More MCQs
1.

India is a:

A. developed country
B. under developed country
C. developing country
D. none
Answer» C. developing country
2.

The growth rate of Indian economy in 2012-13is:

A. 5%
B. 9%
C. 6.5%
D. 8.2%
Answer» A. 5%
3.

Among the following states which has the highest PCI ?

A. goa
B. punjab
C. kerala
D. maharashtra
Answer» A. goa
4.

The Gross Domestic Saving as percent of GDP in 2011-12 in Indian economy is:

A. 32.3%
B. 35.1%
C. 34.5%
D. 30.8%
Answer» D. 30.8%
5.

Which sector is considered as the work horse of Indian economy?

A. primary
B. secondary
C. tertiary
D. none
Answer» C. tertiary
6.

According to 2011 census the rate of urbanisation in India is:

A. 72.2%
B. 31.16%
C. 32.5%
D. 45.2%
Answer» B. 31.16%
7.

Among the Indian states which has the highest density?

A. bengal
B. punjab
C. kerala
D. bihar
Answer» D. bihar
8.

The crude literacy rate in India according to 2011 census is:

A. 64.83%
B. 82.14%
C. 65.46%
D. 74.04%
Answer» D. 74.04%
9.

Relative poverty is basically related with

A. poor
B. rich
C. both
D. none
Answer» B. rich
10.

In 2008 Planning commission appointed a committee to estimate the poverty in India under:

A. jain
B. sengupta
C. saxena
D. tendulkar
Answer» D. tendulkar
11.

Which is the Year of Great Divide?

A. 1991
B. 1947
C. 1951
D. 1921
Answer» D. 1921
12.

According to Mixed Recall period India’s Poverty in 2009-10 is

A. 36%
B. 27.5%
C. 29.8%
D. none
Answer» C. 29.8%
13.

The sex ratio of Kerala in 2011is:

A. 1084
B. 1080
C. 1040
D. 1041
Answer» A. 1084
14.

The sex ratio of India in 2011 is:

A. 961
B. 940
C. 980
D. none
Answer» B. 940
15.

The child sex ratio of India in 2011 is:

A. 913
B. 940
C. 961
D. none
Answer» A. 913
16.

TRYSEM was started in

A. 1996
B. 1990
C. 1980
D. 1979
Answer» D. 1979
17.

For a rural person the minimum calorie needed to reach above poverty line is:

A. 2400 calorie
B. 2100 calorie
C. 1995 calorie
D. 2011 calorie
Answer» A. 2400 calorie
18.

Which is an urban poverty eradication Programme?

A. jry
B. nregp
C. rlegp
D. nry
Answer» D. nry
19.

Which of the following is an urban employment generation programme?

A. mgnregs
B. sgsy
C. sjsry
D. pmgsy
Answer» C. sjsry
20.

The type unemployment more prominent in India is:

A. seasonal
B. cyclical
C. structural
D. open
Answer» C. structural
21.

India’s unemployment is estimated by the agency:

A. nsso
B. rbi
C. finance ministry
D. both (a)&(b)
Answer» A. nsso
22.

The long term unemployment is measured by

A. usual status
B. current weekly status
C. current daily status
D. none
Answer» A. usual status
23.

The most faithful measure of unemployment is:

A. usual status
B. current weekly status
C. current daily status
D. none
Answer» C. current daily status
24.

The ratio of unemployment in India in 2009-10 is:

A. 5.8
B. 6.6
C. 8.2
D. none
Answer» B. 6.6
25.

India’s rank according to HDI in 2012 is

A. 127
B. 134
C. 136
D. 124
Answer» C. 136
26.

The Gini coefficient of India in 2011is:

A. 36.8
B. 33.4
C. 32.10
D. 38.1
Answer» A. 36.8
27.

The average MPCE of rural people in India according to 68 th round of NSSO is:

A. rs.1281.45
B. rs.2401.68
C. rs.2105
D. rs.455
Answer» A. rs.1281.45
28.

Among the following states which has the highest HDI value?

A. goa
B. punjab
C. kerala
D. tamil nadu
Answer» C. kerala
29.

The annual growth rate of India’s population according to 2011census is:

A. 1.9%
B. 1.76%
C. 2%
D. none
Answer» B. 1.76%
30.

What is the percentage of agricultural population in India in 2012.

A. 66 per cent
B. 35 percent
C. 70 percent
D. 90 percent
Answer» A. 66 per cent
31.

What was the contribution of the primary sector to net domestic product of India in 2011.

A. 80%
B. 18%
C. 53%
D. 25%
Answer» B. 18%
32.

In which year New Agricultural strategy was introduced in India.

A. 1960
B. 1950
C. 1966
D. 1991
Answer» C. 1966
33.

Which state of India has derived the maximum benefit from Green Revolution.

A. kerala
B. maharashtra
C. u.p
D. punjab
Answer» D. punjab
34.

Land reform includes:

A. new idea of irrigation
B. fertilizers
C. new seeds
D. all of the above
Answer» D. all of the above
35.

Which are kharif crop(s)

A. maize
B. cotton
C. sugar cane
D. all of these
Answer» D. all of these
36.

Which is the main wheat production State of India

A. punjab
B. orissa
C. goa
D. none of there
Answer» A. punjab
37.

Which is the Commercial crop

A. tea
B. rice
C. wheat
D. none of there
Answer» A. tea
38.

Tenancy reform is related to.

A. regulation of rent
B. security of tenure
C. conferment of ownership rights
D. all of the above
Answer» D. all of the above
39.

PDS Stands for:

A. public distribution system
B. public division system
C. price distribution system
D. all of these
Answer» A. public distribution system
40.

Agricultural Credit is given by.

A. co-operatives
B. rrbs
C. nabard
D. all of the above
Answer» D. all of the above
41.

India’s Green revolution was most successful in …………Production:

A. wheat
B. rice
C. maize
D. cotton
Answer» A. wheat
42.

Regional Rural Bank were started in ………………..

A. 1969
B. 1972
C. 1975
D. 1991
Answer» C. 1975
43.

The worst form of land tenurs system was…………………….

A. zamindary
B. riotwary
C. mahalwari
D. malguzari
Answer» A. zamindary
44.

When the first industrial policy was introduced ?

A. 1951.
B. 1991.
C. 1948.
D. 1956
Answer» C. 1948.
45.

How many industries are reserved for the public sector in the new Industrial policy 1991.

A. 60
B. 8
C. 10
D. 12
Answer» B. 8
46.

SSI stands for

A. small scale industries ,
B. small saving interest ,
C. saving social of india ,
D. all the three
Answer» A. small scale industries ,
47.

SAIL was set up in

A. 1980.
B. 1970 .
C. 1974.
D. 1989.
Answer» C. 1974.
48.

IISCO came under the control of :

A. rbi
B. sail
C. uti
D. pnb
Answer» B. sail
49.

MARTP Act is related to …………….

A. industry
B. service
C. bank
D. shipping
Answer» A. industry
50.

Small –scale industries contributed …………% towards total production of manufacturing :

A. 20.43
B. 5.83
C. 10.3
D. 16.79
Answer» B. 5.83
51.

Indian Iron and Steel company was established in ……………

A. 1919
B. 1909
C. 1976
D. 1090
Answer» B. 1909
52.

…………… is known as the father of Iron and Steel company in India.

A. jamshedji tata
B. ratan tata
C. ambani
D. mittal
Answer» A. jamshedji tata
53.

Bockaro Steel plant was started during ……………. plan .

A. first
B. second
C. third
D. fourth
Answer» D. fourth
54.

WTO prescribes export subsidies as:

A. competition
B. unfair competition
C. monopolistic competition
D. exploitation
Answer» B. unfair competition
55.

Export promotion is an:

A. inward looking strategy
B. outward looking strategy
C. fiscal strategy
D. political strategy
Answer» B. outward looking strategy
56.

Since March 1973, the world, more or less, had a:

A. free floating exchange rate system
B. fixed exchange rate system
C. managed floating exchange rate system
D. adjustable peg system
Answer» C. managed floating exchange rate system
57.

Net National gains from trade is measurable function of:

A. volume of trade
B. relative prices in two countries
C. factor cost of commodities traded
D. volume of trade credited and change in prices caused by trade
Answer» D. volume of trade credited and change in prices caused by trade
58.

Outward looking development policies are not associated with:

A. open system of communications
B. free movement of capital
C. multinational enterprises
D. learning by doing
Answer» D. learning by doing
59.

Import quota is :

A. tariff
B. non-tariff trade barrier
C. concession
D. international obligation
Answer» B. non-tariff trade barrier
60.

Balance of payments must always balance because:

A. trade deficit is cancelled by invisible credits
B. import always equals exports
C. of an accounting connection
D. what a country gets, it must either pay or save
Answer» C. of an accounting connection
61.

Trade Policy measures for correction of balance of payments disequilibrium include of export promotion:

A. export promotion
B. import control
C. both a & b
D. import substitution
Answer» C. both a & b
62.

In calculating India’s balance of payments position, we must:

A. omit invisible items
B. omit exports and imports of gold
C. include expenditure by foreign tourists as imports
D. include long term loans abroad as debit
Answer» B. omit exports and imports of gold
63.

The convertibility of dollar was formally abandoned in:

A. 1971
B. 1966
C. 1973
D. 1962
Answer» A. 1971
64.

Each member of IMF is assigned a quota expressed in:

A. member country’s currency
B. dollar
C. special drawing rights
D. none of the above
Answer» C. special drawing rights
65.

The international monetary system that existed from 1947 to 1971 is generally known as:

A. par value system
B. pegged exchange rate system
C. bothe a & b
D. fewer rupees in the spot market than in the home market
Answer» A. par value system
66.

The fundamental cause for the collapse of the Bretton woods system was:

A. liquidity problem
B. the adjustment problem
C. the confidence problem
D. all of the above
Answer» D. all of the above
67.

The direction of trade indicates:

A. the nature of goods that are exported and imported
B. the value of goods that are exported and imported
C. the countries to which commodities are exported and the countries from which commodities are imported
D. the terms at which exports exchanges for imports school of distance education indian economy
Answer» C. the countries to which commodities are exported and the countries from which commodities are imported
68.

The important component of foreign trade:

A. terms of trade, balance of trade and balance of payment
B. the volume of trade, the composition of trade and direction of trade
C. terms of trade and volume of trade
D. terms of trade and direction of trade
Answer» B. the volume of trade, the composition of trade and direction of trade
69.

The balance of payment in unfavorable:

A. when value of export is greater than import
B. when value of import is greater than export
C. when value of imports and exports are equal
D. only when there is much greater difference between exports and imports
Answer» B. when value of import is greater than export
70.

In which of the plan period, the Balance of payment position had surplus:

A. first plan
B. second plan
C. third plan
D. fifth plan
Answer» D. fifth plan
71.

The Mudaliar Committee was related to:

A. export-import policy
B. exim bank
C. small scale industries
D. banking sector
Answer» A. export-import policy
72.

EXIM Bank was set up in:

A. 1980
B. 1982
C. 1991
D. 2000
Answer» B. 1982
73.

The balance of payment on current account shows:

A. the record of the current position of the country in transfer of both visible and invisible items
B. the record of the financial position of the country
C. the extent of the financial position of the country
D. the record of the current position of visible items.
Answer» A. the record of the current position of the country in transfer of both visible and invisible items
74.

“Capitalism” refers to?

A. The use of market
B. Government ownership of capital
C. Private ownership of capital goods
D. Private ownership of homes & cars
Answer» C. Private ownership of capital goods
75.

What is the main cause of exports surplus?

A. Country’s stringent import policy
B. Developments in national and international markets
C. Country’s exports promotion value
D. above all
Answer» D. above all
76.

Which is the primary objective of economic planning in India

A. Reducing Inequalities of
B. Abolition of poverty
C. Growth with social justice
D. Removing unemployment
Answer» C. Growth with social justice
77.

Which of the following is associated with poverty estimation ?

A. Tendulkar committee
B. Lakdawala committee
C. Saxena committee
D. All the above
Answer» D. All the above
78.

Which of the following state introduced Employment Guarantee Scheme first?

A. Madhya Pradesh
B. Maharashtra
C. Tamil Nadu
D. Karnataka
Answer» B. Maharashtra
79.

Infant mortality

A. Defined as the annual number of deaths of infant under 1 year
B. Reflects the availability of primary education, the rights of
C. life expectancy up to age 3.
D. Reflects the availability of hospitals and
Answer» A. Defined as the annual number of deaths of infant under 1 year
80.

is below the income that secures the bare essentials of food, clothing,

A. Income inequality.
B. Absolute poverty.
C. Sen’s poverty index.
D. Purchasing-power poverty.
Answer» B. Absolute poverty.
81.

The unemployment rate is the

A. Employed plus unemployed divided by labor force.
B. Total employment divided by population.
C. Labor force divided by population.
D. Uunemployed divided by employed
Answer» A. Employed plus unemployed divided by labor force.
82.

In which type of unemployment do the marginal productivity of the workers is zero?

A. Disguised Unemployment
B. Involuntary unemployment
C. Seasonal unemployment
D. Structural Unemployment
Answer» A. Disguised Unemployment
83.

Which is the state with minimum sex ratio in India?

A. Chandigarh
B. Delhi
C. Haryana
D. Punjab
Answer» C. Haryana
84.

Which is the state with highest number of Scheduled Castes in India?

A. Andhra Pradesh
B. Bihar
C. Tamil Nadu
D. Uttar Pradesh
Answer» D. Uttar Pradesh
85.

Which country is the largest consumer of sugar in the world?

A. USA
B. CHINA
C. JAPAN
D. INDIA
Answer» A. USA
86.

Which is the largest sugar-producing country in the world?

A. INDIA
B. CHINA
C. BRAZIL
D. None of the above
Answer» C. BRAZIL
87.

When was cotton textile industry established in Mumbai?

A. 1854
B. 1855
C. 1948
D. 1956
Answer» A. 1854
88.

Which is the Indian state with the highest number of powerlooms?

A. Gujarat
B. Madhya Pradesh
C. Maharashtra
D. Tamil Nadu
Answer» C. Maharashtra
89.

Which of the following industries is not a heavy industriy.

A. Cotton textile
B. Cement
C. Iron and Steel
D. Ship building
Answer» A. Cotton textile
90.

Which one of the following agencies, markets steel for the public sector plants?

A. HAIL
B. SAIL
C. TATA Steel
D. MNCC
Answer» B. SAIL
91.

Where was oil discovered for the first time in India?

A. Digboi
B. Numaligarh
C. Bongaigon
D. Barauni
Answer» A. Digboi
92.

In production sector, a micro enterprise is an enterprise where investment in plant and

A. 10 LAKH
B. 15 LAKH
C. 12 LAKH
D. 25 LAKH
Answer» D. 25 LAKH
93.

Which of the following does not form part of current account under balance of payments?

A. Export and import of goods
B. Export and import of services
C. Income receipts and payments
D. Capital receipts and payments
Answer» D. Capital receipts and payments
94.

Balance in capital account refer to the

A. Nation’s net exports of goods and services
B. Nation’s net exports of financial claims
C. Nation’s net exports of international official reserve assets
D. Nation’s sum of net exports of goods, services and financial
Answer» D. Nation’s sum of net exports of goods, services and financial
95.

Balance in capital account refer to the

A. National Development Council (NDC)
B. Ministry of Finance
C. Planning Commission (now NITI Aayog)
D. President of India
Answer» A. National Development Council (NDC)
96.

When was the first five-year plan of India started?

A. 1949
B. 1950
C. 1952
D. 1951
Answer» D. 1951
97.

What as the prime target of the first five-year plan of India?

A. Development of the industries
B. Development of Agriculture
C. Development of infrastructure
D. Development of ports
Answer» B. Development of Agriculture
98.

Which programme given the slogan of Garibi Hatao?

A. 7th five-year plan
B. 3rd five year plan
C. 6th five year plan
D. 5th five-year plan
Answer» D. 5th five-year plan
99.

In which five-year plan India opted for a mixed economy?

A. First
B. Second
C. Third
D. Fourth
Answer» D. Fourth
100.

When was the plan holiday declared?

A. After the third plan
B. After the fourth plan
C. After the fifth plan
D. After the sixth plan
Answer» A. After the third plan
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