MCQOPTIONS
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MCQOPTIONS
This section includes 291 Mcqs, each offering curated multiple-choice questions to sharpen your Indian Economy knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
India switched over to the decimal currency system in |
| A. | 1955 |
| B. | 1956 |
| C. | 1957 |
| D. | 1958 |
| Answer» D. 1958 | |
| 102. |
One rupee notes are issued by the |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | President of India |
| D. | Government of India |
| Answer» E. | |
| 103. |
Rashtriya Krishi Bima Yojana was introduced in |
| A. | 1992 |
| B. | 1998 |
| C. | 1999 |
| D. | 1996 |
| Answer» D. 1996 | |
| 104. |
Development that meets the needs of the present, without compromising the ability of future generations to meet their own needs was the focal point of Brundtland Commission is |
| A. | sustainable development |
| B. | mitigation |
| C. | disaster management |
| D. | capacity building |
| Answer» B. mitigation | |
| 105. |
In which year the planning commission was set-up ? |
| A. | 1950 |
| B. | 1951 |
| C. | 1952 |
| D. | 1949 |
| Answer» B. 1951 | |
| 106. |
In India, Special Economic Zones were established to enhance: |
| A. | Free trade |
| B. | Foreign Investment |
| C. | Employment |
| D. | Technology Development |
| Answer» E. | |
| 107. |
Over use of resource is called Tragedy of Commons . It was propounded by: |
| A. | Garett Hardin |
| B. | Seligman |
| C. | Adolph Wagner |
| D. | A.P Lernier |
| Answer» B. Seligman | |
| 108. |
Which Five Year Plan duration was of four years only ? |
| A. | Third |
| B. | Fourth |
| C. | Fifth |
| D. | Seventh |
| Answer» D. Seventh | |
| 109. |
Wholesale price based inflation rate in India reached its highest level in 13 years on 27th July, 2008. It was |
| A. | 11.75 per cent |
| B. | 11.85 per cent |
| C. | 12.00 per cent |
| D. | 12.05 per cent |
| E. | None of these |
| Answer» F. | |
| 110. |
Who is the Ex-officio Chairman of the Planning Commission ? |
| A. | Minister for Planning & Development |
| B. | Finance Minister |
| C. | Prime Minister |
| D. | Minister for Rural & Community Development |
| Answer» D. Minister for Rural & Community Development | |
| 111. |
The Draft of the Five Year Plans in India is approved by the |
| A. | National Development Council |
| B. | Planning Commission |
| C. | National Productivity Council |
| D. | Ministry of Finance |
| Answer» B. Planning Commission | |
| 112. |
In the budget for 2011 12, the fiscal deficit (% of GDP) for 2011 12 has been projected at |
| A. | 5.1 |
| B. | 5.0 |
| C. | 4.6 |
| D. | 3.4 |
| Answer» D. 3.4 | |
| 113. |
Insurance sector in India is regulated by |
| A. | RBI |
| B. | CII |
| C. | IRDA |
| D. | SEBI |
| Answer» D. SEBI | |
| 114. |
The abbreviation SEBI stands for |
| A. | Savings and Exchange Bank of India |
| B. | Securities and Exchange Bank of India |
| C. | Survey of essential business in India |
| D. | Securities and Exch-ange Board of India |
| Answer» E. | |
| 115. |
The highest foreign exchanged earners have been the export of |
| A. | engineering goods |
| B. | gems and jewellery |
| C. | minerals |
| D. | tea |
| Answer» C. minerals | |
| 116. |
Which of the following sectors contributed more to the savings in India? |
| A. | Public sector |
| B. | Household sector |
| C. | Corporate sector |
| D. | Private sector |
| Answer» C. Corporate sector | |
| 117. |
The objective of Jawahar Rojgar Yojana is to |
| A. | provide employment to youth in rural areas |
| B. | create employment opportunities for unemployed persons |
| C. | strengthen the rural economic and social structure |
| D. | All of the above |
| Answer» E. | |
| 118. |
The fringe benefit tax was introduced in the budget of |
| A. | 2003-04 |
| B. | 2004-05 |
| C. | 2005-06 |
| D. | 2006-07 |
| Answer» D. 2006-07 | |
| 119. |
The largest share of India s national income originates in the |
| A. | Primary sector |
| B. | Secondary sector |
| C. | Tertiary sector |
| D. | Any of the above |
| Answer» D. Any of the above | |
| 120. |
The largest share in our imports is from |
| A. | North America |
| B. | European Community |
| C. | OPEC (Organisation of Petroleum Exporting Countries) |
| D. | African and Asian Developing Countries |
| Answer» D. African and Asian Developing Countries | |
| 121. |
Current Fiscal Deficit percentage in GDP is |
| A. | 7 |
| B. | 4 |
| C. | 8 |
| D. | 1 |
| E. | None of these |
| Answer» F. | |
| 122. |
What is the Gram Samridhi Yojana in replacment of |
| A. | Indra Awas Yojana |
| B. | Jawahar Rozgar Yojana |
| C. | Prime Minister s Employment Scheme. |
| D. | I.R.D.P |
| Answer» C. Prime Minister s Employment Scheme. | |
| 123. |
Where is the biggest private sector power project in India located? |
| A. | Rajahmundry in Andhra Pardesh |
| B. | Neyveli in Tamil Nadu |
| C. | Korba in Madhya Pradesh |
| D. | Dabhol in Maharashtra |
| E. | None of these |
| Answer» F. | |
| 124. |
In which sector of the Indian economy is productivity the highest ? |
| A. | Manufacturing |
| B. | Transport, Communication and Commerce |
| C. | Agriculture |
| D. | Other sectors |
| Answer» B. Transport, Communication and Commerce | |
| 125. |
The Reserve Bank of India |
| A. | provides direct fiancee to agriculture |
| B. | provides finance to primary cooperative societies |
| C. | provides finance to state cooperative banks |
| D. | does not provide finance to agriculture |
| Answer» E. | |
| 126. |
What does the open market operations of the RBI mean? |
| A. | Buying and selling shares |
| B. | Auctioning of foreign exchange |
| C. | Trading in securities |
| D. | Transactions in gold |
| Answer» D. Transactions in gold | |
| 127. |
Among the tax revenues of the Union Government, what is the largest source? |
| A. | Income Tax |
| B. | Corporation Tax |
| C. | Central Excise |
| D. | Customs Duty |
| Answer» C. Central Excise | |
| 128. |
The main objective of Antyodaya Programme is |
| A. | upliftment of urban poor |
| B. | upliftment of industrial workers |
| C. | unpliftment of rural poor |
| D. | upliftment of farmers |
| Answer» D. upliftment of farmers | |
| 129. |
Banks in India were nationalised for the first time in the year |
| A. | 1950 |
| B. | 1960 |
| C. | 1969 |
| D. | 1979 |
| Answer» D. 1979 | |
| 130. |
NABARD is the name of a |
| A. | Commercial bank |
| B. | Financial Institution |
| C. | Specialised bank to help agriculture |
| D. | Non-Banking Financial Institution |
| Answer» D. Non-Banking Financial Institution | |
| 131. |
India adopted the Five-Year Plans from |
| A. | France |
| B. | former USSR |
| C. | America |
| D. | England |
| Answer» C. America | |
| 132. |
The single largest item of expenditure of the Central Government in India in recent years is |
| A. | Defence |
| B. | Subsidies |
| C. | Interest payment |
| D. | General services |
| Answer» D. General services | |
| 133. |
In the production of cotton textiles India ranks |
| A. | fourth in the world |
| B. | third in the world |
| C. | second in the world |
| D. | first in the world |
| Answer» D. first in the world | |
| 134. |
Canalised list of items in foreign trade of India refers to |
| A. | the items to be imported by the private agencies |
| B. | list of items to be subsidised |
| C. | list of items to be granted duty concession |
| D. | items to be imported only by the State owned undertaking |
| Answer» E. | |
| 135. |
The concept of mixed economy means |
| A. | to have balanced development in the agricultural and industrial sector |
| B. | simultaneous development of the rural and urban sector |
| C. | to have equal distribution of wealth among the rural and the urban poor |
| D. | simultaneous existence of the private and public sector |
| Answer» E. | |
| 136. |
National Income at factor cost is equal to |
| A. | Net National Product Indirect taxes + Subsidies |
| B. | Net National Product Direct taxes + Subsidies |
| C. | Gross National Product Depreciation charges |
| D. | Net National Product + Net income from abroad |
| Answer» B. Net National Product Direct taxes + Subsidies | |
| 137. |
Cochin refineries is in : |
| A. | Public Sector |
| B. | Joint Sector |
| C. | Private Sector |
| D. | Co-operative Sector |
| Answer» C. Private Sector | |
| 138. |
Ways and Means Advances refers to |
| A. | Industries getting temporary loans from commercial banks |
| B. | Farmers getting loans from NABAED |
| C. | Government getting temporary loans from RBI |
| D. | Government-getting loans from international financial institutions |
| Answer» D. Government-getting loans from international financial institutions | |
| 139. |
India s First Five Year Plan gave priority to |
| A. | Industry |
| B. | Trade |
| C. | Transportation |
| D. | Agriculture |
| Answer» E. | |
| 140. |
Which of the following is Navaratna PSE ? |
| A. | Hindustan Aeronautics Ltd. |
| B. | Container Corporation of India Ltd. |
| C. | Mahanagar Telephone Nigam Ltd. |
| D. | Engineers India Ltd. |
| E. | None of these |
| Answer» F. | |
| 141. |
The Central Statistical Organisation (CSO) provides data under a new revised series in which the base year is taken as |
| A. | 1960-61 |
| B. | 1970-71 |
| C. | 1980-81 |
| D. | 1990-91 |
| E. | None of these |
| Answer» F. | |
| 142. |
The Government of India derives its single largest source of revenue from |
| A. | Direct Taxes |
| B. | Customs Duties |
| C. | Deficit Financing |
| D. | Union Excise Duties |
| Answer» E. | |
| 143. |
Mahalanobis Model has been associated with which Five- Year Plan ? |
| A. | First Five-Year Plan |
| B. | Second Five-Year Plan |
| C. | Third Five-Year Plan |
| D. | Fourth Five-Year Plan |
| Answer» C. Third Five-Year Plan | |
| 144. |
Which of the following is deducted from NNP to arrive at Nl ? |
| A. | Indirect Tax |
| B. | Capital consumption allowance |
| C. | Subsidy |
| D. | Interest |
| Answer» B. Capital consumption allowance | |
| 145. |
Which one of the following is not a quantitative credit control measure of a Central Bank ? |
| A. | Bank Rate Policy |
| B. | Open Market Operations |
| C. | Cash Reserve Ratio |
| D. | Moral Suasion |
| Answer» E. | |
| 146. |
Which of the following Public Undertakings has not been conferred with Maharatna Status ? |
| A. | SAIL |
| B. | BHEL |
| C. | ONGC |
| D. | Coal India Limited |
| Answer» C. ONGC | |
| 147. |
After ONGC, OIC, NTPC and SAIL, the Navratna PSU which was awarded Maharatna status is |
| A. | HAL |
| B. | GAIL |
| C. | Coal India Ltd |
| D. | BHEL |
| Answer» D. BHEL | |
| 148. |
India s Balance of Payments can be corrected through |
| A. | Devaluation of currency |
| B. | Vigorous export promotion |
| C. | Import substitution |
| D. | All of the above |
| Answer» E. | |
| 149. |
While computing national income estimates, which of the following is required to be observed ? |
| A. | The value of exports to be added and the value of imports to be subtracted |
| B. | The value of exports to be subtracted and the value of imports to be added |
| C. | The value of both exports and imports to be added |
| D. | The value of both exports and imports to be subtracted |
| Answer» B. The value of exports to be subtracted and the value of imports to be added | |
| 150. |
Who advocated the adoption of PURA mbdel to eradicate rural poverty ? |
| A. | M.S. Swaminathan |
| B. | Maulana Abul Kalam Azad |
| C. | Dr. A.P.J. Abdul Kalam |
| D. | A.M.Khusro |
| Answer» D. A.M.Khusro | |