MCQOPTIONS
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MCQOPTIONS
This section includes 426 Mcqs, each offering curated multiple-choice questions to sharpen your General Knowledge knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
In economics the terms 'Utility' and 'Usefulness' have |
| A. | Same meaning |
| B. | different meaning |
| C. | Opposite meaning |
| D. | none of these |
| Answer» C. Opposite meaning | |
| 52. |
Who was the author of the book 'India's Economic Policy: The Gandhian Blue Print' |
| A. | Chaudhary Charan Singh |
| B. | Jai Prakash Narayan |
| C. | Mon Mohan Singh |
| D. | Acharya Vinoba Bhave |
| Answer» B. Jai Prakash Narayan | |
| 53. |
Who among the following released 'Citizens guide to fight corruption'? |
| A. | Ministry of Family Welfare |
| B. | Consumer Co-operative Societies |
| C. | Central Vigilence Commission |
| D. | Transparency International |
| Answer» E. | |
| 54. |
Who said 'Economics is the Science of Wealth'? |
| A. | Adam Smith |
| B. | Robbin |
| C. | J.S. Mill |
| D. | Keynes |
| Answer» B. Robbin | |
| 55. |
'Golden Hand Shake Scheme' in India is related with |
| A. | Voluntary Retirement |
| B. | Indian Gold Dealers |
| C. | Foreign Gold Dealers in India |
| D. | Promoting Trade in Gold |
| Answer» B. Indian Gold Dealers | |
| 56. |
The book 'The Argumentative Indian' is written by |
| A. | Mulk Raj Anand |
| B. | Dan Brown |
| C. | Bimal Jalan |
| D. | Amartya Sen |
| Answer» E. | |
| 57. |
Which of the following in NOT a part of the 'Second-generation of Economic Reforms' identified by the Government? |
| A. | Oil-sector Reforms |
| B. | Public-sector Reforms |
| C. | Reform of Government and Public Institutions |
| D. | Legal System Reforms |
| Answer» E. | |
| 58. |
Match List-I withList-II and select the correct answer using the code given below the listsList-IList-IIF Boom1.Business activity at high level with increasing income, output and employmentatmacro level.G Recession2.Gradual fall of income, output and employment with business activity in a low gear.H Depression3.Unprecedentated level of under employment and unemployment, drastic fall in income, output and employment.J Recovery4.steady rise the general level of prices, income output and employment.CodeF G H J A. 1234B. 1243C. 2143D. 2134Directins (89-90) The follwing items consist of two statements : One labelled as 'Assertion' (A) and the other 'Reason' (R) You are to examine there two statements carefully and select the answers to there items using the code given below:Codes |
| A. | Both A and R are individually true and R is the correct explanation of A |
| B. | Both A and R are individually true and R is the correct explanation of A |
| C. | A is true R is false |
| D. | A is false but R is true |
| Answer» B. Both A and R are individually true and R is the correct explanation of A | |
| 59. |
The relationship between the value of money and the price level in an economy is |
| A. | Direct |
| B. | Inverse |
| C. | Proportional |
| D. | Stable |
| Answer» C. Proportional | |
| 60. |
Very often we read about the Doha Ministerial Conference 2001 in reference to WTO negotiations. What were the major issues over which nations were of different opinions ?1. Providing subsidy to agriculture.2. Export of patented drugs / medicines by developed nations.3. Restriction on natural movement of people from one nation to ther : |
| A. | only 1 |
| B. | only 2 |
| C. | only 3 |
| D. | Both 1 and 3 |
| Answer» B. only 2 | |
| 61. |
With reference to United Nations, consider the following statements1. The Economic and Social council (ECOSOC) of UN consists of 24 member States.2. It is elected by a 2/3 majority of the General Assembly for a 3 years term.Which of the statements given above is / are correct ? |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» C. Both 1 and 2 | |
| 62. |
Consider the following statements :1. The Comnmonwealth has no charter, treaty or constitution.2. All the territories / countries once under the British empire (jurisdiction / rule / mandate ) automatically joined the commonwealth as its members.Which of the statement given above is/are correct ? |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» E. | |
| 63. |
Consider the following pairs :Organisation Location of Headquarters 1. Asian Development Bank : Tokyo2. Asia-Pacific Economic Cooperation : Singapore3. Association of South East Asian Nations : Bangkok Which of the above pairs is / are correct match ? |
| A. | 1 and 2 only |
| B. | 2 only |
| C. | 2 and 3 only |
| D. | 3 only |
| Answer» C. 2 and 3 only | |
| 64. |
Consider the following statements about IAEA1. It was set up as the world's atoms for peace organization in 1957.2. The IAEA Secretariat is headquartered at the Vienna International Centre in Vienna, Austria.3. In terms of its Statute, the IAEA reports annually to the UN General Assembly.Which of the statements given above is / are correct ? |
| A. | 1, 2 and 3 |
| B. | 1 |
| C. | 2 and 3 only |
| D. | 3 only |
| Answer» B. 1 | |
| 65. |
Match the following: List-I (Organisations) List-II (Headquarters) A.United Nations Industrial Organisation 1.Geneva B.Food and Agricultural Organisation2. Paris C.World Health Organisation 3. Berne D. United Nations Educational, Scientific and Cultural Organisation 4.Rome 5.Vienna |
| A. | a-3, b-4, c-2, d-1 |
| B. | a-5, b-2, c-4, d-3 |
| C. | a-4, b-3, c-2, d-5 |
| D. | a-5, b-4, c-1, d-2 |
| Answer» E. | |
| 66. |
Where was the first conference of SAARC (South Asian Association for Regional Cooperation) held? |
| A. | Kathmandu |
| B. | Dhaka |
| C. | New Delhi |
| D. | Colombo |
| Answer» C. New Delhi | |
| 67. |
Consider the following statements :1. Brazil.2. Mexico.3. South Africa.According to UNCTAD, which of the above is / are categorized as "Emerging Economies" ? |
| A. | 1 only |
| B. | 1 and 3 only |
| C. | 2 and 3 only |
| D. | 1, 2 and 3 all |
| Answer» E. | |
| 68. |
IMF was established to meet which of the following objectives? (A) Promoting International Monetary Cooperation (B) Expanding International trade (C) Lessening the disequilibrium in balance of trade (D) Avoiding competitive exchange depreciation |
| A. | (A), (B) and (C) |
| B. | (A), (C) and (D) |
| C. | (B) and (D) |
| D. | (A), (B), (C) and (D) |
| Answer» B. (A), (C) and (D) | |
| 69. |
Consider the following countries1. Brunei Darussalam 2. East Timor3. LaosWhich of the above is / are member / members of ASEAN ? |
| A. | 1 only |
| B. | 2 and 3 only |
| C. | 1 and 3 only |
| D. | 1, 2 and 3 |
| Answer» D. 1, 2 and 3 | |
| 70. |
How many permanent members are there in the Security Council? |
| A. | Three |
| B. | Five |
| C. | Six |
| D. | Four |
| Answer» C. Six | |
| 71. |
Under the rules of the IMF, each member is required to declare the par value of its legal tender money in terms of U.S. dollars and |
| A. | Silver |
| B. | Gold |
| C. | Pound sterling |
| D. | Diamond |
| Answer» C. Pound sterling | |
| 72. |
Which Indian got Nobel Prize for Economics? |
| A. | Khorana |
| B. | C.V.Raman |
| C. | Teressa |
| D. | Amartya Sen |
| Answer» E. | |
| 73. |
'The Doing business Report', an international publication is published every year by which of the following organisation (s)?1. World Bank2. WTO3. RBICodes |
| A. | Only 1 |
| B. | Only 2 |
| C. | Only 3 |
| D. | Both 1 and 2 |
| Answer» B. Only 2 | |
| 74. |
Which Indian got |
| A. | Khorana |
| B. | C.V.Raman |
| C. | Teressa |
| D. | Amartya Sen |
| Answer» E. | |
| 75. |
Karl Marx |
| A. | Empirical liberalism |
| B. | Extentialism |
| C. | Darwin's theory of evolution |
| D. | Dialectical materialism |
| Answer» E. | |
| 76. |
'World Development Report' |
| A. | International Bank of reconstruction and Development (IBRD) / World bank |
| B. | United Nations Development Programme (UNDP) |
| C. | World Trade Organisation (WTO) |
| D. | International Monetary Fund (IMF) |
| Answer» B. United Nations Development Programme (UNDP) | |
| 77. |
Special Drawing Rights (SDR) |
| A. | International Monetary Fund (IMF) |
| B. | International Bank for Reconstruction and Development (IBRD)/ World Bank |
| C. | International Development Association (IDA) |
| D. | Organisation of Economic Co-operation and Development (OECD) |
| Answer» B. International Bank for Reconstruction and Development (IBRD)/ World Bank | |
| 78. |
S.D.R |
| A. | Special Drawing Rights |
| B. | State Drawing Rights |
| C. | Special Dollar Rights |
| D. | Specific Dollar Rights |
| Answer» B. State Drawing Rights | |
| 79. |
Consider the following organisations |
| A. | 1 and 2 |
| B. | 2 and 3 |
| C. | 3 and 4 |
| D. | 1, 2 3 and 4 |
| Answer» E. | |
| 80. |
Regarding the |
| A. | It can grant loans to any country |
| B. | It can grant loans to only development countries |
| C. | It grants loans to only member countries |
| D. | It can grant loans to the Central Bank of a country |
| Answer» D. It can grant loans to the Central Bank of a country | |
| 81. |
IMF |
| A. | 1, 2 and 3 |
| B. | 1, 3 and 4 |
| C. | 2 and 4 |
| D. | 1, 2, 3, and 4 |
| Answer» B. 1, 3 and 4 | |
| 82. |
How is the |
| A. | Bandug Conference |
| B. | Bretton Woods Conference |
| C. | Versailles Conference |
| D. | Yalta Conference |
| Answer» D. Yalta Conference | |
| 83. |
Which of the following organisation is to organise |
| A. | CENTO |
| B. | WCC |
| C. | ICRC |
| D. | ASAC |
| Answer» D. ASAC | |
| 84. |
In which years was the |
| A. | 1945 |
| B. | 1956 |
| C. | 1960 |
| D. | 1988 |
| Answer» B. 1956 | |
| 85. |
Who provide for collective defence and economic cooperation in |
| A. | SEATO |
| B. | NATO |
| C. | EFTA |
| D. | IATA |
| Answer» B. NATO | |
| 86. |
'World Bank' |
| A. | International Bank for Reconstruction and Development |
| B. | International Bank for Rehabiliation and Development |
| C. | International Bank for Refinance and Development |
| D. | International Bank for Research and Development |
| Answer» B. International Bank for Rehabiliation and Development | |
| 87. |
World Bank |
| A. | Reconstruction and development |
| B. | stimulating private investment |
| C. | tackling foreign exchange crises |
| D. | meeting deficits in government budget |
| Answer» B. stimulating private investment | |
| 88. |
The view that |
| A. | Amartya Sen |
| B. | Yashwat Sinha |
| C. | Atal Behari Vajpayee |
| D. | Man Mohan Singh |
| Answer» B. Yashwat Sinha | |
| 89. |
'The Doing business Report', |
| A. | Only 1 |
| B. | Only 2 |
| C. | Only 3 |
| D. | Both 1 and 2 |
| Answer» B. Only 2 | |
| 90. |
'The Doing Business Report' |
| A. | World Bank |
| B. | Asian Development Bank (ADB) |
| C. | International Monetary Fund (IMF) |
| D. | World Trade Organisation (WTO) |
| Answer» B. Asian Development Bank (ADB) | |
| 91. |
Where is the headquarter of |
| A. | Geneva |
| B. | Washington D.C. |
| C. | London |
| D. | Paris |
| Answer» C. London | |
| 92. |
Who got the 1998 Nobel Prize in Economics? |
| A. | Solow |
| B. | Marshall |
| C. | Amartya Sen |
| D. | Paul Samuelson |
| Answer» D. Paul Samuelson | |
| 93. |
Nobel Prize in which field is NOT paid out of the endowment set up by Dr. Alfred Nobel? |
| A. | Peace |
| B. | Medicine |
| C. | Chemistry |
| D. | Economics |
| Answer» E. | |
| 94. |
C. Rangachari Committee is associated with which one of the following? |
| A. | Pricing and taxation of Petroleum Products |
| B. | Estimation of National Income |
| C. | Tax Structure |
| D. | Estimation of Money Supply |
| Answer» B. Estimation of National Income | |
| 95. |
Consider the following countries |
| A. | 1 only |
| B. | 2 and 3 only |
| C. | 2 and 3 only |
| D. | 1, 2 and 3 |
| Answer» E. | |
| 96. |
The supply of a commodity deos NOT depend directly upon |
| A. | Cost of production |
| B. | Price of the commodity |
| C. | Technology of production |
| D. | Demand for the commodity |
| Answer» E. | |
| 97. |
When average cost of production falls, marginal cost of production must be |
| A. | rising |
| B. | falling |
| C. | greater than the average cost |
| D. | less than the average cost |
| Answer» E. | |
| 98. |
Homogeneous product is a feature of |
| A. | Imperfect market |
| B. | Monopoly |
| C. | Oligopoly |
| D. | Perfect competition |
| Answer» E. | |
| 99. |
J.J Irani Committee has been set up tyo suggest changes in |
| A. | Indian Telegraph Act |
| B. | Cable Act |
| C. | Companies Act |
| D. | Patent Act |
| Answer» D. Patent Act | |
| 100. |
Who got 2011 Nobel Prize in the feild of Economics |
| A. | Thomas J. Sargent and Christopher |
| B. | Edmund S. Phelps |
| C. | Paul Krugman |
| D. | Flinor Ostrom and Oliver Williamson |
| Answer» B. Edmund S. Phelps | |