UPSC/SSC G.K. Economy Quiz 14

1. National Income is based on the:
(a) total revenue of the State
(b) production of goods and services
(c) net profit earned and expenditure made by the State
(d) the sum of all factions of income

2. In an economy, the sectors are classified into public and private on the basis of:
(a) employment condition
(b) nature of economic activities
(c) ownership of enterprises
(d) use of raw materials

3. When was the Planning Commission established ?
(a) 10th March, 1950
(b) 15th March, 1950
(c) 20 th March, 1950
(d) 16th March, 1951

4. Bharat Nirman Scheme of the UPA Government does NOT include :
(a) Rural Wate Supply Project
(b) Irrigation Benefit Programme
(c) Rural Electrification
(d) Sarva Siksha Abhiyan

5. Poverty level in India is established on the basis of:
(a) Per capita income in different States
(b) House-hold average income
(c) House-hold comsumer expenditure
(d) Slum population in the country

6. First Industrial Policy of free India was announced in the year:
(a) 1947
(b) 1948
(c) 1951
(d) 1956

 

7. Whose name is associated with formulation of Planning Strategy in Second Five Year Plan ?
(a) Mahatma Gandhi
(b) Jawahar Lal Nehru
(c) Prasanta Chandra (P.C.) Mahalanobis
(d) B.R. Shenoy

8. Gross Domestic Product (GDP) is defined as the value of all:
(a) goods produced in an economy in a year
(b) goods and services in an economy in a year
(c) final goods produced in an economy in a year
(d) final goods and services produced in an economy in a year

9. …..is also called ‘sunrise’ industry:
(a) Copper
(b) Plastic
(c) Automobile
(d) Jewellery

10. Central Co-operative Banks work at:
(a) District level
(b) State level
(c) National level
(d) Block level

Answer- 1. (b) 2. (c) 3. (b) 4. (d) 5. (c) 6. (b) 7. (c) 8. (d) 9. (c) 10. (a)