MCQOPTIONS
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MCQOPTIONS
This section includes 476 Mcqs, each offering curated multiple-choice questions to sharpen your Economics knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
Special Economic Zone (SEZ) concept was first introduced in |
| A. | China |
| B. | Japan |
| C. | India |
| D. | Pakistan |
| Answer» B. Japan | |
| 52. |
The food stocks that are built up during the years of bumper harvest are called : |
| A. | Capital stock |
| B. | Buffer stock |
| C. | Production stock |
| D. | Grain stock |
| Answer» C. Production stock | |
| 53. |
Money supply is governed by the |
| A. | Planning Commission |
| B. | Finance Commission |
| C. | Reserve Bank of India |
| D. | Commercial Banks |
| Answer» D. Commercial Banks | |
| 54. |
Which one of the following categories of workers is termed as cultivators? |
| A. | Those who own land and cultivate |
| B. | Those who lease in land and cultivate |
| C. | Those who cultivate the land of others |
| D. | Those who own land and lease in from others or institutions and cultivate |
| Answer» D. Those who own land and lease in from others or institutions and cultivate | |
| 55. |
Poverty in less developed countries is largely due to |
| A. | voluntary idleness |
| B. | income inequality |
| C. | lack of cultural activities |
| D. | lack of intelligence of the people |
| Answer» C. lack of cultural activities | |
| 56. |
Indian agriculture is typically characterised as |
| A. | land surplus, labour scarce economy |
| B. | land surplus, labour surplus economy |
| C. | land scarce, labour surplus economy |
| D. | land scarce, labour scarce economy |
| Answer» D. land scarce, labour scarce economy | |
| 57. |
Open market operations of RBI refer to buying and selling of |
| A. | Commercial bills |
| B. | Foreign exchange |
| C. | Gold |
| D. | Government bonds |
| Answer» E. | |
| 58. |
The time element in price analysis was introduced by : |
| A. | J.M. Keynes |
| B. | Alfred Marshall |
| C. | J.S. Mill |
| D. | J.R. Hicks |
| Answer» C. J.S. Mill | |
| 59. |
Which of the following items is a major item of Indian export? |
| A. | Computer chips |
| B. | Potato chips |
| C. | Textile garments |
| D. | Car engines |
| Answer» E. | |
| 60. |
Forced Savings refer to |
| A. | Reduction of consumption consequent to a rise in prices |
| B. | Taxes on individual income and wealth |
| C. | Compulsory deposits imposed on income tax payers |
| D. | Provident fund contribution of private sector employees |
| Answer» B. Taxes on individual income and wealth | |
| 61. |
Gold is mainly related to |
| A. | Local market |
| B. | National market |
| C. | International market |
| D. | Regional market |
| Answer» D. Regional market | |
| 62. |
The theory of Maximum Social Advantage in Public Finance was given by |
| A. | Robbins |
| B. | Musgrave |
| C. | Findley |
| D. | Dalten |
| Answer» E. | |
| 63. |
Which of the following subjects does not figure in the Concurrent List of our Constitution ? |
| A. | Stock Exchanges and futures markets |
| B. | Protection of wild animals and birds |
| C. | Forests |
| D. | Trade unions |
| Answer» B. Protection of wild animals and birds | |
| 64. |
The non-expenditure costs which arise when the producing firm itself owns and supplies certain factors of production are |
| A. | Explicit costs |
| B. | Original costs |
| C. | Implicit costs |
| D. | Replacement costs |
| Answer» D. Replacement costs | |
| 65. |
A part of National Debt known as External Debt is the amount |
| A. | borrowed by its citizens from abroad |
| B. | lent by its citizens to foreign governments |
| C. | borrowed by its government from abroad |
| D. | lent by its government to foreign government |
| Answer» D. lent by its government to foreign government | |
| 66. |
When price of a substitute of commodity x falls, the demand for x : |
| A. | falls |
| B. | remains unchanged |
| C. | increases at increasing rate |
| D. | rises |
| Answer» B. remains unchanged | |
| 67. |
A tax is said to be regressive when its burden falls |
| A. | less heavily on the poor than on the rich |
| B. | more heavily on the poor than on the rich |
| C. | equally on the poor as on the rich |
| D. | None of these |
| Answer» C. equally on the poor as on the rich | |
| 68. |
The difference between visible exports and visible imports is defined as |
| A. | Balance of trade |
| B. | Balance of payment |
| C. | Balanced terms of trade |
| D. | Gains from trade |
| Answer» B. Balance of payment | |
| 69. |
A country s balance of trade is unfavourable when |
| A. | exports exceed imports |
| B. | imports exceed exports |
| C. | terms of trade become unfavourable |
| D. | None of these |
| Answer» C. terms of trade become unfavourable | |
| 70. |
Quota is |
| A. | tax levied on imports |
| B. | imports of capital goods |
| C. | limit on the quantity of imports |
| D. | limit on the quantity of exports |
| Answer» D. limit on the quantity of exports | |
| 71. |
Functional Finance is associated with : |
| A. | Adolph Wogner |
| B. | Adam Smith |
| C. | Adams |
| D. | Abba P Lerner |
| Answer» E. | |
| 72. |
The annual record for all the monetary transactions of a country with other countries of the world is known as |
| A. | Balance of trade |
| B. | Balance of monetary-receipts |
| C. | Balance of payments |
| D. | Balance Sheet |
| Answer» D. Balance Sheet | |
| 73. |
Multinational Corporation is also called |
| A. | Trading Corporation |
| B. | International Corporation |
| C. | Finance Corporation |
| D. | Trans-national Corporation |
| Answer» E. | |
| 74. |
Short term loans to correct Balance of Payments problems is given by |
| A. | I.M.F. |
| B. | I.B.R.D |
| C. | I.D.A |
| D. | A.D.B |
| Answer» B. I.B.R.D | |
| 75. |
According to the Employment Outlook 2007 reports of the Organisation for Economic Cooperation and Development (OECD), the number of new jobs created in India every year from 2000 to 2005 is |
| A. | 5 million |
| B. | 8 million |
| C. | 11 million |
| D. | 13 million |
| Answer» D. 13 million | |
| 76. |
A Trade Policy consists of |
| A. | Export-Import Policy |
| B. | Licencing Policy |
| C. | Foreign Exchange Policy |
| D. | Balance of Payment Policy |
| Answer» B. Licencing Policy | |
| 77. |
Dumping is a form of price discrimination at |
| A. | within the industry |
| B. | national level |
| C. | international level |
| D. | local level |
| Answer» D. local level | |
| 78. |
Closed Economy means: |
| A. | no provision for public sector |
| B. | no provision for private sector |
| C. | economy policy not well defined |
| D. | a country having no imports and exports |
| Answer» E. | |
| 79. |
The balance of payments of a country is in equilibrium when the |
| A. | demand, as well as the supply of the domestic currency, are the highest |
| B. | demand for the domestic currency is equal to its supply |
| C. | demand for the domestic currency is the highest |
| D. | demand for the domestic currency is the lowest |
| Answer» C. demand for the domestic currency is the highest | |
| 80. |
Which among the following is not a non-customs duty obstacle in the world trade? |
| A. | Quantity restriction |
| B. | Establishment of Standard of labour in manufacturing |
| C. | Determination of import duty uniformly |
| D. | Restrictions on goods quality |
| Answer» D. Restrictions on goods quality | |
| 81. |
Theoretically, trade between two countries takes place on account of |
| A. | differences in costs |
| B. | scarcity of goods |
| C. | comparative differences in costs |
| D. | need for exports |
| Answer» D. need for exports | |
| 82. |
Which one of the following does not deal with export promotion? |
| A. | Trade Development Authority |
| B. | Mineral and Metal Trading Corporation |
| C. | Cooperative Marketing Societies |
| D. | State Trading Corporation of India |
| Answer» D. State Trading Corporation of India | |
| 83. |
PROTECTION means |
| A. | Restrictions imposed on import trade |
| B. | Protection to home industries |
| C. | No free exchange of goods and services between two countries |
| D. | All of the above |
| Answer» E. | |
| 84. |
Countries that depend mainly on the export of primary products for their income are prone to |
| A. | inflation |
| B. | economic instability |
| C. | increasing unemployment |
| D. | stable economic growth |
| Answer» D. stable economic growth | |
| 85. |
NIFTY is associated with |
| A. | Cloth Market Price Index |
| B. | Consumer Price Index |
| C. | BSE Index |
| D. | NSE Index |
| Answer» E. | |
| 86. |
Floating Exchange Rate is also referred to as |
| A. | Flexible Exchange Rate |
| B. | Fixed Exchange Rate |
| C. | Real Exchange Rate |
| D. | Controlled Exchange Rate |
| Answer» B. Fixed Exchange Rate | |
| 87. |
Which amidst the following is not a credit rating agency? |
| A. | CRISIL |
| B. | CARE |
| C. | ICRA |
| D. | IFCI |
| Answer» E. | |
| 88. |
Which one of the following taxes is collected and utilized by the State Governments? |
| A. | Personal income tax |
| B. | Corporation tax |
| C. | Land revenue |
| D. | Custom duties |
| Answer» D. Custom duties | |
| 89. |
Which nationalised bank of India has a shining star as its emblem? |
| A. | Syndicate Bank |
| B. | Indian Bank |
| C. | Bank of India |
| D. | Bank of Baroda |
| Answer» D. Bank of Baroda | |
| 90. |
NABARD is associated with the development of |
| A. | agricultural sector and rural areas |
| B. | |
| C. | heavy industries |
| D. | banking sector |
| E. | real estates |
| Answer» B. | |
| 91. |
The definition of small-scale industry in India is based on |
| A. | sales by the unit |
| B. | investment in machines and equipment |
| C. | market coverage |
| D. | export capacity |
| Answer» C. market coverage | |
| 92. |
The gradation and standardisation of agricultural products are conducted through |
| A. | Food Corporation of India |
| B. | Directorate of Marketing and Inspection |
| C. | Indian Standards Institution |
| D. | Central Statistical Organisation |
| Answer» C. Indian Standards Institution | |
| 93. |
What is book-building ? |
| A. | Preparing the income and expenditure ledgers of a company (book-keeping) |
| B. | Manipulating the profit and loss statements of a company |
| C. | A process of inviting subscriptions to a public offer of securities, essentially through a tendering process |
| D. | Publishers activity |
| Answer» D. Publishers activity | |
| 94. |
The data collection for national income estimation is conducted in India by |
| A. | The Finance Ministry of the Government of India |
| B. | The RBI |
| C. | The NSSO (National Sample Survey Organisation) |
| D. | None of these |
| Answer» D. None of these | |
| 95. |
Government takes ways and means advances from |
| A. | RBI |
| B. | IDBI |
| C. | SBI |
| D. | ICICI |
| Answer» B. IDBI | |
| 96. |
Globalisation of Indian Economy denotes : |
| A. | Increase of external borrowings |
| B. | having minimum intervention in economic relations with other countries |
| C. | starting of new business units abroad |
| D. | relaxing the programmes of import substitution |
| Answer» C. starting of new business units abroad | |
| 97. |
Structural unemployment arises due to : |
| A. | deflationary conditions |
| B. | heavy industry bias |
| C. | shortage of raw materials |
| D. | inadequate productive capacity |
| Answer» E. | |
| 98. |
On the administered price of which of the following articles no subsidy is given? |
| A. | DAP |
| B. | ATF |
| C. | LPG |
| D. | Kerosene oil |
| Answer» C. LPG | |
| 99. |
Which among the following has the least possibility of globalisation? |
| A. | selection of labour force |
| B. | location of capital works |
| C. | to manage resources for investment |
| D. | increase in infrastructure |
| Answer» C. to manage resources for investment | |
| 100. |
Agricultural Technology is hard to spread because : |
| A. | it has to be adapted to local conditions. |
| B. | rural people are not receptive |
| C. | farmers are afraid to experiment on land for fear of failure. |
| D. | all of the above. |
| Answer» E. | |