Explore topic-wise MCQs in GK.

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
Discussion
52.

In which year fourteen major banks were nationalized in India?
A. 1967
B. 1968
C. 1969
D. 1971
Answer» D. 1971
Discussion
53.

'Mumbai High' is related to?
A. Steel
B. Petroleum
C. Tomb
D. Jute
Answer» C. Tomb
Discussion
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
Discussion
55.

Who gave priority to the Second Five Year Plan?
A. Agriculture
B. Services
C. Heavy Industries
D. Foreign Trade
Answer» D. Foreign Trade
Discussion
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
Discussion
57.

What kind of economy is there in India?
A. socialist
B. Mixed
C. Free
D. Gandhian
Answer» C. Free
Discussion
58.

How many member is in the GST Council of India?
A. 33
B. 34
C. 36
D. 27
Answer» B. 34
Discussion
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
Discussion
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
Discussion
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
Discussion
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
Discussion
63.

By whom is the truck named Ashok Leyland produced?
A. Tata
B. Hinduja
C. Birla
D. Godrej
Answer» C. Birla
Discussion
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
Discussion
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
Discussion
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.
Discussion
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
Discussion
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.
Discussion
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
Discussion
70.

Functional Finance is associated with

A. Abba P Lerner
B. Adolph Wogner
C. Adam Smith
D. Adams
Answer» B. Adolph Wogner
Discussion
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.
Discussion
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
Discussion
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.
Discussion
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
Discussion
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
Discussion
76.

When was the first National Population Policy implemented in India?
A. 1952
B. 1976
C. 1987
D. 1950
Answer» C. 1987
Discussion
77.

What percentage of the total central employees are employed in Indian Railways?
A. 50 %
B. 40 %
C. 45 %
D. 35 %
Answer» C. 45 %
Discussion
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.
Discussion
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
Discussion
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
Discussion
81.

Where is the headquarters of Bank of Baroda located?
A. Pune
B. Kolkata
C. Vadodara
D. Mumbai
Answer» D. Mumbai
Discussion
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
Discussion
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
Discussion
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.
Discussion
85.

Which is the most essential function of an entrepreneur?

A. Marketing
B. Risk bearing
C. Supervision
D. Management
Answer» C. Supervision
Discussion
86.

Purchasing Power Parity theory is related with

A. Wage rate
B. Exchange rate
C. Interest rate
D. Bank rate
Answer» C. Interest rate
Discussion
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%
Discussion
88.

Demand for labour is

A. Composite demand
B. Competitive demand
C. Derived demand
D. Joint demand
Answer» D. Joint demand
Discussion
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
Discussion
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
Discussion
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
Discussion
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
Discussion
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.
Discussion
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
Discussion
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
Discussion
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.
Discussion
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
Discussion
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
Discussion
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 %
Discussion
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
Discussion