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.
| 951. |
Match the following:A) Rabii) PaddyB) Kharifii) WatermelonC) Zaidiii) SunshineD) Natural Resourceiv) Wheat |
| A. | A-iii, B-ii, C-iv, D-i |
| B. | A-ii, B-iv, C-i, D-iii |
| C. | A-i, B-iii, C-ii, D-iv |
| D. | A-iv, B-i, C-ii, D-iii |
| Answer» E. | |
| 952. |
Examine the following statements about demonetisation in India:A. Rs. 500 and Rs. 1,000 notes were demonetized by the Government of India in 2016.B. The Central Government announced the demonetisation move on the evening of November 18, 2016C. Declaring the currency notes as not legal tender indicated the demonetisation of those currency notes.Choose the correct answer: |
| A. | A & C only |
| B. | B & C only |
| C. | A, B & C |
| D. | A & B only |
| Answer» B. B & C only | |
| 953. |
In the context of which of the following do you sometimes find the terms 'amber box, blue box and green box' in the news? |
| A. | WTO affairs |
| B. | SAARC affairs |
| C. | UNFCCC affairs |
| D. | India-EU negotiations on FTA |
| Answer» B. SAARC affairs | |
| 954. |
Economic Survey in India is published officially, every year by the ______. |
| A. | Reserve Bank of India |
| B. | Finance Commission of India |
| C. | Ministry of Finance, Government of India |
| D. | Ministry of Industries, Government of India |
| Answer» D. Ministry of Industries, Government of India | |
| 955. |
As per the Census of 2011 which district of India is the most populous? |
| A. | Thane, Maharashtra |
| B. | Gaziabad, Uttar Pradesh |
| C. | Churu, Rajasthan |
| D. | Theni, Tamil Nadu |
| Answer» B. Gaziabad, Uttar Pradesh | |
| 956. |
In which market form, a market or industry is dominated by a few firms? |
| A. | Perfect Competition |
| B. | Monopoly |
| C. | Oligopoly |
| D. | Monopolistic |
| Answer» D. Monopolistic | |
| 957. |
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) guarantees such bank loans to micro and small enterprises which are having: |
| A. | both collateral security and third party guarantee |
| B. | neither collateral security nor third party guarantee |
| C. | third party guarantee but no collateral security |
| D. | collateral security but no third party guarantee |
| Answer» C. third party guarantee but no collateral security | |
| 958. |
A market, in which there are a large number of firms, homogeneous product, infinite elasticity of demand for an individual firm and no control over price by firms, is termed as________. |
| A. | Oligopoly |
| B. | Imperfect competition |
| C. | Monopolistic competition |
| D. | Perfect competition |
| Answer» E. | |
| 959. |
Hyperinflation is when prices skyrocket more than _____a month. |
| A. | 20% |
| B. | 30% |
| C. | 50% |
| D. | 10% |
| Answer» D. 10% | |
| 960. |
Consider the following statements with respect to Consumer Price Index and Wholesale Price Index in India:1. The WPI is calculated for only goods and CPI is calculated for both goods and services. 2. The WPI is published by the Office of the Economic Advisor in the Ministry of Commerce and Industry while the CPI is published by the Central Statistical Office.3. The WPI is published on a weekly basis for primary articles and fuel and power and is published monthly for the rest of the items, whereas the CPI is released on a monthly basis.4. The WPI measures inflation in the initial stages of the supply chain whereas the CPI measure inflation in the later stages of the supply chain.Which among the above given statements are correct? |
| A. | Only 1, 2 and 3 |
| B. | Only 1, 3 and 4 |
| C. | Only 1,2 and 4 |
| D. | All of the above |
| Answer» E. | |
| 961. |
Payment Banks are different from other Commerical Banks in the following ways : |
| A. | These banks only accept deposits. |
| B. | Only provide payments and remittances services. |
| C. | Only distribute third party financial products. |
| D. | Accept deposit, provide payments and remittances services, distribute third party financial products but are not allowed to lend or issue cards. |
| Answer» E. | |
| 962. |
Consider the following statements with reference to sanitation in Budget 2020.1. Rs. 3.6 lakh crore were allocated for Jal Jeevan Mission.2. Rs. 12,300 crore were allocated for Swachh Bharat Mission.Which of the statements given above is/are correct? |
| A. | Only 1 |
| B. | Only 2 |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» D. Neither 1 nor 2 | |
| 963. |
If GDP is greater than GNP for a country then |
| A. | Net factor income earned abroad is positive |
| B. | Net factor income earned abroad is negative |
| C. | Fiscal deficit is positive |
| D. | Fiscal deficit is negative |
| Answer» C. Fiscal deficit is positive | |
| 964. |
In which sector the government owns most of the assets and provides all the services? |
| A. | Public |
| B. | Private |
| C. | Both public & private |
| D. | None of these |
| Answer» B. Private | |
| 965. |
Consider the following statements:1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years.2. The Government does not impose any customs duty in all the imported edible oils as a special case.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 | |
| 966. |
In Chhattisgarh, 'Kisan Shopping Mall' is established in |
| A. | Dhamtari Mandi |
| B. | Kawardha Mandi |
| C. | Rajnandgaon Mandi |
| D. | Durg Mandi |
| Answer» D. Durg Mandi | |
| 967. |
India’s GDP growth in 2017 was: |
| A. | 4.5% |
| B. | 6.6% |
| C. | 11.1% |
| D. | 8.8% |
| Answer» C. 11.1% | |
| 968. |
Cross elasticity of demand is |
| A. | Negative for complementary goods |
| B. | Unitary for inferior goods |
| C. | Negative for substitute goods |
| D. | Positive for inferior goods |
| Answer» B. Unitary for inferior goods | |
| 969. |
Parallel economy emerges due to _________. |
| A. | Tax Estimation |
| B. | Tax Compliance |
| C. | Tax Avoidanc |
| D. | Tax Evasion |
| Answer» E. | |
| 970. |
Project insight is an initiative of |
| A. | Department of Information Technology |
| B. | Department of Customs and Central Excise |
| C. | Income Tax Department |
| D. | ISRO |
| Answer» D. ISRO | |
| 971. |
If the average total cost is Rs. 2400, average variable cost is Rs. 1700 and quantity produced is 75 units, find the total fixed costs of the firm? |
| A. | Rs. 52500 |
| B. | Rs. 127500 |
| C. | Rs. 180000 |
| D. | Rs. 60000 |
| Answer» B. Rs. 127500 | |
| 972. |
Asian Premium is the high price that Asian countries pay to import ________. |
| A. | machinery |
| B. | precious metals |
| C. | mobile phones |
| D. | crude oil |
| Answer» E. | |
| 973. |
In which year did the government of India nationalized 14 major private banks? |
| A. | 1968 |
| B. | 1970 |
| C. | 1969 |
| D. | 1965 |
| Answer» D. 1965 | |
| 974. |
During the financial year 2019-20, from which of the following country was the highest amounts of FDI (foreign direct investment) inflows received by India? |
| A. | Japan |
| B. | Singapore |
| C. | Mauritius |
| D. | UK |
| Answer» C. Mauritius | |
| 975. |
In India, the first "Skill University" was started in which one of the following states? |
| A. | Rajasthan |
| B. | Uttar Pradesh |
| C. | Punjab |
| D. | Haryana |
| Answer» B. Uttar Pradesh | |
| 976. |
Price stabilization fund was established by the Government of India in 2014-15 to regulate the price volatility of commodities like __________. |
| A. | Cotton |
| B. | Sugarcane & Wheat |
| C. | Onion & Potatoes |
| D. | None of the above |
| Answer» D. None of the above | |
| 977. |
_________cropping refers to, growing two or more crops simultaneous on the same piece of land. |
| A. | Simple |
| B. | Complex |
| C. | Mixed |
| D. | Inter |
| Answer» D. Inter | |
| 978. |
Examine the following statements about the resolutions of the meeting of the 'Monetary Policy Committee' of RBI held during June 4-6, 2018:A. The repo rate was increased by 25 basis points to 6.25%B. The reverse repo rate was increased to 6.25%C. The bank rate was fixed at 6.50%Choose the correct answer: |
| A. | C only |
| B. | A & C only |
| C. | A, B & C |
| D. | A & B only |
| Answer» C. A, B & C | |
| 979. |
In which year currency was introduced by the Indian government for the first time? |
| A. | 1861 |
| B. | 1642 |
| C. | 1842 |
| D. | 1742 |
| Answer» B. 1642 | |
| 980. |
Consider the following countries:1. China2. Spain3. India4. RussiaWhich one of the following is the correct ascending order of the above countries in terms of their share of services sector to Gross Value Added (GVA) during the period 2001-2015? |
| A. | 1, 2, 3, 4 |
| B. | 1, 3, 4, 2 |
| C. | 1, 2, 4, 3 |
| D. | 1, 3, 2, 4 |
| Answer» B. 1, 3, 4, 2 | |
| 981. |
Consider the following measures that R.B.I. uses to control inflation in the economy.1. Increase Bank Rate2. Increase Cash Reserve Ratio3. Increase the statutory liquidity Ratio4. Purchase of government securities Select the correct answer from the codes given below.Codes: |
| A. | Only 1 and 2 |
| B. | Only 1, 2 and 3 |
| C. | Only 2, 3 and 4 |
| D. | Only 1, 3 and 4 |
| Answer» C. Only 2, 3 and 4 | |
| 982. |
As per Union Budget 2019-20, Indian economy is globally the ______ largest in Purchasing Power Parity (PPP) terms. |
| A. | fifth |
| B. | second |
| C. | third |
| D. | fourth |
| Answer» D. fourth | |
| 983. |
Dr. Aykroyd's formula is associated with determination of ________. |
| A. | fair wage |
| B. | minimum wage |
| C. | living wage |
| D. | real wage |
| Answer» C. living wage | |
| 984. |
In which one of the following states the meaning of "Torang" is jungle? |
| A. | Odhisha |
| B. | Mizoram |
| C. | Jharkhand |
| D. | Assam |
| Answer» D. Assam | |
| 985. |
In 2019, the Export Credit Guarantee Corporation of India (ECGC) has introduced the Export Credit Insurance Scheme(ECIS) called ______. |
| A. | NIRVIK |
| B. | NIRUKT |
| C. | NIRANKUSH |
| D. | NIRVAY |
| Answer» B. NIRUKT | |
| 986. |
Economic Activities have been majorly divided into how many sectors? |
| A. | One |
| B. | Two |
| C. | Three |
| D. | Four |
| Answer» D. Four | |
| 987. |
As per the Union Budget 2020-21, a Super Senior Citizen with net income up to ₹______ is exempt from Income Tax. |
| A. | 7 lakhs |
| B. | 7.5 lakhs |
| C. | 5 lakhs |
| D. | 5.5 lakhs |
| Answer» D. 5.5 lakhs | |
| 988. |
If price of an article decreases from Rs. 25 to Rs. 20, quantity demanded increases from Q1 units to 1500 units. If price elasticity of demand is -1.25, find Q1? |
| A. | 900 units |
| B. | 1200 units |
| C. | 1800 units |
| D. | 2000 units |
| Answer» C. 1800 units | |
| 989. |
As per the law of variable proportion, when marginal product starts diminishing the behaviour of Total Product would be |
| A. | TP remains constant |
| B. | TP decreases at increasing rate |
| C. | TP decreases at diminishing rate |
| D. | TP increases at a diminishing rate |
| Answer» E. | |
| 990. |
If farmers loan are waived in India, how will it affect the aggregate demand in the economy?1. Private consumption impact via increase in private sector net wealth2. Public sector impact via changes in government expenditure/taxes3. Crowding-out impact via higher borrowings by State Governments4. Crowding-in impact via higher credit availability as bank NPAs fallSelect the correct answer using the code given below: |
| A. | 1, 2 and 3 only |
| B. | 1, 2, 3 and 4 |
| C. | 3 and 4 only |
| D. | 1 and 2 only |
| Answer» C. 3 and 4 only | |
| 991. |
INSPIRE is an ongoing initiative of Government of India for |
| A. | attraction of talent for science and research |
| B. | research advancement through nurturing |
| C. | promoting research among various S & T stakeholders |
| D. | augmenting quality manpower in niche areas of research |
| Answer» B. research advancement through nurturing | |
| 992. |
In economic equilibrium ________ |
| A. | Supply is equal to the demand |
| B. | The surplus is larger than the shortage |
| C. | Elasticity of demand equals elasticity of supply |
| D. | Price elasticity of demand is unity |
| Answer» B. The surplus is larger than the shortage | |
| 993. |
Agriculture, including allied sectors, accounted for ________ percentage of the GDP in 2014-2015 (at constant price 2011-12) |
| A. | 24.0 |
| B. | 18 |
| C. | 11.7 |
| D. | 10.3 |
| Answer» C. 11.7 | |
| 994. |
Dairy Cooperatives in Haryana works as per the following three-tier system:1. Milk Producers Cooperative Societies at the village level2. Milk Producers Cooperative Societies at Block level3. Milk Unions at District level4. State Dairy Federation at the state levelMatch the correct answer |
| A. | 1, 2 and 3 |
| B. | 2, 3 and 4 |
| C. | 1, 3 and 4 |
| D. | 2 and 3 |
| Answer» D. 2 and 3 | |
| 995. |
Assertion A: Equilibrium price of a commodity is the price at which the quantity demanded of the commodity equals the quantity supplied.Reason R: Equilibrium, is the condition, once determined tends to persists in time.Choose the right options: |
| A. | Both A and R are correct and R is the right explanation of A |
| B. | Both A and R are correct and R is NOT the correct explanation of A |
| C. | A is correct and R is not correct |
| D. | Both A and R are incorrect |
| Answer» C. A is correct and R is not correct | |
| 996. |
In the absence of any provision in the partnership agreement, profits and losses are shared by the partners |
| A. | in the ratio of the capital of partners |
| B. | equally |
| C. | in the ratio of loans given by them to the partnership firm |
| D. | in the ratio of the initial capital introduced by the partners |
| Answer» C. in the ratio of loans given by them to the partnership firm | |
| 997. |
Among the following, identify the Direct Taxes.A) Income Tax and Customs DutyB) Income Tax and Corporate TaxC) Corporate Tax and Sales TaxD) Income Tax and Excise Duties |
| A. | A & C |
| B. | B only |
| C. | C & D |
| D. | A only |
| Answer» C. C & D | |
| 998. |
As per the NITI Aayog’s Sustainable Development Goals (SDG) India Index 2019, which state is ranked first? |
| A. | Karnataka |
| B. | Maharashtra |
| C. | Kerala |
| D. | Madhya Pradesh |
| Answer» D. Madhya Pradesh | |
| 999. |
Legacies are generally |
| A. | capitalized and taken to Balance Sheet |
| B. | treated as income |
| C. | treated as expenditure |
| D. | capitalized and taken to Suspense Account |
| Answer» B. treated as income | |
| 1000. |
In which of the following years the Indian Rupee was devalued for the second time ? |
| A. | 1971 |
| B. | 1961 |
| C. | 1997 |
| D. | 1966 |
| Answer» E. | |