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.
| 1001. |
In ________ economies, all productive resources are owned and controlled by the government. |
| A. | mixed |
| B. | dual |
| C. | socialist |
| D. | capitalist |
| Answer» D. capitalist | |
| 1002. |
How many Navratnas CPSEs (Central Public Sector Enterprises) are there in India? |
| A. | 14 |
| B. | 17 |
| C. | 18 |
| D. | 21 |
| Answer» B. 17 | |
| 1003. |
Examine the following statements:(a) Integrated Goods and Services Tax (IGST) would be levied by the central government and collected by the state government on iter-state supply of goods and services.(b) GST council was created as per the Article 279A of the amended Constitution of India.(c) Telangana was the first state that passed the GST Bill in IndiaChoose the correct answer: |
| A. | (a) and (b) only |
| B. | (b) and (c) only |
| C. | (a) and (c) only |
| D. | (a),(b) and (c) |
| Answer» C. (a) and (c) only | |
| 1004. |
India’s foreign reserves does NOT consist of which of the following? |
| A. | Gold |
| B. | Carbon Bonds |
| C. | Special Drawing Rights (SDR) |
| D. | Reserve Tranche Position (RTP) |
| Answer» C. Special Drawing Rights (SDR) | |
| 1005. |
In January 2019, the Union Cabinet headed by Prime Minister Narendra Modi approved a capital infusion of Rs. _______ in state-owned Export-Import Bank of India (EXIM Bank) to expand its business. |
| A. | 6,000 crore |
| B. | 4,000 crore |
| C. | 9,000 crore |
| D. | 2,000 crore |
| Answer» B. 4,000 crore | |
| 1006. |
Grey revolution is related to ______. |
| A. | leather |
| B. | silk |
| C. | fish |
| D. | fertilizers |
| Answer» E. | |
| 1007. |
Jharkhand has become the first state to introduce direct benefit transfer in which commodity? |
| A. | Sugar |
| B. | Pulses |
| C. | Edible oil |
| D. | Kerosene oil |
| Answer» E. | |
| 1008. |
As mentioned in the Andhra Pradesh Budget 2017-18, how many Self-help groups were organized by SERP ? |
| A. | 6 lakh |
| B. | 7 lakh |
| C. | 8 lakh |
| D. | 9 lakh |
| Answer» C. 8 lakh | |
| 1009. |
In which of the following years the Board for Industrial and Financial Reconstruction (BIFR) came into existence ? |
| A. | 1987 |
| B. | 1989 |
| C. | 1993 |
| D. | 1994 |
| Answer» B. 1989 | |
| 1010. |
In India, the value of output from livestock sector was about ________ percentage of the value of the output from total agriculture and allied sector in 2015 - 16. |
| A. | 18 |
| B. | 20 |
| C. | 29 |
| D. | 38 |
| Answer» D. 38 | |
| 1011. |
eBiz is one of the integrated services projects and part of the 31 Mission Mode Projects (MMPs) under the National e-Governance Plan of the Government of India. eBiz is being implemented under the guidance and aegis of the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry by |
| A. | Tata Consultancy Services |
| B. | Infosys Technologies Limited |
| C. | Wipro |
| D. | HCL Technologies |
| Answer» C. Wipro | |
| 1012. |
In the context of Indian digital economy, what does 'JAM' stands for? |
| A. | Join, Authenticate and Monetize |
| B. | Jan Dhan, Aam Aadmi Bima and Mudra |
| C. | Jan Ganana, Aadhar and Mudra |
| D. | Jan Dhan, Aadhar and Mobile |
| Answer» E. | |
| 1013. |
Focus of last three annual plans for the employment generation in Rajasthan is on: |
| A. | Primary sector |
| B. | Skill development |
| C. | IT Sector |
| D. | Construction of roads |
| Answer» C. IT Sector | |
| 1014. |
AGMARK is related to |
| A. | Industry |
| B. | the Indian Railways |
| C. | agriculture goods |
| D. | agricultural finance |
| Answer» D. agricultural finance | |
| 1015. |
Blue Revolution refers to the great increase in which economic activity? |
| A. | Fertilizers |
| B. | Dairy |
| C. | Commercial farming |
| D. | Aquaculture |
| Answer» E. | |
| 1016. |
Many workers have lost their jobs due to the installation of computers which they do not know how to operate. This has caused |
| A. | Frictional unemployment |
| B. | Voluntary unemployment |
| C. | Cyclical unemployment |
| D. | Structural Unemployment |
| Answer» E. | |
| 1017. |
________ of an input is defined as the change in output per unit of change in the input when all other inputs are held constant. |
| A. | Marginal product |
| B. | Production function |
| C. | Total product |
| D. | Average product |
| Answer» B. Production function | |
| 1018. |
How is the Net National Product calculated? |
| A. | NNP = GNP - Depreciation |
| B. | NNP = GDP - Taxes |
| C. | NNP = GNP + Taxes |
| D. | NNP = GNP + Depreciation |
| Answer» B. NNP = GDP - Taxes | |
| 1019. |
Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R).Assertion (A): The labour force participation rate is falling sharply in recent years for females in India.Reason (R): The decline in labour force participation rate is due to the improved family income and an increase in education.Select the correct answer from codes given below:Codes: |
| 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 | |
| 1020. |
________ made announcement of demonetization on 8th November, 2016. |
| A. | Sonia Gandhi |
| B. | Narendra Modi |
| C. | Pranab Mukherjee |
| D. | Rahul Gandhi |
| Answer» C. Pranab Mukherjee | |
| 1021. |
Cheap Money refers to ____________ |
| A. | Low rate of interest |
| B. | Low level of savings |
| C. | Low level of income |
| D. | Low living standard |
| Answer» B. Low level of savings | |
| 1022. |
If price of an article decreases from Rs. 800 to Rs. 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is - 1.333 find Q1? |
| A. | 80 units |
| B. | 90 units |
| C. | 60 units |
| D. | 50 units |
| Answer» D. 50 units | |
| 1023. |
In the context of Indian economy, 'Open Market Operations' refers to |
| A. | borrowing by scheduled banks from the RBI |
| B. | lending by commercial banks to industry and trade |
| C. | purchase and sale of government securities by the RBI |
| D. | None of the above |
| Answer» D. None of the above | |
| 1024. |
Gross fiscal deficit is ________. |
| A. | Total expenditure + (Revenue receipts – Non-debt creating capital receipts) |
| B. | Total expenditure – (Revenue receipts + Non-debt creating capital receipts) |
| C. | Total expenditure – (Revenue receipts – Non-debt creating capital receipts) |
| D. | Total expenditure + (Revenue receipts + Non-debt creating capital receipts) |
| Answer» C. Total expenditure – (Revenue receipts – Non-debt creating capital receipts) | |
| 1025. |
"Absence of minimum income to get the minimum needs of life" is concerned with which of the following types of poverty ? |
| A. | Absolute poverty |
| B. | Relative poverty |
| C. | Both the above |
| D. | None of the above |
| Answer» B. Relative poverty | |
| 1026. |
DBT is the abbreviation of |
| A. | Demand By Trade |
| B. | Direct Benefit Transfer |
| C. | Direct Bank Transfer |
| D. | Deduct By Transaction |
| Answer» C. Direct Bank Transfer | |
| 1027. |
Consider the following important sources of tax revenue for the Central Government :I. Corporation taxII. Taxes on income other than corporation taxIII. CustomsIV. Union excise dutiesWhich one of the following is the correct descending order in terms of gross tax revenue? |
| A. | I-II-IV-III |
| B. | I-II-III-IV |
| C. | III-I-II-IV |
| D. | II-III-I-IV |
| Answer» B. I-II-III-IV | |
| 1028. |
In recent years which among the following countries has been the largest source of foreign investment in India ? |
| A. | Australia |
| B. | Japan |
| C. | China |
| D. | Mauritius |
| Answer» E. | |
| 1029. |
In economics, IPO stands for ______. |
| A. | Initial Public Offering |
| B. | Indented Performance Objective |
| C. | Inclusive Property Offer |
| D. | Inventory Performance Output |
| Answer» B. Indented Performance Objective | |
| 1030. |
Generally, people engaged in which activity face seasonal and disguised unemployment? |
| A. | Service |
| B. | Agriculture |
| C. | Manufacturing |
| D. | Construction |
| Answer» C. Manufacturing | |
| 1031. |
In India, the inflation is measured through the |
| A. | Cost of living index |
| B. | Gross domestic product index |
| C. | Consumer price index |
| D. | Wholesale price index |
| Answer» E. | |
| 1032. |
Fishbone diagram is also known as ___________. |
| A. | Cause-and-effect diagram |
| B. | Stratification |
| C. | Pareto chart |
| D. | Histogram |
| E. | Balance chart |
| Answer» B. Stratification | |
| 1033. |
'Bihar Economics Survey', for the first time, was published for the financial year- |
| A. | 2004-05 |
| B. | 2006-07 |
| C. | 2008-09 |
| D. | 2009-10 |
| E. | None of the above/More than one of the above |
| Answer» C. 2008-09 | |
| 1034. |
If the _______ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero. |
| A. | Perfect Competition |
| B. | Monopoly |
| C. | Oligopoly |
| D. | Monopolistic Competition |
| Answer» C. Oligopoly | |
| 1035. |
Belief in the primary importance of the self, the virtues of self-reliance and personal independence is referred to as _______ in Economics. |
| A. | Federalism |
| B. | Frugalism |
| C. | Capitalism |
| D. | Individualism |
| Answer» E. | |
| 1036. |
How many national five year plans have been introduced so far? |
| A. | 7 |
| B. | 5 |
| C. | 4 |
| D. | 12 |
| Answer» E. | |
| 1037. |
Match the following:CountryCurrencyBangladeshNagultrumMyanmarRufiyaaMaldivesTakaBhutanKyat |
| A. | 1-d, 2-c, 3-a, 4-b |
| B. | 1-b, 2-d, 3-a, 4-c |
| C. | 1-c, 2-d, 3-b, 4-a |
| D. | 1-c, 2-d, 3-a, 4-b |
| Answer» D. 1-c, 2-d, 3-a, 4-b | |
| 1038. |
As per the Budget Estimates of 2019-20, the following are some of the important sources of tax receipts for the Union Government :1. Corporation Tax2. Taxes on Income other than Corporation Tax3. Goods and Services Tax4. Union Excise DutiesWhich one of the following is the correct descending order of the aforesaid tax receipts as a· percentage of GDP? |
| A. | I, 2, 3, 4 |
| B. | 1, 3, 2, 4 |
| C. | 3, 2, 1, 4 |
| D. | 2, 4, 3, 1 |
| Answer» C. 3, 2, 1, 4 | |
| 1039. |
Insure payment of minimum wages for tea leave pickers _________. |
| A. | will improve quality of tea. |
| B. | will reduce unemployment of tea leave pickeRs. |
| C. | decreases unemployment. |
| D. | will increase picking cost for all tea companies. |
| Answer» E. | |
| 1040. |
A word, symbol, name, or device that a business uses to identify its goods and distinguish itself from others is called a |
| A. | Trade Mark |
| B. | Trade Secret |
| C. | Asset |
| D. | None of the above |
| Answer» B. Trade Secret | |
| 1041. |
During which year was the annual average growth rate (at constant prices) of agriculture and allied sectors negative? |
| A. | 2002-03 |
| B. | 2003-04 |
| C. | 2005-06 |
| D. | 2006-07 |
| Answer» B. 2003-04 | |
| 1042. |
_____ is a situation of the very low rate of interest in the economy where every economic agent expects the interest rate to rise in future and consequently bond prices to fall, causing capital loss. |
| A. | Revenue deficit |
| B. | Parametric shift |
| C. | Paradox of thrift |
| D. | Liquidity trap |
| Answer» E. | |
| 1043. |
According to the Land Acquisition Act (Land Acquisition, Rehabilitation and Resettlement), 2013, governments can acquire land forA) Strategic purposeB) Projects for Families Affected by ProjectsC) For public-private partnership projects, where government ownership of land will remain with the government. |
| A. | A and B |
| B. | B and C |
| C. | A and C |
| D. | A, B and C |
| Answer» B. B and C | |
| 1044. |
Goods and Services Tax likely to be levied in India is not a |
| A. | Gross value tax |
| B. | Value-added tax |
| C. | Consumption tax |
| D. | Destination-based tax |
| Answer» B. Value-added tax | |
| 1045. |
In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals. |
| A. | Supply |
| B. | Demand |
| C. | Price |
| D. | Stock Market |
| Answer» D. Stock Market | |
| 1046. |
Muga silk is associated to which of the following states of India? |
| A. | Arunachal Pradesh |
| B. | Bihar |
| C. | Maharashtra |
| D. | Assam |
| Answer» E. | |
| 1047. |
A country is said to be in a dept trap if _________. |
| A. | It has to abide by the conditionalities imposed by the International Monetary Fund |
| B. | It has to borrow to make interest payments on outstanding loans |
| C. | It has been refused loans or aid by creditors abroad |
| D. | The World Bank charges a very high rate of interest on outstanding & new loans |
| Answer» C. It has been refused loans or aid by creditors abroad | |
| 1048. |
Match List - I with List - II and select the correct answer using the codes given below the lists:List – I(Industrial Region)List – II(Country)(A) Kinki(i) China(B) Canton(ii) Japan(C) Lorraine(iii) Brazil(D) Belohorizontle(iv) France |
| A. | (A) - (2), (B) - (1), (C) - (4), (D) - (3) |
| B. | (A) - (2), (B) - (1), (C) - (3), (D) - (4) |
| C. | (A) - (3), (B) - (2), (C) - (1), (D) - (4) |
| D. | (A) - (4), (B) - (3), (C) - (2), (D) - (1) |
| Answer» B. (A) - (2), (B) - (1), (C) - (3), (D) - (4) | |
| 1049. |
Examine the following statements:A. Dr. V.K.R.V Rao was the first person to estimate national income in India before independence.B. Soon after independence, the central government appointed the 'National Income Committee' to estimate national income in India.C. Dr. V. K. R. V. Rao was appointed as the chairman of the committee.Choose the correct answer: |
| A. | A & C only |
| B. | B only |
| C. | C only |
| D. | A & B only |
| Answer» C. C only | |
| 1050. |
Consider the following statements:Human capital formation as a concept is better explained in terms of a process which enables.1. individuals of country to accumulate more capital.2. increasing the knowledge, skill levels and capacities of the people of the country.3. accumulation of tangible wealth.4. accumulation of intangible wealth.Which of the statements given above is/are correct? |
| A. | 1 and 2 |
| B. | 2 only |
| C. | 2 and 4 |
| D. | 1, 3 and 4 |
| Answer» D. 1, 3 and 4 | |