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.
| 451. |
The concept of Five Year Plans in India was introduced by |
| A. | Lord Mountbatten |
| B. | Jawaharlal Nehru |
| C. | Indira Gandhi |
| D. | Lal Bahadur Shastri |
| Answer» C. Indira Gandhi | |
| 452. |
A Closed economy means: |
| A. | Money supply is controlled |
| B. | Digital financing take place |
| C. | Neither exports nor imports |
| D. | none |
| Answer» D. none | |
| 453. |
In gross domestic saving by sector of origin, the four sectors in order of importance are: |
| A. | Household Sector, Public Enterprises, Government Sector, Corporate Sector |
| B. | Household Sector, Corporate Sector, Government Sector, Public Enterprises |
| C. | Government Sector, Household Sector, Public Enterprises, Corporate Sector |
| D. | Household Sector, Government Sector, Public Enterprises, Corporate Sector |
| Answer» C. Government Sector, Household Sector, Public Enterprises, Corporate Sector | |
| 454. |
NITI Aayog, was formed via a resolution of the Union Cabinet on |
| A. | 15th August 2017 |
| B. | 17th August 2014 |
| C. | 1st January 2015 |
| D. | none |
| Answer» D. none | |
| 455. |
The central banking functions in India are performed by the: [CPO AC 2003] |
| A. | Central Bank |
| B. | State Bank of India |
| C. | Reserve Bank of India |
| D. | Both (b) and (c) |
| Answer» D. Both (b) and (c) | |
| 456. |
Core industries include: |
| A. | basic industries |
| B. | industries catering to defence requirements |
| C. | critical industries |
| D. | all the above |
| Answer» E. | |
| 457. |
The principal source of revenue to the State Government in India is : |
| A. | Income Tax |
| B. | Sales Tax |
| C. | State Excise Duties |
| D. | Land Revenue |
| Answer» C. State Excise Duties | |
| 458. |
Which one among the following is not true for Special Economic Zones? [CDS 2011] |
| A. | No licence is required for import |
| B. | Manufacturing and service activities are allowed |
| C. | No permission for subcon- tracting |
| D. | No routine examination of cargo for export/import by customs authorities |
| Answer» D. No routine examination of cargo for export/import by customs authorities | |
| 459. |
The main function of the Exim Bank is: |
| A. | to help RBI in the regulation of foreign exchange |
| B. | to prevent unlicensed transaction |
| C. | to promote exports and curtail imports |
| D. | to conserve foreign exchange |
| Answer» D. to conserve foreign exchange | |
| 460. |
One of the reasons for India's occupational structure remaining more or less the same over the years has been that: [IAS 1995] |
| A. | productivity in agriculture has been high enough to induce people to stay with agriculture |
| B. | people are largely unaware of the significance of transition from agriculture to industry for economic development |
| C. | investment pattern has been directed towards capital intensive industries |
| D. | ceilings on land holdings have enabled more people to- own land and hence their preference to stay with agriculture |
| Answer» C. investment pattern has been directed towards capital intensive industries | |
| 461. |
Which of the following can be used for checking inflation temporarily? |
| A. | Increase in wages |
| B. | Decrease in money supply |
| C. | Decrease in taxes |
| D. | None of the above |
| Answer» C. Decrease in taxes | |
| 462. |
What is Laissez-faire? [I. Tax & Central Excise 1989] |
| A. | Mixed economy |
| B. | Controlled economy |
| C. | Non-interference· of Government in economic affairs |
| D. | None of these |
| Answer» D. None of these | |
| 463. |
The measure of a worker's real wage is : [CPO SI 2002] |
| A. | the change in his productivity over a given time |
| B. | his earning after deduction at source |
| C. | his daily earnings |
| D. | the purchasing power of his earnings |
| Answer» E. | |
| 464. |
The Securities and Exchange Board of India has been set up to : 1. protect the interests of investors 2. to regulate the activities of brokers in the stock market 3. to ensure transparency in operation in the stock market. 4. to encourage a healthy growth of the stock market Choose your answer from: |
| A. | 1 and 2 |
| B. | 1, 2 and 4 |
| C. | 1, 2 and 3 |
| D. | 1, 2, 3 and 4 |
| Answer» E. | |
| 465. |
The core sector includes:I. Coal II. Power III. Petroleum IV. Soaps and Detergent |
| A. | I and II |
| B. | I, II and III |
| C. | I |
| D. | II and III |
| Answer» C. I | |
| 466. |
A Scheduled Bank is one which is included in the: [CPO SI 2002] |
| A. | II Schedule of Banking Regulation Act |
| B. | II Schedule of Constitution |
| C. | II Schedule of Reserve Bank of India Act |
| D. | None of the above |
| Answer» B. II Schedule of Constitution | |
| 467. |
The budget broadly comprises: (i) revenue budget, and (li) capital budget. Which of thefollowing item or items is/are not covered under the revenue budget? I. Different proceeds of taxes and other duties levied by the government II. Interest and dividend on investments made by the government III. Expenditure on running government and various services IV. Market loans raised by the government |
| A. | III and IV |
| B. | II and III |
| C. | only II |
| D. | only IV |
| Answer» E. | |
| 468. |
Consider the following statements: [CDS 2002] 1. The Ministry of External Affairs is in-charge of monetary policy in India. 2. The. Ministry of External Affairs is in-charge of foreign exchange rate determination in India. 3. The Ministry of Commerce puts forward the Export-Import Policy in India. 4. The Planning Commission prepares the Annual Budget of the Government Which of the statements is/are correct ? |
| A. | 1, 2, and 3 |
| B. | 2 only |
| C. | 3 only |
| D. | 2 and 4 |
| Answer» D. 2 and 4 | |
| 469. |
is below the income that secures the bare essentials of food, clothing, |
| A. | Income inequality. |
| B. | Absolute poverty. |
| C. | Sen’s poverty index. |
| D. | Purchasing-power poverty. |
| Answer» C. Sen’s poverty index. | |
| 470. |
Regarding the International Monetary Fund, which one of the following statements is correct? [CSAT 2011] |
| A. | It can grant loans to any country |
| B. | It can grant loans to only developed countries |
| C. | It grants loans to only member countries |
| D. | It can grant loans to the central bank of a country |
| Answer» D. It can grant loans to the central bank of a country | |
| 471. |
Tax collection of Central govt. was lowest as compare to G.D.P., in which of thefollowing year? |
| A. | 1999-2000 |
| B. | 2000-2001 |
| C. | 2001-2002 |
| D. | 2002-2003 |
| Answer» B. 2000-2001 | |
| 472. |
The special paper required for printing of currency notes by the Security Presses In the country is manufactured at : |
| A. | Hyderabad |
| B. | Kolkata |
| C. | Hoshangabad |
| D. | Dewas |
| Answer» D. Dewas | |
| 473. |
Rolling plan was designed for the period: [IAS 2003] |
| A. | 1978-83 |
| B. | 1980-85 |
| C. | 1985-90 |
| D. | 1974-97 |
| Answer» B. 1980-85 | |
| 474. |
Consider the following statements: Regional disparities in India are high and have been rising in recent years because: 1. There is persistent investment over time only in Select locales 2. Some areas are agro climatically less conducive to development 3. Some are as continue to face little or no aqrarian transformation and the consequent lack of social and economic opportunities 4. Some areas have faced continuous political instability. Which of the above statements are correct? |
| A. | 1, 2 and 3 |
| B. | 1, 2 and 4 |
| C. | 1, 3 and 4 |
| D. | 2, 3 and 4 |
| Answer» B. 1, 2 and 4 | |
| 475. |
The Planning Commission was dissolved on |
| A. | 15th August 2017 |
| B. | 17th August 2014 |
| C. | 26th January 2015 |
| D. | none |
| Answer» C. 26th January 2015 | |
| 476. |
Which is the Indian state with the highest number of powerlooms? |
| A. | Gujarat |
| B. | Madhya Pradesh |
| C. | Maharashtra |
| D. | Tamil Nadu |
| Answer» D. Tamil Nadu | |
| 477. |
Consider the following statements: 1. The agreement on South Asian Free Trade Area (SAFTA)came into effect from 1st December, 2005. 2. As per SAFTA agreement terms, India, Pakistan and Sri Lanka have to decrease their custom duties to the level of 0 to 5 percent by the year 2013. Which of the statements given above is/are correct? [IAS 2006] |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1nor 2 |
| Answer» E. | |
| 478. |
Which of the following is/are treated as artificial currency? [IAS 2010] |
| A. | ADR |
| B. | GDR |
| C. | SDR |
| D. | Both ADR and SDR |
| Answer» D. Both ADR and SDR | |
| 479. |
Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India ? [IAS 2007] |
| A. | Services-Industry-Agriculture |
| B. | Services-Agriculture-Industry |
| C. | Industry-Services-Agriculture |
| D. | Industry-Agriculture-Services |
| Answer» B. Services-Agriculture-Industry | |
| 480. |
Which organisation promotes the foreign trade? [UP PCS 2011] |
| A. | ECGC |
| B. | MMTC |
| C. | STC |
| D. | All of these |
| Answer» E. | |
| 481. |
In India GDP is higher than GNP because country's: |
| A. | import > export |
| B. | capital inflow > capital outflow |
| C. | net factor income is negative |
| D. | Govt. expenditure is more than it's income |
| Answer» B. capital inflow > capital outflow | |
| 482. |
NAFED is concerned with: 1. promotion of inter-state and export trade of farm produce 2. import of foodgrains for buffer stocking and public distribution 3. marketing of eggs and poultry' at national level 4. movement of consumer goods from surplus areas to scarcity areas |
| A. | 1 and 2 |
| B. | 1, 2 and 3 |
| C. | 3 and 4 |
| D. | 1, 3 and 4 |
| Answer» E. | |
| 483. |
Which one of the following Public Sector banks' emblem figures a dog and the words 'faithful, friendly' in it ? [CDS 2010] |
| A. | Punjab National Bank |
| B. | Syndicate Bank |
| C. | Oriental Bank of Commerce |
| D. | State Bank of India |
| Answer» C. Oriental Bank of Commerce | |
| 484. |
Which of the following is NOT a function of the Planning Commission of India? [RBI Grade B Officer 2011] |
| A. | Assessment of the material, capital and human resources of the country |
| B. | Formulation of plans for the most effective and balanced utilization of country's resources |
| C. | Public cooperation in national development |
| D. | Preparation of annual budget of the country and collection of taxes to raise capital for the implementation of the plans |
| Answer» E. | |
| 485. |
Consider the following statements: [IAS 2004] 1. The highest deciding body for planning in India is the Planning Commission of India. 2. The Secretary of the Planning Commission of India is also the Secretary of National Development Council 3. The Constitution includes economic and social planning in the Concurrent List in the Seventh Schedule of the Constitution of India. Which of the statements given above is/are correct? |
| A. | 1 and 2 |
| B. | 2 only |
| C. | 2 and 3 |
| D. | 3 only |
| Answer» C. 2 and 3 | |
| 486. |
In 1921, the Presidency Banks of Bengal, Madras and Bombay were nationalised to give birth to: |
| A. | Punjab National Bank |
| B. | Syndicate Bank |
| C. | State Bank of India |
| D. | Punjab and Sindh Bank |
| Answer» D. Punjab and Sindh Bank | |
| 487. |
Gross National Income is always more than Net National Income because it includes: |
| A. | foreign income |
| B. | capital consumption allowance |
| C. | indirect taxes |
| D. | direct taxes |
| Answer» C. indirect taxes | |
| 488. |
After agriculture, --------------provides highest employment to the local & neighborhoodresidents. |
| A. | Cottage Industry |
| B. | Rural Industry |
| C. | Small scale sector |
| D. | none |
| Answer» D. none | |
| 489. |
India's wage policy is based on : [Railways 1994] |
| A. | cost of living |
| B. | standard of living |
| C. | productivity |
| D. | None of the above |
| Answer» B. standard of living | |
| 490. |
Regional rural banks: 1. have limited area of operation 2. have free access to liberal refinance facilities from NABARD 3. are required to lend only to weaker sections |
| A. | 1 and 3 |
| B. | 2 and 3 |
| C. | 1, 2 and 3 |
| D. | 1 and 2 |
| Answer» D. 1 and 2 | |
| 491. |
Which of the following statements regarding Indian agriculture is correct? |
| A. | It contributes nearly 25 per cent of the GDP |
| B. | India has the least area in the world under pulse crops |
| C. | The share of foodgrains in gross cropped area has increased since independence |
| D. | Agriculture accounts for twenty per cent of India's exports |
| Answer» B. India has the least area in the world under pulse crops | |
| 492. |
Which of the following governmental steps has proved relatively effective in controlling the double digit rate of inflation in the Indian economy during recent years? |
| A. | Containing budgetory deficits and unproductive expenditure |
| B. | Streamlined public distribution system |
| C. | Enhanced rate of production of all consumer goods |
| D. | Pursuing an export-oriented strategy |
| Answer» B. Streamlined public distribution system | |
| 493. |
Which industry earns the second highest, net foreign exchange from the trade? |
| A. | Gems and ornaments |
| B. | Textile industry |
| C. | Steel industry |
| D. | Engineering goods industry |
| Answer» E. | |
| 494. |
Which of the following constitute short-term sources of finance for small scaleindustries? 1. Private money lenders 2. Loans by commercial banks 3. Credit Guarantee schemes 4. National Small Industries Corporation |
| A. | 1, 2 and 3 |
| B. | 1 only |
| C. | 1, 2 and 4 |
| D. | 1, 2, 3 and 4 |
| Answer» B. 1 only | |
| 495. |
Who is called the 'Father of Economics' ? |
| A. | Max Muller |
| B. | Karl Marx |
| C. | Adam Smith |
| D. | None of these |
| Answer» D. None of these | |
| 496. |
Since independence, both development and non-development expenditures have Increased, the increase in the former being a little more than in the other. Non development expenditure involves: 1. interest payment 2. subsidies 3. defence 4. irrigation |
| A. | 1 and 2 |
| B. | 1 only |
| C. | 1, 2 and 3 |
| D. | 2, 3 and 4 |
| Answer» D. 2, 3 and 4 | |
| 497. |
An essential attribute of inflation is: |
| A. | fall in production |
| B. | increase in prices |
| C. | absence of black market |
| D. | presence of black market |
| Answer» C. absence of black market | |
| 498. |
Which of the following organisations in India is mainly' working to meet the credit needs of all types of agricultural and rural development activities? |
| A. | FCI |
| B. | IDBI |
| C. | NABARD |
| D. | ICAR |
| Answer» D. ICAR | |
| 499. |
The decentralisation system was recommended by : |
| A. | C.Rajagopalachari |
| B. | J.B. Kripalan |
| C. | Balwant Rai Mehta |
| D. | Ashok Mehta |
| Answer» D. Ashok Mehta | |
| 500. |
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 above action/actions can help in reducing the current account deficit? [CSAT 2011] |
| A. | 1 and 2 |
| B. | 2 and 3 |
| C. | 3 only |
| D. | 1 and 3 |
| Answer» E. | |