Top 50 Economics MCQS part:8


1) WHICH AMONG THE FOLLOWING IS THE LARGEST SOURCE OF IRRIGATION IN INDIA, APART FROM RAINS ?

(a) Tubewells

(b) Canals

(c) Rivers

(d) Tanks 

Ans)(a) Tubewells

2) BRING OUT THE QUALITATIVE CONTROL INSTRUMENT OF RESERVE BANK OF INDIA FROM THE GIVEN STATEMENTS ?

(a) RBI increases Reverse Repo rate in the quarterly review of the monetary policy

(b) RBI decreases the CRR rate in the quarterly review of the monetary policy

(c) RBI decreases the Bank rate in the quarterly review of the monetary policy

(d) RBI announces selective credit control in the quarterly review of the monetary policy

Ans)(d) RBI announces selective credit control in the quarterly review of the monetary policy

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

(a) Commercial Banks

(c) Regional Rural banks

(c) State Governments

(d) Authorized Dealers of Foreign Exchanges

Ans)(c) State Governments

4) WHO AMONG THE FOLLOWING ARE THE BENEFICIARIES OF THE “REVERSE MORTGAGE SCHEME” ?

(a) Government Employees

(b) Senior Citizens

(c) Unemployed Persons

(d) Unemployed Persons

Ans)(b) Senior Citizens

5) NATIONAL SMALL SAVINGS FUND IS A PART OF WHICH AMONG THE FOLLOWING ?

(a) Consolidated Fund of India

(b) Public Account of India

(c) Contingency Fund of India

(d) Prime Minister’s Relief Fund

Ans)(b) Public Account of India

6) A PERSON REACHES THE BANK WITH A DEMAND DRAFT PAYABLE TO HIS ACCOUNT. AT THIS SITUATION, THE BANK WORKS AS WHICH OF THE FOLLOWING ?

(a) Creditor

(b) Debtor

(c) Beneficiary

(d) Trustee

Ans)(d) Trustee

7) CONSIDER THE FOLLOWING STATEMENTS :

1. In comparison to other products, stocks markets offer higher returns and pose higher risks

2. Stock prices are governed by supply and demand

Which among the above is / are correct statements?

(a) Only 1

(b) Only 2

(c) Both 1 & 2

(d) Neither 1 ta  nor 2

Ans)(c) Both 1 & 2

8) 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

9) WHO ACTS AS THE LENDER OF LAST RESORT TO ALL PUBLIC SECTOR BANKS IN INDIA ?

(a) Finance Ministry

(b) RBI

(c) State Bank of India

(d) IMF

Ans)(b) RBI

10) WHAT IS ACCEPTED AVERAGE CALORIE REQUIREMENT FOR RURAL AREA IN INDIA ?

(a) 2200

(b) 2100

(c) 2300

(d) 2400

Ans)(d) 2400

11) WITH REFERENCE TO THE WORLD TRADE ORGANIZATION, THE PRINCIPLE OF RECIPROCITY WITHIN WTO FRAMEWORK ENVISAGES ?

(a) Lowering of trade barriers by a State to be matched in return.

(b) Creation of trade barriers on uniform basis

(c) Protection of intellectual property rights.

(d) Enhanced role for State controls on trade

Ans)(a) Lowering of trade barriers by a State to be matched in return.

12) ANY ACT OF INTERFERENCE BY A CENTRAL BANK LIKE THE RBI IN INFLUENCING THE EXCHANGE RATE IS REFERRED TO AS WHICH OF THE FOLLOWING IN INDIA ?

(a) Dirty Floats

(b) Managed Floats 

(c) Fixed Floats

(d) Market Stabilization Floats

Ans)(b) Managed Floats

13) WHICH OF THE FOLLOWING COMMITTEE HAS GREAT ROLE IN FORMING A PUBLIC GRIEVANCE SYSTEM FOR A CUSTOMER SUFFERING FROM GRIEVANCES RELATED TO HOUSING LOANS ?

(a) Goiporia Committee

(b) Jilani Committee

(c) Mitra Committee

(d) Rangarajan Committee

Ans)(a) Goiporia Committee

14) WHICH IS THE MOST IMPORTANT RAW MATERIAL FOR GENERATION OF POWER IN INDIA ?

(a) Coal

(b) Silicon

(c) Aluminum

(d)  Ironstone

Ans)(a) Coal

15) WHICH OF THE FOLLOWING PORTS IN INDIA HAVE A FREE TRADE ZONE ?

(a) Kochi

(b) Tuticorin

(c) Kandla

(d) Paradip

Ans)(c) Kandla

16) WHICH OF THESE CANNOT BE ISSUED BY A PAYMENT BANK ?

(a) ATM card

(b) Debit card

(c) Credit card

(d) All of the above

Ans)(c) Credit card

17) WHICH AMONG THE FOLLOWING IS/ARE CORRECT REGARDING CALL MONEY ?

(a) No Collateral is required in Call Money transaction

(b) It is the money lent/borrowed forward maximum period of 30 days

(c) It is the money lent/borrowed for maximum period of 45 days

(d)  Banks borrow primarily from customers

Ans)(a) No Collateral is required in Call Money transaction

18) WHICH OF THE FOLLOWING BEST DEFINES THE ROLLING PLAN ?

(a) Formulation of annual plans

(b) Perspective of Five-Year Plan with the provision of extending by one year at a time so that there would be a constant planning horizon of five years

(c) Aims and achievements reviewed every year in a Five-Year Plan

(d) Plan for full 5 years

Ans)(b) Perspective of Five-Year Plan with the provision of extending by one year at a time so that there would be a constant planning horizon of five years

19) FIRST FIVE-YEAR PLAN LAID STRESS ON WHICH OF THE FOLLOWING SECTORS ?

(a) Agriculture

(b) Industry

(c) Power

(d) Uplifting of poor people

Ans)(a) Agriculture

20) WHICH OF THE FOLLOWING IS TRUE ?

(a) Physical planning is more important than financial planning

(b) Financial planning is more important than physical planning

(c) Physical planning and financial planning are equally important

(d) Physical planning and financial planning are complementary

Ans)(d) Physical planning and financial planning are complementary

21) WHO AMONG THE FOLLOWING PREPARED THE NATIONAL INCOME ESTIMATE IN INDIA ?

(a) Lord Rippon

!b) Dadabai Naoroji

(c) Lord Mcculay

(d) C.R.Das

Ans)(b) Dadabai Naoroji

22) WHICH IS THE HIGHEST PRODUCED OIL SEED IN THE WORLD ?

(a) Soyabean

(b) Sunflower

(c) Grroundnut

(d) Mustard

Ans)(a) Soyabean

23) WHAT IS THE PERCENTAGE CONTRIBUTION OF SEAFOOD EXPORT TO INDIAN GDP ?

(a) 0.91%

(b) 2%

(c)  4%

(d) 10%

Ans)(a) 0.91%

24) WHICH AMONG THE FOLLOWING SCHEMES ARE IMPLEMENTED UNDER THE PRADHAN MANTRI KISAN SAMPADA YOJANA (PMKSY) ?

1. Mega Food Parks

2. Integrated Cold Chain, Value Addition and Preservation Infrastructure.

3. Creation/Expansion of Food Processing/Preservation Capacities.

4. Infrastructure for Agro Processing Clusters.

Choose the correct option from the codes given below:

(a) 1 and 2 only

(b) 2 and 3 only

(c) 2,3 and 4 only

(d) All of the above

Ans)(d) All of the above

25) WHAT IS CAPITAL SUBSIDY GIVEN UNDER CREDIT LINKED CAPITAL SUBSIDY SCHEME ?

(a) Andhra Pradesh

(b) Telangana

(c) Maharastra

(d) Gujarat

Ans)(a) Andhra Pradesh

26) WHAT IS CAPITAL SUBSIDY GIVEN UNDER CREDIT LINKED CAPITAL SUBSIDY SCHEME ?

(a) 20%

(b) 15%

(c) 10%

(d) None of the above

Ans)(b) 15%

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

(a) China

(b) USA

(c) Japan

(d) Germany

Ans)(a) China

28) WHAT IS THE CONTRIBUTION OF IMPORTS TO INDIA’S DEMAND FOR CAPITAL GOODS ?

(a) 33%

(b) 45%

(c) 54%

(d) 66%

Ans)(b) 45%

29) WHICH IS THE TOP IMITATION JEWELRY EXPORTER IN THE WORLD ?

(a) China

(b) India

(c) USA

(d) UK

Ans)(a) China

30) WHAT IS THE FDI ALLOWED FOR URBAN INFRASTRUCTURE ?

(a) 49

(b) 100

(c) 74

(d) 51

Ans)(b) 100

31) WHICH OF THE FOLLOWING CURRENCIES IS NOT INCLUDED IN THE SPECIAL DRAWING RIGHTS (SDR) CURRENCY BASKET ?

(a) Indian Rupee

(b) British Pound

(c) Japanese Yen

(d) Chinese Renminbi

Ans)(a) Indian Rupee

32) IN WHICH YEAR, PLANNING COMMISSION WAS ESTABLISHED IN INDIA ?

(a) 1950

(b) 1951

(c) 1952

(d) 1955

Ans)(a) 1950

33) WHICH TYPE OF PROJECTS ARE FUNDED BY REITS ?

(a) Completed Real Estate projects

(b) Incomplete Real Estate projects

(c) Green field Real Estate projects

(d) None

Ans)(b) Incomplete Real Estate projects

34) WHAT IS A BEAR ?

(a) Investor who beleives market will grow

(b) Investor who beleives market will fall

(c) Investor who beleives market will crash

(d) None

Ans)(b) Investor who beleives market will fall

35) WHICH COUNTRY IS HOME TO THE NASDAQ STOCK EXCHANGE ?

(a) USA

(b) JAPAN

(c) UK

(d) INDIA

Ans)(a) USA

36) WHICH AMONG THE FOLLOWING ARE THE TYPES OF FUNDS AVAILABLE UNDER THE NIIF ?

1. Master Fund

2. Funds of Funds

3. Strategic Fund

Choose the correct option from the choice given below:

(a) 1 only

(b) 1 and 3 only

(c) 1 and 2 only

(d) 1,2 and 3

Ans)(d) 1,2 and 3

37) WHICH IS INDIA’S HIGHEST COMMERCIAL AIRPORT ?

(a) Sheikh ul-Alam International Airport

(b) Shimla Airport

(c) Kushok Bakula Rimpochee Airport

(d) Jolly Grant Airport

Ans)(c) Kushok Bakula Rimpochee Airport

38) WHAT IS “RAIL BANDHU” ?

(a) Railway Website

(b) Rail Reforms

(c) Rail Medical Officer

(d) Railway Magazine

Ans)(d) Railway Magazine

39) WHO WAS THE FIRST RAILWAY MINISTER OF INDEPENDENT INDIA ?

(a) John Mathai

(b) Lal Bahadur Shastri

(c)  SN Sinha

(d) S Shetty

Ans)(a) John Mathai

40) WHAT IS COAL WASHING ?

(a) Transforming coal to coke

(b) Removing ash in coal

(c) Pumping water into coal mines

(d) None

Ans)(b) Removing ash in coal

41) WHICH IS THE LARGEST URANIUM PRODUCING COUNTRY IN THE WORLD ?

(a) Russia

(b) Australia

(c) Kazakhastan 

(d) Canada

Ans)(c) Kazakhastan

42) WHICH PAIRS OF GOODS IS AN EXAMPLE FOR A JOINT SUPPLY ?

(a) Coffee and Tea

(b) Ink and Pen

(c) Tooth brush and Paste

(d) Wool and Mutton

Ans)(d) Wool and Mutton

43) IF ___ FIRM HAS ZERO COST OR ONLY FIXED COST, THEN THE QUANTITY SUPPLIED IN EQUILIBRIUM IS GIVEN FROM THE POINT WHERE MARGINAL REVENUE IS ZERO.

(a) Perfect Competition

(b) Monopoly

(c) Oligopoly

(d) Monopolistic Competition

Ans)(a) Perfect Competition

44) WHAT DOES THE LORENZ CURVE REPRESENT ?

(a) Relationship between the price of a certain commo-dity and its demand

(b) Income distribution

(c) Rate of employment

(d) Taxable income elasticity

Ans)(b) Income distribution

45) WHO AMONG THE FOLLOWING SELECTS THE SOCIAL AUDIT COMMITTEE UNDER MNREGA SCHEME ?

(a) Chief Minister

(b) Gram Sabha

(c) Mayor

(d) B .D.O.

Ans)(b) Gram Sabha

46) SPECIAL ECONOMIC ZONES IN INDIA WERE ESTABLISHED TO INCREASE__

(a) Free trade

(b) Foreign Investment

(c) Employment

(d) Technology Development

Ans)(b) Foreign Investment

47) WHAT IS THE AIM OF THE NATIONAL SOCIAL ASSISTANCE PROGRAMME ?

(a) financial support to Scheduled Castes and Scheduled Tribes

(b) old-age pension to very poor

(c)  insurance for the poor

(d) All of the above

Ans)(b) old-age pension to very poor

48) WHAT IS MEANT BY TRANSFER PAYMENT ?

(a) Old age pensions

(b) Unemployment compensations

(c) Social security payments

(d) All the above

Ans)(d) All the above

49) THE OBJECTIVE OF WHICH OF THE FOLLOWING FIVE YEAR PLAN WAS ‘RAPID INDUSTRIALIZATION WITH SPECIAL EMPHASIS ON DEVELOPMENT OF BASIC AND HEAVY INDUSTRIES’ ?

(a) First

(b) Second

(c) Third

(d) Fourth

Ans)(b) Second

50)OKAVANGO DELTA IS LOCATED IN WHICH COUNTRY ?

(a) Namibia

(b) Botswana

(c) Madagascar

(d) Malawi

Ans)(b) Botswana


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