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.
| 601. |
What does S & P 500 relate to? [IAS 2008] |
| A. | Supercomputer |
| B. | A new technique in e-business |
| C. | A new technique in bridge building |
| D. | An index of stocks of large companies |
| Answer» E. | |
| 602. |
Which of the following are not correct assessments of the decades of India's Five-YearPlans? 1. There has been very low capital formation 2. Growth has favoured the better off 3. Production has increased substantially though often falling short of targets 4. The public sector has contributed nothing to economic growth |
| A. | 1 and 4 |
| B. | 2 and 3 |
| C. | 1, 2 and 3 |
| D. | 3 and 4 |
| Answer» B. 2 and 3 | |
| 603. |
Human Development Index assesses the parameter |
| A. | Life Expectancy Index |
| B. | Education Index |
| C. | GNI Index |
| D. | All the three |
| Answer» E. | |
| 604. |
Sickness of small units can be because of the factors: 1. under-utilisation of capacity 2. non-payment by the large firms 3. dependence on borrowed funds 4. lack of management expertise |
| A. | 1, 2 and 3 |
| B. | 2, 3 and 4 |
| C. | 1, 2 and 4 |
| D. | 3 and 4 |
| Answer» D. 3 and 4 | |
| 605. |
The rate of growth of per capita income is equal to: |
| A. | Rate of growth of national income divided by the rate of growth of population |
| B. | Growth in national income divided by the increase in population |
| C. | Rate of growth of national income minus the rate of growth of population |
| D. | Rate of growth of national income |
| Answer» D. Rate of growth of national income | |
| 606. |
EXIM Bank was set-up in : |
| A. | 1980 |
| B. | 1982 |
| C. | 1985 |
| D. | 1986 |
| Answer» C. 1985 | |
| 607. |
Which one of the following is the correct statements?Service tax is a/an [IAS 2006] |
| A. | direct tax levied by the Central Government |
| B. | indirect tax levied by the Central Government |
| C. | direct tax levied by the State Government |
| D. | indirect tax levied by the State Government |
| Answer» C. direct tax levied by the State Government | |
| 608. |
Which one of the following is different from the others from the point of view of ownership? [UP PCS 2011] |
| A. | LIC Policy |
| B. | Bank Fixed Deposit |
| C. | Kisan Vikas Patra |
| D. | Debenture of a Company |
| Answer» B. Bank Fixed Deposit | |
| 609. |
Mixed economy means an economy where [CDS 2009] |
| A. | both agriculture and industry are equally promoted by the state |
| B. | there is co-existence of public sector along with private sector |
| C. | there is importance of small scale industries along with heavy industries |
| D. | economy is controlled by military as well as civilian rulers |
| Answer» C. there is importance of small scale industries along with heavy industries | |
| 610. |
Which one of the following pairs is not correctly matched? [CDS 2008] |
| A. | Hindalco Industries - Novelis |
| B. | Tata Steel - Corus Group |
| C. | Jet Airways - Air Sahara |
| D. | Kingfisher Airlines - MDLR Airlines |
| Answer» E. | |
| 611. |
When was the plan holiday declared? |
| A. | After the third plan |
| B. | After the fourth plan |
| C. | After the fifth plan |
| D. | After the sixth plan |
| Answer» B. After the fourth plan | |
| 612. |
Which of the following Mahatma Gandhi series of currency notes issued by the RBI hasa drawing of the 'Parliament House' depicted on it? [SSC Graduate 2003] |
| A. | Rs. 500 |
| B. | Rs. 100 |
| C. | Rs. 50 |
| D. | Rs. 10 |
| Answer» D. Rs. 10 | |
| 613. |
India had a plan holiday: [CPO AC 2003] |
| A. | after the China-India War of 1962 |
| B. | after the drought of 1966 |
| C. | after the liberation of Bangladesh in 1971 |
| D. | after the India-Pakistan War in 1965 |
| Answer» C. after the liberation of Bangladesh in 1971 | |
| 614. |
With reference to Union Government, which one of the following undertake the country-wide Economic Census? [Asstt Comm 2008] |
| A. | Department of Expenditure |
| B. | The National Sample Organization |
| C. | Planning Commission |
| D. | The Central Statistical Organization |
| Answer» E. | |
| 615. |
Who was the chairman of National Income Committee? |
| A. | P. C. Mahalanobis |
| B. | V.K.R.V. Rao |
| C. | D.R. Gadgil |
| D. | A.M. Khusro |
| Answer» B. V.K.R.V. Rao | |
| 616. |
Which of the following best defines the term 'Letter of Credit' as used frequently inbank transactions? [SBI PO 1991] |
| A. | An order from a bank to another bank abroad authorising the payment of a particular amount to a person named in the letter |
| B. | An unconditional undertaking given by a bank ensuring the payment of a particular amount to the drawee at a given date |
| C. | Letter by a bank to a person stating the terms and conditions of the loan sanctioned to him by the bank |
| D. | Statement showing outstanding"- deposits and credits of a bank for a particular period |
| Answer» D. Statement showing outstanding"- deposits and credits of a bank for a particular period | |
| 617. |
India is a member of which of the following? 1. Asian Development Bank 2. Asia-Pacific Economic Cooperation 3. Colombo Plan 4. Organization for Economic Cooperation and Development (OECD) Select the correct answer using the code given below: [IAS 2008] |
| A. | 1 and 3 only |
| B. | 2 and 4 only |
| C. | 1, 2 and 3 only |
| D. | 1, 2, 3 and 4 |
| Answer» B. 2 and 4 only | |
| 618. |
During which Plan did prices show a decline? |
| A. | First |
| B. | Third |
| C. | Fifth |
| D. | None of the above |
| Answer» B. Third | |
| 619. |
Broad money in India is : |
| A. | M1 |
| B. | M2 |
| C. | M3 |
| D. | M4 |
| Answer» D. M4 | |
| 620. |
The G-8countries include: 1. France 2. Germany 3. Canada 4. Italy 5. Netherlands 6. U.K. 7. U.S. 8. Russia 9. Japan |
| A. | 1,2,3,4,6,7,8,9 |
| B. | 1,2,4,5,6,7,8,9 |
| C. | 1,2,3,4,6,7,8,9 |
| D. | 1,2,3,4,5,6,7,9 |
| Answer» D. 1,2,3,4,5,6,7,9 | |
| 621. |
Which one of the following statements is not correct? [IAS 2005] |
| A. | Rourkela Steel Plant, the first integrated steel plant in the Public Sector of India was set up with the Soviet Union collaboration. |
| B. | Salem Steel Plant is a premier producer of stainless steel in India. |
| C. | Maharashtra Elektrosmelt Ltd. is a subsidiary of the Steel Authority of India Ltd. |
| D. | Visakhapatnam Steel Plant is a unit of the Rashtriya Ispat Nigam Ltd. |
| Answer» B. Salem Steel Plant is a premier producer of stainless steel in India. | |
| 622. |
The Planning Commission was formed on - |
| A. | 26th January 1950 |
| B. | 15th August 1947 |
| C. | 15th March 1950 |
| D. | none |
| Answer» D. none | |
| 623. |
The Five Year Plans of India intend to develop the country industrially through: [NDA 1991] |
| A. | the public sector |
| B. | the private sector |
| C. | the public, private, joint and Cooperative sectors |
| D. | increasing collaboration with non-resident Indians |
| Answer» D. increasing collaboration with non-resident Indians | |
| 624. |
Indicative Planning being pursued in India since the 8th Plan aims at ensuring that: 1. Planning mechanism plays a facilitatory role 2. Planning mechanism brings about a balance between need and supply 3. Planning mechanism concerns itself with optima! utilisation of resources 4. Planning concerns itself with laying down broad directions in which the economy should move Choose the correct answer from: |
| A. | 1, 2 and 4 |
| B. | 1 and 2 |
| C. | 1, 2, 3 and 4 |
| D. | 2, 3 and 4 |
| Answer» D. 2, 3 and 4 | |
| 625. |
Self-reliance in the economic context implies that a country: 1. meets its demands for all goods and services from its domestic production 2. exports some of its goods but does not need to import anything 3. has sufficient foreign exchange reserves to buy all its needs 4. meets its demand for certain vital goods and services from its domestic production |
| A. | 1 and 3 |
| B. | 2 and 4 |
| C. | 1, 2 and 3 |
| D. | 3 and 4 |
| Answer» E. | |
| 626. |
Who among the following are not protected against inflation.? [Railways 1992] |
| A. | Salaried class |
| B. | Industrial workers |
| C. | Pensioners |
| D. | Agricultural farmers |
| Answer» E. | |
| 627. |
Inflation can be contained by: |
| A. | surplus budget |
| B. | increase in taxation |
| C. | reduction in public expenditure |
| D. | all the above |
| Answer» E. | |
| 628. |
Deficit financing creates additional paper currency to fill the gap between expenditureand revenue. This device aims at economic development but if it fails, it generates : [IFS 1990] |
| A. | inflation |
| B. | devaluation |
| C. | deflation |
| D. | demonetization |
| Answer» B. devaluation | |
| 629. |
Consider the following statements: 1. The repo rate is the rate at which other banks borrow from the Reserve Bank of India. 2. A value of 1 for Gini Coefficient in a country implies that there is perfectly equal income for everyone in its population. Which of the statements giver, above is/are correct? [IAS 2007] |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» B. 2 only | |
| 630. |
When the productive capacity of the economic system of a State is inadequate to create sufficient number of jobs, it is called [CDS 2012] |
| A. | seasonal unemployment |
| B. | structural unemployment |
| C. | disguised unemployment |
| D. | cyclical unemployment |
| Answer» C. disguised unemployment | |
| 631. |
Very often we read about the Doha Ministerial Conference 2001 in reference to WTO negotiations. What were the major issues over which nations were of different opinions? [Punjab & Sindh Bank 2011] (A) Providing subsidy to agriculture. (B) Export of patented drugs/medicines by developed nations. (C) Restriction on natural movement of people from one nation to other. |
| A. | Only A |
| B. | Only B |
| C. | Only C |
| D. | Both A and C |
| Answer» B. Only B | |
| 632. |
During the recessionary phase of a business cycle: |
| A. | The natural rate of unemployment will increase dramatically |
| B. | Potential national income will exceed actual national income |
| C. | Actual national income will exceed potential national income |
| D. | The real rate of interest will exceed the nominal rate of interest. |
| Answer» B. Potential national income will exceed actual national income | |
| 633. |
Economic Planning is a subject: [Asstt Grade 1991] |
| A. | in the Union List |
| B. | in the State List |
| C. | in the Concurrent List |
| D. | unspecified in any special list |
| Answer» B. in the State List | |
| 634. |
World Bank is a body: [Asstt Grade 1994] |
| A. | of non-official, generous individuals |
| B. | that controls worldwide foreign exchange operations |
| C. | of major banks operating in different countries |
| D. | that gives aid to developing countries |
| Answer» E. | |
| 635. |
Which one of the following is a driving force influencing the industrial growth of an economy? [Corporation' Bank PO 2011] |
| A. | Economic Factors only |
| B. | Investment only |
| C. | Innovation/Market Base only |
| D. | All (1), (2) & (3) |
| Answer» E. | |
| 636. |
What is the animal on the insignia of the RBI ? [CPO SI 2002] |
| A. | Lion |
| B. | Tiger |
| C. | Panther |
| D. | Elephant |
| Answer» D. Elephant | |
| 637. |
India opted for 'Mixed Economy' in : |
| A. | Framing of the Constitution |
| B. | Second Five Year Plan |
| C. | Industrial Policy of 1948 |
| D. | None of the above |
| Answer» D. None of the above | |
| 638. |
Deficit financing is spending: |
| A. | by getting foreign aid |
| B. | less than what is needed |
| C. | in excess of revenue |
| D. | by borrowing from abroad |
| Answer» D. by borrowing from abroad | |
| 639. |
An underdeveloped economy is generally characterised by : 1. Iow per capita income 2. Iow rate of capital formation 3. Iow dependency figure 4. working force largely in the tertiary sector |
| A. | 1 and 2 |
| B. | 2 and 3 |
| C. | 3 and 4 |
| D. | 1 and 4 |
| Answer» B. 2 and 3 | |
| 640. |
The headquarters of IMF and World Bank are located at : |
| A. | Geneva and Montreal |
| B. | Geneva and Vienna |
| C. | New York and Geneva |
| D. | Both Washington DC |
| Answer» E. | |
| 641. |
When did India become the member of World Trade Organization |
| A. | On 1 January , 1995 |
| B. | On 15 July, 2009 |
| C. | On 1 April 2011 |
| D. | none |
| Answer» B. On 15 July, 2009 | |
| 642. |
Which of the following statements about the Indian Economy is correct? [RBI Grade B Officer 2011] |
| A. | Indian economy is as developed as that of China. |
| B. | About 70% Indians are involved in some type of self-employment and are the owners of some or the other micro or small enterprise. |
| C. | In India, single biggest employment is agriculture and allied activities. |
| D. | About 48% Indian workforce is employed in foreign countries or in organizations assisted by foreign capital. |
| Answer» D. About 48% Indian workforce is employed in foreign countries or in organizations assisted by foreign capital. | |
| 643. |
More than one-third of the crude steel production of the world comes from [UP PCS 2011] |
| A. | China |
| B. | Japan |
| C. | Russia |
| D. | U.S.A. |
| Answer» B. Japan | |
| 644. |
Sector-wise, maximum employment in the public sector is in : |
| A. | electricity, gas and water |
| B. | community, social and personal services |
| C. | finance, insurance and real estate |
| D. | transport, storage and communication |
| Answer» C. finance, insurance and real estate | |
| 645. |
The type of unemployment mostly found in India can be characterised as : |
| A. | structural |
| B. | frictional |
| C. | cyclical |
| D. | disguised |
| Answer» E. | |
| 646. |
According to the law of demand, when: |
| A. | price increases demand decreases |
| B. | price decreases demand decreases |
| C. | price increases demand increases |
| D. | price decreases demand does not change |
| Answer» B. price decreases demand decreases | |
| 647. |
In recent years the capital outlays for the defence service have been: |
| A. | increasing steadily |
| B. | more or less constant |
| C. | going down steeply |
| D. | fluctuating frequently |
| Answer» B. more or less constant | |
| 648. |
Which one of the following programs has been implemented to establish girls’ schools inthe districts having low female literacy rate? |
| A. | Kasturba Gandhi Education Scheme (KGES)l |
| B. | Indira Gandhi Education Scheme (IGES) |
| C. | Mother Teresa Education Scheme (MTES) |
| D. | none |
| Answer» B. Indira Gandhi Education Scheme (IGES) | |
| 649. |
Which one among the following statements is correct? [CDS 2012] |
| A. | Due to border problems, India's trade with China did not register a quantum jump between the years 2001·2010 |
| B. | The stand-off between India and China on Pakistan and Arunachal Pradesh did not let India's trade to grow with China in the years 2001-2010 as much as it grew in the years 1991- 2001 |
| C. | While India-China trade has registered a quantum jump between the years 2001-2010, both the countries have ensured parity of trade |
| D. | In spite of border problems, India's trade with China registered a quantum jump during the years 2001-2010 |
| Answer» E. | |
| 650. |
Which Committee's recommendations are being followed for estimating Poverty Line inIndia? |
| A. | Dutt Committee |
| B. | Chelliah Committee |
| C. | Chakravorty Committee |
| D. | Lakdawala Committee |
| Answer» E. | |