Tag: economics

Questions Related to economics

Tariff means ________.

international experience of exchange rate systems open economy macroeconomics international economics economics

  1. a tax on imported goods

  2. a tax on exports

  3. a tax on consumption

  4. a tax on savings

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Correct Option: A

Quantitative restrictions mean _________.

international experience of exchange rate systems open economy macroeconomics international economics economics

  1. a restriction by Government on quantity of export or imports of goods from or to a country

  2. a restriction by Government on quantity of production of goods by a country.

  3. a restriction by Government on quantity of sale of goods by a manufacturer

  4. a restriction by Government on quantity of quantity of raw material consumed.

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Correct Option: A

International reserves include _______. 

international experience of exchange rate systems open economy macroeconomics international economics economics

  1. government holding of gold

  2. balance in International Monetary Fund

  3. foreign currency reserves

  4. all the three

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Correct Option: D
Explanation:

International reserves include gold reserves, forex reserves and a balance held with the IMF that he country can draw from with times off stress. All three help the country maintain its position on the international market and manage its balance of payment account, by influencing its exchange rate.

The share of concessional debt in total external debt of India had _________ in 2011.

international experience of exchange rate systems open economy macroeconomics international economics economics

  1. remained the same

  2. doubled

  3. reduced

  4. increased

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Correct Option: C
Explanation:

The share of concessional debt in total external debt of India had reduced to $18\%$ in June $2011$.

ADR stands for _____.

international experience of exchange rate systems open economy macroeconomics international economics economics

  1. Australian Depository Receipts

  2. Ancient Demand Receipts

  3. American Depository Receipts

  4. Asian Diamond Reserves

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Correct Option: C

What is the meaning of "Sex-Ratio" ?

economics indian economy on the eve of independence demographic condition and infrastructure development experience (1947-90) population and human resource development

  1. Number of females per 1000 married men

  2. Number of females per 1000 males in the country

  3. Number of females per square kilometer

  4. Number of males per 1000 females in the country

Show answer
Correct Option: B
Explanation:

The sex ratio is the ratio of males to females in a population. In most sexually reproducing species, the ratio tends to be 1:1. 

The first railway line in India was started between Thane and ____________.

economics indian economy on the eve of independence demographic condition and infrastructure development experience (1947-90) population and human resource development

  1. Surat

  2. Kalyan

  3. Pune

  4. None of these

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Correct Option: B
Explanation:

In May 1854, the Bombay–Thane line was extended to Kalyan with the Thane viaducts over the Thane creek (India's first railway bridges).

The Indian Railways made its beginnings in the year ____________.

economics indian economy on the eve of independence demographic condition and infrastructure development experience (1947-90) population and human resource development

  1. $1800$

  2. $1850$

  3. $1853$

  4. $1900$

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Correct Option: C
Explanation:

The first railway line in India was constructed during the rule of Lord Dalhousie. The first train started from Bori Bunder in Bombay at 3:35 pm on April 16, 1853 with a 21-gun salute. It had 14 carriages.

During the British rule, what was the percentage of individuals employed in the manufacturing sector?

economics indian economy on the eve of independence demographic condition and infrastructure development experience (1947-90) population and human resource development

  1. 5%

  2. 10%

  3. 15%

  4. 17.5%

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Correct Option: B
Explanation:

The agricultural sector accounted for the largest share of the workforce which was around 70-75%. The manufacturing and the services sectors accounted for only 10 and 15-20 percent respectively. Also, there were increasing regional variations under the British rule.

What was the condition of the road network India inherited from the British ?

economics indian economy on the eve of independence demographic condition and infrastructure development experience (1947-90) population and human resource development

  1. Poor

  2. Good

  3. Excellent

  4. None of the above

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Correct Option: A
Explanation:

The state of infrastructure during the pre-British India was very poor. The transportation and communication lines were below average due to insufficient funds. In fact, most of the villages lacked connectivity by pucca roads. Consequently, natural dusty tracks were the roads predominant in India. However, such roads spelt misery during monsoons as they became muddy and difficult to traverse.  During natural calamities, these roads became unfunctional as a result of which various areas became inaccessible and were cut-off.