MCQOPTIONS
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MCQOPTIONS
This section includes 1769 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 balance of payment on current account shows: |
| A. | the record of the current position of the country in transfer of both visible and invisible items |
| B. | the record of the financial position of the country |
| C. | the extent of the financial position of the country |
| D. | the record of the current position of visible items. |
| Answer» B. the record of the financial position of the country | |
| 2. |
EXIM Bank was set up in: |
| A. | 1980 |
| B. | 1982 |
| C. | 1991 |
| D. | 2000 |
| Answer» C. 1991 | |
| 3. |
The Mudaliar Committee was related to: |
| A. | export-import policy |
| B. | exim bank |
| C. | small scale industries |
| D. | banking sector |
| Answer» B. exim bank | |
| 4. |
In which of the plan period, the Balance of payment position had surplus: |
| A. | first plan |
| B. | second plan |
| C. | third plan |
| D. | fifth plan |
| Answer» E. | |
| 5. |
The balance of payment in unfavorable: |
| A. | when value of export is greater than import |
| B. | when value of import is greater than export |
| C. | when value of imports and exports are equal |
| D. | only when there is much greater difference between exports and imports |
| Answer» C. when value of imports and exports are equal | |
| 6. |
The important component of foreign trade: |
| A. | terms of trade, balance of trade and balance of payment |
| B. | the volume of trade, the composition of trade and direction of trade |
| C. | terms of trade and volume of trade |
| D. | terms of trade and direction of trade |
| Answer» C. terms of trade and volume of trade | |
| 7. |
The direction of trade indicates: |
| A. | the nature of goods that are exported and imported |
| B. | the value of goods that are exported and imported |
| C. | the countries to which commodities are exported and the countries from which commodities are imported |
| D. | the terms at which exports exchanges for imports school of distance education indian economy |
| Answer» D. the terms at which exports exchanges for imports school of distance education indian economy | |
| 8. |
The fundamental cause for the collapse of the Bretton woods system was: |
| A. | liquidity problem |
| B. | the adjustment problem |
| C. | the confidence problem |
| D. | all of the above |
| Answer» E. | |
| 9. |
The international monetary system that existed from 1947 to 1971 isgenerally known as: |
| A. | par value system |
| B. | pegged exchange rate system |
| C. | bothe a & b |
| D. | fewer rupees in the spot market than in the home market |
| Answer» B. pegged exchange rate system | |
| 10. |
Each member of IMF is assigned a quota expressed in: |
| A. | member country’s currency |
| B. | dollar |
| C. | special drawing rights |
| D. | none of the above |
| Answer» D. none of the above | |
| 11. |
The convertibility of dollar was formally abandoned in: |
| A. | 1971 |
| B. | 1966 |
| C. | 1973 |
| D. | 1962 |
| Answer» B. 1966 | |
| 12. |
In calculating India’s balance of payments position, we must: |
| A. | omit invisible items |
| B. | omit exports and imports of gold |
| C. | include expenditure by foreign tourists as imports |
| D. | include long term loans abroad as debit |
| Answer» C. include expenditure by foreign tourists as imports | |
| 13. |
Trade Policy measures for correction of balance of paymentsdisequilibrium include of export promotion: |
| A. | export promotion |
| B. | import control |
| C. | both a & b |
| D. | import substitution |
| Answer» D. import substitution | |
| 14. |
Balance of payments must always balance because: |
| A. | trade deficit is cancelled by invisible credits |
| B. | import always equals exports |
| C. | of an accounting connection |
| D. | what a country gets, it must either pay or save |
| Answer» D. what a country gets, it must either pay or save | |
| 15. |
Import quota is : |
| A. | tariff |
| B. | non-tariff trade barrier |
| C. | concession |
| D. | international obligation |
| Answer» C. concession | |
| 16. |
Outward looking development policies are not associated with: |
| A. | open system of communications |
| B. | free movement of capital |
| C. | multinational enterprises |
| D. | learning by doing |
| Answer» E. | |
| 17. |
Net National gains from trade is measurable function of: |
| A. | volume of trade |
| B. | relative prices in two countries |
| C. | factor cost of commodities traded |
| D. | volume of trade credited and change in prices caused by trade |
| Answer» E. | |
| 18. |
Since March 1973, the world, more or less, had a: |
| A. | free floating exchange rate system |
| B. | fixed exchange rate system |
| C. | managed floating exchange rate system |
| D. | adjustable peg system |
| Answer» D. adjustable peg system | |
| 19. |
Export promotion is an: |
| A. | inward looking strategy |
| B. | outward looking strategy |
| C. | fiscal strategy |
| D. | political strategy |
| Answer» C. fiscal strategy | |
| 20. |
WTO prescribes export subsidies as: |
| A. | competition |
| B. | unfair competition |
| C. | monopolistic competition |
| D. | exploitation |
| Answer» C. monopolistic competition | |
| 21. |
Bockaro Steel plant was started during ……………. plan . |
| A. | first |
| B. | second |
| C. | third |
| D. | fourth |
| Answer» E. | |
| 22. |
…………… is known as the father of Iron and Steel company in India. |
| A. | jamshedji tata |
| B. | ratan tata |
| C. | ambani |
| D. | mittal |
| Answer» B. ratan tata | |
| 23. |
Indian Iron and Steel company was established in …………… |
| A. | 1919 |
| B. | 1909 |
| C. | 1976 |
| D. | 1090 |
| Answer» C. 1976 | |
| 24. |
Small –scale industries contributed …………% towards total productionof manufacturing : |
| A. | 20.43 |
| B. | 5.83 |
| C. | 10.3 |
| D. | 16.79 |
| Answer» C. 10.3 | |
| 25. |
MARTP Act is related to ……………. |
| A. | industry |
| B. | service |
| C. | bank |
| D. | shipping |
| Answer» B. service | |
| 26. |
IISCO came under the control of : |
| A. | rbi |
| B. | sail |
| C. | uti |
| D. | pnb |
| Answer» C. uti | |
| 27. |
SAIL was set up in |
| A. | 1980. |
| B. | 1970 . |
| C. | 1974. |
| D. | 1989. |
| Answer» D. 1989. | |
| 28. |
SSI stands for |
| A. | small scale industries , |
| B. | small saving interest , |
| C. | saving social of india , |
| D. | all the three |
| Answer» B. small saving interest , | |
| 29. |
The worst form of land tenurs system was……………………. |
| A. | zamindary |
| B. | riotwary |
| C. | mahalwari |
| D. | malguzari |
| Answer» B. riotwary | |
| 30. |
How many industries are reserved for the public sector in the newIndustrial policy 1991. |
| A. | 60 |
| B. | 8 |
| C. | 10 |
| D. | 12 |
| Answer» C. 10 | |
| 31. |
When the first industrial policy was introduced ? |
| A. | 1951. |
| B. | 1991. |
| C. | 1948. |
| D. | 1956 |
| Answer» D. 1956 | |
| 32. |
Regional Rural Bank were started in ……………….. |
| A. | 1969 |
| B. | 1972 |
| C. | 1975 |
| D. | 1991 |
| Answer» D. 1991 | |
| 33. |
India’s Green revolution was most successful in …………Production: |
| A. | wheat |
| B. | rice |
| C. | maize |
| D. | cotton |
| Answer» B. rice | |
| 34. |
Agricultural Credit is given by. |
| A. | co-operatives |
| B. | rrbs |
| C. | nabard |
| D. | all of the above |
| Answer» E. | |
| 35. |
PDS Stands for: |
| A. | public distribution system |
| B. | public division system |
| C. | price distribution system |
| D. | all of these |
| Answer» B. public division system | |
| 36. |
Tenancy reform is related to. |
| A. | regulation of rent |
| B. | security of tenure |
| C. | conferment of ownership rights |
| D. | all of the above |
| Answer» E. | |
| 37. |
Which is the Commercial crop |
| A. | tea |
| B. | rice |
| C. | wheat |
| D. | none of there |
| Answer» B. rice | |
| 38. |
Which is the main wheat production State of India |
| A. | punjab |
| B. | orissa |
| C. | goa |
| D. | none of there |
| Answer» B. orissa | |
| 39. |
Which are kharif crop(s) |
| A. | maize |
| B. | cotton |
| C. | sugar cane |
| D. | all of these |
| Answer» E. | |
| 40. |
Land reform includes: |
| A. | new idea of irrigation |
| B. | fertilizers |
| C. | new seeds |
| D. | all of the above |
| Answer» E. | |
| 41. |
Which state of India has derived the maximum benefit from GreenRevolution. |
| A. | kerala |
| B. | maharashtra |
| C. | u.p |
| D. | punjab |
| Answer» E. | |
| 42. |
In which year New Agricultural strategy was introduced in India. |
| A. | 1960 |
| B. | 1950 |
| C. | 1966 |
| D. | 1991 |
| Answer» D. 1991 | |
| 43. |
What was the contribution of the primary sector to net domestic product ofIndia in 2011. |
| A. | 80% |
| B. | 18% |
| C. | 53% |
| D. | 25% |
| Answer» C. 53% | |
| 44. |
What is the percentage of agricultural population in India in 2012. |
| A. | 66 per cent |
| B. | 35 percent |
| C. | 70 percent |
| D. | 90 percent |
| Answer» B. 35 percent | |
| 45. |
The annual growth rate of India’s population according to 2011censusis: |
| A. | 1.9% |
| B. | 1.76% |
| C. | 2% |
| D. | none |
| Answer» C. 2% | |
| 46. |
The average MPCE of rural people in India according to 68 th round ofNSSO is: |
| A. | rs.1281.45 |
| B. | rs.2401.68 |
| C. | rs.2105 |
| D. | rs.455 |
| Answer» B. rs.2401.68 | |
| 47. |
The Gini coefficient of India in 2011is: |
| A. | 36.8 |
| B. | 33.4 |
| C. | 32.10 |
| D. | 38.1 |
| Answer» B. 33.4 | |
| 48. |
India’s rank according to HDI in 2012 is |
| A. | 127 |
| B. | 134 |
| C. | 136 |
| D. | 124 |
| Answer» D. 124 | |
| 49. |
The ratio of unemployment in India in 2009-10 is: |
| A. | 5.8 |
| B. | 6.6 |
| C. | 8.2 |
| D. | none |
| Answer» C. 8.2 | |
| 50. |
The type unemployment more prominent in India is: |
| A. | seasonal |
| B. | cyclical |
| C. | structural |
| D. | open |
| Answer» D. open | |