MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Sarva Siksha Abhiyan is aimed at the education of which of the following |
| A. | Engineering and Technical Education |
| B. | Education of girls upto graduation level |
| C. | Adult Education |
| D. | Education of children between 6-14 years |
| Answer» E. | |
| 2. |
SEBI is ___________. |
| A. | Constitutional body |
| B. | advisory body |
| C. | statutory body |
| D. | non-statutory body |
| Answer» D. non-statutory body | |
| 3. |
Redistribution of income in a country can be brought about through |
| A. | Progressive taxation combined with progressive expenditure |
| B. | Progressive taxation combined with regressive expenditure |
| C. | Regressive taxation combined with regressive expenditure |
| D. | Regressive taxation combined with progressive expenditure |
| Answer» B. Progressive taxation combined with regressive expenditure | |
| 4. |
"Residex Index" is associated with which of these? |
| A. | Share Prices |
| B. | Mutual Fund Prices |
| C. | Price Inflation Index |
| D. | Housing Prices |
| Answer» E. | |
| 5. |
Revenue should be recognized when |
| A. | the service is performed |
| B. | the customer charges an order |
| C. | cash is received |
| D. | the customer places an order |
| Answer» B. the customer charges an order | |
| 6. |
Revenue Investment in public work is known as___________._x005F_x000D_ |
| A. | expenditure |
| B. | current expenditure |
| C. | capital expenditure |
| D. | expenditure and current expenditure both |
| Answer» D. expenditure and current expenditure both | |
| 7. |
Reema wants to buy a certain designer party dress. The shop is offering a discount of 20% on that dress which is marked at Rs 5000. If Reema was willing to pay even Rs 7000 for that dress, Reema's consumer surplus is |
| A. | Rs 3000 |
| B. | Rs 2000 |
| C. | Rs 1000 |
| D. | Rs 7000 |
| Answer» B. Rs 2000 | |
| 8. |
Rate of the growth of an economy is measured in terms of |
| A. | National income |
| B. | Monthly family income |
| C. | Number of people who have been lifted above the poverty line |
| D. | Industrial Development |
| Answer» B. Monthly family income | |
| 9. |
Recession is ___________. |
| A. | reduction in production and employment for want of sufficient demand for goods |
| B. | rise in the cost of production, especially because of wage increase |
| C. | increase in money supply without a matching increase in production |
| D. | No option is correct |
| Answer» B. rise in the cost of production, especially because of wage increase | |
| 10. |
Production costs to an economist |
| A. | reflect opportunity costs |
| B. | consist only of explicit costs |
| C. | always reflect monetary outlays |
| D. | never reflect monetary outlays |
| Answer» B. consist only of explicit costs | |
| 11. |
Pump priming should be resorted to at a time of? |
| A. | Inflation |
| B. | Deflation |
| C. | Stagflation |
| D. | Reflation |
| Answer» C. Stagflation | |
| 12. |
Poverty level in india is estimated on the basis of |
| A. | Household consumer expenditure |
| B. | Slum population in the country |
| C. | Per capita income in different States |
| D. | Household average income |
| Answer» B. Slum population in the country | |
| 13. |
Price elasticity of demand is generally |
| A. | tends to be smaller in the short run than in the long run. |
| B. | tends to be smaller in the long run than in the short run. |
| C. | tends to be unrelated to the length of time. |
| D. | tends to be larger in the short run than in the long run. |
| Answer» B. tends to be smaller in the long run than in the short run. | |
| 14. |
PMVVY (Pradhan Mantri Vaya Vandana Yojana) pension limit extends to which timeline? |
| A. | March, 2021 |
| B. | March, 2019 |
| C. | March, 2022 |
| D. | March, 2020 |
| Answer» E. | |
| 15. |
Per Captain Income of a country derived from |
| A. | National Income |
| B. | Population |
| C. | National Income and Population both |
| D. | none of these |
| Answer» D. none of these | |
| 16. |
Patanjali and Reliance Jio has ranked _____ respectively, in Top 10 influencial Brands of India ? |
| A. | 4 & 9 |
| B. | 3 & 10 |
| C. | 2 & 1 |
| D. | 5 & 6 |
| Answer» B. 3 & 10 | |
| 17. |
Participatory Notes (PNs) are associated with which one of the following?_x005F_x000D_ |
| A. | Consolidated Fund of India |
| B. | Foreign Institutional Investors |
| C. | United Nations Development Programme |
| D. | Unemployment Related Index |
| Answer» C. United Nations Development Programme | |
| 18. |
Open Market Operations refer to __________ |
| A. | Borrowings by Scheduled banks from RBI |
| B. | Lending by Commercial banks to industry |
| C. | Purchase and sale of Government securities by RBI |
| D. | Deposit mobilisation |
| Answer» D. Deposit mobilisation | |
| 19. |
Paper currency first started in India in _____ ? |
| A. | 1542 |
| B. | 1601 |
| C. | 1861 |
| D. | 1880 |
| Answer» D. 1880 | |
| 20. |
Open market operation is a part of |
| A. | Debit Policy |
| B. | Deposit Policy |
| C. | Credit Policy |
| D. | None of above |
| Answer» D. None of above | |
| 21. |
One of the problems in finding out National Income in India is |
| A. | Non-monetary consumption |
| B. | Tax evasion |
| C. | Inflation |
| D. | Conspicuous consumption |
| Answer» B. Tax evasion | |
| 22. |
One of the following is 'Labour' in Economics. |
| A. | A Musician performing for a benefit fund |
| B. | A Painter working for his own pleasure |
| C. | Reading a book as a hobby |
| D. | A Mother teaching her own son |
| Answer» B. A Painter working for his own pleasure | |
| 23. |
On 24 October 2017, the Government of India announced a massive of ______ package to boost economy |
| A. | Rs 7 lakh crore |
| B. | Rs 9 lakh crore |
| C. | Rs 15 lakh crore |
| D. | Rs 5 lakh crore |
| Answer» C. Rs 15 lakh crore | |
| 24. |
On January 3, 2018, RBI initiated ‘PCA’ against the Allahabad Bank. How many public sector banks have been covered under ‘PCA’?_x005F_x000D_ |
| A. | 18 |
| B. | 17 |
| C. | 11 |
| D. | 15 |
| Answer» D. 15 | |
| 25. |
On 19 September 2017, Law Ministry approved Fugitive Economic Offenders Bill, 2017. It will empower government to _______ property of economic offenders and defaulters who flee from India._x005F_x000D_ |
| A. | Consolidate |
| B. | Confiscate |
| C. | Combine |
| D. | Collect |
| Answer» C. Combine | |
| 26. |
Nuclear energy is a mineral based source, it is derived from |
| A. | Uranium |
| B. | Thorium |
| C. | Plutonium |
| D. | All of these |
| Answer» E. | |
| 27. |
Net exports are negative when |
| A. | exports are greater than imports |
| B. | imports are greater than exports |
| C. | No exports |
| D. | None of the above |
| Answer» C. No exports | |
| 28. |
NREGP is the abbreviated form of |
| A. | National Rural Employment Guarantee Programme |
| B. | National Rural Educational Guarantee Programme |
| C. | National Rapid Employment Guarantee Programme |
| D. | National Rapid Educational Guarantee Programme |
| Answer» B. National Rural Educational Guarantee Programme | |
| 29. |
Net National product of a country is |
| A. | GDP minus depreciation allowances |
| B. | GDP plus net income from abroad |
| C. | GNP minus net income from abroad |
| D. | GNP minus depreciation allowances |
| Answer» E. | |
| 30. |
National Income refers to ___________ |
| A. | money value of goods and services produced in a country during a year |
| B. | money value of stocks and shares of a country during a year |
| C. | money value of capital goods produced by a country during a year |
| D. | money value of consumer goods and services produced in a country during a year |
| Answer» B. money value of stocks and shares of a country during a year | |
| 31. |
Nature of unemployment in agriculture in India is |
| A. | Seasonal |
| B. | Disguised |
| C. | both ' a ' and ' b ' |
| D. | None of these |
| Answer» D. None of these | |
| 32. |
National Income of India is compiled by |
| A. | Finance Commission |
| B. | Indian Statistical Institute |
| C. | National Development Council |
| D. | Central Statistical Organization |
| Answer» E. | |
| 33. |
National Income based on the |
| A. | total revenue of the state |
| B. | production of goods and services |
| C. | net profit earned and expenditure made by the state |
| D. | the sum of all fractions of income |
| Answer» C. net profit earned and expenditure made by the state | |
| 34. |
National income accountants can avoid multiple counting by |
| A. | subtracting NDP from GDP |
| B. | add exports, but subtract imports |
| C. | only counting final goods |
| D. | None of the above |
| Answer» D. None of the above | |
| 35. |
Name the first Indian to get Nobel prize in economics. |
| A. | Amartya Sen |
| B. | C V Raman |
| C. | Mihir Sen |
| D. | Arun Shourie |
| Answer» B. C V Raman | |
| 36. |
Mutual Funds are regulated in India by |
| A. | SEBI |
| B. | RBI |
| C. | RBI & SEBI both |
| D. | Stock Exchanges |
| Answer» B. RBI | |
| 37. |
Mr Shah is willing to spend upto Rs 50 lakh for a German luxury car. Luckily he finds a dealer who says the price of the car is Rs 42 lakh. Mr Shah  convinces the dealer to give him 5% discount on the said price. Mr Shah's consumer surplus is_x005F_x000D_ |
| A. | Rs 8 lakh |
| B. | Rs 10.1 lakh |
| C. | Rs 2.1 lakh |
| D. | Rs 39.9 lakh |
| Answer» C. Rs 2.1 lakh | |
| 38. |
Movement along the supply curve is known as ______ |
| A. | Contraction of supply |
| B. | Expansion of supply |
| C. | Increase in supply |
| D. | Expansion and contraction of supply |
| Answer» E. | |
| 39. |
Most electric, gas, and water companies are examples of |
| A. | restricted-input monopolies |
| B. | sunk-cost monopolies |
| C. | natural monopolies |
| D. | unregulated monopolies |
| Answer» D. unregulated monopolies | |
| 40. |
Money spent on government programs is referred to as |
| A. | Revenue |
| B. | Obligation |
| C. | Expenditure |
| D. | Bonding |
| Answer» D. Bonding | |
| 41. |
Money market is a market for _______________ |
| A. | Short term fund |
| B. | Long term fund |
| C. | Negotiable instruments |
| D. | Sale of shares |
| Answer» B. Long term fund | |
| 42. |
MODVAT is related to |
| A. | Sales Tax |
| B. | Income Tax |
| C. | Wealth Tax |
| D. | Excise Tax |
| Answer» E. | |
| 43. |
Monetary policy refers to the actions the Federal Reserve takes to manage |
| A. | income tax rates and interest rates to pursue its economic objectives. |
| B. | government spending and income tax rates to pursue its economic objectives. |
| C. | the money supply and income tax rates to pursue its economic objectives. |
| D. | the money supply and interest rates to pursue its economic objectives. |
| Answer» E. | |
| 44. |
Mid - Day is a scheme to provide nutrious food to |
| A. | Those taking treatment in hospitals |
| B. | School going children |
| C. | Daily Wage Employees |
| D. | Girls who are residing in girls |
| Answer» C. Daily Wage Employees | |
| 45. |
Microeconomics is the study of |
| A. | Decisions of individual firms |
| B. | Decisions of individual households |
| C. | Decisions of individual consumers |
| D. | All of the above |
| Answer» E. | |
| 46. |
Microeconomics is concerned with |
| A. | The electronics industry |
| B. | The study of individual |
| C. | The economy as a whole |
| D. | None of the above |
| Answer» C. The economy as a whole | |
| 47. |
Microeconomics deals with the |
| A. | Behavior of industrial decision makers |
| B. | Allocation of resources of the economy as between production of different goods and services |
| C. | Determination of prices of goods and services |
| D. | All of the above |
| Answer» E. | |
| 48. |
Microeconomics is concerned with issues such as |
| A. | inflation |
| B. | interest rates |
| C. | unemployment |
| D. | which job to take |
| Answer» D. which job to take | |
| 49. |
Micro economics deals with |
| A. | the circular flow of income |
| B. | the decision making of a single economic variable like demand |
| C. | understanding unemployment |
| D. | economic growth |
| Answer» C. understanding unemployment | |
| 50. |
Micro-economics is also called __________ |
| A. | Profit theory |
| B. | Loss theory |
| C. | Price theory |
| D. | Expenditure theory |
| Answer» D. Expenditure theory | |