MCQOPTIONS
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MCQOPTIONS
This section includes 1254 Mcqs, each offering curated multiple-choice questions to sharpen your General Knowledge knowledge and support exam preparation. Choose a topic below to get started.
| 1001. |
In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models? |
| A. | Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level |
| B. | Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level |
| C. | Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level |
| D. | Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level |
| Answer» E. | |
| 1002. |
Deficit financing implies |
| A. | printing new currency notes |
| B. | replacing new currency with worn out currency |
| C. | public expenditure in excess of public revenue |
| D. | public revenue in excess of public expenditure |
| Answer» D. public revenue in excess of public expenditure | |
| 1003. |
Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to |
| A. | ARDC |
| B. | SBI |
| C. | NABARD |
| D. | PACs |
| Answer» D. PACs | |
| 1004. |
Devaluation of currency leads to |
| A. | fall in domestic prices |
| B. | increase in domestic prices |
| C. | no impact on domestic prices |
| D. | erratic fluctuations in domestic prices |
| Answer» C. no impact on domestic prices | |
| 1005. |
The ARDC is now a branch of the |
| A. | RBI |
| B. | NABARD |
| C. | IDBI |
| D. | SDBI |
| Answer» C. IDBI | |
| 1006. |
Paper currency first started in India in |
| A. | 1861 |
| B. | 1542 |
| C. | 1601 |
| D. | 1880 |
| Answer» B. 1542 | |
| 1007. |
In utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process? |
| A. | Rs 1000 |
| B. | Rs 500 |
| C. | Rs 400 |
| D. | Rs 300 |
| Answer» E. | |
| 1008. |
The budget deficit means |
| A. | the excess of total expenditure, including loans, net of lending over revenue receipts |
| B. | difference between revenue receipts and revenue expenditure |
| C. | difference between all receipts and all the expenditure |
| D. | fiscal deficit less interest payments |
| Answer» D. fiscal deficit less interest payments | |
| 1009. |
In India, which one among the following formulates the fiscal policy? |
| A. | Planning Commission |
| B. | Ministry of Finance |
| C. | Finance Commission |
| D. | The Reserve Bank of India |
| Answer» C. Finance Commission | |
| 1010. |
Short-term finance is usually for a period ranging up to |
| A. | 5 months |
| B. | 10 months |
| C. | 12 months |
| D. | 15 months |
| Answer» D. 15 months | |
| 1011. |
Redistribution polices geared to reduce economic inequalities include |
| A. | progressive tax policies |
| B. | land reforms |
| C. | rural development policies |
| D. | All the above |
| Answer» E. | |
| 1012. |
If the RBI adopts an expansionist open market operations policy, this means that it will |
| A. | buy securities from non-government holders |
| B. | sell securities in the open market |
| C. | offer commercial banks more credit in the open market |
| D. | openly announce to the market that it intends to expand credit |
| Answer» D. openly announce to the market that it intends to expand credit | |
| 1013. |
Which of the following is not an undertaking under the administrative control of Ministry of Railways? |
| A. | Container Corporation of India Limited |
| B. | Konkan Railway Corporation Limited |
| C. | Indian Railways Construction Company Limited |
| D. | Diesel Locomotive Works, Varanasi |
| Answer» D. Diesel Locomotive Works, Varanasi | |
| 1014. |
The apex body for formulating plans and coordinating research work in agriculture and allied fields is |
| A. | State Trading Corporation |
| B. | Regional Rural Banks |
| C. | National Bank for Agriculture and Rural Development (NABARD) |
| D. | Indian Council of Agricultural Research |
| Answer» E. | |
| 1015. |
Resurgent India Bonds were issued in US dollar, Pound Sterling and |
| A. | Japanese Yen |
| B. | Deutsche Mark |
| C. | Euro |
| D. | French Franc |
| Answer» C. Euro | |
| 1016. |
National expenditure includes |
| A. | consumption expenditure |
| B. | investment expenditure |
| C. | government expenditure |
| D. | All of the above |
| Answer» E. | |
| 1017. |
Subsidies mean |
| A. | payment by government for purchase of goods and services |
| B. | payment made by business enterprises to factors of production |
| C. | payment made by companies to shareholders |
| D. | payment made by the government to business enterprises, without buying any goods and services |
| Answer» E. | |
| 1018. |
The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of |
| A. | 15 to 20 percent |
| B. | 20 to 25 percent |
| C. | 25 to 30 percent |
| D. | 30 to 35 percent |
| Answer» C. 25 to 30 percent | |
| 1019. |
The annual yield from which of the following Union Government taxes is the highest? |
| A. | Custom duties |
| B. | Corporation tax and income tax |
| C. | Inheritance tax, wealth tax, interest tax and gift tax |
| D. | Excise duties |
| Answer» E. | |
| 1020. |
In India, inflation measured by the |
| A. | Wholesale Price Index number |
| B. | Consumers Price Index for urban non-manual workers |
| C. | Consumers Price Index for agricultural workers |
| D. | National Income Deflation |
| Answer» B. Consumers Price Index for urban non-manual workers | |
| 1021. |
In India, the first bank of limited liability manages 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 | |
| 1022. |
How many banks were nationalized in 1969? |
| A. | 16 |
| B. | 14 |
| C. | 15 |
| D. | 20 |
| Answer» C. 15 | |
| 1023. |
Fiscal deficit in the Union Budget means |
| A. | the difference between current expenditure and current revenue |
| B. | net increase in Union Governments borrowings from the Reserve Bank of India |
| C. | the sum of budgetary deficit and net increase in internal and external borrowings |
| D. | the sum of monetized deficit and budgetary deficit |
| Answer» D. the sum of monetized deficit and budgetary deficit | |
| 1024. |
If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit? |
| A. | Rs. 50,000 crores |
| B. | Rs. 25,000 crores |
| C. | Rs. 1,00,000 crores |
| D. | Rs. 1,25,000 crores |
| Answer» B. Rs. 25,000 crores | |
| 1025. |
National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year |
| A. | 1997 |
| B. | 1998 |
| C. | 1999 |
| D. | 2000 |
| Answer» D. 2000 | |
| 1026. |
In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this? A large number of farmers are illiterate and know little about scientific agriculture Prices of primary products are lower than those of manufactured products Investment in agriculture has been low when compared to investment in industry |
| A. | I, II, III |
| B. | I, II |
| C. | I, III |
| D. | II, III |
| Answer» B. I, II | |
| 1027. |
Reserve Bank of India was nationalized in the year |
| A. | 1935 |
| B. | 1945 |
| C. | 1949 |
| D. | 1969 |
| Answer» D. 1969 | |
| 1028. |
The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called |
| A. | Statutory Bank Ratio (SBR) |
| B. | Statutory Liquid Ratio (SLR) |
| C. | Central Bank Reserve (CBR) |
| D. | Central Liquid Reserve (CLR) |
| Answer» C. Central Bank Reserve (CBR) | |
| 1029. |
Of the gross tax revenue of the Union Government the indirect taxes account for nearly |
| A. | 70 per cent |
| B. | 75 percent |
| C. | 65 percent |
| D. | 60 percent |
| Answer» D. 60 percent | |
| 1030. |
Devaluation of currency will be more beneficial if |
| A. | prices of domestic goods remain constant |
| B. | prices of exports remain constant |
| C. | prices of imports remains constant |
| D. | prices of exports rise proportionately |
| Answer» C. prices of imports remains constant | |
| 1031. |
Notes on which denomination has the portrait of Mahatma Gandhi printed on them? |
| A. | 1000 rupee |
| B. | 500 rupee |
| C. | 100 rupee |
| D. | All of the above |
| Answer» E. | |
| 1032. |
The current price index (base 1960) is nearly 330. This means that |
| A. | all items cost 3-3 times more than what they did in 1960 |
| B. | the prices of certain selected items have gone up to 3-3 times |
| C. | weighted means of prices of certain item has increased 3-3 times |
| D. | gold price has gone up 3-3 times |
| Answer» D. gold price has gone up 3-3 times | |
| 1033. |
The Board of Industrial and Financial Reconstruction (BIFR) came into existence in |
| A. | 1984 |
| B. | 1986 |
| C. | 1987 |
| D. | 1989 |
| Answer» D. 1989 | |
| 1034. |
Regional rural banks have limited area of operation have free access to liberal refinance facilities from NABARD are required to lend only to weaker sections |
| A. | I, III |
| B. | II, III |
| C. | I, II, III |
| D. | I, II |
| Answer» E. | |
| 1035. |
The co-operative credit societies have a |
| A. | two-tier structure |
| B. | three-tier structure |
| C. | four-tier structure |
| D. | five-tier structure |
| Answer» C. four-tier structure | |
| 1036. |
lf an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be |
| A. | zero |
| B. | equal to government income |
| C. | larger than government income |
| D. | negative |
| Answer» C. larger than government income | |
| 1037. |
Since the inception of the co-operative movement, rural credits has been |
| A. | institutionalized |
| B. | rationalized |
| C. | cheapened |
| D. | All of the above |
| Answer» E. | |
| 1038. |
Revenue of the state governments are raised from the following sources, except |
| A. | entertainment tax |
| B. | expenditure tax |
| C. | agricultural income tax |
| D. | land revenue |
| Answer» D. land revenue | |
| 1039. |
Deficit financing means that the government borrows money from the |
| A. | RBI |
| B. | local bodies |
| C. | big businessmen |
| D. | IMF |
| Answer» B. local bodies | |
| 1040. |
The condition of indirect taxes in the country's revenue is approximately |
| A. | 70 percent |
| B. | 75 percent |
| C. | 80 percent |
| D. | 86 percent |
| Answer» E. | |
| 1041. |
Which of the following is not viewed as a national debt? |
| A. | Provident Fund |
| B. | Life Insurance Policies |
| C. | National Saving Certificate |
| D. | Long-term Government Bonds |
| Answer» D. Long-term Government Bonds | |
| 1042. |
Non Tax revenues can be increased by improving the working of the |
| A. | State Road Transport Corporations |
| B. | electricity boards |
| C. | commercial irrigation projects |
| D. | All of the above |
| Answer» D. All of the above | |
| 1043. |
Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country? |
| A. | Reliance Energy |
| B. | Essar Oil |
| C. | GAIL |
| D. | ONGC |
| Answer» C. GAIL | |
| 1044. |
In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines |
| A. | to govern entry of new private sector banks to make the banking sector more competitive |
| B. | to reduce the freedom given to banks to rationalize their existing branch network |
| C. | to setup more foreign exchange banks |
| D. | to lend more easily for industrial development |
| Answer» B. to reduce the freedom given to banks to rationalize their existing branch network | |
| 1045. |
Excise duty is a tax levied on the |
| A. | import of goods |
| B. | export of goods |
| C. | production of goods |
| D. | sale of goods |
| Answer» D. sale of goods | |
| 1046. |
Debenture holders of a company are its |
| A. | shareholders |
| B. | creditors |
| C. | debtors |
| D. | directors |
| Answer» C. debtors | |
| 1047. |
Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfer are |
| A. | tax sharing |
| B. | grant-in-aids |
| C. | loans |
| D. | All the above |
| Answer» E. | |
| 1048. |
States earn maximum revenue through |
| A. | land revenue |
| B. | custom revenue |
| C. | commercial taxes |
| D. | excise duties on intoxicants |
| Answer» D. excise duties on intoxicants | |
| 1049. |
The first wholly Indian Bank was set up in |
| A. | 1794 |
| B. | 1894 |
| C. | 1896 |
| D. | 1902 |
| Answer» C. 1896 | |
| 1050. |
The central co-operative banks are in direct touch with |
| A. | farmers |
| B. | state co-operative banks |
| C. | land development banks |
| D. | central government |
| Answer» C. land development banks | |