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.
| 101. |
Which statement describes the term salary? |
| A. | Salary refers to the fixed amount paid on a daily basis. |
| B. | Salary refers to the varying amount paid on a daily basis. |
| C. | Salary refers to the fixed amount paid on a weekly, bi-weekly, or monthly basis. |
| D. | None of the above |
| Answer» D. None of the above | |
| 102. |
Which tax uses the same rate for all income levels? |
| A. | Income tax |
| B. | Proportional tax |
| C. | Both A & B |
| D. | Service tax |
| Answer» C. Both A & B | |
| 103. |
Which would most likely increase aggregate supply? |
| A. | A decrease in net exports |
| B. | A decrease in business subsidies |
| C. | An increase in productivity |
| D. | An increase in the prices of imported products |
| Answer» E. | |
| 104. |
Which tax causes a burden on the poorer section of the society? |
| A. | Direct Tax |
| B. | Indirect Tax |
| C. | Both Direct and Indirect Tax |
| D. | None of these |
| Answer» C. Both Direct and Indirect Tax | |
| 105. |
Which state in India  is estimated to have the largest coal reserves in India |
| A. | Bihar |
| B. | Jharkhand |
| C. | Madhya Pradesh |
| D. | Orissa |
| Answer» C. Madhya Pradesh | |
| 106. |
Which state of India has recorded the highest rate of population growth in the last Census 2001 |
| A. | Gujarat |
| B. | Manipur |
| C. | Nagaland |
| D. | Haryana |
| Answer» D. Haryana | |
| 107. |
Which State of India has the largest area |
| A. | Uttar Pradesh |
| B. | Madhya Pradesh |
| C. | Maharashtra |
| D. | Rajasthan |
| Answer» E. | |
| 108. |
Which sector of Indian Economy contributes largest to the Gross National Product |
| A. | Primary sector |
| B. | Secondary sector |
| C. | Tertiary sector |
| D. | Public Sector |
| Answer» D. Public Sector | |
| 109. |
Which Rating agency has projected India’s GDP growth rate to 6.9 percent for the financial year 2017-18 ? |
| A. | NOMURA |
| B. | ONICRA |
| C. | FITCH |
| D. | ICRA |
| Answer» D. ICRA | |
| 110. |
Which property would be classified as expendable? |
| A. | Food given to Army |
| B. | Cement |
| C. | Paint |
| D. | All of the above |
| Answer» E. | |
| 111. |
Which one of the following with regard to the term ‘bank run’ is correct?_x005F_x000D_ |
| A. | The net balance of money a bank has in its chest at the end of the day’s business |
| B. | The ratio of bank’s total deposits and total liabilities |
| C. | A panic situation when the deposit holders start withdrawing cash from the banks |
| D. | The period in which a bank creates highest credit in the market |
| Answer» D. The period in which a bank creates highest credit in the market | |
| 112. |
Which one of the following years is known as the 'Year of the Great Divide' with regard to population, after which there has been a continuous and rapid growth in India's population? |
| A. | 1911 |
| B. | 1921 |
| C. | 1941 |
| D. | 1951 |
| Answer» C. 1941 | |
| 113. |
Which one of the following types of unemployment is common in India agriculture |
| A. | Seasonal |
| B. | Disguised |
| C. | Frictional |
| D. | Structral |
| Answer» B. Disguised | |
| 114. |
Which plan gave emphasis on removal of poverty for the first time |
| A. | Fourth |
| B. | Fifth |
| C. | Sixth |
| D. | Seventh |
| Answer» C. Sixth | |
| 115. |
Which one of the following states/UTs of the country has more than 50% tribal population of the total population |
| A. | Andaman and Nicobar Islands |
| B. | Dadra and Nagar Haveli |
| C. | Himachal Pradesh |
| D. | Puducherry |
| Answer» C. Himachal Pradesh | |
| 116. |
Which one of the following states of India records the highest sex ratio |
| A. | Kerala |
| B. | Karnataka |
| C. | Meghalaya |
| D. | Tamil Nadu |
| Answer» B. Karnataka | |
| 117. |
Which one of the following pairs is correctly matched |
| A. | West Bengal - Highest density of population |
| B. | Himachal Pradesh - Highest sex ratio |
| C. | Uttar Pradesh - Highest percentage of Scheduled Castes population |
| D. | Nagaland - Highest percentage of Scheduled Tribes population |
| Answer» B. Himachal Pradesh - Highest sex ratio | |
| 118. |
Which one of the following National Highways is the longest |
| A. | NH-2 |
| B. | NH-7 |
| C. | NH-8 |
| D. | NH-15 |
| Answer» C. NH-8 | |
| 119. |
Which one of the following statements about Exchange-Traded Fund (ETF) is not correct?_x005F_x000D_ |
| A. | It is a marketable security. |
| B. | It experiences price changes throughout the day. |
| C. | It typically has lower daily liquidity and higher fees than mutual fund shares. |
| D. | An ETF does not have its net asset value calculated once at the end of every day. |
| Answer» D. An ETF does not have its net asset value calculated once at the end of every day. | |
| 120. |
Which one of the following is the highest gravity dam |
| A. | Beas Dam |
| B. | Nangal Dam |
| C. | Bhakra Dam |
| D. | Hirakud Dam |
| Answer» D. Hirakud Dam | |
| 121. |
Which one of the following is NOT an example of economic overheads |
| A. | Schools |
| B. | Sanitary Facilities |
| C. | Roads and Rrailways |
| D. | Coal Mines |
| Answer» E. | |
| 122. |
Which one of the following is the central theme of the Chipko Movement, started by Sunderlal Bahuguna in 1973 |
| A. | Conservation of river water |
| B. | Conservation of forests |
| C. | Protection of birds |
| D. | Protection of cheetals |
| Answer» C. Protection of birds | |
| 123. |
Which one of the following is not an instrument of Fiscal policy? |
| A. | Open Market Operations |
| B. | Taxation |
| C. | Public borrowing |
| D. | Public expenditure |
| Answer» B. Taxation | |
| 124. |
Which one of the following is not an instrument of credit control in India? |
| A. | Rationing of credit |
| B. | Direct Action |
| C. | Open Market operations |
| D. | Variable cost reserve ratios |
| Answer» E. | |
| 125. |
Which one of the following is not an assumption in the law of demand? |
| A. | There are no changes in the taste and preferences of consumers |
| B. | Income of consumers remains constant |
| C. | Consumers are affected by demonstration effect |
| D. | There are no changes in the price of substitute goods. |
| Answer» D. There are no changes in the price of substitute goods. | |
| 126. |
Which one of the following is NOT amethod of measurement of National Income |
| A. | Value added method |
| B. | Income method |
| C. | Expenditure method |
| D. | Investment method |
| Answer» E. | |
| 127. |
Which one of the following is NOT a characteristic of the population of a developed country |
| A. | Low birth rate and low death rate |
| B. | High birth and high death rate |
| C. | high proportion of urban population |
| D. | low growth rate of population |
| Answer» C. high proportion of urban population | |
| 128. |
Which one of the following is an abiotic and renewable resource |
| A. | Iron ore |
| B. | Livestock |
| C. | Water |
| D. | Forests |
| Answer» D. Forests | |
| 129. |
Which one of the following is also regarded as Disguised unemployment? |
| A. | Underemployment |
| B. | Frictional unemployment |
| C. | Seasonal unemployment |
| D. | Cyclical unemployment |
| Answer» B. Frictional unemployment | |
| 130. |
Which one is not the main objective of fiscal policy in India? |
| A. | To increase liquidity in the economy |
| B. | To promote price stability |
| C. | To minimize the inequalities of income & wealth |
| D. | To promote employment opportunity |
| Answer» B. To promote price stability | |
| 131. |
Which one of the following can be called as a part of the Service Sector |
| A. | Textile Mills |
| B. | Banking |
| C. | Coal mines |
| D. | Agriculture |
| Answer» C. Coal mines | |
| 132. |
Which one of the following is a development expenditure |
| A. | Irrigation expenditure |
| B. | Civil administration |
| C. | Debt services |
| D. | Grant in Aid |
| Answer» B. Civil administration | |
| 133. |
Which one of the following hypotheses postulates that individual's consumption in any time period depends upon resources available to the individual, rate of return on his capital and age of the individual? |
| A. | Absolute Income Hypothesis |
| B. | Relative Income Hypothesis |
| C. | Life Cycle Hypothesis |
| D. | Permanent Income Hypothesis |
| Answer» D. Permanent Income Hypothesis | |
| 134. |
Which one among the following states has the highest density of population |
| A. | Bihar |
| B. | Kerala |
| C. | Punjab |
| D. | Uttar Pradesh |
| Answer» B. Kerala | |
| 135. |
Which one among the following is a 'Ht Spot' for biological diversity in India |
| A. | Western Ghat |
| B. | Sundarban |
| C. | Chilka Lagoon |
| D. | Eastern Ghat |
| Answer» C. Chilka Lagoon | |
| 136. |
Which of these is the best description of fixed expenses?_x005F_x000D_ |
| A. | Insurance |
| B. | Payment on loans |
| C. | Rent |
| D. | All the above |
| Answer» E. | |
| 137. |
Which of the following will be the outcome if an economy is under the inflationary pressure?_x005F_x000D_ 1.Domestic currency heads for depreciation._x005F_x000D_ 2.Exports become less competitive with imports getting costlier._x005F_x000D_ 3.Cost of borrowing decreases.4.Bondholders get benefitted._x005F_x000D_ Â _x005F_x000D_ Select the correct answer using the code given below._x005F_x000D_ |
| A. | 1 and 2 |
| B. | 2 and 3 |
| C. | 1 and 3 only |
| D. | 1, 3 and 4 |
| Answer» D. 1, 3 and 4 | |
| 138. |
Which of the following will cause an increase in demand for a good? |
| A. | an increase in income if the good is an inferior goods |
| B. | a decrease in the price of the goods |
| C. | a decrease in income if the good is a normal goods |
| D. | an increase in the price of its substitute goods |
| Answer» E. | |
| 139. |
Which of the following taxes is levied by the State Government only? |
| A. | Wealth tax |
| B. | Entertainment tax |
| C. | Income tax |
| D. | Gift tax |
| Answer» C. Income tax | |
| 140. |
Which of the following statements about taxes is false? |
| A. | Some states don’t collect income tax |
| B. | Taxes at the local, state and federal level are all equal |
| C. | Taxes are collected at the local, state and federal level |
| D. | Some states don’t collect sales tax |
| Answer» B. Taxes at the local, state and federal level are all equal | |
| 141. |
Which of the following States has Shown highest decadal growth of population during 1991-2001 |
| A. | Manipur |
| B. | Meghalaya |
| C. | Nagaland |
| D. | Sikkim |
| Answer» D. Sikkim | |
| 142. |
Which of the following tax systems will help to reduce economic inequalities in India? |
| A. | Regressive Tax |
| B. | Progressive Tax |
| C. | Flat rate tax |
| D. | None of these |
| Answer» C. Flat rate tax | |
| 143. |
Which of the following statements is incorrect, if resources were unlimited? |
| A. | there would still be scarcity and opportunity costs |
| B. | there would still be scarcity but no opportunity costs |
| C. | there would be no scarcity, but there would be opportunity costs. |
| D. | there would neither be scarcity nor opportunity costs |
| Answer» D. there would neither be scarcity nor opportunity costs | |
| 144. |
Which of the following statements about GDP is correct? |
| A. | Nominal GDP values production at constant prices, whereas real GDP values production at current prices. |
| B. | Nominal GDP values production at market prices, whereas real GDP values production at the cost of the resources used in the production process. |
| C. | Nominal GDP consistently underestimates the value of production, whereas real GDP consistently overestimates the value of production. |
| D. | Nominal GDP values production at current prices, whereas real GDP values production at constant prices. |
| Answer» E. | |
| 145. |
Which of the following should always be balanced in the foreign trade of India?_x005F_x000D_ Â _x005F_x000D_ |
| A. | Balance of Trade |
| B. | Balance of Paymen |
| C. | Balance of Current Account |
| D. | No option is correct |
| Answer» C. Balance of Current Account | |
| 146. |
Which of the following sets of taxes belongs to Central Government? |
| A. | Excise duty, Sales tax and Custom duty |
| B. | Income tax, Custom duty and House tax |
| C. | Excise duty, Custom duty and Income tax |
| D. | Custom duty, Entertainment tax and Income tax |
| Answer» D. Custom duty, Entertainment tax and Income tax | |
| 147. |
Which of the following Schemes was launched to promote basic education in India and attract children in School going age to attend the classes? |
| A. | Pulse Polio Abhiyan |
| B. | Operation Flood |
| C. | Mid-Day Meal Schema |
| D. | Operation Black Board |
| Answer» D. Operation Black Board | |
| 148. |
Which of the following sectors is NOT considered ' Infrastructure Sector ' |
| A. | Software |
| B. | Cement |
| C. | Petroleum |
| D. | Steel |
| Answer» B. Cement | |
| 149. |
Which of the following represents 'I' in the abbreviation IRDP |
| A. | Integrated |
| B. | Indian |
| C. | Insurance |
| D. | Internal |
| Answer» B. Indian | |
| 150. |
Which of the following schemes was launched to promote basic education in India and attract children in school going age to attend the classes |
| A. | Pulse Polio Abhiyan |
| B. | Operation Flood |
| C. | Mid Day Meal scheme |
| D. | None of these |
| Answer» D. None of these | |