MCQOPTIONS
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MCQOPTIONS
This section includes 2369 Mcqs, each offering curated multiple-choice questions to sharpen your Economics knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
The recommendations of the Kelkar Task Force are related to |
| A. | from banking |
| B. | from taxes |
| C. | from foreign investment |
| D. | by business |
| Answer» C. from foreign investment | |
| 52. |
Narasimham Committee is related to – |
| A. | in the improvement of the field of the bank |
| B. | in the development of heavy industry |
| C. | in the reform of the insurance sector |
| D. | 1 and 3 are correct |
| Answer» B. in the development of heavy industry | |
| 53. |
The first government committee constituted in India was |
| A. | credit committees |
| B. | marketing committees |
| C. | agricultural societies |
| D. | home committees |
| Answer» B. marketing committees | |
| 54. |
The committee related to Public Distribution System is- |
| A. | Sodhani Committee |
| B. | goiporia committee |
| C. | Venugopal Committee |
| D. | Malegaon Committee |
| Answer» D. Malegaon Committee | |
| 55. |
Chaleya Committee is related to – |
| A. | Reforms in the direct and indirect tax system |
| B. | banking system reforms |
| C. | Import - Export Policy |
| D. | none of these |
| Answer» B. banking system reforms | |
| 56. |
Which committee is not related to the activities of the industrial sector? |
| A. | Hazari Committee |
| B. | Goswami Committee |
| C. | Vaidyanathan Committee |
| D. | Dutta Committee |
| Answer» D. Dutta Committee | |
| 57. |
The committee related to indirect tax is- |
| A. | wanchu committee |
| B. | Chellaiya Committee |
| C. | line committee |
| D. | Sarkaria Committee |
| Answer» D. Sarkaria Committee | |
| 58. |
There is no committee related to indirect tax- |
| A. | L. K. Jha Committee |
| B. | wanchu committee |
| C. | line committee |
| D. | all of which |
| Answer» C. line committee | |
| 59. |
The committee related to industrial sickness is - |
| A. | Tiwari Committee |
| B. | Goswami Committee |
| C. | both suitable |
| D. | none of these |
| Answer» D. none of these | |
| 60. |
Narasimham Report is related to the reorganization of- |
| A. | Income tax |
| B. | sales tax |
| C. | Agricultural Institute |
| D. | insurance industry |
| Answer» D. insurance industry | |
| 61. |
Which of the following is a mismatch - |
| A. | Rekhi Committee - Import-Export Process Simplification |
| B. | Nanjundappa Committee - Rail Fare Fare |
| C. | Rangarajan Committee - Payment Imbalance |
| D. | Goiporia Committee - Banking Service Reforms |
| Answer» B. Nanjundappa Committee - Rail Fare Fare | |
| 62. |
The committee constituted for tax structure reforms was- |
| A. | Narasimham Committee |
| B. | Chellaiya Committee |
| C. | Gadgil Committee |
| D. | Kelkar Committee |
| Answer» C. Gadgil Committee | |
| 63. |
The Government of India had constituted a committee to set new standards for estimating the population living below the poverty line, who among the following was the chairman of this committee - |
| A. | Suresh Tendulkar |
| B. | V. Siddhartha |
| C. | Nirmala Deshpande |
| D. | Pro . Janaki Raman |
| Answer» B. V. Siddhartha | |
| 64. |
Which of the following committees has been concerned with the estimates of poverty in India? |
| A. | Vijay Kelkar Committee |
| B. | Suresh Tendulkar Committee |
| C. | s . P . Gupta Committee |
| D. | timber committee |
| Answer» B. Suresh Tendulkar Committee | |
| 65. |
Which committee was constituted for population policy in 1994? |
| A. | Swaminathan Committee |
| B. | Dantewala Committee |
| C. | goiporia committee |
| D. | Nadkarni Committee |
| Answer» B. Dantewala Committee | |
| 66. |
Which committee recommended the imposition of tax on agricultural castes? |
| A. | Bhoothalingam Committee |
| B. | wanchu committee |
| C. | Raj Committee |
| D. | Chellaiya Committee |
| Answer» D. Chellaiya Committee | |
| 67. |
The subject matter of the Rangarajan Committee report was – |
| A. | modernization of the textile industry |
| B. | stock scam investigation |
| C. | investigating sugar scam |
| D. | To suggest measures to keep balance of payments deficits under control |
| Answer» E. | |
| 68. |
Chandrasekaran committee is related to- |
| A. | from space mission |
| B. | by shares |
| C. | from revenue |
| D. | by education |
| Answer» C. from revenue | |
| 69. |
Abid Hussain Committee was constituted by - |
| A. | for diversification of industries |
| B. | To solve the problems of small scale industry |
| C. | To solve the problems of handloom industries |
| D. | for export promotion |
| Answer» C. To solve the problems of handloom industries | |
| 70. |
In which area was the Chellaiya Committee constituted to investigate? |
| A. | direct tax |
| B. | indirect tax |
| C. | both suitable |
| D. | none of these |
| Answer» D. none of these | |
| 71. |
R. N. In which area did the Malhotra Committee submit its report for reforms? |
| A. | sick industry |
| B. | tax reform |
| C. | insurance sector |
| D. | banking sector |
| Answer» D. banking sector | |
| 72. |
Rekhi committee was constituted - |
| A. | for direct tax reform |
| B. | for indirect tax reform |
| C. | for center state relations |
| D. | for banking reform |
| Answer» C. for center state relations | |
| 73. |
The objective of setting up the Nayak Committee was – |
| A. | Examine the credit problem of small scale industries |
| B. | To examine aspects related to sickness of small scale industries |
| C. | both suitable |
| D. | none of these |
| Answer» D. none of these | |
| 74. |
Bhandari committee submitted its recommendations regarding- |
| A. | Entry of Private Units in Telecom Sector |
| B. | Reorganization of Railway Sectors |
| C. | Restructuring of Regional Rural Bank |
| D. | Reforms in the Petroleum Sector |
| Answer» D. Reforms in the Petroleum Sector | |
| 75. |
In which regard did the Narasimham Committee give its suggestions to the Central Government? |
| A. | Regarding higher education reform |
| B. | Regarding tax structure reform |
| C. | Regarding banking structure reform |
| D. | Regarding improvement in the implementation of five year plans |
| Answer» D. Regarding improvement in the implementation of five year plans | |
| 76. |
With whom was the Sundar Rajan Committee related? |
| A. | Petroleum |
| B. | Education |
| C. | small industry |
| D. | Electricity |
| Answer» B. Education | |
| 77. |
What was the subject matter of the Government Committee - |
| A. | indirect tax |
| B. | tax administrator |
| C. | Central State Relations |
| D. | railway fare fare |
| Answer» D. railway fare fare | |
| 78. |
Gyan Prakash Committee was related to – |
| A. | industrial sickness |
| B. | fodder scam |
| C. | sugar scam |
| D. | stock scam |
| Answer» D. stock scam | |
| 79. |
With whom is the Nayak Committee related? |
| A. | from cottage industry |
| B. | from small scale |
| C. | from heavy industry |
| D. | all of which |
| Answer» C. from heavy industry | |
| 80. |
For what purpose was the Janaki Raman Committee formed? |
| A. | To suggest ways to increase deposits in post offices |
| B. | To suggest improvements in the banking structure |
| C. | To investigate the irregularities of industrial finance |
| D. | To scrutinize the dealings of securities of banks |
| Answer» E. | |
| 81. |
With whom was the Meera Seth Committee related? |
| A. | development of handloom |
| B. | by gender discrimination |
| C. | ending child labor |
| D. | welfare of working women |
| Answer» B. by gender discrimination | |
| 82. |
With whom was the Rekha Committee related? |
| A. | By making uniform rules in respect of indirect taxes |
| B. | changes in the banking structure |
| C. | in securities scam |
| D. | none of these |
| Answer» C. in securities scam | |
| 83. |
With whom was the Shankarlal Guru Committee related? |
| A. | agricultural marketing |
| B. | agricultural production |
| C. | public distribution system |
| D. | agricultural exports |
| Answer» B. agricultural production | |
| 84. |
The formal method of doing business with a group of countries is called |
| A. | Trading block |
| B. | trade banners |
| C. | trade partners |
| D. | trade organization |
| Answer» C. trade partners | |
| 85. |
What is the barter exchange between two countries called? |
| A. | trade balance |
| B. | Bilateral trade |
| C. | business results |
| D. | Multilateral trade |
| Answer» C. business results | |
| 86. |
The term balance of payments is used with reference to which of the following - |
| A. | from the annual sales of a factory |
| B. | from tax collection |
| C. | by import-export |
| D. | none of the suitable |
| Answer» D. none of the suitable | |
| 87. |
The balance of payments lies in – |
| A. | visual business |
| B. | Invisible business |
| C. | loan |
| D. | All of the above |
| Answer» E. | |
| 88. |
India has a monopoly in the supply of which thing in the international market? |
| A. | Iron |
| B. | asbestos |
| C. | bauxite |
| D. | copper |
| Answer» C. bauxite | |
| 89. |
In the context of export of carpets,carpet markrefers to which fact? |
| A. | indicate that the objects are carpets |
| B. | It is a sign that the object is a specimen of handicraft |
| C. | It is an indication that child labor is not used in making things. |
| D. | This does not indicate any fact |
| Answer» D. This does not indicate any fact | |
| 90. |
Gilded aged market is related to- |
| A. | mutilated old currency notes |
| B. | gold silver / bullion |
| C. | from government securities |
| D. | from corporate debenture |
| Answer» D. from corporate debenture | |
| 91. |
The World Trade Organization is a part of which |
| A. | international monetary fund |
| B. | United Nations |
| C. | An American trade organization |
| D. | An international trade organization established by GATT members |
| Answer» E. | |
| 92. |
If articles made in Surat are sold in Mumbai or Delhi, it is - |
| A. | regional trade |
| B. | internal trade |
| C. | international trade |
| D. | free trade |
| Answer» B. internal trade | |
| 93. |
One of the main factors contributing to the rapid expansion of Indian exports is – |
| A. | imposition of import duty |
| B. | liberalization of economy |
| C. | recession in other countries |
| D. | Diversification of exports |
| Answer» E. | |
| 94. |
Under the new GATT agreement, there is a provision to completely abolish the multipurpose system related to textile trade in how many years? |
| A. | 5 , |
| B. | 10 , |
| C. | 15 , |
| D. | 20 , |
| Answer» C. 15 , | |
| 95. |
Where is the Indian Institute of Foreign Trade located? |
| A. | New Delhi |
| B. | Hyderabad |
| C. | Mumbai |
| D. | Ahmedabad |
| Answer» B. Hyderabad | |
| 96. |
Where was the country's first export processing sector established in the private sector? |
| A. | kandla |
| B. | Visakhapatnam |
| C. | Noida |
| D. | face |
| Answer» E. | |
| 97. |
Where is the export processing area in Uttar Pradesh? |
| A. | Moradabad |
| B. | Kanpur |
| C. | Noida |
| D. | Aligarh |
| Answer» D. Aligarh | |
| 98. |
On the lines of which country, special economic zones have been established in India to promote foreign trade? |
| A. | NS . NS . a . |
| B. | Russia |
| C. | China |
| D. | Israel |
| Answer» D. Israel | |
| 99. |
With whom is India's maximum foreign trade? |
| A. | Japan |
| B. | China |
| C. | United States |
| D. | UAE |
| Answer» C. United States | |
| 100. |
Since when has the quantitative control on imported goods been abolished under the country's import-export policy? |
| A. | August 15, 2000 |
| B. | April 1, 2001 |
| C. | July 1, 2001 |
| D. | August 1, 2001 |
| Answer» C. July 1, 2001 | |