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.
| 551. |
In which market form, a market or an industry is dominated by a single seller? |
| A. | Oligopoly |
| B. | Monopoly |
| C. | Duopoly |
| D. | Monopolistic Competition |
| Answer» C. Duopoly | |
| 552. |
In the 'Index of Eight core Industries'_x005F_x000D_ which one of the following is given the highest weight? |
| A. | Coal Produciton |
| B. | Electricity Generation |
| C. | Fertilizer Production |
| D. | Steel Production |
| Answer» C. Fertilizer Production | |
| 553. |
In the history of Indian population, Which duration period is referred to as ' a great leap forward ' |
| A. | 1921 - 1931 |
| B. | 1941 - 1951 |
| C. | 1951 - 1961 |
| D. | 1971 - 1981 |
| Answer» D. 1971 - 1981 | |
| 554. |
In the aggregate expenditures model, it is assumed that investment_x005F_x000D_ |
| A. | does not change when real GDP changes |
| B. | does not respond to changes in interest rates |
| C. | changes by less in percentage terms than changes in real GDP |
| D. | automatically changes in response to changes in real GDP |
| Answer» B. does not respond to changes in interest rates | |
| 555. |
In September 2017, India’s foreign exchange reserves touched how much amount for the first time?_x005F_x000D_ |
| A. | $ 500 billion |
| B. | $ 400 billion |
| C. | $ 600 billion |
| D. | $ 700 billion |
| Answer» C. $ 600 billion | |
| 556. |
In terms of economics, if it is possible to make someone betterÂoff without making someone worseÂoff, then the situation is |
| A. | Inefficient |
| B. | Efficient |
| C. | Optimal |
| D. | ParetoÂsuperior |
| Answer» E. | |
| 557. |
In perfect competition a firm maximizes profit by _____. |
| A. | setting price such that price is equal to or greater than its marginal costs |
| B. | setting output such that price equals average total costs |
| C. | setting output such that price equals marginal costs |
| D. | setting price so that it is greater than marginal cost |
| Answer» D. setting price so that it is greater than marginal cost | |
| 558. |
In October 2017, RBI planned to make ______ compulsory for companies having aggregate exposure over Rs 5 crore. |
| A. | Index Identifier |
| B. | Economic Fund Identifier |
| C. | Legal Entity Identifier |
| D. | No option is correct |
| Answer» D. No option is correct | |
| 559. |
In October 2017, Insolvency and Bankruptcy Board of India (IBBI) relaxed norms for information utilities. Listed Indian companies can now hold ______ of the paid-up equity share capital or total voting power rights in such firms._x005F_x000D_ |
| A. | 0.8 |
| B. | 0.9 |
| C. | 1 |
| D. | 0.5 |
| Answer» D. 0.5 | |
| 560. |
In perfect competition _____. |
| A. | Products can be similar or different |
| B. | Producer can control price by controlling production |
| C. | Demand curve is perfectly elastic |
| D. | All firms make economic profit in the long run |
| Answer» D. All firms make economic profit in the long run | |
| 561. |
In October 2017, SEBI directed the stock exchanges to impose how much fine/penalty on those companies which do not comply with the minimum public shareholding norms? |
| A. | Rs 5000 per day |
| B. | Rs 12,000 per day |
| C. | Rs 15,000 per day |
| D. | Rs 20,000 per day |
| Answer» B. Rs 12,000 per day | |
| 562. |
In October 2017, RBI fixed the cash loading limit per month to ______ for Prepaid Payment Instruments._x005F_x000D_ |
| A. | Rs 10,000 |
| B. | Rs 50,000 |
| C. | Rs 75,000 |
| D. | Rs 1,00,000 |
| Answer» C. Rs 75,000 | |
| 563. |
In India, which of the following is regulated by the Forward Markets Commission? |
| A. | Currency Futures Trading |
| B. | Commodities Futures Trading |
| C. | Equity Futures Trading |
| D. | Both Commodities Futures and Financial Futures Trading |
| Answer» C. Equity Futures Trading | |
| 564. |
In January 2018, ‘Electoral Bonds’ Scheme was launched. Under this scheme, the electoral bonds will be available at specified branches of _____._x005F_x000D_  _x005F_x000D_ |
| A. | Bank of Baroda |
| B. | State Bank of India |
| C. | Punjab National Bank |
| D. | Bank of India |
| Answer» C. Punjab National Bank | |
| 565. |
In national income accounting, government purchases include |
| A. | Federal |
| B. | Local |
| C. | State |
| D. | All of the above |
| Answer» E. | |
| 566. |
In January 2018, Indian Renewable Energy Development Agency (IREDA) raised $ 300 million via ______ at London Stock Exchange._x005F_x000D_ |
| A. | Yellow Masala Bonds |
| B. | Green Masala Bonds |
| C. | Red Masala Bonds |
| D. | White Masala Bonds |
| Answer» C. Red Masala Bonds | |
| 567. |
In May 2017, the Base year of All-Indian WPI (Wholesale Price Index) has been revised from 2004-05 to ______. |
| A. | 2010-11 |
| B. | 2015-16 |
| C. | 2011-12 |
| D. | 2016-17 |
| Answer» D. 2016-17 | |
| 568. |
In India, population density is defined as the number of persons |
| A. | Per square mile |
| B. | Per square kilometre |
| C. | Per lakh square mile |
| D. | Per lakh square kilometre |
| Answer» C. Per lakh square mile | |
| 569. |
In India, the Community Development Programme was started on |
| A. | 19269 |
| B. | 21095 |
| C. | 21825 |
| D. | 22556 |
| Answer» B. 21095 | |
| 570. |
In India ,Hindu Rate of growth is associated with which of the following |
| A. | Birth Rate |
| B. | Population |
| C. | Per Capita Income |
| D. | National Income |
| Answer» E. | |
| 571. |
In India all of the following are sources for government revenue, except? |
| A. | Agricultural income tax |
| B. | Anti dumping duty |
| C. | Perquisite tax |
| D. | Toll tax |
| Answer» B. Anti dumping duty | |
| 572. |
In India, in the overall indexe of Industrial Production , the Indices of Eight Core Industries have a combined weight of 37.90%. Which of the following are among those Eight Core Industries?_x005F_x000D_ 1.Cement   2. Fertilizers    3.Natural gas   4. Refinery products   5. Textiles |
| A. | 1 and 5 only |
| B. | 2, 3 and 4 only |
| C. | 1, 2, 3 and 4 only |
| D. | 1, 2, 3, 4 and 5 |
| Answer» D. 1, 2, 3, 4 and 5 | |
| 573. |
In India, how much percent of GDP is the fiscal deficit target for the Financial Year 2017-18? |
| A. | 0.042 |
| B. | 0.032 |
| C. | 0.022 |
| D. | 0.04 |
| Answer» C. 0.022 | |
| 574. |
In economics, the cost of something is |
| A. | the dollar amount of obtaining it |
| B. | what you give up to get it |
| C. | often impossible to quantify, even in principle |
| D. | always measured in units of time given up to get it |
| Answer» C. often impossible to quantify, even in principle | |
| 575. |
In general, elasticity is a measure of |
| A. | how firms' profits respond to changes in market prices. |
| B. | the extent to which advances in technology are adopted by producers. |
| C. | how much buyers and sellers respond to changes in market conditions. |
| D. | the extent to which a market is competitive. |
| Answer» D. the extent to which a market is competitive. | |
| 576. |
In economics,"capital" refers to |
| A. | mineral resources |
| B. | the money in one's pocket |
| C. | consumer goods |
| D. | buildings and equipment |
| Answer» E. | |
| 577. |
In economics, if a good is inelastic, |
| A. | its supply or demand is not sensitive to price changes. |
| B. | consumers have lost an interest in purchasing it. |
| C. | producers have lost an interest in manufacturing it. |
| D. | its supply or demand is too sensitive to price changes. |
| Answer» B. consumers have lost an interest in purchasing it. | |
| 578. |
In economics secondary effects refer to the |
| A. | best alternative that must be forgone as the result of a choice. |
| B. | immediate and visible intended consequences of a change. |
| C. | impact of the scarcity of resources on the scarcity of the goods that are produced with those resources. |
| D. | unintended consequences of a change that are not immediately identifiable but are felt only with time. |
| Answer» C. impact of the scarcity of resources on the scarcity of the goods that are produced with those resources. | |
| 579. |
In economic equilibrium _____ |
| A. | supply is equal to the demand. |
| B. | the surplus is larger than the shortage. |
| C. | elasticity of demand equals elasticity of supply |
| D. | price elasticity of demand is unity |
| Answer» B. the surplus is larger than the shortage. | |
| 580. |
In budget 2017-18, the fund allocation for Deen Dayal Upadhyay Gram Jyoti Yojana Scheme ? |
| A. | Rs. 6815 Crores |
| B. | Rs. 5550 Crores |
| C. | Rs. 4814 Crores |
| D. | Rs. 2115 Crores |
| Answer» D. Rs. 2115 Crores | |
| 581. |
In December 2017, Mid-Term Review of the Foreign Trade Policy (FTP) was released. The review announced how much percent increase each in incentive rates ofMerchandise Exports from India Scheme and Services Export from India Scheme? |
| A. | 0.05 |
| B. | 0.1 |
| C. | 0.02 |
| D. | 0.15 |
| Answer» D. 0.15 | |
| 582. |
In calculating the GDP national income accountants |
| A. | add increases in inventories or subtract decreases in inventories |
| B. | add exports, but subtract imports |
| C. | Both A & B |
| D. | None of the above |
| Answer» B. add exports, but subtract imports | |
| 583. |
In December 2017, MSME Ministry launched a public procurement portal. What is the name of that portal?_x005F_x000D_ |
| A. | MSME Procure |
| B. | MSME Acquire |
| C. | MSME Sambandh |
| D. | MSME Saathi |
| Answer» D. MSME Saathi | |
| 584. |
In April 2017, the announcement was made to change the Base year for GDP Calculation. The new Base year will be ______._x005F_x000D_ |
| A. | 2011-12_x005F_x000D_ |
| B. | 2015-16 |
| C. | 2017-18 |
| D. | 2016-17 |
| Answer» D. 2016-17 | |
| 585. |
In April 2017, N. K. Singh Committee recommended a fiscal deficit of how much percent of GDP by Financial Year 2022-23? |
| A. | 0.025 |
| B. | 0.03 |
| C. | 0.035 |
| D. | 0.04 |
| Answer» B. 0.03 | |
| 586. |
In April 2017, Agriculture Ministry Unveiled Model APMC Act. The new Act proposes to put a Cap on Mandi taxes at what rate (in percent) for food grain? |
| A. | 5 |
| B. | 1 |
| C. | 2.5 |
| D. | 8 |
| Answer» C. 2.5 | |
| 587. |
In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________. |
| A. | Deflation |
| B. | Stagflation |
| C. | Recession |
| D. | Depression |
| Answer» C. Recession | |
| 588. |
In a cut motion, when the amount of demand is reduced by Rs 100/Â , it is known as |
| A. | Disapproval of policy cut |
| B. | Economy cut |
| C. | Vote on Account |
| D. | Token cut |
| Answer» E. | |
| 589. |
In a centrally planned economy, the ____________ plans all the important activities in the economy. |
| A. | Industrialists |
| B. | Citizens |
| C. | Government |
| D. | Judiciary |
| Answer» D. Judiciary | |
| 590. |
In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals. |
| A. | Supply |
| B. | Demand |
| C. | Price |
| D. | Stock Market |
| Answer» D. Stock Market | |
| 591. |
In 2015, the real rate of interest in a country was 6% and the inflation rate then was 3%. So the nominal rate of interest in 2015 was |
| A. | 0.03 |
| B. | 0.06 |
| C. | 0.09 |
| D. | 0.12 |
| Answer» D. 0.12 | |
| 592. |
In 2016, the State Bank of India launched a new product called 'SBI Exclusif'. What is the financial nature of this product? |
| A. | Insurance |
| B. | Mutual Fund Offering |
| C. | Wealth Management |
| D. | Recurring Deposit Scheme |
| Answer» D. Recurring Deposit Scheme | |
| 593. |
In 2015, the nominal rate of interest in a country was 8% and the inflation rate then was 2.5%. So real rate of interest in 2015 was |
| A. | 3.2 percent |
| B. | 10.5 percent |
| C. | 8 percent |
| D. | 5.5 percent |
| Answer» E. | |
| 594. |
In 2015 the nominal rate of interest in country was 6%, and the inflation rate then was 1.5%. So real rate of interest in 2015 was |
| A. | 0.075 |
| B. | 0.045 |
| C. | 0.04 |
| D. | 0.0025 |
| Answer» C. 0.04 | |
| 595. |
In 2015, the nominal rate of interest in a country was 5.5% and the inflation rate then was 2.5%. So real rate of interest in 2015 was _________. |
| A. | 8 percent |
| B. | 2.2 percent |
| C. | 13.75 percent |
| D. | 3 percent |
| Answer» E. | |
| 596. |
In ____________, the short run equilibrium results in quantity produced being lesser and prices being higher compared to perfect competition. |
| A. | Monopsony |
| B. | Monopoly |
| C. | Oligopoly |
| D. | Monopolistic Competition |
| Answer» E. | |
| 597. |
In 1955, Imperial Bank of India, a leadimg commercial bank of that time was nationalised and renamed as: |
| A. | Central Bank of India |
| B. | Bank of India |
| C. | Indian Bank |
| D. | State Bank of India |
| Answer» E. | |
| 598. |
If two goods are complements, then |
| A. | the cross-price elasticity of demand will be positive |
| B. | an increase in the price of one good will increase demand for the other |
| C. | the cross-price elasticity of demand will be negative |
| D. | both B & C |
| Answer» E. | |
| 599. |
If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity? |
| A. | 20000 |
| B. | 10000 |
| C. | 15000 |
| D. | 12000 |
| Answer» B. 10000 | |
| 600. |
IMF has predicted that the global economy would grow at _______ % in 2017. |
| A. | 5.5 |
| B. | 4.5 |
| C. | 3.5 |
| D. | 2.5 |
| Answer» D. 2.5 | |