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MCQOPTIONS
This section includes 1254 Mcqs, each offering curated multiple-choice questions to sharpen your General Knowledge knowledge and support exam preparation. Choose a topic below to get started.
| 251. |
What was the Gross Domestic Product (GDP) for India in 2016-17 Financial Year? |
| A. | 0.061 |
| B. | 0.071 |
| C. | 0.081 |
| D. | 0.067 |
| Answer» C. 0.081 | |
| 252. |
What is true about economic resources? |
| A. | Economic resources are limited. |
| B. | Economic resources are always controlled by the government. |
| C. | Economic resources include only money. |
| D. | Economic resources exist only at the individual level. |
| Answer» B. Economic resources are always controlled by the government. | |
| 253. |
What situation would result if Government expenditure exceeds the Government revenue on Current Account? |
| A. | Deficit budgeting |
| B. | ZeroÂbased budgeting |
| C. | PerformanceÂbased budgeting |
| D. | Surplus budgeting |
| Answer» B. ZeroÂbased budgeting | |
| 254. |
What was one outcome of laissez faire economic policies? |
| A. | Poverty traps that cannot be escaped through free choice |
| B. | Monopoly power that emerges naturally in the market and allows businesses to exploit consumers |
| C. | Businesses pay workers low |
| D. | All of the above |
| Answer» E. | |
| 255. |
What is the total population of India in crores according to 2001 Census |
| A. | 68 |
| B. | 84 |
| C. | 94 |
| D. | 102.7 |
| Answer» E. | |
| 256. |
What is the total population of India according to 2001 Census |
| A. | 1,02,71,01,012 |
| B. | 1,02,87,37,436 |
| C. | 10,12,52,751 |
| D. | None of these |
| Answer» C. 10,12,52,751 | |
| 257. |
What is the slowdown in the rate of increase of prices of goods & services in National GDP over time called? |
| A. | Deflation |
| B. | Disinflation |
| C. | Inflation |
| D. | Reflation |
| Answer» C. Inflation | |
| 258. |
What is the rank of Bihar in view of population in India |
| A. | 4th |
| B. | 3rd |
| C. | 5th |
| D. | 11th |
| Answer» C. 5th | |
| 259. |
What is the rank of India in World Economic Forum’s Global Human Capital Index (GHCI) 2017 ? |
| A. | 103 |
| B. | 104 |
| C. | 105 |
| D. | 106 |
| Answer» B. 104 | |
| 260. |
What is the percentage of India's population to the world population |
| A. | 0.06 |
| B. | 0.26 |
| C. | 0.16 |
| D. | 0.36 |
| Answer» D. 0.36 | |
| 261. |
What is the name of the group of agriculture exporting countries formed in 1986, that has put agriculture on the multi lateral trade agenda at the WTO? |
| A. | The Cairns Group |
| B. | ASEAN |
| C. | SCANA |
| D. | NAFTA |
| Answer» D. NAFTA | |
| 262. |
What is the India’s GDP growth predict for Financial Year 2017-18, according to the Economic Survey of India (ESI) 2016-17 ? |
| A. | 6.25 % to 7.5% |
| B. | 6.55 % to 7.25% |
| C. | 6.55 % to 7.5% |
| D. | 6.75 % to 7.5% |
| Answer» E. | |
| 263. |
What is the longest irrigation canal India called |
| A. | Yamuna Canal |
| B. | Sirhind canal |
| C. | Indira Gandhi canal |
| D. | Upper Bari Doab Canal |
| Answer» D. Upper Bari Doab Canal | |
| 264. |
What is the highest percentage slab for GST in India? |
| A. | 0.2 |
| B. | 0.32 |
| C. | 0.25 |
| D. | 0.28 |
| Answer» E. | |
| 265. |
What is the GDP growth rate for India in 2019-20 projected by the International Monetary Fund (IMF)?_x005F_x000D_ |
| A. | 0.065 |
| B. | 0.075 |
| C. | 0.06 |
| D. | 0.055 |
| Answer» C. 0.06 | |
| 266. |
What is the full form of GST? |
| A. | Good and Services Tax |
| B. | Goods Sales Tax |
| C. | Grand Sales Tax |
| D. | General Sales Tax |
| Answer» B. Goods Sales Tax | |
| 267. |
What is the Color of Rs.50 bank notes in Mahatma Gandhi (New) series introduced recently ? |
| A. | Magenta |
| B. | Stone Grey |
| C. | Fluorescent Blue |
| D. | Ray blue |
| Answer» D. Ray blue | |
| 268. |
What is Rank of India in World business optimism ranking? |
| A. | 4th |
| B. | 6th |
| C. | 5th |
| D. | 7th |
| Answer» E. | |
| 269. |
What is poverty gap?_x005F_x000D_ |
| A. | the difference between poverty line and actual income level of all those living below that line |
| B. | gap between developed and developing nations |
| C. | gap between the rich and the poor |
| D. | gap between infrastructural facilities in developed and developing nations_x005F_x000D_ |
| Answer» B. gap between developed and developing nations | |
| 270. |
What is CPC Â ? |
| A. | Central Person scheme |
| B. | Central Pay commission |
| C. | Central Paid determination |
| D. | Central Pay scheme |
| Answer» C. Central Paid determination | |
| 271. |
What is income available with a person after deducting for taxes called? |
| A. | Disposable Income |
| B. | Cash Income |
| C. | Salary |
| D. | General Income |
| Answer» B. Cash Income | |
| 272. |
What is an octroi ? |
| A. | Tax |
| B. | Tax collection centre |
| C. | Tax processing centre |
| D. | Tax information centre |
| Answer» B. Tax collection centre | |
| 273. |
What is a bank rate? |
| A. | Rate at which Central bank of a country advances loans to other banks in the country |
| B. | Rate at which banks advance loans to the customers |
| C. | Rate at which banks lend among themselves |
| D. | Rate at which banks lend to money lenders |
| Answer» B. Rate at which banks advance loans to the customers | |
| 274. |
What information does a supply schedule provide_x005F_x000D_ |
| A. | It shows the supply for a product at various prices |
| B. | It shows the supply for different products at different prices |
| C. | It shows the supply for a product at a single price point |
| D. | None of the above |
| Answer» B. It shows the supply for different products at different prices | |
| 275. |
What happens to demand when price increases? |
| A. | increases |
| B. | decreases |
| C. | remains same |
| D. | Can't be determined |
| Answer» C. remains same | |
| 276. |
What does the APR on a credit card determine? |
| A. | fee paid by bank for deposits |
| B. | fee paid for borrowing money |
| C. | Both A & B |
| D. | None of the above |
| Answer» C. Both A & B | |
| 277. |
What does the term 'Call Money' refer to? |
| A. | A loan made for a very short period of a few days or aweek |
| B. | Student loans to help cover the cost of highereducation |
| C. | Loans to allow consumers to buy homes they can'tpay for upfront |
| D. | Personal loans for any personal expenses which don'thave a designated purpose |
| Answer» B. Student loans to help cover the cost of highereducation | |
| 278. |
What does indifference curve represent? |
| A. | Levels of Income and Capital |
| B. | Satisfaction derived from two goods |
| C. | Income from two businesses |
| D. | Relationship between expenditure and savings |
| Answer» C. Income from two businesses | |
| 279. |
What does cyclical unemployment mean?_x005F_x000D_ |
| A. | Unemployment during recessionary phase of trade cycle |
| B. | Disguised unemployment |
| C. | Seasonal unemployment |
| D. | Voluntary unemployment |
| Answer» B. Disguised unemployment | |
| 280. |
What does 'C' stands for 'CAGR', a business specific term for the geometric progression ratio that provides a constant rate over the specific time period? |
| A. | Control |
| B. | Compound |
| C. | Credit |
| D. | Call |
| Answer» C. Credit | |
| 281. |
What denotes offering several products for sale as one combined product? |
| A. | Advertisement |
| B. | Product mix |
| C. | Product bundling |
| D. | Differentiation |
| Answer» D. Differentiation | |
| 282. |
Visible and invisible items of debit and credit are the part of___________._x005F_x000D_ |
| A. | import-export policy |
| B. | balance of payment |
| C. | balance of trade |
| D. | annual budget |
| Answer» C. balance of trade | |
| 283. |
Urbanization and unsustainable development in India raised several environmental concerns but NOT one among the following. |
| A. | Deforestation |
| B. | Soil degradation |
| C. | Depletion of natural resources |
| D. | Erratic monsoon |
| Answer» E. | |
| 284. |
Unemployment would cause an economy to |
| A. | produce outside its production possibilities frontier |
| B. | produce inside it's production possibilities frontier |
| C. | produce on it's production possibilites frontier |
| D. | All of the above |
| Answer» C. produce on it's production possibilites frontier | |
| 285. |
Unemployment that arises when there is a general downturn in business activity is known as |
| A. | Structural unemployment |
| B. | Frictional unemployment |
| C. | Cyclical unemployment |
| D. | Disguised unemployment |
| Answer» D. Disguised unemployment | |
| 286. |
Unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand is called |
| A. | Structural unemployment |
| B. | Frictional unemployment |
| C. | Seasonal unemployment |
| D. | Cyclical unemployment |
| Answer» B. Frictional unemployment | |
| 287. |
Unemployment is an example of which of the following? |
| A. | interest risk |
| B. | inflation risk |
| C. | personal risk |
| D. | income risk |
| Answer» E. | |
| 288. |
Under which plan did the Government Introduce an agricultural strategy which gave rise to Green Rrevolution |
| A. | Second five year plan |
| B. | Third five year plan |
| C. | Fourth five year plan |
| D. | Sixth five year plan |
| Answer» C. Fourth five year plan | |
| 289. |
Under the minimum reserve system, the Reserve Bank of India as the sole authority of note issuse is required to maintain  assets worth not less than: |
| A. | 85 crore of rupees |
| B. | 115 crore of rupees |
| C. | 200 crore of rupees |
| D. | 210 crore of rupees |
| Answer» C. 200 crore of rupees | |
| 290. |
Under GST regime, in ‘Composition Scheme’, taxpayers have to fill returns ______. |
| A. | Monthly |
| B. | Half-yearly |
| C. | Quarterly |
| D. | Bi-Monthly |
| Answer» D. Bi-Monthly | |
| 291. |
Trickle down theory ignores the impact of economic growth on |
| A. | Investment |
| B. | Savings |
| C. | Income distribution |
| D. | consumption |
| Answer» D. consumption | |
| 292. |
Transport comes under which sector of economic growth? |
| A. | Secondary sector |
| B. | Primary sector |
| C. | Tertiary sector |
| D. | Quaternary sector |
| Answer» D. Quaternary sector | |
| 293. |
TRAI, the name which we read very often in the newspapers, is a regulatory body associated with which of the following sectors |
| A. | Transport |
| B. | Travel and Tourism |
| C. | Technical Education |
| D. | Telecom |
| Answer» E. | |
| 294. |
Trade blocs help countries by |
| A. | competition |
| B. | economic integration |
| C. | Increase in trade |
| D. | All of the above |
| Answer» E. | |
| 295. |
Total Output is a synonym for |
| A. | aggregate demand |
| B. | gross domestic product |
| C. | aggregate supply |
| D. | equilibrium |
| Answer» D. equilibrium | |
| 296. |
To the economist, total cost includes |
| A. | neither implicit nor explicit costs. |
| B. | implicit, but not explicit, costs. |
| C. | explicit, but not implicit, cost. |
| D. | explicit and implicit costs. |
| Answer» E. | |
| 297. |
Time period of Annual Plans was ___________. |
| A. | 1990-1992 |
| B. | 1987-1990 |
| C. | 1992-1994 |
| D. | No option is correct |
| Answer» B. 1987-1990 | |
| 298. |
Through specialization and international trade, a nation |
| A. | will attain some combination of goods lying inside its production possibilities curve |
| B. | will shift its production possibilities curve towards left |
| C. | can attain some combination of goods lying outside its production possibilities curve |
| D. | will shift its production possibilities curve towards right |
| Answer» D. will shift its production possibilities curve towards right | |
| 299. |
This tax is entirely borne by the entity it is levied upon and cannot be passed. |
| A. | Direct tax |
| B. | Indirect tax |
| C. | Straight tax |
| D. | Advance tax |
| Answer» B. Indirect tax | |
| 300. |
The World's largest railway platform is at |
| A. | Talchar |
| B. | New York |
| C. | Kharagpur |
| D. | None of these |
| Answer» D. None of these | |