MCQOPTIONS
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MCQOPTIONS
This section includes 1708 Mcqs, each offering curated multiple-choice questions to sharpen your Indian Polity and Civics knowledge and support exam preparation. Choose a topic below to get started.
| 1251. |
Geographic proximity is an important reason for economic integration becauseconsumer tastes are likely to be: |
| A. | different. |
| B. | opposite. |
| C. | similar. |
| D. | strange. |
| Answer» D. strange. | |
| 1252. |
26. Which act was removed under NEP |
| A. | MRMP |
| B. | MDPE |
| C. | MRRP |
| D. | MRTP |
| Answer» E. | |
| 1253. |
Devaluation means: |
| A. | To reduce the value of home currency in other currency |
| B. | To appreciate the value of home currency |
| C. | To increase the value of home currency in other currency. |
| D. | To constant the value of home currency. |
| Answer» B. To appreciate the value of home currency | |
| 1254. |
What is the rank of the construction sector in employment generation? |
| A. | 2nd |
| B. | 1st |
| C. | 4th |
| D. | 5th |
| Answer» B. 1st | |
| 1255. |
Which of the following is international trade? |
| A. | Trade between countries |
| B. | Trade between regions |
| C. | Trade between provinces |
| D. | Both (b) and (c) |
| Answer» B. Trade between regions | |
| 1256. |
The most urgent problem which prompted the introduction of the New Economic Policyin 1991 was |
| A. | Foreign exchange crisis |
| B. | All of these |
| C. | Poor performance of public sector |
| D. | High tax rate leading to tax evasion |
| Answer» C. Poor performance of public sector | |
| 1257. |
Which of the following is not an indicator to measure MPI? |
| A. | Electricity |
| B. | Flooring |
| C. | Cooking fuel |
| D. | Profession |
| Answer» E. | |
| 1258. |
What is the main role of the IMF? |
| A. | To ensure a stable exchange rate regime and provide emergency assistance to countries facing crises in balance of payments. |
| B. | To be a forum for trade and liberalization. |
| C. | To assist countries in development. |
| D. | To facilitate private investment around the world. |
| Answer» B. To be a forum for trade and liberalization. | |
| 1259. |
Which Indian industries have been hit by globalisation? |
| A. | Cement |
| B. | Jute |
| C. | Toy making |
| D. | Information Technology (IT) |
| Answer» D. Information Technology (IT) | |
| 1260. |
____ is a systematic record of all the economic transaction between one countryand rest of the would: |
| A. | Balance of Trade |
| B. | Balance of Transaction |
| C. | Budget |
| D. | Balance of payments |
| Answer» E. | |
| 1261. |
Which of the following is NOT a restriction to international trade? |
| A. | Quotas. |
| B. | GATT. |
| C. | Subsidies. |
| D. | Exchange controls. |
| Answer» C. Subsidies. | |
| 1262. |
Indian economy today is ai. Developing economy ii. Emerging economy iii. Dual economy iv. Non-agricultural economy |
| A. | I and ii only |
| B. | I, ii and iii |
| C. | I, ii, iii, iv |
| D. | iii and iv |
| Answer» C. I, ii, iii, iv | |
| 1263. |
Where is the headquarters of the EU? |
| A. | Belgium |
| B. | Netherlands |
| C. | Luxembourg |
| D. | Greece |
| Answer» B. Netherlands | |
| 1264. |
Consider the following statements and identify the right ones.i. The Planning Commission was set up by the Government resolution. ii. It formulates plans for effective utilization of resources. |
| A. | I only |
| B. | ii only |
| C. | both |
| D. | none |
| Answer» D. none | |
| 1265. |
Which of the following was the 1st state to bring out state HDR? |
| A. | Rajasthan |
| B. | Karnataka |
| C. | Madhya Pradesh |
| D. | Kerala |
| Answer» D. Kerala | |
| 1266. |
Which of the following was not an objective of the 1956 industrial policy? |
| A. | Development of cooperative sector |
| B. | Expansion of public sector |
| C. | Develop heavy and machine making industries |
| D. | None of the above |
| Answer» E. | |
| 1267. |
Dual economy refers to existence of |
| A. | Imports and export activities |
| B. | Bilateral ties |
| C. | Traditional and modern aspects in the economy |
| D. | Both a and b |
| Answer» D. Both a and b | |
| 1268. |
The most urgent problem which prompted the introduction of the New EconomicPolicy in 1991 was |
| A. | Foreign exchange crisis |
| B. | All of these |
| C. | Poor performance of public sector |
| D. | High tax rate leading to tax evasion |
| Answer» C. Poor performance of public sector | |
| 1269. |
Which of the following types of regional economic integration focuses only oneliminating internal tariffs? |
| A. | customs union |
| B. | common market |
| C. | complete economic integration |
| D. | free trade area |
| Answer» E. | |
| 1270. |
The main source of foreign capital in India is |
| A. | Loans from abroad |
| B. | None |
| C. | Foreign direct investment |
| D. | Both A and C |
| Answer» E. | |
| 1271. |
Which three indicators are used in the Human Development Index (HDI)?i) Standard of living ii) Education iii) Life expectancy iv) Condition of environment |
| A. | Only I, II & IV |
| B. | Only I, II, & III |
| C. | Only I & II |
| D. | All of the above |
| Answer» C. Only I & II | |
| 1272. |
Consider the following statements and identify the right onesi. The Oxford PHI publishes Human Development Report ii. The HDR is published biennially. |
| A. | I only |
| B. | ii only |
| C. | both |
| D. | none |
| Answer» E. | |
| 1273. |
24. In which among the following year the MRTP act become effective |
| A. | 1980 |
| B. | 1960 |
| C. | 1970 |
| D. | 1990 |
| Answer» D. 1990 | |
| 1274. |
Selling off the share of public sector companies to the private individuals and institutions is known as |
| A. | Amendments |
| B. | Delicensing |
| C. | Dereservation |
| D. | Disinvestment |
| Answer» E. | |
| 1275. |
The characteristic features of Indian Agriculture are:1. Labour surplus economy 2. Structural unemployment 3. Large size of land holding 4. Traditional technology of production Which statements are correct? |
| A. | 1 and 2 |
| B. | 2 and 3 |
| C. | 1 and 4 |
| D. | 3 and 4 Ans: |
| Answer» D. 3 and 4 Ans: | |
| 1276. |
Where is the headquarters of the SAARC? |
| A. | Manila |
| B. | Kathmandu |
| C. | New Delhi |
| D. | Jakarta |
| Answer» C. New Delhi | |
| 1277. |
The oil and natural gas commission was set up in? |
| A. | 1956 |
| B. | 1959 |
| C. | 1961 |
| D. | 1965 |
| Answer» E. | |
| 1278. |
Which of the following industries was de-reserved in 1993? |
| A. | Atomic energy |
| B. | Atopic minerals |
| C. | Mining of copper and zinc |
| D. | Railways |
| Answer» D. Railways | |
| 1279. |
The economic reforms were intended to take the Indian economy into three specificdirections which are |
| A. | LPG |
| B. | DPG |
| C. | LDG |
| D. | DLP |
| Answer» B. DPG | |
| 1280. |
Apart from India, Pakistan and Bangladesh who are the other member countries ofSAARC? |
| A. | Nepal, Bhutan, Thailand and Singapore |
| B. | Nepal, Bhutan, Malaysia and Maldives |
| C. | Nepal, Bhutan, Maldives, Sri Lanka and Afghanistan |
| D. | None of The Above |
| Answer» D. None of The Above | |
| 1281. |
The NEP in 1991 was initiated by the |
| A. | Prime Minister |
| B. | Foreign Minister |
| C. | Home Minister |
| D. | Finance Minister |
| Answer» E. | |
| 1282. |
What is Dependency Theory? |
| A. | Economic activity in the richer countries often leads to serious economic problems in the poorer countries. |
| B. | Economic development of poorer countries is positively dependent on economic growth of richer countries. |
| C. | Economic growth is beneficial to all. |
| D. | None of the options given are correct. |
| Answer» B. Economic development of poorer countries is positively dependent on economic growth of richer countries. | |
| 1283. |
The main reason behind MNCs investments are |
| A. | To benefit foreign countries |
| B. | To provide financial support to the country’s government |
| C. | For the welfare of underprivileged people. |
| D. | To increase the assets and earn profits. |
| Answer» E. | |
| 1284. |
In which among the following year was ‘liberalized industrial policy’ in India wasannounced for the first time? |
| A. | 1992 |
| B. | 1995 |
| C. | 1991 |
| D. | 1996 |
| Answer» D. 1996 | |
| 1285. |
Tax on imports can be treated as |
| A. | Collateral |
| B. | Trade Barriers |
| C. | Foreign Trade |
| D. | Terms of Trade |
| Answer» C. Foreign Trade | |
| 1286. |
Which is the leading Indian state in groundnut production, as per 2013-14 records? |
| A. | Andhra Pradesh |
| B. | Gujarat |
| C. | Tamil Nadu |
| D. | Karnataka |
| Answer» C. Tamil Nadu | |
| 1287. |
Consider the following statements and identify the right ones.i. The Industrial Policy of 1948 was the first industrial policy statement by the Government ii. It gave leading role to the private sector |
| A. | I only |
| B. | ii only |
| C. | both |
| D. | none |
| Answer» B. ii only | |
| 1288. |
_______ is a systematic record of all transactions of a country in a year. |
| A. | Balance of payment |
| B. | Balance of Trade |
| C. | Current Account of Balance of Payment |
| D. | None. |
| Answer» B. Balance of Trade | |
| 1289. |
Which of following is not a component of MPI? |
| A. | Health |
| B. | Education |
| C. | Occupation |
| D. | Standard of living |
| Answer» D. Standard of living | |
| 1290. |
What as the prime target of the first five-year plan of India? |
| A. | Development of the industries |
| B. | Development of Agriculture |
| C. | Development of infrastructure |
| D. | Development of ports |
| Answer» C. Development of infrastructure | |
| 1291. |
Which of the following is also known as International Bank for Reconstruction andDevelopment? |
| A. | IMF |
| B. | RBI |
| C. | WTO |
| D. | World Bank |
| Answer» E. | |
| 1292. |
What is the full form of ASEAN? |
| A. | Association of South East Asian Nations |
| B. | Administration of South East Asian Nations |
| C. | Administration of Southern Eastern Asian Nations |
| D. | Organisation of South East Asian Nations |
| Answer» B. Administration of South East Asian Nations | |
| 1293. |
Arrange in the right order the contribution of sectors to the GDP from highest tolowest. |
| A. | Agriculture, manufacturing, tertiary |
| B. | Agriculture, tertiary, manufacturing |
| C. | Tertiary, manufacturing, agriculture |
| D. | Manufacturing, tertiary, agriculture |
| Answer» D. Manufacturing, tertiary, agriculture | |
| 1294. |
The additional capital used per unit of additional production is called |
| A. | Induced investment |
| B. | Autonomous investment |
| C. | Incremental Capital Output ratio |
| D. | None of the above |
| Answer» D. None of the above | |
| 1295. |
As we know, a lot of people from underdeveloped states migrate to various progressive states as agricultural labour. What are the major problems of agriculture in India owing to which people have to leave their own land and work as laborer on somebody else’s farm/land?1. Lack of irrigation facilities, low productivity of land and uncertain monsoon. 2. Non availability of fertilizers etc. on subsidized rates. 3. Single crop cultivation. Select the correct option |
| A. | Only 1 |
| B. | Only 2 |
| C. | Only 3 |
| D. | All the three Ans: |
| Answer» E. | |
| 1296. |
Which one of the following is the oldest oil refinery in India? |
| A. | Digboi |
| B. | Koyali |
| C. | Haldia |
| D. | Mathura |
| Answer» B. Koyali | |
| 1297. |
Under the industrial policy of 1991, the number of industries reserved for thepublic sector have been reduced from 17 to |
| A. | 8 |
| B. | 6 |
| C. | 3 |
| D. | 5 |
| Answer» B. 6 | |
| 1298. |
Consider the following statements and identify the right ones.i. Unbalanced growth strategy is also known as Mahalanobis strategy ii. This strategy was adopted in India after the 7th five-year plans. |
| A. | I only |
| B. | ii only |
| C. | both |
| D. | none |
| Answer» B. ii only | |
| 1299. |
LQP raj refers to |
| A. | license, quota, Privatisation raj |
| B. | liberalisation, quota, permit raj |
| C. | license, quota, permit raj |
| D. | license, quarter, Privatisation raj |
| Answer» D. license, quarter, Privatisation raj | |
| 1300. |
The National Bank for Agriculture and Rural Development (NABARD) wasestablished in the year? |
| A. | 1970 |
| B. | 1975 |
| C. | 1977 |
| D. | 1982 |
| Answer» E. | |