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.
| 201. |
NABARD is |
| A. | A bank |
| B. | A board |
| C. | A block |
| D. | A department |
| Answer» B. A board | |
| 202. |
Scheduled Bank is that bank which is |
| A. | Nationalised |
| B. | Not nationalised |
| C. | Based at foreign country |
| D. | Included in the second schedule of rbi |
| Answer» E. | |
| 203. |
Rolling plan was made for the period |
| A. | 1971-1978 |
| B. | 1980-1985 |
| C. | 1978-1983 |
| D. | 1992-1997 |
| Answer» D. 1992-1997 | |
| 204. |
Meera Seth Committee was related to |
| A. | Development of handlooms |
| B. | Sex-differentiation in employment |
| C. | Abolition of child labour |
| D. | Welfare of working women |
| Answer» B. Sex-differentiation in employment | |
| 205. |
The 'year of Great Divide' refers to |
| A. | The slow down in death rate after 1921 |
| B. | Rapid growth rate in population after 1921 |
| C. | The declining sex ratio after 1921 |
| D. | All the above |
| Answer» C. The declining sex ratio after 1921 | |
| 206. |
The Slogam "Garibi Hatas" was included in |
| A. | First plan |
| B. | Fifth plan |
| C. | Fourth plan |
| D. | Second plan |
| Answer» C. Fourth plan | |
| 207. |
According to 2001 census the state having highest urban population is |
| A. | U.p. |
| B. | Maharashtra |
| C. | Tamilnadu |
| D. | Kerala |
| Answer» C. Tamilnadu | |
| 208. |
Indian Railways earn the Maximum Revenue from |
| A. | Passenger fare |
| B. | Freight |
| C. | Traffic tax |
| D. | Passenger tax |
| Answer» C. Traffic tax | |
| 209. |
Who is the 'Ex-Officio' Chairman of planning commission? |
| A. | President |
| B. | Planning minister |
| C. | Finance minister |
| D. | Prime minister |
| Answer» E. | |
| 210. |
What was the aim of Antyodaya programme? |
| A. | Elimination of urban poverty |
| B. | Improving the standards of scheduled castes |
| C. | Uplifting minorities |
| D. | Helping the poorest among poor |
| Answer» E. | |
| 211. |
The currency notes are printed in |
| A. | Bombay |
| B. | Nasik |
| C. | New delhi |
| D. | Nagpur |
| Answer» C. New delhi | |
| 212. |
Ninth Five Year Plan period is between |
| A. | 1996-2001 |
| B. | 1997-2002 |
| C. | 1998-2003 |
| D. | 1999-2004 |
| Answer» C. 1998-2003 | |
| 213. |
The minimum number of members who must be present for transacting the business at a meeting is called |
| A. | Proxy |
| B. | Motion |
| C. | Agenda |
| D. | Quorum |
| Answer» E. | |
| 214. |
Consider the following statements : VDIS I. means Voluntary Disclosure of Income Scheme II. was introduced in 1997 III. helped the tax evaders to declare undisclosed income of over Rs.33,000 crores. IV. helped the Government to get a tax of more than Rs.10,050 crores. Of the statements: |
| A. | I and ii are correct |
| B. | I,ii and iii are correct |
| C. | I,iii and iv are correct |
| D. | All are correct |
| Answer» E. | |
| 215. |
SIDCO was established in |
| A. | 1950 |
| B. | 1952 |
| C. | 1954 |
| D. | 1956 |
| Answer» D. 1956 | |
| 216. |
Advertising creates a |
| A. | Brand loyalty |
| B. | Quality of the product |
| C. | Puruchasing capacity |
| D. | None of these |
| Answer» B. Quality of the product | |
| 217. |
"Grapevine" is a term used in relation to |
| A. | Formal communication |
| B. | Informal communication |
| C. | Both formal and informal communication |
| D. | Informal motivation |
| Answer» C. Both formal and informal communication | |
| 218. |
Reserve Bank of India issues all currency notes except |
| A. | One- rupee note |
| B. | Two- rupee note |
| C. | Five- rupee note |
| D. | Ten- rupee note |
| Answer» B. Two- rupee note | |
| 219. |
The former name of State Bank of India was |
| A. | Central bank of india |
| B. | United bank of india |
| C. | Imperial bank of india |
| D. | People's bank of india |
| Answer» D. People's bank of india | |
| 220. |
Which state stands first in the length of roads in the country? |
| A. | U.p. |
| B. | M.p. |
| C. | Maharashtra |
| D. | Rajasthan |
| Answer» D. Rajasthan | |
| 221. |
Bank Reconciliation Statement is |
| A. | A part of the cash book |
| B. | A ledger account |
| C. | A part of the bank account |
| D. | A statement prepared to find out the causes for difference between bank column of cash book and pass book |
| Answer» E. | |
| 222. |
"FERA" stands for |
| A. | Foreign exchange regulation act |
| B. | Foreign exchange restrictions act |
| C. | Foreign exchange reserve act |
| D. | All of these |
| Answer» B. Foreign exchange restrictions act | |
| 223. |
Expenditure on defence is an item of |
| A. | Public welfare investment |
| B. | Security of the nation |
| C. | Government's duty |
| D. | Development |
| Answer» C. Government's duty | |
| 224. |
The base year of the present Wholesale Price Index (WPI) is |
| A. | 1993-94 |
| B. | 1971-72 |
| C. | 1980-81 |
| D. | 1981-82 |
| Answer» B. 1971-72 | |
| 225. |
What is the 'joint sector' in India? |
| A. | A commodity produced by both public and private sectors is said to be in the joint sector. |
| B. | It is an enterprise owned jointly by an indian and a foreign company |
| C. | It is an enterprise owned jointly by the private and public sectors |
| D. | It is a venture in which the government has more than a 50 per cent share |
| Answer» D. It is a venture in which the government has more than a 50 per cent share | |
| 226. |
Contribution of agriculture to Gross National Product is approximately ? |
| A. | 14% |
| B. | 15% |
| C. | 16.5% |
| D. | 17.5% |
| Answer» E. | |
| 227. |
Which state has the lowest per capital income in India? |
| A. | Bihar |
| B. | Orissa |
| C. | Rajasthan |
| D. | Gujarat |
| Answer» B. Orissa | |
| 228. |
Which of the following is not a direct tax? |
| A. | Wealth tax |
| B. | Corporation tax |
| C. | Estate tax |
| D. | Sales tax |
| Answer» E. | |
| 229. |
The main objective of TRYSEM was |
| A. | To train rural youth for self employment |
| B. | To train urban youth for self employment |
| C. | Both of the above |
| D. | None of these |
| Answer» B. To train urban youth for self employment | |
| 230. |
If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to |
| A. | Increase it |
| B. | Decrease it |
| C. | No impact |
| D. | None of the above |
| Answer» B. Decrease it | |
| 231. |
In the second nationalization of commercial banks, ___ banks were nationalized. |
| A. | 4 |
| B. | 5 |
| C. | 6 |
| D. | 8 |
| Answer» D. 8 | |
| 232. |
Some portion of the capital which can be called up only on the winding up of a company is called |
| A. | Paid up capital |
| B. | Called up capital |
| C. | Reserve capital |
| D. | Capital reserve |
| Answer» D. Capital reserve | |
| 233. |
In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this? |
| A. | I, ii, iii |
| B. | I, ii |
| C. | I, iii |
| D. | Ii, iii |
| Answer» B. I, ii | |
| 234. |
Regional rural banks |
| A. | I, iii |
| B. | Ii, iii |
| C. | I, ii, iii |
| D. | I, ii |
| Answer» E. | |
| 235. |
The ARDC is now a branch of the |
| A. | Rbi |
| B. | Nabard |
| C. | Idbi |
| D. | Sdbi |
| Answer» C. Idbi | |
| 236. |
Short-term finance is usually for a period ranging up to |
| A. | 5 months |
| B. | 10 months |
| C. | 12 months |
| D. | 15 months |
| Answer» D. 15 months | |
| 237. |
Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to |
| A. | 80 percent |
| B. | 83 percent |
| C. | 90 percent |
| D. | 100 percent |
| Answer» E. | |
| 238. |
In utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process? |
| A. | Rs 1000 |
| B. | Rs 500 |
| C. | Rs 400 |
| D. | Rs 300 |
| Answer» E. | |
| 239. |
One rupee currency note in India bears the signature of- |
| A. | The president of india |
| B. | Finance minister of india |
| C. | Governor (rbi) |
| D. | Finance secretary of government of india |
| Answer» E. | |
| 240. |
Which of the following is not a part of machinery that settles industrial disputes? |
| A. | Wage court |
| B. | Works committee |
| C. | Conciliation officers |
| D. | Board of conciliation |
| Answer» E. | |
| 241. |
Deficit financing implies |
| A. | Printing new currency notes |
| B. | Replacing new currency with worn out currency |
| C. | Public expenditure in excess of public revenue |
| D. | Public revenue in excess of public expenditure |
| Answer» D. Public revenue in excess of public expenditure | |
| 242. |
The progress in increase of fish production was called |
| A. | Yellow revolution |
| B. | White revolution |
| C. | Brown revolution |
| D. | Blue revolution |
| Answer» E. | |
| 243. |
First Regional Rural Bank came into existence in, |
| A. | 1973 |
| B. | 1974 |
| C. | 1975 |
| D. | 1976 |
| Answer» D. 1976 | |
| 244. |
In India, the first bank of limited liability manages by Indians and founded in 1881 was |
| A. | Hindustan commercial bank |
| B. | Oudh commercial bank |
| C. | Punjab national bank |
| D. | Punjab and sind bank |
| Answer» C. Punjab national bank | |
| 245. |
In the state of India, the State Financial Corporation have given assistance mainly to develop |
| A. | Agricultural farms |
| B. | Cottage industry |
| C. | Large-scale industries |
| D. | Medium and small-scale industries |
| Answer» E. | |
| 246. |
Revenue of the state governments are raised from the following sources, except |
| A. | Entertainment tax |
| B. | Expenditure tax |
| C. | Agricultural income tax |
| D. | Land revenue |
| Answer» D. Land revenue | |
| 247. |
In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines |
| A. | To govern entry of new private sector banks to make the banking sector more competitive |
| B. | To reduce the freedom given to banks to rationalize their existing branch network |
| C. | To setup more foreign exchange banks |
| D. | To lend more easily for industrial development |
| Answer» B. To reduce the freedom given to banks to rationalize their existing branch network | |
| 248. |
If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be |
| A. | Zero |
| B. | Equal to government income |
| C. | Larger than government income |
| D. | Negative |
| Answer» C. Larger than government income | |
| 249. |
Fiscal deficit in the Union Budget means |
| A. | The difference between current expenditure and current revenue |
| B. | Net increase in union governments borrowings from the reserve bank of india |
| C. | The sum of budgetary deficit and net increase in internal and external borrowings |
| D. | The sum of monetized deficit and budgetary deficit |
| Answer» D. The sum of monetized deficit and budgetary deficit | |
| 250. |
Excise duty is a tax levied on the |
| A. | Import of goods |
| B. | Export of goods |
| C. | Production of goods |
| D. | Sale of goods |
| Answer» D. Sale of goods | |