Top 50 Economics MCQS part:6


1) THE CONCEPT OF WEAKER SECTIONS UNDER ‘PRIORITY SECTOR’ WAS INTRODUCED ON THE RECOMMENDATION OF WHICH OF THE FOLLOWING COMMITTEES ?

(a) Krishnaswami Committee

(b) Varshney Committee

(c) Gadgil Committee

(d) Abid Hussain Committee 

Ans)(a) Krishnaswami Committee

2) WHICH AMONG THE FOLLOWING IS THE MAIN FUNCTION OF AGRICULTURAL FINANCE CORPORATION LIMITED ?

(a) consultancy services in the field of agriculture

(b) social service organization

(c) Agricultural commodities exchange

(d) Agricultural cooperative society

Ans)(a) consultancy services in the field of agriculture

3) WHICH AMONG THE FOLLOWING WAS CHOSEN AS A UNIT OF DEVELOPING BANKING INFRASTRUCTURE IN THE LEAD BANK SCHEME ?

(a) Town

(b) Village

(c) District

(d) Panchayat

Ans)(c) District

4) WHICH AMONG THE FOLLOWING IS CONSIDERED AS AN IMPORTANT POWER OF WORLD BANK ?

(a) World Bank has right to insist on pegged parities

(b) World Bank has right to float Bonds and use the proceeds for loans

(c) World Bank has right to buy gold below current Gold prices

(d) All are correct

Ans)(b) World Bank has right to float Bonds and use the proceeds for loans

5) 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

6) WHAT IS THE NUMBER OF INDICATORS IN MULTI-DIMENSIONAL POVERTY INDEX (MPI) ?

(a) 6

(b) 8

(c) 10

(d) 12

Ans)(c) 10

7) HOW MANY BANKS ARE PROMOTING THE NATIONAL PAYMENTS CORPORATION OF INDIA (NPCI)?

(a) 6

(b) 8

(c) 10

(d) 12

Ans)(c) 10

8) WHAT IS THE PRIMARY INDUSTRY IN THE MIDDLE EAST AND NORTH AFRICA (MENA) REGION ?

(a) Manufacturing

(b) Petroleum

(c) Mines and Minerals

(d) Tourism & Hospitality

Ans)(b) Petroleum

9) WHICH AMONG THE FOLLOWING WAS NOT STIPULATED IN THE FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT 2003 ?

(a) Elimination of revenue deficit

(b) Elimination of primay deficit

(c) Non-borrowing by the central government from RBI except in certain situations

(d) Fixing government guarantees in any financial year as a percentage of GDP

Ans)(b) Elimination of primay deficit

10) 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

11) THE PROPOSED WHOLESALE & LONG-TERM FINANCE BANKS (WLTF):

1. cannot accept saving deposits

2. will raise fund by issuing rupee denominated bonds, locally as well as in abroad

3. require to maintain 40 percent of their branches in rural areas

Which of the above statements is/are correct?

(a) Only 1 & 2

(b) Only 2 & 3

(c) Only 1 & 3

(d) 1, 2 & 3

Ans)(a) Only 1 & 2

12) WHICH STATE IN INDIA IS THE LARGEST PRODUCER OF SALT ?

(a) Kerala

(b) Andhra Pradesh

(c) Gujarat

(d) Maharashtra

Ans)(c) Gujarat

13) SIDO IS ASSOCIATED WITH WHICH OF THE FOLLOWING INDUSTRIES ?

(a) Small industry

(b) Iron industry

(c) Steel industry

(d) Soap industry

Ans)(a) Small industry

14) WHAT IS THE MINIMUM LIMIT OF CRR THAT CAN BE SET BY THE RBI ?

(a) No Limit

(b) 12%

(c) 15%

(d) 20%

Ans)(a) No Limit

15) WHO AMONG THE FOLLOWING ARE FAVOURED BY THE PRICE RISE ?

(a) Debtors

(b) Pensioners

(c) Businessmen

(d) Government servants

Ans)(a) Debtors

16) AMONG THE SOURCES OF ENERGY LISTED BELOW WHICH ONE IS NON-CONVENTIONAL IN PRESENT DAY RURAL INDIA ?

(a) Fuel wood

(b) Cow-dung cake

(c) Biogas

(d) Hydel

Ans)(c) Biogas

17) WHEN IS THE NATIONAL TOURISM DAY CELEBRATED ACROSS THE COUNTRY ?

(a) January 23

(b) January 24

(c) January 25

(d) January 26

Ans)(c) January 25

18) REAL NATIONAL INCOME INCREASES IN WHICH OF THE FOLLOWING CIRCUMSTANCES ?

(a) When Prices of goods increases

(b) When saving of people increases

(c) When Inflation increases prices and taxes

(d) When the production of goods and services increases

Ans)(d) When the production of goods and services increases

19) WHICH COUNTRY DOES ECONOMIST DAMBISA MOYO BELONG TO ?

(a) Zambia

(b) Namibia

(c) Africa

(d) None of the above

Ans)(a) Zambia

20) WHICH OF THE FOLLOWING REPORTS / INDICES IS / ARE PUBLISHED BY NITI AAYOG ?

1. Handbook of State Statistics

2.Composite Water Management Index

3.SDG India index

Select the correct option from the codes given below:

(a) Only 1 & 2

(b) Only 2 & 3

(c) Only 1 & 3

(d) 1, 2 & 3

Ans)(c) Only 1 & 3

21) WHICH ORGANIZATION IN CHARGE FOR THE PROMOTION OF ENGINEERING GOODS AND CAPITAL GOODS ?

(a) Capital goods promotion council

(b) EEPC

(c) Minsitry of commerce and Industry

(d) None of the above

Ans)(b) EEPC

22) WHEN WAS REAL ESTATE (REGULATION AND DEVELOPMENT) ACT (RERA) PASSED ?

(a) 2015

(b) 2016

(c) 2017

(d) 2019

Ans)(b) 2016

23) WHICH STATE DOES KOTPAD HANDLOOM FABRIC BELONGS TO ?

(a) Odisha

(b) Karnataka

(c) Andhra Pradesh

(d) Kerala

Ans)(a) Odisha

24) WHAT IS THE RANK OF INDIAN MUSIC INDUSTRY IN TERMS OF REVENUE IN THE WORLD ?

(a) 10

(b) 15

(c) 17

(d) 9

Ans)(b) 15

25) WHICH COUNTRY HAS THE LARGEST RETAIL SPACE IN THE WORLD ?

(a) India

(b) China

(c) USA

(d) None of the above

Ans)(c) USA

26) WHAT IS THE PERCENTAGE OF PRIVATE-SECTOR R&D INSTITUTIONS AMONG THE TOTAL R& D INSTITUTIONS ?

(a) 63%

(b) 31%

(c) 28%

(d) 54%

Ans)(a) 63%

27) WHO MANAGES THE GOVERNMENT SECURITIES IN INDIA ?

(a) RBI

(b) SEBI

(c) Ministry of Finance

(d) None of the above

Ans)(a) RBI

28) WHICH AMONG THE FOLLOWING DENOTED M3 IN THE MONEY AGGREGATES ?

(a) Currency with the public + Demand Deposits of public in Banks

(b) M1 + Post Office Savings

(c) Narrow money + Time Deposits of public with banks

(d) none of the above

Ans)(c) Narrow money + Time Deposits of public with banks

29) WHICH AMONG THE FOLLOWING COMES UNDER QIPS ?

1. Venture capitals

2. Mutual Funds

3. Public finance insitutions

Choose the correct option from the choices given below:

(a) 1,2 and 3 only

(b) 2 only

(c) 3 only

(d) None

Ans)(a) 1,2 and 3 only

30) WHICH AMONG THE FOLLOWING ARE TYPES OF MUTUAL FUNDS ?

1. Open Ended funds

2. Closed Ended funds

3. Share market funds

choose the correct option from the choices given below:

(a) 1 and 3 only

(b) 1 and 2 only

(c) 2 and 3 only

(d) 3 only

Ans)(b) 1 and 2 only

31) WHEN WAS THE CENTRAL INSTITUTE OF PLASTIC ENGINEERING AND TECHNOLOGY SETUP ?

(a) 1968

(b) 1970

(c) 1965

(d) 1960

Ans)(a) 1968

32) WHICH IS THE MOST EXPORTED FERTILIZER FROM INDIA ?

(a) Urea

(b) Potash

(c) Nitrogen fertilizer

(d) None of the baove

Ans)(a) Urea

33) WHICH OF THE FOLLOWING IS A PERMANENT MEMBER OF WASHINGTON ACCORD ?

1. India

2. Japan

3. China

4. Australia

Choose the correct option from the codes given below:

(a)1 and 3 only

(b) 1,2 and 4 only

(c) 2 and 4 only

(d) All of the above

Ans)(d) All of the above

34) WHAT IS THE FDI ALLOWED FOR URBAN INFRASTRUCTURE ?

(a) 49

(b) 100

(c) 80

(d) 75

Ans)(b) 100

35) WHEN WAS SUGAR DEVELOPMENT FUND CREATED ?

(a) 1988

(b) 1987

(c) 1984

(d) 1982

Ans)(d) 1982

36) WHICH DAY IS CELEBRATED AS INTERNATIONAL LABOUR DAY ?

(a) 10 May

(b) 9 May

(c) 1 May

(d) 15 May

Ans)(a) 10 May

37) WHAT IS TARGET EXPENDITURE ON EDUCATION UNDER NATIONAL EDUCATION POLICY 2020 ?

(a) 4% of GDP

(b) 6% of GDP

(c) 1.5% of GDP

(d)  3% of GDP

Ans)(b) 6% of GDP

38) WHAT IS THE REVERSE REPO RATE ?

(a) Rate at which RBI buys securities from market

(b) Rate at which banks buys securities from market

(c) Rate at which RBI sells securities in market

(d) Rate at which banks sellssecurities from market

Ans)(c) Rate at which RBI sells securities in market

39) WHAT IS THE MINIMUM NETWORTH OF THE SPONSOR OF AN INFRASTRUCTURE INVESTMENTTRUST ?

(a) Rs 100 crores

(b) Rs 200 crores

(c) Rs 250 crores

(d) Rs 150 crores

Ans)(a) Rs 100 crores

40) IN TERMS OF MICRO-ECONOMICS, COMPARATIVE ADVANTAGE IS BASED ON WHICH OF THE FOLLOWING ?

(a) dollar price

(b) labor cost

(c) opportunity cost

(d) capital cost

Ans)(c) opportunity cost

41) IN WHICH SHIPYARD INDIA’S INDIGENOUS AIRCRAFT CARRIER INS VIKRANT IS BEING BUILT ?

(a) Cochin Shipyard

(b) Hindustan Shipyard

(c) Chennai Shipyard

(d) Goa Shipyard

Ans)(a) Cochin Shipyard

42) WHICH AMONG THE FOLLOWING HYDROPOWER PLANT IS BUILT OVER THE PERIYAR RIVER ?

(a) Konya Hydropower plant

(b) Idukki Hydropower plant

(c) Indira Gandhi Hydropower plant

(d) Govindsagar Hydropower plant

Ans)(b) Idukki Hydropower plant

43) WHAT IS THE NAME OF THE PORTAL LAUNCHED BY THE LABOUR MINISTRY TO MAINTAIN A DATABASE OF 38 CRORE WORKERS IN THE UNORGANISED SECTOR ?

(a) Madad Portal

(b) Shram Suvidha Portal

(c) SAMADHAN Portal

(d) e-SHRAM Portal

Ans)(d) e-SHRAM Portal

44) ANY FACTOR OF PRODUCTION CAN EARN AN ECONOMIC RENT WHEN ITS SUPPLY IS ____

(a) Perfectly elastic

(b) Perfectly inelastic

(c) Elastic in nature

(d) All of the above

Ans)(b) Perfectly inelastic

45) UNDER WHAT CONDITIONS DO WAGES AND PRICES FOLLOW EACH OTHER VERY RAPIDLY ?

(a) Disinflation

(b) Reflation

(c) Stagflation

(d) Hyper-inflation

Ans)(d) Hyper-inflation

46) WHAT DOES THE ‘PRIORITY SECTOR’ FOR COMMERCIAL BANK LENDING INDICATE ?

(a) Self-employed

(b) Agriculture and Small scale industries

(c) Small industrialists

(d) Small farmers

Ans)(b) Agriculture and Small scale industries

47) WHICH TYPES OF FOREIGN INVESTMENTS ARE CONSIDERED UNSAFE ?

(a) Foreign Direct Investment (FDI)

(b) Portfolio Investment

(c) NRI deposits

(d) External commercial borrowing

Ans)(b) Portfolio Investment

48) WHICH OF THE FOLLOWING BEST DEFINES FREE TRADE ?

(a) Imports are discouraged

(b) There are no restrictions on exports and imports

(c) There are no duties levied on export

(d) Imported goods are made duty free

Ans)(b) There are no restrictions on exports and imports

49) DEVELOPMENT THAT MEETS THE NEEDS OF THE PRESENT, WITHOUT COMPROMISING THE ABILITY OF FUTURE GENERATIONS TO MEET THEIR OWN NEEDS WAS THE FOCAL POINT OF THE BRUNDTLAND COMMISSION IS____

(a) sustainable development

(b) mitigation

(c) disaster management

(d) capacity building

Ans)(a) sustainable development

50) WHICH OF THE FOLLOWING FIVE YEAR PLANS OF INDIA RECOGNIZED HUMAN DEVELOPMENT AS THE CORE OF DEVELOPMENT EFFORTS ?

(a) Eighth five-year plan

(b) Ninth five-year plan

(c) Tenth five-year plan

(d) Eleventh five year plan

Ans)(a) Eighth five-year plan




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