McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , Bachelor of Arts (BA) , Bachelor of Arts in Economics (BA Economics) , Union Public Service Commission (UPSC) .
Chapters
| 101. |
National Development Council is consists of: |
| A. | Members of the Planning Commission |
| B. | Governors of the states |
| C. | Chief Ministers of the states |
| D. | A & C |
| Answer» D. A & C | |
| 102. |
Three annual plan were launched between: |
| A. | 1969 to 1972 |
| B. | 1966 to 1969 |
| C. | 1986 to 1989 |
| D. | 1988 to 1991 |
| Answer» B. 1966 to 1969 | |
| 103. |
The best indicator of economic growth of any country is: |
| A. | Agriculture |
| B. | Transport |
| C. | Gross Domestic Product |
| D. | Population |
| Answer» C. Gross Domestic Product | |
| 104. |
In agricultural sector net value added is estimated by |
| A. | Income method |
| B. | Expenditure method |
| C. | Production method |
| D. | All the three |
| Answer» C. Production method | |
| 105. |
National income is |
| A. | NDP at factor cost |
| B. | NNP at factor cost |
| C. | GNP at market prices |
| D. | NNP at market prices |
| Answer» B. NNP at factor cost | |
| 106. |
To get the Net National Product, what is deducted from the Gross National Product: |
| A. | Direct Taxes |
| B. | Imports |
| C. | Interim payments |
| D. | Depreciation |
| Answer» D. Depreciation | |
| 107. |
Economic Development means economic growth with: |
| A. | Price Stability |
| B. | Social Change |
| C. | Inflation |
| D. | Deflation |
| Answer» B. Social Change | |
| 108. |
The Planning Commission was formed on - |
| A. | 26th January 1950 |
| B. | 15th August 1947 |
| C. | 15th March 1950 |
| D. | none |
| Answer» C. 15th March 1950 | |
| 109. |
The Planning Commission was dissolved on |
| A. | 15th August 2017 |
| B. | 17th August 2014 |
| C. | 26th January 2015 |
| D. | none |
| Answer» B. 17th August 2014 | |
| 110. |
NITI Aayog, was formed via a resolution of the Union Cabinet on |
| A. | 15th August 2017 |
| B. | 17th August 2014 |
| C. | 1st January 2015 |
| D. | none |
| Answer» C. 1st January 2015 | |
| 111. |
NITI Aayog is the premier ‘Policy Think Tank’ of the Government of India, providing |
| A. | directional and policy inputs |
| B. | Regulatory policy planning |
| C. | Monetary instructions |
| D. | none |
| Answer» A. directional and policy inputs | |
| 112. |
The major objectives of NITI Aayog are to - |
| A. | provides technical advice to the Centre and States |
| B. | design strategic and long-term policies/ programmes for Govt. |
| C. | Both of these |
| D. | none |
| Answer» C. Both of these | |
| 113. |
As per Union Budget documents, Nominal GDP of India in the year 2019-20 was |
| A. | 2.96 Trillion USD |
| B. | 3.27 Trillion USD |
| C. | 4.56 Trillion USD |
| D. | none |
| Answer» A. 2.96 Trillion USD | |
| 114. |
NITI Aayog has framed its initiatives for |
| A. | “25-year Road map”, “5- year vision, strategy and 1-year action plans” |
| B. | “15-year Road map”, “7- year vision, strategy and 3 years action plans” |
| C. | "5-year Road map”, “2- year vision, strategy and 1-year action plans” |
| D. | none |
| Answer» B. “15-year Road map”, “7- year vision, strategy and 3 years action plans” | |
| 115. |
As per Ministry of Statistics & Program Implementation, what is the contribution of Primary sector to the GDP of India in the year 2018-19- |
| A. | 50.1 % |
| B. | 15.87% |
| C. | 29.73% |
| D. | none |
| Answer» B. 15.87% | |
| 116. |
As per Ministry of Statistics & Program Implementation, what is the contribution of Tertiary/ Services sector to the GDP of India in the year 2018-19- |
| A. | 54.40 % |
| B. | 15.87% |
| C. | 29.73% |
| D. | none |
| Answer» A. 54.40 % | |
| 117. |
As per Ministry of Statistics & Program Implementation, what is the contribution of secondary sector to the GDP of India in the year 2018-19- |
| A. | 54.40 % |
| B. | 15.87% |
| C. | 29.73% |
| D. | none |
| Answer» C. 29.73% | |
| 118. |
When did India become the member of World Trade Organization |
| A. | On 1 January , 1995 |
| B. | On 15 July, 2009 |
| C. | On 1 April 2011 |
| D. | none |
| Answer» A. On 1 January , 1995 | |
| 119. |
According to 'Ease of doing business index' what is India's ranking |
| A. | 63 |
| B. | 68 |
| C. | 85 |
| D. | none |
| Answer» A. 63 | |
| 120. |
According to nominal Net State domestic product per capita ----- is the richest state in India. |
| A. | Haryana |
| B. | Delhi |
| C. | Goa |
| D. | none |
| Answer» C. Goa | |
| 121. |
According to nominal Net State domestic product per capita ----- is the poorest state in India. |
| A. | Haryana |
| B. | Bihar |
| C. | Orrisa |
| D. | none |
| Answer» B. Bihar | |
| 122. |
What is India's ranking on Human Development Index released by UNDP in the year 2019- |
| A. | 187 |
| B. | 154 |
| C. | 129 |
| D. | none |
| Answer» C. 129 | |
| 123. |
Human Development Index assesses the parameter |
| A. | Life Expectancy Index |
| B. | Education Index |
| C. | GNI Index |
| D. | All the three |
| Answer» D. All the three | |
| 124. |
The gender inequality index in India measures |
| A. | public-private partnership |
| B. | discrimination between males & females |
| C. | discrimination between educated & uneducated |
| D. | none |
| Answer» B. discrimination between males & females | |
| 125. |
In gender inequality index India ranks at 122 out of 162 countries |
| A. | 157 |
| B. | 104 |
| C. | 122 |
| D. | none |
| Answer» C. 122 | |
| 126. |
The Regional Councils of NITI Aayog include |
| A. | Chief Minister of particular state |
| B. | Central Ministers & Secretaries of the sector |
| C. | domain experts of the sector |
| D. | All the three |
| Answer» D. All the three | |
| 127. |
"Antyodaya" scheme of NITI Aayog prioritizes |
| A. | Elimination of poverty |
| B. | spread of education |
| C. | the service & upliftment of poor, marginalized & downtrodden |
| D. | none |
| Answer» C. the service & upliftment of poor, marginalized & downtrodden | |
| 128. |
"Sustainability" as an indicator of economic growth means |
| A. | elimination of poverty |
| B. | more productivity |
| C. | responsible use of resources |
| D. | none |
| Answer» C. responsible use of resources | |
| 129. |
First Five Year Plan was based on … |
| A. | Harrod-Domar Model |
| B. | Mahalanobis Model |
| C. | Sukhmoy Chakraborty |
| D. | none |
| Answer» A. Harrod-Domar Model | |
| 130. |
Which one of the following programs has been implemented to establish girls’ schools in the districts having low female literacy rate? |
| A. | Kasturba Gandhi Education Scheme (KGES)l |
| B. | Indira Gandhi Education Scheme (IGES) |
| C. | Mother Teresa Education Scheme (MTES) |
| D. | none |
| Answer» A. Kasturba Gandhi Education Scheme (KGES)l | |
| 131. |
In terms of total trade (export + import), which among the following is the largest trading partner of India? |
| A. | U.S. |
| B. | China |
| C. | U.K. |
| D. | none |
| Answer» B. China | |
| 132. |
A Closed economy means: |
| A. | Money supply is controlled |
| B. | Digital financing take place |
| C. | Neither exports nor imports |
| D. | none |
| Answer» C. Neither exports nor imports | |
| 133. |
What is Literacy rate |
| A. | Number of illiterate persons to total populations |
| B. | Number of graduate peoples to total population |
| C. | Number of literate persons to total population |
| D. | none |
| Answer» C. Number of literate persons to total population | |
| 134. |
Measuring number of people who die is |
| A. | Infant note |
| B. | Migration Note |
| C. | Morality rate |
| D. | none |
| Answer» C. Morality rate | |
| 135. |
The vicious circle theory states that |
| A. | growing government assistance create addiction to welfare programs. |
| B. | low income levels create pressure for money creation. |
| C. | low income levels create pressure for cheap imports. |
| D. | low per capita income creates low savings that keep incomes low |
| Answer» D. low per capita income creates low savings that keep incomes low | |
| 136. |
The rate of growth of an economy mainly depends upon: |
| A. | The rate of growth of the labour force |
| B. | The proportion of national income saved and invested |
| C. | The rate of technological improvements |
| D. | All of the above |
| Answer» D. All of the above | |
| 137. |
With economic growth, the proportion of labour-force engaged in agriculture: |
| A. | Increases |
| B. | Decreases |
| C. | Remains unaffected |
| D. | Changes in an uncertain manner |
| Answer» B. Decreases | |
| 138. |
The Gini coefficient is a technique frequently used to show: |
| A. | variations in life expectancy |
| B. | income inequality |
| C. | differences in infant mortality |
| D. | the education gap |
| Answer» B. income inequality | |
| 139. |
Disguised unemployment means: |
| A. | Unemployment in agriculture |
| B. | Unemployment due to recession |
| C. | Unemployment due to downturn in business activity |
| D. | Marginal Productivity of Labour (MPL) is zero. |
| Answer» D. Marginal Productivity of Labour (MPL) is zero. | |
| 140. |
During the recessionary phase of a business cycle: |
| A. | The natural rate of unemployment will increase dramatically |
| B. | Potential national income will exceed actual national income |
| C. | Actual national income will exceed potential national income |
| D. | The real rate of interest will exceed the nominal rate of interest. |
| Answer» A. The natural rate of unemployment will increase dramatically | |
| 141. |
India is passing through the phase of population: |
| A. | Explosion |
| B. | Control |
| C. | Stability |
| D. | None of the above |
| Answer» A. Explosion | |
| 142. |
If an economy is underdeveloped, it means: |
| A. | Agriculture is the main occupation |
| B. | Standard of living of people is low |
| C. | Production Techniques are backward and obsolete |
| D. | All of the above |
| Answer» D. All of the above | |
| 143. |
When and by whom was HDI introduced? |
| A. | In 1990 by UNDP |
| B. | In 1989 by World Bank |
| C. | In 1990 by UNO |
| D. | In 1989 by IMF |
| Answer» A. In 1990 by UNDP | |
| 144. |
Indicator of HDI is: |
| A. | Longevity |
| B. | Educational Attainment |
| C. | Standard of Living |
| D. | All of the above |
| Answer» D. All of the above | |
| 145. |
Which plan gave emphasis on removal of poverty for the first time? |
| A. | Fourth |
| B. | Fifth |
| C. | Sixth |
| D. | Seventh |
| Answer» B. Fifth | |
| 146. |
Which are the economic consequences of problem of poverty? |
| A. | increasing Unemployment |
| B. | Capital Deficiency |
| C. | Inadequate economic development |
| D. | All of the above |
| Answer» D. All of the above | |
| 147. |
What is the full form of IRDP? |
| A. | Integrated Rural Development Programme |
| B. | Intelligent Rural Development Programme |
| C. | Induced Rural Development Programme |
| D. | None of the above. |
| Answer» A. Integrated Rural Development Programme | |
| 148. |
What are the salient demographic features of India’s population? |
| A. | Growth rate of population |
| B. | Uneven distribution of population |
| C. | Age composition |
| D. | All of the above |
| Answer» D. All of the above | |
| 149. |
Having insufficient income to provide a minimum standard of living is |
| A. | Absolute poverty |
| B. | Relative poverty |
| C. | None |
| D. | none |
| Answer» A. Absolute poverty | |
| 150. |
In which among the following year was ‘liberalized industrial policy’ in India was announced for the first time? |
| A. | 1992 |
| B. | 1995 |
| C. | 1991 |
| D. | none |
| Answer» C. 1991 | |
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