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Indian Economy GK Questions with Answers – Page 20

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Indian Economy multiple choice questions with answers and explanations, 20 per page, for SSC, Banking, UPSC, Railway and state exams.

1127 questions

Q381.Indian EconomyHard

The right to property ceased to be a fundamental right in India by which constitutional amendment?

  1. A.Twenty-fifth Amendment
  2. B.Forty-second Amendment
  3. C.Forty-fourth Amendment
  4. D.Seventy-third Amendment
Show answer
Correct answer: C. Forty-fourth Amendment

Passed in 1978, it deleted the right to property from Part III and re-enacted it as Article 300A, under which no person may be deprived of property except by authority of law, so the protection is now a legal right enforceable through the ordinary courts rather than a fundamental right.

Q382.Indian EconomyHard

In the context of land ceiling laws, a benami transfer means

  1. A.the sale of land to a cooperative society
  2. B.the transfer of land in the name of another person to hide real ownership
  3. C.the lease of land to a sharecropper for a fixed share
  4. D.the exchange of scattered plots to form a compact field
Show answer
Correct answer: B. the transfer of land in the name of another person to hide real ownership

A benami transfer records land in the name of a relative, a servant or a fictitious person while the real owner keeps control, and it was the commonest device used to stay within the family ceiling on paper while holding far more land in fact, which is one reason so…

Q383.Indian EconomyMedium

Consolidation of holdings in India has been most successful in which group of states?

  1. A.Kerala and Tamil Nadu
  2. B.Punjab, Haryana and western Uttar Pradesh
  3. C.Odisha and West Bengal
  4. D.Assam and Tripura
Show answer
Correct answer: B. Punjab, Haryana and western Uttar Pradesh

These states made consolidation compulsory and completed it over most of their cultivated area, exchanging a farmer's scattered strips for one compact block, which made tube wells, tractors and field channels worth installing and so fed into the green revolution.

Q384.Indian EconomyMedium

Under the Constitution, land and land tenures fall in which legislative list?

  1. A.Union List
  2. B.State List
  3. C.Concurrent List
  4. D.Residuary powers of Parliament
Show answer
Correct answer: B. State List

Land, rights in and over land, land tenures, the relation of landlord and tenant, and the collection of rent are entries of List II of the Seventh Schedule, which is why zamindari abolition, tenancy law and ceilings were enacted state by state and why their record varies so much.

Q385.Indian EconomyMedium

The Bhoodan movement was started in 1951 by whom and at which place?

  1. A.Jayaprakash Narayan at Sitabdiara
  2. B.Vinoba Bhave at Pochampally
  3. C.Mahatma Gandhi at Sevagram
  4. D.N.G. Ranga at Guntur
Show answer
Correct answer: B. Vinoba Bhave at Pochampally

Walking through the villages of the Telangana region in 1951 he asked landowners to treat the landless as their own kin and to gift a share of their land, and the first such gift at Pochampally began the Bhoodan or land gift movement, later extended as Gramdan, the gift of…

Q386.Indian EconomyMedium

Operation Barga, the programme to record and protect sharecroppers, was carried out in which state?

  1. A.Kerala
  2. B.West Bengal
  3. C.Bihar
  4. D.Maharashtra
Show answer
Correct answer: B. West Bengal

From 1978 the state government ran a campaign to enter the names of sharecroppers, known there as bargadars, in official records, which gave them a permanent and heritable right to cultivate and a legally fixed share of the crop, and it is quoted as the most effective tenancy reform in…

Q387.Indian EconomyMedium

Which amendment of the Constitution added the Ninth Schedule in order to protect land reform laws from challenge?

  1. A.First Amendment, 1951
  2. B.Fourth Amendment, 1955
  3. C.Seventeenth Amendment, 1964
  4. D.Forty-fourth Amendment, 1978
Show answer
Correct answer: A. First Amendment, 1951

Courts had begun to strike down zamindari abolition laws as a breach of the right to property, so Parliament inserted Articles 31A and 31B and created the Ninth Schedule, in which a law can be placed to put it beyond challenge on the ground that it takes away a fundamental…

Q388.Indian EconomyMedium

The Ryotwari system of land revenue is associated chiefly with which official?

  1. A.Holt Mackenzie
  2. B.Thomas Munro
  3. C.John Shore
  4. D.Lord Cornwallis
Show answer
Correct answer: B. Thomas Munro

Working with Alexander Read in the ceded districts and later as Governor of Madras, Munro settled the revenue directly with each cultivator, the ryot, who was recognised as the owner of his field so long as he paid, with the demand revised every twenty or thirty years.

Q390.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2024, GS Paper IMedium

With reference to the Indian economy, "Collateral Borrowing and Lending Obligations" are the instruments of :

  1. A.Bond market
  2. B.Forex market
  3. C.Money market
  4. D.Stock market
Show answer
Correct answer: C. Money market

CBLO was a short-term borrowing and lending instrument backed by government securities, which places it in the money market. The money market deals in funds lent for short periods, from overnight up to one year, through instruments such as call money, treasury bills, commercial paper, certificates of deposit and repos.

Q391.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2017, GS Paper IMedium

Who among the following can join the National Pension System (NPS) ?

  1. A.Resident Indian citizens only
  2. B.Persons of age from 21 to 55 only
  3. C.All State Government employees joining the services after the date of notification by the respective State Governments
  4. D.All Central Government employees including those of Armed Forces joining the services on or after 1st April, 2004
Show answer
Correct answer: C. All State Government employees joining the services after the date of notification by the respective State Governments

Each state brings its new recruits under NPS from the date it notifies, so this group can join. The National Pension System replaced the old defined-benefit pension for new Central Government employees from 1 January 2004, and states adopted it one by one through their own notifications.

Q392.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2016, GS Paper IEasy

'Mission Indradhanush' launched by the Government of India pertains to

  1. A.immunization of children and pregnant women
  2. B.construction of smart cities across the country
  3. C.India's own search for the Earth-like planets in outer space
  4. D.New Educational Policy
Show answer
Correct answer: A. immunization of children and pregnant women

Mission Indradhanush is the Health Ministry's drive to vaccinate every child and pregnant woman left out of routine immunisation. The mission was launched on 25 December 2014 to raise full immunisation coverage among children under two years and pregnant women.

Q394.Indian EconomyAsked in: CDS · CDS-II 2023, GKMedium

As per the Cabinet Resolution of 1st January, 2015, the NITI Aayog consists of : 1. Prime Minister of India 2. Governing Council comprising Chief Ministers of all the States and Lieutenant Governors of Union Territories 3. Rural Development Minister 4. Chief Executive Officer to be appointed by the Prime Minister. Select the correct answer using the code given below:

  1. A.1, 2 and 3
  2. B.1, 2 and 4
  3. C.1 and 2 only
  4. D.3 and 4 only
Show answer
Correct answer: B. 1, 2 and 4

The resolution that created NITI Aayog names the Prime Minister as Chairperson, a Governing Council of Chief Ministers and Lieutenant Governors, and a Chief Executive Officer appointed by the Prime Minister.

Q396.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2018, GS Paper IHard

With reference to the provisions made under the National Food Security Act, 2013, consider the following statements :

1. The families coming under the category of 'below poverty line (BPL)' only are eligible to receive subsidised food grains.

2. The eldest woman in a household, of age 18 years or above, shall be the head of the household for the purpose of issuance of a ration card.

3. Pregnant women and lactating mothers are entitled to a 'take-home ration' of 1600 calories per day during pregnancy and for six months thereafter.

Which of the statements given above is/are correct ?

  1. A.1 and 2
  2. B.2 only
  3. C.1 and 3
  4. D.3 only
Show answer
Correct answer: B. 2 only

The Act makes the eldest woman of 18 or above the head of the household for the ration card, but the other two statements misstate it.

Q397.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2019, GS Paper IMedium

In a given year in India, official poverty lines are higher in some States than in others because

  1. A.poverty rates vary from State to State
  2. B.price levels vary from State to State
  3. C.Gross State Product varies from State to State
  4. D.quality of public distribution varies from State to State
Show answer
Correct answer: B. price levels vary from State to State

A poverty line is the money needed to buy a minimum basket of goods, and that basket costs more in some States than in others.

Q398.Indian EconomyHard

The Wholesale Price Index in India is released by the Office of the Economic Adviser, which works under

  1. A.The Ministry of Finance
  2. B.The Ministry of Commerce and Industry
  3. C.The Ministry of Statistics and Programme Implementation
  4. D.The Ministry of Labour and Employment
Show answer
Correct answer: B. The Ministry of Commerce and Industry

The Office of the Economic Adviser in the Department for Promotion of Industry and Internal Trade, which is a department of that ministry, compiles and releases the Wholesale Price Index every month, along with the index of eight core industries; the wholesale index covers primary articles, fuel and power and…

Q399.Indian EconomyHard

The Index of Industrial Production in India is compiled and released by

  1. A.The Reserve Bank of India
  2. B.The National Statistical Office
  3. C.The Department for Promotion of Industry and Internal Trade
  4. D.The Labour Bureau
Show answer
Correct answer: B. The National Statistical Office

The index measures the short term change in the volume of production of the industrial sector and is published every month, with mining, manufacturing and electricity as its three sectors and a use-based classification into primary goods, capital goods, intermediate goods, infrastructure and construction goods, consumer durables and consumer non-durables.

Q400.Indian EconomyHard

Which Act provides the legal framework for the collection of official statistics in India?

  1. A.The Census Act, 1948
  2. B.The Collection of Statistics Act, 2008
  3. C.The Right to Information Act, 2005
  4. D.The Indian Statistical Institute Act, 1959
Show answer
Correct answer: B. The Collection of Statistics Act, 2008

It empowers the Union, the State and local governments to collect statistics on economic, demographic, social, scientific and environmental matters, obliges the informant to furnish the information asked for, and bars the disclosure of the information of an individual informant for any purpose other than statistics; it was amended in…