MCQOPTIONS
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MCQOPTIONS
This section includes 53 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. |
The balance of payments lies in? |
| A. | invisible trade |
| B. | visual trade |
| C. | Debt |
| D. | ALL OF THE ABOVE |
| Answer» E. | |
| 2. |
Which of the following states of India has the highest amount of coal? |
| A. | Maharashtra |
| B. | Orissa |
| C. | Gujarat |
| D. | Rajasthan |
| Answer» C. Gujarat | |
| 3. |
Where is the National Institute of Rural Development located? |
| A. | Hyderabad |
| B. | Patna |
| C. | New Delhi |
| D. | Shimla |
| Answer» B. Patna | |
| 4. |
Whose annual publication is the World Development Report? |
| A. | I.M.F. |
| B. | W.T.O. |
| C. | I.B.R.D |
| D. | None of these |
| Answer» D. None of these | |
| 5. |
The Human Development Index is attributed to which economist? |
| A. | Mehboob-ul-Haq |
| B. | Amartya Sen |
| C. | Johnson |
| D. | None of these |
| Answer» B. Amartya Sen | |
| 6. |
The state is the first state to issue a human development report? |
| A. | Kerala |
| B. | Rajasthan |
| C. | U.P. |
| D. | Madhya Pradesh |
| Answer» E. | |
| 7. |
What do you understand by closed economy? |
| A. | Import off |
| B. | Export stopped |
| C. | controlled capital |
| D. | Stop Import-Export |
| Answer» E. | |
| 8. |
Disguised unemployment is commonly seen in India. |
| A. | In the service sector |
| B. | In the agricultural sector |
| C. | Factory area |
| D. | All these |
| Answer» C. Factory area | |
| 9. |
Is called the forerunner of liberalization of Indian economy? |
| A. | P. Chidambaram |
| B. | Amartya Sen |
| C. | Dr. Manmohan Singh |
| D. | None of these |
| Answer» D. None of these | |
| 10. |
In an economy, on what basis are sectors classified into public and private? |
| A. | Terms of employment |
| B. | Ownership of enterprises |
| C. | Use of raw materials |
| D. | None of these |
| Answer» C. Use of raw materials | |
| 11. |
What is the maximum contribution to the national income of India? |
| A. | Service Sector |
| B. | Business Area |
| C. | Agricultural sector |
| D. | Industry Sector |
| Answer» B. Business Area | |
| 12. |
When was the National Nyadarshan established in the country? |
| A. | 1955 |
| B. | 1965 |
| C. | 1950 |
| D. | 1952 |
| Answer» D. 1952 | |
| 13. |
Which state has the highest per capita income? |
| A. | Gujarat |
| B. | Maharashtra |
| C. | Goa |
| D. | Punjab |
| Answer» D. Punjab | |
| 14. |
Which of the following is a better measure of economic development? |
| A. | Disposable income |
| B. | Gross Domestic Product |
| C. | per capita income |
| D. | Net product |
| Answer» D. Net product | |
| 15. |
Whose prepared the first estimate of national income for the country? |
| A. | Dadabhai Naoroji |
| B. | National Income Committee |
| C. | National Sample Survey Organization |
| D. | None of these |
| Answer» B. National Income Committee | |
| 16. |
The national income is divided by the per capita income? |
| A. | Area of the country |
| B. | Total population of the country |
| C. | Quantity of capital used |
| D. | None of these |
| Answer» C. Quantity of capital used | |
| 17. |
Following region contributes most to India's GDP? |
| A. | Primary Sector |
| B. | Tertiary sector |
| C. | Secondary sector |
| D. | None of these |
| Answer» C. Secondary sector | |
| 18. |
Who introduced this definition of Mudra itself which creates Mudra? |
| A. | Marshal |
| B. | Hanson |
| C. | Crowther |
| D. | Crowmer |
| Answer» E. | |
| 19. |
'Gresham's law' is related to which of the following? |
| A. | circulation of currency |
| B. | Supply and demand |
| C. | deficit economy |
| D. | circulation of currency |
| Answer» E. | |
| 20. |
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 | |
| 21. |
Which of the following countries has a mixed economy? |
| A. | America |
| B. | India |
| C. | China |
| D. | Russia |
| Answer» C. China | |
| 22. |
What is the purpose of economic activities? Both |
| A. | Livelihood |
| B. | Entertainment |
| C. | and (B) |
| D. | None of these |
| Answer» B. Entertainment | |
| 23. |
What is India's position in the Human Development Index? |
| A. | 126 |
| B. | 127 |
| C. | 129 |
| D. | 128 |
| Answer» B. 127 | |
| 24. |
Which of the following is called primary field? |
| A. | Agriculture sector |
| B. | service sector |
| C. | Industrial sector |
| D. | None of these |
| Answer» B. service sector | |
| 25. |
Who is the President of National Development Council? |
| A. | Prime Minister |
| B. | President |
| C. | Governor |
| D. | Vice President |
| Answer» B. President | |
| 26. |
Who is the institution that determines the rules related to international trade? |
| A. | World Bank |
| B. | IM |
| C. | U.P. N. O. |
| D. | None of these |
| Answer» B. IM | |
| 27. |
The number of Agro Ecological Zones in India is? |
| A. | 16 |
| B. | 18 |
| C. | 20 |
| D. | 31 |
| Answer» D. 31 | |
| 28. |
When was the Planning Commission formed in India? |
| A. | 15 March 1950 |
| B. | 15 September 1950 |
| C. | 15 October 1951 |
| D. | None of these |
| Answer» B. 15 September 1950 | |
| 29. |
Does the federal budget receive maximum income from? |
| A. | income tax |
| B. | Corporate tax |
| C. | Excise duty |
| D. | Custom Duty |
| Answer» D. Custom Duty | |
| 30. |
Which district of Bihar has the highest per capita income? |
| A. | Nalanda |
| B. | Patna |
| C. | Shivahar |
| D. | Gaya |
| Answer» C. Shivahar | |
| 31. |
Whose Arthashastra was composed? |
| A. | Chandragupta |
| B. | Maurya Alexander |
| C. | Chanakya |
| D. | None of these |
| Answer» D. None of these | |
| 32. |
Which currency is legally recognized in our country? |
| A. | Good money |
| B. | Credit-currency |
| C. | letter money |
| D. | Check |
| Answer» D. Check | |
| 33. |
Which of the following are not functions of currency? |
| A. | Medium |
| B. | Measurement |
| C. | Payment |
| D. | Writing and editing |
| Answer» E. | |
| 34. |
Which metal is most used as currency? |
| A. | Iron |
| B. | Copper |
| C. | Brass |
| D. | Silver and Gold |
| Answer» E. | |
| 35. |
Which of the following is not a basis of credit? |
| A. | Faith |
| B. | Education |
| C. | repaying ability |
| D. | Period of loan |
| Answer» C. repaying ability | |
| 36. |
What is the name of the currency of Bangladesh? |
| A. | Rupee |
| B. | Dollar |
| C. | Taka |
| D. | Dinar |
| Answer» D. Dinar | |
| 37. |
Who said that debt is child of deposit and deposit is child of debt? |
| A. | Cannes |
| B. | Marshall |
| C. | Pigue |
| D. | Crowther |
| Answer» B. Marshall | |
| 38. |
Which of the following is popular as plastic currency? |
| A. | A. Tm |
| B. | paper note |
| C. | Check |
| D. | Draft |
| Answer» B. paper note | |
| 39. |
Who said that in the modern world, the industry is wearing minted garments? |
| A. | Crowther |
| B. | Trescott |
| C. | Pigu |
| D. | Marshall |
| Answer» D. Marshall | |
| 40. |
In which year were the Regional Rural Banks established? |
| A. | 1985 |
| B. | 1975 |
| C. | 1990 |
| D. | 2011 |
| Answer» C. 1990 | |
| 41. |
The Cooperative Planning Committee was formed under whose leadership? |
| A. | R. G. Saraiya |
| B. | Meclagan |
| C. | Horesh |
| D. | Chelmsford |
| Answer» B. Meclagan | |
| 42. |
Which city has been called the financial capital of India? |
| A. | Mumbai |
| B. | Delhi |
| C. | Patna |
| D. | Bangalore |
| Answer» B. Delhi | |
| 43. |
Which is the most popular means of providing non institutional finance? |
| A. | Country Banker |
| B. | Mahajan |
| C. | Merchant |
| D. | Co-operative bank |
| Answer» C. Merchant | |
| 44. |
Which of the following is the oldest stock market in Asia? |
| A. | Patna |
| B. | Kanpur |
| C. | Mumbai |
| D. | Delhi |
| Answer» D. Delhi | |
| 45. |
Which country is the largest producer of wheat in the world? |
| A. | England |
| B. | Russia |
| C. | China |
| D. | India |
| Answer» D. India | |
| 46. |
Under which crop is the maximum agricultural land in India? |
| A. | Rice |
| B. | Cotton |
| C. | Maize |
| D. | Wheat |
| Answer» B. Cotton | |
| 47. |
India is the major importer? |
| A. | Pulses |
| B. | Oilseeds |
| C. | Both of these |
| D. | None of these |
| Answer» D. None of these | |
| 48. |
India's largest mineral-oil field is? |
| A. | Cauvery Basin |
| B. | Kutch Basin |
| C. | Assam Region |
| D. | Bombay Offshore Area |
| Answer» E. | |
| 49. |
Which of the following will cause property prices to fall? |
| A. | More liquidity in the economy |
| B. | Reduction in reverse repo rate by RBI |
| C. | Increase in reverse repo rate by RBI |
| D. | Low liquidity in the economy |
| Answer» E. | |
| 50. |
Which of the following industries has the highest labor force in India? |
| A. | Cement Industry |
| B. | textile industry |
| C. | Jute Industry |
| D. | Iron-steel industry |
| Answer» C. Jute Industry | |