Economy - Multiple Choice Questions (MCQs) – Page 5

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Recent MCQs

Which one of the following countries was the first to adopt family planning programme officially?

  1. Brazil
  2. USA
  3. India
  4. China
Economy

The concept of "Navratna" is associated with:

  1. selected categories of technical manpower
  2. selected export-oriented units
  3. selected food-processing industries
  4. selected Public Sector Enterprises
Economy

For regulation of the Insurance Trade in the country the Government has formed:

  1. SEBI
  2. Reserve Bank of India
  3. Insurance Regulatory and Development Authority
  4. General Insurance Corporation
Economy

The Government of India has nationalised 14 banks of the country in:

  1. July, 1969
  2. August, 1971
  3. March, 1981
  4. July, 1991
Economy

Given below are two statements:

Assertion (A): The dividing line between village and town begins to be passed with the presence of traders and manufacturers.
Reason (R): The traders and manufacturers wholly depend on village resources.

In the context of the above, which one of the following is correct?

  1. Both (A) and (R) arc true and (R) is the correct explanation of (A)
  2. Both (A) and (R) arc true, but (R) is not the correct explanation of (A)
  3. (A) is true, but (R) is false
  4. (A) is false, hut (R) is true
Economy

Study the following statement with regard to Reserve Bank of India and select your answer from the code given below:

I. It is the apex bank.
II. It regulates the money supply.
III. It gives loan to the business houses.
IV. It supervises the operations of NABARD.

Code:

  1. I and II
  2. II and IV
  3. I, II and III
  4. I, II and IV
Economy

A company declares dividend on:

  1. Issued Capital
  2. Authorised Capital
  3. Subscribed Capital
  4. Total Employed Capital
Economy

IRDA regulates:

  1. Banking companies
  2. Insurance companies
  3. Retail trades
  4. None of the above
Economy

Which indicators are used, in Human Development Index (HDI)?

1. Income level
2. Education
3. Condition of environment
4. Life expectancy

Select the correct answer from the codes given below:

  1. Only 1, 2 and 3
  2. Only 1 and 4
  3. Only 1, 2 and 4
  4. Only 1 and 2
Economy

Which of the following price index numbers are used for calculation of Central Government employees wage compensation:

  1. Wholesale price index
  2. Consumer price index for industrial workers
  3. Consumer price index for agricultural labourers
  4. None of these
Economy

If interest payment is added to primary deficit, it is equivalent to:

  1. Budget deficit
  2. Fiscal deficit
  3. Deficit financing
  4. Revenue deficit
Economy

Since the start of Planning in India, the total number of years not covered by any five year Plans is:

  1. 6
  2. 7
  3. 5
  4. 4
Economy

Which of the following is/are the type/s of poverty?

(1) Absolute poverty
(2) Relative poverty
(3) Subjective poverty
(4) Functional poverty

Choose the correct answer using the code given below—

  1. Only 1 and 2
  2. Only 3 and 4
  3. Only 1, 2 and 3
  4. Only 1 and 4
Economy

Which of the following fixes the poverty line in India?

  1. Central Council of Ministers
  2. Lok Sabha
  3. Rajya Sabha
  4. Planning Commission (Now Niti Ayog)
Economy

Two largest items of import in India in recent years are:

  1. Petroleum products and food grains
  2. Capital goods and petroleum products
  3. Petroleum products and chemical fertilisers
  4. Gold and petroleum products
Economy

Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R).

Assertion (A): The labour force participation rate failing sharply in the recent years for females in India.
Reason (R): The decline in labour force participation rate is due to the improved family income and increase in education.

Select the correct answer from codes given below:
Codes:

  1. Both (A) and (R) are true and (R) is the correct explanation of (A)
  2. Both (A) and (R) are true and (R) is not the correct explanation of (A)
  3. (A) is true, but (R) is false
  4. (A) is false, but (R) is true
Economy

In deficit financing, the difference between expenditure and revenue is covered by printing new notes. Meaning of this sentence is Economic development. But if it is unsuccessful then the condition arise is known as?

  1. Currency contraction
  2. Demonetization
  3. Currency devaluation
  4. Currency inflation
Economy

Capital Market means

  1. share market
  2. commodity market
  3. money market
  4. all the above
Economy

Which among the following taxes is not shared by the Central Government with UP Government under the Finance Commission award?

  1. Income tax
  2. Excise duty
  3. Custom duty
  4. Agriculture Income Tax
Economy

Invisible Export means export of-

  1. Services
  2. Prohibited goods
  3. Unrecorded goods
  4. Goods through smuggling
Economy

In 1950, India's share in global exports was 1.85 per cent, but today it is:

  1. 0.60 per cent
  2. 1.00 per cent
  3. 2.00 per cent
  4. 2.50 per cent
Economy

Direct Tax Code in India is related to which of the following?

  1. Sales Tax
  2. Income Tax
  3. Excise Tax
  4. Service Tax
Economy

The specific requirements of the 'start-ups' can be fulfilled through:

  1. Angel Investors
  2. Venture capital
  3. Crowdfunding
  4. All the above
Economy

The slogan of "poverty eradication" was given in the five year plan of:

  1. Second five year plan
  2. Fourth five year plan
  3. Fifth five year plan
  4. Sixth five year plan
Economy