Economics Objective Questions

1. Which city is ranked as the most polluted city by the Central Pollution Control Board in March 2015?

Ans: Delhi

2. The first Finance Commission was appointed in 1951, under the chairmanship of:

Ans: K.C . Neogy  

3. 'Yogakshemam Vahamyaham’ (your welfare is our responsibility) is the slogan of:   

Ans: L. I. C

4. ICDS (Integrated Child Development Service) launched on 2nd October _____?

Ans: 1975

5. Which body initially constituted on April 12, 1988 as a non - statutory body through a resolution of the Government for dealing with all matters relating to development and regulation of securities market?

Ans: Securities and Exchange Board of India (SEBI)  

6. The National Institute of Toxicology research at _____ city?

Ans: Lucknow

7. NABARD was established on July 12, 1982 with the paid up capital off 100 crore having 50:50 contribution of Indian Government and ____?  

Ans: RBI

8. In order to make the RBI more powerful, the Indian Government nationalised it on:

Ans: January 1, 1949

9. The first official attempt to calculate national income in India was made by: 

Ans: Prof. Mahalanobis

10. In which Five Year Plan University Grants Commission was set up for promoting and strengthening higher education?

Ans: First Five Year Plan

11. The government, on 3rd March 2015 raised FDI cap in insurance to _____ from 26% through a notification issued by the DIPP (Department of Industrial Policy and Promotion)?

Ans: 49%

12. Where is the headquarters of Central Plantation Crops Research Institute located in Kerala?

Ans: Kasaragod

13. Kerala is the first state in India to launch a Pension Scheme for farmers namely?

Ans: Kisan Abhiman

14. The definition of the "Urban Poor" according to the Planning commission in India in terms of the calorie intake with respect to daily consumption is:

Ans: Less than 2100 calories

15. Third World Countries are?

Ans: Developing countries (Eg: India, Brazil etc.)

16. The fraction of all families that fall below the poverty line is called?  

Ans: Poverty rate  

17. The Swachh Bharat Mission launched in October 2014, aims at attaining an Open Defecation Free India by?

Ans: 2019 October 2nd  

18. Economic development that meets the need of the present without compromising the ability of future generations to meet their own needs is _____. 

Ans: Sustainable development    

19. _____ was the first Railway minister of independent India?

Ans: John Mathai

20. Consumer Protection Act was enacted in:

Ans: 1986  

21. In a free market economy, prices are determined by:

Ans: Market forces  

22. India was one of the first in Asia to recognise the effectiveness of the Export Processing Zone model in promoting exports, with Asia's first EPZ set up in _____ in 1965?

Ans: Kandla( Gujarat)

23. The first country introduced Fat tax is:  

Ans: Denmark

FORGE YOUR FUTURE

Ä Forge Your Future has been authored by former President of India, Dr.A.P.J. Abdul Kalam. 

Ä It is the first book in India, the title of which was decided by online voting. 

G.D.P - (Gross Domestic Product) It is the value of all goods and services produced within a country during a given period.

G.N.P - (Gross National Product) It is the sum total of all goods and services produced by the nationals of a country during a year.

N.D.P- (Net Domestic Product) - It is equal to GDP minus depreciation.