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.
| 101. |
Consider the following statement: I. India is a developing economy II. India is the second stage of demography III. India ranks second among the highly populated countries. IV. India stands first in Industrial production Of the statements: |
| A. | I, alone is correct |
| B. | I and ii are correct |
| C. | I,ii and iii are correct |
| D. | All are correct |
| Answer» D. All are correct | |
| 102. |
Consider the following statement: Assertion (A) : Indian Economy is a developing economy Reason (R) : India has disguised unemployment. Of the Statements: |
| A. | Both (a) and (r) are true. and (r) is the correct explanation of (a) |
| B. | Both (a) and (r) are true, but (r) is not the correct explanation of (a) |
| C. | Both (a) and (r) are false |
| D. | (a) is false, but (r) is true |
| Answer» C. Both (a) and (r) are false | |
| 103. |
In India, Policy of Population Control was introduced in |
| A. | 1951 |
| B. | 1961 |
| C. | 1971 |
| D. | 1947 |
| Answer» D. 1947 | |
| 104. |
Recent Tax reforms in India are based on the |
| A. | Rajah j. chelliah committee report |
| B. | Chocksi committee report |
| C. | Wanchoo committee report |
| D. | Raj committee report |
| Answer» B. Chocksi committee report | |
| 105. |
In which plan was the growth rate target exceeded? |
| A. | First |
| B. | Second |
| C. | Sixth |
| D. | Seventh |
| Answer» B. Second | |
| 106. |
Decimal coinage was introduced in India in the year |
| A. | 1850 |
| B. | 1957 |
| C. | 1955 |
| D. | 1960 |
| Answer» C. 1955 | |
| 107. |
Consumers surplus is |
| A. | Surplus consumer |
| B. | Consumers surplus profit |
| C. | Surplus product |
| D. | Surplus satisfaction |
| Answer» E. | |
| 108. |
Tax clearance certificate is required for |
| A. | Starting a new business |
| B. | A person leaving india |
| C. | Any auditor to practice income tax |
| D. | Any assessor who wants to escape tax |
| Answer» C. Any auditor to practice income tax | |
| 109. |
"Horlicks" is a ................ name. |
| A. | Material |
| B. | Brand |
| C. | Institution |
| D. | Company |
| Answer» C. Institution | |
| 110. |
For fiscal consolidation, 13th Finance Commission in its suggested roadmap kept the ceiling of debt burden of the union government at |
| A. | 35% of gdp |
| B. | 40% of gdp |
| C. | 45% of gdp |
| D. | 50% of gdp |
| Answer» D. 50% of gdp | |
| 111. |
Which city has been identified as the hottest (i.e., first ranking) outsourcing destination in the World? |
| A. | Bangalore (india) |
| B. | Dublin (india) |
| C. | Makati city (the philippines) |
| D. | Tokyo (japan) |
| Answer» B. Dublin (india) | |
| 112. |
In India the co-operative movement was initiated in the sector of |
| A. | Agricultural credit |
| B. | Marketing of agricultural products |
| C. | Farming |
| D. | Consumer goods production |
| Answer» B. Marketing of agricultural products | |
| 113. |
Which institution is known as Soft loan window of World Bank? |
| A. | Ifc |
| B. | Imf |
| C. | Indian development forum |
| D. | Ida |
| Answer» B. Imf | |
| 114. |
Value-added tax is |
| A. | Tax on final consumption collected at the consumption stage |
| B. | An ad-valorem tax on final consumption collected at the manufacturing level |
| C. | A special tax levied by states on products from other states |
| D. | An ad-valorem tax on domestic final consumption collected at all stages between production and the point of final sale |
| Answer» E. | |
| 115. |
Which of the following is not a non-plan expenditure? |
| A. | Subsidies |
| B. | Central assistance for states and ut plans |
| C. | Defence expenditure |
| D. | Interest payment |
| Answer» C. Defence expenditure | |
| 116. |
The currency Deutsche Mark belongs to |
| A. | Italy |
| B. | Russia |
| C. | Germany |
| D. | Polland |
| Answer» D. Polland | |
| 117. |
The system of value added taxation is applicable to |
| A. | Income tax |
| B. | Estate duty |
| C. | Taxes on agricultural income |
| D. | Excise duties |
| Answer» E. | |
| 118. |
When did RBI become a state owned institution? |
| A. | 1947 |
| B. | 1949 |
| C. | 1952 |
| D. | 1956 |
| Answer» C. 1952 | |
| 119. |
Foreign Currency which has tendency of quick migration is called |
| A. | Hot currency |
| B. | Soft currency |
| C. | Gold currency |
| D. | Scarce currency |
| Answer» B. Soft currency | |
| 120. |
Which of the following does not grant any tax rebate? |
| A. | National saving certificate |
| B. | Indira vikas patra |
| C. | National saving scheme |
| D. | Public provident fund |
| Answer» C. National saving scheme | |
| 121. |
The New Symbol of Indian Rupee is a blend of |
| A. | Devanagiri ra |
| B. | Roman r |
| C. | Devanagiri ra and roman |
| D. | None of these |
| Answer» D. None of these | |
| 122. |
A special economic zone is set up at |
| A. | Kochi |
| B. | Kandla |
| C. | Positra |
| D. | None of these |
| Answer» D. None of these | |
| 123. |
India's first private telephone service was launched in 1998 at |
| A. | Mumbai |
| B. | New delhi |
| C. | Indore |
| D. | Kochi |
| Answer» D. Kochi | |
| 124. |
The 'Ad hoc Treasury Bill System' of meeting budget deficit in India was replaced by 'Ways and Means Advances System' which has come into force on |
| A. | March 31, 1997 |
| B. | April 1, 1996 |
| C. | April 1, 1997 |
| D. | None of these |
| Answer» D. None of these | |
| 125. |
Novelis has been acquired and merged with |
| A. | Tata steels |
| B. | Sail |
| C. | Hindalco |
| D. | Jindal steels |
| Answer» D. Jindal steels | |
| 126. |
The Maximum investment limit for Small-Scale Industries has been reduced to |
| A. | Rs.60 lakh |
| B. | Rs.10 lakh |
| C. | Rs.1 crore |
| D. | Rs.3 crore |
| Answer» D. Rs.3 crore | |
| 127. |
Which statement of the following is true for IMF? |
| A. | It is not an agency of uno |
| B. | It can grant loan to any country of the world |
| C. | It can grant loan to state govt. of a country |
| D. | It grants loan only to member nations |
| Answer» E. | |
| 128. |
The exports of India |
| A. | Have not shown much of a change since 1960-61 |
| B. | Comprise mainly of agro-based products |
| C. | Are confined to a few items |
| D. | Are spread over several commodity groups |
| Answer» E. | |
| 129. |
The recommendations of the 13th Finance Commission has become/will be operational during the period |
| A. | 2009 - 14 |
| B. | 2010 - 15 |
| C. | 2011 - 16 |
| D. | None of the above |
| Answer» C. 2011 - 16 | |
| 130. |
The state which has the highest sugarcane production in India is |
| A. | Bihar |
| B. | Uttar pradesh |
| C. | Maharashtra |
| D. | Madhya pradesh |
| Answer» C. Maharashtra | |
| 131. |
Which is the most important source of income for Government of India? |
| A. | Interest |
| B. | Licence fee |
| C. | Income tax |
| D. | Excise duty |
| Answer» E. | |
| 132. |
Moral Suasion and Statutory Liquidity Ratio (SLR) are instruments of |
| A. | Monetary policy |
| B. | Trade policy |
| C. | Fiscal policy |
| D. | Budget |
| Answer» B. Trade policy | |
| 133. |
In India, barter exchange is still in practice in |
| A. | Calcutta |
| B. | Lucknow |
| C. | Ahmedbad |
| D. | Jabalpur |
| Answer» B. Lucknow | |
| 134. |
The National Development Council is mainly concerned with |
| A. | Approval of five-year plans |
| B. | Implementing community development programmes |
| C. | Approving and assessing major development project in india |
| D. | Implementing state plans |
| Answer» B. Implementing community development programmes | |
| 135. |
The working of SEBI includes |
| A. | To regulate the dealings of share market |
| B. | To check the foul dealings in share market |
| C. | To control the inside trading of shares |
| D. | All of these |
| Answer» E. | |
| 136. |
The base of Consumer Price Index for Industrial Workers is being from 1982 to |
| A. | 1995 |
| B. | 1998 |
| C. | 2000 |
| D. | 2001 |
| Answer» E. | |
| 137. |
The term fiscal deficit means |
| A. | Revenue receipts minus expenditure |
| B. | Total receipts minus expenditure |
| C. | Revenue receipts minus defence expenditure |
| D. | Total receipts minus interest payments on external debt. |
| Answer» C. Revenue receipts minus defence expenditure | |
| 138. |
The Industrial Investment Bank of India was earlier known as the |
| A. | Idbi |
| B. | Irda |
| C. | Irbi |
| D. | Bifr |
| Answer» D. Bifr | |
| 139. |
Regional Rural Banks were established in |
| A. | 1897 |
| B. | 1985 |
| C. | 1965 |
| D. | 1975 |
| Answer» E. | |
| 140. |
Taxation and the government's expenditure policy are dealt under the |
| A. | Fiscal policy |
| B. | Budget |
| C. | Trade policy |
| D. | Monetary policy |
| Answer» B. Budget | |
| 141. |
Which of the following is not an indirect tax? |
| A. | Sales tax |
| B. | Entertainment tax |
| C. | Customs duties |
| D. | Land revenue |
| Answer» E. | |
| 142. |
OTCEI is |
| A. | Atomic submarine of china |
| B. | Economic policy of usa |
| C. | An indian share market |
| D. | A defense research organisation |
| Answer» D. A defense research organisation | |
| 143. |
The planning Commission was reconstituted in |
| A. | October 1951 |
| B. | January 1948 |
| C. | March 1950 |
| D. | August 1949 |
| Answer» D. August 1949 | |
| 144. |
The National Stock Exchange functions from |
| A. | Kolkata |
| B. | Mumbai |
| C. | New delhi |
| D. | Nagpur |
| Answer» C. New delhi | |
| 145. |
How many commodity exchanges (as on July 30, 2010) are working in India? |
| A. | Three |
| B. | Four |
| C. | Five |
| D. | Six |
| Answer» C. Five | |
| 146. |
Which of the following committees was assigned to recommend reforms in the Insurance Sector? |
| A. | Chelliah committee |
| B. | Rakhi committee |
| C. | Nadkarni committee |
| D. | Malhotra committee |
| Answer» E. | |
| 147. |
Which of the following states has the highest growth rate of population (1981-91)? |
| A. | Bihar |
| B. | Orissa |
| C. | Rajasthan |
| D. | Nagaland |
| Answer» E. | |
| 148. |
CAPART is related with |
| A. | Assisting and evaluating rural welfare programmes |
| B. | Computer hardware |
| C. | Consultant service of export promotion |
| D. | Controlling pollution in big industries |
| Answer» B. Computer hardware | |
| 149. |
Consider the following statements: Assertion(A): Demand curve normally slopes down wards. Reason (R) : Demand for goods increases when price increases. Of these |
| A. | Both (a) and (r) are true and (r) is the correct explanation of (a) |
| B. | Both (a) and (r) are true, but (r) is not the correct explanation of (a) |
| C. | (a) is true, but (r) is false |
| D. | (a)is false, but (r) is true |
| Answer» D. (a)is false, but (r) is true | |
| 150. |
As per the statistics on foreign debt at the end of March 2010, the ratio of long term debt and short term debt stands at |
| A. | About 80 : 20 |
| B. | About 75 : 25 |
| C. | About 70 : 30 |
| D. | About 65 : 35 |
| Answer» B. About 75 : 25 | |