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.
| 351. |
The Reserve Bank of India issues: |
| A. | all the currency notes |
| B. | all the currency notes except the one rupee note |
| C. | all the currency notes except the hundred rupee note |
| D. | only notes of Rs. 10 and above |
| Answer» C. all the currency notes except the hundred rupee note | |
| 352. |
The system of Budget was introduced in India during the viceroyalty of: [Central Excise 1994] |
| A. | Canning |
| B. | Dalhousie |
| C. | Ripon |
| D. | Elgin |
| Answer» B. Dalhousie | |
| 353. |
Regional Rural Banks are designed to work in which of the following ideals? [IAS 1988] |
| A. | Work on basics of commercial banks |
| B. | Help the targetted groups |
| C. | Keep lending rates lower than cooperative institutions |
| D. | Work on innovative and adaptive ideals |
| Answer» C. Keep lending rates lower than cooperative institutions | |
| 354. |
In the context of Indian economy, consider the following pairs: Term Most appropriate description 1. Melt down Fall in stock prices 2. Recession Fall in growth rate 3. Slow down Fall in GDP Which of the pairs given above is/are correctly matched? [IAS 2010] |
| A. | 1 only |
| B. | 2 and 3 only |
| C. | 1 and 3 only |
| D. | 1, 2 and 3 |
| Answer» B. 2 and 3 only | |
| 355. |
Which of the following gives the maximum production of edible oil? |
| A. | Groundnut |
| B. | Mustard |
| C. | Rapeseed |
| D. | Sunflower |
| Answer» B. Mustard | |
| 356. |
National income ignores [CDS 2012] |
| A. | sales of firm |
| B. | salary of employees |
| C. | exports of the IT sector |
| D. | sale of land |
| Answer» C. exports of the IT sector | |
| 357. |
One of the problems in calculating the national income in India correctly is : [Railways 1994] |
| A. | under-er-employment |
| B. | inflation |
| C. | non-monetised consumption |
| D. | low savings |
| Answer» D. low savings | |
| 358. |
"Antyodaya" scheme of NITI Aayog prioritizes |
| A. | Elimination of poverty |
| B. | spread of education |
| C. | the service & upliftment of poor, marginalized & downtrodden |
| D. | none |
| Answer» D. none | |
| 359. |
Which industry in India was worst affected because of the partition? [PCS 1994] |
| A. | Paper and Iron |
| B. | Jute and Cotton |
| C. | Cotton and Sugar |
| D. | Engineering and Cement |
| Answer» C. Cotton and Sugar | |
| 360. |
Economic survey is published by :[IAS 1998] |
| A. | Ministry of Finance |
| B. | Planning Commission |
| C. | Govt. of India |
| D. | Indian Statistical Institute |
| Answer» B. Planning Commission | |
| 361. |
India is passing through the phase of population: |
| A. | Explosion |
| B. | Control |
| C. | Stability |
| D. | None of the above |
| Answer» B. Control | |
| 362. |
The strategic aim of IRDP is : |
| A. | to reduce unemployment |
| B. | to provide the required inputs for increasing agricultural productivity |
| C. | to provide more opportunities for rural employment and credit facilities at concessional rate of interest |
| D. | none of these |
| Answer» D. none of these | |
| 363. |
In order to be scheduled to the Reserve Bank of India, a bank should have capital andreserve of not less than: |
| A. | 1 lakh |
| B. | 5 lakhs |
| C. | 10 lakhs |
| D. | 50 Iakhs |
| Answer» C. 10 lakhs | |
| 364. |
The World Bank and IMF gives respectively: |
| A. | long term and short term credits |
| B. | short term and long term credits |
| C. | both long term credits |
| D. | both short term credits |
| Answer» B. short term and long term credits | |
| 365. |
What is the main objective of Antyodaya programme? |
| A. | Uplift the poor |
| B. | Uplift the urban poor |
| C. | Uplift the farmer |
| D. | Uplift the landless labour |
| Answer» B. Uplift the urban poor | |
| 366. |
Which of the following pairs are correctly matched? 1. Dow Jones: New York 2. Hang Seng: Seoul 3. FTSE-100:London Select the correct answer using the codes given below: [IAS 1998] |
| A. | 1, 2 and 3 |
| B. | 2 and 3 |
| C. | 1 and 2 |
| D. | 1 and 3 |
| Answer» E. | |
| 367. |
The number of Banks nationalised since 1969 is : [PCS 1994] |
| A. | 8 |
| B. | 12 |
| C. | 14 |
| D. | 20 |
| Answer» E. | |
| 368. |
Which one of the following forms the largest share of deficit in Govt. of India budget? [UP PCS 2002] |
| A. | Primary deficit |
| B. | Fiscal deficit |
| C. | Revenue deficit |
| D. | Budgetary deficit |
| Answer» C. Revenue deficit | |
| 369. |
In India, the first bank of limited liability managed by Indians and founded in 1881 was: |
| A. | Hindustan Commercial Bank |
| B. | Oudh Commercial Bank |
| C. | Punjab National Bank |
| D. | Punjab and Sind Bank |
| Answer» C. Punjab National Bank | |
| 370. |
Put the main sources of revenue of the Central Government in ascending order ofimportance: 1. Income tax 2. Corporation tax 3. Customs 4. Excise duties |
| A. | 1, 2, 3, 4 |
| B. | 3, 2, 4, 1 |
| C. | 4, 3, 1, 2 |
| D. | 4, 3, 2, 1 |
| Answer» E. | |
| 371. |
Stock Exchanges play, role in an economy which may be termed as [UBI PO 2010] |
| A. | hardly useful |
| B. | useful but need strict regulation |
| C. | harmful to proper capital markets |
| D. | a gambling-where many investors get ruined |
| Answer» C. harmful to proper capital markets | |
| 372. |
Funds belonging to Government of India are kept in: 1. Consolidated Fund of India 2. Public Account Fund of India 3. Contingency Fund of India |
| A. | 1 and 2 |
| B. | 2 and 3 |
| C. | 1 and 3 |
| D. | 1, 2 and 3 |
| Answer» E. | |
| 373. |
The unemployment rate is the |
| A. | Employed plus unemployed divided by labor force. |
| B. | Total employment divided by population. |
| C. | Labor force divided by population. |
| D. | Uunemployed divided by employed |
| Answer» B. Total employment divided by population. | |
| 374. |
If the price of an inferior good falls, its demand: [CPO SI 2003] |
| A. | rises |
| B. | falls |
| C. | remains constant |
| D. | can be any of the above |
| Answer» D. can be any of the above | |
| 375. |
Who amongst the following was never a Governor of the RBI ? [SBI Associates Clerk 2011] |
| A. | Bimal Jalan |
| B. | Y. V. Reddy |
| C. | Arup Roy Choudhury |
| D. | C. Rangarajan |
| Answer» D. C. Rangarajan | |
| 376. |
A "closed economy" is an economy in which [CSAT 2011] |
| A. | the money supply is fully controlled |
| B. | deficit financing takes place |
| C. | only exports take place |
| D. | neither exports nor imports take place |
| Answer» E. | |
| 377. |
Real national income denotes: |
| A. | national income at constant prices |
| B. | per capita income |
| C. | national income at current prices |
| D. | net factor income |
| Answer» B. per capita income | |
| 378. |
'Dumping' in the context of international trade refers to : [CDS 2000] |
| A. | exporting goods at prices below the actual cost of production |
| B. | exporting goods without paying the appropriate taxes in the receiving country |
| C. | exporting goods of inferior quality |
| D. | exporting goods only to re-import them at cheaper rates |
| Answer» B. exporting goods without paying the appropriate taxes in the receiving country | |
| 379. |
DWCRA stands for: |
| A. | Development and Welfare of Catchment Rural Areas |
| B. | Development of Women and Children in Rural Areas |
| C. | Direct Welfare of Children in Rural Areas |
| D. | All of the above |
| Answer» C. Direct Welfare of Children in Rural Areas | |
| 380. |
Which part of separated UTI is under SEBl's regulation? |
| A. | UTI-I |
| B. | UTI-II |
| C. | Both the above |
| D. | None of the above |
| Answer» C. Both the above | |
| 381. |
India has: [CDS 1992] |
| A. | Socialistic economy |
| B. | Gandhian economy |
| C. | Mixed economy |
| D. | Free economy |
| Answer» D. Free economy | |
| 382. |
Which of the following are referred to as the developed economies? |
| A. | Countries earning huge industrial profits |
| B. | Countries proficient in trade and export |
| C. | Countries having large per capita income |
| D. | Countries advanced in technology |
| Answer» D. Countries advanced in technology | |
| 383. |
Which of the following is the amount of Insurance cover provided to the workers of the unorganized sector under Rashtriya Swasthya Bima Yojana ? [Corporation Bank PO 2011] |
| A. | Rs. 10,0007 |
| B. | Rs. 20,0007 |
| C. | Rs. 30,0007 |
| D. | Rs. 40,0007 |
| Answer» D. Rs. 40,0007 | |
| 384. |
The cause of inflation is: |
| A. | increase in money supply |
| B. | fall in production |
| C. | increase in money supply and fall in production |
| D. | decrease in money supply and fall in production |
| Answer» D. decrease in money supply and fall in production | |
| 385. |
UTI has been divided into two parts UTI-I and UTI-II. Which part has been kept underthe control of the government? |
| A. | UTI-I |
| B. | UTI-II |
| C. | Both the above |
| D. | None of the above |
| Answer» B. UTI-II | |
| 386. |
A tax Which is paid by the person on whom the tax is incident is called a : |
| A. | local tax |
| B. | indirect tax |
| C. | direct tax |
| D. | rate |
| Answer» D. rate | |
| 387. |
The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called: [IAS 1998] |
| A. | SBRC (Statutory Bank Ratio) |
| B. | SLR (Statutory Liquid Ratio) |
| C. | CBR (Central Bank Reserve) |
| D. | CLR (Central Liquid Reserve) |
| Answer» C. CBR (Central Bank Reserve) | |
| 388. |
The exports of India: |
| A. | are confined to a few items |
| B. | are spread over several commodity groups |
| C. | have not shown much of a change since 1960-61 |
| D. | comprise mainly of agro-based products |
| Answer» C. have not shown much of a change since 1960-61 | |
| 389. |
In the context of Indian economy, consider the following statements: 1. The growth rate of GDP has – steadily increased in the last five years. 2. The growth rate in per capita income has steadily increased in the last five years. Which of the statements given above is/are correct? [CSAT2011] |
| A. | 1only |
| B. | 2 only |
| C. | Both 1and 2 |
| D. | Neither 1 nor 2 |
| Answer» E. | |
| 390. |
Planning in India derives its objectives from: |
| A. | Fundamental Rights |
| B. | Directive Principles of State policy |
| C. | Fundamental Duties |
| D. | Preamble |
| Answer» C. Fundamental Duties | |
| 391. |
Special Drawing Rights (SOR) facility is available at : [SSC Graduate 2003] |
| A. | International Monetary Fund (IMF) |
| B. | World Bank (IBRD) |
| C. | International Development Association (lDA) |
| D. | Organisation of Economic Cooperation and Development (OECD) |
| Answer» B. World Bank (IBRD) | |
| 392. |
Which one of the following Indian banks is not a nationalized bank? [IAS 2006] |
| A. | Corporation Bank |
| B. | Dena Bank |
| C. | Federal bank |
| D. | Vijaya Bank |
| Answer» D. Vijaya Bank | |
| 393. |
Which among the following is true? 1. Decrease in cash reserve ratio injects higher liquidity in the system 2. Higher liquidity in the system may soften interest rates 3. Higher market borrowing by the government leads to rise in interest rates Choose your answer from: |
| A. | 1 and 2 |
| B. | 1 and 3 |
| C. | 2 and 3 |
| D. | 1, 2 and 3 |
| Answer» E. | |
| 394. |
All of the following are subsidiaries of the State Bank of India, except: |
| A. | State Bank of Bikaner and Jaipur |
| B. | Central Bank of India |
| C. | State Bank of Hyderabad |
| D. | State Bank of Patiala |
| Answer» C. State Bank of Hyderabad | |
| 395. |
In India, the service tax was first introduced in the year: [CDS 2001] |
| A. | 1998 |
| B. | 1996 |
| C. | 1994 |
| D. | 1992 |
| Answer» D. 1992 | |
| 396. |
The 11th Five Year Plan strategy to raise agricultural output envisages which of the following? 1. Greater attention to land reforms. 2. Double the rate of growth of irrigated area. 3. Promote animal husbandry and fishery. 4. Interest free credit to the farmers. Select the correct answer [CDS 2008] |
| A. | 1 and 2 only |
| B. | 2 and 3 only |
| C. | 1, 2 and 3 |
| D. | 2 and 4 only |
| Answer» D. 2 and 4 only | |
| 397. |
Which one of the following is the task of the Planning Commission? [NDA 1991] |
| A. | Preparation of the plan |
| B. | Implementation of the plan |
| C. | Financing of the plan |
| D. | Both (a) and (b) |
| Answer» B. Implementation of the plan | |
| 398. |
Microeconomics is concerned with: 1. behaviour of industrial decision-makers 2. the level of employment 3. changes in the general level of prices 4. determination of prices of goods and services |
| A. | 1 and 2 |
| B. | 2 and 3 |
| C. | 3 and 4 |
| D. | 1 and 4 |
| Answer» E. | |
| 399. |
Consider the following events: 1. Conversion of Imperial Bank of India into S.B.I. 2. Establishment of NABARD 3. Setting up of RRBs 4. Nationalisation of R.B.I. The correct chronological sequence of these events is : [CDS 1999] |
| A. | 4, 1, 2, 3 |
| B. | 4, 1, 3, 2 |
| C. | 1, 4, 3, 2 |
| D. | 1, 4, 2, 3 |
| Answer» C. 1, 4, 3, 2 | |
| 400. |
"Sustainability" as an indicator of economic growth means |
| A. | elimination of poverty |
| B. | more productivity |
| C. | responsible use of resources |
| D. | none |
| Answer» D. none | |