Day-44 | Daily MCQs | UPSC Prelims | INDIAN ECONOMY

Which of the following is not a function of the NITI Aayog?

Which of the following were the conditions that IMF has put forth for India when India sought help from IMF to tackle the Balance of Payments (BOP) crisis in 1991?

1. Devaluation of the rupee by 22 per cent.
2. All government expenditure to be cut down by 10 per cent annually.
3. Drastic reduction in the peak import tariff from the prevailing level of 130 per cent to 30 per cent.
4. Excise duties to be hiked by 20 per cent to neutralise the revenue shortfalls due to the custom cut.

Select the correct answer using the code given below –

Which of the following were the parts of the economic reform programme that India launched in 1991?

1. India initiated ‘macroeconomic stabilisation measures’ which included all those economic policies which intend to boost the aggregate demand in the economy – be it domestic or external.
2. India launched Structural Reform Measures which includes all the policy reforms which have been initiated by the government to boost the aggregate supply of goods and services in the economy.

Which of the statements given above is/are correct?

Which of the following is/are the likely effect of Inflation in an economy?

1. Inflation redistributes wealth from creditors to debtors i.e. lenders suffer and borrowers benefit out of inflation.
2. Rising inflation indicates rising aggregate demand and indicates comparatively lower supply and higher purchasing capacity among the consumers.
3. Investment in an economy is boosted by the inflation because higher the inflation, the lower is the cost of a loan.

Which of the statements given above is/are correct?

With reference to Agricultural Practices in India, consider the following statements:

1. The Kharif cropping season is from July to October during the South-West Monsoon and the Rabi cropping season is from October to March.
2. The Kharif crops include wheat, barley, oats, chickpea, linseed, mustard etc.
3. The Rabi crops include rice, maize, sorghum, pearl millet/bajra, finger millet, arhar, soybean, groundnut, cotton etc.

Which of the statements given above is/are correct?