according to advertisement costs

The vicious circle theory states that

growing government assistance create addiction to welfare programs.

low income levels create pressure for money creation.

low income levels create pressure for cheap imports.

low per capita income creates low savings that keep incomes low

Low productivity of agriculture in India is not caused by:

inadequate availability of inputs

Which one of the following is NOT with in the duties of the Planning Commission? [NDA 2003]

To define the stage of growth and suggest allocation of resources

To make an assessment of the material, capital and human resources of the country

To determine the nature of machinery required for implementation of plan proposals

To prepare the annual central budget

The principal reason why national economic planning is still being pursued inspite of embracing a market economy since 1991 is that: [IAS 1994]

the vast quantity of capital already deployed in the public sector needs to be nurtured

the market economy is mainly confined to industry and commerce and central planning in agriculture is necessary

it is a constitutional requirement

Five Year Plans can continue to provide a long-term perspective to the economy in market friendly fashions

Basel II relates to which one of the following? [IAS 2007]

International standards for safety in civil aviation

Measures against drug abuse by sportspersons

International standards for measuring the adequacy of a bank's capital

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

Life Insurance Corporation of India

What is the main cause of exports surplus?

Country’s stringent import policy

Developments in national and international markets

Country’s exports promotion value

If an economy is underdeveloped, it means:

Agriculture is the main occupation

Standard of living of people is low

Production Techniques are backward and obsolete

In India, the Public Sector is most dominant in : [IAS 1993]

organised term-lending financial institutions

Under perfect competition: [GIC AAO 1993]

no firm can influence price and supply in the market

any firm can influence price in the market

any firm can influence supply in the market

any firm can influence price and supply in the market

no firm can influence price and supply in the market

Which one of the following is the correct sequence in the decreasing order of production (in million tonnes) of the given foodgrains in India? [IAS 2007]

Wheat - Rice Pulses Coarse cereals

Wheat - Rice - Coarse cereals Pulses

Rice - Wheat - Coarse cereals Pulses

Which of the following is now a punishable offence by a Bank Account holder ? [BankPO 1990]

Issuing a cheque without signature

If a post-dated cheque is issued

If a cheque drawn by him is dishonoured for insufficiency of funds in his account

Issuing a cheque without signature

Present Industrial policy in India aims at :

discourage the performance of the private sector

promoting the private sector units

increasing the production of public sector units

accelerating the performance of mixed economy

discourage the performance of the private sector

1769 + Mcqs in Indian Economy in Testing Subject Page 2 McqOptions

51.	For a rural person the minimum calorie needed to reach above povertyline is:
A.	2400 calorie
B.	2100 calorie
C.	1995 calorie
D.	2011 calorie
Answer» B. 2100 calorie

Discussion

52.	TRYSEM was started in
A.	1996
B.	1990
C.	1980
D.	1979
Answer» E.

Discussion

53.	The child sex ratio of India in 2011 is:
A.	913
B.	940
C.	961
D.	none
Answer» B. 940

Discussion

54.	The sex ratio of India in 2011 is:
A.	961
B.	940
C.	980
D.	none
Answer» C. 980

Discussion

55.	The sex ratio of Kerala in 2011is:
A.	1084
B.	1080
C.	1040
D.	1041
Answer» B. 1080

Discussion

56.	According to Mixed Recall period India’s Poverty in 2009-10 is
A.	36%
B.	27.5%
C.	29.8%
D.	none
Answer» D. none

Discussion

57.	Which is the Year of Great Divide?
A.	1991
B.	1947
C.	1951
D.	1921
Answer» E.

Discussion

58.	In 2008 Planning commission appointed a committee to estimate thepoverty in India under:
A.	jain
B.	sengupta
C.	saxena
D.	tendulkar
Answer» E.

Discussion

59.	The crude literacy rate in India according to 2011 census is:
A.	64.83%
B.	82.14%
C.	65.46%
D.	74.04%
Answer» E.

Discussion

60.	Among the Indian states which has the highest density?
A.	bengal
B.	punjab
C.	kerala
D.	bihar
Answer» E.

Discussion

61.	According to 2011 census the rate of urbanisation in India is:
A.	72.2%
B.	31.16%
C.	32.5%
D.	45.2%
Answer» C. 32.5%

Discussion

62.	The Gross Domestic Saving as percent of GDP in 2011-12 in Indianeconomy is:
A.	32.3%
B.	35.1%
C.	34.5%
D.	30.8%
Answer» E.

Discussion

63.	Among the following states which has the highest PCI ?
A.	goa
B.	punjab
C.	kerala
D.	maharashtra
Answer» B. punjab

Discussion

64.	The growth rate of Indian economy in 2012-13is:
A.	5%
B.	9%
C.	6.5%
D.	8.2%
Answer» B. 9%

Discussion

65.	Consider the following statements: [NDA 2008] 1. Hariyali is a watershed development project sponsored by the Central Government. 2. Hariyali also aims at enabling the urban population to conserve rain water.
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» B. 2 only

Discussion

66.	Consequent 'upon the recommendations of the Working Group on Rural Banks, 5 Rural Regional Banks were initially set up in the year [CPO SI 2010]
A.	1973
B.	1974
C.	1975
D.	1976
Answer» D. 1976

Discussion

67.	Ad Valorem means:
A.	according to value
B.	according to weight
C.	according to size
D.	according to advertisement costs
Answer» B. according to weight

Discussion

68.	Over the last few years: 1. the value of imports has increased at a faster rate as compared to exports 2. exports have fallen as compared to imports 3. both exports and imports have risen 4. the balance of trade has been favourable to India
A.	1, 2 and 3
B.	1 and 3
C.	1
D.	1, 3 and 4
Answer» C. 1

Discussion

69.	The vicious circle theory states that
A.	growing government assistance create addiction to welfare programs.
B.	low income levels create pressure for money creation.
C.	low income levels create pressure for cheap imports.
D.	low per capita income creates low savings that keep incomes low
Answer» E.

Discussion

70.	Which State produces maximum pulses in the country?
A.	Madhya Pradesh
B.	Uttar Pradesh
C.	Odisha
D.	Maharashtra
Answer» B. Uttar Pradesh

Discussion

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

Discussion

72.	Low productivity of agriculture in India is not caused by:
A.	inadequate availability of inputs
B.	subdivision of land holdings
C.	less area under cultivation
D.	poor finance facilities
Answer» D. poor finance facilities

Discussion

73.	____ is the ex-officio chairman of Planning Commission and National Development Council.
A.	Prime Minister
B.	President
C.	Finance Minister
D.	Commerce Minister
Answer» B. President

Discussion

74.	Which one of the following is NOT with in the duties of the Planning Commission? [NDA 2003]
A.	To define the stage of growth and suggest allocation of resources
B.	To make an assessment of the material, capital and human resources of the country
C.	To determine the nature of machinery required for implementation of plan proposals
D.	To prepare the annual central budget
Answer» E.

Discussion

75.	The principal reason why national economic planning is still being pursued inspite of embracing a market economy since 1991 is that: [IAS 1994]
A.	the vast quantity of capital already deployed in the public sector needs to be nurtured
B.	the market economy is mainly confined to industry and commerce and central planning in agriculture is necessary
C.	it is a constitutional requirement
D.	Five Year Plans can continue to provide a long-term perspective to the economy in market friendly fashions
Answer» E.

Discussion

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

Discussion

77.	The ideal average NPK ratio aggregated for the country as a whole is :
A.	4 : 2 : 1
B.	2 : 4 : 1
C.	4 : 1 : 2
D.	4 : 3 : 2
Answer» B. 2 : 4 : 1

Discussion

78.	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

79.	Which of the following schemes was intended to tap the black money?
A.	SBI Deposit Scheme
B.	UTI Bonds
C.	Long term Operations Scheme
D.	India Development Bonds
Answer» E.

Discussion

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

Discussion

81.	The difference between visible exports and visible imports is defined as [Corporation Bank PO 2011]
A.	Balance of trade
B.	Balance of payment
C.	Balanced terms of trade
D.	Gains from trade
Answer» B. Balance of payment

Discussion

82.	How many languages are used on a ten rupee note?
A.	2
B.	7
C.	10
D.	15
Answer» E.

Discussion

83.	Consider the following statements: [IAS 2004] 1. The National Housing Bank, the apex institution in housing finance in India, was set up as a wholly owned subsidiary of the Reserve Bank of India 2. The Small Industries Development Bank of India was established as a wholly owned subsidiary of the Industrial Development Bank of India Which of the statements given above is/are correct?
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» D. Neither 1 nor 2

Discussion

84.	Basel II relates to which one of the following? [IAS 2007]
A.	International standards for safety in civil aviation
B.	Measures against cyber crimes
C.	Measures against drug abuse by sportspersons
D.	International standards for measuring the adequacy of a bank's capital
Answer» E.

Discussion

85.	The National Housing Bank was set up in India as a wholly-owned subsidiary of whichone 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

86.	In economic terms, which of the following factors determine the 'Individual's demand'of a product/commodity? [RBI Grade B Officer 2011] A. Price of a commodity B. Income of the individual C. Utility and quality of a commodity
A.	Only A
B.	Only B
C.	Only C
D.	All A, B, & C
Answer» E.

Discussion

87.	What is the main cause of exports surplus?
A.	Country’s stringent import policy
B.	Developments in national and international markets
C.	Country’s exports promotion value
D.	above all
Answer» E.

Discussion

88.	If an economy is underdeveloped, it means:
A.	Agriculture is the main occupation
B.	Standard of living of people is low
C.	Production Techniques are backward and obsolete
D.	All of the above
Answer» E.

Discussion

89.	In India, the Public Sector is most dominant in : [IAS 1993]
A.	transport
B.	steel production
C.	commercial banking
D.	organised term-lending financial institutions
Answer» D. organised term-lending financial institutions

Discussion

90.	Which Agriculture export item is second in case of India?
A.	Marine product
B.	Rice
C.	Sugar
D.	Oil cake
Answer» C. Sugar

Discussion

91.	What percentage of country's demand for natural rubber is met by indigenous production:
A.	80%
B.	97%
C.	86%
D.	100%
Answer» D. 100%

Discussion

92.	Under perfect competition: [GIC AAO 1993]
A.	any firm can influence price in the market
B.	any firm can influence supply in the market
C.	any firm can influence price and supply in the market
D.	no firm can influence price and supply in the market
Answer» D. no firm can influence price and supply in the market

Discussion

93.	Which is the state with highest number of Scheduled Castes in India?
A.	Andhra Pradesh
B.	Bihar
C.	Tamil Nadu
D.	Uttar Pradesh
Answer» E.

Discussion

94.	Which one of the following is the correct sequence in the decreasing order of production (in million tonnes) of the given foodgrains in India? [IAS 2007]
A.	Wheat - Rice Pulses Coarse cereals
B.	Rice – Wheat cereals
C.	Wheat - Rice - Coarse cereals Pulses
D.	Rice - Wheat - Coarse cereals Pulses
Answer» E.

Discussion

95.	The place where bankers meet and settle their mutual claims and accounts is known as : [Bank PO 1993]
A.	treasury
B.	clearing House
C.	collection Centre
D.	dumping Ground
Answer» C. collection Centre

Discussion

96.	Which of the following is now a punishable offence by a Bank Account holder ? [BankPO 1990]
A.	If a cheque is not crossed
B.	If a post-dated cheque is issued
C.	If a cheque drawn by him is dishonoured for insufficiency of funds in his account
D.	Issuing a cheque without signature
Answer» D. Issuing a cheque without signature

Discussion

97.	Present Industrial policy in India aims at :
A.	promoting the private sector units
B.	increasing the production of public sector units
C.	accelerating the performance of mixed economy
D.	discourage the performance of the private sector
Answer» D. discourage the performance of the private sector

Discussion

98.	Which bank gives long term loan to farmers?
A.	NABARD
B.	Land Development Bank
C.	SBI
D.	Rural banks
Answer» C. SBI

Discussion

99.	Which of the following is/are correct? I. Bulk of unemployment in India is in rural areas II. The disguised unemployment in agricultural sector is perennial III. Industrialisation has rendered several people job-less in India
A.	I and II
B.	I, II and III
C.	I only
D.	II and III
Answer» B. I, II and III

Discussion

100.	Grants or advances made by the House to enable the government to carry on until thevoting of the demands for grants and passing of the General Appropriation Bill is called:
A.	vote on account
B.	complementary budget
C.	supplementary budget
D.	contingency budget
Answer» B. complementary budget

Discussion

Explore topic-wise MCQs in Testing Subject.

For a rural person the minimum calorie needed to reach above povertyline is:

TRYSEM was started in

The child sex ratio of India in 2011 is:

The sex ratio of India in 2011 is:

The sex ratio of Kerala in 2011is:

According to Mixed Recall period India’s Poverty in 2009-10 is

Which is the Year of Great Divide?

In 2008 Planning commission appointed a committee to estimate thepoverty in India under:

The crude literacy rate in India according to 2011 census is:

Among the Indian states which has the highest density?

According to 2011 census the rate of urbanisation in India is:

The Gross Domestic Saving as percent of GDP in 2011-12 in Indianeconomy is:

Among the following states which has the highest PCI ?

The growth rate of Indian economy in 2012-13is:

Consider the following statements: [NDA 2008] 1. Hariyali is a watershed development project sponsored by the Central Government. 2. Hariyali also aims at enabling the urban population to conserve rain water.

Consequent 'upon the recommendations of the Working Group on Rural Banks, 5 Rural Regional Banks were initially set up in the year [CPO SI 2010]

Ad Valorem means:

Over the last few years: 1. the value of imports has increased at a faster rate as compared to exports 2. exports have fallen as compared to imports 3. both exports and imports have risen 4. the balance of trade has been favourable to India

The vicious circle theory states that

Which State produces maximum pulses in the country?

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

Low productivity of agriculture in India is not caused by:

____ is the ex-officio chairman of Planning Commission and National Development Council.

Which one of the following is NOT with in the duties of the Planning Commission? [NDA 2003]

The principal reason why national economic planning is still being pursued inspite of embracing a market economy since 1991 is that: [IAS 1994]

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

The ideal average NPK ratio aggregated for the country as a whole is :

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

Which of the following schemes was intended to tap the black money?

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

The difference between visible exports and visible imports is defined as [Corporation Bank PO 2011]

How many languages are used on a ten rupee note?

Basel II relates to which one of the following? [IAS 2007]

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

In economic terms, which of the following factors determine the 'Individual's demand'of a product/commodity? [RBI Grade B Officer 2011] A. Price of a commodity B. Income of the individual C. Utility and quality of a commodity

What is the main cause of exports surplus?

If an economy is underdeveloped, it means:

In India, the Public Sector is most dominant in : [IAS 1993]

Which Agriculture export item is second in case of India?

What percentage of country's demand for natural rubber is met by indigenous production:

Under perfect competition: [GIC AAO 1993]

Which is the state with highest number of Scheduled Castes in India?

Which one of the following is the correct sequence in the decreasing order of production (in million tonnes) of the given foodgrains in India? [IAS 2007]

The place where bankers meet and settle their mutual claims and accounts is known as : [Bank PO 1993]

Which of the following is now a punishable offence by a Bank Account holder ? [BankPO 1990]

Present Industrial policy in India aims at :

Which bank gives long term loan to farmers?

Which of the following is/are correct? I. Bulk of unemployment in India is in rural areas II. The disguised unemployment in agricultural sector is perennial III. Industrialisation has rendered several people job-less in India

Grants or advances made by the House to enable the government to carry on until thevoting of the demands for grants and passing of the General Appropriation Bill is called: