Chapter 10 Indian Economy Quiz CA Foundation Chapter 10 Indian Economy Quiz 1 1 / 20 If a non-profit establishment is transformed into a profit-acquiring company, the procedure would be stated as: Dematerialization Rematerialization Demutualization Decentralization 2 / 20 Which among the below mentioned option states the financial accounting time of the Reserve Bank of India? April to March From January to December Extending between September to August July-June 3 / 20 How is the CD ratio defined in the field of Banking strategies? Cash Deposit Ratio Credit Debit Ratio Cash Debt Ratio Current Debt cumulative proportion 4 / 20 The correct term among the mentioned revolutions that properly corresponds to ‘fertilizers’ is? Silver Revolution Grey revolution Golden Revolution Pink Revolution 5 / 20 Which of the mentioned properties is applied by the Indian Banks as a fundamental benchmark to calculate the Indian currency loans and credits? Rate of interest of Bank Rate of interest according to the base The rate of MCLR The interest according to the repo 6 / 20 The criteria for defining the poverty line primarily depends on the factor of? Condition of living and accommodation The type and criteria of employment Expenditure required for the acquisition of goods and associated resources Literacy level 7 / 20 The term Capital is defined as the financial wealth of? Which is further utilized in the generation of wealth Wealth is stored and saved inside storage and lockers The wealth that is kept for the sake of property The wealth that is saved and kept for future utilization 8 / 20 The elasticity of demand is the condition of demand to? Increase or decrease on the change of price Elevation of the increase in price Reduction condition of the decreased levels of price Fixed constant condition of requirement and demand on conditions of increase and decrease in prices 9 / 20 An uncontrolled increase in Population rate of population explosion in a nation points towards? Increased birth rate and the elevated death count Elevated birth rate and the decreased death count Low birth count and increased death rate decreased birth rate and elevated death stats 10 / 20 Which among the below mentioned can be stated as the primary goal of ATAL Incubators? To encourage creativity To instil and grow the sense of entrepreneurship To develop industries To enhance product development and quality 11 / 20 The Gini coefficient is a commonly used measure of the degree of inequality in an income distribution. Which among the following statements will be true for a Gini Coefficient of 1? Income is distributed equally. All the income is received by the top 20% of the income distribution. The income is split equally between the top 20% and the rest of the distribution. One family has all the income and everyone else has nothing. 12 / 20 Which among the following international bodies have established the Poverty Reduction Growth Facility to help the low income countries? International Monetary Fund World Bank Asian Development Bank International Development Association 13 / 20 Which among the following statement is NOT correct about the Reserve Bank of India? RBI resumes the responsibility of meeting directly all the reasonable demands for accommodation RBI holds the Cash Reserves of the Banks RBI is an organ of the Government of India RBI is responsible for all banking operations of the State Governments 14 / 20 Which among the following is the correct definition of Real Burden of Tax? The reduction in the disposable income to the tax payers Amount of tax being paid by the taxpayers to the authorities Additional expenses incurred by the taxpayers, in addition to the amount paid to the authorities The Loss of the welfare to the taxpayers and the community as a whole 15 / 20 Which of the following committee is known to lay the foundation for induction of Computer Technology in the Indian Banking Sector ? Abid Hussein Committee Dr. Rangarajan Committee Narsimham Committee Vijay kelker Committee 16 / 20 To which of the following sectors largest allocation in the Seventh Five- Year Plan was given? Agriculture Transport Education Energy 17 / 20 “Gresham’s Law” in Economics relates which of the following? Supply and demand Circulation of currency Consumption and supply Distribution of goods and services 18 / 20 Which of the following markets enable new issues of equity and debt to be traded? Secondary markets Discount markets Primary capital markets Gilt repo market 19 / 20 In India, which is the largest single item of current government expenditure? Investment in social overhead Defence Expenditure Interest payment of debt Payment of subsidies 20 / 20 KYC guidelines have been issued under which section of Banking Regulation ACT 1949? Section 35 A Section 45 SECTION 36 A Section 123 B Your score isThe average score is 49% 0% Restart quiz CA Foundation Chapter 10 Indian Economy Quiz 2 1 / 20 Which of the following is among the reasons for disguised unemployment in rural areas? Choice of a heavy industry model for economic development Low levels of technological development in the country Heavy pressure of population along with half-hearted implementation of agrarian reforms High illiteracy rates 2 / 20 DadaSaheb Phalke Award is given for outstanding contribution in which of the following fields? Cinema Literature Music Medicine 3 / 20 How many forms are taken by sinking of fund retirement? One form Two forms Three forms Ten forms 4 / 20 When was Self Help Group introduced in India? 1996 2000 1980 1992 5 / 20 Which nationalised bank was merged with Punjab National bank in 1993? Punjab and Sind Bank Ludhiana Area bank Majha united bank New Bank of India 6 / 20 In which year, Joseph Stiglitz received the Nobel Memorial Prize in Economic Sciences? 2006 2007 2008 2005 7 / 20 What is subtracted from personal income to get personal disposable income? Indirect taxes Direct taxes subsidies None of the above 8 / 20 Balathal is an archaeological site located in: Gujarat Rajasthan Maharashtra Jammu & Kashmir 9 / 20 One Astronomical Unit is the average distance between which of the following bodies? Earth and the Sun Earth and the Moon Jupiter and the Sun Pluto and the Sun 10 / 20 One of the important goals of the economic liberalisation policy is to achieve full convertibility of the Indian rupee. This is being advocated because? convertibility of the rupee will stabilize its exchange value against major currencies of the world it will help promote exports it will attract more foreign capital inflow in India it will help India secure loans from the world financial markets at attractive terms 11 / 20 Which of the following states has per hectare highest consumption of fertilizers in India? Gujarat Punjab West Bengal Bihar 12 / 20 What is Silviculture? Science of growing silk worms Science of bee rearing Science of forest farming None of the above 13 / 20 When was the Imperial Council of Agricultural Research established? 1944 1929 1925 1935 14 / 20 Which organization maintains buffer stock in India? FCI IFFC FICCI IBC 15 / 20 Which type of crop production is provided the help of geo-informatics under Project Chaman? Cash Crops Food crops Plantation Horticulture 16 / 20 Which is the largest consumer goods exporting country in the world? China USA Japan Germany 17 / 20 When was Bharat Stage emission norms introduced? 2000 1998 1994 1997 18 / 20 Which city is called Manchester of south India? Chennai Coimbatore Hubli Salem 19 / 20 Which category of the industries under the Industrial policy of 1956 allowed private along with the Public sector? Category A Category B Category C Category D 20 / 20 Which state has the highest number of buffalos in India? Madhya Pradesh Uttar pradesh punjab Tamil Nadu Your score isThe average score is 49% 0% Restart quiz CA Foundation Chapter 10 Indian Economy Quiz 3 1 / 20 What is India’s rank in the world in Egg Production? First Second Third Fourth 2 / 20 The Ministry of Road Transport & Highways is divided into how many wings? 4 3 6 9 3 / 20 What is the minimum maturity term for a Certificate of deposit issued by a Financial Insitutions ? 1 year 6 months 15 days 3 years 4 / 20 Which government department contributed the maximum to the extramural R&D? Department of Science and Technology Department of Biotechnolgy Department of Space Department of Atomic Energy 5 / 20 What is a consumer cooperative store? It is owned by cooperatives It is owned by consumers It is owned by government None of the above 6 / 20 If the average revenue is a horizontal straight line, what will be the marginal revenue? U shaped Kinked Identical with average revenue L shaped 7 / 20 What is the percentage of methane in natural gas? 65 75 85 95 8 / 20 Which oil company owns Servo lubricants? IOCL HPCL ONGC RIL 9 / 20 In which year the National Investment Fund was restructured for the first time? 2013 2009 2010 2008 10 / 20 In which year General Insurance company(GIC) was founded? 1970 1986 1980 1972 11 / 20 What is the main purpose of devaluation? encourage imports encourage exports encourage both exports and imports discourage both exports and imports 12 / 20 In the context of capital markets, what does the abbreviation ‘FPO’ stand for? Free Public Offer First Portfolio Operation Follow-on Public Offer First Public Offer 13 / 20 When was the new agricultural strategy introduced in India? 1956 1966 1976 1986 14 / 20 Which of the following tax is levied by the Center and not shared with the states? Sales Tax Excise Duty Corporation Tax Income Tax 15 / 20 What is the name of the portal launched by the Labour ministry to maintain a database of 38 crore workers in the unorganised sector? Madad Portal Shram Suvidha Portal SAMADHAN Portal e-SHRAM Portal 16 / 20 Who takes most of the important decisions regarding savings and loan activities in SHGs? President of Self Help Group Leader of Self Help Group Members of Self Help Group No option is correct 17 / 20 Which of the following is not a dimension of Human Development Index? Life expectancy Knowledge Social status Standard of living 18 / 20 What is subtracted from GNP to get NNP? Depreciation Interest Tax Subsidy 19 / 20 When was the priority given in the second plan? Agriculture Services Heavy Industry Foreign Trade 20 / 20 What is the official agency responsible for estimating national income in India? Indian Statistical Institute Reserve Bank of India Central Statistical Organisation National Council for Applied Economics and Research Your score isThe average score is 44% 0% Restart quiz CA Foundation Chapter 10 Indian Economy Quiz 4 1 / 20 What is the national income called? GNP at Factor Cost GNP at Market Price NNP at Factor Cost NNP at Market Price 2 / 20 What is the main difference between Gross Domestic Product (GDP) and Gross National Product (GNP)? Transfer payments Net foreign income from abroad Capital consumption allowance Capital gains 3 / 20 A closed economy is what? Does not trade with other countries Does not possess any means of international transport Does not have a coastal line Is not a member of the U.N.O. 4 / 20 Which of the following is not an objective of the monetary policy of the Reserve Bank of India? Boost economic development Direct cred[it in a desirable direction Control inflationary pressure Ensure social justice 5 / 20 Which panel set up by the Government of India suggested complete control of the sugar industry? Ram Sevak Panel Rangarajan Panel Radhe Shyam Panel Sri Krishna Panel 6 / 20 Which of the following is not a direct tax? Income tax Wealth tax Corporate tax None of these 7 / 20 Which of the following is not taken into account for estimating national income? Services of a personal secretary Services of a housewife Services of a car driver services of tourist guide 8 / 20 What is the most appropriate cause of inequalities in income? Racial factors Lack of opportunities Inheritance from family Environment Differences in Ability 9 / 20 The hypothesis that a rapid increase in per capita income will be linked to a reduction in poverty is called? trickle-down Hypothesis trickle-up hypothesis U shaped hypothesis poverty estimation hypothesis 10 / 20 A ‘market economy’ is what? is controlled by the Government is free from the Government control in influenced by international market forces All of these 11 / 20 Which among the following country is not a part of TAPI pipeline? Pakistan India Afganistan Tajikistan 12 / 20 What is India’s rank in terms of aviation market size? 4 6 3 7 13 / 20 Which among the following is a type of transport infrastructure?1.Highways2.Railways3.Canals4.SeaportChoose the correct option from the choices given below: 1,2 and 3 2,3 and 4 1 and 4 All of the above 14 / 20 Education, health, and housing are related to which field? Manufacturing Infrastructure Construction Insurance 15 / 20 What is India’s rank in the world bank’s Logistics performance Index? 32 44 28 40 16 / 20 When the output is equal to zero, what is the variable cost? constant zero minimum maximum 17 / 20 What is Capacity Utilization? is usually near 100 percent. represents the percent of the labour force that is employed. is a measure of the proportionality of the existing capital stock used for current production. rises as the economy moves into a recession, since firms must replace unemployed workers with some other resources to maintain production. 18 / 20 What can improve the competitive position of a company? increasing the selling price reducing the margin of profit ignoring competitors understanding and fulfilling customers needs 19 / 20 In which year Chernobyl nuclear disaster took place? 1986 1988 1984 1990 20 / 20 Which is the largest nuclear power plant in India? Tarapur Kudankulam Kalpakkam Kakrapar Your score isThe average score is 50% 0% Restart quiz
