Explore topic-wise MCQs in Basic GK.

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