National Rural Employment Programme started in ?
Answer: B
The National Rural Employment Programme started in 1980.
It replaced the Food for Work Programme and provided wage employment on public works in the slack agricultural season, with wages paid partly in foodgrain. It was merged into the Jawahar Rozgar Yojana in 1989.
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The data of estimation of India's National income is issued by ?
Answer: C
It is issued by the Central Statistical Organisation.
The CSO, in the Ministry of Statistics and Programme Implementation, has compiled the national accounts since 1954 and publishes the annual National Accounts Statistics. It is now part of the National Statistical Office.
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Who is known as father of economics ?
Answer: A
Adam Smith is called the father of economics.
His An Inquiry into the Nature and Causes of the Wealth of Nations, published in 1776, was the first systematic treatment of the subject. It introduced the division of labour, the invisible hand and the case for free trade.
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Industrial Credit and Investment Corporation of India (ICICI) was established in :
Answer: C
ICICI was established in 1955.
The Industrial Credit and Investment Corporation of India was set up with participation from the World Bank and Indian and British industry, to provide long-term finance to private industry. It merged into ICICI Bank in 2002.
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The best indicator of economic development of any country is ?
Answer: D
The best indicator is per capita income.
It divides national income by population, so it measures the average standard of living rather than the sheer size of the economy - which is why a large but populous economy can still be poor. Its weakness is that it says nothing about how the income is distributed.
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Approx __ % of Indian population is still Agriculturist
Answer: C
About 58 per cent of the population still depends on agriculture.
The proportion has fallen from over 70 per cent at independence, but far more slowly than agriculture's share of national income, which is now under a fifth. That divergence is why rural incomes lag so far behind urban ones.
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Which of the following is not viewed as a national debt ?
Answer: A
Life insurance policies are not national debt.
They are liabilities of the insurer to the policyholder. Provident fund balances, national savings certificates and long-term government bonds are all sums the government has borrowed and must repay, and so form part of the national debt.
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Which industry is the largest ?
Answer: D
The textile industry is the largest.
It is the second largest employer in India after agriculture, supporting some 45 million workers directly, and covers everything from handloom and powerloom to mills and garment manufacture. It also accounts for a large share of manufacturing exports.
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The mineral in which India depends largely on imports is
Answer: D
India depends on imports for mercury.
There are no workable mercury deposits in the country, so the whole requirement is imported. India has large reserves of iron ore, bauxite and mica - it is in fact among the world's leading producers of all three.
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Which Indian got Nobel Prize for Economics ?
Answer: B
Amartya Sen won the Nobel Prize in Economics.
He received it in 1998 for work on welfare economics and social choice, and for showing that famines arise from a loss of entitlement to food rather than from an absence of it. He also devised, with Mahbub ul Haq, the Human Development Index.
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