MCQOPTIONS
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MCQOPTIONS
This section includes 115 Mcqs, each offering curated multiple-choice questions to sharpen your GK knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
The first oil refinery in India was established |
| A. | Barauni |
| B. | Visakhapatnam |
| C. | Digboi |
| D. | Mumbai |
| Answer» D. Mumbai | |
| 52. |
In which year fourteen major banks were nationalized in India? |
| A. | 1967 |
| B. | 1968 |
| C. | 1969 |
| D. | 1971 |
| Answer» D. 1971 | |
| 53. |
'Mumbai High' is related to? |
| A. | Steel |
| B. | Petroleum |
| C. | Tomb |
| D. | Jute |
| Answer» C. Tomb | |
| 54. |
Small farmers are defined in the country as those farmers who have holding area- |
| A. | Less than one hectare |
| B. | One to two hectares |
| C. | two to three hectares |
| D. | three to four hectares |
| Answer» C. two to three hectares | |
| 55. |
Who gave priority to the Second Five Year Plan? |
| A. | Agriculture |
| B. | Services |
| C. | Heavy Industries |
| D. | Foreign Trade |
| Answer» D. Foreign Trade | |
| 56. |
The gradation and standardization of agricultural products are conducted through |
| A. | Food Corporation of India |
| B. | Directorate of Marketing and Inspection |
| C. | Indian Standards Institution |
| D. | Central Statistical Organization |
| Answer» C. Indian Standards Institution | |
| 57. |
What kind of economy is there in India? |
| A. | socialist |
| B. | Mixed |
| C. | Free |
| D. | Gandhian |
| Answer» C. Free | |
| 58. |
How many member is in the GST Council of India? |
| A. | 33 |
| B. | 34 |
| C. | 36 |
| D. | 27 |
| Answer» B. 34 | |
| 59. |
If Reserve Bank of India reduces the cash reserve ratio, it will : |
| A. | increase credit creation |
| B. | decrease credit creation |
| C. | have no impact on credit creation |
| D. | have no definite impact on credit creation |
| Answer» B. decrease credit creation | |
| 60. |
Which of these reports is not released by International Monetary Fund? |
| A. | human Development Report |
| B. | Global Financial Stability Report |
| C. | World Economic Outlook |
| D. | External Sector Report |
| Answer» B. Global Financial Stability Report | |
| 61. |
Deficit financing means the government borrows money from the |
| A. | International Monetary Fund |
| B. | Ministry of Finance |
| C. | Reserve Bank of India |
| D. | World Trade Organization |
| Answer» D. World Trade Organization | |
| 62. |
Which of the following is not investment expenditure in good and servies? |
| A. | Purchase of a house |
| B. | Purchase of a machinery |
| C. | Expansion of the main plant of a company |
| D. | An increases in business inventories |
| Answer» B. Purchase of a machinery | |
| 63. |
By whom is the truck named Ashok Leyland produced? |
| A. | Tata |
| B. | Hinduja |
| C. | Birla |
| D. | Godrej |
| Answer» C. Birla | |
| 64. |
Who was the first to assess national income in India? |
| A. | Dada Bhai Naoroji |
| B. | R.C.V Rao |
| C. | V.K.R.V Rao |
| D. | D .R. Gadanil |
| Answer» B. R.C.V Rao | |
| 65. |
Which method is used in calculating national income in India? |
| A. | Origin calculation method |
| B. | Income Law |
| C. | both of the above |
| D. | None of these |
| Answer» D. None of these | |
| 66. |
Bank rate is the rate at which |
| A. | A bank lends to the public. |
| B. | RBI lends to the public. |
| C. | RBI lends to commercial banks. |
| D. | Government of India lends to other countries. |
| Answer» D. Government of India lends to other countries. | |
| 67. |
Which one of the following is not a clause of World Trade Organisation? |
| A. | Lowering trade barriers with negotiations |
| B. | Most favoured nation treatment |
| C. | Providing financial support to the countries having deficit balance of payments |
| D. | Discouraging unfair trade practices such as anti-dumping and export subsidies |
| Answer» D. Discouraging unfair trade practices such as anti-dumping and export subsidies | |
| 68. |
Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short term securities as a reserve all the time. In Banking World this is known as |
| A. | PLR |
| B. | Fixed Asset |
| C. | SLR |
| D. | CRR |
| Answer» E. | |
| 69. |
Of the following land uses, which is restricted to Special Economic Zones? |
| A. | Information Technology Companies |
| B. | Free Trade Centres |
| C. | Educational Institutions |
| D. | Marketing Centres |
| Answer» C. Educational Institutions | |
| 70. |
Functional Finance is associated with |
| A. | Abba P Lerner |
| B. | Adolph Wogner |
| C. | Adam Smith |
| D. | Adams |
| Answer» B. Adolph Wogner | |
| 71. |
Diamonds are priced higher than water because |
| A. | consumers do not buy them at lower prices. |
| B. | they are sold by selected firms with monopolistic powers. |
| C. | their total utility to buyers is higher than that of water. |
| D. | their marginal utility to buyers is higher than that of water |
| Answer» C. their total utility to buyers is higher than that of water. | |
| 72. |
Externality theory is the basic theory of the following branch of Economics |
| A. | International Economics |
| B. | Environomics |
| C. | Fiscal Economics |
| D. | Macro Economics |
| Answer» C. Fiscal Economics | |
| 73. |
The purchase of shares and bonds of Indian companies by Foreign Institutional Investors is called? |
| A. | FDI |
| B. | Portfolio Investment |
| C. | NRI Investment |
| D. | Foreign Indirect Investment |
| Answer» E. | |
| 74. |
Real national income denotes. |
| A. | Per capital income |
| B. | National income at constant prices |
| C. | National income at current prices |
| D. | Net factor income |
| Answer» C. National income at current prices | |
| 75. |
PSW stands for |
| A. | Process status word |
| B. | Processor status word |
| C. | Program status word |
| D. | Primitive status word |
| Answer» D. Primitive status word | |
| 76. |
When was the first National Population Policy implemented in India? |
| A. | 1952 |
| B. | 1976 |
| C. | 1987 |
| D. | 1950 |
| Answer» C. 1987 | |
| 77. |
What percentage of the total central employees are employed in Indian Railways? |
| A. | 50 % |
| B. | 40 % |
| C. | 45 % |
| D. | 35 % |
| Answer» C. 45 % | |
| 78. |
When was the Bombay Stock Exchange established? |
| A. | 1890 A.D. |
| B. | 1865 A.D. |
| C. | 1875 A.D. |
| D. | 1881 A.D. |
| Answer» D. 1881 A.D. | |
| 79. |
Who is called the forerunner of liberalization of Indian economy? |
| A. | P. Chidambaram |
| B. | Amartya Sen |
| C. | Dr. Manmohan Singh |
| D. | None of these |
| Answer» D. None of these | |
| 80. |
Which of the following monetary policy instruments is used by the RBI to control inflation? |
| A. | Fiscal traction |
| B. | Austerity measures |
| C. | Repo rate |
| D. | Fiscal boost |
| Answer» D. Fiscal boost | |
| 81. |
Where is the headquarters of Bank of Baroda located? |
| A. | Pune |
| B. | Kolkata |
| C. | Vadodara |
| D. | Mumbai |
| Answer» D. Mumbai | |
| 82. |
What is the tagline of UCO Bank? |
| A. | Where every individual is committed |
| B. | Faithful and Friendly |
| C. | Honors Your Trust |
| D. | Good people to bank with |
| Answer» D. Good people to bank with | |
| 83. |
Excise duty on a commodity is payable with reference to its |
| A. | production , transportation and sale |
| B. | production |
| C. | production and sale |
| D. | production and transportation |
| Answer» C. production and sale | |
| 84. |
Knowledge, technical skill, education etc. in economics, are regarded as |
| A. | tangible physical capital |
| B. | working capital |
| C. | social-overhead capital |
| D. | human capital |
| Answer» E. | |
| 85. |
Which is the most essential function of an entrepreneur? |
| A. | Marketing |
| B. | Risk bearing |
| C. | Supervision |
| D. | Management |
| Answer» C. Supervision | |
| 86. |
Purchasing Power Parity theory is related with |
| A. | Wage rate |
| B. | Exchange rate |
| C. | Interest rate |
| D. | Bank rate |
| Answer» C. Interest rate | |
| 87. |
As per estimates of the Planning Commission of India the target growth rate of 12th Five-Year Plan is set to |
| A. | 7 to 8% |
| B. | 8.0% to 8.5% |
| C. | 9% to 9.5% |
| D. | 10 to 10.5% |
| Answer» D. 10 to 10.5% | |
| 88. |
Demand for labour is |
| A. | Composite demand |
| B. | Competitive demand |
| C. | Derived demand |
| D. | Joint demand |
| Answer» D. Joint demand | |
| 89. |
In which account will the expenditure on the installation of new machinery be disbursed? |
| A. | Cash account |
| B. | Machinery Account |
| C. | Profit or loss |
| D. | Installation expense account |
| Answer» C. Profit or loss | |
| 90. |
A discount given for the purpose of increasing sales is called- |
| A. | Commercial leave |
| B. | Cash discount |
| C. | Discount received |
| D. | None of these |
| Answer» B. Cash discount | |
| 91. |
What is the name of the amount from which the business is started? |
| A. | Cash |
| B. | Capital |
| C. | Property |
| D. | None of these |
| Answer» C. Property | |
| 92. |
Which factor is mainly responsible for increase in demand of natural resources? |
| A. | Scientific advancement |
| B. | Use of biodegradable chemicals |
| C. | Increasing human population |
| D. | Environmental pollution |
| Answer» D. Environmental pollution | |
| 93. |
Fiscal policy refers to |
| A. | Government borrowings from abroad |
| B. | Sharing of its revenue by Central Government with States |
| C. | Sale and purchase of securities by RBI |
| D. | Government taxes, expenditure and borrowings |
| Answer» E. | |
| 94. |
UNDP prepares |
| A. | Human Development Index |
| B. | Standard of Living Index |
| C. | Index Number of Price Level |
| D. | Physical Quality Index |
| Answer» B. Standard of Living Index | |
| 95. |
Which one of the following taxes is not a direct tax? |
| A. | Sales tax |
| B. | Estate duty |
| C. | Gift tax |
| D. | Wealth tax |
| Answer» B. Estate duty | |
| 96. |
The basic characteristic of a capitalistic economy is |
| A. | absence of monopoly |
| B. | large-scale production in primary industries |
| C. | full employment |
| D. | the private ownership of the means of production |
| Answer» E. | |
| 97. |
Who decides the Repo rate in India? |
| A. | Government of India |
| B. | Ministry of Finance |
| C. | Reserve bank of India |
| D. | None of these |
| Answer» D. None of these | |
| 98. |
Which of the following issued initial Public Offer no rins for Life Insurance? |
| A. | CRISIL |
| B. | SEBI |
| C. | RBI |
| D. | IRDA |
| Answer» D. IRDA | |
| 99. |
What is the percentage of the female population according to the 2011 census? |
| A. | 42.53 % |
| B. | 40.53 % |
| C. | 48.53 % |
| D. | 45.53 % |
| Answer» D. 45.53 % | |
| 100. |
Which is the first state in India to enact the Food Security Act? |
| A. | Chhattisgarh |
| B. | Gujarat |
| C. | Bihar |
| D. | Tamil Nadu |
| Answer» B. Gujarat | |