

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.
1. |
Find the difference between total expenditure and total receipts in the budget figures of the Government of India called? |
A. | Fiscal deficit |
B. | Revenue deficit |
C. | Budgetary deficit |
D. | Current deficit |
Answer» D. Current deficit | |
2. |
What deficit is the largest contributor to the total deficit of the budget of the Government of India? |
A. | Fiscal deficit |
B. | Revenue Deficit Income |
C. | Primary deficit |
D. | none of these |
Answer» B. Revenue Deficit Income | |
3. |
which of the following direct taxes, does the government receive maximum revenue from? |
A. | Income Tax |
B. | tax donation |
C. | Corporation Tax |
D. | Wealth Tax |
Answer» D. Wealth Tax | |
4. |
Largest item of expenditure in the current account of the budget of the Central Government is? |
A. | Defense expenditure |
B. | interest payment |
C. | Central Planning |
D. | none of these |
Answer» D. none of these | |
5. |
Largest producer of cellphones in the world is the country? |
A. | China |
B. | America |
C. | France |
D. | India |
Answer» B. America | |
6. |
Under which five-year plan was the slogan of Garibi Hatao in India given? |
A. | 2nd |
B. | 3rd |
C. | 5th |
D. | 10th |
Answer» D. 10th | |
7. |
Which one of the following is not a source of revenue of the Central Government? |
A. | Agricultural Income Tax |
B. | excise duty |
C. | Income Tax |
D. | Corporate Tax |
Answer» B. excise duty | |
8. |
What is related to the recommendations of the Kelkar Test Force? |
A. | Foreign investment |
B. | banking |
C. | taxes |
D. | trade |
Answer» D. trade | |
9. |
FERA has been replaced in India by? |
A. | FETA |
B. | FENA |
C. | FEMA |
D. | FELA |
Answer» D. FELA | |
10. |
In which year did the Foreign Exchange Management Act come into force? |
A. | 2003 |
B. | 2002 |
C. | 2000 |
D. | 1999 |
Answer» B. 2002 | |
11. |
Which one of the following places is not a free trade zone? |
A. | Mumbai |
B. | Visakhapatnam |
C. | Thiruvananthapuram |
D. | none of these |
Answer» D. none of these | |
12. |
Where is the Indian Institute of Foreign Trade Located? |
A. | Hyderabad |
B. | Mumbai |
C. | New Delhi |
D. | Ahmedabad |
Answer» D. Ahmedabad | |
13. |
On which item imports the most foreign exchange is spent by India? |
A. | Power House Machinery |
B. | petroleum products |
C. | Fertilizers |
D. | Defense Equipment |
Answer» C. Fertilizers | |
14. |
To whom is India's maximum foreign trade? |
A. | United States of America |
B. | Thailand |
C. | Bangladesh |
D. | Japan |
Answer» B. Thailand | |
15. |
Indian leather is exported the most to whom? |
A. | Russia |
B. | France |
C. | England |
D. | China |
Answer» D. China | |
16. |
In which year was the Planning Commission constituted in India? |
A. | 1988 |
B. | 1950 |
C. | 1948 |
D. | 1956 |
Answer» C. 1948 | |
17. |
The writ is issued to enforce Fundamental Rights? |
A. | the Supreme Court |
B. | the President |
C. | Parliament |
D. | All these |
Answer» B. the President | |
18. |
In which article of the Constitution is the provision for the constitution of the Finance Commission in India described? |
A. | Article 293 |
B. | Article 280 |
C. | Article 264 |
D. | none of these |
Answer» C. Article 264 | |
19. |
Who was the chairman of the first Finance Commission? |
A. | K. C. Niyogi |
B. | Mahavir Tyagi |
C. | Amrish Bagchi |
D. | none of these |
Answer» B. Mahavir Tyagi | |
20. |
The ex-officio secretary of the National Development Council is? |
A. | Secretary General of the Lok Sabha |
B. | Secretary of the Planning Commission |
C. | Secretary of the Ministry of Finance |
D. | none of these |
Answer» C. Secretary of the Ministry of Finance | |
21. |
Chandrasekharan committee is related to? |
A. | by shares |
B. | education |
C. | from space mission |
D. | from revenue |
Answer» B. education | |
22. |
Which of the following classes of countries does India have the largest import trade? |
A. | Eastern Europe |
B. | Developing countries |
C. | O.P.E.C |
D. | O.E.C.D |
Answer» D. O.E.C.D | |
23. |
Krishna revolution is related to? |
A. | edible oil production |
B. | Krishna Pind |
C. | Fertilizer production |
D. | from mineral oil production |
Answer» E. | |
24. |
If articles made in Surat are sold in Mumbai or Delhi, then it is? |
A. | Territorial Trade |
B. | internal trade |
C. | International trade |
D. | free trade |
Answer» B. internal trade | |
25. |
Narasimham Report is related to the reorganization of |
A. | Income Tax |
B. | Banking Institute |
C. | sales tax |
D. | Insurance Industry |
Answer» C. sales tax | |
26. |
Gilt alt market is related to? |
A. | Gold and silver |
B. | currency note |
C. | Government securities |
D. | Letter of credit |
Answer» B. currency note | |
27. |
There is mostly unemployment in India? |
A. | cyclic |
B. | Structural |
C. | Technology |
D. | Frictional |
Answer» C. Technology | |
28. |
Which state of India has the highest percentage of poor? |
A. | Orissa |
B. | Vihar |
C. | Jharkhand |
D. | Chhattisgarh |
Answer» B. Vihar | |
29. |
Whose method is used in calculating national income in India? |
A. | Income Law |
B. | Origin calculation method |
C. | Both (A) and (B) |
D. | None of these |
Answer» D. None of these | |
30. |
What is the Hindu growth rate related to? |
A. | Population |
B. | Literacy |
C. | per capita income |
D. | National income |
Answer» E. | |
31. |
Who assesses the national income numbers in India? |
A. | Planning Commission Ministry of Finance |
B. | Central Statistical Organization |
C. | Reserve Bank of India |
D. | Reserve Bank of India |
Answer» C. Reserve Bank of India | |
32. |
The person to be appointed as the chairman of the National Planning Committee was? |
A. | Jawaharlal Nehru |
B. | P. C. Mahalanobis |
C. | Subhas Chandra Bose |
D. | none of these |
Answer» B. P. C. Mahalanobis | |
33. |
Who prepared the draft of the People's Plan? |
A. | Sir Ardeshir Dalal |
B. | Jayaprakash Narayan |
C. | Shri Manna Narayan |
D. | M.N. View |
Answer» E. | |
34. |
When was the National Planning Committee established? |
A. | 1938 |
B. | 1842 |
C. | 1947 |
D. | 1951 |
Answer» B. 1842 | |
35. |
On Which date did economic planning start in India? |
A. | 1st April 1951 |
B. | 1st May 1956 |
C. | 15 August 1947 |
D. | 26 January 1949 |
Answer» B. 1st May 1956 | |
36. |
Whose responsibility is to prepare the five-year plan? |
A. | National Development Council |
B. | Central and State Government |
C. | Prime Minister's Office |
D. | Planning Commission |
Answer» E. | |
37. |
Who presents the final draft of the Five Year Plan? |
A. | Finance Commission |
B. | National Development Council |
C. | Ministry of Finance |
D. | Planning Commission |
Answer» C. Ministry of Finance | |
38. |
When was the concept of planning adopted in India? |
A. | 1947 |
B. | 1950 |
C. | 1952 |
D. | 1955 |
Answer» C. 1952 | |
39. |
What are the objectives of Indian planning? |
A. | increase in national income |
B. | poverty alleviation |
C. | reducing inequalities in income and wealth |
D. | All these |
Answer» E. | |
40. |
What is the nature of economic planning in India? |
A. | decentralized |
B. | Socialist and Capitalist |
C. | Instructional |
D. | All these |
Answer» E. | |
41. |
The largest item of expenditure in the budget of the federal government in recent years has been? |
A. | Defense expenditure |
B. | large production |
C. | Capital Expenditure |
D. | Payment of interest |
Answer» E. | |
42. |
Non-plan expenditure of the Central Government is not a part of? |
A. | Defense expenditure |
B. | Allocation for Science and Technology Development |
C. | Payment of Delivery |
D. | interest payment |
Answer» C. Payment of Delivery | |
43. |
Does India get maximum tax income from? |
A. | from income tax |
B. | Central Excise |
C. | Import duty |
D. | Corporation tax |
Answer» E. | |
44. |
What is the difference between fiscal deficit and budgetary deficit? |
A. | Public Debt |
B. | Revenue deficit |
C. | Depreciation |
D. | Primary deficit |
Answer» B. Revenue deficit | |
45. |
Which five-year plan shifted its priority from development to defense? |
A. | 1st |
B. | 2nd |
C. | 3rd |
D. | 4th |
Answer» E. | |
46. |
During which five-year plan period was the Sahayata Club established in India? |
A. | 2nd |
B. | 3rd |
C. | 4th |
D. | 7th |
Answer» B. 3rd | |
47. |
During which five-year plan three iron-steel plants were set up in the country? |
A. | 1st |
B. | 2nd |
C. | 3rd |
D. | 4th |
Answer» C. 3rd | |
48. |
On which part the maximum outlay was made in the Second Five Year Plan? |
A. | Industry |
B. | Transport and Communication |
C. | Energy |
D. | Heavy Industries |
Answer» C. Energy | |
49. |
The strategy for the development and industrialization of industries was a part of which plan? |
A. | 2nd |
B. | 3rd |
C. | 4th |
D. | 7th |
Answer» B. 3rd | |
50. |
Khadi and Village Industries Commission was established under which five-year plan? |
A. | 1st |
B. | 2nd |
C. | 3rd |
D. | 4th |
Answer» C. 3rd | |