UCCC & SPBCBA & SDHGCBCA & IT

Question Bank - T.Y.B.COM. - EM (SEM-5)

Indian Economy: Recent Trends

questions Option1 Option2 Option3 Option4

National National
National Institution National
What is the full form of Institute of Industrial &
for Transforming Industrial
NITI AYOG ? Technology of Technical
India Territory of India
India Institution

When was NITI Aayog

1st January,2014 1st January 2015 1st July 2015 1st July,2014
established?

Who is the present Vice Mr. Arvind Dr. Manmohan Mr. Narendra
Dr. Rajiv Kumar
Chairman of NITI Aayog? Pangariya Singh Modi

Formation of NITI Ayog 26th January 15th August

26th January 2015 15th August 2015
was announced in : 2014 2014

Who is the first Vice Mr. Arvind Dr. Manmohan Mr. Narendra
Dr. Rajiv Kumar
Chairman of NITI Aayog? Pangariya Singh Modi

Planning Commission was

2015 2014 2012 2017
scrapped on :

Who amongst the

The Union The Prime The Finance
following is the Chair The President
Minister Minister Minister
person of NITI Ayog?

A group of people It is an body to

with authority It is a actively monitor
entrusted by the commission to and evaluate
NITI Aayog would mean: government to assist government implementation All of the these
formulate/regulate in both social and of government
policies concerning economic issues programmes and
transforming India initiatives
Which of the following is National
not a part of future plan of Five Year Plan Vision India Action Plan Development
NITI Ayog? Agenda

NITI Aayog
Which of the following is replaced: Parent Agency:
NITI Aayog head Narendra Modi:
not matched correctly National Government of
office: Delhi Chairman
about NITI Aayog? Development India
Council

NITI Aayog The NITI Aayog

National
Which of the following NITI Aayog was comes under the is a policy think
Institute of
statement is correct about Formed 25 January Ministry of tank of the
Technology of
the NITI Aayog? 2016 Commerce and Government of
India
Industry India

Lieutenant
Who of the following is the Chief Ministers
All Chief Ministers Governor of
part of Governing Council of Delhi and All of the these
of the states Andaman &
of NITI Aayog? Puducherry
Nicobar Island

NITI Ayog based on the

Pro-people Inclusion of all Transparancy All of the these
pillars of

Atal
What is the full from of Atal Invitation Atal Innovation Atal Invention
Introspection
AIM? Mission Mission Mission
Mission

Which was the last Five None of the

10th 11th 12th
year plan? these

Gross Value Gross Value of Gain Value

G.V.A. means Gross Value Added
Average Agriculture Addition
Arrange in the right order
Industry , Agriculture
the contribution of sectors Agriculture, Service, Industry,
Service, ,Service ,
to the GDP from highest to Industry, Service Agriculture
Agriculture Industry
lowest.

White Revolution is related

with which one of the Marine Dairy Oil seed Cement
following-

Indian economy today is :

I. Developing economy

III & IV only I & II I,II & III only I, II, III & IV
II. Emerging economy

III. Mixed economy

IV. Non-Agriculture
economy

Match the following

correctly

I NITI Ayog I
2017

II New Industrial II
2015 Policy I,II,III,IV II, IV, I, III II, III, I, IV II, I, III, IV

III 15th Finance III

1991 Commission
IV Competition Bill IV
2002

Green Revolution is
related with which one of Wheat Dairy Oil seed Marine
the following-

Blue Revolution is related

with which one of the Wheat Dairy Oil seed Marine
following-

There is co-
Both agriculture and Economy is
existence of
Mixed Economy means an industry are equally controlled by None of the
public sector
economy where: promoted by the military as well these
along with
state. as civilian rulers.
private sector.

Future Direct Further Direct Foreign Direct Fund for Direct

FDI stands for :
Investment Investment Investment Investment

Producing
Constant rate of Increase in
Import substitution means imported good Import ban
imports imports
domestically

Financial
FII helps to improve: Capital Market Equity capital innovation and All of the these
development

Internatinal Indian Monetary Internl Monetary None of the

IMF stands for.
Monetary Fund Fund Fund these

Devaluation of Indian
Rupee in terms of US 1991 2000 2019 1990
Dollar was in the year
 Minimum
Multinational Multinational None of the
MNCs Stands for number of
Commodities Corporation these
Commodities

What percentage of Indian

GDP is contributed by the 49% 61% 44% 50%
service sector.

Which sector is considered

None of the
as the work force of Indian Primary Secondary Tertiary
these
Economy?

MRTP Act is related to? Industry Service Agriculture Shoping

All international
All interactive All final goods None of the
GDP is the total values of goods and
goods and services and services these
services.

The best indicator of

Its gross Its per capita
economic development of Its agriculture Its transport
production income
any country is

In which year the UNDP

changed its methodology 2001 2011 2010 1991
for calculating HDI?

Find out the odd one from

the components of human Equity Creativity Empowerment Sustainability
development-
According to Human
Development Report -2019 129 131 126 130
India’s HDI rank is -

According to Human
Development Report –
Australia USA Sweden Norway
2019 which country stood
first in HDI?

Gross Gross Gender

What is the full form of Gender Equality
Empowerment Expenditure Empowerment
GEM? Measure
Measure Measure Measure

Which one of the following

Labour Market
is not included in the Health Empowerment Literacy rate
Participation
calculating GII?

Health,
Infant Mortality, Birth rate,
Health, Literacy rate Education &
Three indicators of HDI are Literacy & education &
& Empowerment Standard of
standard of living productivity
living

Who releases the Human World economic

World bank UNCTAD UNDP
Development Report? forum

Which three indicators

are used in the Human
Development Index
(HDI)?

Only I,II & IV Only I, II, & III Only I & II All of the these
I. Standard of living Only I,II & IV Only I, II, & III Only I & II All of the these

II. Education

III. Life expectancy

IV. Condition of
environment

Present
Sustainable use
generation
of natural
Which statement depicts It means optimal fulfills its needs
resources without None of the
the best definition of utilization of natural while considers
considering the these
sustainable development? resources. the needs of the
need of the future
future generation
generation.
as well.

When was the Gender

Inequality Index (GII) 2010 2011 1999 2005
introduced?

In which sector, industries None of the

Primary Secondary Tertiary
are included? these

The financial year in India

January June April October
starts from

Economic growth can be

GDP NDP Per capia income GNP
measured by:

The number of deaths of

children under one year of Toddler Neo-natal
Infant mortality rate Mortality rate
age per 1000 live births is mortality rate mortality rate
the:
 Which of the following Improvement in Improvement in
Improvement in
explains the term economic the technology distribution All of the these
production
development? involved system

What is the full form of Gender Inequlaity Gender Income General Income General
GII? Index Index Index Inequlity Index

1. Who establishes the Governor of

Finance Commission in President Finance Minister Prime Minister Reserve Bank of
India? India

How many Finance

Commissions have been 12 14 13 15
constituted so far?

Which of the following

article talks about the
Article 280 Article 275 Article 148 Article 240
formation of the Finance
Commission?

Who is the Chairman of

Arun Kumar Nandan
the 14th Finance Vijay Kelkar Y.V. Reddy
Mathur Nilakani
Commission?

Who is the Chairman of

Arun Kumar
the 15th Finance Vijay Kelkar Y.V. Reddy N.K.Singh
Mathur
Commission?

Which of the following

states got the highest share
in taxes by
Maharashtra Madhya Pradesh Uttar Pradesh Bihar
the 14th Finance
Commission
recommendation?
Which year's population
level is considered by
the 14th Finance
1991 2001 1971 1981
Commission while
deciding the share of
states?

Which factor got the

Fiscal Capacity Forest area in
highest priority in tax State's population Area of ​the state
Income Distance the state
distribution to the states?

Which year's population

level is considered by
the 15th Finance
1991 2001 1971 2011
Commission while
deciding the share of
states?

It has
recommended The highest tax
Which statement about th
The 14 Finance 42% share to component of
th Chairperson:
the 14 Finance Commission has a states in tax the tax collection
Y.V.Reddy
Commission is not correct? tenure of 2015-2020 collection of is given to
Central Maharashtra
government

Who among the following

recommends distribution of Finance
Prime minister Finance Minister President
taxes between the Union Commission
and State Govt?

The establishment of a
finance commission was
provided by the Indian
constitution by the
2 years 3 years 5 years 10 years
President within a period
of ______ of
commencement of the
constitution?
 The Chairman of Chairman of the
The first finance
Which of the following the 12th Finance 14th Finance
commission was None of these
statements is not correct? Commission was Commission was
constituted in 1951
C. Rangarajan Mr.Abhijit Sen

Recommendations of 14th
Finance Commission
2015-2020 2020-2025 2010-2015 2014-2019
covered which of the
following periods?

Article 280 of the Indian

Constitution deals with Election Finance Planning
Law commission
constitution of which of the commission Commission Commission
following commissions?

Recommendations of 15th
Finance Commission
2015-2020 2020-2025 2010-2015 2014-2019
covered which of the
following periods?

Which are the main criteria

considered by the 14th
Fiscal Capacity
finance commission while Population Forest Area All of the these
Income Distance
deciding the share of taxes
to the states?

Match the following

correctly

I Free and Compulsory I

2018 Education Act

II, I, IV & III I,II,III,IV II, IV, I, III II, III, I, IV

 II Mega Health II II, I, IV & III I,II,III,IV II, IV, I, III II, III, I, IV
2009 Insurance Policy

III Swachh Bharat III

2002 Mission

IV Sarva Shiksha IV
2014 Abhiyan

Which of the following 1 only 2 only Both are Correct Both are
statement/s regarding the incorrect
Finance Commission is/are
incorrect?
1. The recommendations of
the Finance Commission
can never be rejected by
the Government.
2. Finance Commission has
regained an important
significance in terms of its
role in Centre-state fiscal
relations after the
emergence of NITI Aayog.
Which are the main criteria
Not considered by the 14th
Fiscal Capacity Fiscal
finance commission while Population Forest Area
Income Distance Discipline
deciding the share of taxes
to the states?

MSME is defined under MSMED Act, MSME Act,

MSMED Act, 2006 MSME Act, 2001
which act? 1999 2004

In production sector, a
micro enterprise is an
enterprise where
Rs 10 lakh Rs 15 lakh Rs 20 lakh Rs 25 lakh
investment in plant and
machinery does not exceed
how much amount?

In production sector, a
small enterprise is an
enterprise where the
investment in plant and Rs 10 Crore Rs 5 Crore Rs 2 Crore Rs 3 Crore
machinery is more than Rs.
25 lakh but does not
exceed how much amount?

In service sector, a medium

enterprise is an enterprise
where the investment in
Rs 5 crore Rs 10 crore Rs 20 crore Rs 15 crore
equipment is more than Rs.
2 crore but does not exceed
how much amount?
In service sector, a small
enterprise is an enterprise
where the investment in
Rs 5 crore Rs 10 crore Rs 2 crore Rs 15 crore
equipment is more than Rs.
10 lakhs but does not
exceed how much amount?

Which of the following is

part of Small Industries Handicrafts Sericulture Handlooms All of these
Sector?

________ are also known

Cottage Agricultural
as Rural industries or Food industry None of these
Industries industry
Traditional industries

Small
Small Industries Small Institution Small Industries
Institution
Full form of SIDBI Development Bank Development Development
Development
of India Bank of India Branch of India
Branch of India

Minimum
Medium, Small Micro, Small &
Micro Scale & Standard for
Full form of MSME & Micro Medium,
Medium Enterprises Medium
Enterprises Enterprises
Enterprises

Small Scale Industries are Low Capital

Employment Aspect Decentralisation All of the these
important Output Ratio

Problems faced by SSI Marketing Finance Technology All of the these

Which of the following is

Nationalised State Finance
not provides Finance to NABARD SIDBI
Banks Corporation
SSI?
 All India
Whch of the following
The Central Silk All India Tea Handloom and
board is a part of SSI All of the these
Board Board Handicraft
products?
Board

Which of the following

Industrial Use of latent
statements is/are correct in As ancillaries unit All of the these
sickness resources
the context of SSI ?

Match the following

correctly

I MSMED ACT I
1986

II LPG Policy II
1996
III, IV, II, I I,II,III,IV III, IV, I, II II, III, I, IV

III Disinvestment
III 2006 Commission

IV Environment IV
1991 Protection Act

When was the Mudra Bank

2014 2015 2010 2019
established?
The Environment
(Protection) Act of India
1991 1980 1986 1996
was enacted in which of
the following year?

World Earth Day

22nd April 5th June 2nd October 4th July
Celebrated on

World Enviornment Day

22nd April 5th June 2nd October 4th July
Celebrated on

Pollution of water is
Oil refineries Paper factories Sugar mills All of the these
responsible for

Factor responsible for

environmental pollusion is/ Deforestation Industrialisation Urbanisation All of the these
are:

Which gas is the major

Carbon monoxide Oxygen Nitrogen Propane
pollutant of air?

Industrial Vehicular
Source of Air pollution: Energy use All of the these
prodcuction emission

Industries causing pollution Chemical Industry Oil refineries Polymer industry All of the these

The major causes of air Burning of coal Recycling of

Afforestation Deforestation
pollution include and petroleum paper

Which of the following is

Untreated
major source of water Industrial wastes Toxic metals All of the these
sewage
pollution?

Pillars of sustainable Protection of

Economic Growth Social progress All of the these
development: environment
Which of the following is
Hydrocarban
the major cause of Plants Fungi Man
gases
pollution?

The unfavourable alteration

of environment due to Ecological Ecological
Catastrophe Pollution
human activities is termed degradation disturbance
as:

World
World Population World Wildlife
5th June is observed as World Forest Day Enviornment
Day Day
Day

Which of the following

National Indian Council of
institution is set up for
Environment Forestry Research Only I Both I & II
protection of environment
Council and Education
?

Measures taken to Consere Legislative

Economic Measures Social Measures All of the these
and Protect Environment: Measures

Causes of enviornmental
degradation:
I. Rapid growth of
Only I Only II Both I & II None of them
population
II. Exploitation of Natural
resources

In which among the

following year was
‘liberalised industrial
1991 1995 1990 1992
policy’ in India was
announced for the first
time?
The economic reforms
were intended to take the
Indian economy into three LGP LPG LDG PLD
specific directions which
are

Liberalisation, Liberalisation, Liberalisation, Liberalisation,

LPG stands for Privatisation, Performance, Privatisation, Performance,
Globalisation Globalisation Growth Growth

Under the industrial policy

of 1991, the number of
industries reserved for the 8 6 3 5
public sector have been
reduced from 17 to

The main source of foreign Foreign direct None of the

Loans from abroad Both
capital in India is investment these

There are three industries

Defence
which are reserved for the Railway transport Electricity Atomic energy
equipment
public sector except

Inwards foreign direct Brings in

Brings in modern Brings in foreign
investment is useful management All of the these
technology exchange
because expertise
Balance of Payment (BOP)
is
I. Record of all external
transactions on capital
account in which a country
is involved over a period of
Only I Only II Both I & II None of them
time.
II. Record of all external
transactions on current
account in which a country
is involved over a period of
time.

Public Sector Private Sector Producing Sector None of the

PSU is
Undertaking Undertaking Undertaking these

Selling off the share of

public sector companies to
Amendments Disinvestment Dereservation Delicensing
the private individuals and
institutions is known as

Main organisation for

WTO WHO ILO IPP
facilitating globalisation

Steps taken towards Delicensing of Delicensing of Dereservation of

All of the these
liberalisation imports industries industries

Which of the following is

not one among the SAIL NTPC VSNL GAIL
Maharatnas PSU’s
The most urgent problem
which prompted the High tax rate
Poor performance Foreign
introduction of the New leading to tax All of the these
of public sector exchange crisis
Economic Policy in 1991 evasion
was

Increase
Reasons which highlight Reduce the cost by employment due Favour the Decline in
the importance to minimising to exit policy for objective of private
privatisation wastages sick public social welfare monopoly
enterprises

Removing barriers or
restrictions set by the liberalisation Free trade Favourable trade Investment
government is called:

Globalisation by Greater No competition

Lesser competition None of the
connecting countries leads competition between
among producers these
to: among producers producers

Food processing is an
example of ___ based Marine Agro Mineral Forest
industry.

Forest-based None of the

Cotton textile industry is a Agro-based industry Key industry
industry these

Savings and
Steel Authority of Steel Autonomy None of the
SAIL is Investment
India Ltd. of India Ltd. these
Liquidity
Which of the following is
NTPC SAIL TISCO ONGC
not a part of PSU

Development of
Which of th following is Over
Over staffing strong Over sized plant
NOT a problem of PSU capitalisation
Infrastructure

PSU given autonomy to: Maharatnas Navratnas Miniratnas All of the these

Causes of low profitibility Inefficiency of

Heavy Social Cost Labour unrest All of the these
of PSU management

Which Prime Minister is

also known as "Father of P.V. Narsimha Dr. Manmohan
Atal Bihari Bajpai Rajiv Gandhi
Indian Economic Rao Singh
Reforms"?

In Which sector Indian

Petroleum Defence
government allow 100% Telecome Insurance
refining production
FDI?

….is also called ‘sunrise’ Tele

Copper Plastic Jewellry
industry: communication

In Indian, liberal Industrial

Policy was adopted in the 1990 1991 2001 1985
year:

Indian industrial structure Trraditional Heavy and basic Sunrise

All of the these
is classified in Industries Industries Industries
Which of the following is
the correct statement for
industrial development in
India.
I. Rural india has been
found to ba ahead of urban
Inida Only I &II Only II & III I, II & III None of them
II. Industrial structure is
classified in three
catagories
III. Impressive growth rate
of industries during
planning period.

At present there are only

_________ industries for
18 5 10 9
which licensing are
compulsory.

Sailent features of Public Sector

Foreign Technology MRTP Act All of the these
industrial policy are: Policy

Which of the following

Secondary
sectors is the largest Primary Sector Tertiary Sector IT Sector
Sector
employer in India?

Which of the following is

the essentila resources for Financial
Natural resources Human resources All of the these
overall economic resources
development?
 Distributioin of
Size by the
Nature of different working Number of
Occupational structure working
occupation in the population workers living
refers to the population in the
economy among different in the country
industry
occupation

Which of the following Strucutral

Increase in per Increase in per
explain the term economic Change in the All of the these
capita real income capita production
grwoth? economy

A subsistence
Regulated
economy transferred
Structral changes of the economy convert None of the Both of the
into a
Indian economy means___ in to liberalized these above
manufacturing
economy
economy

Which one of the following

is the driving force of the Agriculture IT Industry Banking Insurance
service sector in India?

The motive of the public Social welfare None of the

Profit making Entertainment
sector enterprises is and security these

By increasing
By increasing the productivity of By providing
How do big private
demands for their the By increasing private hospital
companies contribute in the
products through manufacturing of their profits. facilities for the
development of a nation?
advertisements. industrial goods rich.
in the country .
The money value of all
final goods and services
Gross domestic Net domestic Production of
produced within a country National product
product product secondary sector
during a particular year is
called:

Goods are
Which of the following Natural products It includes
It generates produced by
types of activities are are changed agriculture,
services rather than exploiting
covered in the secondary through forestry and
goods. natural
sector? manufacturing. dairy.
resources.

Manufacturing sector is
Primary sector Secondary sector Tertiary sector Private sector
associated with

Who carries economic

Individuals Firms Government All the above
activities?

Number of
The economy is classified
Employment The nature of Ownership of workers
into public and private
conditions economic activity enterprises employed in the
sectors on the basis of :
enterprise

Which of the following is

Well diversified
Not the negative features of Regional Industrial
industial All of the these
industrial developoment in imbalances sickness
structure
India?