Indian Economy Section 2 MCQs

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46. The National Mission for Saffron has been launched as a subscheme of which among the following programme?

(A) National Food Security Mission
(B) National Horticulture Mission
(C) Rashtriya Krishi Vikas Yojana
(D) National Cash Crop Programme

Correct Answer: (C) Rashtriya Krishi Vikas Yojana

47. Which among the following programme is NOT being implemented in India with assistance of World Bank?

(A) National Vector Borne Disease Control and Polio Eradication
(B) National Rural Livelihoods Project
(C) PMGSY Rural Roads Project
(D) Delhi Mumbai Industrial Corridor Project

Correct Answer: (A) National Vector Borne Disease Control and Polio Eradication

48. Why the Indirect taxes are termed regressive taxing mechanisms?

(A) They are charged at higher rates than direct taxes
(B) They are charged the same for all income groups
(C) They are not charged the same for all income groups
(D) None of the above is a correct reason

Correct Answer: (B) They are charged the same for all income groups

Answer Explanation:
The indirect taxes like VAT etc are paid by everyone if they buy any product irrespective of financial conditions. Direct taxing is considered the most progressive taxing mechanisms because they justify the income levels of the people

49. Currently, which among the following products is facing imports ban from China?

(A) Milk and Milk products
(B) Rice
(C) Telecom equipment
(D) Heavy electrical engineering equipment

Correct Answer: (A) Milk and Milk products

Answer Explanation:
Import of milk and milk products have been banned owing to presence of toxic melamine content in the milk which started in 2008 and is being extended. On a special note India doesn’t import any milk or milk products from china and it is banned as a preventive measure.

50. Which among the following closest instrument to Gold ETF?

(A) Debenture
(B) G-Sec security
(C) Mutual Fund
(D) Commercial Paper

Correct Answer: (C) Mutual Fund

Answer Explanation:
Gold ETFs (Paper Gold) are mutual fund schemes that invest in standard gold bullion (of 99.5% purity). The value of an ETF is based on price of gold. These are alternative to owning physical gold.
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