MCQOPTIONS
Saved Bookmarks
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.
| 101. |
Which of the following is NOT a measure of reducing inequalities ? |
| A. | Minimum Needs Programme |
| B. | Liberalisation of economy |
| C. | Taxation |
| D. | Land reforms |
| Answer» C. Taxation | |
| 102. |
In economics the terms |
| A. | Same meaning |
| B. | different meaning |
| C. | Opposite meaning |
| D. | none of these |
| Answer» C. Opposite meaning | |
| 103. |
Who among the following was the chairman of the high level commission on competition policy and law? |
| A. | Bimal Jalan |
| B. | C. Rangachari |
| C. | Y.V. Reddy |
| D. | S.V.S. Raghavan |
| Answer» E. | |
| 104. |
Laissez-faire |
| A. | Socialism |
| B. | Communism |
| C. | Capitalism |
| D. | Mixed economy |
| Answer» D. Mixed economy | |
| 105. |
Which one of the following is a residual earning? |
| A. | Rent |
| B. | Profit |
| C. | Wage |
| D. | Interest |
| Answer» C. Wage | |
| 106. |
Production is at socially ideal level under |
| A. | Monopolistic Competition |
| B. | Monopoly |
| C. | Oligopolistic Competition |
| D. | Perfect Competition |
| Answer» E. | |
| 107. |
The excess of price-a person is to pay rather than forego the consumption of the commodity is called |
| A. | Price |
| B. | Profit |
| C. | Producer's surplus |
| D. | Consumer's surplus |
| Answer» D. Consumer's surplus | |
| 108. |
Labour Intensive Technique would get choosen in a |
| A. | Labour Surplus Economy |
| B. | Capital Surplus Economy |
| C. | Developed Economy |
| D. | Developing Economy |
| Answer» B. Capital Surplus Economy | |
| 109. |
In which type of competition does Marginal Revenue Curve coincide with Average Revenue Curve? |
| A. | Monopoly |
| B. | Imperfect Competition |
| C. | Perfect Competition |
| D. | Monopolistic Competition |
| Answer» D. Monopolistic Competition | |
| 110. |
According to J.A. Schumpeter, entrerpreneurs are entitled to enjoy the profit for their.....activities. |
| A. | Innovative |
| B. | risk taking |
| C. | risk averting |
| D. | hard work |
| Answer» B. risk taking | |
| 111. |
In the present context of socio-economic development the concept of |
| A. | Sustainable Development |
| B. | uniform Growth |
| C. | Target-driven Growth |
| D. | No risk-No gain |
| Answer» B. uniform Growth | |
| 112. |
Who amongst the following economists gave the concept of |
| A. | Edward C. Prescott |
| B. | Amartya Sen |
| C. | Gary S. Bekher |
| D. | Paul Krugman |
| Answer» E. | |
| 113. |
Motivations given to |
| A. | Privatization Policy |
| B. | Globalization Policy |
| C. | Liberalization Policy |
| D. | All of these |
| Answer» E. | |
| 114. |
Under Gadgil-Mukerjee formula the higher weithage is given to |
| A. | Performance |
| B. | Per Capita Income |
| C. | Population |
| D. | Special Problems |
| Answer» D. Special Problems | |
| 115. |
When the growth of GDP in a country slows down suddenly, people start losing their jobs and the situation continues for several weeks, what name is given to this state of economy? |
| A. | Inflation |
| B. | Recession |
| C. | Deflation |
| D. | Economic Boom |
| Answer» C. Deflation | |
| 116. |
Surplus earned by a factor other than land in the short period is referred to as |
| A. | Economic rent |
| B. | Net rent |
| C. | Quasi-rent |
| D. | Super-normal rent |
| Answer» D. Super-normal rent | |
| 117. |
Nobel Prize winning India |
| A. | Physics |
| B. | Environmental Protection |
| C. | Chemistry |
| D. | Economics |
| Answer» E. | |
| 118. |
Pro. Amartya Sen |
| A. | Food and famines |
| B. | Welfare economics |
| C. | Indian economy |
| D. | Poverty |
| Answer» C. Indian economy | |
| 119. |
A community's stock of wealth is accounted for by |
| A. | Aggregate of capital and consumer goods |
| B. | Gross investment minus depreciation |
| C. | Standard of living of the people |
| D. | Net increase in invisible and intangible goods |
| Answer» B. Gross investment minus depreciation | |
| 120. |
Who among the following released |
| A. | Ministry of Family Welfare |
| B. | Consumer Co-operative Societies |
| C. | Central Vigilence Commission |
| D. | Transparency International |
| Answer» E. | |
| 121. |
In India, which of following is regulated by the Forward Markets Commission? |
| A. | Currency Futures Trading |
| B. | Commodities Futures Taading |
| C. | Equity Futures Trading |
| D. | Both Commodities Futures Trading and Financial Futures Trading |
| Answer» C. Equity Futures Trading | |
| 122. |
Muhammad Yunus |
| A. | Author |
| B. | Scientist |
| C. | Social Worker |
| D. | Economist |
| Answer» E. | |
| 123. |
What is needed for creating demand? |
| A. | Production |
| B. | Price |
| C. | Income |
| D. | Import |
| Answer» E. | |
| 124. |
In terms of economy, the visit by foreign nationals to witness the XIX Commonwealth Games in India amounted to |
| A. | Export |
| B. | Import |
| C. | Production |
| D. | Consumption |
| Answer» B. Import | |
| 125. |
Capital information in an economy depends on |
| A. | Total income |
| B. | Total demand |
| C. | Total savings |
| D. | Total production |
| Answer» D. Total production | |
| 126. |
Which of the following committees recommended the revival of Co-operative Credit Institution in States? |
| A. | Vaidyanathan Committee |
| B. | Rangrajan Committee |
| C. | Sachchar Committee |
| D. | Rakesh Mohan Committee |
| Answer» B. Rangrajan Committee | |
| 127. |
Price cost is equal to |
| A. | Variable cost plus administrative cost |
| B. | Variable cost plus fixed cost |
| C. | Variable cost only |
| D. | Fixed cost only |
| Answer» B. Variable cost plus fixed cost | |
| 128. |
'Interest is a reward for parting with liquidity for a specific period' |
| A. | Keynes |
| B. | Marshall |
| C. | Haberler |
| D. | Ohlin |
| Answer» B. Marshall | |
| 129. |
For price discrimination to be successful, the elasticity of demand for the product in the two markets should be |
| A. | same |
| B. | different |
| C. | constant |
| D. | zero |
| Answer» C. constant | |
| 130. |
Which of the following terms is |
| A. | Balance of Trade |
| B. | Break Even |
| C. | Fiscal Deficit |
| D. | Centrifugal Force |
| Answer» E. | |
| 131. |
'Golden Hand Shake Scheme' |
| A. | Voluntary Retirement |
| B. | Indian Gold Dealers |
| C. | Foreign Gold Dealers in India |
| D. | Promoting Trade in Gold |
| Answer» B. Indian Gold Dealers | |
| 132. |
What are the aims of the African Union |
| A. | Unity of the 53 African member states politically, socially and economically |
| B. | Modelled on European Union |
| C. | (a) and (b) |
| D. | None of the above |
| Answer» D. None of the above | |
| 133. |
Which of the following in NOT a part of the |
| A. | Oil-sector Reforms |
| B. | Public-sector Reforms |
| C. | Reform of Government and Public Institutions |
| D. | Legal System Reforms |
| Answer» E. | |
| 134. |
What is the language of the African Union |
| A. | African languages |
| B. | Arabics, Portuguses |
| C. | English, French |
| D. | All the above |
| Answer» E. | |
| 135. |
Which one of the following can one come across if one travels through the Strait of Malacca |
| A. | Ball |
| B. | Brunei |
| C. | Java |
| D. | Singapore |
| Answer» E. | |
| 136. |
Where is the headquarters of the African Union |
| A. | Addis Ababa (Ethiopial) |
| B. | Burundi |
| C. | Cameroon |
| D. | Congo |
| Answer» B. Burundi | |
| 137. |
Where is the headquarters of African Export and Import Bank |
| A. | Egypt |
| B. | Senegal |
| C. | Dauber |
| D. | None of the above |
| Answer» B. Senegal | |
| 138. |
What is the official language of African Development Bank : |
| A. | English |
| B. | French |
| C. | (a) and (b) |
| D. | None of these |
| Answer» D. None of these | |
| 139. |
Where is the Securities and Exchange Board of India located ? |
| A. | Muklasar |
| B. | Ludhiana |
| C. | Patiala |
| D. | Mumbai |
| Answer» E. | |
| 140. |
Who was the Chairman of the SAARC ? |
| A. | Mr. Zia ur Rehman |
| B. | Lt. Gen H.M. Ershad |
| C. | King Birndra |
| D. | Mrs. Indira Gandhi |
| Answer» C. King Birndra | |
| 141. |
Which is the official language of East African Development Bank |
| A. | German |
| B. | English |
| C. | French |
| D. | Portuguese |
| Answer» D. Portuguese | |
| 142. |
Which one country is not a permanent member of the Security Council of the United Nations ? |
| A. | France |
| B. | Germany |
| C. | Russia |
| D. | USA |
| Answer» C. Russia | |
| 143. |
How many permanent members are required to give their affirmative vote on important decisions taken by the Security Council |
| A. | 4 |
| B. | 5 |
| C. | 3 |
| D. | 2 |
| Answer» C. 3 | |
| 144. |
Pakistan which rejoined the Commonwealth, had pulled itself out it in the year : |
| A. | 1972 |
| B. | 1975 |
| C. | 1978 |
| D. | 1981 |
| Answer» B. 1975 | |
| 145. |
Where is the headquarters of World Health Organization |
| A. | Geneva, Switzerland |
| B. | London, UK |
| C. | New Delhi, India |
| D. | None of the above |
| Answer» B. London, UK | |
| 146. |
Which of the following is UN Programme and not special agency |
| A. | UNEP |
| B. | UNESCO |
| C. | WHO |
| D. | ILO |
| Answer» B. UNESCO | |
| 147. |
The main body of the United Nations organization is the |
| A. | Trusteeship Council |
| B. | General Assembly |
| C. | Security Council |
| D. | Secretariat |
| Answer» C. Security Council | |
| 148. |
Who can challenge the decision of the President of the Security Council |
| A. | Developed countries |
| B. | Developing countries |
| C. | Permanent members of Security Council |
| D. | None of the above |
| Answer» D. None of the above | |
| 149. |
When does World Health Day observed every year |
| A. | 8th April |
| B. | 10th April |
| C. | 7th April |
| D. | 9th April |
| Answer» D. 9th April | |
| 150. |
When does World Health Organization organise 'World Aids Day' |
| A. | 1st December |
| B. | 2nd December |
| C. | 10th December |
| D. | 15th December |
| Answer» B. 2nd December | |