MCQOPTIONS
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MCQOPTIONS
This section includes 80 Mcqs, each offering curated multiple-choice questions to sharpen your Master of Arts in Economics (M.A. Economics) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Which one of the following was the first committee to demand constitutional recognition forPanchayats? |
| A. | balwantrai mehta committee |
| B. | ashok mehta committee |
| C. | santhanam committee |
| D. | g.v.k.rao committee |
| Answer» B. ashok mehta committee | |
| 2. |
Which one of the following institutions acts as the apex regulatory body for food safety inIndia? |
| A. | agmark and legal metrology |
| B. | bureau of indian standards |
| C. | fssai |
| D. | bis |
| Answer» D. bis | |
| 3. |
The AMRUT (Atal Mission for Rejuvenation and Urban Transformation) programmefocuses on: |
| A. | providing water supply |
| B. | providing nutritional support |
| C. | providing electricity connection |
| D. | providing free lpg connection |
| Answer» B. providing nutritional support | |
| 4. |
Select the scheme which was launched to promote basic education in India and attractchildren in school going age to attend the classes: |
| A. | pulse polio abhiyan |
| B. | operation black board |
| C. | mid-day meal scheme |
| D. | shiksha sahyog yojana |
| Answer» D. shiksha sahyog yojana | |
| 5. |
Which one of the following state introduced ‘fat tax’ for the first time in India? |
| A. | gujarat |
| B. | kerala |
| C. | karnataka |
| D. | haryana |
| Answer» C. karnataka | |
| 6. |
Which of the following is not a measure to control inflation adopted by the RBI and theGovernment? |
| A. | monetary policy |
| B. | financial inclusion |
| C. | variation in margin requirements |
| D. | changes in taxation |
| Answer» C. variation in margin requirements | |
| 7. |
Which one of the following brings out the publication called ‘Energy Statistics’ from time totime” |
| A. | central power research institute |
| B. | planning commission |
| C. | pfcl |
| D. | central statistical organization |
| Answer» E. | |
| 8. |
What is the minimumcalorie intake decided by the Planning Commission for rural and urban areas,respectively ? |
| A. | 2400 and 2100 |
| B. | 2100and 2400 |
| C. | 2400 and 2200 |
| D. | 2100 and 2200 |
| Answer» B. 2100and 2400 | |
| 9. |
Among the following who are eligible to benefit from the "Mahatma Gandhi National RuralEmployment Guarantee Act" ? |
| A. | adult members of only the scheduled caste and scheduled tribe households |
| B. | adult members of below poverty line (bpl) households |
| C. | adult members of households of all backward communities |
| D. | adult members of any household |
| Answer» E. | |
| 10. |
Which one of the following Five-Year Plans recognised human development as the core of alldevelopmental efforts? |
| A. | the third five-year plan |
| B. | the fifth five-year plan |
| C. | the sixth five-year plan |
| D. | the eighth five-year plan |
| Answer» E. | |
| 11. |
When was R.B.I. nationalised? |
| A. | 1935 b. |
| B. | 1949 c. |
| C. | 1929 d. |
| D. | 1914 |
| Answer» C. 1929 d. | |
| 12. |
As per the Union Budget, 2020-21, what is the highest rate of Direct Tax in India? |
| A. | 20% |
| B. | 35% |
| C. | 30% |
| D. | 40% |
| Answer» D. 40% | |
| 13. |
What is the base year for calculating India's GDP? |
| A. | 2004-05 |
| B. | 2010-11 |
| C. | 2011-12 |
| D. | 2014-15 |
| Answer» D. 2014-15 | |
| 14. |
Till what time Indian Economy want to become a US$5 trillion dollar economy? |
| A. | 2022-23 |
| B. | 2024-25 |
| C. | 2027-28 |
| D. | 2029-30 |
| Answer» C. 2027-28 | |
| 15. |
When the Land Reform Act was passed? |
| A. | 1950 |
| B. | 1953 |
| C. | 1952 |
| D. | 1957 |
| Answer» B. 1953 | |
| 16. |
Which one of the following was the first committee to demand constitutional recognition for Panchayats? |
| A. | balwantrai mehta committee |
| B. | ashok mehta committee |
| C. | santhanam committee |
| D. | g.v.k.rao committee |
| Answer» B. ashok mehta committee | |
| 17. |
Ashok Mehta Committee in 1977 recommended for the establishment of: |
| A. | nagar panchayat |
| B. | panchayat samiti |
| C. | maha panchayat |
| D. | mandal panchayat |
| Answer» E. | |
| 18. |
GST stands for: |
| A. | goods and supply tax |
| B. | government sales tax |
| C. | goods and service tax |
| D. | general sales tax |
| Answer» D. general sales tax | |
| 19. |
India chosen ---------- model of dual GST: |
| A. | usa |
| B. | uk |
| C. | canadian |
| D. | china |
| Answer» D. china | |
| 20. |
GST is ---------- based tax on consumption of goods and services: |
| A. | duration |
| B. | destination |
| C. | dividend |
| D. | development |
| Answer» C. dividend | |
| 21. |
Which of the following sector is dominant in Kerala economy? |
| A. | agrarian |
| B. | .industrial |
| C. | service |
| D. | none |
| Answer» D. none | |
| 22. |
Which segment is contributing largest into the gross savings of the country? |
| A. | household sector |
| B. | private corporate sector |
| C. | public sector |
| D. | foreign sector |
| Answer» B. private corporate sector | |
| 23. |
Which one of the following is the national regulatory body for insurance industry in India? |
| A. | sebi |
| B. | irdai |
| C. | rbi |
| D. | uti |
| Answer» C. rbi | |
| 24. |
Which one of the following institutions acts as the apex regulatory body for food safety in India? |
| A. | agmark and legal metrology |
| B. | bureau of indian standards |
| C. | fssai |
| D. | bis |
| Answer» D. bis | |
| 25. |
In the index of eight core industries, which one of the following is given the highest weight? |
| A. | coal production |
| B. | electricity generation |
| C. | fertilizer production |
| D. | steel production |
| Answer» C. fertilizer production | |
| 26. |
Which one of the following industries is not included in the Eight Core Industries? |
| A. | coal |
| B. | textiles |
| C. | electricity |
| D. | crude oil |
| Answer» C. electricity | |
| 27. |
What kind of unemployment is found in the agricultural sector of India? |
| A. | situational |
| B. | voluntary |
| C. | frictional |
| D. | disguised |
| Answer» E. | |
| 28. |
When was the first agriculture census of India conducted? |
| A. | 1880 |
| B. | 1890 |
| C. | 1921 |
| D. | 1970 |
| Answer» E. | |
| 29. |
Which one among the following sectors in India has the highest share of employment? |
| A. | agriculture and allied sectors |
| B. | manufacturing |
| C. | construction |
| D. | tertiary sector |
| Answer» B. manufacturing | |
| 30. |
Which one of the following items has maximum weight in wholesale price index in India? |
| A. | primary article |
| B. | fuel and power |
| C. | manufactured products |
| D. | food item |
| Answer» D. food item | |
| 31. |
Evergreen revolution indicates: |
| A. | wheat revolution |
| B. | organic farming |
| C. | large scale milk production |
| D. | promotion of horticulture |
| Answer» C. large scale milk production | |
| 32. |
The government of India refers to the absolute poverty line in terms of: |
| A. | household savings |
| B. | household consumption |
| C. | household investment |
| D. | household income |
| Answer» C. household investment | |
| 33. |
In an economy, head count ratio is the measure of : |
| A. | unemployment |
| B. | poverty |
| C. | literacy |
| D. | malnutrition |
| Answer» C. literacy | |
| 34. |
The AMRUT (Atal Mission for Rejuvenation and Urban Transformation) programme focuses on: |
| A. | providing water supply |
| B. | providing nutritional support |
| C. | providing electricity connection |
| D. | providing free lpg connection |
| Answer» B. providing nutritional support | |
| 35. |
Select the scheme which was launched to promote basic education in India and attract children in school going age to attend the classes: |
| A. | pulse polio abhiyan |
| B. | operation black board |
| C. | mid-day meal scheme |
| D. | shiksha sahyog yojana |
| Answer» D. shiksha sahyog yojana | |
| 36. |
What is the level of sex ratio in India as per the Census Report of 2011? |
| A. | 930 |
| B. | 935 |
| C. | 940 |
| D. | 945 |
| Answer» D. 945 | |
| 37. |
Demonetisation has the potential to generate long term benefits in terms of: |
| A. | reduced corruption |
| B. | greater digitalization of the economy |
| C. | increased flaws of financial savings |
| D. | all of the above |
| Answer» E. | |
| 38. |
Which one of the following state introduced ‘fat tax’ for the first time in India? |
| A. | gujarat |
| B. | kerala |
| C. | karnataka |
| D. | haryana |
| Answer» C. karnataka | |
| 39. |
Which of the following contributes largest share in the tax revenue of India? |
| A. | service tax |
| B. | wealth tax |
| C. | income tax |
| D. | securities transaction tax |
| Answer» D. securities transaction tax | |
| 40. |
In India deficit financing is used for raising resources for: |
| A. | economic development |
| B. | redemption of public debt |
| C. | adjustment the balance of payments |
| D. | reducing the foreign debt |
| Answer» B. redemption of public debt | |
| 41. |
The basic objective of MUDRA bank is to: |
| A. | give priority to sc/st enterprises |
| B. | funding the unfunded areas |
| C. | ensuring financial inclusion |
| D. | all of the above |
| Answer» E. | |
| 42. |
The phenomena of increasing prices but declining output and employment indicates: |
| A. | disinflation |
| B. | stagflation |
| C. | reflation |
| D. | open inflation |
| Answer» C. reflation | |
| 43. |
Which of the authority is entrusted to retain the foreign exchange reserve of the country? |
| A. | sebi |
| B. | central government |
| C. | rbi |
| D. | exim bank |
| Answer» D. exim bank | |
| 44. |
Which of the following is not a measure to control inflation adopted by the RBI and the Government? |
| A. | monetary policy |
| B. | financial inclusion |
| C. | variation in margin requirements |
| D. | changes in taxation |
| Answer» C. variation in margin requirements | |
| 45. |
This is the rate at which RBI borrows money from commercial banks: |
| A. | open market operations |
| B. | slr |
| C. | repo rate |
| D. | reverse repo rate |
| Answer» E. | |
| 46. |
Economic depression is usually coupled with: |
| A. | deflation |
| B. | inflation |
| C. | stagflation |
| D. | hyperinflation |
| Answer» B. inflation | |
| 47. |
Which of the following brings out wholesale Price Index (WPI) |
| A. | the reserve bank of india |
| B. | the department of economic affairs |
| C. | the labour bureau |
| D. | ministry of industry |
| Answer» E. | |
| 48. |
The headquarters of UNFCCC is located at: |
| A. | geneva |
| B. | berlin |
| C. | tokyo |
| D. | bonn |
| Answer» E. | |
| 49. |
Which one of the following brings out the publication called ‘Energy Statistics’ from time to time†|
| A. | central power research institute |
| B. | planning commission |
| C. | pfcl |
| D. | central statistical organization |
| Answer» E. | |
| 50. |
As per the CSO classification, which of the following does not fall under industrial sector? |
| A. | electricity |
| B. | gas and water supply |
| C. | transport and communication |
| D. | manufacturing |
| Answer» D. manufacturing | |