Economy - Multiple Choice Questions (MCQs) – Page 8

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Recent MCQs

Consider the following statements and select the correct answer from the code given below:

Assertion (A): Devaluation of a currency may promote export.
Reason (R): Price of the country’s products in the international market may fall due to devaluation.

Code:

  1. Both A and R are correct and R is the correct explanation of A
  2. Both A and Rare correct but R is not the correct explanation of A
  3. A is correct but R is wrong
  4. A is wrong but R is correct
Economy

Who among the following was the Chairman of the First Finance Commission of India ?

  1. Shri. Santhanam
  2. Shri. K. C. Neogy
  3. Dr. Raj Mannar
  4. Shri. A. K. Chanda
Economy

Which among the following is NOT a major factors of economic growth ?

  1. Accumulation of capital and reforms in technology
  2. Change in population
  3. Division of labour in specialised activities
  4. Technocrats and Bureaucrats
Economy

Which among the following organisations are responsible for canalising export and import of India?

I. Mineral and Metal Trading Corporation
II. Exim Bank
III. State Trading Corporation
IV. Food Corporation of India

Select the correct answer from the code given below:

Code:

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

Which of the following committee had examined the issue of full convertibility of Indian rupees?

  1. Baghul committee
  2. Rangarajan committee
  3. Tarapore committee II
  4. Hashim committee
Economy

Who authored the book "The Challenge of World Poverty"?

  1. Adam Smith
  2. Amartya Sen
  3. Gunnar Myrdal
  4. Jean Dreze
Economy

Name the Governor of Reserve Bank of India who also became Finance Minister.

  1. H.M. Patel
  2. C.D. Desmukh
  3. Subramaniam
  4. Sachin Chaudhari
Economy

Open-market operations of Reserve Bank of India refer to

  1. trading in securities
  2. auctioning of Foreign Exchange
  3. transaction in gold
  4. none of the above
Economy

Which one of the following banks is under the control of the Reserve Bank of India?

  1. Exim Bank
  2. IDBI
  3. NABARD
  4. Central bank of India
Economy

Since the advent of Planning era in India, the share of agriculture sector in GDP has:

  1. continued to decline
  2. continued to rise
  3. first increased and the declined
  4. first declined and them increased
Economy

The Devaluation is:

  1. Reduction of prices
  2. Deficit financing
  3. Loans from World Bank and I.M.F.
  4. Reduction in the value of currency in terms of gold
Economy

Balance of Payment includes

  1. Visible Trade
  2. Invisible Trade
  3. Debts
  4. All the above
Economy

Which one of the following irrelevant?

  1. Sensex
  2. BSE
  3. Nifty
  4. SAPS
Economy

The "gilt-edged" market deals in:

  1. Worn and torn currency notes
  2. Bullion
  3. Govt. securities
  4. Corporate bonds
Economy

Arrange the following Committees formed for small scale sector in a chronological order and select the correct answer from the codes given below:

I. Nayak Committee
II. Abid Hussain Committee
III. S.S. Kohli Committee
IV. Karve Committee

Codes:

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

Which bank has been established in China by BRICS countries?

  1. New Industrial Development Bank
  2. New Agricultural Development Bank
  3. New Development Bank
  4. New Commercial Bank
Economy

Which of the following is an indirect tax?

  1. Sales tax
  2. Income tax
  3. Excise duty
  4. Toll tax
Economy

The concept of 'Marginal Man' was propounded by:

  1. Robert E. Park
  2. Robert Redfield
  3. Louis Wirth
  4. Louis Dumont
Economy

Which of the following statement(s) is/are correct about "Make in India" Programme ?

1. Make in India’ Programme was launched in the year 2014.
2. It aims to encouraging companies for manufacturing in India and facilitating investment.

Select the correct answer from the code given below.
Code:

  1. Neither 1 nor 2
  2. Both 1 and 2
  3. Only 2
  4. Only 1
Economy

Out of the following groups with which group India's import trade is highest:

  1. OECD
  2. OPEC
  3. Eastern Europe
  4. Developing Countries
Economy

Market in gilt-edged is related to trade in:

  1. Metals
  2. Debentures
  3. Government Securities
  4. Arms
Economy

Consider the following statements:

1. The crop insurance scheme in India was started in the year 1985.
2. The total number of agroclimatic zone in U.P. is 9.
3. Food for work programme was started in the year 1977.
4. Blue resolution is concerned with production of mustard.

Of these statements:

  1. only 1 and 2 are correct
  2. only 2 and 3 are correct
  3. only 3 and 4 are correct
  4. only 1, 2 and 3 are correct
Economy

The concept of 'Vicious Circle of Poverty' is related to:

  1. Karl Marx
  2. Nurkse
  3. Adam Smith
  4. None of the above
Economy

A labour intensive industry is one that

  1. Requires hard manual labour
  2. Pays adequate wages to the labour
  3. Employs more hands
  4. Provides facilities to labour
Economy