MCQOPTIONS
Saved Bookmarks
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.
| 151. |
In how many denominations is Indian paper currency printed at present ? |
| A. | 9 |
| B. | 8 |
| C. | 7 |
| D. | 6 |
| Answer» D. 6 | |
| 152. |
Which of the following is an example of Joint-Sector enterprise in India? |
| A. | Maruti Udyog Limited |
| B. | The Indian Oil Corporation |
| C. | Hindustan Antibiotics Ltd. |
| D. | Bharat Aluminium Ltd. |
| Answer» B. The Indian Oil Corporation | |
| 153. |
In a developing country like India, in which sector a high rate of disguised unemployment exists ? |
| A. | Corporate Sector |
| B. | House-hold Sector |
| C. | Service Sector |
| D. | Agricultural Sector |
| Answer» E. | |
| 154. |
The largest component of National Income in India is |
| A. | Service Sector |
| B. | Agriculture |
| C. | Industrial Sector |
| D. | Trade Sector |
| Answer» B. Agriculture | |
| 155. |
Which one of the following is an example for Non-Banking Financial institution ?. |
| A. | RBI |
| B. | SBI |
| C. | IOB |
| D. | LIC |
| Answer» E. | |
| 156. |
Who amongst the following has never been the Governor of Reserve Bank of India ? |
| A. | D. Subbarao |
| B. | C. Rangarajan |
| C. | B.B. Bhattacharya |
| D. | Y.V. Reddy |
| Answer» D. Y.V. Reddy | |
| 157. |
Which one is correct about the duration of the Eleventh Five Year Plan? |
| A. | 01.01.2005 to 31.12.2010 |
| B. | 01.04.2005 to 31.03.2010 |
| C. | 01.01.2006 to 31.12.2011 |
| D. | 01.04.2006 to 31.03.2011 |
| E. | None of these |
| Answer» F. | |
| 158. |
The Ganga Action Plan was directed by : |
| A. | Rajiv Gandhi |
| B. | Atal Bihari Vajpayee |
| C. | Manmohan Singh |
| D. | Indira Gandhi |
| Answer» B. Atal Bihari Vajpayee | |
| 159. |
The purchase and sale of securities by the Central Bank is known as |
| A. | Variable reserve ratio |
| B. | Bank rate |
| C. | Open market operation |
| D. | Net liquidity ratio |
| Answer» D. Net liquidity ratio | |
| 160. |
NABARD is a/an |
| A. | Bank |
| B. | Financial Institution |
| C. | Insurance Corporation |
| D. | Central Government Department |
| Answer» C. Insurance Corporation | |
| 161. |
The main difference between Gross Domestic Product (GDP) and Gross National Product (GNP is |
| A. | Transfer payments |
| B. | Net foreign income from abroad |
| C. | Capital consumption allowance |
| D. | Capital gains |
| Answer» C. Capital consumption allowance | |
| 162. |
What does the open market operation of the RBI mean ? |
| A. | Buying and selling shares |
| B. | Auctioning of foreign exchange |
| C. | Trading is securities |
| D. | Transactions in gold |
| Answer» D. Transactions in gold | |
| 163. |
Which of the following is a Navaratna PSE? |
| A. | Steel Authority of India Ltd. |
| B. | MMTC Ltd |
| C. | National Aluminium Company Ltd. |
| D. | Oil India Ltd. |
| E. | None of These |
| Answer» F. | |
| 164. |
Which of the following isnot the source of the revenue of central Government? |
| A. | Income Tax |
| B. | Corporate Tax |
| C. | Agricultural Income Tax |
| D. | Excise Duty |
| Answer» D. Excise Duty | |
| 165. |
The fish catch by Indian fishermen in the international waters are part of the GDP of |
| A. | Sri Lanka |
| B. | India and Sri Lanka |
| C. | India |
| D. | India and Indonesia |
| Answer» D. India and Indonesia | |
| 166. |
The latest volume of foodgrains to be given per family as determined under Annapurna Scheme is |
| A. | 35 kg |
| B. | 20 kg |
| C. | 10 kg |
| D. | 40 kg |
| Answer» D. 40 kg | |
| 167. |
The Accounting Year of Reserve Bank of India runs from : |
| A. | April to March |
| B. | July to June |
| C. | January to December |
| D. | August to July |
| Answer» C. January to December | |
| 168. |
Which of the following States has the highest number of slums as per the data recently released by the Ministry of Housing and Urban Poverty Alleviation ? |
| A. | Uttar Pradesh |
| B. | West Bengal |
| C. | Maharashtra |
| D. | Andhra Pradesh |
| Answer» D. Andhra Pradesh | |
| 169. |
Who among the following Indian Economists has done pioneering work on National Income ? |
| A. | Jagdish Bhagwati |
| B. | M.L. Seth |
| C. | Amartya Sen |
| D. | V.K.R.V. Rao |
| Answer» E. | |
| 170. |
Which from the following is not a Navaratna PSU ? |
| A. | SAIL |
| B. | LIC |
| C. | IOC |
| D. | ONGC |
| Answer» C. IOC | |
| 171. |
Which amidst the following is a PSU ? |
| A. | Bank of Rajasthan |
| B. | ICICI Bank |
| C. | Corporation Bank |
| D. | Citibank |
| Answer» D. Citibank | |
| 172. |
The biggest item of India s imports is : |
| A. | Iron ore |
| B. | Mica |
| C. | Petroleum products |
| D. | Gems and jewellery |
| Answer» D. Gems and jewellery | |
| 173. |
Which of the following is the specially designed scheme for the welfare of the Indian women introduced recently by General Insurance? |
| A. | Rajeshwari |
| B. | Bhagya Rajeshwari |
| C. | Bhagyashree |
| D. | Raja Lakshmi |
| Answer» B. Bhagya Rajeshwari | |
| 174. |
The first state owned company from India to be listed on the New York Stock Exchange is |
| A. | Videsh Sanchar Nigam Ltd. |
| B. | Mahanagar Telephone Nigam Ltd. |
| C. | Tata Iron and Steel Company |
| D. | Wipro |
| Answer» B. Mahanagar Telephone Nigam Ltd. | |
| 175. |
Which Indian private sector company has the largest sales turnover? |
| A. | Tata Sons |
| B. | Reliance Industries |
| C. | ITC Ltd. |
| D. | Hindustan Lever Ltd. |
| Answer» C. ITC Ltd. | |
| 176. |
Chairman of the Eleventh Finance Commission was |
| A. | A.M. Khusro |
| B. | Vijay Kelkar |
| C. | Deepak Parekh |
| D. | Manmohan Singh |
| Answer» B. Vijay Kelkar | |
| 177. |
The financial capital of India is |
| A. | Mumbai |
| B. | Chennai |
| C. | Delhi |
| D. | Chandigarh |
| Answer» B. Chennai | |
| 178. |
The Reserve Bank of India issues currency notes under |
| A. | fixed fiduciary system |
| B. | maximum fidciuary system |
| C. | minimum reserve system |
| D. | proportional reserve system |
| Answer» D. proportional reserve system | |
| 179. |
The credit control operation in India is performed by |
| A. | Rural banks |
| B. | Commercial banks |
| C. | Reserve Bank of India |
| D. | State Bank of India |
| Answer» D. State Bank of India | |
| 180. |
Which of the following yields the largest revenue to the Government of India? |
| A. | Sales tax |
| B. | Excise duty |
| C. | Income tax |
| D. | Entertainment tax |
| Answer» C. Income tax | |
| 181. |
The gift edged market in the capital market of India refers to |
| A. | long-term private securities |
| B. | market dealing in existing securities. |
| C. | market for corporate securities |
| D. | market for Government securities |
| Answer» C. market for corporate securities | |
| 182. |
The preparation of National Income Estimates is the responsibility of the |
| A. | Planning Commission |
| B. | National Development Council |
| C. | National Sample Survey Organisation |
| D. | Central Statistical Organisation |
| Answer» E. | |
| 183. |
The Reserve Bank of India was nationalised in the year |
| A. | 1935 |
| B. | 1969 |
| C. | 1949 |
| D. | 1980 |
| Answer» D. 1980 | |
| 184. |
The Government has renamed NREGA scheme and the name associated with the scheme is that of |
| A. | Rajiv Gandhi |
| B. | Jawahar Lal Nehru |
| C. | Mahatma Gandhi |
| D. | Indira Gandhi |
| Answer» D. Indira Gandhi | |
| 185. |
The present Indian monetary system is based on |
| A. | Gold Reserve System |
| B. | Proportional Reserve System |
| C. | Convertible Currency System |
| D. | Minimum Reserve System |
| Answer» E. | |
| 186. |
India is called a mixed economy because of the existence of |
| A. | A, D |
| B. | A, B |
| C. | C, D |
| D. | B, D |
| Answer» C. C, D | |
| 187. |
Which of the following functions as a controller of credit in India ? |
| A. | The Central Government |
| B. | The Reserve Bank of India |
| C. | The State Bank of India |
| D. | The Planning Commission |
| Answer» C. The State Bank of India | |
| 188. |
What is known as the open market operation of the RBI ? |
| A. | Buying and selling of stocks |
| B. | Auctioning of foreign exchange |
| C. | Trading in securities |
| D. | Transactions in gold |
| Answer» B. Auctioning of foreign exchange | |
| 189. |
Which one of the following currencies has the highest value in terms of rupee ? |
| A. | Pound |
| B. | Dollar |
| C. | Euro |
| D. | Saudi Rial |
| Answer» B. Dollar | |
| 190. |
The Employment Guarntee Scheme, which is now an important component of the NCMP, was first introduced in which State ? |
| A. | Kerala |
| B. | Maharashtra |
| C. | Andhra Pradesh |
| D. | West Bangal |
| Answer» C. Andhra Pradesh | |
| 191. |
The basic regulatory autho-rity for mutual funds and stock markets lies with the |
| A. | Government of India |
| B. | Reserve Bank of India |
| C. | SEBI |
| D. | Stock Exchange |
| Answer» D. Stock Exchange | |
| 192. |
The Government resorts to devaluation of its currency in order to promote |
| A. | national income |
| B. | international goodwill |
| C. | exports |
| D. | savings |
| Answer» D. savings | |
| 193. |
Antyodaya Programme is associated with |
| A. | Liberation of bonded labour |
| B. | Bringing up cultural revolution in India |
| C. | Demands of textile labourers |
| D. | Upliftment of the poorest of the poor |
| Answer» E. | |
| 194. |
When did the Rupee become a freely convertible currency on current account, in India ? |
| A. | 2000 |
| B. | 2001 |
| C. | 1994 |
| D. | 1999 |
| Answer» D. 1999 | |
| 195. |
Which Indian company secured the highest export revenue from IT software and services during the past two years ? |
| A. | TCS |
| B. | Infosys Technologies Ltd. |
| C. | Wipro Technologies Ltd. |
| D. | Satyam Computer Services Ltd. |
| Answer» B. Infosys Technologies Ltd. | |
| 196. |
Per Capita income is maximum in which of the following states in India? |
| A. | Himachal Pradesh |
| B. | Punjab |
| C. | Gujarat |
| D. | Goa |
| Answer» E. | |
| 197. |
Which of the following sets belong to Central tax ? |
| A. | Excise duty, Sales tax and Customs duty |
| B. | Excise duty, Customs duty and Income tax |
| C. | Income tax, Customs duty and House tax |
| D. | Customs duty, Entertainment tax and Income tax |
| Answer» C. Income tax, Customs duty and House tax | |
| 198. |
Consider the following reasons of continuous decline in average land-holding size in India : |
| A. | A, B, C and D |
| B. | A, C and D |
| C. | A and D |
| D. | A and B |
| Answer» D. A and B | |
| 199. |
Which of the following is the most important domestic source of planned finance ? |
| A. | Balance of current revenue |
| B. | Profit from public sector units |
| C. | Domestic private savings |
| D. | Additional taxation |
| Answer» D. Additional taxation | |
| 200. |
Which of the following taxes is not shared between the Union and the states ? |
| A. | Income tax |
| B. | Excise duty |
| C. | Corporation tax |
| D. | Sales tax |
| Answer» E. | |