

McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Arts in Economics (MA Economics) , Union Public Service Commission (UPSC) .
1. |
National Development Council was set up in: |
A. | 1948 |
B. | 1950 |
C. | 1951 |
D. | 1952 |
Answer» D. 1952 |
2. |
Economic Planning is a subject: |
A. | in the unionlist |
B. | in the state list |
C. | in the concurrent list |
D. | unspecified in any speciallist |
Answer» A. in the unionlist |
3. |
For internal financing of Five Year Plans, the government depends on: |
A. | taxation only |
B. | taxation and public borrowing |
C. | public borrowing and deficitfinancing |
D. | taxation, public borrowing and deficit financing |
Answer» A. taxation only |
4. |
Take off stage' in an economy means: |
A. | steady growthbegins |
B. | economy is stagnant |
C. | economy is about to collapse |
D. | all controls are removed |
Answer» A. steady growthbegins |
5. |
Above 50% of working population of India is engaged in: |
A. | public sector |
B. | primary sector |
C. | secondary sector |
D. | tertiary sector |
Answer» B. primary sector |
6. |
Economic survey is published by : |
A. | ministry of finance |
B. | planningcommission |
C. | govt. of india |
D. | indian statistical institute |
Answer» A. ministry of finance |
7. |
India has: |
A. | socialistic economy |
B. | gandhian economy |
C. | mixed economy |
D. | free economy |
Answer» C. mixed economy |
8. |
The first attempt to initiate economic planning in India was madeby: |
A. | balwantrai mehta |
B. | vallabhbhai patel |
C. | m. visvesvaraya |
D. | jawaharlal nehru |
Answer» C. m. visvesvaraya |
9. |
The decentralisation system was recommended by: |
A. | c.rajagopalachari b. j. |
B. | kripalan |
C. | balwant rai mehta |
D. | ashok mehta |
Answer» C. balwant rai mehta |
10. |
Rolling plan was designed for the period: |
A. | 1978-83 |
B. | 1980-85 |
C. | 1985-90 |
D. | 1974-97 |
Answer» A. 1978-83 |
11. |
Who wrote the book 'Planned Economy for India'? |
A. | m. visvesvaraya |
B. | sardar vallabhbhai patel |
C. | jawaharlal nehru |
D. | mahatma gandhi |
Answer» A. m. visvesvaraya |
12. |
'Globalisation of Indian Economy' means: |
A. | stepping up external borrowings |
B. | establishing indian business units abroad |
C. | having minimum possible restrictions on economic relations with othercountries |
D. | giving up programmes of import substitution |
Answer» C. having minimum possible restrictions on economic relations with othercountries |
13. |
The contribution of agriculture to India's' economy is: |
A. | increasing |
B. | decreasing |
C. | onstant |
D. | none of these |
Answer» B. decreasing |
14. |
Dadabhai Naoroji theorised on the drain of wealth from India inhis book: |
A. | poverty under british rule in india |
B. | poverty in british rule in india |
C. | poverty and un-british rule inindia |
D. | poverty of economic drain in british india |
Answer» C. poverty and un-british rule inindia |
15. |
Which one of the following Five-Year Plans recognised human development as the core of all developmental efforts? |
A. | the third five-year plan |
B. | the fifth five-year plan |
C. | the sixth five-year plan |
D. | the eighth five-year plan |
Answer» D. the eighth five-year plan |
16. |
In which of the Five YearPlans, preference was given to the weaker sections of the society ? |
A. | second |
B. | third |
C. | fourth |
D. | fifth |
Answer» D. fifth |
17. |
The Second Five Year Plan laid more stress upon: |
A. | agriculture |
B. | industrialisation |
C. | removing poverty |
D. | self-reliance |
Answer» B. industrialisation |
18. |
Who among the following was the first Chairman of the PlanningCommission? [CDS 2008] |
A. | dr. rajendra prasad |
B. | pt. jawahar lal nehru |
C. | sardar vallabhbhai patel |
D. | j.b. kripalani |
Answer» B. pt. jawahar lal nehru |
19. |
Which Committee's recommendations are being followed for estimating Poverty Line in India? |
A. | dutt committee |
B. | chelliah committee |
C. | chakravorty committee |
D. | lakdawala committee |
Answer» D. lakdawala committee |
20. |
Absolute Povertymeans: |
A. | poverty in terms of absolute number ofpeople |
B. | poverty in terms of the basic minimum calorie requirements |
C. | poverty in terms of the prevailing pricelevel |
D. | poverty in terms of the absolute level of unemployment |
Answer» B. poverty in terms of the basic minimum calorie requirements |
21. |
Among the following who are eligible to benefit from the "Mahatma Gandhi National Rural Employment Guarantee Act" ? |
A. | adult members of only the scheduled caste and scheduled tribe households |
B. | adult members of below poverty line (bpl) households |
C. | adult members of households of all backward communities |
D. | adult members of any household |
Answer» D. adult members of any household |
22. |
The Food For Work programme was renamedas: |
A. | rural landless employment guarantee programme (rlegp) |
B. | national rural employment programme (nrep) |
C. | jawahar rozgar yojana (jry) |
D. | integrated rural development programme (irdp) |
Answer» B. national rural employment programme (nrep) |
23. |
What is the minimumcalorie intake decided by the Planning Commission for rural and urban areas, respectively ? |
A. | 2400 and 2100 |
B. | 2100and 2400 |
C. | 2400 and 2200 |
D. | 2100 and 2200 |
Answer» A. 2400 and 2100 |
24. |
Black money is : |
A. | counterfeit currency |
B. | illegally earned money |
C. | money earned through underhand deals |
D. | income on which payment of tax is usually evaded |
Answer» D. income on which payment of tax is usually evaded |
25. |
The Issue Department of the RBI maintains a against printing of notes: |
A. | minimum reserve system |
B. | proportional reserve system |
C. | proportional gold reserve system |
D. | proportional foreign securities reserve system |
Answer» A. minimum reserve system |
26. |
Inflation implies: |
A. | rise in budget deficit |
B. | rise in moneysupply |
C. | rise in general price index |
D. | rise in prices of consumer goods |
Answer» C. rise in general price index |
27. |
Who is the originator of Green Revolution in India? |
A. | norman e. borlaug |
B. | m.s. swaminathan |
C. | garry backer |
D. | none of these |
Answer» A. norman e. borlaug |
28. |
Which of the following is the apex bank of India? |
A. | sbi |
B. | sbt |
C. | rbi |
D. | icici |
Answer» A. sbi |
29. |
Which one of the following institution formulates monetary policy? |
A. | rbi |
B. | finance ministry |
C. | sebi |
D. | planning commission |
Answer» A. rbi |
30. |
National income estimation in India is the responsibility of |
A. | nsso |
B. | cso |
C. | finance ministry |
D. | national income committee |
Answer» B. cso |
31. |
As per the CSO classification, which of the following does not fall under industrial sector? |
A. | electricity |
B. | gas and water supply |
C. | transport and communication |
D. | manufacturing |
Answer» C. transport and communication |
32. |
Which one of the following brings out the publication called ‘Energy Statistics’ from time to time” |
A. | central power research institute |
B. | planning commission |
C. | pfcl |
D. | central statistical organization |
Answer» D. central statistical organization |
33. |
The headquarters of UNFCCC is located at: |
A. | geneva |
B. | berlin |
C. | tokyo |
D. | bonn |
Answer» D. bonn |
34. |
Which of the following brings out wholesale Price Index (WPI) |
A. | the reserve bank of india |
B. | the department of economic affairs |
C. | the labour bureau |
D. | ministry of industry |
Answer» D. ministry of industry |
35. |
Economic depression is usually coupled with: |
A. | deflation |
B. | inflation |
C. | stagflation |
D. | hyperinflation |
Answer» A. deflation |
36. |
The phenomena of increasing prices but declining output and employment indicates: |
A. | disinflation |
B. | stagflation |
C. | reflation |
D. | open inflation |
Answer» B. stagflation |
37. |
Which of the following is not a measure to control inflation adopted by the RBI and the Government? |
A. | monetary policy |
B. | financial inclusion |
C. | variation in margin requirements |
D. | changes in taxation |
Answer» B. financial inclusion |
38. |
Which of the authority is entrusted to retain the foreign exchange reserve of the country? |
A. | sebi |
B. | central government |
C. | rbi |
D. | exim bank |
Answer» C. rbi |
39. |
This is the rate at which RBI borrows money from commercial banks: |
A. | open market operations |
B. | slr |
C. | repo rate |
D. | reverse repo rate |
Answer» D. reverse repo rate |
40. |
The basic objective of MUDRA bank is to: |
A. | give priority to sc/st enterprises |
B. | funding the unfunded areas |
C. | ensuring financial inclusion |
D. | all of the above |
Answer» D. all of the above |
41. |
In India deficit financing is used for raising resources for: |
A. | economic development |
B. | redemption of public debt |
C. | adjustment the balance of payments |
D. | reducing the foreign debt |
Answer» A. economic development |
42. |
Which of the following contributes largest share in the tax revenue of India? |
A. | service tax |
B. | wealth tax |
C. | income tax |
D. | securities transaction tax |
Answer» C. income tax |
43. |
Which one of the following state introduced ‘fat tax’ for the first time in India? |
A. | gujarat |
B. | kerala |
C. | karnataka |
D. | haryana |
Answer» B. kerala |
44. |
Demonetisation has the potential to generate long term benefits in terms of: |
A. | reduced corruption |
B. | greater digitalization of the economy |
C. | increased flaws of financial savings |
D. | all of the above |
Answer» D. all of the above |
45. |
What is the level of sex ratio in India as per the Census Report of 2011? |
A. | 930 |
B. | 935 |
C. | 940 |
D. | 945 |
Answer» C. 940 |
46. |
Select the scheme which was launched to promote basic education in India and attract children in school going age to attend the classes: |
A. | pulse polio abhiyan |
B. | operation black board |
C. | mid-day meal scheme |
D. | shiksha sahyog yojana |
Answer» C. mid-day meal scheme |
47. |
The AMRUT (Atal Mission for Rejuvenation and Urban Transformation) programme focuses on: |
A. | providing water supply |
B. | providing nutritional support |
C. | providing electricity connection |
D. | providing free lpg connection |
Answer» A. providing water supply |
48. |
In an economy, head count ratio is the measure of : |
A. | unemployment |
B. | poverty |
C. | literacy |
D. | malnutrition |
Answer» B. poverty |
49. |
The government of India refers to the absolute poverty line in terms of: |
A. | household savings |
B. | household consumption |
C. | household investment |
D. | household income |
Answer» B. household consumption |
50. |
Which one of the following items has maximum weight in wholesale price index in India? |
A. | primary article |
B. | fuel and power |
C. | manufactured products |
D. | food item |
Answer» C. manufactured products |
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