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. |
The one rupee note bears the signature of |
| A. | RBI Governor |
| B. | President of India |
| C. | Finance Minister |
| D. | Finance Secretary |
| Answer» E. | |
| 2. |
SIDBI stands for |
| A. | Small Industrial Development Banker Institute |
| B. | Small Industries Design Bank of India |
| C. | Small Industries Development Bank of India |
| D. | Small Innovation Development Banker's Institute |
| Answer» D. Small Innovation Development Banker's Institute | |
| 3. |
In which year Amartya Sen was awarded the Nobel Memorial Prize in Economic Sciences |
| A. | 1996 |
| B. | 1998 |
| C. | 2001 |
| D. | 2005 |
| Answer» C. 2001 | |
| 4. |
The 1000 rupee note was first published in the year |
| A. | 1900 |
| B. | 1902 |
| C. | 1906 |
| D. | 1909 |
| Answer» E. | |
| 5. |
The paper currency was first started in india |
| A. | 1852 |
| B. | 1861 |
| C. | 1865 |
| D. | 1890 |
| Answer» C. 1865 | |
| 6. |
The National Bank for Agriculture and Rural Development(NABARD) was founded in |
| A. | 1982 |
| B. | 1984 |
| C. | 1985 |
| D. | 1990 |
| Answer» B. 1984 | |
| 7. |
Which Prime Minister launched the Pradhan Mantri Jan Dhan Yojana |
| A. | Manmohan Singh |
| B. | Narendra Modi |
| C. | Atal Bihari Vajpayee |
| D. | Rajiv Gandhi |
| Answer» C. Atal Bihari Vajpayee | |
| 8. |
The Government of India earns maximum revenue from |
| A. | Income Tax |
| B. | Corporate Tax |
| C. | Sales Tax |
| D. | Central Bank of India |
| Answer» C. Sales Tax | |
| 9. |
How many banks of Indian are nationalized in 1969 |
| A. | 8 |
| B. | 12 |
| C. | 14 |
| D. | 18 |
| Answer» D. 18 | |
| 10. |
Which among the followings is the oldest Public Sector Bank of India |
| A. | Punjab National Bank |
| B. | Industrial Development Bank of India |
| C. | Allahabad Bank |
| D. | Central Bank of India |
| Answer» D. Central Bank of India | |
| 11. |
India changed over to the decimal system of coinage in the year |
| A. | 1959 |
| B. | 1948 |
| C. | 1957 |
| D. | 1952 |
| Answer» D. 1952 | |
| 12. |
In which sector Indian Govt allow 100% foreign direct investment |
| A. | Telecome |
| B. | Petroleum refining |
| C. | Insurance |
| D. | Defence Production |
| Answer» B. Petroleum refining | |
| 13. |
In which year budget, the service tax concept was first introduce in India |
| A. | 1994-95 |
| B. | 1995-96 |
| C. | 1991-92 |
| D. | 1992-93 |
| Answer» B. 1995-96 | |
| 14. |
Which Finance Minister has introduced the service tax concept in india |
| A. | P. Chidambaram |
| B. | Manmohan Singh |
| C. | Indira Gandhi |
| D. | I. K. Gujral |
| Answer» C. Indira Gandhi | |
| 15. |
Who has presented the maximum number of budgets with 10 budgets |
| A. | Pranab Mukherjee |
| B. | Yashwant Sinha |
| C. | Morarji Desai |
| D. | P. Chidambaram |
| Answer» D. P. Chidambaram | |
| 16. |
Who is the first Finance Minister to have risen to be the President of India |
| A. | R Venkataraman |
| B. | Shankar Dayal Sharma |
| C. | K. R. Narayanan |
| D. | S Radhakrishnan |
| Answer» B. Shankar Dayal Sharma | |
| 17. |
Who was the first person to adopt a scientific method in estimating the national income in India |
| A. | PN Dhar |
| B. | Ashok Mitra |
| C. | VKRV Rao |
| D. | Prof Sheroi |
| Answer» D. Prof Sheroi | |
| 18. |
In which year, SBI was founded |
| A. | 1956 |
| B. | 1958 |
| C. | 1962 |
| D. | 1965 |
| Answer» B. 1958 | |
| 19. |
State Bank Of India before nationalisation was known as |
| A. | General Bank of India |
| B. | Bank of Hindustan |
| C. | Grand Bank |
| D. | Imperial Bank of India |
| Answer» E. | |
| 20. |
Arundhati Bhattacharya is the first woman Chairperson of |
| A. | RBI |
| B. | SBI |
| C. | ICICI |
| D. | UCO |
| Answer» C. ICICI | |
| 21. |
The fiscal policy in india is formulated by |
| A. | Finance Ministry |
| B. | RBI |
| C. | Planning Commission |
| D. | National Income Committee |
| Answer» B. RBI | |
| 22. |
How many languages are printed in an Indian currency note |
| A. | 12 |
| B. | 13 |
| C. | 15 |
| D. | 17 |
| Answer» D. 17 | |
| 23. |
How many zonal office does RBI has |
| A. | 4 |
| B. | 5 |
| C. | 6 |
| D. | 8 |
| Answer» B. 5 | |
| 24. |
During which Planning Commission period, NABARD was established |
| A. | Third |
| B. | Sixth |
| C. | Seventh |
| D. | Ninth |
| Answer» C. Seventh | |
| 25. |
Which bank was established on the recommendations of Shivaraman Committee |
| A. | SBI |
| B. | RBI |
| C. | UBI |
| D. | NABARD |
| Answer» E. | |
| 26. |
Where the headquarters of NABARD (National Bank for Agriculture and Rural Development) is located |
| A. | Delhi |
| B. | Mumbai |
| C. | Noida |
| D. | Bangalore |
| Answer» C. Noida | |
| 27. |
Total number of approved stock exchanges in india |
| A. | 16 |
| B. | 19 |
| C. | 22 |
| D. | 23 |
| Answer» E. | |
| 28. |
The Planning Commission of India is a |
| A. | A Constitutional body |
| B. | A Statutory body |
| C. | A non-Statutory body |
| D. | An independent and autonomous body |
| Answer» D. An independent and autonomous body | |
| 29. |
Who has the sole right to issue bank notes of all denominations |
| A. | SBI |
| B. | RBI |
| C. | Finance Ministry |
| D. | Planning Commission |
| Answer» C. Finance Ministry | |
| 30. |
Who had eastablished the Delhi School of Economics |
| A. | Prof. Shenoi |
| B. | P. N. Dhar |
| C. | K. N. Raj |
| D. | V. K. R. V. Rao |
| Answer» E. | |
| 31. |
Who is the Chairman of Planning Commission |
| A. | President |
| B. | Vice President |
| C. | Prime Minister |
| D. | Finanace Minister |
| Answer» D. Finanace Minister | |
| 32. |
In India, who determines the repo rate |
| A. | Union Govt |
| B. | Planning Commission |
| C. | RBI |
| D. | SBI |
| Answer» D. SBI | |
| 33. |
To which country India export highest percentage of its products |
| A. | China |
| B. | Brazil |
| C. | Russia |
| D. | USA |
| Answer» E. | |
| 34. |
Planning Commission reports directly to |
| A. | President |
| B. | Prime Minister |
| C. | Finance Minister |
| D. | None of the above |
| Answer» C. Finance Minister | |
| 35. |
Who was the first Finance Minister of India |
| A. | R. K. Shanmukham Chetty |
| B. | John Mathai |
| C. | Jawaharlal Nehru |
| D. | T. T. Krishnamachari |
| Answer» B. John Mathai | |
| 36. |
Which Prime Minister is also known as 'Father of Indian Economic Reforms' |
| A. | Indira Gandhi |
| B. | Manmohan Singh |
| C. | P.V.Narasimha Rao |
| D. | Atal Bihari Vajpayee |
| Answer» D. Atal Bihari Vajpayee | |
| 37. |
Who was the first Chairman of Finance Commission of India |
| A. | Mahaveer Tyagi |
| B. | K. Santhanam |
| C. | J.M. Shelat |
| D. | K. C. Neogy |
| Answer» E. | |
| 38. |
When the first Finance Commission of India is formed |
| A. | 1947 |
| B. | 1950 |
| C. | 1951 |
| D. | 1953 |
| Answer» D. 1953 | |
| 39. |
Which Prime Minister first take steps for nationalisation of banks |
| A. | Rajiv Gandhi |
| B. | Indira Gandhi |
| C. | P. V. Narasimha Rao |
| D. | V. P. Singh |
| Answer» C. P. V. Narasimha Rao | |
| 40. |
Which Indian states paying highest tax revenues |
| A. | Madhya Pradesh |
| B. | Andhra Pradesh |
| C. | Maharashtra |
| D. | Uttar Pradesh |
| Answer» D. Uttar Pradesh | |
| 41. |
Which income is exempt under the Indian Income Tax Act |
| A. | Agricultural income |
| B. | Industrial income |
| C. | Company income |
| D. | NGO income |
| Answer» B. Industrial income | |
| 42. |
Total number of code (character and number) in Indian Financial System Code (IFSC) system is |
| A. | 7 |
| B. | 9 |
| C. | 10 |
| D. | 11 |
| Answer» E. | |
| 43. |
What is the gdp per capita of india in 2012 according to World Bank data |
| A. | 1250 $ |
| B. | 1489 $ |
| C. | 1572 $ |
| D. | 1691 $ |
| Answer» C. 1572 $ | |
| 44. |
Which one is the largest banking and financial services company in India by assets |
| A. | Bank of Baroda |
| B. | Punjab National Bank |
| C. | State Bank of India |
| D. | ICICI Bank |
| Answer» D. ICICI Bank | |
| 45. |
Reserve Bank of India was nationalised in the year |
| A. | 1935 |
| B. | 1945 |
| C. | 1949 |
| D. | 1952 |
| Answer» D. 1952 | |
| 46. |
Which one of the following is not a direct tax |
| A. | Income Tax |
| B. | Wealth Tax |
| C. | Gift Tax |
| D. | Sales Tax |
| Answer» E. | |
| 47. |
Union budget is presented on the Parliament on 1st working day of |
| A. | January |
| B. | February |
| C. | March |
| D. | August |
| Answer» C. March | |
| 48. |
When the Value Added Tax was first introduce in India |
| A. | 2005 |
| B. | 2006 |
| C. | 2007 |
| D. | 2008 |
| Answer» B. 2006 | |
| 49. |
Which one is the largest source of revenue for the Indian Government |
| A. | Sales Tax |
| B. | Excise Duties |
| C. | Income Tax |
| D. | None of the above |
| Answer» C. Income Tax | |
| 50. |
In 2013 Union budget of India, in which category highest amount of money is allocated |
| A. | Defence |
| B. | Education |
| C. | Health |
| D. | Sports |
| Answer» B. Education | |