WBCS Prelims 2013 Indian Economy Question and Solution

INDIAN ECONOMY QUESTION AND SOLUTION(QUIZ)-WBCS PRELIMS 2013

   In West Bengal Civil Service (WBCS) Preliminary Examination 2013, total 15 questions was asked from Indian Economy.

1. Panchayats in West Bengal are authorised to collect :

[A]  Income Taxes      

[B]  Sales Taxes        

[C]  Toll taxes and water taxes       

[D] Land Revenue

Correct Answer

Correct Answer: [D] Land Revenue

2. National Rural Employment Guarantee Scheme gives right to employment for —

[A]  70 days a year      

[B]  200 days a year      

[C]  100 days a year       

[D] 30 days a year

Correct Answer

Correct Answer: [C]  100 days a year       

3. BPL means :

[A]  Below Poverty Line       

[B]  Behind Public Litigation     

[C]  Beyond Private Limits      

[D] Barren Public Land

Correct Answer

Correct Answer: [A]  Below Poverty Line       

4. Indian Economy is a :

[A]  Totally command economy with no private sector       

[B]  Mixed economy

[C]  Capitalist economy       

[D] None of the above

Correct Answer

Correct Answer: [B]  Mixed economy

5. Kharagpur Railway work-shop was built in :

[A]  1850

[B]  1875

[C]  1900

[D] 1930

Correct Answer

Correct Answer: [C]  1900

6. Planning Commission of India is a —

[A]  Statutory Body

[B]  A department of Central Government

[C]  A department of State Government

[D] A subsidiary of Reserve Bank of India

Correct Answer

Correct Answer: [A]  Statutory Body

7. Structural Adjustment Policy was introduced by India on taking loan from —

[A]  IMF

[B]  World Bank       

[C]  Asian Development Bank       

[D] European Union

Correct Answer

Correct Answer: [A]  IMF

8. India refines _____ M.M.T. of petroleum annually —

[A]  195

[B]  215

[C]  230

[D] 250

Correct Answer

Correct Answer: [B]  215

9. India’s Informal Sector engages.

[A]  93 % of its work force         

[B]  68 % of its work force

[C]  77 % of its work force         

[D] 16 % of its work force

Correct Answer

Correct Answer: [A]  93 % of its work force         

10. Share of the sector in India’s GDP is highest —

[A]  Agricultural sector       

[B]  Industrial sector        

[C]  Services sector        

[D] Foreign Trade sector

Correct Answer

Correct Answer: [C]  Services sector        

11. The Mahalanobis strategy of Indian Planning gave emphasis to the growth of —

[A]  Agricultural sector      

[B]  Services sector

[C]  Heavy Capital Goods Industrial sector       

[D] Small Scale Village Industrial sector

Correct Answer

Correct Answer: [C]  Heavy Capital Goods Industrial sector       

12. Percentage of poor in India is :

[A]  40%        

[B]  83%

[C]  10%

[D] 66.66%

Correct Answer

Correct Answer: [A]  40%        

13. The first jute mill was set up in India in —

[A]  1920

[B]  1850

[C]  1800

[D] 1755

Correct Answer

Correct Answer: [B]  1850

14. Indian Rupee is fully convertible at :

[A]  Current Account      

[B]  Capital Account       

[C]  Trade Account      

[D] None of the above

Correct Answer

Correct Answer: [A]  Current Account      

15. Green Revolution occurred first in —

[A]  Punjab and Haryana        

[B]  Bihar and West Bengal

[C]  Andhra Pradesh and Tamil Nadu       

[D] Gujarat and Maharashtra

Correct Answer

Correct Answer: [A]  Punjab and Haryana