MCQOPTIONS
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MCQOPTIONS
This section includes 1769 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
India earns maximum foreign exchange from the export of: |
| A. | garments |
| B. | jute |
| C. | gems and jewellery |
| D. | cotton |
| Answer» D. cotton | |
| 102. |
National Development Council was set up in: |
| A. | 1948 |
| B. | 1950 |
| C. | 1951 |
| D. | 1952 |
| Answer» E. | |
| 103. |
Who is the originator of Green Revolution in India? |
| A. | Norman E. Borlaug |
| B. | M.S. Swaminathan |
| C. | Garry Backer |
| D. | None of these |
| Answer» B. M.S. Swaminathan | |
| 104. |
Where was oil discovered for the first time in India? |
| A. | Digboi |
| B. | Numaligarh |
| C. | Bongaigon |
| D. | Barauni |
| Answer» B. Numaligarh | |
| 105. |
G-77 summit is a forum for: [CDS 2000] |
| A. | North-South Cooperation |
| B. | East-West Cooperation |
| C. | South-South Cooperation |
| D. | North-North Cooperation |
| Answer» B. East-West Cooperation | |
| 106. |
When does the problem of unfavourable balance of payment arise? |
| A. | When exports decrease |
| B. | When exports increase |
| C. | When imports increase |
| D. | When imports are greater than exports |
| Answer» E. | |
| 107. |
Which of the following sectors does not come under tertiary sector? |
| A. | Transport |
| B. | Trade |
| C. | Business Services |
| D. | Electricity |
| Answer» E. | |
| 108. |
When was the Reserve Bank of India taken over by the Government? [PCS 1994] |
| A. | 1945 |
| B. | 1948 |
| C. | 19S2 |
| D. | 1956 |
| Answer» C. 19S2 | |
| 109. |
Basel Committee has given its recommendations on which of the following aspects of banking operations? [RBI Grade B Officer 2011] |
| A. | Marketing of bank products |
| B. | Priority sector lending |
| C. | Risk Management |
| D. | All of the above |
| Answer» E. | |
| 110. |
Why has the general budget till recently always been presented at 5 o’ clock in the evening? |
| A. | All countries present their budgets at this time |
| B. | So that there is no time for traders to manipulate the prices |
| C. | It is a convention of official secrecy |
| D. | It is a carry-over from times of British rule when the Budget could be discussed in the British Payment simultaneously |
| Answer» E. | |
| 111. |
The major objectives of NITI Aayog are to - |
| A. | provides technical advice to the Centre and States |
| B. | design strategic and long-term policies/ programmes for Govt. |
| C. | Both of these |
| D. | none |
| Answer» D. none | |
| 112. |
What are the salient demographic features of India’s population? |
| A. | Growth rate of population |
| B. | Uneven distribution of population |
| C. | Age composition |
| D. | All of the above |
| Answer» E. | |
| 113. |
The Govt. of India has launched a number of poverty alleviation programmes. This is done with the view that poverty is the root cause of social insecurity. In addition to that UNO has also launched Millennium Development Goals to be achieved by 2015.Which of the following is NOT one of those goals? [Punjab & Sindh Bank 2011] |
| A. | Improve mental health |
| B. | Combat HIV/AIDS, Malaria |
| C. | Reduce marriageable age for males to 18 yr |
| D. | Promote gender equality and empower women |
| Answer» D. Promote gender equality and empower women | |
| 114. |
Having insufficient income to provide a minimum standard of living is |
| A. | Absolute poverty |
| B. | Relative poverty |
| C. | None |
| D. | none |
| Answer» B. Relative poverty | |
| 115. |
Which one of the following is not a feature of Limited Liability Partnership firm? [IAS 2010] |
| A. | Partners should be less than 20 |
| B. | Partnership and management need not be separate |
| C. | Internal governance may be decided by mutual agreement among partners |
| D. | It is a corporate body with perpetual succession |
| Answer» B. Partnership and management need not be separate | |
| 116. |
Stagflation implies a case of: [CDS 1992] |
| A. | galloping inflation |
| B. | recession plus inflation |
| C. | adverse balance of trade |
| D. | rising wages and employment |
| Answer» C. adverse balance of trade | |
| 117. |
Dadabhai Naoroji theorised on the drain of wealth from India in his book: |
| A. | Poverty under British Rule in India |
| B. | Poverty in British Rule in India |
| C. | Poverty and Un-British Rule in India |
| D. | Poverty of Economic Drain in British India |
| Answer» D. Poverty of Economic Drain in British India | |
| 118. |
Three annual plan were launched between: |
| A. | 1969 to 1972 |
| B. | 1966 to 1969 |
| C. | 1986 to 1989 |
| D. | 1988 to 1991 |
| Answer» C. 1986 to 1989 | |
| 119. |
India's progress has been reasonably satisfactory in connection with: |
| A. | growth of per capita income |
| B. | reduction in inequalities |
| C. | reduction of unemployment |
| D. | growth of GNP |
| Answer» E. | |
| 120. |
Which of these are nicknamed 'Bretton Woods Twins' ? 1. IDA 2. IMF 3. IBRD 4. WTO |
| A. | 1and 4 |
| B. | 2and 4 |
| C. | 3 and 4 |
| D. | 2 and 3 |
| Answer» E. | |
| 121. |
"World Development Report" is an annual publication of: [IAS 2002] |
| A. | United Nations Development Programme |
| B. | International Bank of Reconstruction and Development |
| C. | World Trade Organisation |
| D. | International Monetary Fund |
| Answer» C. World Trade Organisation | |
| 122. |
What is meant by 'Underwriting', the term frequently used in financial sector? [Punjab & Sindh Bank 2011] |
| A. | Under valuation of the assets. |
| B. | The Act of taking on a risk for a fee. |
| C. | Giving a Guarantee that a loan will not become a bad loan. |
| D. | The act of permission to float an IPO. |
| Answer» B. The Act of taking on a risk for a fee. | |
| 123. |
The deputy chairman of the Planning Commission: [UP PCS 1994] |
| A. | is the Prime Minister |
| B. | is the Planning Minister |
| C. | holds the rank of a cabinet minister |
| D. | is an economist of repute |
| Answer» D. is an economist of repute | |
| 124. |
The Green Revolution has led to : 1. spurt in all foodgrains production 2. increase in regional inequalities 3. reduction in inter-personal inequalities within a region 4. good production in wheat |
| A. | 1 and 3 |
| B. | 1, 2 and 3 |
| C. | 2, 3 and 4 |
| D. | 2 and 4 |
| Answer» E. | |
| 125. |
Which of the following statements is/are correct? 1. If a country is experiencing increase in its per capita GDP, its GDP must necessarily be growing. 2. If a country is experiencing negative inflation, its GDP must be decreasing. Select the correct answer using the code given below: [CDS 2012] |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» E. | |
| 126. |
The main objective of First Five-year Plan was: |
| A. | industrial growth |
| B. | economic growth |
| C. | development of agriculture including irrigation and power projects |
| D. | self-reliance |
| Answer» D. self-reliance | |
| 127. |
Open market operations of a Central Bank are sale and purchase of: |
| A. | foreign currencies |
| B. | corporate securities |
| C. | trade bills |
| D. | government securities |
| Answer» D. government securities | |
| 128. |
The rising prices in India can be checked through: 1. Budgetary policy 2. Monetary policy 3. Increasing production 4. Increasing income levels Choose your answer from: |
| A. | 1 and 2 |
| B. | 1, 2 and 3 |
| C. | 1, 2, 3 and 4 |
| D. | 2 and 3 |
| Answer» C. 1, 2, 3 and 4 | |
| 129. |
Who amongst the following has never held post of the Governor of the RBI? [RBIGrade B Officer 2011] |
| A. | C. Rangarajan |
| B. | L.K. Jha |
| C. | Manmohan Singh |
| D. | Usha Thorat |
| Answer» E. | |
| 130. |
Oil Pool Deficit is a deficit: 1. in the balance of payments 2. that the government owes to the world bank 3. in the oil pool account 4. that the government owes to the oil companies Choose your answer from: |
| A. | 1 and 3 |
| B. | 2 and 3 |
| C. | 3 and 4 |
| D. | 2 and 4 |
| Answer» D. 2 and 4 | |
| 131. |
Unemployment in a developing country generally takes place due to : |
| A. | switch over from one job to another |
| B. | lack of effective demand |
| C. | seasonal factors |
| D. | lack of complementary factors of production |
| Answer» E. | |
| 132. |
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 | |
| 133. |
The 'Slack Season' in the Indian Economy is: |
| A. | March - April |
| B. | Sept. - Dec. |
| C. | Jan. - June |
| D. | Feb. – April |
| Answer» D. Feb. – April | |
| 134. |
Economic Development means economic growth with: |
| A. | Price Stability |
| B. | Social Change |
| C. | Inflation |
| D. | Deflation |
| Answer» C. Inflation | |
| 135. |
Consider the following statements: 1. ICICI Bank is the largest private sector bank in India. 2. Postal life Insurance is the oldest life insurance organization in India. Which of the statements give above is/are correct? [IAS 2005] |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» E. | |
| 136. |
Who among the following was the first Chairman of the Planning Commission? [CDS 2008] |
| A. | Dr. Rajendra Prasad |
| B. | Pt. Jawahar Lal Nehru |
| C. | Sardar Vallabhbhai Patel |
| D. | J.B. Kripalani |
| Answer» C. Sardar Vallabhbhai Patel | |
| 137. |
The Issue Department of the RBI maintains a _______ against printing of notes: |
| A. | Minimum Reserve System |
| B. | Proportional Reserve System |
| C. | Proportional Gold Reserve System |
| D. | Proportional Foreign Securities Reserve System |
| Answer» B. Proportional Reserve System | |
| 138. |
Which two of the following nationalized banks have been merged as per the recommendation of the Narsimhan Committee? [NDA 1995] |
| A. | New Bank of India and Bank of India |
| B. | Central Bank of India and Corporation Bank |
| C. | Parur Bank of India and Bank of India |
| D. | Punjab National Bank and New Bank of India |
| Answer» E. | |
| 139. |
Which of the following statements regarding Regional Rural Banks (RRB) in India is/are correct ? 1. The basic aim of setting up the RRBs is to develop rural economy. 2. The area of RRBs is limited to a specific region comprising one or more districts. 3. RRBs are sponsored by Commercial Banks. Select the correct answer using the code given below: [Asstt Commdt 2011] |
| A. | 1 only |
| B. | 1 and 2 only |
| C. | 2 and 3 only |
| D. | 1, 2 and 3 |
| Answer» C. 2 and 3 only | |
| 140. |
Consider the following statements: [IAS 2004] 1. Regarding the procurement of foodgrains, Government of India follows a procurement target rather than an open-ended procurement policy 2. Government of India announces minimum support price only for cereals 3. 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. | 1and 2 |
| B. | 2 only |
| C. | 1and 3 |
| D. | 3 only |
| Answer» E. | |
| 141. |
Which one of the following statements regarding the levying, collecting and distribution of Income Tax is correct? [IAS 1999] |
| A. | The Union levies, collects and distributes the proceeds of income tax between itself and the states |
| B. | The Union levies, collects and keeps all the proceeds of income tax to itself |
| C. | The Union levies and collects the tax but all the proceeds are distributed among the states |
| D. | Only the surcharge levied on income tax is shared between the Union and the States |
| Answer» B. The Union levies, collects and keeps all the proceeds of income tax to itself | |
| 142. |
Consider the following statements with reference to Indira Gandhi National Old Age Pension Scheme [IGNOAPS] 1. All persons of 60 years or above belonging to the households below poverty line in rural areas are eligible. 2. The Central Assistance under this Scheme is at the rate of Rs. 300 per month per beneficiary. Under the Scheme, States have been urged to give matching amounts. Which of the statements given above is/are correct? [IAS 2008] |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» E. | |
| 143. |
For which one of the following purposes, the Government has launched the Rajiv AwasYojana? [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. | |
| 144. |
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 | |
| 145. |
What is the difference between Debentures and Equity? |
| A. | Debentures are sealed bonds acknowledging that money has been borrowed; equity is a shareholder's share voting rights in proportion to his shareholding |
| B. | An equity shareholder cannot withdraw his amount whereas debentures can be withdrawn by taking back the amount |
| C. | Equity shareholding is more risky, compared to debentures which are bound to return good interest on the principal |
| D. | Both debenture and equity holders have the right of voting irrespective of the proportion of holdings but debentures are of lower value than equity |
| Answer» B. An equity shareholder cannot withdraw his amount whereas debentures can be withdrawn by taking back the amount | |
| 146. |
The highest weight in the revised Whole Sale Price Index, implemented from September 2010 is given to which of the following item? [Corporation Bank PO 2011] |
| A. | Fuel |
| B. | Food items |
| C. | Manufactured items |
| D. | Primary Articles |
| Answer» C. Manufactured items | |
| 147. |
Bank rate is the rate at which: |
| A. | a bank lends to the public |
| B. | the Reserve Bank of India lends to the public |
| C. | the Government of India lends to other countries |
| D. | the Reserve Bank of India gives credit to commercial banks |
| Answer» E. | |
| 148. |
'Sub Prime Lending' is a term applied to the loans made to ___ [Punjab & 5indh Bank 2011] |
| A. | those borrowers who do not have a good credit history. |
| B. | those who wish to take loan against the mortgage of tangible assets. |
| C. | those who have a good credit history and are known to bank since 10 years. |
| D. | those borrowers who are most preferred customers of the Bank. |
| Answer» B. those who wish to take loan against the mortgage of tangible assets. | |
| 149. |
Who among the following is most benefitted from inflation? [IAS 1989] |
| A. | Government pensioners |
| B. | Creditors |
| C. | Savings Bank Account holders |
| D. | Debtors |
| Answer» E. | |
| 150. |
Which of the following measures is not likely to help in improving India's balance ofpayments position? |
| A. | Devaluation of the rupee |
| B. | Encouragement of import substitution |
| C. | Imposition of higher duty on imports |
| D. | Imposition of higher duty on exports |
| Answer» E. | |