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.
| 201. |
Which of the following is not in the infrastructure sector ? |
| A. | Power generation |
| B. | Construction of roads |
| C. | Food production |
| D. | Expansion of air ports |
| Answer» D. Expansion of air ports | |
| 202. |
Punjab National Bank has been honoured with the Golden Peacock Award 2002 for excellence in |
| A. | agricultural finance |
| B. | rural industrialisation |
| C. | housing development |
| D. | corporate excellence |
| Answer» E. | |
| 203. |
In India the largest public undertaking is |
| A. | Air India |
| B. | Indian Railways |
| C. | IOC |
| D. | LIC |
| Answer» D. LIC | |
| 204. |
What is the name of the electronic communication network of the Reserve Bank of India ? |
| A. | BOLT |
| B. | RBISAT |
| C. | RBINET |
| D. | RBIDOT |
| Answer» D. RBIDOT | |
| 205. |
The total number of nationalised banks in India is |
| A. | 14 |
| B. | 19 |
| C. | 21 |
| D. | 30 |
| Answer» D. 30 | |
| 206. |
The tenth plan aims to reduce the poverty ratio by 2007 to |
| A. | 10% |
| B. | 30% |
| C. | 20% |
| D. | 5% |
| Answer» E. | |
| 207. |
In India, one-rupee coins and notes and subsidiary coins are issued by |
| A. | the Reserve Bank of India |
| B. | the Central Govern-ment |
| C. | the State Bank of India |
| D. | the Unit Trust of India |
| Answer» C. the State Bank of India | |
| 208. |
Which authority decides about the States share in central taxes? |
| A. | Finance Commission |
| B. | Planning Commission |
| C. | Election Commission |
| D. | Finance Ministry |
| Answer» B. Planning Commission | |
| 209. |
Which State has the lowest per capita income in India ? |
| A. | Bihar |
| B. | Orissa |
| C. | Rajasthan |
| D. | Gujarat |
| Answer» B. Orissa | |
| 210. |
India s biggest nationalised enterprise today |
| A. | the Indian Railways |
| B. | the Indian Commercial Banking System |
| C. | the Indian Power Sector |
| D. | the Indian Telecommu-nication System |
| Answer» B. the Indian Commercial Banking System | |
| 211. |
In the budget figures of the Government of India the difference between total expenditure and total receipts is called |
| A. | Fiscal deficit |
| B. | Budget deficit |
| C. | Revenue deficit |
| D. | Current deficit |
| Answer» B. Budget deficit | |
| 212. |
Which of the following has the sole right of issuing currency (except one rupee coins and notes) in India ? |
| A. | The Government of India |
| B. | |
| C. | The Planning Commi-ssion |
| D. | The State Bank of India |
| E. | The Reserve Bank of India |
| Answer» E. The Reserve Bank of India | |
| 213. |
The famous slogan GARIBI HATAO (Remove Poverty) was launched during the |
| A. | First Five Year Plan (1951-56) |
| B. | Third Five Year Plan (1961-66) |
| C. | Fourth Five Year Plan (1964-66) |
| D. | Fifth Five Year Plan (1974-79) |
| Answer» E. | |
| 214. |
Who coined the term Hindu rate of growth for Indian economy? |
| A. | A.K. Sen |
| B. | Kirit S. Parikh |
| C. | Raj Krishna |
| D. | Montek Singh Ahluwalia |
| Answer» D. Montek Singh Ahluwalia | |
| 215. |
In which plan was self-reliance first emphasised |
| A. | Second Plan |
| B. | Third Plan |
| C. | Fourth Plan |
| D. | Fifth Plan |
| Answer» E. | |
| 216. |
When was the Jawahar Rozgar Yojna launched ? |
| A. | 1985 |
| B. | 1987 |
| C. | 1989 |
| D. | 1991 |
| Answer» D. 1991 | |
| 217. |
Nextzone an information technology SEZ is being establihsed at |
| A. | Panki in Uttar Pradesh |
| B. | Panvel in Maharashtra |
| C. | Bangalore in Karnataka |
| D. | Secunderabad in Andhra Pradesh |
| Answer» C. Bangalore in Karnataka | |
| 218. |
With the inclusion of Shipping Corporation of India recently in the list of Nav Ratna PSEs, their number now stands at |
| A. | 15 |
| B. | 16 |
| C. | 17 |
| D. | 18 |
| Answer» C. 17 | |
| 219. |
Token privatisation or deficit privatisation of public sector units occur when the government sells |
| A. | 5% of shares |
| B. | 10% of shares |
| C. | 15 % of shares |
| D. | 20% of shares |
| Answer» B. 10% of shares | |
| 220. |
The Centre for Agricultural Marketing is located at |
| A. | Jaipur |
| B. | New Delhi |
| C. | Nagpur |
| D. | Hyderabad |
| Answer» B. New Delhi | |
| 221. |
Where is the Indian Institute of Foreign Trade Located ? |
| A. | New Delhi |
| B. | Hyderabad |
| C. | Mumbai |
| D. | Ahmedabad |
| Answer» B. Hyderabad | |
| 222. |
Which is not the objective of Public Procurement and Distribution system followed by Indian Government ? |
| A. | Maintain price stability through creation of buffer stocks |
| B. | Protect the interests of both consumers and poor farmers |
| C. | Control the production of food grains |
| D. | Reduce personal and regional inequality in the distribution |
| Answer» D. Reduce personal and regional inequality in the distribution | |
| 223. |
EXIM Policy, 2002-07, has set a target to achieve a share in the global trade by 2007 at |
| A. | 0.5 per cent |
| B. | 1.0 per cent |
| C. | 1.5 per cent |
| D. | 2.0 per cent |
| Answer» C. 1.5 per cent | |
| 224. |
The Planning Commission of India was constituted in the year |
| A. | 1942 |
| B. | 1947 |
| C. | 1950 |
| D. | 1955 |
| Answer» D. 1955 | |
| 225. |
The Narasimham Committee (1991) on financial reforms proposed for establishment of a |
| A. | Four tier hierarchy of the Banking structure |
| B. | Three tier hierarchy of the Banking structure |
| C. | Two tier hierarchy of the Banking structure |
| D. | Unified control by the apex institutions |
| Answer» B. Three tier hierarchy of the Banking structure | |
| 226. |
The highest body which approves the Five Year Plan in India is the |
| A. | Planning Commission |
| B. | National Development Council |
| C. | Finance Ministry |
| D. | Union Cabinet |
| Answer» C. Finance Ministry | |
| 227. |
The Report of Vijay Kelkar Committee relates to |
| A. | Trade Reforms |
| B. | Centre-State Financial Relations |
| C. | Disinvestment in Public Sector Enterprises |
| D. | Tax Reforms |
| Answer» E. | |
| 228. |
In the post-independence period, economic reforms were first introduced in India under |
| A. | P.V. Narasimha Rao Government (1990) |
| B. | Indira Gandhi Government (1980) |
| C. | Rajiv Gandhi Government (1985) |
| D. | Janata Party Government (1977) |
| Answer» B. Indira Gandhi Government (1980) | |
| 229. |
The Commission in India dealing with minimum support price, procurement price, etc in connection with agricultural goods is the |
| A. | Planning Commission |
| B. | Agricultural Costs and Prices Commission |
| C. | Agricultural Price Commission |
| D. | National Marketing Commission |
| Answer» B. Agricultural Costs and Prices Commission | |
| 230. |
Which of the following Indian banks became the first to touch a market capitalisation of Rs. 1,00,000 crore in India? |
| A. | ICICI |
| B. | HDFC |
| C. | SBI |
| D. | PNB |
| Answer» D. PNB | |
| 231. |
Consider the following statements : a. NTPC has diversified to hydropower sector b. Power Grid Corporation has diversified into telecom sector. Which of the statements below is correct ? |
| A. | Only a |
| B. | Only b |
| C. | Both of a and b |
| D. | None of a and b |
| Answer» D. None of a and b | |
| 232. |
Which car has been the best seller in India in 2004-2005 ? |
| A. | Maruti 800 |
| B. | Maruti Suzuki Alto |
| C. | Tata Indica |
| D. | Santro Xing |
| Answer» C. Tata Indica | |
| 233. |
Identify the Navratna Company in the following |
| A. | ICICI Bank |
| B. | Infosys |
| C. | HPCL Ltd |
| D. | Air India |
| Answer» D. Air India | |
| 234. |
Which of the following taxes is levied by the Union and appropriated and planned by the states ? |
| A. | Service tax |
| B. | Stamp duty |
| C. | Property tax |
| D. | Passenger and freight duty |
| Answer» C. Property tax | |
| 235. |
Planning and control are so related that |
| A. | Planning initiates control |
| B. | Control initiates planning |
| C. | Both are equivalent |
| D. | Both go on simulta-neously in cycle |
| Answer» E. | |
| 236. |
What is the main function of Central Statistical Organisation (CSO) ? |
| A. | Determination of money supply |
| B. | Collection of estimates of national income |
| C. | Collection of detail data regarding employment |
| D. | Price determination |
| Answer» C. Collection of detail data regarding employment | |
| 237. |
Which of the following is apex bank for industrial loans ? |
| A. | RBI |
| B. | NABARD |
| C. | ICICI |
| D. | IDBI |
| Answer» E. | |
| 238. |
Which one of the following is not considered as an infrastructure investment ? Investment in a |
| A. | Power project |
| B. | Railways project |
| C. | Telecommunication |
| D. | Automobile industry |
| Answer» E. | |
| 239. |
Jeevan Aastha a scheme relating to investment and saving, was launched during 2008 09, by |
| A. | Tata AIG |
| B. | ICICI Prudential |
| C. | Bajaj Allianz |
| D. | LIC |
| Answer» E. | |
| 240. |
The proceeds of income tax go to |
| A. | Central Government |
| B. | State Government |
| C. | Centre and States |
| D. | Corporation authorities |
| Answer» D. Corporation authorities | |
| 241. |
The term Mixed Economy denotes |
| A. | existence of both rural and urban sectors |
| B. | existence of both private and public sectors |
| C. | existence of both heavy and small industries |
| D. | existence of both developed and underdeveloped sectors |
| Answer» C. existence of both heavy and small industries | |
| 242. |
FERA in India has been replaced by |
| A. | FEPA |
| B. | FEMA |
| C. | FENA |
| D. | FETA |
| Answer» C. FENA | |
| 243. |
The period of the Eleventh FiveYear Plan is |
| A. | 2005 to 2010 |
| B. | 2006 to 2011 |
| C. | 2007 to 2012 |
| D. | 2008 to 2013 |
| Answer» D. 2008 to 2013 | |
| 244. |
To achieve high rates of growth of national output, the economy has to |
| A. | reduce the rate of growth of population |
| B. | borrow foreign capital |
| C. | step up the rate of savings |
| D. | increase the rate of investment and reduce the capital output ratio |
| Answer» E. | |
| 245. |
Which is the first Public Sector Corporation of independent India? |
| A. | Hindustan Steel Corporation, Bhilai |
| B. | State Trading Corporation of India |
| C. | Food Corporation of India |
| D. | Damodar Valley Corporation |
| Answer» E. | |
| 246. |
The main source of revenue for a State Government in India is |
| A. | Sales tax |
| B. | Excise duty |
| C. | Income tax |
| D. | Property tax |
| Answer» B. Excise duty | |
| 247. |
A Scheduled Bank is one which is included in the |
| A. | II Schedule of Banking Regulation Act |
| B. | II Schedule of Constit-ution |
| C. | II Schedule of Reserve Bank of India Act |
| D. | None of the above |
| Answer» D. None of the above | |
| 248. |
Open market operation refers to |
| A. | borrowing by commercial banks from the R.B.I. |
| B. | lending by scheduled banks to non-scheduled banks |
| C. | purchase and sale of Government securities by the R.B.I. |
| D. | purchase and sale of bonds and securities by the Central Govt. |
| Answer» D. purchase and sale of bonds and securities by the Central Govt. | |
| 249. |
What is the extent of change of the literacy rate envisaged by the end of the Xth Five Year Plan ? |
| A. | From 65% to 75% |
| B. | From 60% to 70% |
| C. | From 50% to 55% |
| D. | From 45% to 50% |
| Answer» B. From 60% to 70% | |
| 250. |
What is the animal on the insignia of the RBI ? |
| A. | Lion |
| B. | Tiger |
| C. | Panther |
| D. | Elephant |
| Answer» C. Panther | |