Basic Economic Data

 

Q 1. Consider the following statements

Find out the correct statements

  1. WPI is compiled by CSO.
  2. CPI is compiled by Economic adviser to PM.
  1. Only 1
  2. Only 2
  3. Both 1 and 2
  4. Neither 1 and Nor 2

 

Explanation:

Ans:D

It is Vice Versa.

 

Q 2. Consider the following statements

Find out the correct statements

  1. Annual survey of industries compile the data for all the industries operating in India.
  2. MPLAD is non lapsable grant give to every MP to use in this constituency funded by Centre govt. Of India  
  1. Only 1
  2. Only 2
  3. Both 1 and 2
  4. Neither 1 and Nor 2

 

Explanation:

Ans:B

Annual survey of Industries do not conduct survey for defence , oil storage, restaurants, hotels, cafe and computer services.

 

Q 3. Consider the following statements

Find out the correct statements

  1. Index of Industrial production publishes the data with time lag of 6 weeks
  2. IIP is released every month.
  1. Only 1
  2. Only 2
  3. Both 1 and 2
  4. Neither 1 and Nor 2

 

Explanation:

Ans: C

Both statements are correct.

 

Que 4.  Consider the following statements
1) cso carries out gender statistics and human development stats.
2)nsso carries out household data collection and economic census.
Correct answer-
A)only1      b)only2
C)both        d)none

Correct answer is   C

 

Que  5.  Consider the following statements
1) under mplad district collector is unit of implementation.
2) mplad scheme was started in 1994.
Correct option
A) only 1                  b)only 2
C) both 1,2             d)neither 1,2

 

Correct answer is (a)

Explanation- mplad scheme was started in 1993.

 

Que 6. -Consider the following statements-
1)prasad(pilgrimage rejuvenation and spirituality augmentation drive) envisaged a mission directorate under ministry of tourism.
2)hriday(heritage city development and augmentation yojana) establishes a national project management unit under ministry of urban affairs.
3) hriday seek to revitalise 12cities viz. Amritsar,Ajmer,mathura,Varanasi,gaya,dwarka,puri,Amravati,badami,warangal,kanchipuram and velankanni.
Choose correct option-
A)1,2 b)only3
C)all d)1,3

 

Correct answer-all are correct.

 

Q  7. Find out the correct statements.

  1. India contributes 3.2% of global exports.
  2. Considering lower oil prices india’s trade with venezuela is more in exports than imports.

A. 1 only   B. 2 only   C. Both    D. None

Ans: A

Q  8.  In the Index of Eight Core Industries, which one of the following is given the highest weight?

  1. a) Coal Production
  2. b) Electricity generation
  3. c) Fertilizer Production
  4. d) Steel Production

Solution: b)

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