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.
| 901. |
Legal tender in India includes |
| A. | notes issued by the Finance Ministry |
| B. | notes issued by RBI only |
| C. | gold and notes |
| D. | coins and Bank notes |
| Answer» E. | |
| 902. |
The most important small-scale industry in India is that of |
| A. | handloom |
| B. | textiles |
| C. | jute |
| D. | jewellary |
| Answer» B. textiles | |
| 903. |
Core industries include |
| A. | industries catering to defence requirements |
| B. | basic industries |
| C. | critical industries |
| D. | all the above |
| Answer» D. all the above | |
| 904. |
What is the 'joint sector' in India? |
| A. | A commodity produced by both public and private sectors is said to be in the joint sector. |
| B. | It is an enterprise owned jointly by an Indian and a foreign company |
| C. | It is an enterprise owned jointly by the private and public sectors |
| D. | It is a venture in which the Government has more than a 50 per cent share |
| Answer» D. It is a venture in which the Government has more than a 50 per cent share | |
| 905. |
Which of the following is not a direct tax? |
| A. | Wealth tax |
| B. | Corporation tax |
| C. | Estate tax |
| D. | Sales tax |
| Answer» E. | |
| 906. |
The Price rise has been almost continuous since |
| A. | 1951 |
| B. | 1911 |
| C. | 1939 |
| D. | 1947 |
| Answer» D. 1947 | |
| 907. |
The foreign exchange reserves of India include |
| A. | SDRs |
| B. | Foreign currencies |
| C. | Gold |
| D. | All the above |
| Answer» E. | |
| 908. |
The exports of India |
| A. | have not shown much of a change since 1960-61 |
| B. | comprise mainly of agro-based products |
| C. | are confined to a few items |
| D. | are spread over several commodity groups |
| Answer» E. | |
| 909. |
The National Stock Exchange functions from |
| A. | Kolkata |
| B. | Mumbai |
| C. | New Delhi |
| D. | Nagpur |
| Answer» C. New Delhi | |
| 910. |
The system of value added taxation is applicable to |
| A. | income tax |
| B. | estate duty |
| C. | taxes on agricultural income |
| D. | excise duties |
| Answer» E. | |
| 911. |
Moral Suasion and Statutory Liquidity Ratio (SLR) are instruments of |
| A. | Monetary Policy |
| B. | Trade Policy |
| C. | Fiscal Policy |
| D. | Budget |
| Answer» B. Trade Policy | |
| 912. |
Which of the following is not an indirect tax? |
| A. | Sales tax |
| B. | Entertainment tax |
| C. | Customs duties |
| D. | Land revenue |
| Answer» E. | |
| 913. |
India's first private telephone service was launched in 1998 at |
| A. | Mumbai |
| B. | New Delhi |
| C. | Indore |
| D. | Kochi |
| Answer» D. Kochi | |
| 914. |
Real national income denotes |
| A. | net factor income |
| B. | national income at current prices |
| C. | national income at constant prices |
| D. | per capital income |
| Answer» C. national income at constant prices | |
| 915. |
Taxation and the government's expenditure policy are dealt under the |
| A. | Fiscal policy |
| B. | Budget |
| C. | Trade Policy |
| D. | Monetary policy |
| Answer» B. Budget | |
| 916. |
In India the co-operative movement was initiated in the sector of |
| A. | agricultural credit |
| B. | marketing of agricultural products |
| C. | farming |
| D. | consumer goods production |
| Answer» B. marketing of agricultural products | |
| 917. |
Value-added tax is |
| A. | tax on final consumption collected at the consumption stage |
| B. | an ad-valorem tax on final consumption collected at the manufacturing level |
| C. | a special tax levied by states on products from other states |
| D. | an ad-valorem tax on domestic final consumption collected at all stages between production and the point of final sale |
| Answer» E. | |
| 918. |
The term fiscal deficit means |
| A. | revenue receipts minus expenditure |
| B. | total receipts minus expenditure |
| C. | revenue receipts minus defence expenditure |
| D. | total receipts minus interest payments on external debt. |
| Answer» C. revenue receipts minus defence expenditure | |
| 919. |
A special economic zone is set up at |
| A. | Kochi |
| B. | Kandla |
| C. | Positra |
| D. | None of these |
| Answer» D. None of these | |
| 920. |
The National Development Council is mainly concerned with |
| A. | approval of five-year plans |
| B. | implementing community development programmes |
| C. | approving and assessing major development project in India |
| D. | implementing state plans |
| Answer» B. implementing community development programmes | |
| 921. |
Which of the following is not a non-plan expenditure? |
| A. | Subsidies |
| B. | Central Assistance for States and UT Plans |
| C. | Defence Expenditure |
| D. | Interest Payment |
| Answer» C. Defence Expenditure | |
| 922. |
Which of the following states has the highest growth rate of population (1981-91)? |
| A. | Bihar |
| B. | Orissa |
| C. | Rajasthan |
| D. | Nagaland |
| Answer» E. | |
| 923. |
The Industrial Investment Bank of India was earlier known as the |
| A. | IDBI |
| B. | IRDA |
| C. | IRBI |
| D. | BIFR |
| Answer» D. BIFR | |
| 924. |
The National Income Estimates of India are prepared by |
| A. | Central Statistical Organisation |
| B. | Indian Statistical Institute |
| C. | Ministry of Finance |
| D. | National Sample Survey |
| Answer» B. Indian Statistical Institute | |
| 925. |
Which of the following committees was assigned to recommend reforms in the Insurance Sector? |
| A. | Chelliah Committee |
| B. | Rakhi Committee |
| C. | Nadkarni Committee |
| D. | Malhotra Committee |
| Answer» E. | |
| 926. |
The Maximum investment limit for Small-Scale Industries has been reduced to |
| A. | Rs.60 lakh |
| B. | Rs.10 lakh |
| C. | Rs.1 crore |
| D. | Rs.3 crore |
| Answer» D. Rs.3 crore | |
| 927. |
Which statement of the following is true for IMF? |
| A. | It is not an agency of UNO |
| B. | It can grant loan to any country of the world |
| C. | It can grant loan to state Govt. of a country |
| D. | It grants loan only to member nations |
| Answer» E. | |
| 928. |
For fiscal consolidation, 13th Finance Commission in its suggested roadmap kept the ceiling of debt burden of the union government at |
| A. | 35% of GDP |
| B. | 40% of GDP |
| C. | 45% of GDP |
| D. | 50% of GDP |
| Answer» D. 50% of GDP | |
| 929. |
The recommendations of the 13th Finance Commission has become/will be operational during the period |
| A. | 2009 - 14 |
| B. | 2010 - 15 |
| C. | 2011 - 16 |
| D. | None of the above |
| Answer» C. 2011 - 16 | |
| 930. |
The 'Ad hoc Treasury Bill System' of meeting budget deficit in India was replaced by 'Ways and Means Advances System' which has come into force on |
| A. | March 31, 1997 |
| B. | April 1, 1996 |
| C. | April 1, 1997 |
| D. | None of these |
| Answer» D. None of these | |
| 931. |
The working of SEBI includes |
| A. | To regulate the dealings of share market |
| B. | To check the foul dealings in share market |
| C. | To Control the inside trading of shares |
| D. | All of these |
| Answer» E. | |
| 932. |
SEBI was established in |
| A. | 1993 |
| B. | 1992 |
| C. | 1988 |
| D. | 1990 |
| Answer» D. 1990 | |
| 933. |
Ad hoc Treasury Bill System of meeting budget deficit in India was abolished on |
| A. | 31 March, 1997 |
| B. | 31 March, 1996 |
| C. | 1 April, 1992 |
| D. | 1 April, 1995 |
| Answer» B. 31 March, 1996 | |
| 934. |
Which of the following does not grant any tax rebate? |
| A. | National Saving Certificate |
| B. | Indira Vikas Patra |
| C. | National Saving Scheme |
| D. | Public Provident Fund |
| Answer» C. National Saving Scheme | |
| 935. |
Assisting and evaluating rural welfare programmes |
| A. | ComputAssisting and evaluating rural welfare programmeser hardware |
| B. | Computer hardware |
| C. | Consultant service of export promotion |
| D. | Controlling pollution in big industries |
| Answer» B. Computer hardware | |
| 936. |
The base year of present Consumer Price Index (CPI) for Urban Non-Manual Employees (CPI-UNME) is |
| A. | 1980 - 81 |
| B. | 1981 - 82 |
| C. | 1982 - 83 |
| D. | 1984 - 85 |
| Answer» E. | |
| 937. |
SAARC University will have its head office in |
| A. | Dhaka (Bangladesh) |
| B. | New Delhi (India) |
| C. | Colombo (Sri Lanka) |
| D. | Male (Maldives) |
| Answer» C. Colombo (Sri Lanka) | |
| 938. |
The base of Consumer Price Index for Industrial Workers is being from 1982 to |
| A. | 1995 |
| B. | 1998 |
| C. | 2000 |
| D. | 2001 |
| Answer» E. | |
| 939. |
As per the statistics on foreign debt at the end of March 2010, the ratio of long term debt and short term debt stands at |
| A. | About 80 : 20 |
| B. | About 75 : 25 |
| C. | About 70 : 30 |
| D. | About 65 : 35 |
| Answer» B. About 75 : 25 | |
| 940. |
How many commodity exchanges (as on July 30, 2010) are working in India? |
| A. | Three |
| B. | Four |
| C. | Five |
| D. | Six |
| Answer» C. Five | |
| 941. |
OTCEI is |
| A. | Atomic Submarine of China |
| B. | Economic Policy of USA |
| C. | An Indian Share Market |
| D. | A defense research organisation |
| Answer» D. A defense research organisation | |
| 942. |
Novelis has been acquired and merged with |
| A. | Tata Steels |
| B. | SAIL |
| C. | HINDALCO |
| D. | Jindal Steels |
| Answer» D. Jindal Steels | |
| 943. |
Kutir Jyoti scheme is associated with |
| A. | Promoting cottage industry in villages |
| B. | Promoting employment among rural unemployed youth |
| C. | Providing electricity to rural families living below the poverty line |
| D. | All of these |
| Answer» D. All of these | |
| 944. |
Which city has been identified as the hottest (i.e., first ranking) outsourcing destination in the World? |
| A. | Bangalore (India) |
| B. | Dublin (India) |
| C. | Makati City (The Philippines) |
| D. | Tokyo (Japan) |
| Answer» B. Dublin (India) | |
| 945. |
VAT is imposed |
| A. | Directly on consumer |
| B. | On final stage of production |
| C. | On first stage of production |
| D. | On all stages between production and final sale |
| Answer» E. | |
| 946. |
The currency Deutsche Mark belongs to |
| A. | Italy |
| B. | Russia |
| C. | Germany |
| D. | Polland |
| Answer» D. Polland | |
| 947. |
Foreign Currency which has tendency of quick migration is called |
| A. | Hot currency |
| B. | Soft currency |
| C. | Gold currency |
| D. | Scarce currency |
| Answer» B. Soft currency | |
| 948. |
MRTP Act was implemented in |
| A. | 1967 |
| B. | 1968 |
| C. | 1969 |
| D. | 1970 |
| Answer» E. | |
| 949. |
The banks are required to maintain a certain ration between their cash in the hand and totals assets.This is called |
| A. | Statutory Bank Ratio (SBR) |
| B. | Statutory Liquid Ratio (SLR) |
| C. | Central Bank Reserve (CBR) |
| D. | Central Liquid Reserve (CLR) |
| Answer» C. Central Bank Reserve (CBR) | |
| 950. |
Which of the following is the first Indian private company to sign as accord with Government of Myanmar for oil exploration in two offshore blocks in that country? |
| A. | Reliance Energy |
| B. | Essar Oil |
| C. | GAIL |
| D. | ONGC |
| Answer» C. GAIL | |