Know Your World - 63

1. In which type of coal percentage of carbon is the highest?

Anthracite

2. In which ocean is Diamantina Trench situated?

Indian Ocean

3. Which beach is visited by Olive Ridley turtles annually for mass nesting?

Gahirmatha

4. The Himalayan mountain system belongs to which mountains?

Fold mountains

5. Which are the oldest mountains in India according to geographical history?

Aravallis

6. Which is the river with highest tidal bore in India?

Hoogli

7. Which is a land-locked sea?

Aral Sea

8. Which would be most suited for an area which has only two months of scanty rainfall in a year?

Pulse

9. Which crop is grown in India mainly by dry farming?

Millet

10. The mapping of which part of earthis most difficult?

Interior of the earth

11. The tropopause occurs at the equator at a height of howmany kilometers?

17 km

12. 97% of the atmosphere lies with in howmany kilometers of the surface of the earth?

5 km

13. Primitive people practice animal rearing in the tropical grasslands of which area?

East Africa

14. What are the Low-latitude grasslands in south America called?

Pampas

15. Which states is the leading producer of tea?

Assam

16. What is the ‘Solar Corona’ mainly?

Consists of molten lava

17. Which wind in the northern hemisphere, the wind blowing from the Horse latitudes to the Doldrums?

Trade wind

18. Which Warm dry winds blowing down the east slopes of Rockies?

Chinook

19. During the reign of Emperor Akbar, who where the famous men Haribans, Mukund and Daswant?

Painters

20. In which year was the Indian Space Research Organization (ISRO) founded?

969

21. The Kiel Canal links which seas?

North Sea and Baltic Sea

22. On which river are Victoria Falls in Africa located?

River Zambezi

23. What is the inflation experienced in the country at present?

Cost-push inflation

24. Which sets of cities is located on the reference longitude for Indian standard time?

Kakinanda-Pondicherry

25. The Konkan Coast stretches between which regions?

Goa and Cochin

26. Where is the Central Water and Power Research Station located?

Khadakwasla

27. Soil can best be conserved on the hills by which of the cultivating methods?

Contour ploughing

28. Which is the most important small-scale industry in India?

Handloom

29. Why does north-western India receive substantial rainfall during winter months?

Westerly disturbances

30. The Archaeological Survey of India is an attached office of which Department/Ministry?

Culture

Know Your World - 62

1. What is an intrusion of magma along a bedding plane is called?

Batholith

2. Which is the highest coal-producing country in the world?

China

3. Which country has the largest number of land-border neighboring countries?

Russia

4. Where are Mulberry trees grown mainly for silk production in China?

Yangtze delta

5. Which is known for extensive tropical rain forest?

Congo basin

6. When was petroleum discovered first in commercial quantities in India?

1890

7. On which date does Summer Solstice in the Southern Hemisphere occur?

December, 22

8. How much does one degree of the circumference of the earth measure (approx.)?

111 km

9. Who are not protected against inflation?

Agricultural farmers

10. In the earth’s atmosphere, what changes in the atmospheric pressure?

Decreases with height

11. Where are the tropical cyclones-Hurricanes and Typhoons-develop and mature?

Any where in the tropical zone

12. Which pair of states is the leading producer of tabacco in India?

Andhra Pradesh and Gujarat

13. In how many time zones has the world been divided into?

24

14. Which explains that all the galaxies are receding from?

Red shift

15. What is a Doldrums?

Tropical no-wind belt

16. Which is a tropical monsoon crop?

Wheat

17. Which geomorphic processes are associated with the work of glaciers?

Plucking

18. From which rocks is the soil material mainly derived?

Sedimentary rocks

19. Which pair of ocean currents meets each other near Newfound land?

Gulf stream and Labrador

20. The Dogger Bank, the main fishing area of Europe, where is this area?

North Sea

21. Which is another name of RDX?

Cycionite

22. Which Indian State has the minimum total forest cover?

Haryana

23. Among the Union Territories which has the highest literacy rate?

Lakshadweep

24. The river Cauvery originates from which state?

Karnataka

25. Which is the main river flowing in the state of Jammu and Kashmir?

Jhelum

26. Why does the western coast of India receive very high rainfall in summer mainly?

Due to western Ghats

27. In India which is the State with the largest area under very dense forests?

Arunachal Pradesh

28. Which country is the biggest producer of mango?

India

29. What was the capital of Kakatiya dynasty?

Warangal

30. Which lake lies in the ‘Dead heart of Australia’?

Eyre

Know Your World - 61

1. Operation blackboard aims at ____

Promoting adult literacy

2. In India, present trend of rapid urbanization is due to ____

Lack of employment opportunities in rural areas

3. Under the provision of national rural employment guarantee act 2005, women are to get priority to the extent that one half of persons who are given employment are women who have asked for work. True or false

TRUE

4. What is the minimum calorie intake decided by the planning commission for rural and urban areas respectively ____

2400 and 2100

5. For which purpose government launched the Rajiv awas yojana?

To provide affordable houses to slum dwellers and the urban poor

6. Which amount of insurance cover provided to the workers of the unorganized sector under rashtriya swasthya bima yojana?

Rs.30,000

7. Government does not provide direct financial assistance to jeevan sathi yojana. True or false

TRUE

8. When the productive capacity of the economic system of a state is inadequate to create sufficient number of jobs it is called?

Structural unemployment

9. Poverty in less developed countries is largely due to ____

Income inequality

10. Who presented the first union budget of independent India?

Rk shammukham chetty

11. First bank in India was ____

Bank of Hindustan

12. Full form of IFSC is ____

Indian financial system code

13. What is known as the open market operation of the RBI?

Trading in securities

14. The ratio of a bank’s cash holdings to its total deposit liabilities is called the ____

Cash Reserve Ratio

15. In a business, raw materials, components, work in progress and finished goods are jointly regarded as ____

Inventory

16. The difference between the GNP and NNP is equal to the ____

Capital depreciation

17. Interest on public debt is a part of ____

Transfer payments by the government

18. Examples of infrastructure investment are ____

Power project, railways project, telecommunications

19. Merchant banking is an institution which provides finances to ____

International trade among countries

20. The method of calculating the national income by the method is otherwise known as ____

Net output method

21. Who are the creditors of corporation?

Both Bond and Stock holders

22. Equilibrium price means ____

Price determined by demand and supply

23. One of the objectives of Industrial Licensing Policy in India was to ensure ____

Free flow of foreign capital in Indian industries

24. Which is the first public sector corporation of independent India?

Damodar Valley Corporation

25. Which one of the following taxes is collected and utilized by the State Governments?

Land revenue

26. What is “book-building”?

A process of inviting subscriptions to a public offer of securities, essentially through a tendering process

27. Under the minimum reserve system, the Reserve Bank of India as the sole authority of note issue is required to maintain assets worth not less than ____

200 cores of rupees

28. Which of the following is the biggest head of non-plan expenditure of Government of India?

Interest payments

29. When marginal utility is zero, the total utility is ____

Maximum

30. Which one of the following currencies has the highest value in terms of rupee?

Pound

Know Your World - 60

1. Industrial policy resolution took place in ___

1956

2. Setting up of planning commission was done in ___

1950

3. Nationalization of 14 commercial banks took place in ___

1969

4. Success of 4th plan was obstructed by

Poor monsoon; war with Pakistan; problem of Bengal refugees

5. The "slack season" in the Indian economy is ___

Jan-June

6. The nationwide scheme of the National Child Labor Projects(NCLP) is run by the ___

Union ministry of social justice and empowerment

7. Gurupadswamy committee death with the issues of ___

Child labor

8. Which states has the largest concentration of rural poor and people living below poverty line?

Andhra Pradesh, Karnataka, Tamil Nadu

9. India’s wage policy is based on ___

Cost of living

10. Unemployment which occurs when workers move from one job to another job is known as ___

Frictional unemployment

11. The type of unemployment mostly found in India can be characterized as ___

Disguised

12. Disguised unemployment in India is mainly related to ___

Agricultural sector and rural area

13. Reason for disguised unemployment in rural areas is ___

Low levels of technological development in the country

14. Unemployment in developing country generally takes place due to ___

Lack of complementary factors of production

15. Cyclical unemployment refers to ___

Unemployment during recessionary phase of a trade cycle

16. Which committee's recommendations are being followed for estimating poverty line in India?

Lakdawala committee

17. Poverty in terms of basic minimum calorie requirements is called ___

Absolute poverty

18. Who are eligible to benefit from the "Mahatma Gandhi national rural employment guarantee act"?

Adult members of any household

19. The difference between the poverty line and actual income levels of all those living below that line is called ___

Poverty gap

20. Hariyali is a watershed development project sponsored by the ___

Central government

21. The food for work programme was renamed as ___

National rural employment programme(nrep)

22. Pradhan mantri gramodya yojana aims at ___

Meeting rural needs like primary education, health care, drinking water, housing, rural roads

23. DWCRA stands for ___

Development of women and children in rural areas

24. Which is a revamp of the integrated rural development programme?

Swarnajayanti gram swarozgar yojana

25. What is the main objective of antyodaya programme?

Uplift the poor

26. Which central government scheme aims at enhancing the livelihood security of the people in rural areas by guaranteeing hundred days of employment in a financial year to a rural household whose adult members volunteer to do unskilled manual work?

MNREGA

27. The minimum needs programme aims to ___

Improve the living conditions of the poor and also promote their education and health

28. The rural landless employment guarantee programme(RLEGP) is an extension of ___

National rural employment programme(NREP)

29. What is nirmal gram puraskar?

It is an incentive scheme of panchayati raj institutions

30. The strategic aim of IRDP is ___

To provide more opportunities for rural employment and credit facilities at concessional rate of interest

Know Your World - 59

1. Globalization of Indian economy means ___

Having minimum possible restrictions on economic relations with other countries

2. The contribution of agriculture to India’s economy is ___

Decreasing

3. Which body finalizes the five year plan proposals?

National development council

4. Which features indicate that Indian economy is of the developing category?

Occupation mainly agricultural; chronic unemployment; poor quality of human capital; low per capita intake of proteins

5. Dadabhai Naoroji theorized on the drain of wealth from India in his book ___

Poverty and unbritish rule in India

6. What are the long term objectives of Indian planning?

Self reliance and productive employment generation

7. Which five year plan recognized human development as the core of all developmental efforts?

Eighth five year plan

8. In which five year plan preference was given to the weaker sections of the society?

Fifth

9. The second five year plan laid more stress upon ___

Industrialization

10. The steel plants at Durgapur, bhilai and Rourkela were established during the period of ___

Second five year plan

11. What is the correct sequence of strategies used for five year plans in India?

Rehabilitation of the economy>industrial development>balanced growth

12. During which five year plan was the total expenditure on agriculture the highest?

Fourth five year plan

13. The objective of self reliance and zero net foreign aid was declared in ___

Fourth five year plan

14. Who was the author of the chapter on "objectives of planned development" for the third five year plan?

Morarji Desai

15. In which five year plan the actual growth performance in respect of GDP was less than the target set?

Ninth five year plan

16. The 11th five year plan strategy to raise agricultural output envisages ___

Greater attention to land reforms; double the rate of growth of irrigated area; promote animal husbandry and fishery

17. Food for Work programmed was launched during which plan?

10th plan

18. Who was the first chairman of the planning commission?

J l Nehru

19. In India single biggest employment is ___

Agriculture and allied activities

20. Indian planning commission is not defined in Indian constitution. Members and vice chairman of it do not have fixed working duration. Members do not require any minimum education. True or False

TRUE

21. Which are indicators of financial health of country?

GDP; PPP; FDI in a year

22. In which plan a shift in the pattern of industrialization with lower emphasis on heavy industries and more on infrastructure begins?

Eighth plan

23. What is "melt down" in finance?

Fall in stock prices

24. The Nehru-Mahalanobis strategy of development guided the planning practice in India from the ___

Second to seventh five year plan

25. Rolling Plan is a plan for the current year which includes the annual budget. It is revised every year as per requirements of the economy. True or False

TRUE

26. A "closed economy" is an economy in which ___

Neither exports nor imports take place

27. In which plan was the growth rate target exceeded ___

First plan

28. The concepts of "minimum heeds" and "directed anti poverty programmes" were the innovations of which plan ___

Fifth plan

29. During which plan did prices show a decline?

First plan

30. Year of great divide is ___

1921

Know Your World - 58

1. 70% of working population of India is engaged in ___

Primary sector

2. Economic survey is published by ___

Ministry of finance

3. Who is called the father of economics ___

Adam smith

4. The concept of five year plans in India was introduced by ___

Jawaharlal Nehru

5. Type of economy in India is ___

Mixed economy

6. India opted for mixed economy in ___

Industrial policy of 1948

7. Mixed economy means an economy where ___

There is coexistence of public sector along with private sector

8. What have prevented the 'trickle down' effects in Indian economy?

Increased dependence of agriculture on purchased inputs and previously managed irrigation; lowered participation of women in agricultural workforce due to new technology

9. The deputy chairman of the planning commission holds the rank of ___

A cabinet minister

10. Who was the first deputy chairman of planning commission of India?

Shri V.T.Krishnamachari

11. The planning commission of India was set up in ___

1950

12. Microeconomics is concerned with ___

Behavior of industrial decision-makers; determination of prices of goods and services

13. Indicative planning being pursued in India since the ___

8th plan

14. The secretary of the planning commission of India is also the secretary of national development council. True or false

TRUE

15. The basic objectives of Indian planning are ___

Economic growth, self reliance, employment generation

16. An undeveloped economy is generally characterized by ___

Low per capita income, low rate of capital formation

17. Self reliance in the economic context implies that a country ___

Has sufficient foreign exchange reserves to buy all its needs; meets its demand for certain vital goods and services from its domestic production

18. What gives an accurate measurement of economic development through five year plans ___

Rise in national income and per capita income

19. In India, public sector is most dominant in ___

Commercial banking

20. The first attempt to initiate economic planning in India was made by ___

M Visvesvaraya

21. The decentralization system was recommended by ___

Balwant rai Mehta

22. The main objective of first five year plan was ___

Development of agriculture including irrigation and power projects

23. India had a plan holiday after the drought of ___

1966

24. Rolling plan was designed for the period ___

1978-83

25. The strategy of rolling plan was adopted during the prime minister ship of ___

Morarji Desai

26. A rolling plan was a plan for ___

One year

27. The basic feature of the rolling plans was that ___

Annual fluctuations in prices and major economic developments could be considered while fixing targets

28. The growth rate of agricultural production was negative in the ___

Third plan

29. Who plans the five year plans?

Planning commission

30. Who wrote the book "planned economy for India"?

M Visvesvaraya

Know Your World - 57

1. In World Bank, the Board of Governors is the supreme body and the voting power of the Governor of a member country is related to the financial contribution of the country concerned. True or False

TRUE

2. Which one of the following best describes the nineteenth century gold standard system?

Automatic system with fixed exchange rates

3. Which of the following are the components of foreign capital?

Grants and loans, External commercial borrowings, Foreign direct investment, Deposits from non-residents.

4. Which one of the following situations occurs during the period when borrowers and lenders expect inflation?

The nominal rate of interest equals the real rate of interest

5. According to the classical theory of employment, deviations from the state of full employment are of:

Purely temporary nature

6. Which one of the following is related to the theory that supply created its own demand and therefore full employment Is a natural situation?

Say’s law

7. According to Keynes, which one of the following is meant by liquidity preference?

Desire to hold cash

8. Which of the following are included in broad money (M 3) in India?

Currency with the public, Demand deposits with banks, Time deposits with banks, "Other‟ deposits with RBI.

9. Loss of information occurs during?

Collection of data

10. The first State in India- which published its State Human Development Report, is?

Kerala

11. The Utility Index Number has been developed by?

Neumann and Morgenstern

12. The best average for the construction of index number is?

Geometric mean

13. The minimum price below which the seller will not sell the goods, is known as?

Reserve price

14. Automatic stabilizer is a tool of?

Taxation policy

15. The price of a commodity will increase if the increase in demand is?

More than increase in supply

16. The following Industrial Policy Resolution is known as the Economic Constitution of India?

Industrial policy, 1956

17. If two regression lines are perpendicular to each other, the correlation coefficient will be?

Zero

18. Who is known as the „Architect‟ of Indian Planning?

M. Visvesaraia

19. The entertainment tax in India was first introduced in the State of?

Bengal

20. Arithmetic mean of deviation is always?

Equal to zero

21. Elinor Ostrom, the first woman to win the Nobel Prize in economics in 2009. Has been awarded for her contribution in the field of?

Management of common property

22. National development council was set up in

1952

23. Economic planning is a subject of ___ list

Union list

24. For internal financing of five year plans, the government depends on:

Taxation only

25. The national development council gets its administrative support from:

Planning commission

26. The five year plans of India intend to develop the country industrially through:

The public, private, joint and cooperative sectors

27. The ex-officio chairman of the planning commission and national development council is

Prime minister

28. The planning commission is

An advisory body

29. Take off stage in an economy means

Steady growth begins

30. Planning in India derives its objectives from

Directive principles of state policy