MCQOPTIONS
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MCQOPTIONS
This section includes 57 Mcqs, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Dutt Committee was related to which of the following ? |
| A. | Industrial licensing |
| B. | Tax Reforms |
| C. | PSU disinvestment |
| D. | Cash Credit Systems |
| Answer» B. Tax Reforms | |
| 2. |
In the initial years of independence, grain shortage forced India to sign PL 480 wheat import deal with which of the following countries? |
| A. | Canada |
| B. | United States |
| C. | Russia |
| D. | Israel |
| Answer» C. Russia | |
| 3. |
In which year the original concept of Goods and Services Tax (GST) in the present form had come to India in a formal manner? |
| A. | 2000 |
| B. | 2002 |
| C. | 2004 |
| D. | 2006 |
| Answer» D. 2006 | |
| 4. |
What is the frequency of availability of Overall WPI Index? |
| A. | Weekly |
| B. | Biweekly |
| C. | Monthly |
| D. | Daily |
| Answer» D. Daily | |
| 5. |
Which among the following holds true for Economic Development? |
| A. | Economic Development is the value of country’s total output of goods and services during a year estimated at constant prices |
| B. | Economic Development increases in real per capita GNP over a period of time |
| C. | Economic Development expresses the relations between two variables |
| D. | Economic Development shows balanced Growth |
| Answer» C. Economic Development expresses the relations between two variables | |
| 6. |
Which among the following sentences is / are correct ? |
| A. | The Union Levies, collects and distributes the proceeds of income tax between itself and states |
| B. | The Union Levies, collects and distributes the proceeds of income tax between states |
| C. | The Union Levies, collects and keeps the proceeds of income tax |
| D. | The Union Levies, collects and distributes the proceeds of income tax & Surcharge and only surcharge is distributed among states |
| Answer» B. The Union Levies, collects and distributes the proceeds of income tax between states | |
| 7. |
Which among the following correctly defines “Fertility Rate” ? |
| A. | Average number of Live Births per 1000 Population |
| B. | Average number of Live Births per 1000 women |
| C. | Average number of Live Births per 1000 families |
| D. | Average number of surviving children per 1000 Live Births |
| Answer» C. Average number of Live Births per 1000 families | |
| 8. |
Which of the following schemes have been subsumed in the recently approved Ayushman Bharat – National Health Protection Mission (AB-NHPM)? |
| A. | Rashtriya Swasthya Bima Yojana (RSBY) |
| B. | Senior Citizen Health Insurance Scheme (SCHIS) |
| C. | National Life Insurance Scheme |
| D. | 1 & 2 |
| Answer» E. | |
| 9. |
Which among the following does not come under ISOPOM scheme? |
| A. | Oil Seeds |
| B. | Pulses |
| C. | Oil Palm |
| D. | Rice |
| Answer» E. | |
| 10. |
___the benefits of development from different sectors should not by pass women and special programmes on women should complement the general development programmes. The latter, in turn, should reflect greater gender sensitivity”Which among the following plan documents emphasized the need of “Gender Budgeting” by incorporating the above clause / phrase? |
| A. | 7th Five Year Plan Documen |
| B. | 8th Five Year Plan Documen |
| C. | 9th Five Year Plan Documen |
| D. | 10th Five Year Plan Documen |
| Answer» C. 9th Five Year Plan Documen | |
| 11. |
Which among the following is the most important determinant of the size of the market in an economy? |
| A. | Population |
| B. | Cost of transport |
| C. | Infrastructure |
| D. | Productivity |
| Answer» E. | |
| 12. |
Interest Rate Policy is a part of which of the following? |
| A. | Fiscal Policy |
| B. | Monetary policy |
| C. | Industrial Policy |
| D. | All the above |
| Answer» C. Industrial Policy | |
| 13. |
In which year monopolistic and restrictive and restrictive trade practices act became effective? |
| A. | 1969 |
| B. | 1970 |
| C. | 1971 |
| D. | 1972 |
| Answer» C. 1971 | |
| 14. |
Currently, which among the following products is facing imports ban from China? |
| A. | Milk and Milk products |
| B. | Rice |
| C. | Telecom equipment |
| D. | Heavy electrical engineering equipment |
| Answer» B. Rice | |
| 15. |
What is the name of watershed development project sponsored by central Government of India? |
| A. | Green India |
| B. | Harit Kranti |
| C. | Hariyali |
| D. | Green India Project |
| Answer» D. Green India Project | |
| 16. |
What is the number of Mission Mode Projects (MMPs) in the National e-governance plan? |
| A. | 21 |
| B. | 23 |
| C. | 25 |
| D. | 27 |
| Answer» E. | |
| 17. |
Which among the following does not go with Progressive taxation? |
| A. | ability to pay |
| B. | administrative convenience |
| C. | in built stabilizer |
| D. | will to work and save |
| Answer» E. | |
| 18. |
Which among the following would most likely follow if the Reserve Bank of India effects selling of the securities? |
| A. | The cash resources at the disposal of the commercial banks increase. |
| B. | The cash resources at the disposal of the commercial banks get diminished. |
| C. | The cash resources of the commercial banks remain unchanged |
| D. | None of the above |
| Answer» C. The cash resources of the commercial banks remain unchanged | |
| 19. |
The portion of total deposits of a commercial bank which it has to keep with itself in the form of liquid assets is called ___ ? |
| A. | Statutory Liquidity Ratio |
| B. | Cash Reserve Ratio |
| C. | Statutory Reserve Ratio |
| D. | Cash ratio |
| Answer» B. Cash Reserve Ratio | |
| 20. |
Which among the following is the short name of highest authority in India for Indirect Taxes? |
| A. | CBED |
| B. | CBDT |
| C. | CBEC |
| D. | CBIT |
| Answer» D. CBIT | |
| 21. |
What is CD ratio in Banking industry? |
| A. | Cash Deposit Ratio |
| B. | Credit Debit Ratio |
| C. | Cash Debt Ratio |
| D. | Current Debt Ratio |
| Answer» B. Credit Debit Ratio | |
| 22. |
If we consider that BSE Index has increased from 17000 to 17170 today, it would mean that __________? |
| A. | Total Value of the Share market securities has gone up by 1% |
| B. | Total value of the share market securities has gone up by 170 Crore Rupees |
| C. | Total value of the securities which constitute the index has increased 1% |
| D. | Total value of the securities which constitute the index has increased by 170 Crore Rupees |
| Answer» D. Total value of the securities which constitute the index has increased by 170 Crore Rupees | |
| 23. |
Progressive Taxation is most closely associated to the base which the tax proposals are generally developed is ______? |
| A. | Expediency Theory |
| B. | Cost of service approach |
| C. | Ability to pay approach |
| D. | Concentration approach |
| Answer» D. Concentration approach | |
| 24. |
What was the period of India’s First Five Year Plan? |
| A. | 1951-56 |
| B. | 1961-66 |
| C. | 1969-1974 |
| D. | 1979-1984 |
| Answer» B. 1961-66 | |
| 25. |
Universalization of Secondary Education was an aim of which among the following five year plans? |
| A. | 9th |
| B. | 10th |
| C. | 11th |
| D. | 12th |
| Answer» D. 12th | |
| 26. |
The Government has launched the UDYAMI helpline for which among the following? |
| A. | Large capital Industries |
| B. | Female entrepreneur |
| C. | Farmers introducing technology in Farming |
| D. | Micro, small & medium size enterprises |
| Answer» E. | |
| 27. |
Expenditures of the central government on flagship development programmes comes under which of the following? |
| A. | Plan expenditures |
| B. | Non Plan expenditures |
| C. | Revenue expenditures |
| D. | Capital expenditures |
| Answer» B. Non Plan expenditures | |
| 28. |
Which among the following are two maximum revenue yielding groups of Indirect taxes in India? |
| A. | Custom and General Sales Tax |
| B. | Union Excise Duties and General Sales tax |
| C. | Union Excise Duties and Customs |
| D. | Union Excise duties and state Excise duties |
| Answer» C. Union Excise Duties and Customs | |
| 29. |
A syndicated loan is a loan that is _____? |
| A. | Secured by Mortgages |
| B. | Unsecured |
| C. | Provided by Group of Banks |
| D. | Provided to a Group of Customers |
| Answer» D. Provided to a Group of Customers | |
| 30. |
In which year, “20 Point Programme” was initiated for the first time in India? |
| A. | 1972 |
| B. | 1975 |
| C. | 1976 |
| D. | 1978 |
| Answer» C. 1976 | |
| 31. |
Which among these is most volatile Foreign Capital? |
| A. | External Commercial Borrowings |
| B. | Foreign Direct Investment |
| C. | Loans from International Financial Institutions |
| D. | Foreign Portfolio Investment |
| Answer» E. | |
| 32. |
For ensuring easier exit of the sick units the government has proposed a policy called EXIT POLICY 1992. Why this committee was not implemented? |
| A. | Opposition from Trade Unions |
| B. | Economic revival |
| C. | Pressure from the Opposition |
| D. | Liberalization of economy |
| Answer» B. Economic revival | |
| 33. |
Which of the following statements/ situation indicates a better welfare due to rising per capita income? |
| A. | The per capita income increases with no change in overall income distribution |
| B. | The per capita income increases with change in the income distribution in favor of the Rich |
| C. | The per capita income increases with change in the income distribution in favor of the Poor |
| D. | The per capita income increases with change in the income distribution in favor of the Industrial Labor |
| Answer» D. The per capita income increases with change in the income distribution in favor of the Industrial Labor | |
| 34. |
In which of the following products, the return for the investor would be minimum? |
| A. | debt mutual funds |
| B. | post office deposits |
| C. | bank fixed deposits |
| D. | Liquid funds |
| Answer» E. | |
| 35. |
In an inflationary trend, the pricing of the bank products are: |
| A. | At increasing trend |
| B. | At decreasing trend |
| C. | No relevance of Inflation |
| D. | Constant |
| Answer» B. At decreasing trend | |
| 36. |
On which among the following dates, National Development Council was set up? |
| A. | 9th August 1960 |
| B. | 6th August 1952 |
| C. | 15th September 1958 |
| D. | 29th August 1960 |
| Answer» C. 15th September 1958 | |
| 37. |
Central Employment Guarantee Council overlooks the progress of which among the following scheme? |
| A. | MGNREGA |
| B. | Food for Works Programme |
| C. | National Rural Livelihood Mission |
| D. | All of them |
| Answer» B. Food for Works Programme | |
| 38. |
An investor or speculator who subscribes to a new issue with the intention of selling them soon after allotment to realize a quick profit is called? |
| A. | Stag |
| B. | Tall |
| C. | Bull |
| D. | Bear |
| Answer» B. Tall | |
| 39. |
How many number of Precision Farming Development Centres (PFDCs) are present in Inidia? |
| A. | 20 |
| B. | 22 |
| C. | 25 |
| D. | 30 |
| Answer» C. 25 | |
| 40. |
Kirit Parikh committee was related to which of the following? |
| A. | Gurjars Reservation Issue in Rajasthan |
| B. | Oil & Petroleum Import Policy |
| C. | Oil Price Reforms |
| D. | Commodity Exchange Regulations |
| Answer» D. Commodity Exchange Regulations | |
| 41. |
“Interest rate risk” can be placed in which among the following categories? |
| A. | Credit risk |
| B. | Market risk |
| C. | Operating Risk |
| D. | All of above |
| Answer» C. Operating Risk | |
| 42. |
Government recently conducted the auction of several coal mines located at Brahmadih, Choritand Tiliaya, Jogeshwar and Khas Jogeshwar, Rabodih OCP and Rohne. In which state these mines are located? |
| A. | Odisha |
| B. | Jharkhand |
| C. | Madhra Pradesh |
| D. | Bihar |
| Answer» C. Madhra Pradesh | |
| 43. |
Bring out the only statement, which is not fully correct: |
| A. | An increase in the supply of money will always result in inflation |
| B. | Inflation occurs when the value of money declines |
| C. | Cost inflation occurs when prices rise to cover increased factor costs |
| D. | Inflation will have the effect of redistributing incomes within a country |
| Answer» B. Inflation occurs when the value of money declines | |
| 44. |
Minting of Government medals is done at following places? |
| A. | Hoshangabad |
| B. | Nasik & Dewas |
| C. | Kolkata & NOIDA |
| D. | Mysore and Mumbai |
| Answer» D. Mysore and Mumbai | |
| 45. |
With which of the following the fiscal policy is related to ? |
| A. | Open market Operations |
| B. | Change in Reserve requirements |
| C. | Liquidity Adjustment facility |
| D. | Taxation and government spending |
| Answer» E. | |
| 46. |
Which among the following is called financial back bone of Indian Power Sector? |
| A. | Powergrid Corporation of India Ltd. |
| B. | Power Finance Corporation |
| C. | Damodar Valley Corporation |
| D. | Satluj Jal Vidyut Nigam Ltd. |
| Answer» C. Damodar Valley Corporation | |
| 47. |
Which of the following crop types are affected generally positively by western disturbances in India? |
| A. | Rabi Crop |
| B. | Kharif Crop |
| C. | Zaid Crop |
| D. | None of them |
| Answer» B. Kharif Crop | |
| 48. |
The Government of India is planning to allow 200,000 tones of duty-free sugar imports. Which of the following is a correct statement about Sugar production and consumption of sugar in India? |
| A. | India is world’s largest sugar producer |
| B. | India is world’s largest sugar consumer |
| C. | India’s largest sugar producing state is Uttar Pradesh |
| D. | Sugar farming in India is concentrated in Deccan peninsula only. |
| Answer» C. India’s largest sugar producing state is Uttar Pradesh | |
| 49. |
Which among the following body regulates Mutual Funds in India? |
| A. | RBI |
| B. | SEBI |
| C. | NABARD |
| D. | AMFI |
| Answer» C. NABARD | |
| 50. |
Which among the following is an anti-inflationary measure? |
| A. | Stagflation |
| B. | Hyper inflation |
| C. | Disinflation |
| D. | Deflation |
| Answer» D. Deflation | |