Top 50 Economics MCQS part:7


1) FIRST STATE IN INDIA TO LAUNCH A POLICY TO ESTABLISH SPECIAL AGRICULTURE ZONES (SAZS):
 

(a) Uttar Pradesh

(b) Gujarat

(c) Haryana

(d) Uttarakhand

Ans)(d) Uttarakhand

2) HIGHEST PERCENTAGE OF NITROGEN IS FOUND IN WHICH AMONG THE FOLLOWING FERTILIZERS AMONG THE GIVEN OPTIONS ?

(a) Calcium ammonium nitrate

(b) Ammonium nitrate

(c) Calcium nitrate

(d) Urea

Ans)(d) Urea

3) FOR WHICH OF THE COMMODITIES THE UNIT BPD IS USED IN INTERNATIONAL TRADE ?

(a) Meat & Livestock

(b) Precious Metals

(c) Industrial metals

(d) Crude oil

Ans)(d) Crude oil

4) WHO AMONG THE FOLLOWING WAS THE FIRST DEPUTY CHAIRMAN OF THE PLANNING COMMISSION ?

(a) .T. Krishnamachari

(b) C.M. Trivedi

(c) Gulzari Lal Nanda

(d) Ashok Mehta

Ans)(d) Ashok Mehta

5) WHICH OF THE FOLLOWING IS NOT A MEASURE TO CONTROL INFLATION ADOPTED BY THE GOVERNMENT OR RBI ?

(a) Monetary Policy

(b) Fiscal Policy

(c) Financial Inclusion

(d) Price Control

Ans)(c) Financial Inclusion

6) THE AD VALOREM TAX IS APPLIED ON WHICH AMONG THE FOLLOWING ?

(a) The price of commodity

(b) The value added

(c) The advertisement expenditure

(d) The unit of the commodity

Ans)(a) The price of commodity

7) WHAT DO WE CALL AN ARRANGEMENT WHEREBY AN ISSUING BANK AT THE REQUEST OF THE IMPORTER (BUYER) UNDERTAKES TO MAKE PAYMENT TO THE EXPORTER (BENEFICIARY) AGAINST STIPULATED DOCUMENTS ?

(a) Bill of Exchange

(b) Letter of Exchange

(c) Letter of Credit

(d) Bill of Entry

Ans)(c) Letter of Credit

8) THE RESERVE BANK OF INDIA WORKS AS A LENDER OF THE LAST RESORT (LOLR). WHICH AMONG THE FOLLOWING IS THE CORRECT STATEMENT IN THIS CONTEXT ?

(a) RBI meets all the demands of the commercial banks in times of difficulties

(b) RBI meets all the reasonable demands of the commercial banks in times of difficulties 

(c) RBI is the last lender to the Government at the centre and the states

(d) RBI grants loans to the banks and also the Governments in states

Ans)(b) RBI meets all the reasonable demands of the commercial banks in times of difficulties 

9) IN INDIA, TANK IRRIGATION IS MORE COMMON IN WHICH OF THE FOLLOWING REGIONS ?

(a) Rocky plateu regions with uneven and highly seasonal rainfalls

(b) Regions with presence of perennial rivers and plenty of rainfall

(c) Arid and Semi Arid regions with scanty rainfallÂ

(d) Coastal regions with regular rainfallÂ

Ans)(a) Rocky plateu regions with uneven and highly seasonal rainfalls

10) THE CORE WORK OF MUDRA (SIDBI) BANK IS TO:

(a) act as a direct financing channel to MSMEs

(b) undertake refinance operations

(c) help increase high capital intensive start ups in India

(d) facilitate increase in FDI into the Indian MSMEs

Ans)(d) facilitate increase in FDI into the Indian MSMEs

11) THE PORTION OF TOTAL DEPOSITS OF A COMMERCIAL BANK WHICH IT HAS TO KEEP WITH ITSELF IN THE FORM OF LIQUID ASSETS IS CALLED ___ ?

(a) Statutory Liquidity Ratio

(b) Cash Reserve Ratio

(c) Statutory Reserve Ratio

(d) Cash ratio

Ans)(a) Statutory Liquidity Ratio

12) WHICH OF THE FOLLOWING COMMODITIES ARE DIRECTLY AFFECTED BY THE FLUCTUATIONS IN INTERNATIONAL RATES OF THE CRUDE OIL ?

(a) Edible Oils

(b) Cereals

(c) Gold & Silver

(d) Consumer nondurable

Ans)(c) Gold & Silver

13) RS. 100 NOTES ARE PRINTED IN WHICH OF THE FOLLOWING ?

(a) The Indian Security Press Nasik

(b) The Security Printing Press Hyderabad

(c) The bank Note Press, Dewas

(d) All1,2&3

Ans)(d) All1,2&3

14) WHO AMONG THE FOLLOWING ARE THE BENEFICIARIES OF WAYS AND MEANS ADVANCES (WMA) FACILITY OF RESERVE BANK OF INDIA ?

(a) Commercial Banks

(b) Regional Rural banks

(c) State Governments

(d) Authorized Dealers of Foreign Exchanges

Ans)(c) State Governments

15) EURIBOR IS A TERM ASSOCIATED WITH WHICH OF THE FOLLOWING ?

(a) An International Financial Company

(b) An association of European Financial Service providers

(c) A reference rate for Euro Money Market

(d) A credit rating agency of Europe

Ans)(c) A reference rate for Euro Money Market

16) WHICH OF THE FOLLOWING IS NOT A MEASURE TO CONTROL INFLATION ADOPTED BY THE GOVERNMENT OR RBI ?

(a) Monetary Policy

(b) Fiscal Policy

(c) Financial Inclusion

(d) Price Control

Ans)(c) Financial Inclusion

17) WHICH AMONG THE FOLLOWING CORRECTLY DENOTES THE PRIMARY DEFICIT ?

(a) Revenue Expenditure – Revenue Receipts

(b) sum of the net increase in holdings of treasury bills of the RBI and its contributions to the market borrowing of the government.

(c) Budgetary Deficit + Govt. market borrowings and liabilities

(d) Fiscal Deficit – Interest Payments

Ans)(d) Fiscal Deficit – Interest Payments

18) WHICH OF THE FOLLOWING COUNTRIES IS THE MAIN COMPETITOR FOR THE INDIAN JUTE INDUSTRY ?

(a) Japan

(b) China

(c) Sri Lanka

(d) Bangladesh

Ans)(d) Bangladesh

19) WHICH OF THE FOLLOWING IS FACILITATED BY FOREIGN EXCHANGE RESERVES ?

(a) External trade

(b) Orderly development

(c) Maintenance of foreign exchange market

(d) All of the above

Ans)(d) All of the above

20) OPENING OF MAXIMUM OF ATMS IS AN EXAMPLE OF WHICH OF THE FOLLOWING ?

(a) Indirect marketing

(b) Direct marketing

(c) Social marketing

(d) None of these

Ans)(b) Direct marketing

21) WHICH STATE HAS BEEN PLACED AT TOP SPOT BY WORLD BANK FOR EASE OF DOING BUSINESS IN INDIA ?

(a) Gujarat

(b) Andhra Pradesh

(c) Maharashtra

(d) Tamil Nadu

Ans)(a) Gujarat

22) WHICH OF THE FOLLOWING WAS THE OPERATIONAL PERIOD OF 12TH FIVE YEAR PLAN ?

(a) 2007–12

(b) 2012–17

(c) 2015–20

(d) 2005–10

Ans)(b) 2012–17

23) INFRASTRUCTURE FINANCE COMPANY IS ENGAGED IN BUSINESS OF WHICH OF THE FOLLOWING ?

(a) Debts

(b) Infrastructure loan

(c) Marketing

(d) None of the above

Ans)(b) Infrastructure loan

24) STANDARD OF LIVING OF A NATION CAN BE JUDGED BY WHICH OF THE FOLLOWING ?

(a) Increase in GNP at factor cost

(b) Increase in GNP at cost including taxes and duties

(c) Increase in NNP at factor cost

(d) None of the above

Ans)(a) Increase in GNP at factor cost

25) THE SHARE OF VILLAGE AND SMALL-SCALE INDUSTRIES IN THE TOTAL OUTPUT OF THE MANUFACTURING SECTOR IS NEARLY HOW MUCH ?

(a) 40%

(b) 35%

(c) 25%

(d) 15%

Ans)(a) 40%

26) WHICH OF THE FOLLOWING IS THE RANGE OF AVERAGE RATE OF DOMESTIC SAVINGS (GROSS) FOR THE INDIAN ECONOMY ?

(a) 15 to 20 per cent

(b) 20 to 25 per cent

(c) 25 to 30 per cent

(d) 30 to 35 per cent

Ans)(b) 20 to 25 per cent

27) WHAT DOES FREE MARKET IN AN ECONOMY IMPLY ?

(a) Minimum government intervention in trade and maximum regulations

(b) Maximum government intervention in trade and maximum regulations

(c) Minimum government intervention in trade and minimum regulations

(d) Maximum government intervention in trade and maximum regulations

Ans)(c) Minimum government intervention in trade and minimum regulations

28) WHO IS THE AUTHOR OF “VOLATILITY AND GROWTH” ?

(a) Esther Duflo

(b) Amartya Sen

(c) Abhijit Banerjee

(d) Jagadish Bhagwati

Ans)(c) Abhijit Banerjee

29) WHICH OF THE FOLLOWING IS A REASON FOR INDIA TO BE A DEVELOPING COUNTRY ?

(a) Most pople depend on agriculture

(b) No rapid Industrialization

(c) Scarce Capital

(d) Low per capita income

Ans)(d) Low per capita income

30) WHICH OF THE FACTORS DETERMINE THE CROPPING PATTERN ?

1. Rainfall

2. Climate

3. Temperature

4. Soil type

Choose the correct option from the codes given below:

(a) 1 ,2 and 4 only

(b) 1 ,2 and 3 only

(c)  2 ,3 and 4 only

(d) 1 ,2, 3 and 4

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

31) WHICH SECTOR AMONG THE CORE SECTORS HAS MORE WEIGHT IN THE CALCULATION OF THE INDEX OF INDUSTRIAL PRODUCTION ?

(a) Refinery products

(b) Fertilizers

(c) Consumer durables

(d) Steel

Ans)(a) Refinery products

32) WHICH INDEX HELPS TO UNDERSTAND THE GROWTH OF VARIOUS SECTORS OF THE ECONOMY ?

(a) IIP

(b) CPI

(c) WPI

(d) None of the above

Ans)(a) IIP

33) 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

34) WHAT IS THE MAXIMUM TURNOVER FOR A MEDIUM COMPANY IN THE SERVICE SECTOR ?

(a) 10 crores

(b) 100 crores

(c) 50 crores

(d) None of the above

Ans)(b) 100 crores

35) WHICH COUNTRY IS THE TOP CAPITAL GOODS EXPORTER ?

(a) Japan

(b) France

(c) China

(d) Germany

Ans)(c) China

36) WHICH IS THE LARGEST ELECTRICAL EQUIPMENT MANUFACTURER IN INDIA ?

(a) BHEL

(b) Havells India ltd

(c) Kirloskar Electric co ltd

(d) BEL

Ans)(a) BHEL

37) WHAT IS FDI ALLOWED IN BROWNFIELD PROJECTS OF MEDICAL DEVICE COMPANIES ?

(a) 74%

(b) 100%

(c) 49%

(d) 51%

Ans)(b) 100%

38) WHICH COUNTRY IS THE LARGEST PHARMA EXPORTER IN THE WORLD ?

(a) India

(b) Germany

(c) USA

(d) Belgium

Ans)(b) Germany

39) DURING WHICH YEAR WAS THE FIRST IRON AND STEEL UNIT ON MODERN LINES WAS ESTABLISHED ?

(a) 1830

(b) 1851

(c) 1889

(d) 1923

Ans)(a) 1830

40) WHICH MINISTRY IMPLEMENTS PMGDISHA SCHEME ?

(a) Minsitry of Tribal Affairs

(b) Ministry of Electronics and Information technology

(c) Ministry of rural development

(d) Ministry of MSME

Ans)(b) Ministry of Electronics and Information technology

41) WHEN WAS THE FIRST NATIONAL HEALTH POLICY OF INDIA CREATED ?

(a) 1983

(b) 1989

(c) 1993

(d) 1990

Ans)(a) 1983

42) WHO HEADED THE FIRST NATIONAL COMMISSION ON LABOUR IN INDIA ?

(a) Justice GP Mathur

(b) Justice Guman Mal Lodha

(c) Justice P.B. Gajendragadkar

(d) Justice J S Verma

Ans)(c) Justice P.B. Gajendragadkar

43) IF THE AVERAGE COST FALLS, WHAT WILL BE THE MARGINAL COST ?

(a) increases at a higher rate

(b) falls at the same rate

(c) increases at a lower rate

(d) falls at a higher rate

Ans)(b) falls at the same rate

44) WHICH IS THE LARGEST EXPORTED ITEM OF INDIA ?

(a) Refined Petrol

(b) Diamond

(c) Rice

(d) Aluminium

Ans)(a) Refined Petrol

45) A DEMAND CURVE, WHICH IS PARALLEL TO THE HORIZONTAL AXIS, SHOWING QUANTITY, IS EQUAL TO THE PRICE ELASTICITY OF:

(a) Zero

(b) One

(c) Less than one

(d) Infinity

Ans)(d) Infinity

46) SAVINGS IS THAT PART OF MONEY INCOME WHICH IS WHAT ?

(a) spent for development of Industries

(b) not spent on consumption

(c) spent on health and education

(d) spent for consumer durables

Ans)(b) not spent on consumption

47) WHAT IS THE NAME OF THE INDIAN STATE WITH THE HIGHEST TAX REVENUE ?

(a) Assam

(b) Sikkim

(c) Karnataka

(d) Maharashtra

Ans)(d) Maharashtra

48) ‘GALLOP INFLATION’ IS ALSO KNOWN AS WHAT ?

(a) Walking Inflation

(b) Running Inflation

(c) Hyperinflation

(d) Creeping Inflation

Ans)(c) Hyperinflation

49) WHO AMONG THE FOLLOWING FORMULATES THE FISCAL POLICY IN INDIA ?

(a) Planning Commission

(b) Finance Commission

(c) Reserve Bank of India

(d) Ministry of Finance

Ans)(d) Ministry of Finance

50) WHICH OF THE FOLLOWING IS REQUIRED TO BE FOLLOWED WHILE COMPUTING THE NATIONAL INCOME ESTIMATES ?

(a) The value of exports to be added and the value of imports to be subtracted

(b) The value of exports to be subtracted and the value of imports to be added

(c) The value of both exports and imports to be added

(d) The value of both exports and imports to be subtracted

Ans)(a) The value of exports to be added and the value of imports to be subtracted

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