Top 50 Economics MCQS part 5


1) SHANKAR-6 OR SANKAR-6 IS A VARIETY OF WHICH OF THE FOLLOWING COMMODITIES ?

(a) Mustard

(b) Cotton

(c) Groundnut

(d) Soyabean 

Ans)(b) Cotton

2) WHICH OF THE FOLLOWING INDUSTRIES IS THE NOT COVERED IN THE INDEX OF EIGHT CORE INDUSTRIES ?

(a) Electricity

(b) Crude Oil

(c) Natural Gas

(d) Pharmaceuticals

Ans)(d) Pharmaceuticals

3) WHICH AMONG THE FOLLOWING HELPS TO SOLVE THE BALANCE OF PAYMENTS PROBLEM OF MEMBER COUNTRIES ?

(a) World Bank

(b) International Development Fund

(c) Asian Development Bank

(d) World Economic Forum

Ans)(b) International Development Fund

4) WHICH AMONG THE FOLLOWING PHRASES GENERALLY DENOTES NATIONAL INCOME ?

(a) Gross National Product at Market Prices

(b) Net National Product at Market Prices

(c) Gross National Product at Factor Cost

(d) Net National Product at Factor Cost

Ans)(d) Net National Product at Factor Cost

5) WHY COMMERCIAL BANKS ARE CALLED CREATORS OF MONEY ?

(a) because they buy securities from the central government

(b) because the loans create deposits

(c) because they distribute the money in the system

(d) because they purchase investments

Ans)(b) because the loans create deposits

6) ROUND TRIPPING IS NORMALLY USED IN CONTEXT WITH WHICH OF THE FOLLOWING _____ ?

(a) Capital Markets

(b) Foreign Direct Investments

(c) Cash Deposits

(d) Foreign Remittances

Ans)(b) Foreign Direct Investments

7) WHICH AMONG THE FOLLOWING DOES NOT GO WITH PROGRESSIVE TAXATION ?

(a) ability to pay

(b) administrative convenience

(c) in built stabilizer

(d) will to work and save

Ans)(d) will to work and save

8) WHICH AMONG THE FOLLOWING FACILITY HAS BEEN STARTED IN INDIA FOR REFINANCE ASSISTANCE FOR SMALL IRRIGATION, IRDP, DAIRY DEVELOPMENT AND MECHANISM OF FARMS ?

(a) National Credit Fund

(b) National Rural Credit Fund

(c) National Credit Stabilization Fund

(d) Rural Infrastructural Development Fund

Ans)(d) Rural Infrastructural Development Fund

9) ” INCOME GENERATED FROM TOURISM” CAN BE PLACED IN WHICH AMONG THE FOLLOWING ?

(a) Invisible Import

(b) Invisible Export

(c) Visible Import

(d) Visible Export

Ans)(b) Invisible Export

10) FOR WHICH OF THE FOLLOWING, THE RESERVE BANK OF INDIA HAS STIPULATED A MAXIMUM CAPITAL ADEQUACY REQUIREMENTS IN INDIA ?

(a) Private Sector Banks

(b) Banks that Undertake Insurance Business

(c) Local Area Banks

(d) Scheduled Commercial Banks

Ans)(c) Local Area Banks

11) WHICH AMONG THE FOLLOWING IS A NEAREST TERM TO PAY ORDER ?

(a) Bank Draft

(b) Banker’s Cheque

(c) Bill of Exchange

(d) Promissory Note

Ans)(b) Banker’s Cheque

12) MEASURING OF CORE INFLATION RATE, EXCLUDES COMMODITIES LIKE:

1. FOOD

2. CRUDE OIL

3. PRECIOUS METALS

4. LIVESTOCK AND MEAT

Select the correct option from codes given below:

(a) 1 & 2 Only

(b) 1, 2 & 3 Only

(c) 3 & 4 Only

(d) 1, 2 & 4 Only

Ans)(a) 1 & 2 Only

13) TANK IRRIGATION IS MOST PREDOMINANTLY PRACTICED IN ___ ?

(a) North India

(b) West India

(c) South India

(d) North-East India

Ans)(c) South India

14) WHICH OF THE FOLLOWING ACTIVITIES CAN HELP TO REDUCE THE GOVERNMENT’S BUDGET DEFICIT ?

1. IMPLEMENTATION OF GOODS AND 2. 2. 2.SERVICES TAX (GST)

3.RATIONALIZATION OF SUBSIDIES

4.REDUCTION IN INCOME TAX

Select the correct option from codes given below:

(a) 1 & 2 Only

(b) 3 Only

(c) 2 & 3 Only

(d) 1, 2 & 3

Ans)(a) 1 & 2 Only

15) WHICH OF THE FOLLOWING STEEL PLANTS WAS NOT BUILT DURING THE 2ND FIVE YEAR PLAN ?

(a) Bhilai plant

(b) Salem plant

(c) Rourkela plant

(d) Durgapur plant

Ans)(b) Salem plant

16) MANY DEVELOPING COUNTRIES, WHICH OF THE FOLLOWING ARE THREE MAJOR CAUSES OF DEATH AND DISEASE ?

(a) Lack of safe drinking water, increasing use of pesticides and thinning of the ozone layer

(b) contaminated food, global warming and industrial chloro-fluoro-carbons

(c) polluted air, greenhouse effect and soil erosion

(d) dirty water, contaminated food and polluted air

Ans)(d) dirty water, contaminated food and polluted air

17)WHICH FIVE-YEAR PLAN HAS THE OBJECTIVE OF “FASTER AND MORE INCLUSIVE GROWTH” ?

(a) 10th

(b) 11th

(c)  9th

(d) 12th

Ans)(b) 11th

18) WHICH IRRIGATION SYSTEM CANNOT BE USED FOR GROWING PADDY ?

(a) Sprinkler

(b) Canal

(c) Tank

(d) Well

Ans)(a) Sprinkler

19) WHICH IS THE HIGHEST IMPORTED VEGETABLE OIL FOR INDIA ?

(a) Sunflower

(b) Palm

(c) Soyabean

(d) None of the above

Ans)(b) Palm

20) WHICH ORGANIZATION MAINTAINS BUFFER STOCK IN INDIA ?

(a) FCI

(b) IFFC

(c) FICCI

(d) IBC

Ans)(a) FCI

21) WHICH OF THE FOLLOWING IS THE SECOND MOST IMPORTANT SOURCE AFTER FOSSIL FUELS CONTRIBUTING TO INDIA’S ENERGY NEEDS ?

(a) Hydro power

(b) Solar power

(c) Nuclear power

(d) Wind power

Ans)(a) Hydro power

22) WHERE WAS THE FIRST EXPORT PROCESSING ZONE SET UP IN INDIA ?

(a) Mumbai

(b) Kandla

(c) Kochi

(d) None of the above

Ans)(b) Kandla

23) WHAT IS THE MAXIMUM LOAN GIVEN UNDER MUDRA YOJNA ?

(a) 10 Lakhs

(b) 20 Lakhs

(c) 50 Lakhs

(d) 15 Lakhs

Ans)(a) 10 Lakhs

24) WHICH IS THE LARGEST CONSUMER GOODS EXPORTING COUNTRY IN THE WORLD ?

(a) China

(b) USA

(c) Japan

(d) Germany

Ans)(a) China

25) WHICH IS THE TOP IMPORTED COMMODITY OF INDIA IN TERMS OF VALUE IN THE GEMS AND JEWELRY SECTOR IN 2019 ?

(a) Rough Diamonds

(b) Gold Bars

(c) Polished diamonds

(d) Silver Bars

Ans)(a) Rough Diamonds

26) WHAT IS THE TOTAL INTITAL CORPUS OF THE AFFORDABLE HOUSING FUND CREATED WITH NHB ?

(a) 3000 crores

(b) 10000 crores

(c) 8000 crores

(d) None of the above

Ans)(b) 10000 crores

27) WHAT IS THE FDI ALLOWED FOR URBAN INFRASTRUCTURE ?

(a) 49

(b) 100

(c) 38

(d) 65

Ans)(b) 100

28) WHICH ONE OF THE FOLLOWING IS THE HIGHEST PRODUCED SILK TYPE IN INDIA ?

(a) Eri

(b) Mulberry

(c) Raw silk

(d) Tasar

Ans)(b) Mulberry

29) WHY WAS EVIDYA LAUNCHED BY THE GOVERNMENT OF INDIA ?

(a) To providing tests for competitive educations

(b) To provide digital education

(c) To provide online courses

(d) None of the above

Ans)(b) To provide digital education

30) WHAT IS THE FDI ALLOWED IN IT-ITES SECTOR BY THE GOVERNMENT OF INDIA ?

(a) 75%

(b) 100%

(c)  51%

(d) 49%

Ans)(b) 100%

31) WHICH AMONG THE FOLLOWING ARE PART OF CHAMPION SECTOR IDENTIFIED BY INDIA?

1.Information technology & information technology enabled services (it& ites)

2. Tourism and hospitality services

3. Medical value travel

4. Transport and logistics services

Choose the correct option from the choices given below:

(a) 1,2 and 3 only

(b) 2,3 and 4 only

(c) 1,2 and 4 only

(d) 1,2,3 and 4

Ans)(d) 1,2,3 and 4

32) WHICH IS THE LONGEST RAILWAY OF THE WORLD ?

(a) Canadian Pacific Railway

(b) Railway connecting Sydney in east with Perth in west

(c) Trans-Siberian Railway

(d) Canadian National Railways

Ans)(c) Trans-Siberian Railway

33) WHICH AMONG THE FOLLOWING ARE THE ACTIVITIES OF DHFI ?

1. Deal with t-bills

2. Re-discounting short term commercial bills

3. Participating in the inner bank call money and term deposits

4. Government dated securities

Choose the correct option from the choice given below:

(a) 1,2 and 3 only

(b) 2 ,3 and 4 only

(c) 1 and 3 onluy

(d) 1,2,3 and 4

Ans)(d) 1,2,3 and 4

34) WHICH INSTITUTION FLOATED RUPEE BONDS FOR THE FIRST TIME IN THE INTERNATIONAL MARKET ?

(a) International finance insitution

(b) World bank

(c) IMF

(d) None

Ans)(a) International finance insitution

35) ENERGY EFFICIENCY SERVICES LIMITED IS UNDER THE MINISTRY OF ?

(a) Ministry of Coal

(b) Ministry of Petroleum and Natural Gas

(c) Ministry of New and Renewable Energy

(d) Ministry of Power

Ans)(d) Ministry of Power

36) IN 1932, J. R. D. TATA FLEW A CONSIGNMENT OF MAIL FROM WHICH CITY TO JUHU AIRPORT ?

(a) Lahore

(b) Karachi

(c) Amritsar

(d) Jalandhar

Ans)(b) Karachi

37) WHICH AMONG THE FOLLOWING IS THE MAIN SOURCE OF REVENUE FOR INDIAN RAILWAYS ?

(a) Freight movement

(b) Passenger movement

(c) Catering Services

(d) Renting Services

Ans)(a) Freight movement

38) WHICH AMONG THE FOLLOWING IS A TIDAL PORT ?

(a) Visakhaptnam

(b) Ennore

(c) Chennai

(d) Kolkata

Ans)(d) Kolkata

39) WHAT IS THE AMOUNT OF COAL PRODUCED BY INDIA IN AN YEAR ?

(a) 728 MMT

(b) 563 MMT

(c) 864 MMT

(d) 934 MMT

Ans)(a) 728 MMT

40) HOW MANY OIL REFINERIES ARE PRESENT IN INDIA ?

(a) 20

(b) 23

(c) 18

(d) 15

Ans)(b) 23

41) WHICH IS THE FIRST PRIVATE AIRLINE IN INDIA TO BE OPERATED AFTER THE 1991 LPG REFORMS ?

(a) Indigo

(b) Air Deccan

(c) East-West

(d) Vistara

Ans)(c) East-West

42) IN THE CASE OF A SUBSTANDARD COMMODITY, THE INCOME ELASTICITY OF DEMAND IS:

(a) Zero

(b) Negative

(c) Infinite

(d) Positive

Ans)(b) Negative

43)  A FREE ENTERPRISE ECONOMY, RESOURCE ALLOCATION IS DETERMINED BY_____

(a) the pattern of consumers’ spending

(b) the wealth of the entrepreneurs

(c) decision of the Government

(d)  the traditional employment of factors

Ans)(a) the pattern of consumers’ spending

44) THE DEMAND CURVE WILL SHIFT FORWARD WHEN:

(a) Price of complementary good falls

(b) Price of substitute goods decreases

(c) Income of the consumer falls

(d) Price of complement good increases

Ans)(a) Price of complementary good falls

45) IN WHICH OF THE FOLLOWING MARKET FORMS, A MARKET OR INDUSTRY IS DOMINATED BY A FEW FIRMS ?

(a) Perfect Competition

(b) Monopoly

(c) Oligopoly

(d) Monopolistic

Ans)(c) Oligopoly

46) WHICH OF THE FOLLOWING SETS IS RELATED TO CENTRAL TAX ?

(a) Excise duty, Sales tax and Customs dut

(b) Excise duty, Customs duty and Income tax

(c) Income tax, Customs duty and House tax

(d) Customs duty, Entertainment tax and Income tax

Ans)(b) Excise duty, Customs duty and Income tax

47) WORLD BANK HEADQUARTERS LOCATED AT:

(a) Switzerland

(b) Washington DC

(c) New York

(d) Paris

Ans)(b) Washington DC

48) WHICH AMONG THE FOLLOWING EFFECTS WILL BE SEEN ON “DEPOSIT RATES” IF RBI TIGHTENS ITS POLICY ?

(a) The deposit rates will increase

(b)  The deposit rates will decrease

(c) The deposit rates will remain unaltered

(d) Either Increase or decrease

Ans)(a) The deposit rates will increase

49) M3 IS THE MOST IMPORTANT COMPONENT AMONG ALL MONEY STOCK MEASURES . WHAT IS THE COMMON NAME OF M3 ?

(a) All money

(b) Total Money

(c) Broad Money

(d) White Money

Ans)(c) Broad Money

50) WHICH AMONG THE FOLLOWING COUNTRY IS WORLD’S LARGEST TEA EXPORTER ?

(a) Sri Lanka

(b) Kenya

(c) India

(d) China

Ans)(a) China



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