

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 | |