568 + Mcqs in General Page 1 McqOptions

1.	The growth rate of service sector in 2011‐12 is:
A.	3.3 %
B.	9.4%
C.	10.5%
D.	6.3 %
Answer» C. 10.5%

Discussion

2.	Infant Mortality rate in Kerala according to the 2011 census is:
A.	15
B.	11
C.	13
D.	9
Answer» D. 9

Discussion

3.	The threats to Tourism industry in Kerala does not include:
A.	Global warming
B.	changing weather patterns
C.	Safety
D.	All
Answer» E.

Discussion

4.	In the size of land area Kerala was in the :
A.	20th position.
B.	25th position.
C.	21st position.
D.	15thposition
Answer» D. 15thposition

Discussion

5.	Which sector is considered as the work horse of Indian economy?
A.	Primary
B.	Secondary
C.	Tertiary
D.	None
Answer» D. None

Discussion

6.	In the case of paper currency
A.	Intrinsic value and face value are equal
B.	Intrinsic value is less than face value
C.	Intrinsic value is greater than face value
D.	None of the above
Answer» C. Intrinsic value is greater than face value

Discussion

7.	Which is referred as the heath paradox in Kerala:
A.	Good health at high cost
B.	Good health at low cost
C.	Both incorrect
D.	None
Answer» C. Both incorrect

Discussion

8.	The largest employment providing sector in Indian economy at present is:
A.	Agriculture
B.	Industry
C.	Service
D.	None
Answer» B. Industry

Discussion

9.	Which is an urban poverty eradication Programme?
A.	JRY
B.	NREGP
C.	RLEGP
D.	NRY
Answer» E.

Discussion

10.	TRYSEM was established in
A.	1996
B.	1990
C.	1980
D.	1979
Answer» E.

Discussion

11.	The Couple protection rate in Kerala according to the 2011 estimates:
A.	62.3%
B.	52%
C.	48%
D.	58%
Answer» B. 52%

Discussion

12.	The most important paradox in the Kerala economy is;
A.	Development with growth
B.	Development without growth
C.	Growth with Development
D.	Growth without Development
Answer» C. Growth with Development

Discussion

13.	Deficit budgeting should be resorted to at a time of:
A.	Inflation
B.	Depression
C.	Boom
Answer» C. Boom

Discussion

14.	Intensive Agricultural District Programme was introduced as a pilot project in:
A.	1960‐61
B.	1964‐65
C.	1965‐66
D.	1963‐64
Answer» B. 1964‐65

Discussion

15.	Balance of payment consist of:
A.	Trade in visible
B.	Trade in invisibles
C.	International capital flows
D.	All of the above
Answer» E.

Discussion

16.	In the case of a ‘token money’
A.	Face value is less than the metal value
B.	Face value is equal to the metal value
C.	Face value is greater than the metal value
D.	None of the above
Answer» D. None of the above

Discussion

17.	Who is considered as the Father of Indian Green Revolution?
A.	Norman Borlaug
B.	Varghese Kurian
C.	M.S. Swaminathan
D.	None
Answer» D. None

Discussion

18.	Planning in India derives its objectives from :
A.	Fundamental Rights
B.	Directive Principles of State policy
C.	Fundamental Duties
D.	Preamble
Answer» C. Fundamental Duties

Discussion

19.	The mian objective of First Five Year Plan was:
A.	Industrial growth
B.	Economic growth
C.	Development of agriculture including irrigation and power projects
D.	Self reliance
Answer» D. Self reliance

Discussion

20.	In India the poverty is estimated in terms of:
A.	Calorie
B.	Income
C.	food
D.	All
Answer» B. Income

Discussion

21.	Budget is presented in the Parliament as per:
A.	Article 280
B.	Article 112
C.	Article 202
D.	None of the above
Answer» C. Article 202

Discussion

22.	Assertion (A): Necessity led to the invention of money. Reason(R) : Barter system failed to perform the major functions of money.
A.	(A) is true but (R) is false.
B.	Both (A) and (R) are false
C.	Both (A) and (R) are true and (R) is the correct explanation of (A)
D.	Both (A) and (R) are true but (R) is not the correct explanation of (A)
Answer» D. Both (A) and (R) are true but (R) is not the correct explanation of (A)

Discussion

23.	Trade as an engine of growth was propounded by :
A.	Hirschman
B.	Nurkse
C.	Marshall
D.	Robinson
Answer» C. Marshall

Discussion

24.	The leading district for domestic and foreign tourist arrival is:
A.	Thiruvananthapura
B.	Ernakulam
C.	Palakkad
D.	Thrissur
Answer» C. Palakkad

Discussion

25.	All the accounts of public authority are subject to:
A.	Conceal
B.	Audit and inspection
C.	Publicity
D.	None of above.
Answer» C. Publicity

Discussion

26.	The growth rate of Indian economy in 2011‐112is:
A.	6.9%
B.	9%
C.	6.5%
D.	8.2%
Answer» B. 9%

Discussion

27.	The contribution of Industrial sector to GDP in 2011‐12 is:
A.	13.9
B.	14.5
C.	27%
D.	29.1
Answer» D. 29.1

Discussion

28.	People are said to be suffered from “money illusion” since:
A.	People merely consider with nominal money holdings
B.	People consider the real money balances
C.	Both A and B
D.	None of the above
Answer» B. People consider the real money balances

Discussion

29.	When demand for US dollars increases under flexible exchange rate system, then:
A.	The rupee depreciates
B.	The dollar appreciates
C.	Both A and B
D.	None of the above
Answer» D. None of the above

Discussion

30.	For internal financing of Five Year Plans, the government depends on:
A.	Taxation only
B.	Taxation and public borrowing
C.	Public borrowing and deficit financing
D.	Taxation, public borrowing & deficit financing
Answer» E.

Discussion

31.	Which of the following is a concept of ‘broad money”:
A.	M1
B.	M2
C.	M3
D.	All of the above
Answer» D. All of the above

Discussion

32.	The first Industrial Policy Resolution was passed in India in:
A.	1948.
B.	1950
C.	1947
D.	1958
Answer» B. 1950

Discussion

33.	Public debt implies loans raised by a government:
A.	Within the country
B.	Outside the country
C.	Both (a) and (b)
D.	None of the above
Answer» D. None of the above

Discussion

34.	A major shift in the Eighth Five Year Plan from it preceding ones was:
A.	The concentration of investment in infrastructural sector
B.	Major investment in agriculture with a view to promoting exports
C.	Major investment in sectors where industrial sickness has been a chronic problem
D.	The significant reduction in public sector outlays
Answer» C. Major investment in sectors where industrial sickness has been a chronic problem

Discussion

35.	A tax is:
A.	Voluntary contribution with direct benefit
B.	Compulsory contribution with indirect benefit.
C.	Compulsory Contribution with no direct benefit.
D.	None of the above.
Answer» D. None of the above.

Discussion

36.	Price revenue is popularly known as:
A.	Market borrowing
B.	Government borrowing
C.	Commercial revenue
D.	Surplus of public undertakings
Answer» D. Surplus of public undertakings

Discussion

37.	In the service sector which subsector shows highest growth rate?
A.	Trade, hotels and restaurants
B.	Financing, Insurance, Real Estate
C.	Community, Social and Personal services
D.	Transport, storage and communication
Answer» B. Financing, Insurance, Real Estate

Discussion

38.	In all balance of payment accounts, there are a fictitious head of account called:
A.	Invisibles
B.	Deficits
C.	Reserves
D.	Errors and omissions
Answer» E.

Discussion

39.	If the Rupees per Dollar($) exchange rate changes from Rs 44 to 46 in an year by the market force, it implies
A.	Appreciation of $
B.	Depreciation of $
C.	Devaluation of $
D.	Revaluation of $
Answer» B. Depreciation of $

Discussion

40.	Public finance is said to be:
A.	Science of income and expenditure
B.	Science of money and cost
C.	Science of demand and supply of money.
D.	Science of taxes and spending.
Answer» B. Science of money and cost

Discussion

41.	The Kerala state was formed in:
A.	1954
B.	1955
C.	1956
D.	1957
Answer» D. 1957

Discussion

42.	Tourism was recognized as an industry by Kerala in:
A.	1990
B.	1996
C.	1986
D.	2011
Answer» D. 2011

Discussion

43.	An economic transaction is entered in the balance of payment as a credit, if it leads to:
A.	Receipt of payment from foreigners
B.	Either the receipt of payment or making of payment
C.	A payment to foreigners
D.	Neither the receipt nor making of a payment
Answer» B. Either the receipt of payment or making of payment

Discussion

44.	Devaluation of currency may result in:
A.	Increase in export
B.	Increase in import
C.	Increased capital flow
D.	Capital outflow
Answer» B. Increase in import

Discussion

45.	Which is the component of capital account of balance of payment:
A.	Service payments
B.	Portfolio investment
C.	Export
D.	Interest receipts
Answer» C. Export

Discussion

46.	Which is the largest contributing sector to India’s GDP?
A.	Agriculture
B.	Industry
C.	Service
D.	None
Answer» D. None

Discussion

47.	The name of indirect tax is:
A.	Sales tax
B.	Income tax
C.	Corporation tax
D.	Wealth tax.
Answer» B. Income tax

Discussion

48.	The Kerala Land Reforms Act was passed in the year:
A.	1963
B.	1969
C.	1970
D.	1954
Answer» B. 1969

Discussion

49.	Under fixed exchange rate system, when domestic currency is moved to a higher parity in terms of vehicle currency is:
A.	Appreciation
B.	Depreciation
C.	Devaluation
D.	Revaluation
Answer» E.

Discussion

50.	The term 'Hindu rate of growth' refers to the 3.70% per annum growth rate achieved by the Indian economy over the first six Five Year Plans'. The term was coined by:
A.	J.N. Bhagwati
B.	K.N. Raj
C.	Raj Krishna
D.	Sukhamoy Chakravarty
Answer» D. Sukhamoy Chakravarty

Discussion

Explore topic-wise MCQs in Current Affairs.

The growth rate of service sector in 2011‐12 is:

Infant Mortality rate in Kerala according to the 2011 census is:

The threats to Tourism industry in Kerala does not include:

In the size of land area Kerala was in the :

Which sector is considered as the work horse of Indian economy?

In the case of paper currency

Which is referred as the heath paradox in Kerala:

The largest employment providing sector in Indian economy at present is:

Which is an urban poverty eradication Programme?

TRYSEM was established in

The Couple protection rate in Kerala according to the 2011 estimates:

The most important paradox in the Kerala economy is;

Deficit budgeting should be resorted to at a time of:

Intensive Agricultural District Programme was introduced as a pilot project in:

Balance of payment consist of:

In the case of a ‘token money’

Who is considered as the Father of Indian Green Revolution?

Planning in India derives its objectives from :

The mian objective of First Five Year Plan was:

In India the poverty is estimated in terms of:

Budget is presented in the Parliament as per:

Assertion (A): Necessity led to the invention of money. Reason(R) : Barter system failed to perform the major functions of money.

Trade as an engine of growth was propounded by :

The leading district for domestic and foreign tourist arrival is:

All the accounts of public authority are subject to:

The growth rate of Indian economy in 2011‐112is:

The contribution of Industrial sector to GDP in 2011‐12 is:

People are said to be suffered from “money illusion” since:

When demand for US dollars increases under flexible exchange rate system, then:

For internal financing of Five Year Plans, the government depends on:

Which of the following is a concept of ‘broad money”:

The first Industrial Policy Resolution was passed in India in:

Public debt implies loans raised by a government:

A major shift in the Eighth Five Year Plan from it preceding ones was:

A tax is:

Price revenue is popularly known as:

In the service sector which subsector shows highest growth rate?

In all balance of payment accounts, there are a fictitious head of account called:

If the Rupees per Dollar($) exchange rate changes from Rs 44 to 46 in an year by the market force, it implies

Public finance is said to be:

The Kerala state was formed in:

Tourism was recognized as an industry by Kerala in:

An economic transaction is entered in the balance of payment as a credit, if it leads to:

Devaluation of currency may result in:

Which is the component of capital account of balance of payment:

Which is the largest contributing sector to India’s GDP?

The name of indirect tax is:

The Kerala Land Reforms Act was passed in the year:

Under fixed exchange rate system, when domestic currency is moved to a higher parity in terms of vehicle currency is:

The term 'Hindu rate of growth' refers to the 3.70% per annum growth rate achieved by the Indian economy over the first six Five Year Plans'. The term was coined by: