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.
| 751. |
How many villages from Madhya Pradesh have been included in the Climate Smart Village Project of the Union Ministry of Environment, Forest & Climate Change? |
| A. | 50 |
| B. | 90 |
| C. | 80 |
| D. | 60 |
| Answer» E. | |
| 752. |
In which of the following published works did the moral philosopher and political economist Adam Smith propound "the invisible hand"? |
| A. | An Inquiry into the Nature and Causes of the Wealth of Nations |
| B. | The Theory of Moral Sentiments |
| C. | Principles of Economics |
| D. | Das Kapital |
| Answer» B. The Theory of Moral Sentiments | |
| 753. |
According to the finance budget 2020-21, the target of 200 lakh tonnes of fish production by 2022-23 has been set as a part of the: |
| A. | pink economy |
| B. | white economy |
| C. | grey economy |
| D. | blue economy |
| Answer» E. | |
| 754. |
Planned economy in India is based on which system? |
| A. | Capitalist system |
| B. | Traditional system |
| C. | Command system |
| D. | Socialist system |
| Answer» E. | |
| 755. |
In April 2017, the announcement was made to change the Base year for GDP Calculation. The new Base year will be ______. |
| A. | 2011-12 |
| B. | 2015-16 |
| C. | 2017-18 |
| D. | 2016-17 |
| Answer» D. 2016-17 | |
| 756. |
In its emphasis on enhancing human capabilities, which one among the following does NOT figure in the Twelfth Five-Year Plan? |
| A. | Life and longevity |
| B. | Education |
| C. | Delivery of Public Service |
| D. | Skill development |
| Answer» B. Education | |
| 757. |
In Economics, buying an asset in one market and simultaneously selling an identical asset in another market at a higher price is termed as ________. |
| A. | Mortgage |
| B. | Arbitrage |
| C. | Devaluation |
| D. | Depreciation |
| Answer» C. Devaluation | |
| 758. |
Match Column-A with Column-B and select the correct answer using the codes given below.Column-AColumn-Ba. 19551. Export-Import Bank of Indiab. 19642. Industrial Development Bankc. 19823. Industrial Credit and Investmentd. 19874. Board of Industrial and Financial Reconstruction |
| A. | a-1, b-2, c-3, d-4 |
| B. | a-2, b-3, c-1, d-4 |
| C. | a-3, b-2, c-1, d-4 |
| D. | a-4, b-1, c-2, d-3 |
| Answer» D. a-4, b-1, c-2, d-3 | |
| 759. |
According to the Union Budget 2018-19 presented by the Union Finance Minister, the agriculture exports from India have the potential to reach ________ per year as against the current $30 billion per year. |
| A. | $500 billion |
| B. | $100 billion |
| C. | $150 billion |
| D. | $200 billion |
| E. | $350 billion |
| Answer» C. $150 billion | |
| 760. |
Bases of industrial region classification is - |
| A. | Number of Registered units of industries |
| B. | Number of industrial workers |
| C. | Population engaged in tertiary activities |
| D. | All of these |
| Answer» C. Population engaged in tertiary activities | |
| 761. |
A firm will shut down rather than carry on producing in the short run if |
| A. | AR is less than ATC |
| B. | TR is less than TVC |
| C. | MR is less than MC |
| D. | Price is less than AR |
| Answer» C. MR is less than MC | |
| 762. |
Due to which of the followings factor is the Gross National Product always greater than Net National Product? |
| A. | Income Received from Abroad |
| B. | Capital Consumption Allowance |
| C. | Indirect Tax |
| D. | Direct Tax |
| Answer» C. Indirect Tax | |
| 763. |
Consider the following statements about the Second Five-Year Plan:1. It was drafted under the leadership of K. N. Raj.2. It proposed that industries like electricity, railways, steel, machineries and communication could be developed in the public sector.3. The drafters found balancing industry and agriculture very difficult.4. The drafters found balancing industry and agriculture really easy.Which of the statements given above is/are correct? |
| A. | 1 only |
| B. | 1 and 2 |
| C. | 2 and 3 |
| D. | 3 and 4 |
| Answer» D. 3 and 4 | |
| 764. |
In India, how many banks are currently nationalized except the state Bank of India? |
| A. | 25 |
| B. | 24 |
| C. | 20 |
| D. | 11 |
| Answer» E. | |
| 765. |
For how many mandated crops, Minimum Support Price (MSP) is announced by the government? |
| A. | 22 |
| B. | 42 |
| C. | 32 |
| D. | 12 |
| Answer» B. 42 | |
| 766. |
Exchange rates state the value of one currency in terms of other currencies. Which one of the following statements with respect to the exchange rate of currency is correct ? |
| A. | Floating exchange rates are rates in which the Governments interfere by buying or selling their currencies |
| B. | Fixed exchange rates are rates set by Government decisions and Maintained by Government actions. |
| C. | Under the Bretton Woods System, the exchange rates are floated in terms of rise or fall in price of gold. |
| D. | Under the classical gold standard, the exchange rates are fixed in terms of price of dollar. |
| Answer» C. Under the Bretton Woods System, the exchange rates are floated in terms of rise or fall in price of gold. | |
| 767. |
If the RBI decides to adopt an expansionist monetary policy, which of the following would it not do?1. Cut and optimize the Statutory Liquidity Ratio2. Increase the Marginal Standing Facility Rate3. Cut the Bank Rate and Repo RateSelect the correct answer using the code given below: |
| A. | 1 and 2 only |
| B. | 2 only |
| C. | 1 and 3 only |
| D. | 1, 2 and 3 |
| Answer» C. 1 and 3 only | |
| 768. |
In the 'Index of Eight Core Industries', which one of the following is given the highest weight? |
| A. | Coal production |
| B. | Electricity generation |
| C. | Fertilizer production |
| D. | Steel production |
| Answer» C. Fertilizer production | |
| 769. |
In perfect competition a firm maximizes profit by ________. |
| A. | Setting price such that price is equal to or greater than its marginal costs. |
| B. | Setting output such that price equals average total costs. |
| C. | Setting output such that price equals marginal costs. |
| D. | Setting price so that it is greater than marginal cost. |
| Answer» D. Setting price so that it is greater than marginal cost. | |
| 770. |
In which sector the ownership of assets and delivery of services is in the hands of private individuals or companies? |
| A. | Public |
| B. | Private |
| C. | Both Public and Private |
| D. | None of these |
| Answer» C. Both Public and Private | |
| 771. |
'Economic Reforms' were introduced in India in |
| A. | 1989 |
| B. | 1990 |
| C. | 1991 |
| D. | 1992 |
| Answer» D. 1992 | |
| 772. |
Consider the following statements:1. The Standard Mark of Bureau of Indian Standards (BIS) is mandatory for automotive tyres and tubes.2. AGMARK is a quality Certification Mark issued by the Food and Agriculture Organisation (FAO).Which of the statements given above is/are correct? |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» B. 2 only | |
| 773. |
As per the Recycled Plastic Manufacture and Usage Rule 1991, what should be thickness of carry bags ? |
| A. | Less than 10 microns |
| B. | Less than 15 microns |
| C. | Less than 20 microns |
| D. | None of the above |
| Answer» E. | |
| 774. |
Consider the following statements:1. Tax revenue as a percent of GDP of India has steadily increased in the last decade.2. Fiscal deficit as a percent of GDP of India has steadily increased in the last decade.Which of the statements given above is/are correct? |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» E. | |
| 775. |
According to Ricardian theory of rent, Rent is a |
| A. | Economic Surplus |
| B. | Differential Surplus |
| C. | Payment for the use of buildings |
| D. | Payment for the use of land |
| Answer» B. Differential Surplus | |
| 776. |
As per the Economic Survey 2019-20, India aspires to be a 5 trillion dollar economy by which year? |
| A. | 2026 |
| B. | 2030 |
| C. | 2023 |
| D. | 2025 |
| Answer» E. | |
| 777. |
Given below are two statements, one labeled as Assertion (A) and the other as Reason (R):Assertion (A): When the payments made by a country exceeds its receipts from the trade of goods, services, transfer, and net income are called Current Account Deficit (CAD).Reason (R): Current Account Deficit (CAD) occurs when a country exports more goods, services, and capital.Choose the correct answer from the codes given below: |
| A. | Both A and R are true and R is the correct explanation of A |
| B. | Both A and R are true and R is not the correct explanation of A |
| C. | A is true but R is false |
| D. | A is false but R is true |
| Answer» D. A is false but R is true | |
| 778. |
Examine the following statements on 'Smart Cities Mission' of India:A. The mission was launched on August 15,2015.B. The mission aims at strengthening urbaa infrastructure and give a decent quality of life to citizens.C. Shillong, the capital city of Maghalaya has been selected as 100th Smart City of India in the third week of June 2018.D. The total proposed investment in the selected 100 cities under the 'Smart Cities Mission' would be Rs. 2,05,018 crore.Choose the correct answer: |
| A. | B, C & D only |
| B. | A, B & D only |
| C. | C & D only |
| D. | A, b & C only |
| Answer» B. A, B & D only | |
| 779. |
Absolute Poverty means: |
| A. | Poverty in terms of absolute number of people |
| B. | Poverty in terms of the basic minimum calorie requirements |
| C. | Poverty in terms of the prevailing price level |
| D. | Poverty in terms of the absolute level of unemployment |
| Answer» C. Poverty in terms of the prevailing price level | |
| 780. |
NABARD is associated with |
| A. | Industrial development |
| B. | Urban development |
| C. | Rural development |
| D. | Development of railways |
| Answer» D. Development of railways | |
| 781. |
In the year 2017-10 The Per Capita Income (GSDP) of Tamil Nadu was |
| A. | $ 1670 |
| B. | $ 2200 |
| C. | $ 1443 |
| D. | $ 2175 |
| Answer» C. $ 1443 | |
| 782. |
Black Revolution is related to the production of ______. |
| A. | Petroleum |
| B. | Black roses |
| C. | Coal |
| D. | Black grapes |
| Answer» B. Black roses | |
| 783. |
As per the data released by the Income Tax Department in December 2017, how much percent of total population paid income tax in the assessment year 2015-16? |
| A. | 1.7 |
| B. | 5.7 |
| C. | 9.7 |
| D. | 11.7 |
| Answer» B. 5.7 | |
| 784. |
As per the Union Budget 2019-20, Indian economy is on the path to becoming a $5 trillion ecomony by: |
| A. | 2027-28 |
| B. | 2026-27 |
| C. | 2024-25 |
| D. | 2025-26 |
| Answer» D. 2025-26 | |
| 785. |
A new chapter on sustainable development and climate change was first introduced in the Economic Survey of: |
| A. | 2004-05 |
| B. | 2011-12 |
| C. | 2012-13 |
| D. | 2013-14 |
| Answer» C. 2012-13 | |
| 786. |
An economic system combining private and state enterprise is called as _________ |
| A. | Market economy |
| B. | Centrally planned economy |
| C. | Private economy |
| D. | Mixed economy |
| Answer» E. | |
| 787. |
In the first financial year of GST regime in the country concluded recently, list the following states in the descending order of Per Capita Revenue starting with highest to the lowest: |
| A. | Haryana, Maharashtra, Karnataka, Punjab |
| B. | Maharashtra, Haryana, Karnataka, Punjab |
| C. | Maharashtra, Haryana, Punjab, Karnataka |
| D. | Haryana, Punjab, Maharashtra, Karnataka |
| Answer» B. Maharashtra, Haryana, Karnataka, Punjab | |
| 788. |
Match the following: Organisation/Group Head Quarter 1. IMF a. Geneva 2. WTO b. Washington D.C. 3. ADB c. Kathmandu 4. SAARC d. Philippines |
| A. | 1-b, 2-a, 3-c, 4-d |
| B. | 1-c, 2-a, 3-d, 4-b |
| C. | 1-b, 2-c, 3-d, 4-a |
| D. | 1-b, 2-a, 3-d, 4-c |
| Answer» E. | |
| 789. |
In Bihar, during April-June 2018, which sector attracted the highest FDI equity inflows? |
| A. | Service sector |
| B. | Steel industry |
| C. | Processing industry in agriculture |
| D. | Cement industry |
| E. | None of the above/More than one of the above |
| Answer» B. Steel industry | |
| 790. |
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?1. Not depending on short-term foreign borrowings.2. Opening up to more foreign banks.3. Maintaining full capital account convertibility.Select the correct answer using the code given below: |
| A. | 1 only |
| B. | 1 and 2 only |
| C. | 3 only |
| D. | 1, 2 and 3 |
| Answer» B. 1 and 2 only | |
| 791. |
'Manohar Jyoti' Scheme is related to: |
| A. | Free cataract surgery by the Haryana government. |
| B. | Providing a small solar system to needy households. |
| C. | Free boarding school for girls of weaker sections. |
| D. | A permanent fire flame, which is being installed at Kurukshetra. |
| Answer» C. Free boarding school for girls of weaker sections. | |
| 792. |
Match List 1 with List 2 and select the correct answer from the codes given below the lists:List-1 List-2 A. Viticulture1. Vegetable farmingB. Vegeculture2. Fish farmingC. Pisciculture3. Tree farmingD. Olericulture4. Grapes farming |
| A. | A - 1, B - 2, C - 3, D - 4 |
| B. | A - 4, B - 3, C - 2, D - 1 |
| C. | A - 3, B - 2, C - 1, D - 4 |
| D. | A - 4, B - 1, C - 2, D - 3 |
| Answer» E. | |
| 793. |
In how many size-categories urban settlements are classified by the Census of India? |
| A. | 04 |
| B. | 05 |
| C. | 06 |
| D. | 08 |
| Answer» D. 08 | |
| 794. |
In economic terms, which of the following factors determine the 'Individual's demand' of a product/commodity? |
| A. | Price of a commodity |
| B. | Income of the consumer |
| C. | Taste and Preference of consumer |
| D. | All options are correct |
| Answer» E. | |
| 795. |
Match List I with List II and select the correct answer using the code given below the Lists: List I(Paper industry centre) List II(State) A.Kamptee 1.Karnataka B.Rajahmundry2.Maharashtra C.Shahdol3.Andhra Pradesh D.Belagola4.Madhya Pradesh |
| A. | A - 1, B - 4, C - 3, D - 2 |
| B. | A - 2, B - 3, C - 4, D - 1 |
| C. | A - 1, B - 3, C - 4, D - 2 |
| D. | A - 2, B - 4, C - 3, D - 1 |
| Answer» C. A - 1, B - 3, C - 4, D - 2 | |
| 796. |
Planned economic development in India began in ______ with the inception of the First Five Year Plan |
| A. | 1958 |
| B. | 1948 |
| C. | 1951 |
| D. | 1956 |
| Answer» D. 1956 | |
| 797. |
MGNREGA provides legal guarantee for employment at minimum wages to adult members of a household in a financial year for at least |
| A. | 120 days |
| B. | 100 days |
| C. | 90 days |
| D. | 80 days |
| Answer» C. 90 days | |
| 798. |
For internal financing of Five Year Plans, the Government depends on ________. |
| A. | Taxation and public borrowing |
| B. | Taxation, public borrowing and deficit financing |
| C. | Only taxation |
| D. | Public borrowing and deficit financing |
| Answer» C. Only taxation | |
| 799. |
In Maharashtra which of the following rainfall region must have irrigation facility? |
| A. | Less than 75 cm |
| B. | 100 to 200 cm |
| C. | More than 200 cm |
| D. | None of the above |
| Answer» B. 100 to 200 cm | |
| 800. |
Demand curve of a firm under perfect competition is |
| A. | Perfectly elastic (Ed = ∞) |
| B. | Perfectly inelastic (Ed = 0) |
| C. | Relatively elastic (Ed > 1) |
| D. | Relatively inelastic (Ed < 1) |
| Answer» B. Perfectly inelastic (Ed = 0) | |