MCQOPTIONS
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MCQOPTIONS
This section includes 568 Mcqs, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 151. |
From the following which is not a direct tax: |
| A. | Tax income |
| B. | Tax on wealth |
| C. | Tax on expenditure |
| D. | Tax on entertainment |
| Answer» B. Tax on wealth | |
| 152. |
India is a: |
| A. | Developed country |
| B. | Under developed Country |
| C. | Developing country |
| D. | None |
| Answer» D. None | |
| 153. |
The initial name of the decentralized planning in Kerala is: |
| A. | People's Plan Campaign |
| B. | Kerala Development Plan |
| C. | Both |
| D. | None |
| Answer» B. Kerala Development Plan | |
| 154. |
The percentage contribution of tourism to the state economy in2010‐11 is: |
| A. | 7% |
| B. | 8% |
| C. | 6% |
| D. | 9% |
| Answer» E. | |
| 155. |
Which of the following Five Year Plans was terminated one year before its completion? |
| A. | Second |
| B. | Third |
| C. | Fourth |
| D. | Fifth |
| Answer» E. | |
| 156. |
Cost – push inflation arises due to: |
| A. | Rise in wages |
| B. | Rise in the prices of raw materials |
| C. | Rise in profit |
| D. | All of the above |
| Answer» E. | |
| 157. |
The Green Revolution is otherwise known as : |
| A. | White Revolution |
| B. | Blue Revolution |
| C. | Wheat Revolution |
| D. | None |
| Answer» D. None | |
| 158. |
The long term unemployment is measured by |
| A. | Usual Status |
| B. | Current Weekly Status |
| C. | Current daily Status |
| D. | None |
| Answer» B. Current Weekly Status | |
| 159. |
The growth rate of Kerala economy in 2010‐11 is: |
| A. | 8.7 |
| B. | 7.8 |
| C. | 6.9 |
| D. | 9.13 |
| Answer» E. | |
| 160. |
The Eighth Five Year Plan gave priority to: |
| A. | Industrial growth |
| B. | Promotion of exports |
| C. | Increasing agricultural productivity |
| D. | Employment generation |
| Answer» E. | |
| 161. |
The district with largest number of out‐migrants from Kerala is: |
| A. | Kottayam |
| B. | Ernakulam |
| C. | Palakkad |
| D. | Malappuram |
| Answer» D. Malappuram | |
| 162. |
The concept of functional finance was first developed by: |
| A. | Hugh Dalton |
| B. | Taussig |
| C. | A.P. Lerner |
| D. | None the above. |
| Answer» D. None the above. | |
| 163. |
In the case of a ‘full bodied money’: |
| A. | Intrinsic value is less than face value |
| B. | Intrinsic value is equal to face value |
| C. | Intrinsic value is greater than face value |
| D. | None of the above |
| Answer» C. Intrinsic value is greater than face value | |
| 164. |
The contribution of Primary sector to GDP in 2011‐12 is: |
| A. | 13.9 |
| B. | 14.5 |
| C. | 56.5 |
| D. | 29.1 |
| Answer» B. 14.5 | |
| 165. |
Food Corporation of India was established in the year: |
| A. | 1960 |
| B. | 1966 |
| C. | 1965 |
| D. | 1969 |
| Answer» D. 1969 | |
| 166. |
According to 2010‐11 estimates the percent of people worked with agriculture is: |
| A. | 80.5% |
| B. | 52.1% |
| C. | 27% |
| D. | 23% |
| Answer» C. 27% | |
| 167. |
The Critical limit Hypothesis was explained by: |
| A. | Wiseman |
| B. | A. Wagner |
| C. | Colin Clark |
| D. | None of the above |
| Answer» D. None of the above | |
| 168. |
The period of the First Five Year plan was from : |
| A. | 1950‐51 to 1954‐55 |
| B. | 1951‐52 to 1955‐56 |
| C. | 1952‐53 to 1956‐57 |
| D. | None of these |
| Answer» C. 1952‐53 to 1956‐57 | |
| 169. |
Eighth Five Year Plan covered the period: |
| A. | 1990‐95 |
| B. | 1989‐94 |
| C. | 1991‐96 |
| D. | 1992‐97 |
| Answer» E. | |
| 170. |
The first attempt to initiate economic planning in India was made by: |
| A. | Balwantrai Mehta |
| B. | Vallabhbhai Patel |
| C. | M. Visvesvaraya |
| D. | Jawaharlal Nehru |
| Answer» D. Jawaharlal Nehru | |
| 171. |
The targeted growth rate of agriculture in the 11 th Five Year Plan: |
| A. | 3.3% |
| B. | 2.5% |
| C. | 4% |
| D. | 9% |
| Answer» D. 9% | |
| 172. |
Which one is the least important exportable item of agriculture sector? |
| A. | Tea |
| B. | Sugar |
| C. | spices |
| D. | Vegetables |
| Answer» E. | |
| 173. |
In India the standard money is |
| A. | Gold coins |
| B. | Rupee |
| C. | Dollar |
| D. | Paisa |
| Answer» C. Dollar | |
| 174. |
Who among the following authored the book 'Planned Economy for India' in 19 |
| A. | D.R. Gadgil |
| B. | M.N. Roy |
| C. | M. Viswesvaraya |
| D. | V.K.R.V Roy |
| Answer» D. V.K.R.V Roy | |
| 175. |
The main model that formed the basis of the strategy of the Second Five Year Plan was formulated by : |
| A. | V.K. R.V. Rao |
| B. | PC. Mahalonobis |
| C. | Dr.Gadgil |
| D. | P.R.Brahamandas |
| Answer» C. Dr.Gadgil | |
| 176. |
According to Mixed Recall period India’s Poverty in 2004‐05 is |
| A. | 36% |
| B. | 27.5% |
| C. | 21.8% |
| D. | None |
| Answer» D. None | |
| 177. |
According to 2001 census the rate of urbanisation in India is: |
| A. | 72.2% |
| B. | 27.8% |
| C. | 32.5% |
| D. | 45.2% |
| Answer» C. 32.5% | |
| 178. |
Which of the following are direct taxes: |
| A. | Gift tax |
| B. | Corporation tax |
| C. | Income tax |
| D. | All of the above. |
| Answer» E. | |
| 179. |
Among the following states which has the highest HDI value? |
| A. | Goa |
| B. | Punjab |
| C. | Kerala |
| D. | Tamil Nadu |
| Answer» D. Tamil Nadu | |
| 180. |
‐‐‐‐‐‐ is not an example of ‘near money’ |
| A. | Bill of exchange |
| B. | Treasury bills |
| C. | Bond |
| D. | Currency notes |
| Answer» E. | |
| 181. |
Which productive sector shows highest growth rate in India in 2011‐12 |
| A. | Agriculture |
| B. | Industry |
| C. | Service |
| D. | None |
| Answer» D. None | |
| 182. |
When income of the government is greater than its expenditure, the budget is: |
| A. | balanced |
| B. | surplus |
| C. | deficit |
| D. | none of the above |
| Answer» C. deficit | |
| 183. |
The ongoing weakening of Rupee against Dollar will cause |
| A. | Indian exports to US will rise |
| B. | Indian exports to US will fall |
| C. | Import from US to India will remain constant |
| D. | Indian exports to US remain constant |
| Answer» B. Indian exports to US will fall | |
| 184. |
All taxes come under: |
| A. | Capital receipts |
| B. | Public debt |
| C. | Revenue receipts |
| D. | Both (b) and (c). |
| Answer» D. Both (b) and (c). | |
| 185. |
According to Tendulkar committee India’s poverty in 2004‐05 is: |
| A. | 37.2% |
| B. | 27.5% |
| C. | 21.6% |
| D. | None |
| Answer» B. 27.5% | |
| 186. |
India’s rank according to HDI in 2011 is |
| A. | 127 |
| B. | 134 |
| C. | 130 |
| D. | 124 |
| Answer» C. 130 | |
| 187. |
Relative poverty is basically related with |
| A. | Poor |
| B. | Rich |
| C. | Both |
| D. | None |
| Answer» C. Both | |
| 188. |
If a small change in price leads to infinitely large change in quantity demanded, then the demand is: |
| A. | Perfectly elastic |
| B. | Perfectly inelastic |
| C. | Elastic |
| D. | Inelastic |
| Answer» B. Perfectly inelastic | |
| 189. |
Increase in output less than proportional to increase in inputs is called: |
| A. | Increasing returns |
| B. | Constant returns |
| C. | Diminishing returns |
| D. | Marginal returns |
| Answer» D. Marginal returns | |
| 190. |
In the case of diminishing returns to scale, a given proportionate increase in all factors causes |
| A. | A more than proportionate increase in output |
| B. | An equal proportionate increase in output |
| C. | A less than proportionate increase in output |
| D. | None of the above |
| Answer» D. None of the above | |
| 191. |
Supply curve represents -------- relationship between quantity and price |
| A. | Direct |
| B. | Inverse |
| C. | Either direct or inverse |
| D. | None of the above |
| Answer» B. Inverse | |
| 192. |
Equilibrium in the economy is settled by ---------, according to the Classicals. |
| A. | Centralized planning |
| B. | Price mechanism |
| C. | Both the planning and price mechanism |
| D. | None of these |
| Answer» C. Both the planning and price mechanism | |
| 193. |
Relation between price of a commodity and demand for another commodity is measured by: |
| A. | Price elasticity |
| B. | Income elasticity |
| C. | Cross elasticity |
| D. | Elasticity of substitution |
| Answer» D. Elasticity of substitution | |
| 194. |
The wants of the people are |
| A. | Limited |
| B. | Satiable |
| C. | Unlimited |
| D. | All of the above |
| Answer» D. All of the above | |
| 195. |
In a horizontal straight line demand curve, the price elasticity of demand is: |
| A. | Unity |
| B. | Infinity |
| C. | Zero |
| D. | Less than one |
| Answer» C. Zero | |
| 196. |
The distribution of national product among the members of the society is the problem of: |
| A. | What to produce |
| B. | How to produce |
| C. | For whom to produce |
| D. | All of the above |
| Answer» D. All of the above | |
| 197. |
If a positively sloped linear supply curve passes through the origin, the elasticity of supply is |
| A. | Inelastic |
| B. | Elastic |
| C. | Unitary elastic |
| D. | Perfectly elastic |
| Answer» D. Perfectly elastic | |
| 198. |
If the income elasticity of demand is greater than one, then the commodity is: |
| A. | Necessity |
| B. | Luxury |
| C. | Inferior |
| D. | Non-related commodity |
| Answer» B. Luxury | |
| 199. |
From the position of stable equilibrium, the market supply of a commodity decreases, while the market demand remains unchanged, then: |
| A. | Equilibrium price falls |
| B. | Equilibrium quantity rises |
| C. | Both equilibrium price and equilibrium quantity decreases |
| D. | Equilibrium price rises, but equilibrium quantity falls |
| Answer» E. | |
| 200. |
Name the economist who analyses the subject matter of economics into two branches: micro economic analysis and macro economic analysis. |
| A. | Adam Smith |
| B. | Alfred Marshall |
| C. | Ragner Frisch |
| D. | P A Samuelson |
| Answer» D. P A Samuelson | |