MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Which of the following is not a function of a commercial bank: |
| A. | Accepting deposits |
| B. | Advancing loans |
| C. | Issuing currency |
| D. | Credit creation |
| Answer» D. Credit creation | |
| 2. |
The Planning Commission implemented three Annual Plans instead of Five Year Plans between: |
| A. | The Third and Fourth Plan |
| B. | The Fifth and Sixth Plan |
| C. | The Sixth and Seventh plan |
| D. | The Seventh and Eighth Plan |
| Answer» B. The Fifth and Sixth Plan | |
| 3. |
Who favoured an unbalanced budget: |
| A. | German historical economists |
| B. | Keynesian economists |
| C. | Neo‐ classical economists |
| D. | All of the above. |
| Answer» C. Neo‐ classical economists | |
| 4. |
Which of the following is not related to commodity money? |
| A. | All commodities were not uniform in quality |
| B. | It is difficult to store and prevent the loss of value |
| C. | They lacked portability |
| D. | There was no problem of coincidence of wants |
| Answer» E. | |
| 5. |
The literacy rate of Kerala in 2011: |
| A. | 91.91 |
| B. | 90.92 |
| C. | 93.91 |
| D. | 95.94 |
| Answer» D. 95.94 | |
| 6. |
‘Stagflation’ is a situation where the economy faces: |
| A. | Inflation |
| B. | Inflation as well as stagnation |
| C. | Stagnation |
| D. | None of the above |
| Answer» C. Stagnation | |
| 7. |
In the Quantity Theory of Money, Fischer states that while other things remains the same: |
| A. | Price level varies directly with the quantity of money |
| B. | Price level varies inversely with the quantity of money |
| C. | Value of money varies directly with the quantity of money |
| D. | None of the above |
| Answer» B. Price level varies inversely with the quantity of money | |
| 8. |
The type of poverty exists in India is |
| A. | Open |
| B. | Relative |
| C. | Absolute |
| D. | None |
| Answer» D. None | |
| 9. |
Which of the following are not members of the National Development Council? |
| A. | The Prime Minister |
| B. | the President |
| C. | Chief Ministers of states |
| D. | Members of the Planning Commission |
| Answer» C. Chief Ministers of states | |
| 10. |
Who propounded the doctrine of sound finance: |
| A. | German Historical economists |
| B. | Classical Economists |
| C. | Neo‐ classical economists |
| D. | None of the above |
| Answer» C. Neo‐ classical economists | |
| 11. |
The largest contributor to the state economy in 2010‐11 is: |
| A. | Primary |
| B. | Secondary |
| C. | Tertiary |
| D. | None |
| Answer» D. None | |
| 12. |
Which of the following committee was appointed by the Ministry of rural development to recommend a suitable methodology for identification of BPL families in rural areas: |
| A. | N.C.Saxena |
| B. | Tendulkar |
| C. | Sengupta |
| D. | Jain |
| Answer» B. Tendulkar | |
| 13. |
Chairman of the Thirteenth Finance Commission is: |
| A. | AM.Khusro |
| B. | KC.Pant |
| C. | Vijay Khelkar |
| D. | C.Rangarajan |
| Answer» D. C.Rangarajan | |
| 14. |
Inflation is a situation where |
| A. | Prices are falling |
| B. | Value of money is falling |
| C. | Value of money is rising |
| D. | All of the above |
| Answer» C. Value of money is rising | |
| 15. |
The District Primary Education Program (DPEP) introduced in the State during: |
| A. | 1994‐95 |
| B. | 1995‐96 |
| C. | 1996‐97 |
| D. | 1998‐99 |
| Answer» B. 1995‐96 | |
| 16. |
The rate of saving as percent of GDP in 2010‐11 in Indian economy is: |
| A. | 32.3% |
| B. | 35.1% |
| C. | 34.5% |
| D. | 32.9% |
| Answer» B. 35.1% | |
| 17. |
The growth rate of per capita income in the Kerala economy in 2010‐11 is: |
| A. | 7.33 |
| B. | 6.33 |
| C. | 6.9 |
| D. | 8.33 |
| Answer» E. | |
| 18. |
The largest contributing sector to GDP at the time of independence in India is: |
| A. | Agriculture |
| B. | Industry |
| C. | Service |
| D. | None |
| Answer» B. Industry | |
| 19. |
For a rural person the minimum calorie needed to reach above poverty line is: |
| A. | 2400 calorie |
| B. | 2100 calorie |
| C. | 1995 calorie |
| D. | 2011 calorie |
| Answer» B. 2100 calorie | |
| 20. |
The most liquid form of all assets is |
| A. | Bonds |
| B. | Debentures |
| C. | Bill of exchange |
| D. | Currency note |
| Answer» E. | |
| 21. |
Transaction in travel, transportation and insurance between countries is included under: |
| A. | Merchandise |
| B. | Official reserves |
| C. | Invisibles |
| D. | None of the above |
| Answer» D. None of the above | |
| 22. |
Which is the least oppressive system of land tenure in India? |
| A. | Zamindari system |
| B. | Mahalwari System |
| C. | Ryotwari system |
| D. | All |
| Answer» D. All | |
| 23. |
Balance of payment take in to account: |
| A. | Visible items |
| B. | Invisible items |
| C. | Both visible and invisible item |
| D. | None of the above |
| Answer» D. None of the above | |
| 24. |
Which of the following is a primary function of money? |
| A. | Measure of value |
| B. | Store of value |
| C. | Standard of deferred payments |
| D. | Basis of credit |
| Answer» B. Store of value | |
| 25. |
Demand for money arises from |
| A. | Money acts as a medium of exchange |
| B. | Money acts as a store of value |
| C. | Both A and B |
| D. | Neither A nor B |
| Answer» D. Neither A nor B | |
| 26. |
Balance on merchandise and service trade is called: |
| A. | Balance of payment |
| B. | Trade balance |
| C. | Current account |
| D. | Balance on goods and services |
| Answer» D. Balance on goods and services | |
| 27. |
In balance of payment , if current account registers a deficit, the capital and financial account must register a: |
| A. | Deficit |
| B. | Balance |
| C. | Surplus |
| D. | Capital outflow |
| Answer» D. Capital outflow | |
| 28. |
National Development Council was set up in : |
| A. | 1948 |
| B. | 1950 |
| C. | 1951 |
| D. | 1952 |
| Answer» E. | |
| 29. |
According to the Planning Commission’s estimates the per capita monthly expenditure for urban poverty in 2004‐05 is |
| A. | Rs.538.60 |
| B. | Rs.356.30 |
| C. | Rs.454.11 |
| D. | None |
| Answer» B. Rs.356.30 | |
| 30. |
Which of the following represents the major functions of the central bank? |
| A. | Note issuing agency |
| B. | Controller of credit |
| C. | Banker to the governmen |
| D. | All of the above |
| Answer» E. | |
| 31. |
The rate of investment as percent of GDP in 2010‐11 in Indian economy is: |
| A. | 32.3% |
| B. | 27.2% |
| C. | 33.5% |
| D. | 35.1% |
| Answer» E. | |
| 32. |
“The Law of Increase of state Activities” was explained by: |
| A. | Dalton |
| B. | AC.Pigou |
| C. | Adolph Wagner |
| D. | None of the above |
| Answer» D. None of the above | |
| 33. |
The contribution of service sector to GDP in 2011‐12 is: |
| A. | 13.9 % |
| B. | 14.5% |
| C. | 56.3% |
| D. | 29.1% |
| Answer» D. 29.1% | |
| 34. |
What is the correct sequence of the following strategies used for Five Year Plans in India? 1. Balanced growth 2. Rehabilitation of the economy 3. Industrial development |
| A. | 1,3,2 |
| B. | 2,1,3 |
| C. | 2,3,1 |
| D. | 3,2,1 |
| Answer» D. 3,2,1 | |
| 35. |
The ratio of unemployment in India in 2004‐05 is: |
| A. | 5.8 |
| B. | 6.6 |
| C. | 8.2 |
| D. | None |
| Answer» D. None | |
| 36. |
Which one of the following is correct when there is under valuation of domestic currency: |
| A. | Encouraging exports and inflow of capital |
| B. | Foreign goods cheaper and exports dearer |
| C. | Country imports more and exports less |
| D. | There is outflow of capital |
| Answer» B. Foreign goods cheaper and exports dearer | |
| 37. |
The average MPCE of rural people in India is: |
| A. | Rs.1054 |
| B. | Rs.1984 |
| C. | Rs.2105 |
| D. | Rs.455 |
| Answer» B. Rs.1984 | |
| 38. |
The type of unemployment more prominent in India is: |
| A. | Seasonal |
| B. | Cyclical |
| C. | Structural |
| D. | Open |
| Answer» D. Open | |
| 39. |
The largest number of emigrants originated from: |
| A. | Kottayam |
| B. | Ernakulam |
| C. | Palakkad |
| D. | Malappuram district |
| Answer» E. | |
| 40. |
A decrease in the domestic currency price of foreign currency is: |
| A. | Depreciation |
| B. | Appreciation |
| C. | Euro currency |
| D. | Hedging |
| Answer» C. Euro currency | |
| 41. |
Remittances foe abroad is included in which account of balance of payment: |
| A. | Current account |
| B. | Capital account |
| C. | Visible account |
| D. | Official account |
| Answer» B. Capital account | |
| 42. |
The People's Campaign for Decentralized Planning was formally inaugurated on: |
| A. | 15th August 1995 |
| B. | 11th November 1994 |
| C. | 17th August 1996 |
| D. | None |
| Answer» D. None | |
| 43. |
Green Revolution takes place in the year: |
| A. | 1950 |
| B. | 1960 |
| C. | 1966 |
| D. | 1963 |
| Answer» D. 1963 | |
| 44. |
Economic Planning is a subject: |
| A. | In the Union List |
| B. | In the State List |
| C. | In the Concurrent List |
| D. | Unspecified in any special list |
| Answer» B. In the State List | |
| 45. |
Which of the following transaction is debit in balance of payment; |
| A. | Export of merchandise |
| B. | Export of service |
| C. | Gift from foreigners |
| D. | Gift to foreigners |
| Answer» E. | |
| 46. |
Which plan is known as Industrial Plan? |
| A. | First |
| B. | Second |
| C. | Third |
| D. | Eleventh |
| Answer» C. Third | |
| 47. |
Assertion (A) : Devaluation in general is resorted to increase the exports. Reason (R) : It makes exports cheaper. |
| A. | Both (A) and (R) are correct |
| B. | (A) is correct, but (R) is not correct. |
| C. | Both (A) and (R) are incorrect |
| D. | is incorrect, but (R) is correct |
| Answer» B. (A) is correct, but (R) is not correct. | |
| 48. |
The Green Revolutionin India is mainly centered |
| A. | UP |
| B. | Tamil Nadu |
| C. | Kerala |
| D. | Punjab |
| Answer» E. | |
| 49. |
HYV is related mainly with the input of agriculture: |
| A. | Water |
| B. | Seeds |
| C. | Implements |
| D. | All |
| Answer» C. Implements | |
| 50. |
The Kerala Panchayat Raj Act was enacted by the UDF government in: |
| A. | 1995 |
| B. | 1994 |
| C. | 1996 |
| D. | 1997 |
| Answer» B. 1994 | |