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. |
Minimum Support Price is announced by ______. |
| A. | Chamber of Commerce |
| B. | Ministry of Finance |
| C. | Ministry of Agriculture |
| D. | Cabinet Committee on Economic Affairs |
| Answer» E. | |
| 2. |
An increase in which of the following gases leads to global warming? |
| A. | Oxygen |
| B. | Carbon dioxide |
| C. | Sulphur dioxide |
| D. | Ozone |
| Answer» C. Sulphur dioxide | |
| 3. |
Directions: GIven below are two statements, out of which one is the cause and which one is the effect, or if both of them are effects of independent causes or both of them are independent of each other.Statement:I. The domestic price of petrol has gone down.II. The international price of crude oil has decreased. |
| A. | I is the cause and II is the effect. |
| B. | II is the cause and I is the effect. |
| C. | I and II are independent of each other. |
| D. | I and II are effects of independent causes. |
| Answer» C. I and II are independent of each other. | |
| 4. |
In Economics, which of the following is classified as "White goods"? |
| A. | Household food items (Rice, Wheat) |
| B. | Household appliances (Fridge, washing machines) |
| C. | Heavy Machinery |
| D. | Weapons |
| Answer» C. Heavy Machinery | |
| 5. |
Offloading of government shares to private companies is known as _____. |
| A. | Investment |
| B. | Disinvestment |
| C. | Centralization |
| D. | Decentralization |
| Answer» C. Centralization | |
| 6. |
According to the Ministry of Commerce and Industry, Govt. of India, negative growth was recorded in the exports of: |
| A. | as many as 10 key agricultural products in July 2015 due to contraction in prices in the global commodity market. |
| B. | as many as 15 key agricultural products in July 2015 due to contraction in prices in the global commodity market. |
| C. | as many as 20 key agricultural products in July 2015 due to contraction in prices in the global commodity market. |
| D. | as many as 25 key agricultural products in July 2015 due to contraction in prices in the global commodity market. |
| Answer» B. as many as 15 key agricultural products in July 2015 due to contraction in prices in the global commodity market. | |
| 7. |
In the context of India, which of the following factors is/are contributor/contributors to reducing the risk of a currency crisis?1. The foreign currency earnings of India's IT sector.2. Increasing government expenditure.3. Remittances from Indians abroad.Select the correct answer using the code given below. |
| A. | 1 only |
| B. | 1 and 3 only |
| C. | 2 only |
| D. | 1, 2 and 3 |
| Answer» C. 2 only | |
| 8. |
Consider the following actions which the Government can take:1. Devaluing the domestic currency.2. Reduction in the export subsidy.3. Adopting suitable policies which attract greater FDI and more funds from FIIs. Which of the action/actions can help in reducing the current account deficit? |
| A. | 1 and 2 |
| B. | 2 and 3 |
| C. | 3 only |
| D. | 1 and 3 |
| Answer» E. | |
| 9. |
In the context of transport facility, India’s indigenous Automatic Fare Collection Gating System has been named as: |
| A. | SATKAR |
| B. | SWAGAT |
| C. | ABHAR |
| D. | SWEEKAR |
| Answer» C. ABHAR | |
| 10. |
Debtors turnover ratio is 4. What is the average collection period? |
| A. | 5 months |
| B. | 4 months |
| C. | 3 months |
| D. | 2 months |
| Answer» D. 2 months | |
| 11. |
For comparing the development of countries, what is considered to be one of the most important attributes? |
| A. | Happiness |
| B. | Income |
| C. | Equality of rights |
| D. | Size of country |
| Answer» C. Equality of rights | |
| 12. |
Collateral against loans is also known as _______. |
| A. | Credit |
| B. | Bond |
| C. | Agreement |
| D. | Security |
| Answer» E. | |
| 13. |
Largest tobacco producer district of West Bengal is |
| A. | Murshidabad |
| B. | Malda |
| C. | Cooch Bihar |
| D. | Birbhum |
| Answer» D. Birbhum | |
| 14. |
National Manufacturing Policy was introduced by the Government of India in |
| A. | 2010 |
| B. | 2011 |
| C. | 2012 |
| D. | 2013 |
| Answer» C. 2012 | |
| 15. |
______ are known as excludable goods. |
| A. | Merit Goods |
| B. | Demerit Goods |
| C. | Public Goods |
| D. | Private Goods |
| Answer» E. | |
| 16. |
During the Eleventh Five Year Plan (FYP), the agriculture sector in India witnessed a growth rate of 3.3 per cent annum which is higher than 2.4 per cent per annum in the previous FYP. This is largely due to better performance of: |
| A. | Crops and Livestock |
| B. | Oilseeds and Fibres |
| C. | Fishing and Oilseeds |
| D. | Fibres and Fishing |
| Answer» B. Oilseeds and Fibres | |
| 17. |
In the context of the tertiary Indian economy sector, which of the following areas comes under it? |
| A. | Health Care |
| B. | Animal Husbandry |
| C. | Banking |
| D. | Agriculture |
| Answer» D. Agriculture | |
| 18. |
How is National Income calculated? |
| A. | Net National Product - indirect taxes + subsidy |
| B. | Net Domestic Product – Indirect Taxes – Depreciation |
| C. | Net Domestic Product + Indirect Taxes – Depreciation |
| D. | Net National Product + indirect taxes - subsidy |
| Answer» B. Net Domestic Product – Indirect Taxes – Depreciation | |
| 19. |
________ is the change in total utility due to consumption of one additional unit of a commodity. |
| A. | Minimum Utility |
| B. | Changed Utility |
| C. | Marginal Utility |
| D. | Maximum Utility |
| Answer» D. Maximum Utility | |
| 20. |
"Incredible India" is the tagline of which organisation ? |
| A. | Indian Railways |
| B. | Swachh Bharat Abhiyan |
| C. | Indian Tourism |
| D. | Air India |
| Answer» D. Air India | |
| 21. |
Earth worms are `farmer's friend'. Why? |
| A. | They burrow the soil and thus aerate it |
| B. | They form food for farmers |
| C. | They eat away the microbes in the soil |
| D. | They eat plastic waste |
| Answer» B. They form food for farmers | |
| 22. |
Economic reforms were started in independent India under the supervision of which Prime Minister? |
| A. | Rajiv Gandhi |
| B. | P. V. Narasimha Rao |
| C. | Indira Gandhi |
| D. | Manmohan Singh |
| Answer» C. Indira Gandhi | |
| 23. |
Mineral Policy was declared in Madhya Pradesh in the year |
| A. | 1995 |
| B. | 1999 |
| C. | 2002 |
| D. | 2004 |
| Answer» B. 1999 | |
| 24. |
Match the characteristics with their market structure:a) Expand output until MC = MRb) Elasticity of demand depends on pricing policies of rivals |
| A. | (a) Pure competition, (b) Pure Monopoly |
| B. | (a) Pure Monopoly, (b) Monopolistic competition |
| C. | (a) Pure competition, (b) Oligopoly |
| D. | (a) Monopolistic competition, (b) Oligopoly |
| Answer» E. | |
| 25. |
In January 2019, Prime Minister Narendra Modi inaugurated and laid the foundation stone for several development projects at Silvassa in Dadra and Nagar Haveli. Which of the following is NOT one of them? |
| A. | Door to door waste collection, segregation and processing of solid waste in Dadra and Nagar Haveli digitally |
| B. | New IT policy for Dadra and Nagar Haveli |
| C. | An arts college in Dadra and Nagar Haveli |
| D. | A medical college in Dadra and Nagar Haveli |
| Answer» D. A medical college in Dadra and Nagar Haveli | |
| 26. |
As per 4th Advance Estimates, what is the estimated production of food grains during 2017-18? |
| A. | 275 miilion tonnes |
| B. | 300 miilion tonnes |
| C. | 200 miilion tonnes |
| D. | 250 miilion tonnes |
| E. | 285 million tonnes |
| Answer» F. | |
| 27. |
Fishing comes under which among the following sectors of the economy? |
| A. | Quaternary sector |
| B. | Secondary sector |
| C. | Tertiary sector |
| D. | Primary sector |
| Answer» E. | |
| 28. |
Brent Index is associated with which of the following? |
| A. | crude oil prices |
| B. | copper future prices |
| C. | gold future prices |
| D. | shipping rate index |
| Answer» B. copper future prices | |
| 29. |
Heavy industrialization was introduced in India in the - |
| A. | First Five Year Plan |
| B. | Second Five Year Plan |
| C. | Third Five Year Plan |
| D. | Fourth Five Year Plan |
| Answer» C. Third Five Year Plan | |
| 30. |
Mixed Economy refers to |
| A. | Coexistence of small and large industries |
| B. | Coexistence of agriculture and industry |
| C. | Coexistence of public and private sector |
| D. | Coexistence of domestic and foreign enterprises |
| Answer» D. Coexistence of domestic and foreign enterprises | |
| 31. |
Consider the following liquid assets:1. Demand deposits with the banks2. Time deposits with the banks3. Savings deposits with the banks4. CurrencyThe correct sequence of these assets in the decreasing order of liquidity is |
| A. | 1-4-3-2 |
| B. | 4-3-2-1 |
| C. | 2-3-1-4 |
| D. | 4-1-3-2 |
| Answer» E. | |
| 32. |
For information related to the service of buses under a scheme by the Government of Uttar Pradesh since May 2015, which telephone number by the IVRS system can be contacted? |
| A. | 149 |
| B. | 151 |
| C. | 161 |
| D. | 111 |
| Answer» B. 151 | |
| 33. |
Cultivation of cotton crop comes under which sector of economic activity? |
| A. | Primary sector |
| B. | Secondary sector |
| C. | Tertiary sector |
| D. | None of these |
| Answer» B. Secondary sector | |
| 34. |
Gold is mainly related to |
| A. | Local market |
| B. | National market |
| C. | International market |
| D. | Regional market |
| Answer» D. Regional market | |
| 35. |
Name the country whose currency is not called ‘Rupee’. |
| A. | Nepal |
| B. | Pakistan |
| C. | Sri Lanka |
| D. | Myanmar |
| Answer» E. | |
| 36. |
In which year was the Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance passed? |
| A. | 2017 |
| B. | 2014 |
| C. | 2016 |
| D. | 2020 |
| Answer» E. | |
| 37. |
Growing two or more crops simultaneously on the same field in a definite pattern is known as: |
| A. | Crop rotation |
| B. | Winter cropping |
| C. | Mixed cropping |
| D. | Inter cropping |
| Answer» E. | |
| 38. |
In which of the following products has Bangladesh emerged as the main competitor to India in the world market? |
| A. | Wheat |
| B. | Jute |
| C. | Cement |
| D. | Pharmaceuticals |
| Answer» C. Cement | |
| 39. |
How many languages appear on a new Five Hundred Rupee Note, apart from Hindi and English? |
| A. | 14 |
| B. | 22 |
| C. | 23 |
| D. | 15 |
| Answer» E. | |
| 40. |
As per Section 25 of the Banking Regulation Act, 1949, the assets in India of every banking company at the close of business on the last Friday of every quarter or, if that Friday is a public holiday, at the close of the business on the preceding working day, shall not be less than ______ of its demand and time liabilities in India. |
| A. | 75% |
| B. | 10% |
| C. | 25% |
| D. | 50% |
| Answer» B. 10% | |
| 41. |
GDP – indirect taxes + subsidies = ______ |
| A. | NNP at factor cost |
| B. | GDP at factor cost |
| C. | GNP |
| D. | Personal Income |
| Answer» C. GNP | |
| 42. |
Average income is also called ________. |
| A. | Net National Income |
| B. | Net National Product |
| C. | Per-capita income |
| D. | Total income |
| Answer» D. Total income | |
| 43. |
If another global financial crisis happens in the near future, which of the following actions/ policies are most likely to give some immunity to India?(A) Not depending on short-term foreign borrowings.(B) Opening up to more foreign banks.(C) Maintaining full capital account convertibility.Choose the correct answer using the options given below: |
| A. | (A) only |
| B. | (C) only |
| C. | (A) & (B) only |
| D. | (A), (B) & (C) |
| Answer» B. (C) only | |
| 44. |
According to the budget 2020-21, how much of the following amount has been proposed for nutrition related programs for the financial year 2020-21? |
| A. | Rs. 28,600 Crore |
| B. | Rs. 9,500 Crore |
| C. | Rs. 35,600 Crore |
| D. | Rs. 53,700 Crore |
| Answer» D. Rs. 53,700 Crore | |
| 45. |
An Emerging Market Economy is the one that has both the characteristics of a developed economy and a developing country. It can be classified on the basis of certain ________ factors. |
| A. | Educational |
| B. | Socio-Economic |
| C. | Military |
| D. | Political and governance |
| E. | Both 2 and 3 |
| Answer» C. Military | |
| 46. |
From 4th July 2018 the Minimum Support Price (MSP) during 2018-19 for paddy per quintal is |
| A. | Rs. 1,550 |
| B. | Rs. 1,650 |
| C. | Rs. 1,750 |
| D. | Rs. 1,950 |
| Answer» D. Rs. 1,950 | |
| 47. |
_____ was conceived on the principle of 'one nation, one tax and one market'. |
| A. | ATM cards |
| B. | The Goods and Service Tax |
| C. | Demonetization |
| D. | Salaries of defence personals |
| Answer» C. Demonetization | |
| 48. |
Podu, Beewar, Penda are local names in various parts of India to denote which kind cultivation? |
| A. | Intensive |
| B. | Extensive |
| C. | Shifting |
| D. | Plantation |
| Answer» D. Plantation | |
| 49. |
Goods for which the quantity that a consumer chooses, increases as the consumer's income increases and decreases as the income decreases are called? |
| A. | Inferior goods |
| B. | Normal goods |
| C. | Complementary goods |
| D. | Substitute goods |
| Answer» C. Complementary goods | |
| 50. |
_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling. |
| A. | Law of diminishing marginal product |
| B. | Law of variable proportions |
| C. | The Short Run |
| D. | The Long Run |
| Answer» C. The Short Run | |