MCQOPTIONS
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MCQOPTIONS
This section includes 325 Mcqs, each offering curated multiple-choice questions to sharpen your Indian Economy knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
the most appropriate cause of exports surplus is? |
| A. | Country's exports promotion value |
| B. | Country's stringent import policy |
| C. | Developments in national and international markets |
| D. | None of the above |
| Answer» D. None of the above | |
| 2. |
The condition of indirect taxes in the country's revenue is approximately |
| A. | 70 percent |
| B. | 75 percent |
| C. | 80 percent |
| D. | 86 percent |
| Answer» E. | |
| 3. |
The Board of Industrial and Financial Reconstruction (BIFR) came into existence in |
| A. | 1984 |
| B. | 1986 |
| C. | 1987 |
| D. | 1989 |
| Answer» D. 1989 | |
| 4. |
The first wholly Indian Bank was set up in |
| A. | 1794 |
| B. | 1894 |
| C. | 1896 |
| D. | 1902 |
| Answer» C. 1896 | |
| 5. |
Open market operation is a part of: |
| A. | Credit policy |
| B. | Debit policy |
| C. | Deposit policy |
| D. | None of these |
| Answer» B. Debit policy | |
| 6. |
In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India? |
| A. | Chemicals other than fertilizers |
| B. | Services sector |
| C. | Food processing |
| D. | Telecommunication |
| Answer» E. | |
| 7. |
The share of road transport in total transportation of the country is: |
| A. | 60% |
| B. | 70% |
| C. | 75% |
| D. | 80% |
| Answer» E. | |
| 8. |
Which of the following items would not appear in a company's balance sheet? |
| A. | Value of stocks of raw materials held |
| B. | Total issued capital |
| C. | Revenue from sales of the company's products |
| D. | Cash held at the bank |
| Answer» D. Cash held at the bank | |
| 9. |
Aam Admi Bima Yojana was launched on: |
| A. | November 14, 2011 |
| B. | March 5, 2009 |
| C. | March 10, 2008 |
| D. | October 2, 2007 |
| Answer» E. | |
| 10. |
Depreciation means |
| A. | Closure of a plant due to lock out |
| B. | Closure of a plant due to labour trouble |
| C. | Loss of equipment over time due to wear and tear |
| D. | Destruction of a plant in a fire accident |
| Answer» D. Destruction of a plant in a fire accident | |
| 11. |
Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves I=interest payments II=subsidies III=defence IV=irrigation |
| A. | I, ii |
| B. | I |
| C. | I, ii, iii |
| D. | Ii, iii, iv |
| Answer» D. Ii, iii, iv | |
| 12. |
Gross domestic capital formation is defined as |
| A. | Flow of expenditure devoted to increased or maintaining of the capital stock |
| B. | Expenditure incurred on physical assets only |
| C. | Production exceeding demand |
| D. | Net addition to stock after depreciation |
| Answer» E. | |
| 13. |
In India the term Black Revolution is associated with: |
| A. | Self-dependence in the production of coal |
| B. | Nurturing the black soil |
| C. | Self-dependence in the production of petroleum crude oil |
| D. | Self-dependence in the production of balck corp |
| Answer» D. Self-dependence in the production of balck corp | |
| 14. |
The central co-operative banks are in direct touch with |
| A. | Farmers |
| B. | State co-operative banks |
| C. | Land development banks |
| D. | Central government |
| Answer» C. Land development banks | |
| 15. |
Exise duty is imposed on |
| A. | Sale of an item |
| B. | Production of an item |
| C. | Consumption of an item |
| D. | All of above |
| Answer» C. Consumption of an item | |
| 16. |
What is FEMA ? |
| A. | First exchange management act |
| B. | Foreign exchequer management act |
| C. | Foreign exchange management act |
| D. | Foreign evaluation management act |
| Answer» D. Foreign evaluation management act | |
| 17. |
Who gave the call for Evergreen Revolution? |
| A. | M. s. swaminathan |
| B. | Verghese kurien |
| C. | Tribhuvandas patel |
| D. | H. m. dalaya |
| Answer» B. Verghese kurien | |
| 18. |
Which state has the highest Per Capita Income in India ? |
| A. | Delhi |
| B. | Punjab |
| C. | Bihar |
| D. | West bengal |
| Answer» C. Bihar | |
| 19. |
General Insurance Corporation (GIC) was established in ? |
| A. | 1971 |
| B. | 1972 |
| C. | 1973 |
| D. | 1974 |
| Answer» C. 1973 | |
| 20. |
When was new rupee symbol was selected by Union Cabinet ? |
| A. | July 10, 2010 |
| B. | July 15, 2010 |
| C. | July 10, 2011 |
| D. | July 15, 2011 |
| Answer» C. July 10, 2011 | |
| 21. |
India earns maximum foreign exchange by the export of ? |
| A. | Iron |
| B. | Handloom |
| C. | Texttiles |
| D. | Tea |
| Answer» E. | |
| 22. |
Who is known as father of economics ? |
| A. | Adam smith |
| B. | Max muller |
| C. | Joy chaterjee |
| D. | Amritya sen |
| Answer» B. Max muller | |
| 23. |
The data of estimation of India's National income is issued by ? |
| A. | Planning commision |
| B. | National data center |
| C. | Central statistical organsation |
| D. | None of above |
| Answer» D. None of above | |
| 24. |
National Rural Employment Programme started in ? |
| A. | 1979 |
| B. | 1980 |
| C. | 1981 |
| D. | 1982 |
| Answer» C. 1981 | |
| 25. |
Devaluation of a currency means |
| A. | Reduction in the value of a currency vis-a-vis major internationally traded currencies |
| B. | Permitting the currency to seek its worth in the international market |
| C. | Fixing the value of the currency in conjunction with the movement in the value of a basket of pre-de |
| D. | Fixing the value of currency in multilateral consultation with the imf, the world bank and major tra |
| Answer» B. Permitting the currency to seek its worth in the international market | |
| 26. |
The co-operative credit societies have a |
| A. | Two-tier structure |
| B. | Three-tier structure |
| C. | Four-tier structure |
| D. | Five-tier structure |
| Answer» C. Four-tier structure | |
| 27. |
On which one of the followings is the benefits received principle of taxation to achieve optimality bases? |
| A. | Marginal benefit received |
| B. | Total benefit received |
| C. | Average benefit received |
| D. | Ability to pay for the benefit |
| Answer» E. | |
| 28. |
Which five year plan focused on "Growth with social justice and equity" |
| A. | Ninth five year plan |
| B. | Eight five year plan |
| C. | Seventh five year plan |
| D. | Sixth five year plan |
| Answer» B. Eight five year plan | |
| 29. |
Deficit financing leads to inflation in general, but it can be checked if |
| A. | Government expenditure leads to increase in the aggregate supply in ratio of aggregate demand |
| B. | Only aggregate demand is increased |
| C. | All the expenditure is denoted national debt payment only |
| D. | All of the above |
| Answer» E. | |
| 30. |
India changed over to the decimal system of coinage in |
| A. | April 1995 |
| B. | April 1957 |
| C. | April 1958 |
| D. | April 1959 |
| Answer» C. April 1958 | |
| 31. |
One of the reasons for India's occupational structure remaining more or less the same over the years has been that |
| A. | Investment pattern has been directed towards capital intensive industries |
| B. | Productivity in agriculture has been high enough to induce people to stay with agriculture |
| C. | Ceiling on land holdings have enabled more people to own land and hence their preference to stay wit |
| D. | People are largely unaware of the significance of transition from agriculture to industry for econom |
| Answer» B. Productivity in agriculture has been high enough to induce people to stay with agriculture | |
| 32. |
Redistribution polices geared to reduce economic inequalities include |
| A. | Progressive tax policies |
| B. | Land reforms |
| C. | Rural development policies |
| D. | All the above |
| Answer» E. | |
| 33. |
The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called |
| A. | Statutory bank ratio (sbr) |
| B. | Statutory liquid ratio (slr) |
| C. | Central bank reserve (cbr) |
| D. | Central liquid reserve (clr) |
| Answer» C. Central bank reserve (cbr) | |
| 34. |
Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country? |
| A. | Reliance energy |
| B. | Essar oil |
| C. | Gail |
| D. | Ongc |
| Answer» C. Gail | |
| 35. |
Imperial Bank of India was old name of ? |
| A. | State bank of india |
| B. | United bank of india |
| C. | Central bank of india |
| D. | Punjab national bank |
| Answer» B. United bank of india | |
| 36. |
Who was the father of Operation Flood ? |
| A. | Dr. norman borlaug |
| B. | Dr. m.s. swaminathan |
| C. | Dr. verghese kurien |
| D. | Dr. william gande |
| Answer» D. Dr. william gande | |
| 37. |
First five year plan was based on ? |
| A. | Herold -domar model |
| B. | P.c. mahalanobis model |
| C. | Both of above |
| D. | None of above |
| Answer» B. P.c. mahalanobis model | |
| 38. |
The concept of Economic Planning in India is derived from ? |
| A. | Usa |
| B. | Uk |
| C. | Australia |
| D. | Russia |
| Answer» E. | |
| 39. |
Banking regulation act was passed in ? |
| A. | 1947 |
| B. | 1948 |
| C. | 1949 |
| D. | 1950 |
| Answer» D. 1950 | |
| 40. |
Which state is the biggest tea producer in the country ? |
| A. | Andhra pradesh |
| B. | Sikkim |
| C. | Assam |
| D. | West bengal |
| Answer» D. West bengal | |
| 41. |
When community development programme (CDP) started ? |
| A. | 1952 |
| B. | 1953 |
| C. | 1954 |
| D. | 1955 |
| Answer» B. 1953 | |
| 42. |
The Price rise has been almost continuous since |
| A. | 1951 |
| B. | 1911 |
| C. | 1939 |
| D. | 1947 |
| Answer» D. 1947 | |
| 43. |
Reserve bank of India was established on |
| A. | 1st april, 1935 |
| B. | 1st april, 1936 |
| C. | 1st april, 1937 |
| D. | 1st april, 1938 |
| Answer» B. 1st april, 1936 | |
| 44. |
National Rural Employment Guarantee Programme started in ? |
| A. | 2005 |
| B. | 2006 |
| C. | 2007 |
| D. | 2008 |
| Answer» C. 2007 | |
| 45. |
Ten rupee notes contain the signature of: |
| A. | Finance secretary, goi |
| B. | Chairman, sbi |
| C. | Governor, rbi |
| D. | Finance minister , goi |
| E. | Prime minister |
| Answer» D. Finance minister , goi | |
| 46. |
Paper currency first started in India in |
| A. | 1861 |
| B. | 1542 |
| C. | 1601 |
| D. | 1880 |
| Answer» B. 1542 | |
| 47. |
In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models? |
| A. | Change in quantity of money - change in investment - change in employment and output - change in rat |
| B. | Change in quantity of money - change in employment and output - change in investment - change in the |
| C. | Change in quantity of money - change in investment - change in rate of interest - change in employme |
| D. | Change in quantity of money - change in rate of interest - change in investment - change in employme |
| Answer» E. | |
| 48. |
Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to |
| A. | Ardc |
| B. | Sbi |
| C. | Nabard |
| D. | Pacs |
| Answer» D. Pacs | |
| 49. |
Devaluation of currency leads to |
| A. | Fall in domestic prices |
| B. | Increase in domestic prices |
| C. | No impact on domestic prices |
| D. | Erratic fluctuations in domestic prices |
| Answer» C. No impact on domestic prices | |
| 50. |
In India, which one among the following formulates the fiscal policy? |
| A. | Planning commission |
| B. | Ministry of finance |
| C. | Finance commission |
| D. | The reserve bank of india |
| Answer» C. Finance commission | |