WBCS Prelims 2015 Indian Economy Question and Solution

INDIAN ECONOMY QUESTION AND SOLUTION(QUIZ)-WBCS PRELIMS 2015

   In West Bengal Civil Service (WBCS) Preliminary Examination 2018, total 20 questions was asked from Indian Economy.

1. In which of the following plans did India experience two successive wars?

[A]  Second Five Year Plan      

[B]  Third Five Year Plan      

[C]  Fourth Five Year Plan      

[D] Fifth Five Year Plan      

Correct Answer

Correct Answer: [B]  Third Five Year Plan      

2. The first plan holiday in independent India covered the period

[A]  1965-67

[B]  1966-68

[C]  1966-69

[D] 1965-68

Correct Answer

Correct Answer: [C]  1966-69

3. The New Agricultural Strategy was introduced in India in the decade of –

[A]  1950’s

[B]  1960’s

[C]  1970’s

[D] None of the above

Correct Answer

Correct Answer: [B]  1960’s

4. An economy may be analytically classified into-

[A]  Agriculture, Industry and transport

[B]  Agriculture, Manufacturing and Services

[C]  Primary, secondary and Tertiary Sectors

[D] Primary, Manufacturing and Transport Sectors

Correct Answer

Correct Answer: [C]  Primary, secondary and Tertiary Sectors

5. Which of the following institutions of India is the chief advisory body on the distribution of tax revenue between the Centre and the States?

[A]  The Planning Commission       

[B]  The Finance Commission      

[C]  The Lok Sabha      

[D] The Rajya Sabha

Correct Answer

Correct Answer: [A]  The Planning Commission       

6. Peasant farming means-

[A]  The tenant cultivates the land

[B]  The cultivator is the land owner

[C]  Cultivation is tone by hired labour

[D] None of the above

Correct Answer

Correct Answer: [B]  The cultivator is the land owner

7. NABARD is associated with

[A]  Industrial development       

[B]  Urban development 

[C]  Rural development       

[D] Development of railways

Correct Answer

Correct Answer: [C]  Rural development       

8. The credit co-operative institution at the village level is called-

[A]  Primary Agricultural Credit Society

[B]  Rural Agricultural Credit Society

[C]  Agricultural Loan Society

[D] Rural Bank

Correct Answer

Correct Answer: [A]  Primary Agricultural Credit Society

9. If the rural landlord also supplies rural credit to the tenants, it is called

[A]  Feudalism

[B]  Semi-feudalism       

[C]  Capitalism   

[D] Capitalist farming

Correct Answer

Correct Answer: [D] Capitalist farming

10. Industrial credit is available from

[A]  IDBI

[B]  IFCI

[C]  SFCS

[D] All of the above

Correct Answer

Correct Answer: [D] All of the above

11. The Railway Budget of India is

[A]  Part of the Union Budget

[B]  A part of the State Budget

[C]  Separate from the Union Budget

[D] None of the above

Correct Answer

Correct Answer: [C]  Separate from the Union Budget

12. ‘Mouza’ in the Indian census refers to

[A]  Community development block     

[B]  Revenue Village      

[C]  Small police station      

[D] None of the above

Correct Answer

Correct Answer: [C]  Small police station      

13. How many private commercial banks were nationalised in 1969?

[A]  12

[B]  13

[B]  14

[D] 15

Correct Answer

Correct Answer: [B]  14

14. Petroleum Refineries in India mostly have

[A]  Port locations      

[B]  Oilfield locations       

[C]  Pipeline terminal locations       

[D] All of the above

Correct Answer

Correct Answer: [D] All of the above

15. The monetary policy of India is framed by –

[A]  The Government of India       

[B]  The Reserve Bank of India

[C]  The State Bank of India          

[D] None of the above

Correct Answer

Correct Answer: [B]  The Reserve Bank of India

16. The first five year plan in India was introduced in the year-

[A]  1947

[B]  1950

[C]  1951

[D] 1955

Correct Answer

Correct Answer: [C]  1951

17. The one rupee currency notes of India are issued by

[A]  The Ministry of Finance, Govt. of India      

[B]  The Reserve Bank of India

[C]  The State Bank of India        

[D] None of the above

Correct Answer

Correct Answer: [A]  The Ministry of Finance, Govt. of India      

18. Heavy industrialisation was introduced in India in the –

[A]  First Five Year Plan      

[B]  Second Five Year Plan      

[C]  Third Five Year Plan      

[D] Fourth Five Year Plan      

Correct Answer

Correct Answer: [B]  Second Five Year Plan      

19. The EXIM Bank of India deals with

[A]  The peasants of India     

[B]  The industrial workers of India

[C]  The exports and imports of India        

[D] The members of the Indian Parliament

Correct Answer

Correct Answer: [C]  The exports and imports of India        

20. Marginal workers are people with

[A]  Less than 183 days of work in a census year

[B]  More than 183 days of work in a census year

[C]  Only 183 days of work in a census year

[D] None of the above

Correct Answer

Correct Answer: [A]  Less than 183 days of work in a census year