MCQOPTIONS
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MCQOPTIONS
This section includes 539 Mcqs, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
What is the India's GDP growth forecast for FY 18, according to the International Monetary Fund (IMF)'s latest report 'World Economic Outlook (WEO)'? |
| A. | 7.2% |
| B. | 7.4% |
| C. | 6.8% |
| D. | 6.6% |
| Answer» B. 7.4% | |
| 2. |
What is the India's GDP forecast for FY 17, as per Global rating agency Fitch? |
| A. | 7.2% |
| B. | 7.1% |
| C. | 7.3% |
| D. | 7.4% |
| Answer» C. 7.3% | |
| 3. |
What is the India's GDP forecast for FY 17, as per latest report by the International Monetary Fund (IMF)? |
| A. | 7.2% |
| B. | 6.8% |
| C. | 6.6% |
| D. | 7.0% |
| Answer» D. 7.0% | |
| 4. |
As per the Union Budget 2017, two new All India Institutes of Medical Sciences will be started in which of the following two states? |
| A. | Jharkhand and Gujarat |
| B. | Jharkhand and Bihar |
| C. | Rajasthan and Gujarat |
| D. | Rajasthan and Bihar |
| Answer» B. Jharkhand and Bihar | |
| 5. |
Personal income tax for people with income in the slab of 2.5 lakh to 5 lakh was reduced from 10% to |
| A. | 5% |
| B. | 6% |
| C. | 7% |
| D. | 8% |
| Answer» B. 6% | |
| 6. |
As per the Union Budget 2017, how much amount has been allocated for the infrastructure sector for the year 2017-18? |
| A. | Rs. 2,96,134 crore |
| B. | Rs. 3,96,134 crore |
| C. | Rs. 3,86,134 crore |
| D. | Rs. 4,96,134 crore |
| Answer» C. Rs. 3,86,134 crore | |
| 7. |
The Finance Minister Arun Jaitley, in the Budget 2017 speech, announced that Indian Railways will focus on four major areas. Which of the following is not one of them? |
| A. | Passenger Safety |
| B. | Capital and Development Works |
| C. | Women Security |
| D. | Cleanliness |
| Answer» D. Cleanliness | |
| 8. |
How much total expenditure is predicted in the Union Budget 2017? |
| A. | Rs 18.20 lakh crore |
| B. | Rs 21.47 lakh crore |
| C. | Rs 27.89 lakh crore |
| D. | Rs 31.41 lakh crore |
| Answer» C. Rs 27.89 lakh crore | |
| 9. |
What is the India's GDP growth forecast for FY 17, as per latest report of United Nations World Economic Situation and Prospects (WESP) 2017? |
| A. | 7.7% |
| B. | 7.6% |
| C. | 6.6% |
| D. | 7.0% |
| Answer» B. 7.6% | |
| 10. |
What is the current interest rate on Employees' Provident Fund (EPF) for FY 17? |
| A. | 8.65% |
| B. | 8.55% |
| C. | 8.75% |
| D. | 8.45% |
| Answer» B. 8.55% | |
| 11. |
What is the current India's economic growth forecast for FY 17, as per updated report "Asian Development Outlook 2016" of Asian Development Bank (ADB)? |
| A. | 7.4% |
| B. | 7.2% |
| C. | 6.9% |
| D. | 7.0% |
| Answer» E. | |
| 12. |
The GST council in November 2016 approved four tier tax structure under the Goods and Services Tax (GST). What is that four tier tax structure? |
| A. | 12, 18, 28 and 40 percent |
| B. | 12, 15, 26 and 32 percent |
| C. | 6, 12, 18 and 26 percent |
| D. | 5, 12, 18 and 28 percent |
| Answer» E. | |
| 13. |
Union Government has decided to launch a clean energy equity fund. The fund will be of what amount? |
| A. | 1 billion |
| B. | 1.25 billion |
| C. | 2 billion |
| D. | 2.5 billion |
| Answer» D. 2.5 billion | |
| 14. |
Which PSU is not a part of the 2 billon US dollars Clean Energy Equity Fund launched by the Union Government? |
| A. | National Thermal Power Corporation (NTPC) |
| B. | Rural Electrification Corporation Limited (RECL) |
| C. | Power Finance Corporation (PFC ) |
| D. | Nuclear Power Corporation of India Limited (NPCIL) |
| Answer» E. | |
| 15. |
As per United Nations Economic and Social Commission for Western Asia's report the Arab Spring protest movement has cost what expenses since 2011. |
| A. | 300 billion dollars |
| B. | 437 billion dollars |
| C. | 521 billion dollars |
| D. | 614 billion dollars |
| Answer» E. | |
| 16. |
The United States in November 2016 announced two financial projects for India. The projects will be executed at an expense of |
| A. | 82 million US dollars |
| B. | 95 million US dollars |
| C. | 101 million US dollars |
| D. | 112 million US dollars |
| Answer» C. 101 million US dollars | |
| 17. |
Mehbooba Mufti formally launched the World Bank-funded Jhelum-Tawi flood recovery project. The World Bank had agreed to fund how much amount for the project? |
| A. | $150 million |
| B. | $270 million |
| C. | $250 million |
| D. | $350 million |
| Answer» D. $350 million | |
| 18. |
The Union Government recently allowed withdrawal of 2000 rupees cash from which of the following places? |
| A. | Grocery shops |
| B. | Jewellery Shops |
| C. | Petrol Pumps |
| D. | Trading Companies |
| Answer» D. Trading Companies | |
| 19. |
The Union Government recently reduced the limit of exchange of old 500 and 1000 rupees notes from 4500 rupees to what amount? |
| A. | 1500 rupees |
| B. | 2000 rupees |
| C. | 2500 rupees |
| D. | 3000 rupees |
| Answer» C. 2500 rupees | |
| 20. |
The Union Government recently decided to permit families celebrating weddings to withdraw what amount of cash from their own bank accounts that are KYC compliant? |
| A. | 100000 rupees |
| B. | 150000 rupees |
| C. | 200000 rupees |
| D. | 250000 rupees |
| Answer» E. | |
| 21. |
How much Minimum Support Price was hiked in wheat by the Union Government for 2016-17? |
| A. | Rupees 100 per quintal |
| B. | Rupees 110 per quintal |
| C. | Rupees 150 per quintal |
| D. | Rupees 200 per quintal |
| Answer» B. Rupees 110 per quintal | |
| 22. |
What is the India's GDP growth forecast for FY 17, as per recently report by Morgan Stanley? |
| A. | 7.3% |
| B. | 7.5% |
| C. | 7.7% |
| D. | 7.6% |
| Answer» B. 7.5% | |
| 23. |
The Central Statistical Office in November 2016 announced that India's Gross Domestic Product (GDP) accelerated to what percentage? |
| A. | 7.1 percent |
| B. | 7.3 percent |
| C. | 7.6 percent |
| D. | 7.7 percent |
| Answer» C. 7.6 percent | |
| 24. |
The Union Cabinet recently approved the rehabilitation package of what amount for displaced families from Pakistan occupied Jammu & Kashmir (POJK)? |
| A. | Rs 2000 crore |
| B. | Rs 2500 crore |
| C. | Rs 5000 crore |
| D. | Rs 7500 crore |
| Answer» B. Rs 2500 crore | |
| 25. |
For the first time in nearly 150 years, India's economy surpassed the economy of this country. |
| A. | The United Kingdom |
| B. | Germany |
| C. | Japan |
| D. | South Korea |
| Answer» B. Germany | |
| 26. |
As per the advance estimates released by the CSO, the GDP in 2016-17 is set to grow at |
| A. | 7.1% |
| B. | 7.2% |
| C. | 7.3% |
| D. | 7.4% |
| Answer» B. 7.2% | |
| 27. |
What is the India's GDP growth rate in FY 17, as per the latest report of World Bank (WB)? |
| A. | 7.1% |
| B. | 7.2% |
| C. | 7.3% |
| D. | 7.0% |
| Answer» E. | |
| 28. |
What is the India's GDP growth forecast rate for FY 17, as per updated "World Economic Outlook (WEO)" report of International Monetary Fund (IMF)? |
| A. | 6.6% |
| B. | 7.1% |
| C. | 6.2% |
| D. | 6.5% |
| Answer» B. 7.1% | |
| 29. |
The GST Council decided to rollout the Goods and Services Tax on |
| A. | 1 July 2017 |
| B. | 1 August 2017 |
| C. | 1 September 2017 |
| D. | 1 October 2017 |
| Answer» B. 1 August 2017 | |
| 30. |
As per the Economic Survey, the agriculture sector is set to grow at this per cent during 2016-17. |
| A. | 1.1 per cent |
| B. | 2.1 per cent |
| C. | 3.1 per cent |
| D. | 4.1 per cent |
| Answer» E. | |
| 31. |
What is the India's GDP growth forecast for FY 18, according to the Economic Survey of India (ESI) 2017? |
| A. | 6.55 % to 7.25% |
| B. | 6.25 % to 7.5% |
| C. | 6.55 % to 7.25% |
| D. | 6.75 % to 7.5% |
| Answer» E. | |
| 32. |
As per the Union Budget 2017, transaction above how much amount will not be permitted in cash? |
| A. | Rs 3 lakhs |
| B. | Rs 10 lakhs |
| C. | Rs 5 lakhs |
| D. | Rs 7 lakhs |
| Answer» B. Rs 10 lakhs | |
| 33. |
Finance Minister Arun Jaitley, in the Union Budget 2017, announced an action plan to eliminate which of the following diseases by the year 2018? |
| A. | Kala-Azar |
| B. | Filariasis |
| C. | Measles |
| D. | Leprosy |
| Answer» E. | |
| 34. |
Arun Jaitley in the Union Budget 2017 announced launching of a platform to leverage Information Technology. Name the platform. |
| A. | VIKAS |
| B. | SWAYAM |
| C. | SWARA |
| D. | SWARNA |
| Answer» C. SWARA | |
| 35. |
As per the Union Budget 2017, how much amount has been allocated for transportation sector as a whole, including rail, roads, shipping, in the FY 2017-18? |
| A. | Rs 241387 crores |
| B. | Rs 251387 crores |
| C. | Rs 261387 crores |
| D. | Rs 241287 crores |
| Answer» B. Rs 251387 crores | |
| 36. |
How much surcharge will be imposed on the Income earned between Rs 50 lakh to Rs 1 crore as per the Union Budget 2017? |
| A. | 2 per cent |
| B. | 5 per cent |
| C. | 10 per cent |
| D. | 15 per cent |
| Answer» D. 15 per cent | |
| 37. |
How much tax rate will be imposed on the Income earned from Rs 5 lakh to Rs 10 lakh as per the Union Budget 2017? |
| A. | 5 per cent |
| B. | 10 per cent |
| C. | 20 per cent |
| D. | 30 per cent |
| Answer» C. 20 per cent | |
| 38. |
As per the advance estimates released by the Central Statistics Office, the growth rate of GDP at constant market prices for the year 2016-17 is placed at what percent? |
| A. | 7.9 per cent |
| B. | 7.2 per cent |
| C. | 7.1 per cent |
| D. | 6.1 per cent |
| Answer» D. 6.1 per cent | |
| 39. |
As per Union Budget 2017-18, the National Pension System (NPS) subscribers can prematurely withdraw how much percentage of corpus tax-free? |
| A. | 25% |
| B. | 15% |
| C. | 20% |
| D. | 30% |
| Answer» B. 15% | |
| 40. |
What is the India's GDP growth forecast for FY 17, as per latest survey by the Organisation for Economic Co-operation and Development (OECD)? |
| A. | 7.1% |
| B. | 7.0% |
| C. | 7.3% |
| D. | 7.2% |
| Answer» C. 7.3% | |
| 41. |
Under the GST regime, tax evasion of this sum would be considered as the non-bailable offence. |
| A. | Rs 1 crore |
| B. | Rs 2.5 crore |
| C. | Rs 5 crore |
| D. | Rs 10 crore |
| Answer» D. Rs 10 crore | |
| 42. |
What is the India's GDP growth forecast for FY 18, according to the World Bank's latest report "Globalization Backlash"? |
| A. | 7.3% |
| B. | 7.2% |
| C. | 7.5% |
| D. | 7.4% |
| Answer» C. 7.5% | |
| 43. |
Rupee weakens ______ paise against dollar at 64.65. |
| A. | 9 paise |
| B. | 10 paise |
| C. | 6 paise |
| D. | 7 paise |
| Answer» B. 10 paise | |
| 44. |
As per an estimate of the IMF, the projected global economic growth for 2017 is |
| A. | 1.5% |
| B. | 2.5% |
| C. | 3.5% |
| D. | 4.5% |
| Answer» D. 4.5% | |
| 45. |
What is the India's GDP forecast for 2017, as per latest UN report "The Economic and Social Survey of Asia and the Pacific 2017"? |
| A. | 7.5% |
| B. | 7.1% |
| C. | 7.3% |
| D. | 7.6% |
| Answer» C. 7.3% | |
| 46. |
Which country retained as the world's top most greenfield FDI investment destination? |
| A. | India |
| B. | Afghanistan |
| C. | France |
| D. | Ireland |
| Answer» B. Afghanistan | |
| 47. |
What is the rate of India's GDP in 2017-18 as per FICCI survey? |
| A. | 7.4% |
| B. | 7.2% |
| C. | 7.8% |
| D. | 7.5% |
| Answer» B. 7.2% | |
| 48. |
What is the GST rate for Capital goods and industrial intermediaries? |
| A. | 15% |
| B. | 18% |
| C. | 17% |
| D. | 10% |
| Answer» C. 17% | |
| 49. |
Which bill is being cleared by the Union Minister Arun Jaitley and to be implemented at July? |
| A. | Redemption tax bill |
| B. | Goods and Service Tax Bill (GST) |
| C. | Supplemental Property Tax Bill |
| D. | Estate tax Bill |
| Answer» C. Supplemental Property Tax Bill | |
| 50. |
India's GDP growth rate in 2018, as per latest World Bank's Global Economic Prospects (GEP) report is? |
| A. | 7.5% |
| B. | 7.7% |
| C. | 7.2% |
| D. | 7.6% |
| Answer» B. 7.7% | |