General Awareness : Economics

Monetary Policy in India is laid down and executed by

• Union Government

• ASSOCHAM

• Reserve Bank of India

• FICCI

The Community Development Programme was launched in the year

• 1950

• 1952

• 1951

• 1953

Tick the correct option with regards to the contribution towards GDP (Gross Domestic Product) from Agriculture

• During 1950-51 (GDP 51.88%) and 2011 - 2012 (GDP - 14.01%)

• During 1950-51 (GDP 11.00%) and 2011 - 2012 (GDP - 25%)

• During 1990-91 (GDP 29.53%) and 2011-2012 (GDP 66.77%)

• During 1980-81 (GDP 35.69%) and 2011 - 2012 (GDP 20.69%)

The first Indian Satellite Aryabhatta was launched in

• 1972

• 1975

• 1977

• 1979

GNP calculation through expenditure method does not include

• Gross Domestic Private Investments

• Net Foreign Investments

• Depreciation Expenditures

• Private Consumption Expenditure

A movement along the demand curve of a commodity occurs due to change in

• income of the consumers

• its own price

• taste of the consumers

• expectation of the consumers

The difference in the value of visible exports and visible imports is called

• balance of account

• balance of payments

• balance of trade

• balance sheet of items

Which among the following is termed 'Hot Money'.

• FII

• FDI

• ADR

• GDR

When income increases, consumption also increases

• in the same proportion

• in a lower proportion

• in a higher proportion

• None of these

What according to Communism is the chief enemy of the society?

• Surplus value

• Private property

• Capitalist class

• Religion