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.
| 51. |
Which of the following is the apex bank of India? |
| A. | sbi |
| B. | sbt |
| C. | rbi |
| D. | icici |
| Answer» B. sbt | |
| 52. |
National income estimation in India is the responsibility of |
| A. | nsso |
| B. | cso |
| C. | finance ministry |
| D. | national income committee |
| Answer» C. finance ministry | |
| 53. |
Which one of the following institution formulates monetary policy? |
| A. | rbi |
| B. | finance ministry |
| C. | sebi |
| D. | planning commission |
| Answer» B. finance ministry | |
| 54. |
Inflation implies: |
| A. | rise in budget deficit |
| B. | rise in moneysupply |
| C. | rise in general price index |
| D. | rise in prices of consumer goods |
| Answer» D. rise in prices of consumer goods | |
| 55. |
The Issue Department of the RBI maintains a against printing of notes: |
| A. | minimum reserve system |
| B. | proportional reserve system |
| C. | proportional gold reserve system |
| D. | proportional foreign securities reserve system |
| Answer» B. proportional reserve system | |
| 56. |
Who is the originator of Green Revolution in India? |
| A. | norman e. borlaug |
| B. | m.s. swaminathan |
| C. | garry backer |
| D. | none of these |
| Answer» B. m.s. swaminathan | |
| 57. |
Black money is : |
| A. | counterfeit currency |
| B. | illegally earned money |
| C. | money earned through underhand deals |
| D. | income on which payment of tax is usually evaded |
| Answer» E. | |
| 58. |
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 | |
| 59. |
The Food For Work programme was renamedas: |
| A. | rural landless employment guarantee programme (rlegp) |
| B. | national rural employment programme (nrep) |
| C. | jawahar rozgar yojana (jry) |
| D. | integrated rural development programme (irdp) |
| Answer» C. jawahar rozgar yojana (jry) | |
| 60. |
Among the following who are eligible to benefit from the "Mahatma Gandhi National Rural Employment 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. | |
| 61. |
Absolute Povertymeans: |
| A. | poverty in terms of absolute number ofpeople |
| B. | poverty in terms of the basic minimum calorie requirements |
| C. | poverty in terms of the prevailing pricelevel |
| D. | poverty in terms of the absolute level of unemployment |
| Answer» C. poverty in terms of the prevailing pricelevel | |
| 62. |
Who among the following was the first Chairman of the PlanningCommission? [CDS 2008] |
| A. | dr. rajendra prasad |
| B. | pt. jawahar lal nehru |
| C. | sardar vallabhbhai patel |
| D. | j.b. kripalani |
| Answer» C. sardar vallabhbhai patel | |
| 63. |
The Second Five Year Plan laid more stress upon: |
| A. | agriculture |
| B. | industrialisation |
| C. | removing poverty |
| D. | self-reliance |
| Answer» C. removing poverty | |
| 64. |
In which of the Five YearPlans, preference was given to the weaker sections of the society ? |
| A. | second |
| B. | third |
| C. | fourth |
| D. | fifth |
| Answer» E. | |
| 65. |
Which Committee's recommendations are being followed for estimating Poverty Line in India? |
| A. | dutt committee |
| B. | chelliah committee |
| C. | chakravorty committee |
| D. | lakdawala committee |
| Answer» E. | |
| 66. |
Which one of the following Five-Year Plans recognised human development as the core of all developmental 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. | |
| 67. |
Dadabhai Naoroji theorised on the drain of wealth from India inhis book: |
| A. | poverty under british rule in india |
| B. | poverty in british rule in india |
| C. | poverty and un-british rule inindia |
| D. | poverty of economic drain in british india |
| Answer» D. poverty of economic drain in british india | |
| 68. |
The contribution of agriculture to India's' economy is: |
| A. | increasing |
| B. | decreasing |
| C. | onstant |
| D. | none of these |
| Answer» C. onstant | |
| 69. |
'Globalisation of Indian Economy' means: |
| A. | stepping up external borrowings |
| B. | establishing indian business units abroad |
| C. | having minimum possible restrictions on economic relations with othercountries |
| D. | giving up programmes of import substitution |
| Answer» D. giving up programmes of import substitution | |
| 70. |
Who wrote the book 'Planned Economy for India'? |
| A. | m. visvesvaraya |
| B. | sardar vallabhbhai patel |
| C. | jawaharlal nehru |
| D. | mahatma gandhi |
| Answer» B. sardar vallabhbhai patel | |
| 71. |
Rolling plan was designed for the period: |
| A. | 1978-83 |
| B. | 1980-85 |
| C. | 1985-90 |
| D. | 1974-97 |
| Answer» B. 1980-85 | |
| 72. |
The decentralisation system was recommended by: |
| A. | c.rajagopalachari b. j. |
| B. | kripalan |
| C. | balwant rai mehta |
| D. | ashok mehta |
| Answer» D. ashok mehta | |
| 73. |
The first attempt to initiate economic planning in India was madeby: |
| A. | balwantrai mehta |
| B. | vallabhbhai patel |
| C. | m. visvesvaraya |
| D. | jawaharlal nehru |
| Answer» D. jawaharlal nehru | |
| 74. |
India has: |
| A. | socialistic economy |
| B. | gandhian economy |
| C. | mixed economy |
| D. | free economy |
| Answer» D. free economy | |
| 75. |
Economic survey is published by : |
| A. | ministry of finance |
| B. | planningcommission |
| C. | govt. of india |
| D. | indian statistical institute |
| Answer» B. planningcommission | |
| 76. |
Above 50% of working population of India is engaged in: |
| A. | public sector |
| B. | primary sector |
| C. | secondary sector |
| D. | tertiary sector |
| Answer» C. secondary sector | |
| 77. |
Take off stage' in an economy means: |
| A. | steady growthbegins |
| B. | economy is stagnant |
| C. | economy is about to collapse |
| D. | all controls are removed |
| Answer» B. economy is stagnant | |
| 78. |
For internal financing of Five Year Plans, the government depends on: |
| A. | taxation only |
| B. | taxation and public borrowing |
| C. | public borrowing and deficitfinancing |
| D. | taxation, public borrowing and deficit financing |
| Answer» B. taxation and public borrowing | |
| 79. |
Economic Planning is a subject: |
| A. | in the unionlist |
| B. | in the state list |
| C. | in the concurrent list |
| D. | unspecified in any speciallist |
| Answer» B. in the state list | |
| 80. |
National Development Council was set up in: |
| A. | 1948 |
| B. | 1950 |
| C. | 1951 |
| D. | 1952 |
| Answer» E. | |