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. |
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. | |
| 2. |
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 | |
| 3. |
Which of the following items would not appear in a company's balance sheet? |
| A. | Value of stocks of raw materials held |
| B. | Total issued capital |
| C. | Revenue from sales of the companys products |
| D. | Cash held at the bank |
| Answer» D. Cash held at the bank | |
| 4. |
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 | |
| 5. |
Which of the following is the most appropriate cause of exports surplus? |
| A. | Countrys exports promotion value |
| B. | Countrys stringent import policy |
| C. | Developments in national and international markets |
| D. | None of the above |
| Answer» D. None of the above | |
| 6. |
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 | |
| 7. |
Gross domestic capital formation is defined as |
| A. | flow of expenditure devoted to increased or maintaining of the capital stock |
| B. | expenditure incurred on physical assets only |
| C. | production exceeding demand |
| D. | net addition to stock after depreciation |
| Answer» E. | |
| 8. |
One of the reasons for India's occupational structure remaining more or less the same over the years has been that |
| A. | investment pattern has been directed towards capital intensive industries |
| B. | productivity in agriculture has been high enough to induce people to stay with agriculture |
| C. | ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture |
| D. | people are largely unaware of the significance of transition from agriculture to industry for economic development |
| Answer» B. productivity in agriculture has been high enough to induce people to stay with agriculture | |
| 9. |
On which one of the followings is the benefits received principle of taxation to achieve optimality bases? |
| A. | Marginal benefit received |
| B. | Total benefit received |
| C. | Average benefit received |
| D. | Ability to pay for the benefit |
| Answer» E. | |
| 10. |
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 | |
| 11. |
India changed over to the decimal system of coinage in |
| A. | April 1995 |
| B. | April 1957 |
| C. | April 1958 |
| D. | April 1959 |
| Answer» C. April 1958 | |
| 12. |
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 | |
| 13. |
Deficit financing leads to inflation in general, but it can be checked if |
| A. | government expenditure leads to increase in the aggregate supply in ratio of aggregate demand |
| B. | only aggregate demand is increased |
| C. | all the expenditure is denoted national debt payment only |
| D. | All of the above |
| Answer» E. | |
| 14. |
Depreciation means |
| A. | closure of a plant due to lock out |
| B. | closure of a plant due to labour trouble |
| C. | loss of equipment over time due to wear and tear |
| D. | destruction of a plant in a fire accident |
| Answer» D. destruction of a plant in a fire accident | |
| 15. |
Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves interest payments subsidies defence irrigation |
| A. | I, II |
| B. | I |
| C. | I, II, III |
| D. | II, III, IV |
| Answer» D. II, III, IV | |
| 16. |
In the second nationalization of commercial banks, ___ banks were nationalized. |
| A. | 4 |
| B. | 5 |
| C. | 6 |
| D. | 8 |
| Answer» D. 8 | |
| 17. |
Devaluation of a currency means |
| A. | reduction in the value of a currency vis-a-vis major internationally traded currencies |
| B. | permitting the currency to seek its worth in the international market |
| C. | fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies |
| D. | fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners |
| Answer» B. permitting the currency to seek its worth in the international market | |
| 18. |
In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India? |
| A. | Chemicals other than fertilizers |
| B. | Services sector |
| C. | Food processing |
| D. | Telecommunication |
| Answer» E. | |
| 19. |
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 | |
| 20. |
CICI is the name of a |
| A. | chemical industry |
| B. | bureau |
| C. | corporation |
| D. | financial institution |
| Answer» E. | |
| 21. |
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 | |
| 22. |
The central banking functions in India are performed by the Central Bank of India Reserve Bank of India State Bank of India Punjab National Bank |
| A. | I, II |
| B. | II |
| C. | I |
| D. | II, III |
| Answer» C. I | |
| 23. |
Which is the most important source of income for Government of India? |
| A. | Interest |
| B. | Licence fee |
| C. | Income tax |
| D. | Excise duty |
| Answer» E. | |
| 24. |
The Aid India Club has been formed under the |
| A. | ILO |
| B. | IBRD |
| C. | IMF |
| D. | UNESCO |
| Answer» C. IMF | |
| 25. |
India’s foreign trade policy could be best described as |
| A. | Free trade |
| B. | Laizzez faire |
| C. | Controlled free trade |
| D. | None of these |
| Answer» D. None of these | |
| 26. |
India earns maximum foreign exchange by the export of |
| A. | iron |
| B. | Tea |
| C. | Textile |
| D. | Rubber |
| Answer» C. Textile | |
| 27. |
Finance Commission is constituted every |
| A. | two years |
| B. | three years |
| C. | five years |
| D. | six years |
| Answer» D. six years | |
| 28. |
The state which has the largest number of sugar mills in India is |
| A. | Bihar |
| B. | Haryana |
| C. | Punjab |
| D. | Uttar Pradesh |
| Answer» E. | |
| 29. |
The state which has the highest sugarcane production in India is |
| A. | Bihar |
| B. | Uttar Pradesh |
| C. | Maharashtra |
| D. | Madhya Pradesh |
| Answer» C. Maharashtra | |
| 30. |
The planning Commission was reconstituted in |
| A. | Octomber 1951 |
| B. | January 1948 |
| C. | March 1950 |
| D. | August 1949 |
| Answer» D. August 1949 | |
| 31. |
In India, barter exchange is still in practice in |
| A. | Calcutta |
| B. | Lucknow |
| C. | Ahmedbad |
| D. | Jabalpur |
| Answer» B. Lucknow | |
| 32. |
The mineral in which India depends largely on imports is |
| A. | Iron Ore |
| B. | Bauxite |
| C. | Mica |
| D. | Mercury |
| Answer» E. | |
| 33. |
The currency notes are printed in |
| A. | Bombay |
| B. | Nasik |
| C. | New Delhi |
| D. | Nagpur |
| Answer» C. New Delhi | |
| 34. |
Diamond cutting is undertaken as a cottage industry in |
| A. | Rajasthan |
| B. | Gujarat |
| C. | Andhra |
| D. | Maharashtra |
| Answer» C. Andhra | |
| 35. |
Which of the following cash crops is not grown in Kerala? |
| A. | Rubber |
| B. | Spices |
| C. | Tobacco |
| D. | Coffee |
| Answer» D. Coffee | |
| 36. |
The value of Gold is determined in |
| A. | London |
| B. | Rome |
| C. | Washington |
| D. | Teheran |
| Answer» B. Rome | |
| 37. |
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 | |
| 38. |
Dalal street is situated at |
| A. | Paris |
| B. | Mumbai |
| C. | London |
| D. | New Delhi |
| Answer» C. London | |
| 39. |
Which crop is sown on the largest area in India? |
| A. | Maize |
| B. | Wheat |
| C. | Sugarcane |
| D. | Rice |
| Answer» E. | |
| 40. |
National Income estimates in India is prepared by |
| A. | RBI |
| B. | C.S.O. |
| C. | Finance Ministry |
| D. | Planning Commission |
| Answer» C. Finance Ministry | |
| 41. |
Which Indian got Nobel Prize for Economics? |
| A. | Khorana |
| B. | C.V.Raman |
| C. | Teressa |
| D. | Amarthiya Sen |
| Answer» E. | |
| 42. |
Regional Rural Banks were established in |
| A. | 1897 |
| B. | 1975 |
| C. | 1965 |
| D. | 1975 |
| Answer» E. | |
| 43. |
The area under forest in India is |
| A. | 0% |
| B. | 15% |
| C. | 20% |
| D. | 23% |
| Answer» E. | |
| 44. |
Which state has the highest Per Capita Income? |
| A. | Maharashtra |
| B. | Delhi |
| C. | Punjab |
| D. | Haryana |
| Answer» D. Haryana | |
| 45. |
Corporate Tax is imposed by |
| A. | State Government |
| B. | Central Government |
| C. | Local Government |
| D. | Both A and B |
| Answer» C. Local Government | |
| 46. |
MRTP Act was implemented in |
| A. | 1967 |
| B. | 1968 |
| C. | 1969 |
| D. | 1970 |
| Answer» E. | |
| 47. |
The currency Deutsche Mark belongs to |
| A. | Italy |
| B. | Russia |
| C. | Germany |
| D. | Polland |
| Answer» D. Polland | |
| 48. |
The former name of Reserve Bank of India was |
| A. | National Bank of India |
| B. | State Bank of India |
| C. | Imperial Bank of India |
| D. | Central Bank of India |
| Answer» E. | |
| 49. |
In India which source of irrigation is widely used |
| A. | Wells |
| B. | Canals |
| C. | Rivers |
| D. | Tanks |
| Answer» C. Rivers | |
| 50. |
India is the leading exporter of |
| A. | Tea |
| B. | Mica |
| C. | Manganese |
| D. | Jute |
| Answer» B. Mica | |