With reference to the Government of India's various programmes, what is Nirmal Gram Puraskar? [IAS 2006]

It is an incentive scheme of scholarships for the single girl child in families in villages.

It is an incentive scheme of scholarships for female sportspersons from villages who represent their states in any game.

It is an incentive scheme for schools in the villages for computer education.

It is an incentive scheme Panchayati Raj institutions.

For which one of the following purposes, the Government has launched the Rajiv Awas Yojana? [Punjab & Sindh Bank 2011]

To provide affordable houses to people living BPL

To provide affordable houses to rural poor

To provide affordable houses to minorities

To provide affordable houses to slum dwellers and the urban poor

The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following? [IAS 2007]

Life Insurance Corporation of India

Which of the following gives an accurate measurement of economic development through Five Year Plans?

Development of industrial towns and industrial estates

Development of education and health services

Development of railways and roadways

Rise in national income and per capita income

Development of industrial towns and industrial estates

National income calculated at current prices in India has shown a tendency to rise at a faster rate than national income at constant prices. This is because:

Statistically manipulations are employed by the Planning

India's population has been rising fast

General price level in the economy has been rising rapidly

Statistically manipulations are employed by the Planning

Base year chosen is an abnormal year

Which of the following is not required while computing Gross National Product (GNP)? [Asstt Grade 1992]

Purchase of goods by government

For regulation of the Insurance Trade in the country the Government has formed: [UP PCS 2002]

Insurance Regulatory and Development Authority

Many times we see in financial journals/bulletins a term M3. What is M3? [RBI Grade B Officer 2011]

Currency in circulation on a particular day

Total value of foreign exchange on a particular day

Total value of export credit on a given date

Which one of the following is the correct statements? Service tax is a/an [IAS 2006]

direct tax levied by the State Government

direct tax levied by the Central Government

indirect tax levied by the Central Government

direct tax levied by the State Government

indirect tax levied by the State Government

In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India? [IAS 2004]

Chemicals other than fertilizers

92 + Mcqs in Indian Economy in Bachelor of Business Administration (BBA) Page 1 McqOptions

1.	Which of the following features indicate that Indian economy is of the developing category? I. Occupation mainly agricultural II. Chronic unemployment III. Poor quality of human capital IV. Low per capita intake of proteins
A.	I, II and III
B.	I and IV
C.	II and III
D.	I, II, III and IV
Answer» E.

Discussion

2.	Which one of the following Five-Year Plans recognised human development as the core of all developmental efforts? [IAS 1995]
A.	The Third Five-Year Plan
B.	The Fifth Five-Year Plan
C.	The Sixth Five-Year Plan
D.	The Eighth Five-Year Plan
Answer» E.

Discussion

3.	What is the correct sequence of the following strategies used for Five Year Plans in India? 1. Balanced growth 2. Rehabilitation of the economy 3. Industrial development
A.	1, 3, 2
B.	2, 1, 3
C.	2, 3, 1
D.	3, 2, 1
Answer» D. 3, 2, 1

Discussion

4.	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

Discussion

5.	Which of the statements given below is/are correct? [CDS 2008]1. Food for Work Programme was launched in India during the 10th Five Year Plan.2. The Planning Commission in India is a constitutional body.
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» B. 2 only

Discussion

6.	Among the causes of inflation can be listed:1. slow growth in agricultural output2. increasing non-development expenditure of Government3. rapid population growth4. rapid growth in costly imports
A.	1 and 2
B.	2 and 3
C.	1, 2, 3 and 4
D.	1 and 4 only
Answer» D. 1 and 4 only

Discussion

7.	An amount given by a government agency or even private body to encourage a particular economic activity is a :
A.	grant
B.	loan
C.	subsidy
D.	mutual fund
Answer» D. mutual fund

Discussion

8.	After agriculture, --------------provides highest employment to the local & neighborhood residents.
A.	Cottage Industry
B.	Rural Industry
C.	Small scale sector
D.	none
Answer» D. none

Discussion

9.	The annual growth rate of India s population according to 2011census is:
A.	1.9%
B.	1.76%
C.	2%
D.	none
Answer» C. 2%

Discussion

10.	The terms of economics, the recession occurring two times with a small gap in between is known as [Bank of India PO 2010]
A.	Double Deflation
B.	Deflation
C.	Deep Recession
D.	Double Dip Recession
Answer» D. Double Dip Recession

Discussion

11.	To meet the growing needs for coins in the country, where does the Government propose to set up another mint?
A.	Nasik
B.	Hoshangabad
C.	Dewas
D.	Noida
Answer» E.

Discussion

12.	Consider the following statements: The price of any currency in international market is decided by the [IAS 1998] 1. World Bank 2. Demand for goods/services provided by the country concerned 3. stability of the government of the concerned country 4. economic potential of the country in question Of these statements:
A.	1, 2, 3 and 4 are correct
B.	2 and 3 are correct
C.	3 and 4 are correct
D.	1 and 4 are correct
Answer» C. 3 and 4 are correct

Discussion

13.	Unemployment which occurs when workers move from one job to another job is known as : [IAS 1992]
A.	seasonal unemployment
B.	frictional unemployment
C.	cyclical unemployment
D.	technological unemployment
Answer» C. cyclical unemployment

Discussion

14.	Which Committee's recommendations are being followed for estimating Poverty Line in India?
A.	Dutt Committee
B.	Chelliah Committee
C.	Chakravorty Committee
D.	Lakdawala Committee
Answer» E.

Discussion

15.	The budget broadly comprises:(i) revenue budget, and(li) capital budget. Which of thefollowing item or items is/are not covered under the revenue budget?I. Different proceeds of taxes and other duties levied by the governmentII. Interest and dividend on investments made by the governmentIII. Expenditure on running the government and various servicesIV. Market loans raised by the government
A.	III and IV
B.	II and III
C.	only II
D.	only IV
Answer» E.

Discussion

16.	Consider the following statements: [IAS 2004]1. Regarding the procurement of foodgrains, the Government of India follows a procurement target rather than an open-ended procurement policy2. Government of India announces minimum support price only for cereals3. For distribution under Targeted Public Distribution System (TPDS)wheat and rice are issued by the Government of India at uniform central issue prices to the States/Union Territories Which of the statements given above is/are correct?
A.	1 and 2
B.	2 only
C.	1 and 3
D.	3 only
Answer» E.

Discussion

17.	Which among the following is not correct with regard to Sampoorna Grameen Rozgar Yojana?1. The case component of the programme is borne exclusively by the Central Government.2. Foodgrains are provided free of cost to the States/Union Territories. Select the answer using the codes given below [NDA 2008]
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» C. Both 1 and 2

Discussion

18.	With reference to the Government of India's various programmes, what is Nirmal Gram Puraskar? [IAS 2006]
A.	It is an incentive scheme of scholarships for the single girl child in families in villages.
B.	It is an incentive scheme of scholarships for female sportspersons from villages who represent their states in any game.
C.	It is an incentive scheme for schools in the villages for computer education.
D.	It is an incentive scheme Panchayati Raj institutions.
Answer» E.

Discussion

19.	Consider the following statements in respect of the National Rural Employment Guarantee Act, 2005 : 1. Under the provisions of the Act, 100 days of employment in a year to every household whose adult members volunteer to do unskilled manual work has become a fundamental right. 2. Under the provisions of the Act, women are to get priority to the extent that one-half of persons who are given employment are women who have asked for work. Which of the statements given above is/are correct? [IAS 2006]
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 and 2
Answer» C. Both 1 and 2

Discussion

20.	Which of these programs has not been included in the Swarna Jayanti Swarozgar Yojana?
A.	IRDP
B.	TRYSEM
C.	DWCRA
D.	JR
Answer» E.

Discussion

21.	What is the minimum calorie intake decided by the Planning Commission for rural and urban areas, respectively ?
A.	2400 and 2100
B.	2100and 2400
C.	2400 and 2200
D.	2100 and 2200
Answer» B. 2100and 2400

Discussion

22.	For which one of the following purposes, the Government has launched the Rajiv Awas Yojana? [Punjab & Sindh Bank 2011]
A.	To provide affordable houses to people living BPL
B.	To provide affordable houses to rural poor
C.	To provide affordable houses to minorities
D.	To provide affordable houses to slum dwellers and the urban poor
Answer» E.

Discussion

23.	Which of the following measures should be taken when an economy is going through inflationary pressures?1. The direct taxes should be increased.2. The interest rate should be reduced.3. The public spending should be increasedSelect the correct answer using the code given below: [CDS 2012] Code:
A.	1 only
B.	2 only
C.	2 and 3
D.	1 and 2
Answer» C. 2 and 3

Discussion

24.	Which of the following activities would Small Industries Development Bank of India (SIDBI) undertake under the new rural industrialisation programme? [Bank PO 1994] 1. Consultation in erecting the project 2. Providing marketing assistance and refinance facilities at later stage 3. Running the project during initial stage
A.	Only 1and 2
B.	Only 2 and 3
C.	Only 2
D.	Only 1
Answer» B. Only 2 and 3

Discussion

25.	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.

Discussion

26.	In order to be scheduled to the Reserve Bank of India, a bank should have capital and reserve of not less than:
A.	1 lakh
B.	5 lakhs
C.	10 lakhs
D.	50 Iakhs
Answer» C. 10 lakhs

Discussion

27.	The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following? [IAS 2007]
A.	State Bank of India
B.	Reserve Bank of India
C.	ICICI Bank
D.	Life Insurance Corporation of India
Answer» C. ICICI Bank

Discussion

28.	Which of the following constitute short-term sources of finance for small scale industries? 1. Private money lenders 2. Loans by commercial banks 3. Credit Guarantee schemes 4. National Small Industries Corporation
A.	1, 2 and 3
B.	1 only
C.	1, 2 and 4
D.	1, 2, 3 and 4
Answer» B. 1 only

Discussion

29.	Consider the following statements : [IAS 2004] India continues to be dependent on imports to meet the requirement of oilseeds in the country because: 1. farmers prefer to grow food grains with highly remunerative support prices 2. most of the cultivation of oilseed crops continues to be dependent on rainfall 3. oils from the seeds of tree origin and rice bran have remained unexploited 4. it is far cheaper to import oilseeds than to cultivate the oilseed crops Which of the statements given above are correct?
A.	1 and 2
B.	1, 2 and 3
C.	3 and 4
D.	1, 2, 3 and 4
Answer» C. 3 and 4

Discussion

30.	Deficit financing creates additional paper currency to fill the gap between expenditure and revenue. This device aims at economic development but if it fails, it generates : [IFS 1990]
A.	inflation
B.	devaluation
C.	deflation
D.	demonetization
Answer» B. devaluation

Discussion

31.	In which year, some more commercial banks (in addition to the first lot of 14) were nationalised in India?
A.	1976
B.	1979
C.	1980
D.	1982
Answer» D. 1982

Discussion

32.	After 1991, the Central Government implemented various far-reaching reforms in the area of taxation. This was based on the recommendations of the: [CDS 1999]
A.	Wanchoo Committee
B.	Rajah Chelliah Committee
C.	Raj Committee
D.	Narsimhan Committee
Answer» C. Raj Committee

Discussion

33.	Which of the following gives an accurate measurement of economic development through Five Year Plans?
A.	Development of education and health services
B.	Development of railways and roadways
C.	Rise in national income and per capita income
D.	Development of industrial towns and industrial estates
Answer» D. Development of industrial towns and industrial estates

Discussion

34.	National income calculated at current prices in India has shown a tendency to rise at a faster rate than national income at constant prices. This is because:
A.	India's population has been rising fast
B.	General price level in the economy has been rising rapidly
C.	Statistically manipulations are employed by the Planning
D.	Base year chosen is an abnormal year
Answer» C. Statistically manipulations are employed by the Planning

Discussion

35.	Which of the following is not required while computing Gross National Product (GNP)? [Asstt Grade 1992]
A.	Net foreign investment
B.	Private investment
C.	Per capita income of citizens
D.	Purchase of goods by government
Answer» D. Purchase of goods by government

Discussion

36.	Which of the following provides the largest part of the demand for loanable funds in India?
A.	Farmers
B.	Private-house purchasers
C.	Corporate businesses
D.	Hire-purchase borrowers
Answer» D. Hire-purchase borrowers

Discussion

37.	Amongst the currency quotes USD/JPY, USD/Euro and USD/CAD, which one of the following is referred as the base currency for quotes? [Punjab & Sindh Bank 2011]
A.	US $
B.	JPY
C.	Euro
D.	CAD
Answer» B. JPY

Discussion

38.	The RBI has regional offices at various places. At which of the following places it does not have an office? [RBI Grade B Officer 2011]
A.	Kota
B.	Nagpur
C.	Lucknow
D.	Panaji
Answer» B. Nagpur

Discussion

39.	Who amongst the following has never held post of the Governor of the RBI? [RBI Grade B Officer 2011]
A.	C. Rangarajan
B.	L.K. Jha
C.	Manmohan Singh
D.	Usha Thorat
Answer» E.

Discussion

40.	For regulation of the Insurance Trade in the country the Government has formed: [UP PCS 2002]
A.	SEBI
B.	Reserve Bank of India
C.	Insurance Regulatory and Development Authority
D.	General Insurance Corporation
Answer» D. General Insurance Corporation

Discussion

41.	Many times we see in financial journals/bulletins a term M3. What is M3? [RBI Grade B Officer 2011]
A.	Currency in circulation on a particular day
B.	Total value of foreign exchange on a particular day
C.	Total value of export credit on a given date
D.	None of these
Answer» E.

Discussion

42.	Consider the following statements: In India, taxes on transactions in Stock Exchanges and Futures Markets are 1. levied by the Union 2. collected by the States Which of the statements given above is/are correct? [IAS 2010]
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» B. 2 only

Discussion

43.	Which of the following gives a correct picture of the share of various sectors in economic growth in India over the years? 1. Primary sector-stagnant 2. Secondary sector-increasing 3. Tertiary sector-decreasing
A.	1 and 2
B.	2 and 3
C.	2 only
D.	1 only
Answer» D. 1 only

Discussion

44.	As we all know rise of the 'BRICS' has left a vast impact on almost all aspects of the global economy. However, which of the following cannot be called as the direct effect(s) of 'Rise of the BRICS' on global/other powerful economy/ economies? [Punjab & Sindh Bank 2011](A) Countries like China wish to learn more about outsourcing from India.(B) It has made countries to suffer from Sub-prime Crisis.(C) EURO has become a powerful currency and many non-Euro countries are in 'Swap Agreement' with various nations.
A.	Only A
B.	Only B
C.	Only C
D.	None of these
Answer» E.

Discussion

45.	Which of the following expenses do not require the sanction of Parliament? I. Salary and allowances of the President and CAG II. Debt charges of the Government III. Defence expenditure IV. Maintenance expenditure of embassies
A.	I, II, III, IV
B.	I, II, III
C.	I, II
D.	II, IV
Answer» D. II, IV

Discussion

46.	According to nominal Net State domestic product per capita ----- is the poorest state in India.
A.	Haryana
B.	Bihar
C.	Orrisa
D.	none
Answer» C. Orrisa

Discussion

47.	Which one of the following is the correct statements? Service tax is a/an [IAS 2006]
A.	direct tax levied by the Central Government
B.	indirect tax levied by the Central Government
C.	direct tax levied by the State Government
D.	indirect tax levied by the State Government
Answer» C. direct tax levied by the State Government

Discussion

48.	A tax that takes away a higher proportion of one's income as the income rises is termed as [I. Tax & Central Excise 1990]
A.	indirect tax
B.	progressive tax
C.	regressive tax
D.	proportional tax
Answer» C. regressive tax

Discussion

49.	In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India? [IAS 2004]
A.	Chemicals other than fertilizers
B.	Services sector
C.	Food processing
D.	Telecommunication
Answer» E.

Discussion

50.	Consider the following statements: In India, stamp duties on financial transactions are: 1. levied and collected by the State Government 2. appropriated by the Union Government Which of the statements is/are correct?
A.	Only 1
B.	Only 2
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» E.

Discussion

Explore topic-wise MCQs in Bachelor of Business Administration (BBA).

Which of the following features indicate that Indian economy is of the developing category? I. Occupation mainly agricultural II. Chronic unemployment III. Poor quality of human capital IV. Low per capita intake of proteins

Which one of the following Five-Year Plans recognised human development as the core of all developmental efforts? [IAS 1995]

What is the correct sequence of the following strategies used for Five Year Plans in India? 1. Balanced growth 2. Rehabilitation of the economy 3. Industrial development

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]

Which of the statements given below is/are correct? [CDS 2008]1. Food for Work Programme was launched in India during the 10th Five Year Plan.2. The Planning Commission in India is a constitutional body.

Among the causes of inflation can be listed:1. slow growth in agricultural output2. increasing non-development expenditure of Government3. rapid population growth4. rapid growth in costly imports

An amount given by a government agency or even private body to encourage a particular economic activity is a :

After agriculture, --------------provides highest employment to the local & neighborhood residents.

The annual growth rate of India s population according to 2011census is:

The terms of economics, the recession occurring two times with a small gap in between is known as [Bank of India PO 2010]

To meet the growing needs for coins in the country, where does the Government propose to set up another mint?

Unemployment which occurs when workers move from one job to another job is known as : [IAS 1992]

Which Committee's recommendations are being followed for estimating Poverty Line in India?

With reference to the Government of India's various programmes, what is Nirmal Gram Puraskar? [IAS 2006]

Which of these programs has not been included in the Swarna Jayanti Swarozgar Yojana?

What is the minimum calorie intake decided by the Planning Commission for rural and urban areas, respectively ?

For which one of the following purposes, the Government has launched the Rajiv Awas Yojana? [Punjab & Sindh Bank 2011]

Which of the following measures should be taken when an economy is going through inflationary pressures?1. The direct taxes should be increased.2. The interest rate should be reduced.3. The public spending should be increasedSelect the correct answer using the code given below: [CDS 2012] Code:

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]

In order to be scheduled to the Reserve Bank of India, a bank should have capital and reserve of not less than:

The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following? [IAS 2007]

Which of the following constitute short-term sources of finance for small scale industries? 1. Private money lenders 2. Loans by commercial banks 3. Credit Guarantee schemes 4. National Small Industries Corporation

Deficit financing creates additional paper currency to fill the gap between expenditure and revenue. This device aims at economic development but if it fails, it generates : [IFS 1990]

In which year, some more commercial banks (in addition to the first lot of 14) were nationalised in India?

After 1991, the Central Government implemented various far-reaching reforms in the area of taxation. This was based on the recommendations of the: [CDS 1999]

Which of the following gives an accurate measurement of economic development through Five Year Plans?

National income calculated at current prices in India has shown a tendency to rise at a faster rate than national income at constant prices. This is because:

Which of the following is not required while computing Gross National Product (GNP)? [Asstt Grade 1992]

Which of the following provides the largest part of the demand for loanable funds in India?

Amongst the currency quotes USD/JPY, USD/Euro and USD/CAD, which one of the following is referred as the base currency for quotes? [Punjab & Sindh Bank 2011]

The RBI has regional offices at various places. At which of the following places it does not have an office? [RBI Grade B Officer 2011]

Who amongst the following has never held post of the Governor of the RBI? [RBI Grade B Officer 2011]

For regulation of the Insurance Trade in the country the Government has formed: [UP PCS 2002]

Many times we see in financial journals/bulletins a term M3. What is M3? [RBI Grade B Officer 2011]

Consider the following statements: In India, taxes on transactions in Stock Exchanges and Futures Markets are 1. levied by the Union 2. collected by the States Which of the statements given above is/are correct? [IAS 2010]

Which of the following gives a correct picture of the share of various sectors in economic growth in India over the years? 1. Primary sector-stagnant 2. Secondary sector-increasing 3. Tertiary sector-decreasing

Which of the following expenses do not require the sanction of Parliament? I. Salary and allowances of the President and CAG II. Debt charges of the Government III. Defence expenditure IV. Maintenance expenditure of embassies

According to nominal Net State domestic product per capita ----- is the poorest state in India.

Which one of the following is the correct statements? Service tax is a/an [IAS 2006]

A tax that takes away a higher proportion of one's income as the income rises is termed as [I. Tax & Central Excise 1990]

In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India? [IAS 2004]

Consider the following statements: In India, stamp duties on financial transactions are: 1. levied and collected by the State Government 2. appropriated by the Union Government Which of the statements is/are correct?