale industries
Explanation: