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.
| 1251. |
In India, the Black Revolution is associated with self-dependence in the production of__________. |
| A. | Oil seeds production |
| B. | Crude petroleum |
| C. | Black box |
| D. | No option is correct |
| Answer» C. Black box | |
| 1252. |
Inflation in India is |
| A. | Double-digit > 0 |
| B. | Single-digit>0 |
| C. | Negative |
| D. | Zero |
| Answer» B. Single-digit>0 | |
| 1253. |
In the context of India, which of the following is/are considered to be practice(s) of the eco-friendly agriculture?1. Crop diversification2. Legume intensification3. Tensiometer use4. Vertical farmingSelect the correct answer using the code given below: |
| A. | 1, 2 and 3 only |
| B. | 3 only |
| C. | 4 only |
| D. | 1, 2, 3 and 4 |
| Answer» E. | |
| 1254. |
On 14th September 2012 Govt. of India has allowed FDI in multibrand retail upto.......and in singlebrand retail upto..... |
| A. | 51% and 100% respectively |
| B. | 100% and 50% respectively |
| C. | 74% and 50% respectively |
| D. | 50% and 74% respectively |
| Answer» B. 100% and 50% respectively | |
| 1255. |
Depreciation of fixed assets is an example of |
| A. | deferred revenue expenditure |
| B. | capital expenditure |
| C. | capital gain |
| D. | revenue expenditure/expense |
| Answer» E. | |
| 1256. |
One of the essential conditions of "perfect competition" is |
| A. | product differentiation |
| B. | multiplicity of prices for identical products of a one time |
| C. | many sellers and a few buyers |
| D. | same price for same things at one time |
| Answer» E. | |
| 1257. |
Identical price is the characteristic of ________. |
| A. | Monopoly |
| B. | Pure competition |
| C. | Monopolistic competition |
| D. | No option is correct. |
| Answer» C. Monopolistic competition | |
| 1258. |
Consider the following statements:1. Inflation benefits the debtors.2. Inflation benefits the bondholders.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 | |
| 1259. |
Fiscal Deficit means ______. |
| A. | Total revenue collected by the government |
| B. | Difference between total revenue and total expenditure of the government |
| C. | Total borrowing of the Government |
| D. | Total expenditure of government |
| Answer» C. Total borrowing of the Government | |
| 1260. |
On the basis of nominal GDP, India is the world’s _______ largest economy in 2018. |
| A. | tenth |
| B. | third |
| C. | fifth |
| D. | seventh |
| Answer» E. | |
| 1261. |
As per Economic survey 2017-18, the percentage contribution of the Services Sector to India’s GDP will be in the range of: |
| A. | Between 30-40% |
| B. | Between 40-50% |
| C. | Greater than 50% |
| D. | Less than 30% |
| Answer» D. Less than 30% | |
| 1262. |
Effective Revenue Deficit was introduced in the Union Budget of |
| A. | 2010-11 |
| B. | 2011-12 |
| C. | 2009-10 |
| D. | 2012-13 |
| Answer» C. 2009-10 | |
| 1263. |
Inflation exists when ________. |
| A. | There is general increase in the prices over time. |
| B. | There are periodic decreases in the price level. |
| C. | There is a continuous increase in the output level over time. |
| D. | There is rise in the purchasing value of money. |
| Answer» B. There are periodic decreases in the price level. | |
| 1264. |
An industrial economy is best defined as an economy whose 50% or more produce value comes from the ______ sector. |
| A. | tertiary |
| B. | banking |
| C. | secondary |
| D. | primary |
| Answer» D. primary | |
| 1265. |
Per-capita income is also called _____. |
| A. | Gross National Product |
| B. | Gross Domestic Product |
| C. | Average income |
| D. | Total income |
| Answer» D. Total income | |
| 1266. |
Deductions from income are allowed under which section of the Income Tax Act? |
| A. | Section 90 |
| B. | Section 80 |
| C. | Section 22 |
| D. | Section 40 |
| Answer» C. Section 22 | |
| 1267. |
Dairy comes under which sector of economic activity? |
| A. | Tertiary sector |
| B. | Primary sector |
| C. | Secondary sector |
| D. | Quaternary sector |
| Answer» C. Secondary sector | |
| 1268. |
As per Andhra Pradesh Budget 2017 -18, what portion of the Government’s expenditure is estimated to be spent on debt servicing, i.e., debt repayments and interest payments during FY 2017-18? |
| A. | 10.5% |
| B. | 12.5% |
| C. | 14.5% |
| D. | 16.5% |
| Answer» D. 16.5% | |
| 1269. |
Balance of Trade is the difference between ________. |
| A. | Country’s Income and Expense |
| B. | Country’s Exports and Imports |
| C. | Country’s Tax Revenue and Expense |
| D. | Country’s capital inflow and outflow |
| Answer» C. Country’s Tax Revenue and Expense | |
| 1270. |
As per the RBI Annual Report 2016-17, what is the estimated value of demonetised banknotes received? |
| A. | Rs. 12.25 lakh crore |
| B. | Rs. 15.28 lakh crore |
| C. | Rs. 19.48 lakh crore |
| D. | Rs. 13.35 lakh crore |
| Answer» C. Rs. 19.48 lakh crore | |
| 1271. |
Annual plans were adopted during the which of the following years? |
| A. | 1990-1992 |
| B. | 1987-1990 |
| C. | 1992-1994 |
| D. | No option is correct. |
| Answer» B. 1987-1990 | |
| 1272. |
How many languages are there on language panel of Indian currency note? |
| A. | 15 |
| B. | 17 |
| C. | 10 |
| D. | 12 |
| Answer» B. 17 | |
| 1273. |
Export-Import bank of India was established in which year? |
| A. | 1980 |
| B. | 1981 |
| C. | 1982 |
| D. | 1984 |
| Answer» D. 1984 | |
| 1274. |
Consider the following actions by the Government:1. Cutting the tax rates 2. Increasing the government spending3. Abolishing the subsidesIn the context of economic recession, which of the above actions can be considered a part of the "fiscal stimulus" package? |
| A. | 1 and 2 only |
| B. | 2 only |
| C. | 1 and 3 only |
| D. | 1, 2 and 3 |
| Answer» B. 2 only | |
| 1275. |
Currency notes and coins of one rupee and lower denominations are issued by the _________. |
| A. | State Bank of India |
| B. | Government of India |
| C. | Reserve Bank of India |
| D. | Ministry of Finance |
| Answer» E. | |
| 1276. |
As on August 2020, the Government of India does NOT announce the Minimum Support Price for which of the following crops? |
| A. | Groundnut |
| B. | Paddy |
| C. | Flax seeds |
| D. | Ragi |
| Answer» D. Ragi | |
| 1277. |
Match the following and choose the correct option from those given below:Shifting CultivationState a. Jhum i. Chattisgarh b. Podu ii. Keral c. Ponam iii. Assam d. Dahiya iv. Andhra Pradesh |
| A. | a - iii, b - i, c - iv, d - ii |
| B. | a - ii, b - iii, c - iv, d - i |
| C. | a - iii, b - iv, c - ii, d - i |
| D. | a - iv, b - ii, c - i, d - iii |
| Answer» D. a - iv, b - ii, c - i, d - iii | |
| 1278. |
Consider the following:1. Areca nut2. Barley3. Coffee4. Finger millet5. Groundnut 6. Sesamum7. Turmeric The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the above? |
| A. | 1, 2, 3 and 7 only |
| B. | 2, 4, 5 and 6 only |
| C. | 1, 3, 4, 5 and 6 only |
| D. | 1, 2, 3, 4, 5, 6 and 7 |
| Answer» C. 1, 3, 4, 5 and 6 only | |
| 1279. |
Based on economic activities, how many sectors are there in Indian economy? |
| A. | 2 |
| B. | 3 |
| C. | 4 |
| D. | 5 |
| Answer» C. 4 | |
| 1280. |
By which department was the 'e-Sahyog' Project launched in October 2015? |
| A. | Sales Tax |
| B. | Income Tax |
| C. | Excise Duty |
| D. | Road Tax |
| Answer» C. Excise Duty | |
| 1281. |
India took Annual from |
| A. | 1969-1971 |
| B. | 1966-1969 |
| C. | 1968-1970 |
| D. | None of the above |
| Answer» C. 1968-1970 | |
| 1282. |
In a centrally planned economy, the ________ plans all the important activities in the economy. |
| A. | Industrialists |
| B. | Citizens |
| C. | Government |
| D. | Judiciary |
| Answer» D. Judiciary | |
| 1283. |
______ are imposed on items like cigarettes and alcohol. |
| A. | Sales taxes |
| B. | Luxury taxes |
| C. | Sin taxes |
| D. | Customs Duty |
| Answer» D. Customs Duty | |
| 1284. |
India earns maximum foreign exchange by the export of? |
| A. | Iron |
| B. | Tea |
| C. | Textile |
| D. | Rubber |
| Answer» D. Rubber | |
| 1285. |
In economic terms what do we mean by 'intermediate goods'? |
| A. | Price of goods without GST |
| B. | Fixed assets used by manufacturers |
| C. | Goods sold between industries for the resale or production of other goods |
| D. | Goods in transit before reaching the consumers |
| Answer» D. Goods in transit before reaching the consumers | |
| 1286. |
Currency printing press of India is NOT located in ________. |
| A. | Kochi |
| B. | Mysore |
| C. | Salboni |
| D. | Dewas |
| Answer» B. Mysore | |
| 1287. |
In order to address rising incidence of Vitamin 'D' deficiencies, Particularly amongst the young people, Food Saftey and Standards Authority of India has launched a unique initiative, in association with NCERT, NDMC and North MCD School. What is this initiative called? |
| A. | Unnat Bharat Abhiyan |
| B. | Swayam |
| C. | Sambhal |
| D. | Project Dhoop |
| Answer» E. | |
| 1288. |
As of June 2020, which country has the highest population density? |
| A. | China |
| B. | India |
| C. | Monaco |
| D. | USA |
| Answer» D. USA | |
| 1289. |
In the context of governance, consider the following :1. Encouraging Foreign Direct Investment inflows2. Privatization of higher educational Institution 3. Down-sizing of bureaucracy 4. Selling/offloading the shares of Public Sector UndertakingWhich of the above can be used as measures to control the fiscal deficit in India? |
| A. | 1, 2, and 3 |
| B. | 2, 3 and 4 |
| C. | 1, 2 and 4 |
| D. | 3, and 4 only |
| Answer» C. 1, 2 and 4 | |
| 1290. |
Match the author/committee and their poverty concept :a. World BankI. Per capita per day, the availability of food in village 2400 calories, in city 2100 calories.b. Shri Gaurav DattII. Poverty gapc. Lakdawala Committee III. Availability of food is less than 2250 calories per dayd. Dr. Dandekar and Dr. RathIV. According to 1973-74 prices, who do not get per capita per month in village 49-09 and in city |
| A. | a - I, b - II, c - III, d - IV |
| B. | a - II, b - I, c - IV, d - III |
| C. | a - III, b - I, c - II, d - IV |
| D. | a - IV, b - III, c - I, d - II |
| Answer» C. a - III, b - I, c - II, d - IV | |
| 1291. |
In the context of the planning era i.e. 1951 to 2011, take into consideration the following statements :a. Food production increases fourfold, diversified industrial growth takes place.b. Import substitution, diversified export promotion and science and technical educational expansion takes place.c. Achievement in reducing poverty and unemployment ratio.d. Reduction in the concentration of economic power, decentralization of income and wealth takes place.Which of the above statements are true? |
| A. | b,c and d |
| B. | b and c |
| C. | a and b |
| D. | c and d |
| Answer» D. c and d | |
| 1292. |
Any current account deficit is of necessity financed by a ________. |
| A. | Budget surplus |
| B. | Loan from RBI |
| C. | Net capital inflow |
| D. | Currency depreciation |
| Answer» D. Currency depreciation | |
| 1293. |
Geographical concentration of industries generates |
| A. | Horizontal linkage only |
| B. | Vertical linkage only |
| C. | Both vertical and horizontal linkages |
| D. | No linkages effect |
| Answer» D. No linkages effect | |
| 1294. |
First Indian product to get G.I Tag is |
| A. | Cardamom |
| B. | Darjeeling Tea |
| C. | Basmati |
| D. | Gobindo Bhog |
| Answer» C. Basmati | |
| 1295. |
Gross domestic product is a measure of _________. |
| A. | A country’s international economic activities |
| B. | A country’s domestic economic activities |
| C. | A country’s economy related to its neighbours |
| D. | A country’s agricultural activities |
| Answer» C. A country’s economy related to its neighbours | |
| 1296. |
Fair price shops keep stock of which of the following?I. Food GrainsII. SugarIII. Kerosene Oil |
| A. | Only I |
| B. | Only II |
| C. | Both I & II |
| D. | All I, II & III |
| Answer» E. | |
| 1297. |
A beedi making workshop can hire 5 women by paying them Rs. 300 per day. The 6th woman demands Rs. 350 per day. If this woman is hired then all other women must be paid Rs. 350. The marginal resource (labour) cost of the 6th woman is |
| A. | Rs. 100 |
| B. | Rs. 300 |
| C. | Rs. 600 |
| D. | Rs. 50 |
| Answer» D. Rs. 50 | |
| 1298. |
Increase in absolute and per capita real GNP do not connote a higher level of economic development, if |
| A. | industrial output fails to keep pace with agricultural output. |
| B. | agricultural output fails to keep pace with industrial output |
| C. | poverty and unemployment increase |
| D. | imports grow faster than exports. |
| Answer» D. imports grow faster than exports. | |
| 1299. |
Agriculture comes under which sector of economic activity? |
| A. | Secondary sector |
| B. | Primary sector |
| C. | Tertiary sector |
| D. | Quaternary sector |
| Answer» C. Tertiary sector | |
| 1300. |
Given below are two statements, one is labelled as Assertion (A) and other as Reason (R) :Assertion (A) : Government has launched the 'National Infrastructure Pipeline (NIP)' for period of 2020-30.Reason (R) : The objective of NIP is to provide equitable access to infrastructure for all.Select the correct answer using 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 but (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» E. | |