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.
| 101. |
How many export processing sectors are there in the public sector in India? |
| A. | 5 , |
| B. | 6 , |
| C. | 7 , |
| D. | 8 , |
| Answer» D. 8 , | |
| 102. |
Which country has announced to stop importing textiles from India due to the use of azo based dyes in the dyeing of textiles? |
| A. | U. K. |
| B. | Germany |
| C. | Japan |
| D. | United States |
| Answer» C. Japan | |
| 103. |
L. N. G. First in India for the import of L. N. G. Where is the terminal installed? |
| A. | Vizag |
| B. | Kochi |
| C. | dowry |
| D. | Bhubaneswar |
| Answer» D. Bhubaneswar | |
| 104. |
Where does the maximum part of India's imports come from? |
| A. | A. America |
| B. | European Community |
| C. | OPEC |
| D. | African and Asian developing countries |
| Answer» D. African and Asian developing countries | |
| 105. |
With whom is India's foreign trade? |
| A. | Russia |
| B. | Japan |
| C. | United States |
| D. | all of the above |
| Answer» E. | |
| 106. |
India spends the most foreign exchange on the import of which item? |
| A. | petroleum products |
| B. | Fertilizer |
| C. | defense equipment |
| D. | power house machinery |
| Answer» B. Fertilizer | |
| 107. |
Which item is not an item of import in India? |
| A. | Chemical and chemical similar |
| B. | abrakh |
| C. | drugs |
| D. | ferrous metal |
| Answer» C. drugs | |
| 108. |
India's contribution to world exports in 1950 was 85 percent, currently it is about - |
| A. | 0 . 80 percent |
| B. | 5 percent |
| C. | 2 . 00 percent |
| D. | 2 . 50 percent |
| Answer» D. 2 . 50 percent | |
| 109. |
The largest item of import in India in recent years is - |
| A. | petroleum products and grains |
| B. | capital goods and petroleum products |
| C. | petroleum and chemical fertilizers |
| D. | gems and petroleum |
| Answer» C. petroleum and chemical fertilizers | |
| 110. |
According to the community / organization, the largest share of India's exports goes to - |
| A. | European Economic Community |
| B. | Commonwealth of Independent States |
| C. | SAARC |
| D. | OPEC |
| Answer» B. Commonwealth of Independent States | |
| 111. |
Which export contributes the most to India's export earnings? |
| A. | of agricultural products |
| B. | gems and jewelery |
| C. | of machinery |
| D. | textile and ready-made |
| Answer» C. of machinery | |
| 112. |
Which of the following has seen the most rapid growth recently? |
| A. | gems - jewelery |
| B. | computer software |
| C. | steel |
| D. | refining |
| Answer» C. steel | |
| 113. |
The object of export of India is - |
| A. | petroleum products |
| B. | drugs |
| C. | Tea |
| D. | Fertilizer |
| Answer» D. Fertilizer | |
| 114. |
Which cash crop in India earns maximum foreign exchange through export? |
| A. | gather |
| B. | tobacco |
| C. | Tea |
| D. | coffee |
| Answer» D. coffee | |
| 115. |
Which sector's export prices have contributed the most to the export trade in the last years? |
| A. | handicrafts |
| B. | Textile |
| C. | marine products |
| D. | Electronics |
| Answer» C. marine products | |
| 116. |
Which country exports the highest value of gems and jewelery in India? |
| A. | Japan |
| B. | Germany |
| C. | United States |
| D. | Russia |
| Answer» D. Russia | |
| 117. |
Which are the following US countries, which are members of the Organization of the Petroleum Exporting Countries (OPEC)? |
| A. | Ecuador and Brazil |
| B. | Ecuador and Bolivia |
| C. | Ecuador and Venezuela |
| D. | Venezuela and Brazil |
| Answer» B. Ecuador and Bolivia | |
| 118. |
When was theIndia Brand Equity Fundestablished? |
| A. | 1992 AD |
| B. | 1996 AD |
| C. | 1999 AD |
| D. | 1998 AD |
| Answer» C. 1999 AD | |
| 119. |
In which two years the balance of trade has been favorable in India? |
| A. | 1970 - 71 and 1975 - 76 |
| B. | 1975 - 76 and 1976 - 77 |
| C. | 1972 - 73 u0026 1976 - 77 |
| D. | 1976 - 77 and 1977 - 78 |
| Answer» D. 1976 - 77 and 1977 - 78 | |
| 120. |
With reference to foreign trade in India in the last few years, which one of the following statements is true? |
| A. | imports are down |
| B. | exports are down |
| C. | Imports have decreased but exports have increased |
| D. | Both imports and exports have increased |
| Answer» E. | |
| 121. |
India's exports by value constitute the total export trade of the world - |
| A. | are less than 1 percent |
| B. | are 1 percent |
| C. | are more than 1 percent |
| D. | are 2 percent |
| Answer» E. | |
| 122. |
To promote Indian exports, “India Brand Equity Fund” was established by which ministry? |
| A. | Ministry of Commerce |
| B. | Ministry of Industry |
| C. | Finance Ministry |
| D. | home Ministry |
| Answer» B. Ministry of Industry | |
| 123. |
How many times India's foreign trade balance has been favorable during the plan period? |
| A. | Once |
| B. | twice |
| C. | three times |
| D. | four times |
| Answer» C. three times | |
| 124. |
Which statement is true from the point of view of balance of trade during the planning period of India? |
| A. | adaptable to all subjects |
| B. | All the years have been unfavourable |
| C. | Has been favorable in only two years |
| D. | Has been unfavorable in only two years |
| Answer» D. Has been unfavorable in only two years | |
| 125. |
e . C . G. C . is related to - |
| A. | export promotion |
| B. | export financing and insurance |
| C. | export quality certification |
| D. | From the publication of export statistics |
| Answer» B. export financing and insurance | |
| 126. |
Export oriented units are those firms which are expected to - |
| A. | Operates only in export processing areas |
| B. | will replace imports |
| C. | Mother s . O . - Meets under 9000 |
| D. | export a major part of the production |
| Answer» E. | |
| 127. |
Dunkel Draft was - |
| A. | related to the Uruguay Round Agreement |
| B. | economic sanctions on countries with nuclear power |
| C. | related to the protection of buildings of world cultural heritage |
| D. | Related to stopping the drug trade |
| Answer» B. economic sanctions on countries with nuclear power | |
| 128. |
What is Super 301 - |
| A. | It is the brand name of a supercomputer developed by India. |
| B. | Newly developed variety of rice. |
| C. | It is a section of US trade law that gives them the power to impose higher customs duties on their imports. |
| D. | This is the name of a new drug discovered to combat AIDS. |
| Answer» D. This is the name of a new drug discovered to combat AIDS. | |
| 129. |
The objective of setting up Trade Point is – |
| A. | Import-Export Exchange Countries |
| B. | Countries that exchange import-export information |
| C. | Foreign Banking Business Exchange Center |
| D. | customs collection center |
| Answer» C. Foreign Banking Business Exchange Center | |
| 130. |
India's foreign trade during the planning period |
| A. | only increased in quantity |
| B. | only increased in price |
| C. | increased in both quantity and price |
| D. | decreased in both quantity and value |
| Answer» D. decreased in both quantity and value | |
| 131. |
What is break even point? |
| A. | position when the firm is making profit |
| B. | a situation when the firm is incurring loss |
| C. | a situation when the firm is neither making profit nor loss |
| D. | It has nothing to do with profit or loss |
| Answer» D. It has nothing to do with profit or loss | |
| 132. |
The basic basis of international trade is |
| A. | both absolute advantage and comparative advantage |
| B. | absolute profit only |
| C. | Relative advantage only |
| D. | exchange rate |
| Answer» B. absolute profit only | |
| 133. |
Economic planning is an essential characteristic of- |
| A. | of mixed economy |
| B. | Of a dual economy |
| C. | socialist economy |
| D. | of capitalist economy |
| Answer» D. of capitalist economy | |
| 134. |
Under the recommendations of the 13th Finance Commission, what will be the minimum percentage of the states' participation in the central taxes - |
| A. | 30. 5 percent |
| B. | 32. 0 percent |
| C. | 33. 5 percent |
| D. | none of the suitable |
| Answer» C. 33. 5 percent | |
| 135. |
What is meant by free trade? |
| A. | Imports are reduced. |
| B. | There is no restriction on import and export |
| C. | There is no duty on import and export. |
| D. | Imported goods are tax free |
| Answer» C. There is no duty on import and export. | |
| 136. |
The highest growth rate was achieved during the planning period |
| A. | in the eighth plan |
| B. | in the tenth plan |
| C. | in the ninth plan |
| D. | in the seventh plan |
| Answer» C. in the ninth plan | |
| 137. |
Which of the following is the term of the Twelfth Five Year Plan? |
| A. | 2011 - 2016 |
| B. | 2012 - 2017 |
| C. | 2013 - 2018 |
| D. | 2010 - 2015 |
| Answer» C. 2013 - 2018 | |
| 138. |
The period of plan holiday in India was |
| A. | 1962 - 65 |
| B. | 1966 - 69 |
| C. | 1969 - 72 |
| D. | 1972 - 75 |
| Answer» C. 1969 - 72 | |
| 139. |
The objective of the Eleventh Five Year Plan was – |
| A. | alleviation of poverty |
| B. | Included economic growth |
| C. | development with social justice |
| D. | development of minorities |
| Answer» C. development with social justice | |
| 140. |
The date on which the National Development Council was constituted is- |
| A. | August 16, 1950 |
| B. | 1 April 1951 |
| C. | August 6, 1952 |
| D. | August 16, 1952 |
| Answer» D. August 16, 1952 | |
| 141. |
Who is the final authority in India to approve the Five Year Plan? |
| A. | Union Council of Ministers |
| B. | Planning Commission |
| C. | Prime minister |
| D. | none of these |
| Answer» E. | |
| 142. |
In which year was the 20 point economic program first started? |
| A. | in 1969 |
| B. | in 1975 |
| C. | in 1977 |
| D. | in 1980 |
| Answer» C. in 1977 | |
| 143. |
The concept ofrolling planin national planning was introduced by - |
| A. | By Indira Gandhi |
| B. | by the National Front Government |
| C. | by public government |
| D. | by Rajiv Gandhi |
| Answer» D. by Rajiv Gandhi | |
| 144. |
It is necessary for the Chairman of the Finance Commission to- |
| A. | Be a person in finance and banking sector |
| B. | Highly qualified - be an economist |
| C. | Be an expert in the judiciary at the level of a High Court judge |
| D. | be a person with experience in public affairs |
| Answer» E. | |
| 145. |
Finance commission is constituted by – |
| A. | for a period of 4 years |
| B. | for a period of 5 years |
| C. | for a period of 7 years |
| D. | for a period of 10 years |
| Answer» C. for a period of 7 years | |
| 146. |
During which five year plan emergency was imposed, fresh elections were held and Janata Party was elected? |
| A. | third |
| B. | fourth |
| C. | fifth |
| D. | Sixth |
| Answer» D. Sixth | |
| 147. |
Finance Commission - |
| A. | makes five year plans |
| B. | formulates monetary policy |
| C. | Recommends revision of salaries of Central Government employees |
| D. | Decides on the allocation of resources between the Center and the States |
| Answer» E. | |
| 148. |
The main agency for settlement of financial disputes between the Center and the State is- |
| A. | Supreme Court |
| B. | Minister of Justice |
| C. | finance minister |
| D. | Finance Commission |
| Answer» E. | |
| 149. |
The chairman of the 14th Finance Commission is- |
| A. | a . M . khusro |
| B. | K. C . Pant |
| C. | Vijay Kelkar |
| D. | why . V. reddy |
| Answer» E. | |
| 150. |
Who among the following has not been the chairman of any Finance Commission constituted so far? |
| A. | Amrish Bagchi |
| B. | Mahavir Tyagi |
| C. | K. C . Pant |
| D. | Brahmananda Reddy |
| Answer» B. Mahavir Tyagi | |