41. Which of the following statements is not true about the Indian Economy?
Its share of world population is only 16%, but its share of world GDP is 1.6%.
The share of services sector in India’s GDP is only 25%.
58% of its working population is engaged in agriculture, but contribution of agriculture to the national income is 22%.
India occupies only 2.4% of the world’s geographical area.
42. Which one of the following provides the largest credit to agriculture and allied sectors?
Cooperative Banks
Regional Rural Banks
Commercial Banks
Cooperative and Regional Rural Banks jointly
43. Who had suggested the imposition of ‘expenditure tax’ in India for the first time?
Kalecki
Kaldor
R.J. Chelliah
Gautam Mathur
44. In the 11th Five Year Plan, which of the following sectors accounts–for maximum combined Central, State and U.T. expenditure?
Transport
Energy
Agriculture and Rural Development
Social sector
45. What is the expected target of development in the ‘vision paper’ of the 12th Five-Year Plan (2012–2017) as accepted by the National Development Council?
7%
8%
9%
10%
46. A country’s natural capital included all of the following except
forest
water
roads
minerals
47. The largest share of Gross Domestic Product (GDP) in India comes from
agriculture and allied sectors
manufacturing, construction, electricity and gas
services sector
defence and public administration
48. The most common measure of estimating inflation in India is
Price Index
Wholesale Price Index
Consumer Price Index
Price Index of Industrial Goods
49. The policy of Liberalisation, Privatisation and Globalisation was announced as New Economic Policy by Prime Minister
Rajeev Gandhi
Vishwanath Pratap Singh
Narasimha Rao
Atal Bihari Vajpayee
50. The Gandhian economy is based on the principle of
Competition
Trusteeship
State Control
None of these
51. The most appropriate measure of a country’s economic growth is its
Gross Domestic Product (GDP)
Net Domestic Product (NDP)
Net National Product (NNP)
Per Capita Product (PCP)
52. Match List-I with List-II and select the correct answer from the codes given below: List–I List–II A. Growth in Food Production 1. Green Revolution B. Milk Production 2. Blue Revolution C. Fisheries 3. White Revolution D. Fertilisers 4. Grey Revolution Codes: A B C D
1 3 2 4
3 1 4 2
2 4 3 1
3 2 4 1
53. The concept of ‘Vicious Circle of Poverty’ is related to:
Karl Marx
Nurkse
Adam Smith
None of the above
54. As per the estimates of Planning Commission, which State had the highest number of poor people living below the poverty line in 2011–12?
Madhya Pradesh
Bihar
Uttar Pradesh
Maharashtra
55. Which among the following in India is the Nodal agency for estimation of poverty at the national and state level?
Finance Commission
Rural Ministry
Home Ministry
Planning Commission
56. Identify the correct sequence of the following states in terms of fish production in descending order:
Gujarat, Kerala, Andhra Pradesh, Tamil Nadu
Kerala, Gujarat, Andhra Pradesh, Tamil Nadu
Andhra Pradesh, Gujarat, Kerala, Tamil Nadu
Tamil Nadu, Andhra Pradesh, Gujarat, Kerala
57. Which of the following makes recommendation regarding fixing of minimum support price for various crops?
Indian Council of Agricultural Research
NABARD
Commission for Agricultural Costs and Prices
Indian Agricultural Research Institute
58. Consider the following Statements and select the correct answer from the codes given below: Assertion (A): Economic development requires a multidimensional approach. Reason (R): The present Government of India is focussing mainly on microeconomic issues. Codes:
Both (A) and (R) are true, and (R) is the correct explanation of (A).
Both (A) and (R) are true, but (R) is not the correct explanation of (A).
(A) is true, but (R) is false.
(A) is false, but (R) is true.
59. Which among the following is the largest mechanised mine in India?
Ratnagiri Mine
Jaipur Mine
Sundergarh Mine
Bailadila Mine
60. A new chapter on sustainable development and climate change was first introduced in the Economic Survey of
2004-05
2011-12
2012-13
2013-14
12 Total Test
360 Total Question
Scientifically designed for PCS
A must have for Civil services aspirant
IAS PCS SCC and others
75 Total Test
2250 Total Question
Scientifically designed for PCS
A must have for Civil services aspirant
IAS PCS SCC and others
69 Total Test
2070 Total Question
Scientifically designed for PCS
A must have for Civil services aspirant
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