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. |
The planning commission is |
| A. | Ministry |
| B. | a government department |
| C. | an advisory body |
| D. | an autonomous corporation |
| Answer» D. an autonomous corporation | |
| 2. |
The Headquarter of RBI is in |
| A. | Delhi |
| B. | Mumbai |
| C. | Kanpur |
| D. | Nasik |
| Answer» C. Kanpur | |
| 3. |
As per population census 2001 in which state literacy rate is lowest ? |
| A. | Bihar |
| B. | Rajasthan |
| C. | Orissa |
| D. | Sikkim |
| Answer» B. Rajasthan | |
| 4. |
In India, income tax is levied by |
| A. | Union Government |
| B. | State Governments |
| C. | Ministry of Finance |
| D. | RBI |
| Answer» B. State Governments | |
| 5. |
When did Regional Rural Banks start functioning in India? |
| A. | 1975 |
| B. | 1947 |
| C. | 1956 |
| D. | 1960 |
| Answer» B. 1947 | |
| 6. |
When did the Foreign Exchange Regulation Act (FERA) come into being? |
| A. | 1973 |
| B. | 1975 |
| C. | 1980 |
| D. | 1981 |
| Answer» B. 1975 | |
| 7. |
Euro is the currency of European Union. When did it come into being? |
| A. | 1999 |
| B. | 1995 |
| C. | 2000 |
| D. | 2001 |
| Answer» B. 1995 | |
| 8. |
When did India become a member of the IMF? |
| A. | 1947 |
| B. | 1956 |
| C. | 1960 |
| D. | 1951 |
| Answer» B. 1956 | |
| 9. |
Who is known as the ‘Father of Economics’? |
| A. | Adam Smith |
| B. | Chanakya |
| C. | Machiavelli |
| D. | None of these |
| Answer» B. Chanakya | |
| 10. |
Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans? |
| A. | Asian Development Bank |
| B. | IMF |
| C. | International Developmental Association |
| D. | International Finance Corporation |
| Answer» E. | |
| 11. |
Where is the headquarters of Asian Development Bank (ADB) situated? |
| A. | Manila |
| B. | Delhi |
| C. | Bangkok |
| D. | Hong Kong |
| Answer» B. Delhi | |
| 12. |
The International Finance Corporation (IFC) was established in? |
| A. | 1956 |
| B. | 1972 |
| C. | 1985 |
| D. | 1960 |
| Answer» B. 1972 | |
| 13. |
Which sister organization of the World Bank provides long term loans at zero interest to the poorest developing countries? |
| A. | Asian Development Bank |
| B. | imf |
| C. | International Developmental Association |
| D. | International Finance Corporation |
| Answer» D. International Finance Corporation | |
| 14. |
The International Bank for Reconstruction and Development (IBRD) is better known as |
| A. | World Bank |
| B. | Asian Development Bank |
| C. | IMF |
| D. | It is known by its name |
| Answer» B. Asian Development Bank | |
| 15. |
Decision taken at Bretton Woods Conference led to the formation of |
| A. | IDA |
| B. | IMF |
| C. | ADB |
| D. | IFC |
| Answer» C. ADB | |
| 16. |
When was the International Monetary Fund (IMF) established? |
| A. | 1944 |
| B. | 1945 |
| C. | 1948 |
| D. | 1950 |
| Answer» B. 1945 | |
| 17. |
Which of the following is entrusted with the task of receiving all money on behalf of the Government as also with the task of making payments on their behalf? |
| A. | State Bank of India |
| B. | Reserve Bank of India |
| C. | Ministry of Finance |
| D. | Union Parliament |
| Answer» C. Ministry of Finance | |
| 18. |
In India, coins and subsidiary coins are issued by |
| A. | Union Government |
| B. | Reserve Bank of India |
| C. | Ministry of Finance |
| D. | Supreme Court |
| Answer» D. Supreme Court | |
| 19. |
Which of the following has the sole right of issuing paper notes in India? |
| A. | Union Government |
| B. | Reserve Bank of India |
| C. | Ministry of Finance |
| D. | Supreme Court |
| Answer» C. Ministry of Finance | |
| 20. |
The Export-Import (EXIM) Bank was set up in |
| A. | 1982 |
| B. | 1983 |
| C. | 1987 |
| D. | 1985 |
| Answer» B. 1983 | |
| 21. |
What is a Bank which has capital and reserves of over Rs. 5 lakhs called? |
| A. | National Bank |
| B. | Cooperative Bank |
| C. | Scheduled Bank |
| D. | Unscheduled Bank |
| Answer» D. Unscheduled Bank | |
| 22. |
The Reserve Bank of India was nationalized in? |
| A. | 1947 |
| B. | 1948 |
| C. | 1950 |
| D. | 1956 |
| Answer» C. 1950 | |
| 23. |
When was the Imperial Bank of India nationalized to form the State Bank of India? |
| A. | 1947 |
| B. | 1949 |
| C. | 1951 |
| D. | 1955 |
| Answer» E. | |
| 24. |
When was the Reserve Bank of India established? |
| A. | 1935 |
| B. | 1920 |
| C. | 1928 |
| D. | 1947 |
| Answer» B. 1920 | |
| 25. |
The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form |
| A. | Reserve Bank of India |
| B. | Imperial Bank of India |
| C. | Bank of India |
| D. | Union Bank of India |
| Answer» C. Bank of India | |
| 26. |
Bank of Hindustan is the oldest bank in India. When did it start functioning? |
| A. | 1990 |
| B. | 1770 |
| C. | 1885 |
| D. | 1892 |
| Answer» C. 1885 | |
| 27. |
Which is the largest commercial bank in India? |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | ICICI Bank |
| D. | Bank of India |
| Answer» C. ICICI Bank | |
| 28. |
Which of the following programs aims at the promotion of savings among rural women? |
| A. | Rashtriya Mahila Kosh |
| B. | Mahila Samriddhi Yojna |
| C. | Indira Mahila Yojna |
| D. | Javhar Rozgar Yojna |
| Answer» C. Indira Mahila Yojna | |
| 29. |
National income is the |
| A. | Net National Product at Market price |
| B. | Net National product at factor coast |
| C. | net domestic product at market price |
| D. | net domestic product at factor cost |
| Answer» D. net domestic product at factor cost | |
| 30. |
Which of the following programs meets the credit needs of poor women? |
| A. | Mahila Samriddhi Yojna |
| B. | Rashtriya Mahila Kosh |
| C. | Indira Mahila Yojna |
| D. | Mahila Samakhya Programme |
| Answer» C. Indira Mahila Yojna | |
| 31. |
In India, inflation is measured by |
| A. | wholesale price index number |
| B. | consumer price index for urban non-manual workers |
| C. | consumer price index for agricultural workers |
| D. | national income deflation |
| Answer» E. | |
| 32. |
Which of the following deals with economic offences? |
| A. | MISA |
| B. | NSA |
| C. | TADA |
| D. | COFEPOSA |
| Answer» E. | |
| 33. |
What is the value of goods and services produced in a country within a year called? |
| A. | National income at factor cost |
| B. | net national output |
| C. | net national product at market prices |
| D. | gross national product at market prices |
| Answer» E. | |
| 34. |
Which among the following is an essential characteristic of mixed economy? |
| A. | co-existence of small scale and large scale industries |
| B. | co-existence of private and public sectors |
| C. | assigning equal importance to both agriculture and heavy industries |
| D. | co-existence of the rich and the poor |
| Answer» C. assigning equal importance to both agriculture and heavy industries | |
| 35. |
Economic planning is an essential feature of |
| A. | capitalist economy |
| B. | socialist economy |
| C. | mixed economy |
| D. | dual economy |
| Answer» C. mixed economy | |
| 36. |
Chelliah Committee of 1992 deals with the overhauling of our |
| A. | public sector undertakings |
| B. | financial system |
| C. | tax system |
| D. | patents and copyrights |
| Answer» D. patents and copyrights | |
| 37. |
During which Five Year Plan was the annual growth rate of National Income the lowest? |
| A. | second plan |
| B. | third plan |
| C. | fifth plan |
| D. | sixth plan |
| Answer» C. fifth plan | |
| 38. |
In which year was the new liberalized industrial policy announced in India? |
| A. | 1989 |
| B. | 1990 |
| C. | 1991 |
| D. | 1992 |
| Answer» D. 1992 | |
| 39. |
The terms TRIPS and TRIMS are related to |
| A. | NAFTA |
| B. | SAPTA |
| C. | EFTA |
| D. | GATT |
| Answer» E. | |
| 40. |
Which of the following taxes is/are levied by the Union and collected and appropriated by the states? |
| A. | stamp duties |
| B. | passenger and good tax |
| C. | estate duty |
| D. | taxes on newspapers |
| Answer» B. passenger and good tax | |
| 41. |
In which year was the policy of population planning adopted by the government of India? |
| A. | 1947 |
| B. | 1956 |
| C. | 1962 |
| D. | 1952 |
| Answer» E. | |
| 42. |
Which of the following taxes is a progressive tax? |
| A. | income tax |
| B. | custom tax |
| C. | sales tax |
| D. | excise duty |
| Answer» B. custom tax | |
| 43. |
In which of the following fields was the first co-operative movement in India initiated? |
| A. | agricultural credit |
| B. | farming activities |
| C. | consumer co-operation |
| D. | agricultural marketing |
| Answer» B. farming activities | |
| 44. |
State Financial Corporations give assistance mainly to develop |
| A. | small and medium scale industries |
| B. | agricultural farms |
| C. | cotton industry |
| D. | large scale industries |
| Answer» B. agricultural farms | |
| 45. |
With which aspect of commerce are ‘Bulls and Bears’ associated? |
| A. | Foreign Trade |
| B. | Stock Exchange market |
| C. | banking |
| D. | international finance |
| Answer» C. banking | |
| 46. |
With which of the following lies the basic regulatory authority for mutual funds and stock markets? |
| A. | Reserve bank of India |
| B. | Government of India |
| C. | SEBI |
| D. | Stock Exchanges |
| Answer» D. Stock Exchanges | |
| 47. |
SEBI stands for |
| A. | Science and Engineering Board of India |
| B. | AmuseSecurities and Exchange Board of India |
| C. | Social Equity Bureau of India |
| D. | Science and Educational Board of India |
| Answer» C. Social Equity Bureau of India | |
| 48. |
Which among the following treaties provided for a common currency for the member countries of European Community? |
| A. | Brussels Treaty |
| B. | Geneva Convention |
| C. | Maastricht Treaty |
| D. | Treaty of Versailles |
| Answer» D. Treaty of Versailles | |
| 49. |
An economy is at the ‘take off’ stage on its path to development when it |
| A. | becomes stagnant |
| B. | begins steady growth |
| C. | is liberalized |
| D. | gets maximum foreign aid |
| Answer» C. is liberalized | |
| 50. |
Which of the following is not a cash crop? |
| A. | Jute |
| B. | groundnut |
| C. | jowar |
| D. | sugarcane |
| Answer» D. sugarcane | |