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CBSE Questions for Class 8 General Knowledge Indian Economy Quiz 5 - MCQExams.com
CBSE
Class 8 General Knowledge
Indian Economy
Quiz 5
If the Cash Reserve Ratio is lowered by the RBI , its impact on credit creation will be to _____________.
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0%
increase it
0%
decrease it
0%
no impact
0%
None of these
Explanation
Due to reduction in the requirements of the CRR banks will have more funds with them to promote their lending (credit creation), which will ultimately lead to increase in their lending.
Select the correct statement in case there is an increase in the rate of inflation in India:
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While saving falls, leading increase
0%
Banks cut their leading rates.
0%
None of the above
0%
1 , 2 and 3
When the RBI reduces statutory liquidity Ratio by 50 basis points , which of the following is likely to happen ?
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India's GDP growth rate increases radically.
0%
Foreign institutional investors may bring more capital into our country.
0%
Scheduled commercial Banks may cut their lending rates.
0%
It may drastically reduce the liquidity to the banking system.
The monetary and credit policy is announced by which of the following?
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Ministry of Finance in Centre
0%
RBI
0%
SBI
0%
Planning Commission
Gilt-edged means
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bullion market
0%
market of Government securities
0%
market of guns
0%
market of pure metals
Interest Payment is an item of
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0%
Revenue expenditure
0%
Capital expenditure
0%
Plan expenditure
0%
None of the above
Which one of the following deficits is used in the calculation of the twin/double deficit of an economy ?
Current account deficit
Fiscal deficit
3. Primary deficit
Select the correct answer using the codes given below
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0%
2 and 3
0%
1 and 2
0%
1 and 3
0%
All of these
The controlling authority of government expenditure is the
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0%
RBI
0%
Planning Commission
0%
Finance Ministry
0%
Finance Commission
Consider the following statements about the Direct Tax Codes
The exemption limit for the senior citizens will be higher.
The tax imposed on women will be eliminated altogether to bring gender equality in our society.
Which of the statements given above is/are correct ?
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0%
Only 1
0%
Only 2
0%
Both 1 and 2
0%
Neither 1 nor 2
Which of the following is the third-largest steel producing country in the world?
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China
0%
Japan
0%
United States
0%
India
Which one of the following represents a progressive tax structure ?
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Tax rate is the same across all incomes
0%
Tax rate increases as income increases
0%
Tax rate decreases as Income increases
0%
Each household pays equal amount of tax
Deficit financing leads to Inflation in general, but It can be checked if
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0%
government expenditure leads to increase in the Aggregate Supply (AS) in ratio of Aggregate Demand.
0%
only aggregate demand is increased.
0%
all the expenditure is devoted to the payment of national debt.
0%
All of the above
Effective Revenue Deficit was introduced in the Union Budget of
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0%
2010-11
0%
2011-12
0%
2009-10
0%
2012-13
Who is the Chairman of Financial Stability and Development Council ?
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Prime Minister of India
0%
Cabinet Secretary
0%
Chief Justice of Supreme Court
0%
Finance Minister
Arrange the following in descending order of value of trade of India with neighbouring countries
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Bangladesh, Bhutan, Nepal, Myanmar
0%
Myanmar, Bangladesh, Bhutan, Nepal
0%
Bangladesh, Myanmar, Bhutan, Nepal
0%
Bangladesh, Nepal, Myanmar, Bhutan
A beggar can never be.....
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0%
happy
0%
rich
0%
poor
0%
bankrupt
Choose the correct answer form the alternatives given.
As per census 2011, which State has the lowest sex ratio (877:1000)?
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0%
Punjab
0%
Haryana
0%
Uttar Pradesh
0%
Bihar
Explanation
Hugo Rafael Chavez Frias (28 July 1954-5 March 2013) was a Venezuelan politician who served as the 64th President of Venezuela from 1999 to 2013.
Choose the correct answer form the alternatives given.
An Indian industrialist on whose 175th birth anniversary Union government launched the commemorative national stamp on January 6,2015?
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G.D. Birla
0%
TV Sundaram Iyengar
0%
Kaeturbhai Lalbhai
0%
Jamsetji Nusserwanji Tata
Explanation
Astra is an active radar homing beyond-visual-range-air-to-air missile (BVRAAM) Developed by the Defence Research and Development Organisation (DRDO). The missile was last tested on 18 March 2015 from a Sukho 30 fighter against a simulated live target. Astra uses a smokeless propulsion system.
Hegde fund is a fund _________________.
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0%
used for absorbing inflation
0%
used for cushioning health risks
0%
applied to minimize the risk of financial market transactions
0%
applied for absorbing the risk in commodity trading
Explanation
Hedge funds engage in a diverse range of markets and strategies and employ a wide variety of financial instruments and risk management techniques.
RBI cancelled the certificate of registration of how many Non-Banking Financial Companies (NBFCs)?
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0%
Three
0%
Four
0%
Five
0%
Six
Permanent Settlement was introduced to ___________________.
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help the ryots
0%
earn a fixed and regular revenue
0%
help the landlords
0%
improve the prospects of agriculture
Explanation
The
Permanent Settlement was an agreement between the East India Company and Bengali landlords to fix revenues to be raised from land, with far-reaching consequences for both agricultural methods and productivity in the entire Empire and the political realities of the Indian countryside.
Consider the following statements about India and Bermuda region
1. India and Bermuda have signed a pact top facilitate exchange of information between the two countries regarding tax evasion.
The pact will be called Tax Information Exchange Agreement (TIEA).
The TIEA is according to the guidelines issued by the OECD for countries and destination considered as tax heavens.
The concept of TIEA was developed by the Paris based OECD for promoting international co-operation in tax matters through exchange of information.
Which of the statements given above is/are correct?
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0%
1, 2, 3 and 4
0%
1 and 2
0%
3 and 4
0%
1, 3 and 4
Which city is hosting the 5th edition of South Asia Region Public Procurement Conference (SARPPC-2018)?
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0%
New Delhi
0%
Kathmandu
0%
Dhaka
0%
Colombo
Explanation
The 5th edition of the South Asia Region Public Procurement Conference (SARPPC-2018) was inaugurated by Arun Jaitley, the Union Minister of Finance and Corporate Affairs, in New Delhi on February 5, 2018. The theme of the conference is Public Procurement and Service Delivery. The purpose of the 3-day Conference was to enable the Heads of Public Procurement and other key stakeholders in the eight South Asian countries to meet and learn from one another and from experts in the field of public procurement. The conference was hosted by Government of India (GOI), through the Public Procurement Division (PPD) of the Ministry of Finance and All India Management Association (AIMA). It is held under the auspices of the South Asia Region Public Procurement Network (SARPPN), which is sponsored and facilitated by the World Bank, Asian Development Bank and Islamic Development Bank.
Choose the correct answer form the alternatives given.
The Report on Transparency International India released in December 2012 places India at rank among 176 nations on the basis of Corruption Percentage Index.
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93rd
0%
94th
0%
95th
0%
96th
Explanation
India was ranked 94th out of 176 countries in Transparency Internationals 2012 corruption Perception Index (CPI) released on 5 December 2012. In 2011, India was ranked 95 out of 183 countries . Denmark, Switzerland and Finland topped the index with a score of 90 followed by Sweden which scored 88 points. North Korea , Afghanistan and Somalia scored a lowly 8, ranking at the bottom of the Index, In fact, two -thirds of the 176 nations scored below than 50 points.
Consider the following statements
India is the largest producer and supplier of coir and coir products in the world market.
Sri Lanka is the largest exporter of coir fibre followed by Thailand and India.
Which of the statements given above is/are correct?
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0%
Only 1
0%
Only 2
0%
Both 1 and 2
0%
Neither 1 nor 2
First factor in Fama French three factor model is _____________.
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0%
CAPM stock beta
0%
economic stock beta
0%
CAPM portfolio beta
0%
CAPM realized beta
The currency of Bahamas is __________.
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Manta
0%
Dollar
0%
Taka
0%
Franc
The name of Sweden parliament is ____________.
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Riksdag
0%
Parliament
0%
Congress
0%
None of these
Which one best explains the term India's 'missing taxpayers' which was in news recently?
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0%
Who are altogether evading taxes?
0%
Who are under-reporting taxes?
0%
Who remain outside the tax net, legally?
0%
Who syphon out income through hawala?
Explanation
The term was widely discussed by the Economic Survey 2015-16 (Vol. 1) regarding the income tax compliant standard deduction in the individual income tax.
India : rupees :: UK : ?
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0%
Pounds
0%
U.S. Dollar (USD)
0%
Japanese Yen
0%
Canadian Dollar
Explanation
UK currency is pounds
Participatory Notes (PNs) are associated with which one of the following ?
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0%
Consolidated Fund of India
0%
Foreign Institutional Investors
0%
United Nations Development Programme
0%
Kyoto Protocol
Explanation
This is the route for foreign investment in the India stock market by the Foreign Financial Investors (FFIs).
By which Five Year Plan, Community Development Programme was launched in India ?
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0%
First
0%
Second
0%
Third
0%
Fourth
Explanation
The community development programme was launched on a small scale basis in 1952 with the first Five Year Plan. Its main purpose was to provide a substantial increase in the country's agricultural programme, in rural health and hygiene, in rural education and communication to transforming the social and economic life of villagers.
In the context of Indian economy, 'Open Market Operations' refers to
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0%
Borrowing by scheduled banks from the RBI
0%
Lending by commercial banks to industry and trade
0%
Purchase and sale of government securities by the RBI
0%
None of the above
In which year Reserve Bank was set up ?
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0%
1930
0%
1935
0%
1940
0%
1945
Explanation
The Reserve Bank of India. was set up on the basis of he recommendations of the Hilton Young Commission. The Reserve Bank of India Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank, which commenced operations on April 1, 1935.
Large scale industrial units and agricultural units with a defined pattern of production and employment are called
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0%
Unorganized sector
0%
Organized sector
0%
Agricultural sector
0%
None of these
In the Indian context, advocacy for a separate state within the country is known as
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Regionalism
0%
Separatism
0%
Secessionism
0%
Nationalism
In the Indian context , advocacy of withdrawl from the larger country is known as
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0%
Regionalism
0%
Separatism
0%
Secessionism
0%
Nationalism
Economic Survey is published by _________.
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0%
Ministry of Finance
0%
Planning Commission
0%
Government
0%
United Nations
What does BOT stands for?
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Bureau of Transport
0%
Bureau of Trans-communication
0%
Build, Operate and Transfer
0%
Bureaucracy Official against Terrorists
Which one among the following countries was the top contributor to India's FDI for the year 2013-14?
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0%
Mauritius
0%
Singapore
0%
USA
0%
Japan
Explanation
As per the data of the Department of Industrial Policy and Promotion (DIPP), , Singapore was the
top contributor to India's FDI
during the financial year 2013-14.
India received $5.98 billion in FDI from Singapore. It accounts for 25% of the total FDI inflow in India.
The First Five Year Plan (1951-1956) was drafted by:
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0%
P C Mahalanobis
0%
K N Raj
0%
J C Kumarappa
0%
Jawaharlal Nehru
Which one of the following is the correct sequence of economic sectors in terms of their contribution to the GDP of India in decreasing order?
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0%
Service-Industry-Agriculture
0%
Agriculture-Industry-Service
0%
Industry-Service-Agriculture
0%
Agriculture-Service-Industry
Explanation
The contribution of different sectors in GDP is as below:
Service- 57.9%
Industry- 24.2%
Agriculture- 17.9%
India's GDP growth rate in 2016-17 was 7.11
Arrange the following in terms of maximum literacy ratio.
$$1$$. Tripura
$$2$$. Goa
$$3$$. Kerala
$$4$$. Lakshadweep
$$5$$. Mizoram
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0%
$$3, 4, 5, 1, 2$$
0%
$$1, 2, 3, 4, 5$$
0%
$$4, 3, 2, 1, 5$$
0%
$$5, 1, 3, 2, 4$$
Economic density is _______.
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0%
total number of people per unit of land
0%
agricultural population per unit area of land
0%
agricultural population per unit area of cultivated land
0%
ratio between the requirements of population and the resources made available to it
Match List I with List II and select the correct answer using the codes given below the lists.
List I
(Paper Industry)
List II
(State)
A.
Kamptee
1.
Karnataka
B.
Rajahmundry
2.
Maharashtra
C.
Shahdol
3.
Andhra Pradesh
D.
Belagola
4.
Madhya Pradesh
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0%
A-1,B-4, C-3, D-2
0%
A-2 ,B-3, C-4, D-1
0%
A-1 ,B-3 ,C-4 ,D-2
0%
A-2 ,B-4 ,C-3 ,D-1
Which of the following are responsible for the decrease of per capita holding of cultivated land in India?
Extensive agriculture
Rapid rate of increase of population
Practice of dividing land equally among the heirs
GM crops of ploughing
Select the correct answer using the codes given below.
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0%
1 and 2
0%
2 and 3
0%
1 and 4
0%
2, 3 and 4
The year of urbanization divide in India is ______.
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0%
1921
0%
1931
0%
1951
0%
1941
As per the RBI guidelines, which one of the following is the minimum tenure of Masala Bonds that an Indian company can issue offshore?
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0%
Five years
0%
Four years
0%
Three years
0%
Two years
Explanation
Masala bonds are bonds issued outside India but denominated in Indian Rupees, rather than the local currency. The Reserve Bank of India had decided to cut the minimum maturity period for rupee debt issued abroad — masala bonds by domestic companies to three years from five years.
Which one of the following sectors of the economy is state owned and its service sector is a public enterprise?
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0%
Irrigation
0%
Agriculture
0%
Forests
0%
Plantation
According to _______, capitalism determines the character and hierarchical configuration of states.
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0%
Wallerstein
0%
Rostow
0%
Karl Marx
0%
SB Cohen
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