India Economy for NTA UGC NET JRF Paper 1 – Nav Classes by Navdeep Kaur

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1. Export of which of the following is an Invisible Export?

[A] Services
[B] Prohibited goods
[C] Unrecorded goods
[D] Goods through smuggling

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Answer 1
Explanation: Any export that does not have a tangible physical presence (e.g. expertise, insurance underwriting). Here, Invisible Export means export of Services. ©navclasses

2.An autonomous increase in expenditure should result in an increase in a country’s real GNP only if ?

[A] The country’s balance of trade is negative
[B] The country’s economy is working under conditions of less than full employment
[C] It is government expenditure
[D] The multiplier is at least 1.5

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Answer 2
Explanation: When the economy is working under conditions of less than full employment, the GDP gap is positive and the economy operates at less than potential. At this point, an increase in expenditure would result in an increase in a country’s real GNP. ©navclasses

3. Which among the following revolutions is related to ‘fertilizers’?

[A] Silver Revolution
[B] Grey Revolution
[C] Golden Revolution
[D] Pink Revolution

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Answer 2
Explanation: Green Revolution- Food grains,
White Revolution Milk,
Yellow Revolution-Oil seeds,
Blue Revolution-Fisheries
Golden Revolution-Fruits;
Silver Revolution-Eggs,
Round Revolution Potato,
Pink Revolution-Meat,
Grey Revolution (Fertilizers)
©navclasses

4.Which among the following is world’s largest foreign exchange market ?

[A] New York
[B] London
[C] Tokyo
[D] Moscow

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Answer 2
Explanation: London followed by New York, Tokyo, Zurich and Frankfurt. ©navclasses

5. At which of the following places first Land Development Bank was established in India?

[A] Punjab
[B] Mumbai
[C] Madras
[D] Pune

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Answer 1
Explanation: The first LDB was started at Jhang in Punjab in 1920. They were called Land Mortgage banks at that time. ©navclasses

6.Reserve Bank of India is bound to maintain a reserve against the note issue whatever may be the amount. This system is called as follows:

[A] Minimum Reserve System
[B] Proportional Reserve System
[C] Maximum Fiduciary Issue system
[D] Simple deposit system

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Answer 1
©navclasses

7. Which among the following has been adopted by the Tendulakar committee for measuring poverty?

[A] Welfare measures
[B] Cost of Living
[C] Inequality & growth
[D] mobility/vulnerability analyses

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Answer 2
©navclasses

8.The beginning of the micro finance movement in India could be traced to the self-help group (SHGs) – bank linkage programme (SBLP) started as a pilot project by National Bank for Agricultural and Rural Development (NABARD). In which year this pilot project had started?

[A] 1990
[B] 1991
[C] 1992
[D] 1999

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9. In which year the Ministry of Non-conventional Energy Resources was changed into Ministry of New & Renewable Energy ?

[A] 2002
[B] 2004
[C] 2006
[D] 2008

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10. In which year the Bank of Baroda entered the capital market with an Initial Public Offering (IPO)?

[A] 1990
[B] 1992
[C] 1995
[D] 1996

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