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.
| 1701. |
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 | |
| 1702. |
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 | |
| 1703. |
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 | |
| 1704. |
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. | |
| 1705. |
The association of the rupee with pound sterling as the intervention currency was broken in |
| A. | 1990 |
| B. | 1991 |
| C. | 1992 |
| D. | 1993 |
| Answer» D. 1993 | |
| 1706. |
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. | |
| 1707. |
Devaluation of a currency means |
| A. | reduction in the value of a currency vis-a-vis major internationally traded currencies |
| B. | permitting the currency to seek its worth in the international market |
| C. | fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies |
| D. | fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners |
| Answer» B. permitting the currency to seek its worth in the international market | |
| 1708. |
Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves I. interest payments II. subsidies III. defence IV. irrigation |
| A. | I, II |
| B. | I |
| C. | I, II, III |
| D. | II, III, IV |
| Answer» D. II, III, IV | |
| 1709. |
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. | |
| 1710. |
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 | |
| 1711. |
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 | |
| 1712. |
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 | |
| 1713. |
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. | |
| 1714. |
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 | |
| 1715. |
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 | |
| 1716. |
If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to |
| A. | increase it |
| B. | decrease it |
| C. | no impact |
| D. | None of the above |
| Answer» B. decrease it | |
| 1717. |
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 | |
| 1718. |
Deficit financing means that the government borrows money from the |
| A. | RBI |
| B. | local bodies |
| C. | big businessmen |
| D. | IMF |
| Answer» B. local bodies | |
| 1719. |
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) | |
| 1720. |
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. | |
| 1721. |
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 | |
| 1722. |
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 | |
| 1723. |
Gross domestic capital formation is defined as |
| A. | flow of expenditure devoted to increased or maintaining of the capital stock |
| B. | expenditure incurred on physical assets only |
| C. | production exceeding demand |
| D. | net addition to stock after depreciation |
| Answer» E. | |
| 1724. |
Which of the following is the most appropriate cause of exports surplus? |
| A. | Country's exports promotion value |
| B. | Country's stringent import policy |
| C. | Developments in national and international markets |
| D. | None of the above |
| Answer» D. None of the above | |
| 1725. |
If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits |
| A. | will decrease |
| B. | will increase |
| C. | will neither increase nor decrease |
| D. | None of the above |
| Answer» D. None of the above | |
| 1726. |
The Board of Industrial and Financial Reconstruction (BIFR) came into existence in |
| A. | 1984 |
| B. | 1986 |
| C. | 1987 |
| D. | 1989 |
| Answer» D. 1989 | |
| 1727. |
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. | |
| 1728. |
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. | |
| 1729. |
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 | |
| 1730. |
In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this? I. A large number of farmers are illiterate and know little about scientific agriculture II. Prices of primary products are lower than those of manufactured products III. 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 | |
| 1731. |
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 | |
| 1732. |
Reserve Bank of India was nationalized in the year |
| A. | 1935 |
| B. | 1945 |
| C. | 1949 |
| D. | 1969 |
| Answer» D. 1969 | |
| 1733. |
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 | |
| 1734. |
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 | |
| 1735. |
The ARDC is now a branch of the |
| A. | RBI |
| B. | NABARD |
| C. | IDBI |
| D. | SDBI |
| Answer» C. IDBI | |
| 1736. |
India changed over to the decimal system of coinage in |
| A. | April 1995 |
| B. | April 1957 |
| C. | April 1958 |
| D. | April 1959 |
| Answer» C. April 1958 | |
| 1737. |
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 | |
| 1738. |
Paper currency first started in India in |
| A. | 1861 |
| B. | 1542 |
| C. | 1601 |
| D. | 1880 |
| Answer» B. 1542 | |
| 1739. |
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. | |
| 1740. |
In the state of India, the State Financial Corporation have given assistance mainly to develop |
| A. | agricultural farms |
| B. | cottage industry |
| C. | large-scale industries |
| D. | medium and small-scale industries |
| Answer» E. | |
| 1741. |
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 | |
| 1742. |
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 | |
| 1743. |
On July 12, 1982, the ARDC was merged into |
| A. | RBI |
| B. | NABARD |
| C. | EXIM Bank |
| D. | None of the above |
| Answer» C. EXIM Bank | |
| 1744. |
Debenture holders of a company are its |
| A. | shareholders |
| B. | creditors |
| C. | debtors |
| D. | directors |
| Answer» C. debtors | |
| 1745. |
One of the reasons for India's occupational structure remaining more or less the same over the years has been that |
| A. | investment pattern has been directed towards capital intensive industries |
| B. | productivity in agriculture has been high enough to induce people to stay with agriculture |
| C. | ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture |
| D. | people are largely unaware of the significance of transition from agriculture to industry for economic development |
| Answer» B. productivity in agriculture has been high enough to induce people to stay with agriculture | |
| 1746. |
The first wholly Indian Bank was set up in |
| A. | 1794 |
| B. | 1894 |
| C. | 1896 |
| D. | 1902 |
| Answer» C. 1896 | |
| 1747. |
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 | |
| 1748. |
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 | |
| 1749. |
The currency convertibility concept in its original form originated in |
| A. | Wells Agreement |
| B. | Bretton Woods Agreement |
| C. | Taylors Agreement |
| D. | None of the above |
| Answer» C. Taylors Agreement | |
| 1750. |
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 | |