Economy

The Tarapore Committee was constituted to examine?

A Capital account convertibility
B Banking NPAs
C GST implementation
D Poverty estimation

The "informal sector" of the Indian economy is characterized by?

A High regulation and formal contracts
B Lack of formal regulation, social security, and job security
C Only large corporations
D Government employment only

As per estimates, the informal sector employs approximately what share of India's workforce?

A 10-20%
B 40-50%
C 80-90%
D 100%

The Economic Census in India, distinct from Population Census, enumerates?

A All economic establishments/units in the country
B Only agricultural households
C Only registered companies
D Only government offices

India's first Economic Census was conducted in?

A 1977
B 1985
C 1990
D 2000

The term "Jobless Growth" refers to a situation where?

A GDP grows without corresponding employment growth
B Employment grows without GDP growth
C Both GDP and employment decline
D Both grow proportionally

Which Five-Year Plan focused on the objective "Growth with Social Justice"?

A Fifth Plan
B Sixth Plan
C Seventh Plan
D Eighth Plan

The 8th Five-Year Plan (1992-97) coincided with which major economic transition?

A Green Revolution
B Post-1991 liberalization implementation
C Bank nationalization
D Partition economic recovery

The 12th Five-Year Plan (2012-17) was India's last Five-Year Plan before being replaced by NITI Aayog's?

A Three-Year Action Agenda
B Annual Budgets only
C Perspective Plans
D State Plans

NITI Aayog's vision documents include a 15-Year Vision, 7-Year Strategy, and?

A 3-Year Action Agenda
B 5-Year Master Plan
C 10-Year Growth Blueprint
D 20-Year Roadmap

The Rangarajan Committee (1991-93) is also known for recommendations on?

A Poverty estimation methodology (later 2014 report)
B Exchange rate reforms and capital account issues
C Both A and B in different eras
D None

Which index tracks industrial production trends in India monthly?

A Index of Industrial Production (IIP)
B Wholesale Price Index
C Human Development Index
D Consumer Confidence Index

The base year for India's current IIP series is?

A 2004-05
B 2011-12
C 2015-16
D 2018-19

Eight core industries monitored in India's Index of Core Industries include coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and?

A Electricity
B Textiles
C Automobiles
D IT services

The Chief Economic Advisor to the Government of India is part of which department?

A Department of Economic Affairs, Ministry of Finance
B RBI
C NITI Aayog
D Planning Commission

India's sovereign credit rating is assigned among others by Moody's, S&P and Fitch, with India typically rated at the?

A Highest investment grade (AAA)
B Lowest investment grade (BBB-/Baa3 category)
C Junk/speculative grade
D Not rated

The term "capital expenditure" in the Union Budget refers to spending that?

A Creates assets or reduces liabilities
B Covers only salaries and pensions
C Covers only subsidies
D Covers only interest payments

"Revenue expenditure" in the budget mainly covers?

A Asset creation
B Day-to-day running expenses like salaries, subsidies, interest payments
C Infrastructure investment only
D Disinvestment proceeds

India's fiscal deficit target under the FRBM framework glide path aims to bring it down to approximately what percentage of GDP in recent medium-term plans?

A 2%
B 4.5%
C 6%
D 8%

The "revenue deficit" refers to the excess of?

A Revenue expenditure over revenue receipts
B Capital expenditure over capital receipts
C Total expenditure over total receipts
D Imports over exports

India's largest source of tax revenue among direct taxes currently is?

A Wealth tax
B Corporate tax and income tax
C Gift tax
D Estate duty

Which of these describes "public debt" of India?

A Only external debt
B Both internal and external borrowings by the government
C Only state government debt
D Only RBI's balance sheet liabilities

The "Non-Resident Indian" investment route for deposits/bonds does NOT include which of these?

A NRE account
B NRO account
C FCNR account
D PPF account (not applicable to NRIs for new investment)

The Foreign Contribution (Regulation) Act (FCR

A regulates? A) Foreign trade tariffs
B Foreign funding/donations to NGOs and individuals
C Foreign direct investment in industry
D Exchange rate policy

India's largest source of FDI inflows in recent years has typically been routed through?

A USA directly
B Singapore and Mauritius (as major routing hubs)
C China
D Russia