Economics General Studies Questions for ssc upsc competitive examspage 6

76 .What is the correct sequence of the following strategiesused for Five Year Plans in India?1. Balanced growth2. Rehabilitation of the economy3. Industrial development

A. 1, 3, 2

B. 2, 1, 3

C. 2, 3, 1

D. 3, 2, 1

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77 .Mashelkar Committee was constituted to report on:

A. economic policy

B. constitutional changes

C. black money

D. auto fuel policy

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78 .Microeconomics is concerned with :
1. behaviour of industrial decision-makers
2. the level of employment
3. changes in the general level of prices
4. determination of prices of goods and services

A. 1 and 2

B. 2 and 3

C. 3 and 4

D. 1 and 4

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79 .The cause of inflation is :

A. increase in money supply

B. fall in production

C. increase in money supply and fall in production

D. decrease in money supply and fall in production

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80 .In which bank of the following, Indian Government still has hundred percent shares in bank's equity?

A. Allahabad Bank

B. Bank of Maharashtra

C. Central Bank of India

D. All the above

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81 .The first Bank established in India was:

A. Punjab National Bank

B. Traders Bank

C. State Bank of India

D. Bank of Hindustan

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82 .'Devaluation' means :

A. converting rupee into gold

B. lowering of the value of one currency in comparison of some foreign currency

C. making rupee dearer in comparison to some foreign currency

D. None of these

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83 .Hard Currency is defined as currency:

A. which can hardly be used for international transactions

B. which is used in times of war

C. which loses its value very fast

D. traded in foreign exchange market for which demand is persistently relative to the supply

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84 .Which of the following Mahatma Gandhi series of currency notes issued by the RBI has 'ecology' depicted on it?

A. Rs. 500/-

B. Rs. 100/-

C. Rs. 50/-

D. RS. 5/-

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85 .Buffer stocks of foodgrains have helped the Government to achieve all but one of the following:

A. Solve food problem

B. Maintain Public Distribution System (PDS)

C. Implement employment generation programmes

D. Provide balanced diet to masses

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86 .Operation Blackboard aims at

A. promoting adult literacy

B. providing education to urban slum dwellers

C. opening of new-schools specially for female children

D. providing primary education in an educationally backward area

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87 .India has:

A. Socialistic economy

B. Gandhian economy

C. Mixed economy

D. Free economy

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88 .Convertibility of the rupee implies :

A. being able to convert rupee notes into gold

B. freely permitting the conversion of rupee to other major currencies and vice versa

C. allowing the value of the rupee to be fixed by market forces

D. developing an international market for currencies in India

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89 .The World Bank and IMF give respectively:

A. Long term and short term credits

B. Short term and long term credits

C. Both long term credits

D. Both short term credits

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90 .Which is the best measure of economic growth of a country?

A. GNP

B. GDP

C. Net revenue

D. None of these

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