MCQOPTIONS
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MCQOPTIONS
This section includes 74 Mcqs, each offering curated multiple-choice questions to sharpen your General Knowledge knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
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. | |
| 52. |
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. | |
| 53. |
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. | |
| 54. |
National expenditure includes |
| A. | consumption expenditure |
| B. | investment expenditure |
| C. | government expenditure |
| D. | All of the above |
| Answer» E. | |
| 55. |
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 | |
| 56. |
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 | |
| 57. |
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 | |
| 58. |
How many banks were nationalized in 1969? |
| A. | 16 |
| B. | 14 |
| C. | 15 |
| D. | 20 |
| Answer» C. 15 | |
| 59. |
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 | |
| 60. |
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. | |
| 61. |
Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to |
| A. | 80 percent |
| B. | 83 percent |
| C. | 90 percent |
| D. | 100 percent |
| Answer» E. | |
| 62. |
Which of the following is not a part of machinery that settles industrial disputes? |
| A. | Wage Court |
| B. | Works Committee |
| C. | Conciliation officers |
| D. | Board of Conciliation |
| Answer» B. Works Committee | |
| 63. |
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 | |
| 64. |
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 | |
| 65. |
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. | |
| 66. |
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 | |
| 67. |
Reserve Bank of India was nationalized in the year |
| A. | 1935 |
| B. | 1945 |
| C. | 1949 |
| D. | 1969 |
| Answer» D. 1969 | |
| 68. |
In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this?
|
| A. | I, II, III |
| B. | I, II |
| C. | I, III |
| D. | II, III |
| Answer» B. I, II | |
| 69. |
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 | |
| 70. |
On which one of the followings is the benefits received principle of taxation to achieve optimality bases? |
| A. | Marginal benefit received |
| B. | Total benefit received |
| C. | Average benefit received |
| D. | Ability to pay for the benefit |
| Answer» E. | |
| 71. |
Paper currency first started in India in |
| A. | 1861 |
| B. | 1542 |
| C. | 1601 |
| D. | 1880 |
| Answer» B. 1542 | |
| 72. |
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 | |
| 73. |
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 | |
| 74. |
Deficit financing leads to inflation in general, but it can be checked if |
| A. | government expenditure leads to increase in the aggregate supply in ratio of aggregate demand |
| B. | only aggregate demand is increased |
| C. | all the expenditure is denoted national debt payment only |
| D. | All of the above |
| Answer» E. | |