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.
| 801. |
Five year plan was introduced in India in which year? |
| A. | 1947 |
| B. | 1955 |
| C. | 1951 |
| D. | 1958 |
| Answer» D. 1958 | |
| 802. |
In which economic system the government decides what goods are to be produced in accordance with the needs of society? |
| A. | Socialist |
| B. | Mixed |
| C. | Capitalist |
| D. | Traditional |
| Answer» B. Mixed | |
| 803. |
Bank rate is said to be _______. |
| A. | the rate charged by the central bank for lending funds to commercial banks |
| B. | the interest on money saved in commercial banks |
| C. | the amount of money supplied by the central bank |
| D. | the rate of profit earned by commercial banks |
| Answer» B. the interest on money saved in commercial banks | |
| 804. |
Critical minimum effort theory was designed by which of the following given economist ? |
| A. | H.Leibenstien |
| B. | Rosenstein Rodan |
| C. | W.W.Rostow |
| D. | None of above |
| Answer» B. Rosenstein Rodan | |
| 805. |
Prices of which of the following commodities are considered in Wholesale Price Index (WPI) ?a. Primary Goodsb. Oilc. Manufactured Goods |
| A. | Only a and c |
| B. | Only a and b |
| C. | Only b |
| D. | All of the above |
| Answer» E. | |
| 806. |
A nationally recognized, well established, and financially sound company that generally sells high quality, widely accepted products and services is called a: |
| A. | Navratna Company |
| B. | Miniratna Company |
| C. | Blue chip Company |
| D. | Star Company |
| Answer» D. Star Company | |
| 807. |
According to the law of demand, if all other items remain the same, then the relation between demand for goods and its value is? |
| A. | Negative |
| B. | No relation |
| C. | Can be positive or negative |
| D. | Positive |
| Answer» B. No relation | |
| 808. |
Literacy rate in India is measured after which age? |
| A. | 5 years and above |
| B. | 7 years and above |
| C. | 9 years and above |
| D. | 11 years and above |
| Answer» C. 9 years and above | |
| 809. |
National Income in India is measured in terms of _________. |
| A. | Net National Product at Factor Cost |
| B. | Gross National Product |
| C. | Net National Product at Market Price |
| D. | Gross Domestic Product |
| Answer» B. Gross National Product | |
| 810. |
Preliminary expenses are the examples of |
| A. | capital expenditure |
| B. | capital gain |
| C. | deferred revenue expenditure |
| D. | revenue expenditure/expense |
| Answer» D. revenue expenditure/expense | |
| 811. |
Among the agricultural commodities imported by India, which one of the following accounts for the highest imports in terms of value in the last five years? |
| A. | Spices |
| B. | Fresh fruits |
| C. | Pulses |
| D. | Vegetable oils |
| Answer» E. | |
| 812. |
If goods A and Z are complements, an increase in the price of good Z will ________ |
| A. | Increase demand for good A |
| B. | Decrease demand for good A |
| C. | Decrease demand for good Z |
| D. | Increase demand for good Z |
| Answer» C. Decrease demand for good Z | |
| 813. |
In which of the following areas is the public sector most dominant in India? |
| A. | Organised term lending financial institutions |
| B. | Transport |
| C. | Commercial Banking |
| D. | Steel production |
| Answer» D. Steel production | |
| 814. |
Match the following :Govt. PolicyYear (A) Information Technology Policy (i) 2000(B) Mineral Policy(ii) 2006(C) Hotel Policy(iii) 2010(D) Industrial and Investment Promotion Policy(iv) 2011 |
| A. | (A) - (ii), (B) - (i), (C) - (iv), (D) - (iii) |
| B. | (A) - (i), (B) - (iv), (C) - (ii), (D) - (iii) |
| C. | (A) - (iii), (B) - (ii), (C) - (i), (D) - (iv) |
| D. | (A) - (iv), (B) - (ii), (C) - (iii), (D) - (i) |
| Answer» C. (A) - (iii), (B) - (ii), (C) - (i), (D) - (iv) | |
| 815. |
Complementary goods have a _______ cross price elasticity. |
| A. | positive |
| B. | negative |
| C. | zero |
| D. | infinite |
| Answer» C. zero | |
| 816. |
A rise in general level of prices may be caused by1. an increase in the money supply2. a decrease in the aggregate level of output3. an increase in the effective demandSelect the correct answer using the codes given below. |
| A. | 1 only |
| B. | 1 and 2 only |
| C. | 2 and 3 only |
| D. | 1, 2 and 3 |
| Answer» E. | |
| 817. |
Government of India had introduced the Consumer Protection Bill, 2015, in the Lok Sabha. The Bill gives the right to consumers to1. Seek redressal against unfair or restrictive trade practice.2. File a complaint about overcharging or deceptive charging.What of the above is/are included in the Bill? |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 or 2 |
| Answer» B. 2 only | |
| 818. |
In which year the rate of growth of India's per capita income at constant prices was the highest during the period 1951 - 52 to 2015 - 16? |
| A. | 2015 - 16 |
| B. | 2010 - 11 |
| C. | 2007 - 08 |
| D. | 2014 - 15 |
| Answer» D. 2014 - 15 | |
| 819. |
If for the year a country’s GDP was $990 million, consumer spending was $630 million, investment by businesses was $110 million, exports were $55 million and imports were $45 million, calculate government spending? |
| A. | $260 million |
| B. | $240 million |
| C. | $480 million |
| D. | $460 million |
| Answer» C. $480 million | |
| 820. |
Green Revolution has been most successful for: |
| A. | wheat |
| B. | rice |
| C. | gram |
| D. | maize |
| Answer» B. rice | |
| 821. |
In India the Repo rate is announced by |
| A. | the Ministry of Finance, Government of India |
| B. | the Prime Minister of India |
| C. | the Reserve Bank of India |
| D. | the president of India |
| Answer» D. the president of India | |
| 822. |
During which five year plan the growth rate of agricultural production was negative? |
| A. | Third Plan |
| B. | Second Plan |
| C. | First Plan |
| D. | No option is correct. |
| Answer» B. Second Plan | |
| 823. |
In economics, if a diagram has a line passing through the origin and has a 45° angle with either axis and it is asserted that along the line, X = Y, what is tacitly assumed? |
| A. | Both variables are pure numbers |
| B. | Both variables are in the same unit |
| C. | Both variables are in different units |
| D. | At least one variable is a pure number |
| Answer» C. Both variables are in different units | |
| 824. |
Palakmati, the first irrigation tank of the erstwhile Bhopal State, is located in- |
| A. | Shahpura |
| B. | Raisen |
| C. | Urmara |
| D. | Bhopal |
| Answer» C. Urmara | |
| 825. |
Globalisation does NOT provide us with: |
| A. | Economic equality |
| B. | Choices of commodities |
| C. | Integration of markets |
| D. | Interconnectedness of countries |
| Answer» B. Choices of commodities | |
| 826. |
In which of the following major States of India, the Gross Enrolment Ratio In Class I-VII during 2014-15 is the least? |
| A. | Bihar |
| B. | Chhattisgarh |
| C. | Odisha |
| D. | Telangana |
| Answer» B. Chhattisgarh | |
| 827. |
If cash reserve ratio decreases, credit creation will ________. |
| A. | Increase |
| B. | Decrease |
| C. | does not change |
| D. | first decreases than increases |
| Answer» B. Decrease | |
| 828. |
In which economic system the goods produced are distributed among people not on the basis of what people need but on the basis of Purchasing Power? |
| A. | Socialist |
| B. | Mixed |
| C. | Capitalist |
| D. | Marxist |
| Answer» D. Marxist | |
| 829. |
'Inclusive Growth' was the objective of which Five Year Plan? |
| A. | Tenth |
| B. | Eleventh |
| C. | Twelfth |
| D. | Ninth |
| Answer» C. Twelfth | |
| 830. |
As per the Budget Estimates of expenditure on major subsidies during 2019-20, the maximum expenditure was likely to be on |
| A. | urea subsidy |
| B. | petroleum subsidy |
| C. | food subsidy |
| D. | fertilizer subsidy |
| Answer» D. fertilizer subsidy | |
| 831. |
Over which of the following produce does the Madhya Pradesh Government have a trade monopoly? |
| A. | Sal Seeds |
| B. | Cotton |
| C. | Teak |
| D. | Wheat |
| Answer» B. Cotton | |
| 832. |
If elasticity of demand is infinity, equilibrium price........no matter supply increases or decreases |
| A. | Increases |
| B. | Remains same |
| C. | Decreases |
| D. | None of the above |
| Answer» C. Decreases | |
| 833. |
As per Central Statistics Office (CSO), which is the present base year of IIP calculations? |
| A. | 2008-09 |
| B. | 2009-10 |
| C. | 2010-11 |
| D. | 2011-12 |
| Answer» E. | |
| 834. |
In which one of the following places was Asia’s first Export Processing Zone (EPZ) set up? |
| A. | Santa Cruz |
| B. | Kandla |
| C. | Cochin |
| D. | Surat |
| Answer» C. Cochin | |
| 835. |
Consider the following statements which are in regards to Uttar Pradesh :1. It is largest milk producer State in the country.2. Maximum potato is cultivated in it in the country.3. It is major producer of sugar cane in the country.4. It has third position in paddy production in the country.Select the correct answer from the codes given below: |
| A. | 1, 2 and 4 |
| B. | 1, 2 and 3 |
| C. | 2, 3 and 4 |
| D. | 1 and 2 only |
| Answer» C. 2, 3 and 4 | |
| 836. |
Customs duty is an instrument of ________. |
| A. | Fiscal policy |
| B. | Monetary policy |
| C. | Trade policy |
| D. | Revenue policy |
| Answer» B. Monetary policy | |
| 837. |
In the Indian economy, _______ are the principal means of transportation. |
| A. | ships |
| B. | bullock carts |
| C. | cycles |
| D. | the railways |
| Answer» E. | |
| 838. |
_______ is the primary sector of the Indian economy. |
| A. | Banking |
| B. | Information and Technology |
| C. | Agriculture |
| D. | Judiciary |
| Answer» D. Judiciary | |
| 839. |
According to the Economic Survey 2020, India has become the _________ largest emerging green bond market in the world. |
| A. | Second |
| B. | Third |
| C. | Fourth |
| D. | Fifth |
| Answer» B. Third | |
| 840. |
Deficit financing means the government borrows money from the ______. |
| A. | International Monetary Fund |
| B. | Ministry of Finance |
| C. | Reserve Bank of India |
| D. | World Trade Organization |
| Answer» D. World Trade Organization | |
| 841. |
If demand curve for camping tents is D = 100000 - 17P and supply curve is S = 50000 + 8P, find the equilibrium Price? |
| A. | Rs. 1000 |
| B. | Rs. 2000 |
| C. | Rs. 4000 |
| D. | Rs. 500 |
| Answer» C. Rs. 4000 | |
| 842. |
In which of the following sectors, 100% FDI in equity in India is NOT permitted as per India’s FDI policy? |
| A. | E-commerce activities |
| B. | Multi-brand product retail trading |
| C. | Wholesale trading |
| D. | Single-brand product retail trading |
| Answer» C. Wholesale trading | |
| 843. |
Fiscal Policy is formulated by ______ in India. |
| A. | Finance Ministry |
| B. | NITI Ayog |
| C. | RBI |
| D. | Different Banks |
| Answer» B. NITI Ayog | |
| 844. |
Investment in public work is known as ________. |
| A. | expenditure |
| B. | current expenditure |
| C. | capital expenditure |
| D. | expenditure and current expenditure both |
| Answer» D. expenditure and current expenditure both | |
| 845. |
Match the following.TheoriesConcepts1. Marxian Theorya. Pay off2. Realist Theoryb. Power3. Gane Theoryc. Class struggle |
| A. | 1-c, 2-b, 3-a |
| B. | 1-b, 2-c, 3-a |
| C. | 1-a, 2-b, 3-c |
| D. | 1-c, 2-a, 3-b |
| Answer» B. 1-b, 2-c, 3-a | |
| 846. |
Inflation in India is measured on which of the following indexes/indicators |
| A. | Cost of Living Index |
| B. | Consumer Price Index |
| C. | Wholesale Price Index |
| D. | Gross Domestic Product |
| Answer» C. Wholesale Price Index | |
| 847. |
Match List - I with List-II and select the correct answer using the codes given below the lists:List – IList – II(A) Growth in Food Production(1)Green Revolution(B) Milk Production(2)Blue Revolution(C) Fisheries(3)White Revolution(D) Fertilizers(4)Grey Revolution |
| A. | A - 1, B - 3, C - 2, D - 4 |
| B. | A - 3, B - 1, C - 4, D - 2 |
| C. | A - 4, B - 2, C - 3, D - 1 |
| D. | A - 3, B - 2, C - 4, D - 1 |
| Answer» B. A - 3, B - 1, C - 4, D - 2 | |
| 848. |
In India, inflation measured by the - |
| A. | Wholesale Price Index Number |
| B. | Consumer Price Index for urban non-manual workers |
| C. | Consumer Price Index for agricultural labourers |
| D. | National Income Deflator |
| Answer» B. Consumer Price Index for urban non-manual workers | |
| 849. |
Match the characteristics with their market structure:(a) MR = MP(b) Elasticity of demand depends on pricing policies of rivals |
| A. | (a) Pure Monopoly, (b) Oligopoly |
| B. | (a) Pure competition, (b) Pure Monopoly |
| C. | (a) Pure competition, (b) Oligopoly |
| D. | (a) Pure Monopoly, (b) Monopolistic competition |
| Answer» D. (a) Pure Monopoly, (b) Monopolistic competition | |
| 850. |
A union whose membership may cover workers employed in many industries, employment and crafts is known as ________. |
| A. | industrial union |
| B. | general union |
| C. | craft union |
| D. | region-cum-industry level union |
| Answer» C. craft union | |