Current Challenges facing Indian Economy Test

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Current Challenges facing Indian Economy Test - 4

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Weekly Quiz Competition

Question 1
1 / -0

A system of political and social relations between two countries of which one is the ruler and the other is its colony is referred to as _________.

A
Statesman ship

B
Narcism

C
Both A and B

D
Colonialism

Solution

A system of political and social relations between two countries of which one is the ruler and the other is its colony is referred to as Narcism.
Question 2
1 / -0

What is the impact of corruption on the Indian economy?

A
Reduced foreign investment

B
Reduced economic growth

C
Wastage of resources

D
All of the above

Solution

Corruption has a significant impact on the Indian economy, leading to reduced foreign investment, reduced economic growth, and wastage of resources.
Question 3
1 / -0

When was National Investment and Infrastructure Fund created?

A
2011

B
2015

C
2012

D
2014

Solution

National Investment and Infrastructure Fund (NIIF),India’s first sovereign wealth fund that, was created in 2015 as a special fund to deal with stressed assets of banks.
Question 4
1 / -0

When the CPI is rising it means that consumer prices are __________.

A
Rise

B
falling

C
first increase then decrease

D
None of the these

Solution

When the CPI is rising it means that consumer prices are also rising, and when it falls it means consumer prices are generally falling. In short, a higher CPI indicates higher inflation, while a falling CPI indicates lower inflation, or even deflation.
Question 5
1 / -0

Which of the following was the main reason for stagnation in the agricultural sector during the British rule?

A
Technological deceleration

B
Problems of irrigation facilities

C
Land Settlement systems

D
De-industrialization

Solution

Agriculture was mainly stagnated during that time due to the introduction and implementation of Land settlement systems by the British Government.
Question 6
1 / -0

What is the impact of the informal economy on the Indian economy?

A
Reduced tax revenue

B
Reduced productivity

C
Lack of regulation

D
All of the above

Solution

The informal economy in India, which includes unregistered businesses and workers, has a range of impacts on the overall economy.
Question 7
1 / -0

What is the main cause of inflation in India?

A
High government spending

B
Increase in global oil prices

C
Excessive money supply

D
All of the above

Solution

Inflation in India is caused by a combination of factors, including high government spending, increases in global oil prices, and excessive money supply.
Question 8
1 / -0

Which of the following is NOT a component of the Swarna Jayanti Sahari Rozgar Yojna (SJSRY)?

A
Programmes to generate self-employment

B
Wage employment programme

C
Training for rural poor

D
Subsidized housing scheme

Solution

Subsidized housing scheme is not a component of SJSRY.
Question 9
1 / -0

What is the focus of the Saakshar Bharat program?

A
Promoting higher education

B
Providing free education to children below 6 years

C
Promoting education and literacy among adults above 15 years, with special focus on women

D
Providing vocational training to school dropouts

Solution

The focus of the Saakshar Bharat program is promoting education and literacy among adults above 15 years, with special focus on women.
Question 10
1 / -0

What is the main objective of the Inclusive Education for the Disabled at Secondary Stage (IEDSS) program?

A
Providing vocational training to disabled children

B
Providing 100 percent central assistance for education of disabled children studying class IX-XII

C
Building new schools exclusively for disabled children

D
Offering scholarships to disabled children

Solution

The main objective of IEDSS is to provide 100 percent central assistance for education of disabled children studying class IX-XII.

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Re-Attempt Weekly Quiz Competition

Current Challenges facing Indian Economy Test - 4

Result

Current Challenges facing Indian Economy Test - 4

Score

-

Rank

-

SHARING IS CARING

Question 1

Statesman ship

Narcism

Both A and B

Colonialism

Solution

Question 2

Reduced foreign investment

Reduced economic growth

Wastage of resources

All of the above

Solution

Question 3

2011

2015

2012

2014

Solution

Question 4

Rise

falling

first increase then decrease

None of the these

Solution

Question 5

Technological deceleration

Problems of irrigation facilities

Land Settlement systems

De-industrialization

Solution

Question 6

Reduced tax revenue

Reduced productivity

Lack of regulation

All of the above

Solution

Question 7

High government spending

Increase in global oil prices

Excessive money supply

All of the above

Solution

Question 8

Programmes to generate self-employment

Wage employment programme

Training for rural poor

Subsidized housing scheme

Solution

Question 9

Promoting higher education

Providing free education to children below 6 years

Promoting education and literacy among adults above 15 years, with special focus on women

Providing vocational training to school dropouts

Solution

Question 10

Providing vocational training to disabled children

Providing 100 percent central assistance for education of disabled children studying class IX-XII

Building new schools exclusively for disabled children

Offering scholarships to disabled children

Solution

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