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.
| 1501. |
Composition Scheme under GST is applicable to businesses with turnover upto ? |
| A. | Rs. 1.0 Crore |
| B. | Rs. 1.5 Crore |
| C. | Rs. 2.0 Crore |
| D. | Rs. 2.5 Crore |
| Answer» C. Rs. 2.0 Crore | |
| 1502. |
Estimates of expenditure are submitted to the Parliament of India in the form of |
| A. | Ad hoc Funds |
| B. | Excess Grant |
| C. | Supplementary Grants |
| D. | Demands for Grants |
| Answer» E. | |
| 1503. |
_______ is used to monitor changes in the cost of living over time. |
| A. | GDP Defaulter |
| B. | Producer Price Index (PPI) |
| C. | Wholesale Price Index (WPI) |
| D. | Consumer Price Index (CPI) |
| Answer» E. | |
| 1504. |
National Mission for Sustainable Agriculture consists of which of the following sub-mission? |
| A. | Animal husbandry |
| B. | Health Management |
| C. | Cooperative agriculture |
| D. | Soil Health Management |
| Answer» E. | |
| 1505. |
If price of an article decreases from Rs. 600 to Rs. 500, when quantity demanded increases from 10000 units to 12000 units. Find point elasticity of demand? |
| A. | -1 |
| B. | 1.2 |
| C. | 1.5 |
| D. | 1.6 |
| Answer» B. 1.2 | |
| 1506. |
‘Disguised unemployment’ is prominently found in __________ . |
| A. | urban areas |
| B. | semi-urban areas |
| C. | rural areas |
| D. | No option is correct |
| Answer» D. No option is correct | |
| 1507. |
"Mitigating Poverty in Western Rajasthan" (MPOWER) is being implemented with the help of |
| A. | Asian Development Bank (ADB) |
| B. | World Bank |
| C. | Japan |
| D. | IFAD |
| Answer» E. | |
| 1508. |
If demand curve for Kanjeevaram sarees is D = 73000 - 17P and supply curve is S = 28000 + 8P, find the equilibrium Price (in Rupees)? |
| A. | 2000 |
| B. | 2200 |
| C. | 1800 |
| D. | 2400 |
| Answer» D. 2400 | |
| 1509. |
Consider the following information:Rate of gross profit -- 25% on cost of goods soldSales -- Rs. 20,00,000Which one of the following is the amount of gross profit? |
| A. | Rs. 5,00,000 |
| B. | Rs. 6,25,000 |
| C. | Rs. 3,75,000 |
| D. | Rs. 4,00,000 |
| Answer» E. | |
| 1510. |
Fishers method for calculation of Price Index number is given by the formula |
| A. | \(P_{01} = \frac{\sum{P_1}{Q_0}\times 100}{\sum {P_0}{Q_0}}\) |
| B. | \(P_{01} =\frac{\sum{P_1}{Q_1}\times 100}{\sum {P_0}{Q_1}}\) |
| C. | \(P_{01} = \sqrt{\frac{\sum{P_1}{Q_0}}{\sum{P_0}{Q_0}}\times \frac{\sum{P_1}{Q_1}}{\sum{P_0}{Q_1}}} \times 100\) |
| D. | \(P_{01} = {\frac{\sum{P_1}{Q_0}}{\sum{P_0}{Q_0}}\times \frac{\sum{P_1}{Q_1}}{\sum{P_0}{Q_1}}}\) |
| Answer» D. \(P_{01} = {\frac{\sum{P_1}{Q_0}}{\sum{P_0}{Q_0}}\times \frac{\sum{P_1}{Q_1}}{\sum{P_0}{Q_1}}}\) | |
| 1511. |
________ are receipts of the government which are non-redeemable. |
| A. | Tax receipts |
| B. | Direct receipts |
| C. | Revenue receipts |
| D. | Indirect receipts |
| Answer» D. Indirect receipts | |
| 1512. |
Despite being a high saving economy, capital formation may not result in significant increase in output due to |
| A. | weak administrative machinery |
| B. | illiteracy |
| C. | high population density |
| D. | high capital-output ratio |
| Answer» E. | |
| 1513. |
Match the items of List I with the items of List II and choose the correct answer from the code given below. List I List II(a) NPA(i) The percentage of deposits to be kept with RBI in the form of cash.(b) SLR(ii) The rate at which RBI lends money to commercial banks. (c) Repo Rate (iii) Loans and advances not paid for more than 90 days(d) CRR(iv) The percentage of net demand and time liabilities to be kept in the form of liquid assets. |
| A. | (a) - (iii), (b) - (iv), (c) - (i), (d) - (ii) |
| B. | (a) - (iii), (b) - (iv), (c) - (ii), (d) - (i) |
| C. | (a) - (ii), (b) - (iii), (c) - (iv), (d) - (iv) |
| D. | (a) - (iii), (b) - (ii), (c) - (iv), (d) - (i) |
| Answer» C. (a) - (ii), (b) - (iii), (c) - (iv), (d) - (iv) | |
| 1514. |
goods and Services Tax (GST) was Introduced in India by Finance Minister |
| A. | Arun Jaitley |
| B. | Manmohan Singh |
| C. | Pranad Mukherjee |
| D. | Narendra Modi |
| Answer» B. Manmohan Singh | |
| 1515. |
Choose the most appropriate description :National Bank for Agriculture and Rural Development is a ______. |
| A. | Development Bank |
| B. | Commercial Bank |
| C. | Small and Medium Enterprise |
| D. | Supervisory Institution |
| Answer» B. Commercial Bank | |
| 1516. |
A country or state which imposes no tax or very low tax is known as _________ |
| A. | Tax Tourism |
| B. | Tax Terrorism |
| C. | Tax Haven |
| D. | Tax Keeper |
| Answer» D. Tax Keeper | |
| 1517. |
According to John Maynard Keynes, employment depends upon _________. |
| A. | Aggregate demand |
| B. | Aggregate supply |
| C. | Effective demand |
| D. | Rate of interest |
| Answer» D. Rate of interest | |
| 1518. |
In March 2020, which of the following institutions launched ‘Project Isaac’ to engage students in creative projects during Corona lockdown? |
| A. | IIT Delhi |
| B. | IIT Kharagpur |
| C. | IIT Gandhinagar |
| D. | IIT Bombay |
| Answer» D. IIT Bombay | |
| 1519. |
Exchange rates in the market depend on the ______.I. demand and supply of exports and importsII. Bank rate |
| A. | Both I and II |
| B. | Neither I nor II |
| C. | Only I |
| D. | Only II |
| Answer» D. Only II | |
| 1520. |
Current Account of Balance of payments does NOT include which of the following? |
| A. | Trade in Services |
| B. | Transfer Payments |
| C. | Investments |
| D. | Trade in Goods |
| Answer» D. Trade in Goods | |
| 1521. |
Pricing Policy of Minimum Support Price follows which approach? |
| A. | Cost plus approach |
| B. | Loan plus approach |
| C. | Investment plus approach |
| D. | Land plus approach |
| Answer» B. Loan plus approach | |
| 1522. |
‘Operation Greens’ is announced to stabilise the supply of which of the following items? |
| A. | Bamboo, teak, neem |
| B. | Tomato, onion, potato |
| C. | Jute, cotton, silk |
| D. | Tea, coffee, rubber |
| Answer» C. Jute, cotton, silk | |
| 1523. |
How many angular bleed lines are present on the new Indian rupee 2000 bank note? |
| A. | 7 |
| B. | 4 |
| C. | 6 |
| D. | 5 |
| Answer» B. 4 | |
| 1524. |
Every production is organized by combining land, labour, physical capital and human capital which are known as ________. |
| A. | Factors of production |
| B. | Factors of investment |
| C. | Factors of profit |
| D. | Factors of loss |
| Answer» B. Factors of investment | |
| 1525. |
Consider the following important sources of tax revenue for the Central Government in India:I. Union Excise DutyII. Corporation TaxIII. Income TaxIV. Service TaxWhich one of the following is the correct descending order in terms of Gross Tax Revenue? |
| A. | I, II, IV, III |
| B. | II, IV, I, III |
| C. | II, III, I, IV |
| D. | IV, I, II, III |
| Answer» D. IV, I, II, III | |
| 1526. |
Consider the following statements:1. Most of India's external debt is owed by governmental entities.2. All of India's external debt is denominated in US dollars.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. | |
| 1527. |
Minimum support price is applied on the recommendation of _____. |
| A. | Agricultural Costs and Prices Commission (CACP) |
| B. | Policy Commission |
| C. | Cabinet Committee on Economic Affairs |
| D. | Ministry of Agriculture |
| Answer» B. Policy Commission | |
| 1528. |
‘FRDI’ Bill, 2017 aims to protect the stability of the financial system. Once enacted, FRDI Bill 2017 will be replacing ______. |
| A. | Deposit insurance and credit guarantee corporation act, 1961 |
| B. | Deposit guarantee corporation act, 1980 |
| C. | Credit guarantee corporation act, 1990 |
| D. | None of the above |
| Answer» B. Deposit guarantee corporation act, 1980 | |
| 1529. |
A drill machine in the hands of a plumber is what type of a good? |
| A. | Consumer |
| B. | Costly |
| C. | Cheap |
| D. | Intermediary |
| Answer» B. Costly | |
| 1530. |
One of the problems in calculating national income currently in India is |
| A. | Under employment |
| B. | Inflation |
| C. | Non-monetised consumption |
| D. | Low savings |
| Answer» D. Low savings | |
| 1531. |
Income and Expenditure Account is |
| A. | Real Account |
| B. | Personal Account |
| C. | Nominal Account |
| D. | Capital Account |
| Answer» D. Capital Account | |
| 1532. |
Consider the following statements:1. In the case of all cereals, pulses and oil-seeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India.2. In the case of cereals and pulses, the MSP is fixed in any State/UT at level to which the market price will never rise.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. | |
| 1533. |
'Milpa' a type of cultivation in Mesoamerica is known as |
| A. | Shifting cultivation |
| B. | Nomadic herding |
| C. | Plantation agriculture |
| D. | Subsistence agriculture |
| Answer» B. Nomadic herding | |
| 1534. |
From when is the proposed merger of our Railway budget with the General budget supposed to take place? |
| A. | 2017-18 |
| B. | Not approved yet |
| C. | 2016-17 |
| D. | 2018-19 |
| Answer» B. Not approved yet | |
| 1535. |
For the year 2016-17, in terms of defence budget, what is India's ranking as compared to other countries of the world? |
| A. | Second |
| B. | Fourth |
| C. | Fifth |
| D. | Sixth |
| Answer» C. Fifth | |
| 1536. |
Identify the correct statements in the context of the Food Security Act, 2013.A. It gives legal entitlement of food security to 75% rural and 50% urban population.B. A beneficiary will be entitled rice, coarse cereals and wheat @ Rs. 3, Rs. 2 and Rs. 1 per kg per month respectively. |
| A. | Both A and B are correct |
| B. | Both A and B are incorrect |
| C. | Only A is correct |
| D. | Only B is correct |
| Answer» D. Only B is correct | |
| 1537. |
In short period the production can be increased only through the application of.......factors |
| A. | Fixed |
| B. | Variable |
| C. | Semi variable |
| D. | None of the above |
| Answer» C. Semi variable | |
| 1538. |
In which part of India does saffron grows? |
| A. | Jammu and kashmir |
| B. | Darjeeling district |
| C. | Nilgiri Hills |
| D. | Madhya Pradesh |
| Answer» B. Darjeeling district | |
| 1539. |
Apiculture is the technique of scientific rearing of _______ in a specially designed wooden box. |
| A. | Honey bees |
| B. | Silkworms |
| C. | Moths |
| D. | Termites |
| Answer» B. Silkworms | |
| 1540. |
In India, what is the rank of Uttarakhand in Walnut production? |
| A. | Second |
| B. | Sixth |
| C. | First |
| D. | Third |
| Answer» B. Sixth | |
| 1541. |
Assertion (A) : The Government of India has been opening up domestic market to foreign players in baby steps.Reasoning (R) : Allowing foreign firms free play in India’s retail sector has always been a political hot potato. |
| A. | (A) and (R) both are correct ; and (R) is the right explanation of (A). |
| B. | (A) and (R) both are correct ; but (R) is not the right explanation of (A). |
| C. | (A) and (R) both are incorrect. |
| D. | (A) is correct ; but (R) is incorrect. |
| Answer» C. (A) and (R) both are incorrect. | |
| 1542. |
'Jaya' and 'Ratna' developed for green revolution in India are the varieties of |
| A. | Rice |
| B. | Wheat |
| C. | Bajra |
| D. | Pulses |
| Answer» B. Wheat | |
| 1543. |
Consider the following statements :In India, taxes on transactions in Stock Exchanges and Futures Markets are1. Levied by the Union2. Collected by the StatesWhich 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 | |
| 1544. |
Kudumbashree is a programme implemented by the State Poverty Eradication Mission (SPEM) in ______. |
| A. | Gujarat |
| B. | Odisha |
| C. | Kerala |
| D. | Andhra Pradesh |
| Answer» D. Andhra Pradesh | |
| 1545. |
PCA (supervisory tools to maintain the sound financial health of banks) stands for: |
| A. | Prompt Corrective action |
| B. | Possible Collective Action |
| C. | Possible Corrective Action |
| D. | Prompt Collective Action |
| Answer» B. Possible Collective Action | |
| 1546. |
______ is a public sector industry. |
| A. | Amul |
| B. | SAIL |
| C. | Reliance Petroleum |
| D. | TISCO |
| Answer» C. Reliance Petroleum | |
| 1547. |
Disguised unemployment generally means________. |
| A. | Large number of people remain unemployed |
| B. | Alternative employment is NOT available |
| C. | Marginal productivity of labour is zero |
| D. | Productivity of workers is low |
| Answer» D. Productivity of workers is low | |
| 1548. |
A savings fund in which both, the employer and the employee contribute regularly in the interest of the employee is known as: |
| A. | Balanced Fund |
| B. | Provident Fund |
| C. | Index Fund |
| D. | Mutual Fund |
| Answer» C. Index Fund | |
| 1549. |
According to the Union Budget of 2019, which two cards are interchangeable for electronic tax assessments? |
| A. | PAN card and Aadhar card |
| B. | Driving License and Aadhar Card |
| C. | Aadhar card and Voter ID card |
| D. | PAN Card and Voter ID |
| Answer» B. Driving License and Aadhar Card | |
| 1550. |
A great deal of Foreign Direct Investment (FDI) to India comes from Mauritius than from many major and mature economies like UK and France why? |
| A. | India has preference for certain countries as regards receiving FDI. |
| B. | India has double taxation avoidance agreement with Mauritius. |
| C. | Most citizens of Mauritius have ethnic identity with India and so they feel secure to invest in India. |
| D. | Impending dangers of global climate change prompts Mauritius to make huge investments in India. |
| Answer» C. Most citizens of Mauritius have ethnic identity with India and so they feel secure to invest in India. | |