RRB NTPC Economics quiz for Stage-I
Railway/SSC JE Civics quiz for (Phase I), RRB NTPC, SSC various exams and other competitive exams.
Q1. Fiscal policy in India is formulated by –
(a) Reserve Bank of India
(b) Planning Commission
(c) Finance Ministry
(d) SEBI
Q2. What is MUDRA?
(a) Development and Refinance Agency
(b) Scheme for Agricultural Insurance
(c) New Planet Discovered
(d) Development and Regulatory Authority for Urban Township
Q3. Lorenz curve shows
(a) Inflation
(b) Unemployment
(c) Income distribution
(d) Poverty
Q4.Who takes the decision regarding the savings and loan activities in a Self Help Group (SHG)?
(a) Private Bank
(b) Reserve Bank of India
(c) Members of Group
(d) Non Government Organizations
Q5. “World Economic Outlook” report is published by which of the following ?
(a) IMF
(b) World Bank
(c) RBI
(d) UNCTAD
Q6. The rate of tax increase as the amount of the tax base increases is called?
(a) Proportional tax
(b) Progressive tax
(c) Regressive tax
(d) Degressive tax
Q7. HDI is an aggregate measure of progress in which of the three dimensions?
(a) Health, Education, Income
(b) Food Security, Employment, Income
(c) Agriculture, Industry, Services
(d) Height, Weight, Colour
Q8. The operational period of 12th Five Year Plan is –
(a) 2007-12
(b) 2012-17
(c) 2015-20
(d) 2005-10
Q9. In which of the following States India’s first Green Rail Corridor was launched in –
(a) Karnataka
(b) Maharashtra
(c) Himachal Pradesh
(d) Tamil Nadu
- Which place is said to be the Manchester of South India?
(a) Coimbatore
(b) Salem
(c) Thanjavur
(d) Madurai
Solution
Ans.1.(c)
Exp.Fiscal policy in India is formulated by Finance Ministry.
Ans.2.(a)
Exp. Micro Units Development and Refinance Agency Bank (or MUDRA Bank) is a public sector financial institution in India. It provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSMEs. It was launched by Prime Minister Narendra Modi on 8 April 2015.
Ans.3.(c)
Exp.The Lorenz curve is a graphical representation of income inequality or wealth inequality developed by American economist Max Lorenz in 1905.
Ans.4.(c)
Exp. Group members take the important decisions of SHG.The group owes responsibility for the repayment of loans. Other members of the group follow seriously if in case of non-repayment of loan by one member. The groups decides as regards the loans- to be granted-the purpose, amount, interest to be charged, repayment schedule.
Ans.5.(a)
Exp.World Economic Outlook” report by the International Monetary Fund (IMF) contains analysis and projections of the integral elements of the IMF’s surveillance of economic developments and policies in its member countries, and of the developments in the global financial markets and economic system.
Ans.6.(b)
Exp.The rate of tax increase as the amount of the tax base increases is called Progressive tax.
Ans.7.(a)
Exp.The Human Development Index (HDI) is a composite statistic (composite index) of life expectancy(health), education, and per capita income indicators, which are used to rank countries into four tiers of human development.
Ans.8.(b)
Exp.The operational period of 12th Five Year Plan is 2012-2017. It aims at a growth rate of 8%.
Ans.9.(d)
Exp.The India’s first Green Rail Corridor was inaugurated on the 114-km long Rameswaram-Manamadurai stretch in Tamil Nadu.
Ans.10.(a)
Exp.Coimbatore is referred to as the “Manchester of South India” due to its cotton production and textile industries.
