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.
| 251. |
Pradhan Mantri Gramodaya Yojana aims at: |
| A. | meeting rural needs like Primary education; health care, drinking water, housing, rural roads |
| B. | alleviating poverty micro-enterprises |
| C. | generating employment in the rural areas |
| D. | strengthening the Panchayati Raj System in rural areas |
| Answer» B. alleviating poverty micro-enterprises | |
| 252. |
How does the consumer benefit with VAT? [CPO SI 2003] |
| A. | It removes tax on tax and thus reduces price-rise |
| B. | It reduces the cost of production |
| C. | With the abolition of the sales tax |
| D. | Due to the exemption of small Businesses from the tax within certain limits prescribed by the State |
| Answer» B. It reduces the cost of production | |
| 253. |
The standard of living in a country is represented by its: |
| A. | national income |
| B. | per capita income |
| C. | poverty ratio |
| D. | unemployment rate |
| Answer» C. poverty ratio | |
| 254. |
The first estimate of national income in India was made by: |
| A. | Mahalanobis |
| B. | V.K.R.V. Rao |
| C. | Dadabhai Naoroji |
| D. | Prof. Sheroi |
| Answer» D. Prof. Sheroi | |
| 255. |
Which one of the following organizations/agencies' are involved in drafting the UnionBudget of India? [Punjab & Sindh Bank 2011] |
| A. | The Planning Commission only |
| B. | The Comptroller and Auditor General only |
| C. | Administrative Ministries only |
| D. | (1) & (2) only |
| Answer» D. (1) & (2) only | |
| 256. |
M1 includes: |
| A. | currency with public |
| B. | demand deposit with bank |
| C. | other deposits with RBI |
| D. | all of the above |
| Answer» E. | |
| 257. |
Among the causes of inflation can be listed: 1. slow growth in agricultural output 2. increasing non-development expenditure of Government 3. rapid population growth 4. rapid growth in costly imports |
| A. | 1 and 2 |
| B. | 2 and 3 |
| C. | 1, 2, 3 and 4 |
| D. | 1 and 4 only |
| Answer» D. 1 and 4 only | |
| 258. |
What is the current account of balance of payments? |
| A. | It is the account showing difference of total exports and imports in one year |
| B. | It is the account showing transactions in invisible account like tourism, shipping, insurance etc. |
| C. | It is the account showing transactions like net external assistance, NRI deposits, etc. |
| D. | It is the account showing trade balance plus invisible balance |
| Answer» E. | |
| 259. |
Share of Direct tax in post economic reform is: |
| A. | increasing |
| B. | decreasing |
| C. | can't say anything |
| D. | fluctuating |
| Answer» B. decreasing | |
| 260. |
Under the Constitution, the power to raise and disburse public funds: |
| A. | has been vested in Union Government |
| B. | has been divided between the Union and State Governments |
| C. | has been given to the Finance Commission |
| D. | has not been given to anyone |
| Answer» C. has been given to the Finance Commission | |
| 261. |
The functions of the Reserve Bank of India are: 1. issuing all notes and coins 2. distributing all notes and coins 3. formulating monetary policy 4. acting as agent of Government in respect of India's membership of the IMF |
| A. | 1, 3 and 4 |
| B. | 2 and 3 |
| C. | 2, 3 and 4 |
| D. | 1, 2, 3 and 4 |
| Answer» D. 1, 2, 3 and 4 | |
| 262. |
Human Development Index comprises literacy rates, life expectancey at birth and: [IAS 1997] |
| A. | gross domestic product per head in the US dollars |
| B. | gross domestic product per head at real purchasing power |
| C. | gross national product in US dollars |
| D. | national income per head in US dollars |
| Answer» C. gross national product in US dollars | |
| 263. |
Which of the following does not form part of current account under balance of payments? |
| A. | Export and import of goods |
| B. | Export and import of services |
| C. | Income receipts and payments |
| D. | Capital receipts and payments |
| Answer» E. | |
| 264. |
When and by whom was HDI introduced? |
| A. | In 1990 by UNDP |
| B. | In 1989 by World Bank |
| C. | In 1990 by UNO |
| D. | In 1989 by IMF |
| Answer» B. In 1989 by World Bank | |
| 265. |
India's economic planning CANNOT be said to be : [NDA 2002] |
| A. | indicative |
| B. | imperative |
| C. | limited |
| D. | democratic |
| Answer» C. limited | |
| 266. |
What is a fiscal deficit? [Punjab & Sindh Bank 2011] |
| A. | It is a gap between the values of the exports and imports |
| B. | It is a gap between exports and imports minus external borrowings |
| C. | It is a gap between total expenditure and total receipts of the Govt. |
| D. | It is a gap between total receipts minus External Borrowing |
| Answer» D. It is a gap between total receipts minus External Borrowing | |
| 267. |
As we all know rise of the 'BRICS' has left a vast impact on almost all aspects of the global economy. However, which of the following cannot be called as the direct effect(s) of 'Rise of the BRICS' on global/other powerful economy/ economies? [Punjab & Sindh Bank 2011] (A) Countries like China wish to learn more about outsourcing from India. (B) It has made countries to suffer from Sub-prime Crisis. (C) EURO has become a powerful currency and many non-Euro countries are in 'Swap Agreement' with various nations. |
| A. | Only A |
| B. | Only B |
| C. | Only C |
| D. | None of these |
| Answer» E. | |
| 268. |
The period of high inflation and low economic growth is termed as: [RRB 1992] |
| A. | stagnation |
| B. | take-off stage in economy |
| C. | stagflation |
| D. | none of these |
| Answer» D. none of these | |
| 269. |
The Planning Commission of India: I. was set up in 1950 II. is a constitutional body III. is an advisory body IV. is a government department |
| A. | I and II |
| B. | II and III |
| C. | I and III |
| D. | III only |
| Answer» D. III only | |
| 270. |
Which of the following is the largest (in terms of' turnover) Public Sector organisationin India? |
| A. | Bharat Petroleum |
| B. | Steel Authority of India |
| C. | Indian Oil Corporation |
| D. | Oil and Natural Gas Commission |
| Answer» D. Oil and Natural Gas Commission | |
| 271. |
The per capita income has been low in India because: |
| A. | of population growth |
| B. | of price rise |
| C. | more people are in rural areas |
| D. | of regional imbalances |
| Answer» B. of price rise | |
| 272. |
What are “Open Market Operations" ? [SSC Graduate 2003] |
| A. | Activities of SEBI-registered brokers |
| B. | Selling of currency by the RBI |
| C. | Selling of gilt-edged securities by the Government |
| D. | Sale of shares by FIIs |
| Answer» D. Sale of shares by FIIs | |
| 273. |
Labour legislations in India have an important dimension of protection of women from exploitation. Some special provisions are made for women in the work place. Which of the following is NOT one such special provision? [Punjab & Sindh Bank 2011] |
| A. | Equal pay for work of equal value |
| B. | Maternity protection |
| C. | Creche facility at the work place for infants |
| D. | No night shifts |
| Answer» B. Maternity protection | |
| 274. |
In India, the concepts of "minimum heeds" and "directed anti-poverty programmes" were the innovations of: [CDS 2004] |
| A. | Fourth Five-year Plan |
| B. | Fifth Five-year Plan |
| C. | Sixth Five-year Plan |
| D. | Seventh Five-year Plan |
| Answer» C. Sixth Five-year Plan | |
| 275. |
A person returning from abroad can retain foreign currency up to what period? [Haryana Gr Bank PO 2011] |
| A. | 60 days |
| B. | 30 days |
| C. | 90 days |
| D. | 180 days |
| Answer» D. 180 days | |
| 276. |
The area under cultivation is declining fast in the case of: |
| A. | cotton |
| B. | sugarcane |
| C. | jute |
| D. | tea |
| Answer» D. tea | |
| 277. |
The objective of self-reliance and zero net foreign aid was declared in : |
| A. | Second 5-Yr Plan |
| B. | Third 5-Yr Plan |
| C. | Fourth 5-Yr Plan |
| D. | Fifth 5-Yr Plan |
| Answer» D. Fifth 5-Yr Plan | |
| 278. |
Inflation implies: [Railways 1994] |
| A. | rise in budget deficit |
| B. | rise in money supply |
| C. | rise in general price index |
| D. | rise in prices of consumer goods |
| Answer» D. rise in prices of consumer goods | |
| 279. |
Which of the following are the functions of the Central Bank of India? [Railways 1992] 1. Regulation of currency and flow of credit system 2. Maintaining exchange value of rupee 3. Formulating monetary policy of India 4. Supervisory powers over the indigenous bankers and leasing companies |
| A. | 1 and 3 |
| B. | 1, 2 and 3 |
| C. | 1, 2 and 4 |
| D. | 1, 2, 3 and 4 |
| Answer» E. | |
| 280. |
Which of the following names/terms is NOT associated with the World Trade Organization (WTO)? [Punjab & Sindh Bank 2011] |
| A. | UNCTAD |
| B. | GATI |
| C. | GATS |
| D. | SEWA |
| Answer» E. | |
| 281. |
India is said to be in the second stage of the demographic transition because: |
| A. | both birth and death rates are high |
| B. | birth rate is high but -death rate is declining due to improvement in healthy services |
| C. | death rates and birth rates are declining sharply |
| D. | none of the above |
| Answer» C. death rates and birth rates are declining sharply | |
| 282. |
The contribution of agriculture to India's' economy is: |
| A. | increasing |
| B. | decreasing |
| C. | constant |
| D. | None of these |
| Answer» C. constant | |
| 283. |
The steel plants at Durgapur, Bhilai and Rourkela were established during the period of: [NDA 1990] |
| A. | First Five Year Plan |
| B. | Second Five Year Plan |
| C. | Third Five Year Plan |
| D. | Fourth Five Year PIan |
| Answer» C. Third Five Year Plan | |
| 284. |
Fiscal deficit in the budget means: [CDS 1999] |
| A. | Revenue deficit plus the net borrowings of the government |
| B. | Budgetary deficit plus the net borrowings of the government |
| C. | Capital deficit plus revenue deficit |
| D. | Primary deficit minus capital deficit |
| Answer» C. Capital deficit plus revenue deficit | |
| 285. |
Consider the following statements: 1. The nation-wide scheme of the National Child Labour Projects (NCLP) is run by the Union Ministry of Social Justice and Empowerment. 2. Gurupadswamy Committee dealt with the issues of child labour. Which of the statements given above is/are correct? [IAS 2007] |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» D. Neither 1 nor 2 | |
| 286. |
Which of the following measures should be taken when an economy is going throughinflationary pressures? 1. The direct taxes should be increased. 2. The interest rate should be reduced. 3. The public spending should be increased Select the correct answer using the code given below: [CDS 2012] Code: |
| A. | 1 only |
| B. | 2 only |
| C. | 2 and 3 |
| D. | 1 and 2 |
| Answer» C. 2 and 3 | |
| 287. |
Which of the following Mahatma Gandhi series of currency notes issued by the RBI has "ecology" depicted on it? [SSC Graduate 2003] |
| A. | Rs. 500 |
| B. | Rs. 100 |
| C. | Rs. 50 |
| D. | Rs. 5 |
| Answer» C. Rs. 50 | |
| 288. |
An advalorem duty is a tax on the basis of: [IAS 1988] |
| A. | the price of a commodity |
| B. | the value added |
| C. | the advertisement expenditure |
| D. | the unit of the commodity |
| Answer» B. the value added | |
| 289. |
Invisible Export means export [Corporation Bank PO 2011] |
| A. | Services |
| B. | Prohibited goods |
| C. | Unrecorded goods |
| D. | Goods through smuggling |
| Answer» B. Prohibited goods | |
| 290. |
The main source of fund for the National Highway Authority of India is [UP PCS 2011] |
| A. | Cess |
| B. | Foreign assistance |
| C. | Market borrowings |
| D. | Budgetary support Government of Union |
| Answer» B. Foreign assistance | |
| 291. |
The book Wealth of Nations' was written by: |
| A. | Eric Roll |
| B. | J.M. Keynes |
| C. | Adam Smith |
| D. | Harold Laski |
| Answer» D. Harold Laski | |
| 292. |
Which one of the following is not a feature of "Value Added Tax"? [CSAT 2011] |
| A. | It is a multi-point destination-based system of taxation |
| B. | It is a tax levied on value addition at each stage of transaction in the productiondistribution chain |
| C. | It is a tax on the final consumption of goods or services and must ultimately be borne by the consumer |
| D. | It is basically a subject of the Central Government and the State Governments are only a facilitator for its Successful implementation |
| Answer» E. | |
| 293. |
A country is said to be in a debt trap if: [IAS 2002] |
| A. | it has to abide by the conditionalities imposed by the International Monetary Fund |
| B. | it has to borrow to make interest payments on outstanding loans |
| C. | it has been refused loans or aid by creditors abroad |
| D. | the World Bank charges a very high rate of interest on outstanding as well as new loans |
| Answer» C. it has been refused loans or aid by creditors abroad | |
| 294. |
Identify the correct sequence of the establishment of steel plants in India from the earliest to the latest: [NDA 2002] |
| A. | Bokaro, Jamshedpur, Vishakhapatnam, Bhilai |
| B. | Jamshedpur, Bhilai, Bokaro, Vishakhapatnam |
| C. | Bhilai, Jamshedpur, Vishakhapatnam, Bokaro |
| D. | Jamshedpur, Vishakhapatnam |
| Answer» C. Bhilai, Jamshedpur, Vishakhapatnam, Bokaro | |
| 295. |
Which of the statements given above is/are correct? [CDS 2008] 1. The USSR assisted in the building of the Bhilai Steel plant. 2. The British assisted in the building of the Bokaro Steel plant. |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» B. 2 only | |
| 296. |
Which of the following organisations prepare rural credit plans on annual basis for all districts in India, which in turn form the base for annual credit plans of all rural financial institutions? [RBI Grade B Officer 2011] |
| A. | SIDBI |
| B. | NABARD |
| C. | RBI |
| D. | Indian Bank's Association |
| Answer» C. RBI | |
| 297. |
Rupee was devalued by what percent in July 1991 ? [MP PCS 1990] |
| A. | 18 |
| B. | 20 |
| C. | 22 |
| D. | 25 |
| Answer» C. 22 | |
| 298. |
Who of the following was the author of the chapter on "Objectives of Planned Development" for the Third Five Year Plan? [IAS 2008] |
| A. | Morarji Desai |
| B. | C.D. Deshmukh |
| C. | Jawaharlal Nehru |
| D. | Lal Bahadur Shastri |
| Answer» B. C.D. Deshmukh | |
| 299. |
Which one of the following countries is not a member of ASEAN? [IAS 2006] |
| A. | Vietnam |
| B. | Brunei Darussalam |
| C. | Bangladesh |
| D. | Myanmar |
| Answer» D. Myanmar | |
| 300. |
The National Stock Exchange functions from: |
| A. | New Delhi |
| B. | Mumbai |
| C. | Nagpur |
| D. | Kolkata |
| Answer» C. Nagpur | |