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.
| 51. |
Who is responsible for establishing and maintaining astound and efficient accounting and financial reporting system in India? |
| A. | The comptroller general of accounts |
| B. | Niti ayog |
| C. | Rbi |
| D. | None of these |
| Answer» B. Niti ayog | |
| 52. |
India has the Maximum foreign trade with |
| A. | Japan |
| B. | Germany |
| C. | U.s.a. |
| D. | U.k. |
| Answer» D. U.k. | |
| 53. |
What is 'Hawala'? |
| A. | Full details of a subject |
| B. | Illegal transactions of foreign exchange |
| C. | Illegal trading of shares |
| D. | Tax evasion |
| Answer» C. Illegal trading of shares | |
| 54. |
Finance Commission is appointed by the President under Article |
| A. | 256 of constitution |
| B. | 280 of constitution |
| C. | 293 of constitution |
| D. | 356 of constitution |
| Answer» C. 293 of constitution | |
| 55. |
Bank rate is the rate at which |
| A. | The reserve bank of india gives credit to commercial banks |
| B. | A bank lends to the public |
| C. | The reserve bank of india lends to the public |
| D. | The government of india lends to other countries |
| Answer» B. A bank lends to the public | |
| 56. |
Core industries include |
| A. | Industries catering to defence requirements |
| B. | Basic industries |
| C. | Critical industries |
| D. | All the above |
| Answer» D. All the above | |
| 57. |
L.I.C. of India was established in |
| A. | 1897 |
| B. | 1950 |
| C. | 1956 |
| D. | 1965 |
| Answer» D. 1965 | |
| 58. |
Which country produces Maximum Tea in the world? |
| A. | India |
| B. | China |
| C. | Srilanka |
| D. | Japan |
| Answer» B. China | |
| 59. |
The concept of mixed economy envisages |
| A. | Integrated and balanced economic development |
| B. | Co-existence of public and private sectors |
| C. | Balanced development of agriculture and industry |
| D. | Equal importance to economic and social values |
| Answer» C. Balanced development of agriculture and industry | |
| 60. |
According to 2001 census, per 1000 male female number is |
| A. | 939 |
| B. | 959 |
| C. | 933 |
| D. | 927 |
| Answer» D. 927 | |
| 61. |
Corporate Tax is imposed by |
| A. | State government |
| B. | Local government |
| C. | Central government |
| D. | Both center and state government |
| Answer» D. Both center and state government | |
| 62. |
National Development Council was constituted in |
| A. | 1945 |
| B. | 1948 |
| C. | 1952 |
| D. | 1965 |
| Answer» D. 1965 | |
| 63. |
One rupee note in India is signed by |
| A. | Rbi governor |
| B. | Union finance minister |
| C. | Secretary, finance ministry |
| D. | Secretary, commerce ministry |
| Answer» D. Secretary, commerce ministry | |
| 64. |
The Ex-officio secretary of NDC is |
| A. | Secretary of finance ministry |
| B. | General secretary of lok sabha |
| C. | Secretary of planning commission |
| D. | Vice-chairman of planning commission |
| Answer» D. Vice-chairman of planning commission | |
| 65. |
Land reforms provide |
| A. | Incentives to land owners to invest in technological inputs in land |
| B. | Finance for irrigation and good seeds for land holdings |
| C. | Encouragement to actual fillers |
| D. | All the above |
| Answer» D. All the above | |
| 66. |
Fiscal Deficit means |
| A. | Public expenditure-debts from sources other than rbi |
| B. | Public capital expenditure-surplus of revenue account |
| C. | Government expenditure-revenue receipts |
| D. | Public expenditure-tax and non-tax revenue receipts |
| Answer» E. | |
| 67. |
Who was the Chairman of Disinvestment Commission? |
| A. | Vasudev sen |
| B. | G.v. rama krishan |
| C. | Narasimham |
| D. | Ram niwas mirdha |
| Answer» C. Narasimham | |
| 68. |
Kasturba Gandhi Education Scheme is related to |
| A. | Girl education |
| B. | Adult education |
| C. | Child labour education |
| D. | Tribal women (above 18 years) |
| Answer» B. Adult education | |
| 69. |
Which one of the following is the banker of the banks ? |
| A. | State bank of india |
| B. | Reserve bank of india |
| C. | Punab national bank |
| D. | Central bank of india |
| Answer» C. Punab national bank | |
| 70. |
Which five year plan is also known as "Gadgil Yojana" ? |
| A. | Second five year plan |
| B. | Third five year plan |
| C. | Fourth five year plan |
| D. | Fifth five year plan |
| Answer» D. Fifth five year plan | |
| 71. |
India holds the third position in production of Sugar cane |
| A. | True |
| B. | False |
| Answer» C. | |
| 72. |
Pradhan Mantri Gramodaya Yojana started in ? |
| A. | 1999 |
| B. | 2000 |
| C. | 2001 |
| D. | 2002 |
| Answer» C. 2001 | |
| 73. |
Deficit financing implies : |
| A. | Printing new currency notes |
| B. | Public revenue in excess of public expenditure |
| C. | Public expenditure in excess of public revenue |
| D. | Replacing new currency with worn out currency |
| Answer» D. Replacing new currency with worn out currency | |
| 74. |
The Central Bank of our country is the |
| A. | Reserve bank of india |
| B. | State bank of india |
| C. | Central bank of india |
| D. | Indian bank |
| Answer» B. State bank of india | |
| 75. |
Small Industries Development Bank of India (SIDBI) was established in : |
| A. | 1986 |
| B. | 1987 |
| C. | 1988 |
| D. | 1989 |
| Answer» E. | |
| 76. |
Dunkel proposal is related to |
| A. | Patent right |
| B. | Fundamental right |
| C. | Human right |
| D. | None of these |
| Answer» B. Fundamental right | |
| 77. |
Who introduced cooperative society in India? |
| A. | Lord curzon |
| B. | Lord wavell |
| C. | Lord rippon |
| D. | Lord cornwallis |
| Answer» B. Lord wavell | |
| 78. |
When was Focus Market Scheme introduced? |
| A. | 2003-04 |
| B. | 2004-05 |
| C. | 2005-06 |
| D. | 2006-07 |
| Answer» E. | |
| 79. |
Which Indian got Nobel Prize for Economics? |
| A. | Khorana |
| B. | C.v. raman |
| C. | Teressa |
| D. | Amarthiya sen |
| Answer» E. | |
| 80. |
The central banking functions in India are performed by the?I.Central Bank of India II.Reserve Bank of IndiaIII.State Bank of IndiaIV.Punjab National Bank |
| A. | I,ii |
| B. | Ii |
| C. | I |
| D. | Ii,iii |
| Answer» C. I | |
| 81. |
RBI was nationalised in |
| A. | 1959 |
| B. | 1947 |
| C. | 1945 |
| D. | 1949 |
| Answer» E. | |
| 82. |
What is the target growth rate as envisaged in the Ninth Five Year Plan? |
| A. | 5.5% |
| B. | 6% |
| C. | 7% |
| D. | 8% |
| Answer» C. 7% | |
| 83. |
NABARD was established in |
| A. | Fourth plan |
| B. | Fifth plan |
| C. | Sixth plan |
| D. | Eighth plan |
| Answer» D. Eighth plan | |
| 84. |
Who is the Chairman of NDC? |
| A. | Finance minister |
| B. | Prime minister |
| C. | Planning minister |
| D. | Lok sabha speaker |
| Answer» C. Planning minister | |
| 85. |
CRISIL |
| A. | Evaluates the credit documents of a company |
| B. | Provides financial assistance to industries |
| C. | Provides finances for rural areas |
| D. | Promotes exports |
| Answer» B. Provides financial assistance to industries | |
| 86. |
20 rupee and above value notes are printed in |
| A. | Currency note press, nasik |
| B. | Security printing press, hyderabad |
| C. | Bank note press, dewas |
| D. | All of these |
| Answer» C. Bank note press, dewas | |
| 87. |
Net factor income from abroad added to GDP gives |
| A. | Ndp |
| B. | Nnp |
| C. | Gnp |
| D. | Per capital income |
| Answer» D. Per capital income | |
| 88. |
The birth rate measures the number of births during the year per |
| A. | 1000 sq.km. of area |
| B. | One sq.km. of area |
| C. | 1000 of population |
| D. | 100 of population |
| Answer» D. 100 of population | |
| 89. |
"Golden Handshake Scheme" is associated with |
| A. | Inviting foreign companies |
| B. | Private investment in public enterprises |
| C. | Establishing joint enterprises |
| D. | Voluntary retirement |
| Answer» E. | |
| 90. |
First Export Promotion Zone (EPZ) in private sector was established at |
| A. | Kandla |
| B. | Vishakhapatnam |
| C. | Noida |
| D. | Surat |
| Answer» E. | |
| 91. |
The most important small-scale industry in India is that of |
| A. | Handloom |
| B. | Textiles |
| C. | Jute |
| D. | Jewellary |
| Answer» B. Textiles | |
| 92. |
The chairman of the 13th Finance Commission is |
| A. | Vijay l. kelkar |
| B. | Millen kumar banerjee |
| C. | C. rangarajan |
| D. | C. k. jaffer sheriff |
| Answer» B. Millen kumar banerjee | |
| 93. |
Human Resource Development was recognized as the core of all developmental efforts in |
| A. | The second five year plan |
| B. | The fifth five year plan |
| C. | The sixth five year plan |
| D. | The eighth five year plan |
| Answer» E. | |
| 94. |
Consolidation of two or more existing companies into one is known as |
| A. | Absorption |
| B. | Liquidation |
| C. | Reconstruction |
| D. | Amalgamation |
| Answer» E. | |
| 95. |
A serious effort to tackle the problem of poverty began with |
| A. | First five year plan |
| B. | Second five year plan |
| C. | Fourth five year plan |
| D. | Seventh five year plan |
| Answer» C. Fourth five year plan | |
| 96. |
Which is not a fiber material? |
| A. | Jute |
| B. | Silk |
| C. | Flax |
| D. | Rubber |
| Answer» E. | |
| 97. |
"Economic Planning" refers to |
| A. | Increasing the tax revenue |
| B. | Allocation of resources |
| C. | Proper planning to utilize manpower |
| D. | Exploitation of both tax revenue and manpower |
| Answer» C. Proper planning to utilize manpower | |
| 98. |
The period of Ninth Five Year Plan is |
| A. | 1997-2002 |
| B. | 1996-2001 |
| C. | 1998-2003 |
| D. | 1999-2004 |
| Answer» B. 1996-2001 | |
| 99. |
The basic function of an economy is |
| A. | Consumption |
| B. | Production |
| C. | Investment |
| D. | All these |
| Answer» E. | |
| 100. |
National Renewel Fund was constituted in |
| A. | 1990 |
| B. | 1992 |
| C. | 1994 |
| D. | 1996 |
| Answer» C. 1994 | |