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MCQOPTIONS
This section includes 1769 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1401. |
In Bihar, which sector recorded highest growth during 2005 - 06 to 2014 - 15 ? |
| A. | Agriculture |
| B. | Banking |
| C. | Registered Manufacturing |
| D. | Transport |
| E. | None of the above/More than one of the above |
| Answer» D. Transport | |
| 1402. |
________ sector is characterised by small and scattered units which are largely outside the control of the government. |
| A. | Unorganised |
| B. | Organised |
| C. | Disguised |
| D. | Seasonal |
| Answer» B. Organised | |
| 1403. |
Division of labour often involves1. specialized economic activity.2. highly distinct productive roles.3. involving everyone in many of the same activities.4. individuals engage in only a single activity and are dependent on others to meet their various needs.Select the correct answer using the code given below: |
| A. | 1, 3 and 4 only |
| B. | 1, 2 and 4 only |
| C. | 3 only |
| D. | 2 and 4 only |
| Answer» C. 3 only | |
| 1404. |
In India, inflation is measured on the basis of ______. |
| A. | Wholesale Price Index |
| B. | Producer Price Index |
| C. | Consumer price index |
| D. | No option is correct |
| Answer» D. No option is correct | |
| 1405. |
Economic Survey is published by ? |
| A. | NlTl Ayog |
| B. | Government of India |
| C. | Ministry of Finance |
| D. | Indian Statistical Institute |
| Answer» D. Indian Statistical Institute | |
| 1406. |
__________ is defined as the output per unit of variable input. |
| A. | Marginal product |
| B. | Production function |
| C. | Total product |
| D. | Average product |
| Answer» E. | |
| 1407. |
Development promises a real growth by enhancing ______ of a person. |
| A. | Total income |
| B. | Standard of living |
| C. | Total income and standard of living boths |
| D. | Neither total income nor standard of living |
| Answer» D. Neither total income nor standard of living | |
| 1408. |
An ______ is an investment made by a firm or individual in one country into business interests located in another country |
| A. | FDI |
| B. | Forex |
| C. | CRR |
| D. | SEZ |
| Answer» B. Forex | |
| 1409. |
India's industrial GDP growth rate for the fiscal year 2013-14 (at the factor cost of 2004-05) is estimate to be around |
| A. | 0.35% |
| B. | 1.43% |
| C. | 2.48% |
| D. | 4.74% |
| Answer» E. | |
| 1410. |
As per the estimates of Union Budget 2019-20, how much investment is needed in Railway Infrastructure during 2018-2030? |
| A. | ₹ 60 lakh crore |
| B. | ₹ 40 lakh crore |
| C. | ₹ 30 lakh crore |
| D. | ₹ 50 lakh crore |
| Answer» E. | |
| 1411. |
Consider the following Statements: I. Bank rate is the rate of interest which RBI charges its clients on their short-term borrowing.II. Repo rate is the rate of interest which RBI charges its clients on their long-term borrowing.Which of the statements given above is/are correct? |
| A. | I only |
| B. | II only |
| C. | Both I and II |
| D. | Neither I nor II |
| Answer» E. | |
| 1412. |
According to the Law of Diminishing Returns, in a production function when more and more units of the variable factor are used, holding the quantities of a fixed factor constant, a point is reached beyond which |
| A. | the marginal revenue will diminish |
| B. | the average revenue will diminish |
| C. | the marginal product will diminish |
| D. | the marginal product will increase |
| Answer» D. the marginal product will increase | |
| 1413. |
In 2016-17, Haryana GSDP was growing at |
| A. | 6.7 percent |
| B. | 7.6 percent |
| C. | 8.7 percent |
| D. | 10 percent |
| Answer» D. 10 percent | |
| 1414. |
Khadi and village industry commission was established in |
| A. | Third plan |
| B. | Fourth plan |
| C. | Second plan |
| D. | First plan |
| Answer» D. First plan | |
| 1415. |
GDP is the total value of _____ during a specific period. |
| A. | all goods and services produced or sold |
| B. | all the finished goods and services produced within a country |
| C. | all intermediate goods and services produced or sold |
| D. | both intermediate and final goods and services produced within a country. |
| Answer» C. all intermediate goods and services produced or sold | |
| 1416. |
____________ is a type of direct Tax which is levied at the time of sale/purchase of securities through the Indian Stock Exchanges. |
| A. | Shares and Securities Tax |
| B. | Securities Transaction Tax |
| C. | Stamp Duty |
| D. | Stamp and Securities Tax |
| Answer» C. Stamp Duty | |
| 1417. |
In a given year in India, official poverty lines are higher in some States than in others because |
| A. | Poverty rates vary from State to State |
| B. | Price levels vary from State to State |
| C. | Gross State Product varies from State to State |
| D. | Quality of public distribution varies from State to State |
| Answer» C. Gross State Product varies from State to State | |
| 1418. |
Match List I with List II and select the correct answer using the code given below the Lists:List I(Bank)List II(Type)A. Indian Bank1. ForeignB. ICICI Bank2. CooperativeC. CITI Bank3. PrivateD. Saraswat Bank4. Public Codes: |
| A. | A-1, B-2, C-3, D-4 |
| B. | A-2, B-3, C-1, D-4 |
| C. | A-4, B-2, C-3, D-1 |
| D. | A-4, B-3, C-1, D-2 |
| Answer» E. | |
| 1419. |
Milpa and Ladang are different names for |
| A. | shifting cultivation. |
| B. | mixed farming |
| C. | truck farming |
| D. | plantation agriculture |
| Answer» B. mixed farming | |
| 1420. |
If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called ________. |
| A. | Law of demand |
| B. | Law of supply |
| C. | Law of substitution |
| D. | None of the above |
| Answer» B. Law of supply | |
| 1421. |
Indian Institute of Management was established in Kashipur (Udham Singh Nagar) in: |
| A. | Ninth Five Year Plan |
| B. | Tenth Five Year Plan |
| C. | Eleventh Five Year Plan |
| D. | Twelfth Five Year Plan |
| Answer» D. Twelfth Five Year Plan | |
| 1422. |
In December 2020, Odisha tourism launched its flagship Eco-Retreat program at five locations. Which of the following is NOT a part of them? |
| A. | Gopalpur |
| B. | Hirakud |
| C. | Satakosia |
| D. | Daringbadi |
| Answer» B. Hirakud | |
| 1423. |
Given below are two statements, one is labeled as Assertion (A) and the other as Reason (R).Assertion (A): There is a positive relationship between the Human Development Index (HDI) and Sustainable Development Goals (SDG) ranking of the Indian State.Reason (R): The underlying dimension of SDG targets are closely related to education and health aspect. Select the correct answer from the codes given below : |
| A. | Both (A) and (R) are true and (R) is the correct explanation of (A). |
| B. | Both (A) and (R) are true but (R) is not the correct explanation of (A). |
| C. | (A) is true, but (R) is false |
| D. | (A) is false, but (R) is true |
| Answer» B. Both (A) and (R) are true but (R) is not the correct explanation of (A). | |
| 1424. |
Market imperfections of a country are reflected in_______. |
| A. | price rigidity |
| B. | factor immobility |
| C. | lack of specialization |
| D. | All options are correct. |
| Answer» E. | |
| 1425. |
Consider the following statements regarding GST :1. The GST Bill 2014 has the purpose to improve the Value Added Tax on Goods and Services 2. It can be imposed differently in different States 3. It is a Comprehensive Tax imposed nationwide irrespective of any State concerned 4. It is a significant step in the reform of Indirect Taxation in India Which of the above statements are correct ? |
| A. | 1, 2 and 3 |
| B. | 1, 2 and 4 |
| C. | 2, 3 and 4 |
| D. | 1, 3 and 4 |
| Answer» E. | |
| 1426. |
Neutral, expansionary, and contractionary strategies are related to which policy of the government? |
| A. | Monetary policy |
| B. | Banking policy |
| C. | Budgetary policy |
| D. | Fiscal policy |
| Answer» E. | |
| 1427. |
On which of the below can an excise duty charged? |
| A. | A company’s revenue |
| B. | Export of goods and services |
| C. | Import of goods and services |
| D. | Goods manufactured |
| Answer» E. | |
| 1428. |
Debenture holders of a company are its _________. |
| A. | Shareholders |
| B. | Creditors |
| C. | Debtors |
| D. | Directors |
| Answer» C. Debtors | |
| 1429. |
In 2014, the Reserve Bank of India (RBI) adopted the new _____ as the key measure of inflation. |
| A. | IPI (Import Price Index) |
| B. | CPI (Consumer Price, Index, rural and urban, combined) |
| C. | WPI (Wholesale Price Index) |
| D. | PPI (Producer Price Index) |
| Answer» C. WPI (Wholesale Price Index) | |
| 1430. |
'RailTel Corporation' is a ______. |
| A. | Private Sector Enterprise |
| B. | Public Sector Undertaking |
| C. | Partnership Firm |
| D. | Joint Sector Enterprise |
| Answer» C. Partnership Firm | |
| 1431. |
In November 2015, the Government of India announced an increase in FDI for 'News and current affairs channels' from 26% to ___.A. 49%B. 51%C. 100%D. 75% |
| A. | B |
| B. | C |
| C. | D |
| D. | A |
| Answer» E. | |
| 1432. |
Fiscal deficit implies: |
| A. | Total expenditure - (Revenue receipts + recovery of loans + receipts from disinvestment) |
| B. | Total expenditure - Total receipts |
| C. | Total expenditure - (Revenue receipts + receipts from disinvestment) |
| D. | Total expenditure - Disinvestment receipts |
| Answer» B. Total expenditure - Total receipts | |
| 1433. |
Human development report of 2011, presented Multidimensional Poverty Index (MPI) estimates of 109 countries. What proportion of population according to this report, in these countries experience multidimensional poverty? |
| A. | 1/2 |
| B. | 1/3 |
| C. | 1/4 |
| D. | 1/5 |
| Answer» C. 1/4 | |
| 1434. |
In which year, the percentage of Own Tax Revenue to Total Tax Revenue of this state is least during the period 2014-15 to 2017-18? |
| A. | 2014-15 |
| B. | 2015-16 |
| C. | 2016-17 |
| D. | 2017-18 |
| Answer» C. 2016-17 | |
| 1435. |
Duopoly is the special case of which type of market structure? |
| A. | Oligopoly |
| B. | Imperfect Competition |
| C. | Monopsony |
| D. | Monopoly |
| Answer» B. Imperfect Competition | |
| 1436. |
______ deal(s) with the taxation and expenditure decisions of the Government. |
| A. | Monetary Policy |
| B. | Labour Market Policies |
| C. | Trade Policy |
| D. | Fiscal Policy |
| Answer» E. | |
| 1437. |
In a closed economy with no taxes, if the marginal propensity to consume is always 0.90, then the value of the multiplier will be |
| A. | 10.00 |
| B. | 1.00 |
| C. | 0.90 |
| D. | 0.10 |
| Answer» B. 1.00 | |
| 1438. |
According to the Economic Survey 2011-12, Agriculture and allied activities, accounted for what percentage of the Gross Domestic Product? |
| A. | 13% |
| B. | 14.5% |
| C. | 15.2% |
| D. | 16.3% |
| Answer» C. 15.2% | |
| 1439. |
One criticism of Rostow's theory of economic growth is that: |
| A. | Much available data contradicts his thesis about the take-off stage |
| B. | There is no explanation of why growth occurs after take-off |
| C. | His hypothesis of the stages of growth is difficult to test empirically |
| D. | All of the above are correct |
| Answer» E. | |
| 1440. |
In the quarter of 2017 following the introduction of demonetisation, cash in the economy declined by __________. |
| A. | 6.80% |
| B. | 9.40% |
| C. | 3.70% |
| D. | 2.50% |
| Answer» C. 3.70% | |
| 1441. |
A 'closed economy' is an economy in which? |
| A. | Money supply is fully controlled |
| B. | Losses are financed |
| C. | Only exports are done |
| D. | Neither exports nor imports are done |
| Answer» E. | |
| 1442. |
Community lands are called as: |
| A. | Common property resource |
| B. | Private property resource |
| C. | Government property resource |
| D. | Non-governmental agency resource |
| Answer» B. Private property resource | |
| 1443. |
How many regulated agricultural mandis are there in Madhya Pradesh? |
| A. | 300-400 |
| B. | 400-500 |
| C. | 500-600 |
| D. | 600-700 |
| Answer» D. 600-700 | |
| 1444. |
In which of the following place, the construction of country's first Indian Institute of Skills (IIS) has started? |
| A. | Lucknow |
| B. | Banglore |
| C. | Kanpur |
| D. | Mumbai |
| Answer» D. Mumbai | |
| 1445. |
According to Budget announcement 2018-19 what will be the salary of Asha Sahyogini in Rajasthan? |
| A. | Rs. 1,850 |
| B. | Rs. 2,000 |
| C. | Rs. 2,500 |
| D. | Rs. 2,200 |
| Answer» D. Rs. 2,200 | |
| 1446. |
Gini Coefficient or Gini Ratio can be associated with which one of the following measurements in an economy? |
| A. | Rate of inflation |
| B. | Poverty index |
| C. | Income inequality |
| D. | Personal income |
| Answer» D. Personal income | |
| 1447. |
Census 2011, was the _______ Census of India and _____ Census after Independence. |
| A. | 10th, 2th |
| B. | 11th, 3th |
| C. | 15th, 7th |
| D. | 13th, 5th |
| Answer» D. 13th, 5th | |
| 1448. |
According to the latest reports which state has the highest percentage of people living below the poverty line in India? |
| A. | Uttarakhand |
| B. | Odisha |
| C. | Jharkhand |
| D. | Chhattisgarh |
| Answer» E. | |
| 1449. |
As per the projection of Union Budget 2019-20, Indian economy is set to become a ________ trillion dollar economy in the financial year 2019-20. |
| A. | two |
| B. | three |
| C. | five |
| D. | four |
| Answer» C. five | |
| 1450. |
Match List - I with List - II and select the correct answer from the codes given below the lists : List – I (Scheme) List – II (Launching Year) A. P.M. Jan Arogya Abhiyan 1. 2015 B. P.M. Vaya Vandan Yojana 2. 2018 C. P.M. Rojgar Protsahan Yojana 3. 2017 D. Swachh Bharat Abhiyan 4. 2014 |
| A. | 2, B) 3, C) 1, D) 4 |
| B. | 1, B) 2, C) 3, D) 4 |
| C. | 2, B) 3, C) 4, D) 1 |
| D. | 2, B) 4, C) 3, D) 1 |
| Answer» B. 1, B) 2, C) 3, D) 4 | |