MCQOPTIONS
Saved Bookmarks
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.
| 651. |
Consider the following: 1. Market Borrowing 2. Treasury Bills 3. Special Securities to the RBI Which of these is/are components of internal debt of the government? |
| A. | 1 only |
| B. | 1 and 2 |
| C. | 1 and 3 |
| D. | 1, 2 and 3 |
| Answer» E. | |
| 652. |
Which of the following groups suffer the most from inflation? [CPO SI 2003] |
| A. | Debtors |
| B. | Creditors |
| C. | Business class |
| D. | Holders of real assets |
| Answer» C. Business class | |
| 653. |
Consider the following taxes: 1. Corporation Tax 2. Value Added Tax 3. Wealth Tax 4. Import duty Which of these is/are Indirect taxes? |
| A. | 1 only |
| B. | 2 and 4 |
| C. | 1 and 3 |
| D. | 1, 2 and 4 |
| Answer» C. 1 and 3 | |
| 654. |
The best way, a bank can avoid loss is to : |
| A. | lend only to individuals known to the bank |
| B. | accept sound collateral |
| C. | give only short-term loans |
| D. | lend only to bank's old customers |
| Answer» B. accept sound collateral | |
| 655. |
In a country like India, why should an increase of direct taxes be preferred to an increase in indirect taxes? |
| A. | Direct taxes serve the end of Socialism by taking away the excessive wealth from the rich |
| B. | Direct taxes involve the well-off sections of the society while indirect taxes affect the masses |
| C. | It is easy to realise direct taxes and is thus useful in a country troubled by tax evasion |
| D. | All of the above |
| Answer» E. | |
| 656. |
Which of the following is the basis for determining the national income? |
| A. | Total revenue of the State |
| B. | Net profit earned and expenditure incurred by the State |
| C. | Production of goods and services |
| D. | All of the above |
| Answer» D. All of the above | |
| 657. |
Voting rights in the IMF are distributed on the basis of: [CDS 1993] |
| A. | one country, one vote |
| B. | proportion to the share of the income of the country in the world income |
| C. | proportion to contributions given by each country |
| D. | proportion to quota alloted to countries from time to time |
| Answer» E. | |
| 658. |
The Nehru-Mahalanobis strategy of development guided the planning practice in India from the [CDS 2012] |
| A. | First Five-Year Plan to the Sixth Five-Year Plan |
| B. | Fourth Five-Year Plan to the Eighth Five-Year Plan |
| C. | Second Five-Year Plan to the Seventh Five-Year Plan |
| D. | First Five-Year Plan to the Eighth Five-Year Plan |
| Answer» D. First Five-Year Plan to the Eighth Five-Year Plan | |
| 659. |
Indian Railways revenue from: |
| A. | passenger fare |
| B. | freight |
| C. | traffic tax |
| D. | passenger tax |
| Answer» C. traffic tax | |
| 660. |
MODVAT is different from VAT in the sense that: 1. under MODVAT, tax is levied only on value addition while under VAT, excise is imposed on final value and then rebate is given on inputs 2. MODVAT is only at the production stage while VAT extends both to production and distribution stage 3. under MODVAT, excise is levied on final value and then rebate is given on inputs while under VAT, tax is levied only on value addition 4. MODVAT implies rationalization of excise duty only while VAT implies rationalization of excise, sales and turnover taxes etc. also Choose correct answer from: |
| A. | 1, 2 and 4 |
| B. | 1, 3 and 4 |
| C. | 2, 3 and 4 |
| D. | 1, 2, 3 and 4 |
| Answer» D. 1, 2, 3 and 4 | |
| 661. |
The per capita income is obtained by: |
| A. | summing up the income of all the citizens of the country |
| B. | dividing national income by the population |
| C. | estimating the minimum income of individual citizens |
| D. | dividing the total national capital with the profit earned |
| Answer» C. estimating the minimum income of individual citizens | |
| 662. |
The main argument advanced in favour of small scale and cottage industries in India is that: |
| A. | cost of production is low |
| B. | they require small capital investment |
| C. | they advance the goal of equitable distribution of wealth |
| D. | they generate a large volume of employment |
| Answer» E. | |
| 663. |
Economic growth is usually coupled with [CSAT 2011] |
| A. | deflation |
| B. | inflation |
| C. | stagflation |
| D. | hyperinflation |
| Answer» C. stagflation | |
| 664. |
Persons below the poverty line in India are classified as such based on whether: [IAS 1999] |
| A. | they are entitled to a minimum prescribed food basket |
| B. | they get work for a prescribed minimum number of days in a year |
| C. | they belong to agricultural labourer household and the scheduled caste/tribe social group |
| D. | their daily wages fall below the prescribed minimum wages |
| Answer» B. they get work for a prescribed minimum number of days in a year | |
| 665. |
The Minimum Needs Programme aims to: |
| A. | provide means for greater mechanization of agriculture |
| B. | improve the living condition of the poor and also promote their education and health |
| C. | provide necessary resources by way of refinance to primary lenders |
| D. | None of these |
| Answer» C. provide necessary resources by way of refinance to primary lenders | |
| 666. |
Which of the following is incorrect about convertibility? |
| A. | The exchange rate should be determined by the forces of demand and supply of the currency |
| B. | The exchange rate' would indicate the strength of the economy |
| C. | It would discourage black market transactions |
| D. | The RBI will be a direct player now rather than being an indirect one |
| Answer» E. | |
| 667. |
Fiscal deficit in the Union Budget means: [IAS 1994] |
| A. | the difference between current expenditure and current revenue |
| B. | net increase in Union Government's borrowings from the Reserve Bank of India |
| C. | the sum of budgetary deficit and net increase in internal and external borrowings |
| D. | the sum of monetised deficit and budgetary deficit |
| Answer» D. the sum of monetised deficit and budgetary deficit | |
| 668. |
Which among the following sectors received the largest Central plan outlay in the last few Central Government annual budgets? [CDS 2002] |
| A. | Energy |
| B. | Agriculture and allied activities |
| C. | Social Services |
| D. | Communication |
| Answer» B. Agriculture and allied activities | |
| 669. |
Which of the following are under the purview of Industrial Development Bank of India? 1. Unit Trust of India 2. Life Insurance Corporation of India 3. Export-Import Bank 4. State Finance Corporation of India |
| A. | 1, 2 and 3 |
| B. | 2, 3 and 4 |
| C. | 1, 3 and4 |
| D. | 1, 2 and 4 |
| Answer» C. 1, 3 and4 | |
| 670. |
In the short run, a producer continues his production as long as he covers: [Asstt Grade 1992] |
| A. | variable cost |
| B. | fixed cost |
| C. | average cost |
| D. | marginal cost |
| Answer» C. average cost | |
| 671. |
NITI Aayog is the premier ‘Policy Think Tank’ of the Government of India, providing |
| A. | directional and policy inputs |
| B. | Regulatory policy planning |
| C. | Monetary instructions |
| D. | none |
| Answer» B. Regulatory policy planning | |
| 672. |
Which of the following statements regarding wheat production is/a reincorrect? 1. Maximum area under wheat is in Uttar Pradesh 2. Maximum production is in Uttar Pradesh 3. Highest productivity is from Haryana |
| A. | 1 and 3 |
| B. | 2 only |
| C. | 1 and 2 |
| D. | 3 only |
| Answer» E. | |
| 673. |
Infant mortality |
| A. | Defined as the annual number of deaths of infant under 1 year |
| B. | Reflects the availability of primary education, the rights of |
| C. | life expectancy up to age 3. |
| D. | Reflects the availability of hospitals and |
| Answer» B. Reflects the availability of primary education, the rights of | |
| 674. |
With reference to the government's welfare schemes, consider the following statements: 1. Under the Antyodaya Anna Yojana, the food grains are available to the poorest of the poor families at Rs. 2 per kg for wheat and Rs.3 per kg for rice. 2. Under the National Old Age Pension Scheme, the old and destitute are provided Rs. 75 per month as Central Pension, in addition to the amount provided by most State Governmen3. Government of India has allocated 25 kg food grains per below Poverty Line family per month, at less than half the economic cost. Which of these statements are correct? [IAS 2003] |
| A. | 1 and 2 |
| B. | 1 and 3 |
| C. | 2 and 3 |
| D. | 1, 2 and 3 |
| Answer» E. | |
| 675. |
Which of the following states ranks first in terms of the maximum number of agrobased industries? [Bank PO 1993] |
| A. | Gujarat |
| B. | Punjab |
| C. | West Bengal |
| D. | Kerala |
| Answer» C. West Bengal | |
| 676. |
What is the full form of IRDP? |
| A. | Integrated Rural Development Programme |
| B. | Intelligent Rural Development Programme |
| C. | Induced Rural Development Programme |
| D. | None of the above. |
| Answer» B. Intelligent Rural Development Programme | |
| 677. |
Value-added tax is : |
| A. | an ad valorem tax on domestic final consumption collected at all stages between production and the point of final sale |
| B. | an ad valorem tax on final consumption collected at the manufacturing level |
| C. | tax on final consumption collected at the consumption stage |
| D. | a special tax levised by states on products from other states |
| Answer» B. an ad valorem tax on final consumption collected at the manufacturing level | |
| 678. |
Consider the following statements: Full convertibility of the rupee may mean: [IAS 2002] 1. its free float with other international currencies. 2. its direct exchange with any other international currency at any prescribed place inside and outside the country. 3. it acts just like any other international currency. Which of these statements are correct? |
| A. | 1 and 2 |
| B. | 1 and 3 |
| C. | 2 and 3 |
| D. | 1, 2 and 3 |
| Answer» B. 1 and 3 | |
| 679. |
Which of the following groups of states has the largest concentration of rural poor and people living below the poverty line? |
| A. | Karnataka, Maharashtra, Goa |
| B. | Goa, Andhra Pradesh, Maharashtra |
| C. | Tamil Nadu, Kerala, Goa |
| D. | Andhra Pradesh, Karnataka, Tamil Nadu |
| Answer» E. | |
| 680. |
In India, the bank NABARD does not provide refinance to : [CDS 2002] |
| A. | Scheduled Commercial Banks |
| B. | Regional Rural Banks |
| C. | Export-Import Banks |
| D. | State Land Development Banks |
| Answer» D. State Land Development Banks | |
| 681. |
After textiles, India's second important industry is : |
| A. | Sugar |
| B. | Jute |
| C. | Cement |
| D. | Iron and steel |
| Answer» E. | |
| 682. |
The system of value added taxation is applicable to: |
| A. | excise duties |
| B. | income tax |
| C. | estate duty |
| D. | taxes on agricultural income |
| Answer» B. income tax | |
| 683. |
Invisible trade is a trade: [IAS 1992] |
| A. | of government with public institutions |
| B. | of the services like the bank, marine companies and shipping companies |
| C. | of corporate and financial institutions with government |
| D. | of government with other countries |
| Answer» C. of corporate and financial institutions with government | |
| 684. |
In the world of commodity exchanges-the' concept of "A standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price" – is known as [UBI PO 2010] |
| A. | Future contract |
| B. | Forward contract |
| C. | Market contract |
| D. | Standard contract |
| Answer» B. Forward contract | |
| 685. |
In India the co-operative movement was initiated in the sector of : |
| A. | farming |
| B. | consumer goods production |
| C. | agricultural credit |
| D. | marketing of agricultural products |
| Answer» D. marketing of agricultural products | |
| 686. |
Which of the following are definite implications of a fall in inflation? 1. Prices have fallen 2. Prices are increasing more slowly than before 3. Food supply has increased 4. There is industrial stagnation |
| A. | 1 and 3 |
| B. | 1 only |
| C. | 2 only |
| D. | 1, 3 and 4 |
| Answer» D. 1, 3 and 4 | |
| 687. |
CENVAT is associated with: |
| A. | rate of indirect tax |
| B. | rate of income tax |
| C. | rate of direct tax |
| D. | none of the above |
| Answer» B. rate of income tax | |
| 688. |
What is the minimum calorie intake decided by the Planning Commission for rural andurban areas, respectively ? |
| A. | 2400 and 2100 |
| B. | 2100and 2400 |
| C. | 2400 and 2200 |
| D. | 2100 and 2200 |
| Answer» B. 2100and 2400 | |
| 689. |
Which one amongst the following has the largest livestock population in the world? [IAS 2008] |
| A. | Brazil |
| B. | China |
| C. | India |
| D. | USA |
| Answer» D. USA | |
| 690. |
National income refers to: [CPO SI 2002] |
| A. | money value of goods 'and services produced in a country during a year. |
| B. | money value of stocks and shares of a country during a year. |
| C. | money value of capital goods produced by a country during a year. |
| D. | money value of consumer goods produced by a country during a year. |
| Answer» B. money value of stocks and shares of a country during a year. | |
| 691. |
Inflation is caused as a result of: |
| A. | increase in money supply |
| B. | fall in production |
| C. | increase in money supply without a corresponding increase in production |
| D. | decrease in money supply without a corresponding decrease in production |
| Answer» D. decrease in money supply without a corresponding decrease in production | |
| 692. |
The Food For Work programme was renamed as: |
| A. | Rural Landless Employment Guarantee Programme (RLEGP) |
| B. | National Rural Employment Programme (NREP) |
| C. | Jawahar Rozgar Yojana (JRY) |
| D. | Integrated Rural Development Programme (IRDP) |
| Answer» C. Jawahar Rozgar Yojana (JRY) | |
| 693. |
An individual's actual standard of living can be assessed by [SSC Grad 2011] |
| A. | Gross National Income |
| B. | Net National Income |
| C. | Per Capita Income |
| D. | Disposable Personal Income |
| Answer» E. | |
| 694. |
When was cotton textile industry established in Mumbai? |
| A. | 1854 |
| B. | 1855 |
| C. | 1948 |
| D. | 1956 |
| Answer» B. 1855 | |
| 695. |
With reference to India, which one of the following statements is NOT correct? [IAS 2003] |
| A. | IPCL is India's largest petrochemical company |
| B. | RIL is the largest private sector· company in India |
| C. | MTNL is listed on NYSE |
| D. | BSNL is the first telecom service organization in India to launch a nationwide cellular service at one time |
| Answer» B. RIL is the largest private sector· company in India | |
| 696. |
The best means of saving during inflation is to keep: |
| A. | money |
| B. | Government Bonds |
| C. | equity |
| D. | time deposits with Banks |
| Answer» B. Government Bonds | |
| 697. |
A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as: |
| A. | inflation |
| B. | hyper-inflation |
| C. | deflation |
| D. | disinflation |
| Answer» C. deflation | |
| 698. |
Consider the following statements:The price of any currency in international market is decided by the [IAS 1998] 1. World Bank 2. Demand for goods/services provided by the country concerned 3. stability of the government of the concerned country 4. economic potential of the country in question Of these statements: |
| A. | 1, 2, 3 and 4 are correct |
| B. | 2 and 3 are correct |
| C. | 3 and 4 are correct |
| D. | 1 and 4 are correct |
| Answer» C. 3 and 4 are correct | |
| 699. |
Which one of the following is the most important item of non-plan expenditure? |
| A. | Interest payment |
| B. | Defence |
| C. | Fertiliser subsidies |
| D. | Loans to public enterprises |
| Answer» B. Defence | |
| 700. |
Under increasing returns the supply curve is [SSC (10+2) 2010] |
| A. | positively sloped from left to right |
| B. | negatively sloped from left to right |
| C. | parallel to the quantity-axis |
| D. | parallel to the price-axis |
| Answer» B. negatively sloped from left to right | |