McqMate
| 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 | |
| 51. |
Which one among the following sectors in India has the highest share of employment? |
| A. | agriculture and allied sectors |
| B. | manufacturing |
| C. | construction |
| D. | tertiary sector |
| Answer» A. agriculture and allied sectors | |
| 52. |
When was the first agriculture census of India conducted? |
| A. | 1880 |
| B. | 1890 |
| C. | 1921 |
| D. | 1970 |
| Answer» D. 1970 | |
| 53. |
Evergreen revolution indicates: |
| A. | wheat revolution |
| B. | organic farming |
| C. | large scale milk production |
| D. | promotion of horticulture |
| Answer» B. organic farming | |
| 54. |
What kind of unemployment is found in the agricultural sector of India? |
| A. | situational |
| B. | voluntary |
| C. | frictional |
| D. | disguised |
| Answer» D. disguised | |
| 55. |
Which one of the following industries is not included in the Eight Core Industries? |
| A. | coal |
| B. | textiles |
| C. | electricity |
| D. | crude oil |
| Answer» B. textiles | |
| 56. |
In the index of eight core industries, which one of the following is given the highest weight? |
| A. | coal production |
| B. | electricity generation |
| C. | fertilizer production |
| D. | steel production |
| Answer» B. electricity generation | |
| 57. |
Which one of the following institutions acts as the apex regulatory body for food safety in India? |
| A. | agmark and legal metrology |
| B. | bureau of indian standards |
| C. | fssai |
| D. | bis |
| Answer» C. fssai | |
| 58. |
Which one of the following is the national regulatory body for insurance industry in India? |
| A. | sebi |
| B. | irdai |
| C. | rbi |
| D. | uti |
| Answer» B. irdai | |
| 59. |
Which segment is contributing largest into the gross savings of the country? |
| A. | household sector |
| B. | private corporate sector |
| C. | public sector |
| D. | foreign sector |
| Answer» A. household sector | |
| 60. |
Which of the following sector is dominant in Kerala economy? |
| A. | agrarian |
| B. | .industrial |
| C. | service |
| D. | none |
| Answer» C. service | |
| 61. |
GST is ---------- based tax on consumption of goods and services: |
| A. | duration |
| B. | destination |
| C. | dividend |
| D. | development |
| Answer» B. destination | |
| 62. |
India chosen ---------- model of dual GST: |
| A. | usa |
| B. | uk |
| C. | canadian |
| D. | china |
| Answer» C. canadian | |
| 63. |
GST stands for: |
| A. | goods and supply tax |
| B. | government sales tax |
| C. | goods and service tax |
| D. | general sales tax |
| Answer» C. goods and service tax | |
| 64. |
Ashok Mehta Committee in 1977 recommended for the establishment of: |
| A. | nagar panchayat |
| B. | panchayat samiti |
| C. | maha panchayat |
| D. | mandal panchayat |
| Answer» D. mandal panchayat | |
| 65. |
Which one of the following was the first committee to demand constitutional recognition for Panchayats? |
| A. | balwantrai mehta committee |
| B. | ashok mehta committee |
| C. | santhanam committee |
| D. | g.v.k.rao committee |
| Answer» A. balwantrai mehta committee | |
| 66. |
When the Land Reform Act was passed? |
| A. | 1950 |
| B. | 1953 |
| C. | 1952 |
| D. | 1957 |
| Answer» A. 1950 | |
| 67. |
Till what time Indian Economy want to become a US$5 trillion dollar economy? |
| A. | 2022-23 |
| B. | 2024-25 |
| C. | 2027-28 |
| D. | 2029-30 |
| Answer» B. 2024-25 | |
| 68. |
What is the base year for calculating India's GDP? |
| A. | 2004-05 |
| B. | 2010-11 |
| C. | 2011-12 |
| D. | 2014-15 |
| Answer» C. 2011-12 | |
| 69. |
As per the Union Budget, 2020-21, what is the highest rate of Direct Tax in India? |
| A. | 20% |
| B. | 35% |
| C. | 30% |
| D. | 40% |
| Answer» C. 30% | |
| 70. |
When was R.B.I. nationalised? |
| A. | 1935 b. |
| B. | 1949 c. |
| C. | 1929 d. |
| D. | 1914 |
| Answer» B. 1949 c. | |
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