Explore topic-wise MCQs in Basic GK.

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.
Discussion
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
Discussion
3.

Where is the National Institute of Rural Development located?
A. Hyderabad
B. Patna
C. New Delhi
D. Shimla
Answer» B. Patna
Discussion
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
Discussion
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
Discussion
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.
Discussion
7.

What do you understand by closed economy?
A. Import off
B. Export stopped
C. controlled capital
D. Stop Import-Export
Answer» E.
Discussion
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
Discussion
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
Discussion
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
Discussion
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
Discussion
12.

When was the National Nyadarshan established in the country?
A. 1955
B. 1965
C. 1950
D. 1952
Answer» D. 1952
Discussion
13.

Which state has the highest per capita income?
A. Gujarat
B. Maharashtra
C. Goa
D. Punjab
Answer» D. Punjab
Discussion
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
Discussion
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
Discussion
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
Discussion
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
Discussion
18.

Who introduced this definition of Mudra itself which creates Mudra?
A. Marshal
B. Hanson
C. Crowther
D. Crowmer
Answer» E.
Discussion
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.
Discussion
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
Discussion
21.

Which of the following countries has a mixed economy?
A. America
B. India
C. China
D. Russia
Answer» C. China
Discussion
22.

What is the purpose of economic activities? Both
A. Livelihood
B. Entertainment
C. and (B)
D. None of these
Answer» B. Entertainment
Discussion
23.

What is India's position in the Human Development Index?
A. 126
B. 127
C. 129
D. 128
Answer» B. 127
Discussion
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
Discussion
25.

Who is the President of National Development Council?
A. Prime Minister
B. President
C. Governor
D. Vice President
Answer» B. President
Discussion
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
Discussion
27.

The number of Agro Ecological Zones in India is?
A. 16
B. 18
C. 20
D. 31
Answer» D. 31
Discussion
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
Discussion
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
Discussion
30.

Which district of Bihar has the highest per capita income?
A. Nalanda
B. Patna
C. Shivahar
D. Gaya
Answer» C. Shivahar
Discussion
31.

Whose Arthashastra was composed?
A. Chandragupta
B. Maurya Alexander
C. Chanakya
D. None of these
Answer» D. None of these
Discussion
32.

Which currency is legally recognized in our country?
A. Good money
B. Credit-currency
C. letter money
D. Check
Answer» D. Check
Discussion
33.

Which of the following are not functions of currency?
A. Medium
B. Measurement
C. Payment
D. Writing and editing
Answer» E.
Discussion
34.

Which metal is most used as currency?
A. Iron
B. Copper
C. Brass
D. Silver and Gold
Answer» E.
Discussion
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
Discussion
36.

What is the name of the currency of Bangladesh?
A. Rupee
B. Dollar
C. Taka
D. Dinar
Answer» D. Dinar
Discussion
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
Discussion
38.

Which of the following is popular as plastic currency?
A. A. Tm
B. paper note
C. Check
D. Draft
Answer» B. paper note
Discussion
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
Discussion
40.

In which year were the Regional Rural Banks established?
A. 1985
B. 1975
C. 1990
D. 2011
Answer» C. 1990
Discussion
41.

The Cooperative Planning Committee was formed under whose leadership?
A. R. G. Saraiya
B. Meclagan
C. Horesh
D. Chelmsford
Answer» B. Meclagan
Discussion
42.

Which city has been called the financial capital of India?
A. Mumbai
B. Delhi
C. Patna
D. Bangalore
Answer» B. Delhi
Discussion
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
Discussion
44.

Which of the following is the oldest stock market in Asia?
A. Patna
B. Kanpur
C. Mumbai
D. Delhi
Answer» D. Delhi
Discussion
45.

Which country is the largest producer of wheat in the world?
A. England
B. Russia
C. China
D. India
Answer» D. India
Discussion
46.

Under which crop is the maximum agricultural land in India?
A. Rice
B. Cotton
C. Maize
D. Wheat
Answer» B. Cotton
Discussion
47.

India is the major importer?
A. Pulses
B. Oilseeds
C. Both of these
D. None of these
Answer» D. None of these
Discussion
48.

India's largest mineral-oil field is?
A. Cauvery Basin
B. Kutch Basin
C. Assam Region
D. Bombay Offshore Area
Answer» E.
Discussion
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.
Discussion
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
Discussion