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.

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