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.
| 251. |
In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this? I=A large number of farmers are illiterate and know little about scientific agricultureII=Prices of primary products are lower than those of manufactured products III=Investment in agriculture has been low when compared to investment in industry |
| A. | I, ii, iii |
| B. | I, ii |
| C. | I, iii |
| D. | Ii, iii |
| Answer» B. I, ii | |
| 252. |
The association of the rupee with pound sterling as the intervention currency was broken in |
| A. | 1990 |
| B. | 1991 |
| C. | 1992 |
| D. | 1993 |
| Answer» D. 1993 | |
| 253. |
Debenture holders of a company are its |
| A. | Shareholders |
| B. | Creditors |
| C. | Debtors |
| D. | Directors |
| Answer» C. Debtors | |
| 254. |
ICICI is the name of a |
| A. | Chemical industry |
| B. | Bureau |
| C. | Corporation |
| D. | Financial institution |
| Answer» E. | |
| 255. |
Planning commission constituted a high level committee for financial sector reforms in August 2007 under the Chairmanship of: |
| A. | K.v. kamath |
| B. | Raghuram g. rajan |
| C. | Bimal jalan |
| D. | None of these |
| Answer» C. Bimal jalan | |
| 256. |
Since the inception of the co-operative movement, rural credits has been |
| A. | Institutionalized |
| B. | Rationalized |
| C. | Cheapened |
| D. | All of the above |
| Answer» E. | |
| 257. |
Subsidies mean |
| A. | Payment by government for purchase of goods and services |
| B. | Payment made by business enterprises to factors of production |
| C. | Payment made by companies to shareholders |
| D. | Payment made by the government to business enterprises, without buying any goods and services |
| Answer» E. | |
| 258. |
National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year |
| A. | 1997 |
| B. | 1998 |
| C. | 1999 |
| D. | 2000 |
| Answer» D. 2000 | |
| 259. |
Non Tax revenues can be increased by improving the working of the |
| A. | State road transport corporations |
| B. | Electricity boards |
| C. | Commercial irrigation projects |
| D. | All of the above |
| Answer» D. All of the above | |
| 260. |
The current price index (base 1960) is nearly 330. This means that |
| A. | All items cost 3-3 times more than what they did in 1960 |
| B. | The prices of certain selected items have gone up to 3-3 times |
| C. | Weighted means of prices of certain item has increased 3-3 times |
| D. | Gold price has gone up 3-3 times |
| Answer» D. Gold price has gone up 3-3 times | |
| 261. |
National Development Council was constituted on |
| A. | 2 august, 1952 |
| B. | 6 august, 1952 |
| C. | 8 august, 1952 |
| D. | 12 august, 1952 |
| Answer» C. 8 august, 1952 | |
| 262. |
First five year plan in India was from |
| A. | 1947 - 1952 |
| B. | 1949 - 1954 |
| C. | 1950 - 1955 |
| D. | 1951 - 1956 |
| Answer» E. | |
| 263. |
Which of the following is not viewed as a national debt? |
| A. | Provident fund |
| B. | Life insurance policies |
| C. | National saving certificate |
| D. | Long-term government bonds |
| Answer» D. Long-term government bonds | |
| 264. |
Devaluation of currency will be more beneficial if |
| A. | Prices of domestic goods remain constant |
| B. | Prices of exports remain constant |
| C. | Prices of imports remains constant |
| D. | Prices of exports rise proportionately |
| Answer» C. Prices of imports remains constant | |
| 265. |
Reserve Bank of India was nationalized in the year |
| A. | 1935 |
| B. | 1945 |
| C. | 1949 |
| D. | 1969 |
| Answer» D. 1969 | |
| 266. |
Of the gross tax revenue of the Union Government the indirect taxes account for nearly |
| A. | 70 per cent |
| B. | 75 percent |
| C. | 65 percent |
| D. | 60 percent |
| Answer» D. 60 percent | |
| 267. |
States earn maximum revenue through |
| A. | Land revenue |
| B. | Custom revenue |
| C. | Commercial taxes |
| D. | Excise duties on intoxicants |
| Answer» D. Excise duties on intoxicants | |
| 268. |
If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits |
| A. | Will decrease |
| B. | Will increase |
| C. | Will neither increase nor decrease |
| D. | None of the above |
| Answer» D. None of the above | |
| 269. |
The currency convertibility concept in its original form originated in |
| A. | Wells agreement |
| B. | Bretton woods agreement |
| C. | Taylors agreement |
| D. | None of the above |
| Answer» C. Taylors agreement | |
| 270. |
Gilt-edged market means |
| A. | Bullion market |
| B. | Market of government securities |
| C. | Market of guns |
| D. | Market of pure metals |
| Answer» C. Market of guns | |
| 271. |
Notes on which denomination has the portrait of Mahatma Gandhi printed on them? |
| A. | 1000 rupee |
| B. | 500 rupee |
| C. | 100 rupee |
| D. | All of the above |
| Answer» E. | |
| 272. |
Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfer are |
| A. | Tax sharing |
| B. | Grant-in-aids |
| C. | Loans |
| D. | All the above |
| Answer» E. | |
| 273. |
If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit? |
| A. | Rs. 50,000 crores |
| B. | Rs. 25,000 crores |
| C. | Rs. 1,00,000 crores |
| D. | Rs. 1,25,000 crores |
| Answer» B. Rs. 25,000 crores | |
| 274. |
On July 12, 1982, the ARDC was merged into |
| A. | Rbi |
| B. | Nabard |
| C. | Exim bank |
| D. | None of the above |
| Answer» C. Exim bank | |
| 275. |
Development expenditure of the Central government does not include |
| A. | Defence expenditure |
| B. | Expenditure on economic services |
| C. | Expenditure on social and community services |
| D. | Grant to states |
| Answer» B. Expenditure on economic services | |
| 276. |
If the RBI adopts an expansionist open market operations policy, this means that it will |
| A. | Buy securities from non-government holders |
| B. | Sell securities in the open market |
| C. | Offer commercial banks more credit in the open market |
| D. | Openly announce to the market that it intends to expand credit |
| Answer» D. Openly announce to the market that it intends to expand credit | |
| 277. |
The Mid Day Meal scheme was launched on |
| A. | August 15, 2000 |
| B. | August 15, 1992 |
| C. | August 15, 1995 |
| D. | August 15, 2001 |
| Answer» D. August 15, 2001 | |
| 278. |
The central banking functions in India are performed by the I=Central Bank of India II=Reserve Bank of India III=State Bank of India IV=Punjab National Bank |
| A. | I, ii |
| B. | Ii |
| C. | I |
| D. | Ii, iii |
| E. | Iv |
| Answer» C. I | |
| 279. |
Which of the following is the most appropriate cause of exports surplus? |
| 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 | |
| 280. |
Deficit financing means that the government borrows money from the |
| A. | Rbi |
| B. | Local bodies |
| C. | Big businessmen |
| D. | Imf |
| Answer» B. Local bodies | |
| 281. |
Regional rural banks I=have limited area of operation II=have free access to liberal refinance facilities from NABARD III=are required to lend only to weaker sections |
| A. | I, iii |
| B. | Ii, iii |
| C. | I, ii, iii |
| D. | I, ii |
| Answer» E. | |
| 282. |
Which is not a Kharif Crop ? |
| A. | Jowar |
| B. | Maize |
| C. | Groundnut |
| D. | Wheat |
| Answer» E. | |
| 283. |
National Sample Survey Organisation (NSSO) was established in |
| A. | 1947 |
| B. | 1948 |
| C. | 1949 |
| D. | 1950 |
| Answer» E. | |
| 284. |
What is the mainstay of Indian economy ? |
| A. | Manufacturing |
| B. | Business |
| C. | Public sector |
| D. | Agriculture |
| Answer» E. | |
| 285. |
Industrial Finance Corporation of India (IFCI) was established in : |
| A. | 1946 |
| B. | 1947 |
| C. | 1948 |
| D. | 1949 |
| Answer» D. 1949 | |
| 286. |
India is the largest milk producing country in the world |
| A. | True |
| B. | False |
| Answer» B. False | |
| 287. |
How much population is living below poverty line in India ? |
| A. | Approx 24% |
| B. | Approx 25% |
| C. | Approx 26% |
| D. | Approx 27% |
| Answer» D. Approx 27% | |
| 288. |
Green Revolution started in |
| A. | 1964-65 |
| B. | 1965-66 |
| C. | 1966-67 |
| D. | 1967-68 |
| Answer» D. 1967-68 | |
| 289. |
Planning Commission was constituted on ? |
| A. | 15 march, 1948 |
| B. | 15 march, 1949 |
| C. | 15 march, 1950 |
| D. | 15 march, 1951 |
| Answer» D. 15 march, 1951 | |
| 290. |
Iron and steel industry started in India in the year ? |
| A. | 1855 |
| B. | 1860 |
| C. | 1865 |
| D. | 1870 |
| Answer» E. | |
| 291. |
Which Indian got Nobel Prize for Economics ? |
| A. | Teressa |
| B. | Amarthiya sen |
| C. | C.v.raman |
| D. | None of above |
| Answer» C. C.v.raman | |
| 292. |
The mineral in which India depends largely on imports is |
| A. | Iron ore |
| B. | Bauxite |
| C. | Mica |
| D. | Mercury |
| Answer» E. | |
| 293. |
Which industry is the largest ? |
| A. | Handloom |
| B. | Sports |
| C. | Music |
| D. | Textile |
| Answer» E. | |
| 294. |
Which of the following is not viewed as a national debt ? |
| A. | National saving certificate |
| B. | Provident fund |
| C. | Life insurance policies |
| D. | Long-term government bonds |
| Answer» B. Provident fund | |
| 295. |
Approx __ % of Indian population is still Agriculturist |
| A. | 46% |
| B. | 50% |
| C. | 58% |
| D. | 64% |
| Answer» D. 64% | |
| 296. |
Industrial Credit and Investment Corporation of India (ICICI) was established in : |
| A. | 1989 |
| B. | 1990 |
| C. | 1991 |
| D. | 1992 |
| Answer» D. 1992 | |
| 297. |
The best indicator of economic development of any country is ? |
| A. | Its agriculture |
| B. | Its transport |
| C. | Its gross production |
| D. | Its per capita income |
| Answer» E. | |
| 298. |
Mahila Samridhi Yojana started in ? |
| A. | 1992 |
| B. | 1993 |
| C. | 1994 |
| D. | 1995 |
| Answer» C. 1994 | |
| 299. |
Industrial Development Bank of India (IDBI) established in |
| A. | 1964 |
| B. | 1965 |
| C. | 1966 |
| D. | 1967 |
| Answer» B. 1965 | |
| 300. |
The head quarters of world trade organisation is in |
| A. | Montreal |
| B. | Geneva |
| C. | New jersey |
| D. | Seatle |
| Answer» C. New jersey | |