MCQOPTIONS
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MCQOPTIONS
This section includes 1254 Mcqs, each offering curated multiple-choice questions to sharpen your General Knowledge knowledge and support exam preparation. Choose a topic below to get started.
| 501. |
Micro Credit or Micro Finance is a novel approch to banking with the poor. In this approach bank credit is extended to the poor through: |
| A. | Self Help Groups |
| B. | Anganwadi |
| C. | Co- operative Credit Societies |
| D. | Reserve Bank of India |
| Answer» B. Anganwadi | |
| 502. |
Match the characteristics with their market structure:(a) Firm has control over quantity of output but it must take into account reactions of competitors.b) Firm will tend to set output so that it earns maximum profits. |
| A. | ('Oligopoly, (b) Pure competition |
| B. | (a) Monopolistic competition, ('Oligopoly |
| C. | (a) Pure Monopoly, (b) Pure competition |
| D. | (a) Oligopoly, (b) Pure Monopoly |
| Answer» E. | |
| 503. |
Medium term loans are provided for a period of _____. |
| A. | 1 year to 2 years |
| B. | 15 months to 3 years |
| C. | 15 months to 4 years |
| D. | 1 year to 3 years |
| Answer» E. | |
| 504. |
Match the characteristics with their market structure:_x005F_x000D_ (a) MR = MP(b) Elasticity of demand depends on pricing policies of rivals_x005F_x000D_ |
| A. | ('Pure Monopoly, (b) Monopolistic competition |
| B. | (a) Pure competition, ('Oligopoly |
| C. | (a) Pure competition, (b) Pure Monopoly |
| D. | (a) Pure Monopoly, (b) Oligopoly |
| Answer» C. (a) Pure competition, (b) Pure Monopoly | |
| 505. |
Match the characteristics with their market structure:_x005F_x000D_ (a) Differentiated products, but close substitutes for consumers so their demand curves are elastic(b) Homogeneous product, all goods are perfect substitutes for consumers |
| A. | ('Monopolistic Competition, (b) Pure Competition |
| B. | (a) Monopolistic Competition, ('Pure Monopoly |
| C. | (a) Pure Monopoly, (b) Pure Competition |
| D. | (a) Pure Monopoly, (b) Pure Competition |
| Answer» B. (a) Monopolistic Competition, ('Pure Monopoly | |
| 506. |
Match the characteristics with their market structure:_x005F_x000D_ (a) Differentiated products, but close substitutes for consumers so their demand curves are elastic.(b) Firm will tend to set output so that it earns maximum profits. |
| A. | ('Pure competition, (b) Pure Monopoly |
| B. | (a) Monopolistic competition, ('Oligopoly |
| C. | (a) Oligopoly, (b) Pure Monopoly |
| D. | (a) Monopolistic competition, (b) Pure Monopoly |
| Answer» E. | |
| 507. |
Match the characteristics with their market structure:_x005F_x000D_ (a) Difficult entry (often due to economies of scale)(b) Can sell as much as it can at market price |
| A. | ('Monopolistic Competition, (b) Pure Monopoly |
| B. | (a) Pure Monopoly, ('Oligopoly |
| C. | (a) Oligopoly, (b) Pure Competition |
| D. | (a) Pure Competition, (b) Oligopoly |
| Answer» D. (a) Pure Competition, (b) Oligopoly | |
| 508. |
Match the characteristics with their market structure:_x005F_x000D_ (a) MC = Price(b) Firm will tend to set output so that it earns maximum profits. |
| A. | ('Pure Competition, (b) Pure Monopoly |
| B. | (a) Pure Monopoly, ('Monopolistic Competition |
| C. | (a) Oligopoly, (b) Monopolistic Competition |
| D. | (a) Pure Competition, (b) Oligopoly |
| Answer» B. (a) Pure Monopoly, ('Monopolistic Competition | |
| 509. |
Major coalfields of India are located in the river valley of |
| A. | Damodar |
| B. | Godavari |
| C. | Mahanadi |
| D. | Wardha |
| Answer» B. Godavari | |
| 510. |
Management accountants would not |
| A. | prepare reports primarily for external users. |
| B. | be concerned with the impact of cost and volume on profits |
| C. | assist in budget planning. |
| D. | determine cost behavior. |
| Answer» B. be concerned with the impact of cost and volume on profits | |
| 511. |
Market imperfections of a country are reflected in___________. |
| A. | price rigidity |
| B. | factor immobility |
| C. | lack of specialization |
| D. | All options are correct |
| Answer» E. | |
| 512. |
Many time we read in financial newspaper about the performance of the Core Sector in Economy. Which of the following is NOT included in the core sector of the same |
| A. | Coal |
| B. | Cement |
| C. | Steel |
| D. | Auto Sector |
| Answer» E. | |
| 513. |
Match the characteristics with their market structure:_x005F_x000D_ (a) demand will tend to be inelastic(b) Firm has control over quantity of output but it must take into account reactions of competitors_x005F_x000D_ |
| A. | ('Pure Monopoly, (b) Oligopoly |
| B. | (a) Pure Monopoly, ('Monopolistic Competition |
| C. | (a) Pure Competition, (b) Oligopoly |
| D. | (a) Monopolistic Competition, (b) Pure Competition |
| Answer» B. (a) Pure Monopoly, ('Monopolistic Competition | |
| 514. |
Macroeconomics can best be described as the |
| A. | analysis of how a consumer tries to spend income. |
| B. | analysis of how firms attempt to maximize their profits. |
| C. | study of how supply and demand determine prices in individual markets. |
| D. | study of the large aggregates of the economy or the economy as a whole. |
| Answer» E. | |
| 515. |
Macroeconomics is the study of |
| A. | behavior of economy |
| B. | performance of economy |
| C. | changes in economy |
| D. | All of the above |
| Answer» E. | |
| 516. |
Macro economics deals with |
| A. | the circular flow of income |
| B. | the decision making of a single economic variable like demand |
| C. | resource allocation at firm level |
| D. | equilibrium prices and quantities |
| Answer» B. the decision making of a single economic variable like demand | |
| 517. |
Mahalanobis Model has been associated with which Five Year Plan |
| A. | First Five Year Plan |
| B. | Second Five Year Plan |
| C. | Third Five Year Plan |
| D. | Fourth Five Year Plan |
| Answer» C. Third Five Year Plan | |
| 518. |
Lowering of value of currency relative to a foreign reference currency is called _________. |
| A. | Devaluation |
| B. | Revaluation |
| C. | Down valuation |
| D. | Negative valuation |
| Answer» B. Revaluation | |
| 519. |
Lorenz curve shows |
| A. | Inflation |
| B. | Unemployment |
| C. | Income distribution |
| D. | Poverty |
| Answer» D. Poverty | |
| 520. |
Long run growth in GDP is determined by |
| A. | Capital stocks |
| B. | Labour force |
| C. | Both 1 & 2 |
| D. | None |
| Answer» D. None | |
| 521. |
Liabilities are generally classified on a balance sheet as |
| A. | small liabilities and large liabilities |
| B. | present liabilities and future liabilities |
| C. | tangible liabilities and intagible liabilities |
| D. | current liabilities and long-term liabilities |
| Answer» E. | |
| 522. |
Leverage enables currency traders to do which of the following?_x005F_x000D_ |
| A. | Reduce the risk of losing money_x005F_x000D_ |
| B. | Force foreign governments to print more money |
| C. | Make large currency trades using small amounts of money |
| D. | Buy currencies before they are available to the public |
| Answer» D. Buy currencies before they are available to the public | |
| 523. |
Irfaan loves black coffee. A roadside stall selling a cup of black coffee at Rs. 120, offered 25% discount to Irfaan. If Irfaan was willing to pay even Rs. 200 for this cup of black coffee, Irfaan's consumer surplus is |
| A. | 90 |
| B. | 80 |
| C. | 30 |
| D. | 110 |
| Answer» E. | |
| 524. |
Insure payment of minimum wages for tea leave pickers |
| A. | will improve quality of tea. |
| B. | will reduce unemployment of tea leave pickers. |
| C. | decreases unemployment. |
| D. | will increase picking cost for all tea companies. |
| Answer» E. | |
| 525. |
IPR stands for |
| A. | Intellectual Property Rights |
| B. | International Property Rights |
| C. | International Postgraduate Research |
| D. | Indian Property Rights |
| Answer» B. International Property Rights | |
| 526. |
Inflation is a situation characterised by |
| A. | Too much money chasing too few goods |
| B. | Too few money chasing too much goods |
| C. | Too many people chasing too few goods |
| D. | Too many people chasing too little money |
| Answer» B. Too few money chasing too much goods | |
| 527. |
India's first amphibious bus project has been launched by which state government ? |
| A. | Telangana |
| B. | Assam |
| C. | Punjab |
| D. | Gujarat |
| Answer» D. Gujarat | |
| 528. |
India was ranked at which place among emerging economies on Inclusive Development Index (IDI-2018) released by World Economic Forum (WEF)?_x005F_x000D_ |
| A. | 26th |
| B. | 47th |
| C. | 62nd |
| D. | 81st |
| Answer» D. 81st | |
| 529. |
India Ratings has lowered India's growth forecast for the current fiscal to ________ from 7.4 per cent. |
| A. | 6.3 per cent |
| B. | 6.6 per cent |
| C. | 6.7 per cent |
| D. | 6.4 per cent |
| Answer» D. 6.4 per cent | |
| 530. |
India was able to achieve the fiscal deficit target for the Financial Year 2016-17. It was how much percent of GDP? |
| A. | 0.035 |
| B. | 0.042 |
| C. | 0.03 |
| D. | 0.025 |
| Answer» B. 0.042 | |
| 531. |
India implemented the GST (Goods and Service Tax) from which month of 2017? |
| A. | January |
| B. | March |
| C. | July |
| D. | September |
| Answer» D. September | |
| 532. |
India has stated it aims to reduce the emissions intensity of its GDP by 33-35% by 2030 from 2005 levels and achieve _______________ of its cumulative electric power of around 350GW installed capacity from non-fossil fuel-based energy resources, mainly renewable power. |
| A. | 0.2 |
| B. | 0.4 |
| C. | 0.5 |
| D. | 0.3 |
| Answer» C. 0.5 | |
| 533. |
India nationalised 14 major commercial banks in 1969 with deposits not less than |
| A. | Rs. 10 crore each |
| B. | Rs. 25 crore each |
| C. | Rs. 50 crore each |
| D. | Rs. 100 crore each |
| Answer» D. Rs. 100 crore each | |
| 534. |
India has ranked _____ rank in World Bank's 'Ease of doing business' index. |
| A. | 100 |
| B. | 101 |
| C. | 99 |
| D. | 102 |
| Answer» B. 101 | |
| 535. |
India has emerged as the _______largest aviation market in the world with a passenger traffic of over 10 crore reported for 2016-17. |
| A. | 1st |
| B. | 2nd |
| C. | 3rd |
| D. | 4th |
| Answer» D. 4th | |
| 536. |
India has changed over to the decimal system of coinage in___________. |
| A. | April, 1958 |
| B. | April, 1959 |
| C. | April, 1995 |
| D. | April, 1957 |
| Answer» E. | |
| 537. |
India has been ranked ___ in terms of competitiveness in the annual rankings compiled by Institute for Management Development. |
| A. | 45th |
| B. | 145th |
| C. | 107th |
| D. | 56th |
| Answer» B. 145th | |
| 538. |
India has been placed in the _______ spot in the renewable energy country attractiveness index by EY. |
| A. | 1st |
| B. | 2nd |
| C. | 3rd |
| D. | 4th |
| Answer» C. 3rd | |
| 539. |
Increase in the demand for a good will cause the equilibrium price of the good to ________ and the equilibrium quantity to _________. |
| A. | increase; increase |
| B. | decrease; decrease |
| C. | increase; decrease |
| D. | decrease; increase |
| Answer» B. decrease; decrease | |
| 540. |
Increasing marginal cost of production explains |
| A. | the income effect. |
| B. | why the supply curve is upsloping. |
| C. | why the demand curve is downsloping |
| D. | the law of demand. |
| Answer» C. why the demand curve is downsloping | |
| 541. |
Income taxes are allocated to |
| A. | discontinued operations |
| B. | prior period adjustments |
| C. | extraordinary items |
| D. | All the above |
| Answer» E. | |
| 542. |
Income and consumption are ___________. |
| A. | directly related |
| B. | partially related |
| C. | inversely related |
| D. | unrelated |
| Answer» B. partially related | |
| 543. |
In which State of India,the sex ration is more than 1000 |
| A. | Andhra Pradesh |
| B. | Karnataka |
| C. | Kerala |
| D. | Tamil Nadu |
| Answer» D. Tamil Nadu | |
| 544. |
In which of the following types of economy are the factors of production owned individually? |
| A. | Capitalist |
| B. | Socialist |
| C. | Mixed |
| D. | Both Capitalist and Socialist |
| Answer» B. Socialist | |
| 545. |
In which of the following market forms a firm does not exercise control over price? |
| A. | Mixed Competition |
| B. | Monopoly |
| C. | Oligopoly |
| D. | Perfect Competition |
| Answer» E. | |
| 546. |
In which of the following market forms, a firm does not exercise control over price? |
| A. | Monopoly |
| B. | Perfect competition |
| C. | Oligopoly |
| D. | Monopolistic competition |
| Answer» C. Oligopoly | |
| 547. |
In which of the following is true for instruments of Monetary Policy? |
| A. | Open market operations |
| B. | Bank rate policy |
| C. | Selective credit controls |
| D. | All options are correct |
| Answer» E. | |
| 548. |
In which of the following fields was Prof. Richard H. Thaler awarded the Nobel Prize 2017?_x005F_x000D_ |
| A. | Physics |
| B. | Chemistry |
| C. | Literature |
| D. | Economics |
| Answer» E. | |
| 549. |
In which of the following case, law of demand fails? |
| A. | Giffen goods |
| B. | Normal goods |
| C. | Inferior goods |
| D. | Both Giffen and Inferior goods |
| Answer» B. Normal goods | |
| 550. |
In which area is the public sector most dominant in India?_x005F_x000D_ |
| A. | Organised term lending financial instistutions |
| B. | Transport |
| C. | Commerical banking |
| D. | Steel production |
| Answer» D. Steel production | |