Social Sector of Indian Economy – Exercise – 1

Social Sector of Indian Economy » Exercise – 1

1. ‘World Development Report’ is an annual publication of :

(a) United Nations Development Programme
(b) International Bank of Reconstruction and Development
(c) World Trade Organisation
(d) International Monetary Fund

Answer
Answer : (b)
Explanation
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2. Economic growth is usually coupled with :

(a) deflation
(b) inflation
(c) stagflation
(d) hyper inflation

Answer
Answer : (b)
Explanation
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3. The existence of a parallel economy/black money :

(a) Makes the economy more competitive
(b) Makes the monetary policies less effective
(c) Ensure a better distribution of income and wealth
(d) Ensure increasing productive investment

Answer
Answer : (b)
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4. Which of the following statements is/are correct ?

1. High growth will led to inflation.
2. High growth will led to deflation.
Select the correct answer using the codes given below :

(a)  Only 1
(b)  Only 2
(c)  Both 1 and 2
(d)  Neither 1 nor 2

Answer
Answer : (a)
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5. Consider the following statements :

1. Inflation benefits the debtors.
2. Inflation benefits the bond-holders.

Which of the statements given above is/are correct ?

(a)  Only 1
(b)  Only 2
(c)  Both 1 and 2
(d)  Neither 1 nor 2

Answer
Answer : (a)
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