MCQOPTIONS
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MCQOPTIONS
This section includes 278 Mcqs, each offering curated multiple-choice questions to sharpen your Basic GK knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
The minimum support price for agricultural produce is announced? |
| A. | National Commission for Farmers |
| B. | Planning Commission |
| C. | Food Corporation of India |
| D. | Agricultural Costs and Prices Commission |
| Answer» E. | |
| 52. |
Where is the Agricultural Cost and Price Commission located? |
| A. | New Delhi |
| B. | Mumbai |
| C. | Chennai |
| D. | Pune |
| Answer» B. Mumbai | |
| 53. |
During which five-year plan the rate of economic growth did not exceed the target? |
| A. | 1st |
| B. | 2nd |
| C. | 5th |
| D. | 6th |
| Answer» C. 5th | |
| 54. |
Economic planning is a subject? |
| A. | Union List |
| B. | not mentioned in any particular list |
| C. | Concurrent List |
| D. | State List |
| Answer» D. State List | |
| 55. |
Which of the following economists first supported the concept of the rolling plan for developing countries? |
| A. | Paul A. Samuelson |
| B. | Gunnar Myrdal |
| C. | J. Of. Mehta |
| D. | none of these |
| Answer» C. J. Of. Mehta | |
| 56. |
When was a separate Department Planning and Development Department opened by the Government of India? |
| A. | 1944 |
| B. | 1950 |
| C. | 1974 |
| D. | 1955 |
| Answer» B. 1950 | |
| 57. |
When was the report of the National Planning Committee published? |
| A. | 1938 |
| B. | 1988 |
| C. | 1949 |
| D. | 1955 |
| Answer» D. 1955 | |
| 58. |
When was the Life Insurance Corporation of India established? |
| A. | 1960 |
| B. | 1980 |
| C. | 1956 |
| D. | 1975 |
| Answer» D. 1975 | |
| 59. |
Where is Dalal Street located? |
| A. | Mumbai |
| B. | Paris |
| C. | New Delhi |
| D. | none of these |
| Answer» B. Paris | |
| 60. |
Who has the absolute right to issue paper note currency in India? |
| A. | Urban Co-operative Bank |
| B. | Bank of India |
| C. | Finance Commission |
| D. | Reserve Bank |
| Answer» E. | |
| 61. |
Government takes way and means loan? |
| A. | IDBI |
| B. | RBI |
| C. | SBI |
| D. | ICICI |
| Answer» C. SBI | |
| 62. |
Which one of the following Indian banks is not a nationalized bank? |
| A. | Dena Bank |
| B. | Federal Bank |
| C. | Corporation Bank |
| D. | Vijay Bank |
| Answer» C. Corporation Bank | |
| 63. |
Which of the following is considered as the main determinant of real wages? |
| A. | purchasing power of money |
| B. | Nature of work |
| C. | additional income |
| D. | none of these |
| Answer» B. Nature of work | |
| 64. |
In which year the new currency Euro was introduced? |
| A. | 1997 |
| B. | 1998 |
| C. | 1999 |
| D. | 2001 |
| Answer» D. 2001 | |
| 65. |
In which year NABARD was established? |
| A. | 1935 |
| B. | 1991 |
| C. | 1976 |
| D. | 1982 |
| Answer» E. | |
| 66. |
What is the relationship between the value of money and the price level in an economy? |
| A. | stable |
| B. | inverse |
| C. | Anulom |
| D. | none of these |
| Answer» C. Anulom | |
| 67. |
What are the things which are scarce and their supply is limited? |
| A. | Economic goods |
| B. | expensive goods |
| C. | Development goods |
| D. | All these |
| Answer» B. expensive goods | |
| 68. |
What is considered to be knowledge, technical skill, education etc. in the economy? |
| A. | Tangible physical capital |
| B. | Working Capital |
| C. | Human Capital |
| D. | none of these |
| Answer» D. none of these | |
| 69. |
What is the most important job of an entrepreneur? |
| A. | Management |
| B. | risk taking |
| C. | Marketing |
| D. | All these |
| Answer» C. Marketing | |
| 70. |
Which of the following is the most dynamic factor of production? |
| A. | Capital |
| B. | Organization |
| C. | land |
| D. | Labor |
| Answer» B. Organization | |
| 71. |
In view of which of the following are cottage and small scale industries necessary in the Indian economy? |
| A. | employment generation |
| B. | Income Generation |
| C. | low cost |
| D. | none of these |
| Answer» B. Income Generation | |
| 72. |
When was the Industrial and Financial Exchange Board established? |
| A. | 1945 |
| B. | 1955 |
| C. | 1992 |
| D. | 1995 |
| Answer» D. 1995 | |
| 73. |
The apex organization of industrial finance in India is? |
| A. | I.C.I.C.I |
| B. | R.B.I |
| C. | I.F.C.I |
| D. | I.D.B.I |
| Answer» E. | |
| 74. |
Which of the following organization provides long term finance to industries? |
| A. | L.I.C |
| B. | G.I.C |
| C. | U.T.I |
| D. | All these |
| Answer» E. | |
| 75. |
When was the Industrial Finance Corporation of India established? |
| A. | 1945 |
| B. | 1948 |
| C. | 1953 |
| D. | 1990 |
| Answer» C. 1953 | |
| 76. |
Bokaro Steel Plant has been established with the help of which country? |
| A. | Great Britain |
| B. | France |
| C. | Russia |
| D. | none of these |
| Answer» D. none of these | |
| 77. |
With whose cooperation was the Durgapur Steel Plant established? |
| A. | Germany |
| B. | Great Britain |
| C. | Russia |
| D. | France |
| Answer» C. Russia | |
| 78. |
Which country is the largest consumer of gold in the world? |
| A. | Japan |
| B. | India |
| C. | Russia |
| D. | France |
| Answer» C. Russia | |
| 79. |
India ranks first in the world in the production of which mineral? |
| A. | graphite |
| B. | Tungsten |
| C. | asbestos |
| D. | All these |
| Answer» D. All these | |
| 80. |
India's position in the world in terms of bauxide resource is? |
| A. | 3rd |
| B. | 2nd |
| C. | 4th |
| D. | 5th |
| Answer» E. | |
| 81. |
When was India's first mineral policy declared? |
| A. | 1950 |
| B. | 1951 |
| C. | 1952 |
| D. | 1955 |
| Answer» C. 1952 | |
| 82. |
To which country does India export the largest amount of iron ore? |
| A. | Japan |
| B. | Russia |
| C. | U. K. |
| D. | Germany |
| Answer» B. Russia | |
| 83. |
Which type of unemployment problem remains a very serious problem in the country at present? |
| A. | Urban unemployment |
| B. | Rural unemployment |
| C. | educated unemployment |
| D. | Open unemployment |
| Answer» D. Open unemployment | |
| 84. |
Which unemployment is highest in rural areas in India? |
| A. | Seasonal unemployment |
| B. | invisible unemployment |
| C. | both of the above |
| D. | none of these |
| Answer» D. none of these | |
| 85. |
Which type of unemployment is mainly seen in agriculture? |
| A. | Open unemployment |
| B. | invisible unemployment |
| C. | Frictional unemployment |
| D. | structural unemployment |
| Answer» C. Frictional unemployment | |
| 86. |
Which type of unemployment is found in India? |
| A. | Cyclical unemployment |
| B. | rural underemployment |
| C. | structural unemployment |
| D. | All these |
| Answer» E. | |
| 87. |
Which of the following types of electricity is produced the most in India? |
| A. | Thermal electricity |
| B. | Nuclear electricity |
| C. | Solar electricity |
| D. | Hydroelectricity |
| Answer» B. Nuclear electricity | |
| 88. |
Which state has the largest number of sugar mills in the country? |
| A. | Tamil Nadu |
| B. | Rajasthan |
| C. | Maharashtra |
| D. | none of these |
| Answer» D. none of these | |
| 89. |
The main agency for settlement of financial disputes between the Center and the State is? |
| A. | Supreme Court |
| B. | Finance Commission |
| C. | Minister of Justice |
| D. | Finance Minister |
| Answer» C. Minister of Justice | |
| 90. |
Which committee recommended the imposition of tax on agricultural holdings? |
| A. | Wanchoo Committee |
| B. | Bhoothalingam Committee |
| C. | Chellaiya Committee |
| D. | Raj Committee |
| Answer» E. | |
| 91. |
Who was appointed as the chairman of the Tax Reform Committee? |
| A. | Raja Chelaiya |
| B. | Pranab Mukherjee |
| C. | K. P. Narasimha |
| D. | none of these |
| Answer» B. Pranab Mukherjee | |
| 92. |
The condition of the economy in which there is a state of recession along with inflation is called? |
| A. | Inflation |
| B. | Reflection |
| C. | stagflation |
| D. | none of these |
| Answer» D. none of these | |
| 93. |
The stage in which the value of money falls and the prices rise is called? |
| A. | Inflation |
| B. | Recession |
| C. | inflation deflation |
| D. | none of these |
| Answer» B. Recession | |
| 94. |
Market commodities with inflation? |
| A. | becomes cheaper |
| B. | comes in abundance |
| C. | does not meet at all |
| D. | becomes expensive |
| Answer» E. | |
| 95. |
The currency in which the creditor cannot legally refuse to accept the payment is called |
| A. | scarce currency |
| B. | Legal currency |
| C. | easy money |
| D. | hot currency |
| Answer» C. easy money | |
| 96. |
The current base year for estimating GDP at constant prices in India is? |
| A. | 1999-2000 |
| B. | 2000-2001 |
| C. | 2002-2003 |
| D. | 2006-2007 |
| Answer» B. 2000-2001 | |
| 97. |
The national income of India is estimated at? |
| A. | by the Ministry of Finance |
| B. | Reserve Bank of India |
| C. | Central Statistical Organization |
| D. | Planning Commission |
| Answer» D. Planning Commission | |
| 98. |
The contribution of which sector in the national income has decreased during the planning period? |
| A. | Agriculture |
| B. | Manufacturing |
| C. | Banking |
| D. | Transport |
| Answer» B. Manufacturing | |
| 99. |
In which category India has been placed in UNDP's Human Development Report? |
| A. | Medium Human Development Category |
| B. | High Human Development Grade |
| C. | Low Human Development Grade |
| D. | Very low human development grade |
| Answer» B. High Human Development Grade | |
| 100. |
The state with the highest incidence of poverty is? |
| A. | Bihar and Orissa |
| B. | Bihar and Jharkhand |
| C. | Bihar and M. P. |
| D. | Bihar and Uttar Pradesh |
| Answer» B. Bihar and Jharkhand | |