Indian Economic Structure
(IES)
MCQs
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1. At the end of 1" phase, the industrial growth was marked as ........
(a) Highly unsatisfactory
(b) Was not decided
(c) Highly satisfactory
(d) None of them
2. Which of the following is/are consumer goods industries?
(a) Locomotive factory
(b) iron and steel
(c) Cotton Textile
(d) Shipyard making
3. Which of the following is not included in the capital goods industries ?
(a) Shipyard making
(b) Cotton Textile
(c) Iron and steel
(d) Locomotive factory
4. The 2nd phase in the industrial production growth trends is known as.....
(a) Slowdown phase
(b) Early growth phase
(c) Industrial recovery phase
(d) Post Industrial Liberalization phase
5. Which time period was known as "plan holidays" ?
(a) 1966-69
(b) 2002-05
(c) 1981-85
(d) 1991-93
6. The factors responsible for industrial deceleration were.......
(a) Industrial policy
(b) Slow down in agriculture
(c) War, Oil shocks
(d) All of them
7. Which plans were included in 2nd phase of industrial production growth trends ?
(a) 1st, 2nd and 3rd
(b) 6th, 7th and 8th
(c) 4th and 5th
(d) 3rd and 4th
8. Which goods were demanded more it is one of middle class people increases?
(a) Capital goods
(b) Consumer durables
(c) Consumer nondurables
(d) All of them
9. 8th plan onwards were covered under .......... phase
(a) Industrial recovery phase
(b) Post Industrial Liberalization phase
(c) Early growth phase
(d) Industrial deceleration phase
10. In .......... sector, expenditure has been cut down when India has adopted macro economic adjustment programme ?
(a) Public sector
(b) Private sector
(c) Both "a" & "b"
(d) None
11. From the following changes, what type of changes were observed during 1" phase?
(a) Basic and heavy industries established
(b) Slow down in industrial production
(c) Change in economic policies
(d) High quality consumer goods
12. Which factors were responsible for industrial deceleration in 2nd phase ?
(a) War, Oil Shocks, severe droughts
(b) Slow down in public expenditure
(c) Poor management of infrastructure
(d) All of them
13. There were difficulties in obtaining the funds for expansion in the 4th phase due to.........
(a) New economic policies
(b) External competition
(c) Two stock scams
(d) All of them
14. Foreign portfolio includes,
(a) Foreign institutional Investment
(b) Euro equities and others
(c) both (a) and (b)
(d) none
15. .......... contribution of agriculture sector during the 3rd phase of industrial production ?
(a) Increased demand for manufactured goods
(b) Increased demand for agri, inputs
(c) increased demand for consumer goods
(d) All of them
16. Which industrial reforms were made under new industrial policy ?
(a) Simplification in procedure to import technology
(b) Reduced domestic barriers
(c) Both "a"&"b"
17. With the rise in the income of the people, the consumption pattern will change from........
(a) food intensive to consumer goods intensive
(b) consumer goods intensive to food intensive
(c) Local goods to imported goods
(d) All of them
18. Rural purchasing power was reduced due to .......
(a) Lower agricultural growth
(b) Higher industrial growth
(c) Lower service sector growth
(d) None
19. Which factors were responsible for reduction in urban purchasing power ?
(a) Lower agricultural growth
(b) Lower industrial growth
(c) Fall in equity and real estate market
(d) Poor performance of infrastructure
20. In which sector, disinvestment was made after the introduction of NIP ?
(a) Public sector
(b) Private sector
(c) public private partnership
(d) All
21. According to .......... the growth in service sector was less cyclical and more stable as compared to the growth in industrial and agriculture.
(a) World Bank
(b) Mahalanobis
(c) Marshall
(d) Gordon and Gupta
22. During the post 1991 period, the Indian economy has witnessed a Growth
(a) Service led
(b) Agricultural led
(c) Industrial led
(d) None of them
23. During post 1991, contribution of ........ sector towards GDP/GDA has outpace its sectoral share.
(a) Service
(b) Primary
(c) Secondary
(d) None of them
24. In 1990s, which sector among the service sectors was the fastest growing ?
(a) Communication services
(b) Banking sector
(c) Community services
(d) Business services
25. Exceptionally fastest growth of ............ sector was mainly due to IT sector.
(a) Communication services
(b) Banking sector
(c) Community services
(d) Business services
26. Growth of ......... Sector was mainly due to telecom sector.
(a) Communication services
(b) Banking sector
(c) Community services
(d) Business services
27. Which of the following sector is the largest service sub sector in India ?
(a) Banking sector
(b) Communication services
(c) Community services
(d) Trade
28. Which of the following sector was "Trend grower" in 1990s and "Fast grower" now?
(a) Communication services
(b) Banking sector
(c) Trade
(d) Community services
29. Which among the following sector is "Trend grower"?
(a) Public administration and defence
(b) Banking sector
(c) Community services
(d) Trade
30. Which of the following is lare the reasons for the rapid growth in service sector?
(a) Policy Liberalization
(b) Splintering
(c) Technological advances
(d) All of them
31. When more services are used in the industrial sector it would .......... affect the TFP.
(a) Negatively
(b) does not
(c) Positively
(d) Can't say
32. Economic transaction in BOP are
(a) Visible items
(b) Invisible items
(c) Capital transfers
(d) All of these
33. Component of current account in BOP
(a) Investment
(b) Exports and imports of goods
(c) Borrowing and lending
(d) All
34. Balance of trade is the difference between
(a) Exports and imports of services
(b) Exports and imports of goods
(c) Receipts and payments of unilateral transfers
(d) None of these
35. Capital account includes those transactions which
(a) Affects assets and liabilities status of a country
(b) Lead to inflow of foreign exchange
(c) Do not affect assets and liabilities status of a country
(d) All of these
36. Balance of payment of a country is essentially
(a) A statement
(b) An account
(c) both (a) and (b)
(d) none of these
37. What is NOT included in Balance of Trade?
(a) Import of a machine
(b) export of a machine
(c) Import and export of a service
(d) import and export of readymade garment
38. Which one of the following is NOT included in capital account of a country?
(a) Private capital
(b) Banking capital
(c) Public capital
(d) official capital
39. Balance of Payment is wider from Balance of Trade, because it includes
(a) Export and import of non-merchandise
(b) Exports and imports of merchandise
(c) Inflow and outflow of capital
(d) All of them
40. How many items are included in the list of invisible account, according to IMF?
(a) 23
(b) 45
(c) 31
(d) 21
41. What was the status of BOP during the period 1956-57 to 1975-76?
(a) Balanced
(b) surplus
(c) Deficit
(d) none of these
42. Which time period is known as a "golden period" for the India's BOP?
(a) 1956-57 to 1975-76
(b) 1980-81 to 1990-91
(c) 1976-77 to 1979-80
(d) 1991 onwards
43. During the first period heavy deficit in BOP is a result of
(a) Oil shock
(b) 3 wars
(c) severe drought
(d) all of these
44. Current account deficit of India's BOP can be financed through
(a) Capital account of BOP
(b) Commercial borrowings
(c) NRI deposits
(d) all of these
45. What are the components of BOP account?
(a) Capital account
(b) Current account
(c) both (a)and (b)
(d) none of these
46. Which statement is NOT correct with reference to BOP of a country?
(a) BOP is a systematic record of all economic transactions between residents of a country and rest of the world during a given period of time.
(b) BOP is a difference between inflow of foreign exchange and outflow of foreign exchange.
(c) BOP is the difference between exports and imports of visible goods.
(d) All of them
47. There was huge trade deficit in 2007-08 due to,
(a) Sustained demand for non-oil imports
(b) Increase in international crude price
(c) Both (a) and (b)
(d) None of these
48. India has accumulated substantial reserve during post-reform period due to
(a) High earnings from invisible
(b) Rise in external commercial borrowings
(c) Nonresident deposits
(d) All of these
49. The 3 consecutive years in which India has enjoyed the surplus in current account of BOP, they are
(a) 1995-96, 1996-97, 1997-98
(b) 2012-13, 2013-14, 2014-15
(c) 1975-76, 1976-77, 1977-78
(d) 2004-05, 2005-06, 2006-07
50. Foreign investment includes,
(a) Foreign direct investment
(b) Foreign portfolio investment
(c) both (a) and (b)
(d) none of these
51. Since 1991, to encourage foreign investment in India, government has been offering
(a) facilities
(b) Concessions
(c) Incentives
(d) all of these
52. There was a huge current account deficit during 2004-05 to 2006-07, due to
(a) Formation of OPEC
(b) Imports of petroleum, oil and lubricants
(c) War with Pakistan
(d) None of these
53. In 1990-91, the total trade deficit was
(a) 12345 crore rupees
(b) 19678 crore rupees
(c) 20345 crore rupees
(d) 16934 crore rupees
54. Balance of payment "deficit" is the excess of :
(a) Current account payment over current account receipts
(b) Capital account payment over capital account deficit
(c) Both (a) and (b)
(d) None of these
55. In how many major accounts is BOP divided?
(a) 6
(b) 4
(c) 2
(d) 3
56. What was the time period of the 1" phase in industrial production growth trends?
(a) 1965-1980
(b) 1980-1991
(c) 1951-65
(d) 1945-55
57. Who is known as an architect of 2nd five year plan ?
(a) Prof. Robbins
(b) Prof. Alfred Marshall
(c) Sir Robert Giffin
(d) Prof. Mahalanobis
58. Which industries were established in order to create strong industrial base ?
(a) Basic goods
(b) Capital goods industries
(c) Intermediate goods
(d) All of them
59. How many plans were included in the 1" phase ?
(a) Four
(b) Three
(c) Two
(d) Five
60. Which sector during 1" phase, huge industrial capacity created with huge investment ?
(a) Public sector
(b) Public private partnership
(c) Corporate sector
(d) Private sector
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