Structure of the Indian Economy (Civil Service Examination), Questions and Answers, GK for UPSC, Bank PO & All Exams

1. The economic crisis in the later half of 1990s most seriously affected Indonesia, Thailand, Malaysia and South Korea. The cause of the crisis was: [1999]

a. mismanagement of the financial resources and financial sector, in general

b. the prolonged over-valuation of local currencies vis-vis the western currencies

c. the downswing and recession in the western economies which earlier provided export market oriented countries

d. none of these

2. A consumer is said to be in equilibrium, if: [1998]

a. he is able to fulfill his need with a given level of income

b. he is able to live in full comforts with a given level of income

c. he can fulfill his needs without consumption of certain items

d. he is able to locate new sources of income

3. Assertion (A): Fiscal deficit is greater than budgetary deficit. Reason (R): Fiscal deficit is the borrowing from the Reserve Bank of India plus other liabilities of the Government to meet its expenditure. [1999]

a. Both A and R are true and R is the correct explanation of A

b. Both A and R are true but R is not a correct explanation of A

c. A is true but R is true

d. A is false but R is true

4. Assertion (A): According to statistics, more female children are born each year than male children in India.
Reason (R): In India, the death rate of a male child is higher than that of the female child. [1999]

a. Both A and R are true and R is the correct explanation of A

b. Both A and R are true but R is not a correct explanation of A

c. A is true but R is true

d. A is false but R is true

5. Among which one of the following sets of social/religious groups is the extent of poverty the highest, as per Government statistics for the nineties? [1999]

a. Muslims in Kerala, Gujarat and A.P.

b. Tribals in Bihar, Orissa, M.P. and Maharashtra

c. Scheduled Caster in Punjab, Western UP, Northern Rajasthan and Tamil Nadu

d. Christians in Gujarat, Maharashtra and Assam

6. National Income is: [1997]

a. Net National Product at market price

b. Net National Product at factor cost

c. Net Domestic Product at market price

d. Net Domestic Product at factor cost

7. In India, inflation is measured by the: [1997]

a. Wholesale Price Index number

b. Consumers Price Index for urban non-manual workers

c. Consumers Price Index for agricultural workers

d. National Income Deflation

8. Consider the following statements about the'megacities of India: [2000]
1. Population of each megacity is more than 5 million
2. All the megacities are important sea ports
3. Megacities are either national or state capitals
Which of these statements are correct?

a. 1, 2 and 3

b. 1 and 2

c. 2 and 3

d. 1 and 3

9. Human Poverty Index was introduced in the Human Development Report of the year: [1998]

a. 1994

b. 1995

c. 19%

d. 1997

10. Persons below the poverty line in India are classified as such based whether: [1999]

a. they are entitled to a minimum prescribed food basket

b. they get work for a prescribed minimum number of days in a year