Social Sector of Indian Economy – 1 – 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

EXPLANATION

2. Economic growth is usually coupled with :

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

ANSWER

EXPLANATION

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

EXPLANATION

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

EXPLANATION

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

EXPLANATION

1 2

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