MCQOPTIONS
Saved Bookmarks
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.
| 1151. |
Major part of foreign exchange is spent in India? |
| A. | on import of food grains |
| B. | based on technical knowledge |
| C. | on import of petroleum |
| D. | on iron and steel imports |
| Answer» D. on iron and steel imports | |
| 1152. |
Inflation can be checked by which of the following? |
| A. | direct savings budget |
| B. | cut government expenditure |
| C. | increase in taxation |
| D. | all these |
| Answer» E. | |
| 1153. |
What is the national income of India estimated? |
| A. | by finance ministry |
| B. | by Reserve Bank of India |
| C. | By the Central Statistical Organization |
| D. | by planning commission |
| Answer» D. by planning commission | |
| 1154. |
Market commodities with inflation? |
| A. | gets cheaper |
| B. | comes in abundance |
| C. | don't get it at all |
| D. | gets expensive |
| Answer» E. | |
| 1155. |
Which is the largest bank of India? |
| A. | Reserve Bank of India |
| B. | Bank of India |
| C. | State Bank of India |
| D. | Central Bank Of India |
| Answer» B. Bank of India | |
| 1156. |
The stage in which the value of money falls and the prices rise is called? |
| A. | inflation |
| B. | Recession |
| C. | currency deflation |
| D. | none of these |
| Answer» B. Recession | |
| 1157. |
The state of the economy in which there is a recession along with inflation is called? |
| A. | inflation |
| B. | reflection |
| C. | stagflation |
| D. | none of these |
| Answer» D. none of these | |
| 1158. |
How can inflation be controlled permanently? |
| A. | reduce prices |
| B. | increase export tax |
| C. | tax increase |
| D. | growth tax control of money supply |
| Answer» E. | |
| 1159. |
What is the current base year for estimating GDP at constant prices in India? |
| A. | 1999-2000 |
| B. | 2000-2001 |
| C. | 2002-2003 |
| D. | 2006-2007 |
| Answer» B. 2000-2001 | |
| 1160. |
Which state has the highest incidence of poverty? |
| A. | Bihar and Orissa |
| B. | Bihar and Jharkhand |
| C. | Bihar and M. Q. |
| D. | Bihar and Uttar Pradesh |
| Answer» B. Bihar and Jharkhand | |
| 1161. |
The currency in which the creditor cannot legally refuse to accept the payment is called |
| A. | hard currency |
| B. | legal currency |
| C. | easy money |
| D. | hot currency |
| Answer» C. easy money | |
| 1162. |
Which formula does the Planning Commission use to estimate poverty at the state and national levels? |
| A. | Dandekar and Rath |
| B. | D. T. Lakdawala |
| C. | NS. s. minhas |
| D. | none of these |
| Answer» C. NS. s. minhas | |
| 1163. |
In which category India has been placed in UNDP's Human Development Report? |
| A. | Medium Human Development Range |
| B. | High human development category |
| C. | Lower human development category |
| D. | Very low human development category |
| Answer» B. High human development category | |
| 1164. |
On the basis of whose surveys the Planning Commission assesses the people below the poverty line? |
| A. | National Sample Survey Organization |
| B. | Reserve Bank of India |
| C. | Central Statistical Organization |
| D. | none of these |
| Answer» B. Reserve Bank of India | |
| 1165. |
Which one of the following is not a way to reduce inequality? |
| A. | liberalization of economy |
| B. | land reform |
| C. | taxation |
| D. | Minimum Needs Program |
| Answer» B. land reform | |
| 1166. |
The contribution of which sector to the national income has decreased during the plan period? |
| A. | Agriculture |
| B. | manufacturing |
| C. | banking |
| D. | transportation |
| Answer» B. manufacturing | |
| 1167. |
Which type of unemployment problem remains a very serious problem in the country at present? |
| A. | urban unemployment |
| B. | rural unemployment |
| C. | educated unemployment |
| D. | open unemployment |
| Answer» D. open unemployment | |
| 1168. |
Which of the following is not included in the Human Development Index? |
| A. | Life expectancy |
| B. | adult literacy |
| C. | real per capita income |
| D. | social inequality |
| Answer» E. | |
| 1169. |
What is the nature of unemployment in India? |
| A. | educated unemployment |
| B. | open unemployment |
| C. | cyclical unemployment |
| D. | invisible unemployment |
| Answer» D. invisible unemployment | |
| 1170. |
What is the cause of structural unemployment? |
| A. | heavy industry practice |
| B. | state of deflation |
| C. | shortage of raw materials |
| D. | insufficient production capacity |
| Answer» E. | |
| 1171. |
Which committee recommended the imposition of tax on agricultural holdings? |
| A. | wanchu committee |
| B. | Bhoothalingam Committee |
| C. | Chellaiya Committee |
| D. | Raj Committee |
| Answer» E. | |
| 1172. |
What type of unemployment is found in India? |
| A. | cyclical unemployment |
| B. | rural underemployment |
| C. | structural unemployment |
| D. | all these |
| Answer» E. | |
| 1173. |
Which of the following types of electricity is produced the most in India? |
| A. | thermal power |
| B. | nuclear power |
| C. | solar power |
| D. | hydroelectricity |
| Answer» B. nuclear power | |
| 1174. |
Which is the main agency for settlement of financial disputes between Center and State? |
| A. | Supreme Court |
| B. | Finance Commission |
| C. | Minister of Justice |
| D. | Finance Minister |
| Answer» C. Minister of Justice | |
| 1175. |
Which unemployment is highest in rural areas in India? |
| A. | seasonal unemployment |
| B. | invisible unemployment |
| C. | both of the above |
| D. | none of these |
| Answer» D. none of these | |
| 1176. |
Which type of unemployment is mainly seen in agriculture? |
| A. | open unemployment |
| B. | invisible unemployment |
| C. | frictional unemployment |
| D. | structural unemployment |
| Answer» C. frictional unemployment | |
| 1177. |
What percentage of commercial energy is supplied by coal in India? |
| A. | 50 % |
| B. | 76 % |
| C. | 67 % |
| D. | 53 % |
| Answer» D. 53 % | |
| 1178. |
Which state has the largest number of sugar mills in the country? |
| A. | Tamil Nadu |
| B. | Rajasthan |
| C. | Maharashtra |
| D. | none of these |
| Answer» D. none of these | |
| 1179. |
Who is related to Krishna revolution? |
| A. | edible oil production |
| B. | from Krishna Pind |
| C. | from fertilizer production |
| D. | from mineral oil production |
| Answer» E. | |
| 1180. |
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 | |
| 1181. |
Chandrasekaran committee is related to? |
| A. | by shares |
| B. | by education |
| C. | from space mission |
| D. | from revenue |
| Answer» B. by education | |
| 1182. |
What are the recommendations of the Kelkar Test Force related to? |
| A. | from foreign investment |
| B. | by backing |
| C. | from taxes |
| D. | by business |
| Answer» D. by business | |
| 1183. |
With which of the following groups of countries India has the largest import trade? |
| A. | Eastern Europe |
| B. | developing countries |
| C. | O.P.E.C |
| D. | OECD |
| Answer» D. OECD | |
| 1184. |
Who was appointed as the chairman of the tax reform committee? |
| A. | Raja Chelaiya |
| B. | Pranab Mukherjee |
| C. | K. P. Narasimh |
| D. | none of these |
| Answer» B. Pranab Mukherjee | |
| 1185. |
Narasimham Report is related to the reorganization of |
| A. | Income tax |
| B. | banking institution |
| C. | sales tax |
| D. | insurance industry |
| Answer» C. sales tax | |
| 1186. |
Where has FERA replaced in India? |
| A. | FETA has |
| B. | FENA has |
| C. | FEMA has |
| D. | FELA has |
| Answer» D. FELA has | |
| 1187. |
balance of payments lies in? |
| A. | Invisible business |
| B. | visual trade |
| C. | loan |
| D. | All of the above |
| Answer» E. | |
| 1188. |
In which year the Foreign Exchange Management Act came into force? |
| A. | 2003 |
| B. | 2002 |
| C. | 2000 |
| D. | 1999 |
| Answer» B. 2002 | |
| 1189. |
On which item imports the maximum foreign exchange is spent by India? |
| A. | Power house machinery |
| B. | petroleum products |
| C. | Fertilizer |
| D. | defense equipment |
| Answer» C. Fertilizer | |
| 1190. |
Which one of the following places is not a free trade zone? |
| A. | Mumbai |
| B. | Visakhapatnam |
| C. | Thiruvananthapuram |
| D. | none of these |
| Answer» D. none of these | |
| 1191. |
What is Nayak Committee related to? |
| A. | from cottage industries |
| B. | from small scale industries |
| C. | from heavy industries |
| D. | all these |
| Answer» C. from heavy industries | |
| 1192. |
Where is Indian Institute of Foreign Trade located? |
| A. | Hyderabad |
| B. | Mumbai |
| C. | New Delhi |
| D. | Ahmedabad |
| Answer» D. Ahmedabad | |
| 1193. |
Who is the ex-officio secretary of the National Development Council? |
| A. | Secretary General of Lok Sabha |
| B. | planning commission secretary |
| C. | Secretary of the Ministry of Finance |
| D. | none of these |
| Answer» C. Secretary of the Ministry of Finance | |
| 1194. |
From which year was the wealth tax implemented for the first time in India? |
| A. | in 1997 |
| B. | in 1957 |
| C. | in 1982 |
| D. | none of these |
| Answer» C. in 1982 | |
| 1195. |
In which year the Planning Commission was constituted in India? |
| A. | 1988 |
| B. | 1950 |
| C. | 1948 |
| D. | 1956 |
| Answer» C. 1948 | |
| 1196. |
Writ is issued to enforce Fundamental Rights? |
| A. | by the Supreme Court |
| B. | By the President |
| C. | by parliament |
| D. | all these |
| Answer» B. By the President | |
| 1197. |
Under which five year plan was the slogan of Garibi Hatao in India given? |
| A. | second |
| B. | third |
| C. | fifth |
| D. | tenth |
| Answer» D. tenth | |
| 1198. |
To whom is the maximum export of Indian leather? |
| A. | Russia |
| B. | France |
| C. | England |
| D. | China |
| Answer» D. China | |
| 1199. |
In which Article of the Constitution the provision for the constitution of Finance Commission in India is mentioned? |
| A. | Anu. 293 |
| B. | Anu. 280 |
| C. | Anu. 264 |
| D. | none of these |
| Answer» C. Anu. 264 | |
| 1200. |
With whom does India have maximum foreign trade? |
| A. | United States |
| B. | Thailand |
| C. | Bangladesh |
| D. | Japan |
| Answer» B. Thailand | |