INDIAN ECONOMY TEST - 8-Indian Economy-Quiz

Civil Services Exams-INDIAN ECONOMY TEST - 8

Q 1.
Consider the following statements.

1. Bhutan has the highest ranking in South Asia in the UNDP’s Human Development Index

2. Maldives has the highest per capita income in South Asia as per the World Bank estimates.

Of these, the correct statements are:

a.)
1 and 2 correct
b.)
Only 1 is correct
c.)
Only 2 is correct
d.)
Neither 1 nor 2 is correct

Q 2.
As per the World Bank, India’s per capita income in terms of current US Dollar terms during 2021 was $2191. Which of the following South Asian country has the highest per capita income as per the estimate?

a.)
Bhutan
b.)
Maldives
c.)
Sri Lanka
d.)
India

Q 3.
The international poverty line is prepared and published by:

a.)
UNICEF
b.)
World Bank
c.)
UNCTAD
d.)
UNDP

Q 4.
‘Investing in Sustainable Recovery’ is the theme of:

a.)
World Development Report 2021, World Bank
b.)
Human Development Report 2021, UNDP
c.)
World Investment Report 2021, UNCTAD
d.)
World Economic Outlook 2021, IMF

Q 5.
. Consider the following statements:

1. The World Bank defines ‘extreme poverty’ as living on less than $1.90 a day for low-income countries.
2. The World Bank has designed a new poverty line according to the income status of the countries.

3. New standards for poverty line for lower middle-income countries including India is $3.20 per day.

4. The World Bank has developed societal poverty line for measuring poverty in accordance with income status of the countries.

Codes:

a.)
1, 2, 3 and 4
b.)
1, 2 and 3
c.)
2 and 4
d.)
2, 3 and 4

Q 6.
Examine the following statements about societal poverty line and choose the correct statements using the codes given below.

1. Societal Poverty Line is prepared by the UNCTAD
2. It is designed reflect the poverty line for different income category countries.

a.)
1 and 2 correct
b.)
Only 1 is correct
c.)
Only 2 is correct
d.)
Neither 1 nor 2 is correct

Q 7.
Changes in which of the following indicate structural changes in the economy? Choose the correct answer using the codes given below.

1. Employment contribution of different sectors

2. Share of primary, secondary and tertiary sectors in GVA

3. Velocity of circulation of money

4. Share of different sectors in exports.

Codes:

a.)
1, 2, 3 and 4
b.)
1, 2 and 3
c.)
2 and 4
d.)
1, 2 and 4

Q 8.
Which of the following was not part of the structural reforms launched in India as part of the economic reforms back in 1991?

a.)
Fighting inflation
b.)
Correcting the industrial structure
c.)
Measures to support free market economy
d.)
Launching trade liberalisation measures

Q 9.
Consider the following components of economic reforms:

1. Realigning the role of the public sector vis a vis the private sector

2. Reducing tariff controls.

3. devaluation of rupee

Of these, the components of structural adjustment programme were:

a.)
1, 2, and 3
b.)
1 and 2
c.)
2 and 3
d.)
3 only

Q 10.
The number of industries reserved for the public sector in India as of now is:

a.)
11
b.)
4
c.)
7
d.)
3

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