Top 50 Economics MCQS part:3


1) WHAT IS INDIA’S RANK IN THE GLOBAL TRAVEL AND TOURISM DEVELOPMENT INDEX (TTDI) 2021 ?

(a) 45th

(b) 54th

(c) 68th

(d) 74th 

Ans)(b) 54th

2) IN AN INFLATIONARY TREND, THE PRICING OF THE BANK PRODUCTS ARE :

(a) At increasing trend

(b) At decreasing trend

(c) No relevance of Inflation

(d) Constant

Ans)(a) At increasing trend

3) 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

4) WHICH AMONG THE FOLLOWING IS AN EXAMPLE OF GREEN FIELD INVESTMENT ?

(a) Investment made by a real estate company in agriculture land to develop it later when the land prices increase

(b) Investment made by a company in a new factory complex in a remote land of the country where there was no facilities

(c) Investment made by a company to clean up a cement factory located in populated area because of its pollution and using it for a commercial office purpose

(d) Investment made by a company to clean up a cement factory located in populated area because of its pollution and using it for a residential purpose

Ans)(b) Investment made by a company in a new factory complex in a remote land of the country where there was no facilities

5) WHICH OF THE FOLLOWING FINANCIAL MARKET TACTICS IN INDIA IS PURPOSELY DESIGNED TO DECEIVE NAIVE INVESTORS BY GENERATING ENORMOUS COUNTERFEIT VOLUMES ?

(a) Dividend Stripping

(b) Intra-Day Trading

(c) Forward Trading

(d) Circular Trading

Ans)(d) Circular Trading

6) THE STOCK MARKET DEALS IN _______?

(a) Only short term securities

(b) Only Long term securities

(c) Both short term and long term securities

(d) Only secured bonds

Ans)(b) Only Long term securities

7) 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

8) 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

9) WHICH AMONG THE FOLLOWING HAS NEVER BEEN AN AGENDA OF FINANCIAL SECTOR REFORMS IN INDIA ?

(a) Providing easy credit to all citizens with subsidies guaranteed

(b) Deregulation of the interest rate regime

(c) Enabling regulatory framework for effective supervision

(d) Strengthening the Disclosure norms

Ans)(a) Providing easy credit to all citizens with subsidies guaranteed

10) ECONOMIC PLANNING COMES UNDER WHICH OF THE FOLLOWING LISTS ?

(a) Union List

(b) Concurrent list

(c) State List

(d) None of them

Ans)(b) Concurrent list

11) WHICH OF THE FOLLOWING WAS TARGET IN INTEGRATED ACTION PLAN (IAP) ?

(a) Drought

(b) Terrorism

(c) Left Wing Extremism

(d) Widespread Poverty

Ans)(c) Left Wing Extremism

12) WHICH OF THE FOLLOWING TYPES OF ECONOMIC PLANNING IS A FEATURE OF MIXED ECONOMY ?

(a) Indicative Planning

(b) Comprehensive Planning

(c) Imperative Planning

(d) Perspective Planning

Ans)(a) Indicative Planning

13) WHICH OF THE FOLLOWING ARE INCLUDED IN THE FOREX OF INDIA ?

(a) Foreign Currency Assets

(b) SDRs

(c) Reserve Position in the IMF

(d) All of the above

Ans)(d) All of the above

14) IN WHICH OF THE FOLLOWING SESSIONS OF INDIAN NATIONAL CONGRESS, IT WAS STATED BY CONGRESS THAT THE OBJECT OF THE PLANNING IN THE COUNTRY HAS TO BE “SOCIALIST PATTERN” AND NOT ABSOLUTE “SOCIALISM”, THUS PAVING THE WAY FOR A MIXED ECONOMY IN INDIA ?

(a) 1953 Hyderabad Session

(b) 1954 Kalyani Session

(c) 1955 Avadi Session

(d) 1956 Amritsar Session

Ans)(c) 1955 Avadi Session

15) IN WHAT FORM, THE BANKS ARE REQUIRED TO MAINTAIN DEPOSITS WITH RBI UNDER CRR ?

(a) Cash

(b) Government Securities

(c) Gold

(d) All of the above

Ans)(a) Cash

16) WHICH OF THE FOLLOWING WOULD ‘TIGHTEN’ THE LIQUIDITY SITUATION OF BANKS ?

(a) Increased sales of government securities to individuals or institutions who pay for them from their bank

(b) Regulations requiring the banks to maintain positive end-of-day balances with the Bank of England

(c) Both 1 and 2

(d) Lower levels of taxation and reductions in tax receipts to the Treasury

Ans)(c) Both 1 and 2

17) NABARD, WHICH IS SET UP TO PROVIDE LOANS FOR RURAL DEVELOPMENT, BELONGS TO WHICH OF THE FOLLOWING CATEGORIES ?

(a) Bank

(b) Board

(c) Block

(d) Department

Ans)(a) Bank

18) WHO IS THE AUTHOR “THE THEORY OF ECONOMIC GROWTH” ?

(a) Gary Becker

(b) Mark Skousen

(c) Israel Kirzner

(d) W Arthur Lewis

Ans)(d) W Arthur Lewis

19) WHO IS THE FOUNDER OF MADRAS SCHOOL OF ECONOMICS ?

(a) Dr.Manmohan Singh

(b) Dr.P.C.Mahalonibis

(c) Dr.Raja Chelliah

(d) Dr.C.Rangarajan

Ans)(c) Dr.Raja Chelliah

20) WHICH IS MAJOR CAUSE OF THE POOR DEVELOPMENT OF INDIA ?

(a) High Population

(b) Less Exports

(c) Market Imperfections

(d) Poor infrastructure

Ans)(a) High Population

21) WHICH AMONG THE FOLLOWING IS MOST IMPORTANT FOR AGRICULTURAL PRODUCTIVITY ?

(a) Irrigation

(b) Rainfall

(c) Seeds

(d) Fertilizers

Ans)(c) Seeds

22) WHAT IS THE COLOR OF THE CERTIFICATE ISSUED FOR A BREEDER CERTIFICATE ?

(a) Red

(b) Green 

(c) White 

(d) Blue 

Ans)(c) White 

23) HOW MUCH PHOSPHATIC FERTILIZER NEED IS MET BY THE DOMESTIC PRODUCTION ?

(a) 70%

(b) 50%

(c) 40%

(d) 60%

Ans)(b) 50%

24) WHICH STATE HAS THE LARGEST MANGROVE FOREST IN INDIA ?

(a) Arunachal pradesh

(b) West Bengal

(c) Andhra Pradesh

(d) Kerala

Ans)(b) West Bengal

25) IN WHICH YEAR THE FIRST MODERN JUTE MILL ESTABLISHED?

(a) 1867

(b) 1855

(c) 1893

(d) 1857

Ans)(b) 1855

26) WHAT IS THE FREQUENCY OF WPI ?

(a) Weekly

(b) Monthly

(c) Yearly

(d) Bi monthly

Ans)(b) Monthly

27) HOW MANY CEMENT CLUSTERS ARE THERE IN INDIA?

(a) 3

(b) 5

(c) 7

(d) 9

Ans)(c) 7

28) 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

29) WHAT IS THE FDI ALLOWED FOR URBAN INFRASTRUCTURE ?

(a) 49

(b) 100

(c) 74

(d) 51

Ans)(b) 100

30) WHAT IS THE MAIN AIM OF POWERTEX INDIA ?

(a) To supply power to Industries at free of cost

(b) To provide incentives to power supply companies

(c) To empower the self-help groups in textiles

(d) To provide Financial assistance to economically weaker low end power loom units.

Ans)(d) To provide Financial assistance to economically weaker low end power loom units.

31) WHAT IS INDIA’S RANK IN THE MICA PRODUCTION IN THE WORLD ?

(a) 2

(b) 1

(c) 4

(d) 3

Ans)(b) 1

32) WHAT IS THE SHARE OF GENERIC MEDICINES IN INDIAN PHARMA MARKET ?

(a) 70%

(b) 60%

(c) 50%

(d) 75%

Ans)(a) 70%

33) NATIONAL FOOD SECURITY ACT PROVIDES LEGAL FOOD SECURITY TO WHAT FRACTION OF INDIAN POPULATION ?

(a) 35%

(b) 50%

(c) 67%

(d) 78%

Ans)(c) 67%

34) WHICH STATE HAS RECENTLY COME OUT WITH A ‘CARAVAN TOURISM’ POLICY ?

(a) Andhra Pradesh

(b) Tamil Nadu

(c) Uttar Pradesh

(d) Maharashtra

Ans)(d) Maharashtra

35) HOW MANY MEMBERS ARE PART OF THE RAILWAY BOARD ?

(a) 3

(b) 5

(c) 4

(d) 7

Ans)(d) 7

36) WHICH IS THE LONGEST RAILWAY TUNNEL IN INDIA ?

(a) Pir Panjal Tunnel

(b) Sagaldan Tunnel

(c) Parsik Tunnel

(d) Budhni Tunnel

Ans)(a) Pir Panjal Tunnel

37) WHICH AMONG THE FOLLOWING IS THE LARGEST INLAND WATERWAY IN INDIA ?

(a) Dhubri to Sadiya

(b) Prayagraj to Haldia

(c) Kakinada to Pondichery

(d) Kollam to Kottapuram

Ans)(b) Prayagraj to Haldia

38) WHICH COUNTRY IS THE LARGEST PRODUCER OF HYDROELECTRICITY IN THE WORLD ?

(a) Russia

(b) USA

(c) China

(d) India

Ans)(c) China

39) WHICH OF THE FOLLOWING IS CALLED THE DEMAND FOR COMPLEMENTARY GOODS ?

(a) Joint demand

(b) Derived demand

(c) Direct demand

(d) Cross demand

Ans)(a) Joint demand

40) EXPENDITURE ON ADVERTISING AND PUBLIC RELATIONS BY AN ENTERPRISE IS A PART OF WHICH OF THE FOLLOWING ?

(a) consumption of fixed capital

(b) final consumption expenditure

(c) intermediate consumption

(d) fixed capital

Ans)(c) intermediate consumption

41) WHAT IS THE PERCENTAGE OF FDI ALLOWED OIL EXPLORATION IN INDIA ?

(a) 25%

(b) 51%

(c) 49%

(d) 100%

Ans)(d) 100%

42) WHAT IS MEANT BY THE LAW OF INCREASING RETURNS ?

(a) increasing cost

(b) Decreasing cost

(c) increasing production

(d) increasing income

Ans)(b) Decreasing cost

43) WHICH OF THE FOLLOWING IS A CHARACTERISTIC OF KINKED DEMAND CURVE ?

(a) Monopoly

(b) Oligopoly

(c) Monopsony

(d) Duopoly

Ans)(b) Oligopoly

44) A PROPOSAL WHICH SEEKS TO REDUCE THE QUANTITY OF DEMAND SUBMITTED BY THE GOVERNMENT TO RS. 1/ KNOWN AS____

(a) Disapproval of policy Cut

(b) Token cut

(c) Economy cut

(d) Vote on account

Ans)(a) Disapproval of policy Cut

45) WHAT IS MEANT BY DISPOSABLE PERSONAL INCOME ?

(a) Personal Income + Subsidies

(b) Personal Income – Subsidies

(c) Personal Income – Direct Taxes

(d) Personal Income – Indirect Taxes

Ans)(c) Personal Income – Direct Taxes

46) HIMAYAT IS A TRAINING CUM PLACEMENT PROGRAM FOR UNEMPLOYED YOUTH OF WHICH STATE ?

(a) Haryana

(b) Punjab

(c) Jammu and Kashmir

(d) Himachal Pradesh

Ans)(c) Jammu and Kashmir

47) WHAT IS THE ‘SLACK SEASON’ IN THE INDIAN ECONOMY ?

(a) March-April

(b) September-December

(c) January-June

(d) February-April

Ans)(c) January-June

48) WHICH IS AN INDIRECT TAX ?

(a) Capital Gains Tax

(b) Excise Duty

(c) Wealth Tax

(d) Estate Duty

Ans)(b) Excise Duty

49) WHICH IS AN APEX INSTITUTION IN THE FIELD OF AGRICULTURAL CREDIT IN INDIA ?

(a) NABARD (National Bank for Agriculture and Rural Development)

(b) SIDBI (Small Industries Development Bank of India)

(c) EXIM Bank

(d) NAFED (National Agricultural Cooperative Marketing Federation of India Ltd.)

Ans)(a) NABARD (National Bank for Agriculture and Rural Development)

50) WHICH OF THE FOLLOWING IS/ARE IMPORTANT DETERMINANTS OF A NATIONAL CURRENCY TO BE ACCEPTED AS INTERNATIONAL CURRENCY ?

(a) High value vis-a-vis other currencies

(b) Stability of the value

(c) Not freely convertible

(d) None of the above

Ans)(b) Stability of the value



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