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.
| 651. |
If a budget is defeated in the legislature of a state then |
| A. | The Finance Minister alone has to resign |
| B. | The Finance Minister concerned has to be suspended |
| C. | The council of Ministers along with the Chief Minister has to resign |
| D. | ReÂelection have to be ordered |
| Answer» D. ReÂelection have to be ordered | |
| 652. |
If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________. |
| A. | Law of demand |
| B. | Law of supply |
| C. | Law of substitution |
| D. | Law of optimal choice |
| Answer» B. Law of supply | |
| 653. |
Identify the Indian state which has the lowest sex ratio |
| A. | Haryana |
| B. | Punjab |
| C. | Uttar Pradesh |
| D. | Arunachal Pradesh |
| Answer» B. Punjab | |
| 654. |
How long is your TABC certification valid? |
| A. | 1 year |
| B. | 2 years |
| C. | 4 years |
| D. | 6 months |
| Answer» C. 4 years | |
| 655. |
GST Council has decided to keep a total of ________ items in the 28% slab, which was earlier 227. |
| A. | 125 |
| B. | 87 |
| C. | 100 |
| D. | 50 |
| Answer» E. | |
| 656. |
Hindu rate of growth refers to the rate of growth of |
| A. | GDP |
| B. | Population |
| C. | Foodgrains |
| D. | Per captain income |
| Answer» B. Population | |
| 657. |
Grey revolution is related to ........._x005F_x000D_ |
| A. | leather |
| B. | silk |
| C. | fish |
| D. | fertilizers |
| Answer» E. | |
| 658. |
Graphically, the market demand curve is |
| A. | greater than the sum of the individual demand curves |
| B. | the horizontal sum of individual demand curves |
| C. | steeper than any individual demand curve that is part of it |
| D. | the vertical sum of individual demand curves |
| Answer» C. steeper than any individual demand curve that is part of it | |
| 659. |
HDI is an aggregate measure of progress in which of the three dimensions? |
| A. | Health, Education, Income |
| B. | Food Security, Employment, Income |
| C. | Agriculture, Industry, Services |
| D. | Height, Weight, Colour |
| Answer» B. Food Security, Employment, Income | |
| 660. |
Government imposes taxes to |
| A. | Check accumulation of wealth among the rich |
| B. | Run the machinery of the state |
| C. | Uplift weaker sections |
| D. | All of the above |
| Answer» C. Uplift weaker sections | |
| 661. |
Government borrowing to finance budget deficits _____. |
| A. | will exert downward pressure on interest rates |
| B. | will have no effect on interest rates |
| C. | will increase supply of loanable funds |
| D. | will put upward pressure on interest rates |
| Answer» E. | |
| 662. |
Graphical analysis of tariffs reveals that |
| A. | they benefit domestic consumers at the expense of domestic producers. |
| B. | revenue gains outweigh the costs to domestic consumers. |
| C. | they increase domestic production of the good for which imports face tariffs. |
| D. | although the benefits are not shared equally, everyone in the domestic economy benefits from tariffs |
| Answer» D. although the benefits are not shared equally, everyone in the domestic economy benefits from tariffs | |
| 663. |
Goods whose demand is proportional to price are called |
| A. | inferior goods |
| B. | Veblen goods |
| C. | normal goods |
| D. | exclusive goods |
| Answer» C. normal goods | |
| 664. |
Goods which are consumed together are called? |
| A. | Inferior goods |
| B. | Normal goods |
| C. | Complementary goods |
| D. | Substitute goods |
| Answer» D. Substitute goods | |
| 665. |
Goods and Services Tax likely to be levied in India is not a |
| A. | gross value tax |
| B. | value-added tax |
| C. | consumption tax |
| D. | destination-based tax |
| Answer» B. value-added tax | |
| 666. |
Goods for which demand move in the opposite direction of the income of the consumer are called? |
| A. | Inferior goods |
| B. | Normal goods |
| C. | Complementary goods |
| D. | Substitute goods |
| Answer» B. Normal goods | |
| 667. |
Globalization of the economy has |
| A. | decreased regional specialization of production |
| B. | decreased investment in less developed countries |
| C. | heightened economic differences among places |
| D. | leveled economic differences between places |
| Answer» D. leveled economic differences between places | |
| 668. |
Globalization has the largest effect on |
| A. | Politics |
| B. | Economy |
| C. | Employment |
| D. | Business |
| Answer» C. Employment | |
| 669. |
Gold Mines in India are located mainly at |
| A. | Kolar |
| B. | Raniganj |
| C. | Jadugoda |
| D. | Veeranam |
| Answer» B. Raniganj | |
| 670. |
"GDP price index" measures changes in the |
| A. | Amount of resources available in the nation |
| B. | Value of final output produced in the nation |
| C. | Cost of resources employed in the nation |
| D. | Prices of the output produced in the nation |
| Answer» C. Cost of resources employed in the nation | |
| 671. |
Generally unemployment in a developing country takes place because of ___________._x005F_x000D_ |
| A. | lack of complementary factors of production |
| B. | seasonal factors |
| C. | lack of effective demand |
| D. | switch over from one job to another |
| Answer» B. seasonal factors | |
| 672. |
"Gilt-edged" means ___________._x005F_x000D_ |
| A. | bullion market_x005F_x000D_ |
| B. | market of government securities_x005F_x000D_ |
| C. | market of guns |
| D. | market of pure metals |
| Answer» C. market of guns | |
| 673. |
GDP can be calculated by summing |
| A. | Consumption, investment, government purchases, and net exports |
| B. | Consumption, investment, government spending, and imports |
| C. | Consumption, investment, government purchases, and imports |
| D. | Consumption, investment, wages, and rent |
| Answer» B. Consumption, investment, government spending, and imports | |
| 674. |
Gas authority of India Ltd.(GAIL) is likely to bag equity participation in a transational pipeline project from the Caspian Sea to Central Europe. What is the name of this 3,300 km pipeline project? |
| A. | Natural Gas Transmission Company |
| B. | SNTGN Transgar SA |
| C. | O M V Aktiengesellschaft |
| D. | Nabucco Natural Gas Pipeline Project |
| Answer» E. | |
| 675. |
Full convertibility of a rupee means ? |
| A. | Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply |
| B. | Repayment of loans in terms of rupees |
| C. | Payment for imports in terms of rupees |
| D. | Purchase of foreign exchange for rupees freely |
| Answer» B. Repayment of loans in terms of rupees | |
| 676. |
Full employment is the level at which there is _____. |
| A. | no frictional unemployment |
| B. | no cyclical unemployment |
| C. | no structural unemployment |
| D. | no unemployment |
| Answer» C. no structural unemployment | |
| 677. |
From which of the following, is the GDP of a country not derived from? |
| A. | Agricultural sector |
| B. | Industrial sector |
| C. | International sector |
| D. | Service sector |
| Answer» D. Service sector | |
| 678. |
"Forests" is listed in the __________ list given in the Seventh Schedule in the Constitution of India. |
| A. | Union |
| B. | State |
| C. | Global |
| D. | Concurrent |
| Answer» E. | |
| 679. |
For the first time in Gujarat, who implemented Jizya tax? |
| A. | Ahmed Shah I |
| B. | Mahmud Begda |
| C. | Mujaffarshah I |
| D. | Mujaffarshah II |
| Answer» B. Mahmud Begda | |
| 680. |
For the buying and selling of precious metals such as Goldand Silver, the market established is termed as ________ . |
| A. | Capital Market |
| B. | Money Market |
| C. | Bullion Market |
| D. | wholesale cash market |
| Answer» D. wholesale cash market | |
| 681. |
For internal financing of Five Year Plans, the Government depends on ___________._x005F_x000D_ |
| A. | taxation and public borrowing_x005F_x000D_ |
| B. | taxation, public borrowing and deficit financing_x005F_x000D_ |
| C. | Only taxation |
| D. | public borrowing and deficit financing |
| Answer» E. | |
| 682. |
For economists, the word "utility" means |
| A. | pleasure and satisfaction |
| B. | purposefulness |
| C. | versatility and flexibility |
| D. | rationality |
| Answer» B. purposefulness | |
| 683. |
For each perfectly competitive firm in the long run |
| A. | price = marginal costs = average variable costs |
| B. | price = average profit |
| C. | price = marginal costs = minimum average total costs |
| D. | price = minimum average variable costs |
| Answer» D. price = minimum average variable costs | |
| 684. |
For a price taking firm, average revenue is ______ market price. |
| A. | half of |
| B. | equal to |
| C. | double of |
| D. | less than |
| Answer» C. double of | |
| 685. |
For an inferior good demand falls when _________._x005F_x000D_ |
| A. | Piece rise_x005F_x000D_ |
| B. | Price falls_x005F_x000D_ |
| C. | Income rise_x005F_x000D_ |
| D. | Income falls_x005F_x000D_ |
| Answer» D. Income falls_x005F_x000D_ | |
| 686. |
Fixed Foreign Exchange Rate can be changed by |
| A. | RBI |
| B. | SEBI |
| C. | Ministry of Finance |
| D. | FIPB |
| Answer» B. SEBI | |
| 687. |
For a certain shoe factory the fixed costs are Rs 200,000, selling price is Rs 2000 per pair of shoes and variable cost is Rs 1200 per pair, what is the breakeven quantity? |
| A. | 100 |
| B. | 62.5 |
| C. | 167 |
| D. | 250 |
| Answer» E. | |
| 688. |
Fiscal policy is connected with |
| A. | Public revenue & expenditure |
| B. | Exports and imports |
| C. | Issue of currency |
| D. | Taxes |
| Answer» B. Exports and imports | |
| 689. |
Find the similarity among the following: Makar Sankranthi, Pongal, Lohri, Baisakhi |
| A. | All are festivals of North India |
| B. | All are names of harvest festivals |
| C. | All are festivals celebrated in the month of January |
| D. | There is no similarity at all |
| Answer» C. All are festivals celebrated in the month of January | |
| 690. |
Fiscal Policy is concerned with |
| A. | Government Spending and Taxation |
| B. | Money Supply |
| C. | Government Spending, Money Supply and Taxation |
| D. | Taxation |
| Answer» B. Money Supply | |
| 691. |
Find arc elasticity of demand, if quantity demanded falls from 4600 to 4200 when price of the item is increased from Rs 960 to Rs 1000? |
| A. | -2.23 |
| B. | |
| C. | 2.23 |
| D. | 2.09 |
| Answer» B. | |
| 692. |
First time which year the Railway Budget and the General Budget were presented separately? |
| A. | 1923 |
| B. | 1947 |
| C. | 1952 |
| D. | 1977 |
| Answer» B. 1947 | |
| 693. |
Financial reports are used by |
| A. | Investors |
| B. | Creditors |
| C. | Market Analysts |
| D. | All of the above |
| Answer» E. | |
| 694. |
Expenses are recognized when |
| A. | they are paid. |
| B. | they contribute to the production of revenue. |
| C. | the invoice is received. |
| D. | they are billed by the supplier. |
| Answer» C. the invoice is received. | |
| 695. |
Entrepreneurship as a theory of business was propounded by |
| A. | Thomas A. Coleman |
| B. | Joseph A. Schumpeter |
| C. | Adam Smith |
| D. | Douglas McGregor |
| Answer» C. Adam Smith | |
| 696. |
Employment in agriculture comes under |
| A. | organised sector |
| B. | service sector |
| C. | unorganised sector |
| D. | semi organised sector |
| Answer» C. unorganised sector | |
| 697. |
Economics is the study of how society manages its |
| A. | Limited resources & limited wants |
| B. | Unlimited wants & unlimited resources |
| C. | Limited wants & unlimited resources |
| D. | Limited resources & unlimited wants |
| Answer» D. Limited resources & unlimited wants | |
| 698. |
Economic Survey of India is published by |
| A. | Chief Economic Adviser |
| B. | Finance Ministry |
| C. | Home Ministry |
| D. | External Affairs |
| Answer» C. Home Ministry | |
| 699. |
Economics involves marginal analysis because |
| A. | marginal benefits always exceed marginal costs |
| B. | much economic behavior is irrational |
| C. | most decisions involve changes from the present situation |
| D. | marginal costs always exceed marginal benefits |
| Answer» D. marginal costs always exceed marginal benefits | |
| 700. |
Economics deals primarily with the concept of |
| A. | Poverty |
| B. | Money |
| C. | Scarcity |
| D. | Banking |
| Answer» D. Banking | |