Economy interview questions – page 2

India adopted the Five Year Plans from

1. America
2. England
3. Former USSR
4. France

Which of the following provides the largest part of the demand for loanable funds in India?

1. Corporate businesses
2. Hire purchase borrowers
3. Farmers
4. Private house purchasers

The most important source of capital formation in India has been

1. Corporate savings
2. Government revenue surpluses
3. Public sector savings
4. Household savings

The modern economy is not characterised by

1. capital intensive mode of production
2. self sufficient village system
3. producing for market
4. development of money economy

Present Industrial policy in India aims at

1. discourage the performance of the private sector units
2. accelerating the performance of mixed economy
3. promoting the private sector units
4. increasing the production of public sector units

One of the main factors that led to rapid expansion of Indian exports is

1. imposition of import duties
2. diversification of exports
3. recession in other countries
4. liberalisation of the economy

Who among the following is the President of FICCI?

1. A.C.Muthiah
2. S.Ramadorai
3. Sangita Reddy
4. J.J. Irani

Industrial Policy Resolution was first adopted in

1. 1948
2. 1949
3. 1950
4. 1951

When was Air Transport taken over by Government?

1. 1947
2. 1950
3. 1953
4. 1960

Which of the following organizations is directly responsible for administration and management of Indian Railways?

1. Parliamentary Convention Committee attached to Railway Ministry
2. National Transport Policy Committee
3. Ministry of Railways
4. Railway Board

Who is called the Father of Economics?

1. Adam Smith
2. Ricardo
3. J.M. Keynes
4. Malthus

Interest Rate Policy is a component of

1. Direct Control
2. Trade Policy
3. Monetary Policy
4. Fiscal Policy

Which of the following states has the lowest rate of literacy?

1. Bihar
2. Orissa
3. Rajasthan
4. Himachal Pradesh

To which of the following countries did Karl Marx belong?

1. Russia
2. France
3. Italy
4. Germany

India has

1. Socialistic economy
2. Gandhian economy
3. Free economy
4. Mixed economy

ISO -9000 certificate is a stringent quality control standard for electronic goods that is essential for any Indian exporter to compete in International markets. It is issued by the

1. British Standard Institution
2. Bureau of Indian Standards
3. U.N. Export Agency
4. None of these

Which of the following organisations has recently rated India as the sixth largest economy in the world?

1. Asian Development Bank
2. European Economic Community
3. International Monetary Fund
4. World Bank

India is more experiencing an annual rate of growth of prices which may be apply characterized as

1. Suppressed Inflation
2. Hyper Inflation
3. Normal Inflation
4. Stagflation

The inflation experienced in the country at present is

1. unrealistic inflation
2. cost-push inflation
3. secondary inflation
4. galloping inflation

Modern economy is one of

1. Planned economy
2. Open economy
3. Cash economy
4. Credit economy

Which of the following is the most important objective of Indian Planning?

1. Increasing per capita income
2. Reducing inequality of income and wealth
3. Increasing capital information
4. Reducing price instability

The largest source of saving in India since 1950 has been?

1. persons
2. companies
3. nationalised industries
4. all have contributed the same

In India which of the following measures of money denotes the Broad Money?

1. M2
2. M3
3. M4
4. M5

The most serious economic problems of India are

1. Unemployment, not poverty
2. Underdevelopment, not poverty
3. Stagnation, not poverty
4. Poverty and unemployment

Full form of BCCI is

1. Bank of Central Cooperation International
2. Bank of Credit and Commerce International
3. Bank of Commerce and Cooperative International
4. None of these

The Headquarters of United Nations Industrial Development Organisation is at

1. Vienna
2. Rome
3. Geneva
4. Washington D.C

GATT headquarters is located at

1. Hague
2. Washington
3. Paris
4. Geneva

Indian farmers insurance against crop failure is the process of one of the major methods of risks coverage by Indian farmers in

1. Relay cropping
2. Mixed cropping
3. Dry farming
4. Relay cropping

In India since Independence

1. the gap between the rich and the poor has been bridged
2. the magnitude of unemployment has decreased
3. the rate if savings and investment have gone up
4. poverty has been reduced