Economics Quiz for SSC CGL 2016

1.In India, liberal Industrial Policy was adopted in the year : 

(a) 1948

(b) 1956

(c) 1985

(d) 1991

2.First Industrial Policy of free India was announced in the year :

(a) 1947

(b) 1948

(c) 1951

(d) 1956

3.National Renewal Fund was constituted for the purpose of :

(a)Providing Pension for retiring employees

(b)Social security

(c)Rural reconstruction

(d)Restructuring and modernisation of industries 

4.__________ is the most industrially advanced State in India ?

(a) Maharashtra

(b) Punjab

(c) Gujarat

(d) Tamil Nadu

5.__________ is also called ‘sunrise’ industry :

(a) Copper

(b) Plastic

(c) Automobile

(d) Jewellery

6.Industrial licensing was finally abolished (with a few exception) in the :

(a) Industrial Policy, 1970 

(b) Industrial Policy, 1980

(c) Industrial Policy 1991 

(d) Industrial Policy, 1995

7.Raurkela Steel Plant was set up with the assistance from :

(a) USSR

(b) UK

(c) USA

(d) West Germany

8.In which of the following Industrial Policy Statements , Tiny Unit was defined for the very first time in India? 

(a)New Industrial License Policy 1970 

(b)Industry Policy Statement 1973 

(c)Industrial Policy Statement 1970 

(d)Industrial Policy Statement 1977

9.Public Distribution System(PDS) is operated under the responsibility of the: 

1.Central Government 

2.State Governments 

(a)Only 1

(b)Only 2

(c)Both 1 and 2 

(d)Neither 1 nor 2

10.Consider the following Statements: 

1.Core Inflation is essentially demand driven. 

2.Core Inflation includes items that face volatile price movement. 

Which of the following Statement(s) given above is/are correct?

(a)Only 1

(b)Only 2

(c)Both 1 and 2 

(d)Neither 1 nor 2