Economy - Multiple Choice Questions (MCQs) – Page 1

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Recent MCQs

From the following, who is not the part of the governing council of NITI Aayog ?

  1. All Chief Ministers of the States
  2. Chief Ministers of Delhi and Puducherry
  3. Governors of States
  4. Lieutenant Governors of Andaman and Nicobar Islands
Economy

A measure of the total inflation within an economy, including such as food and energy prices is called

  1. Headline inflation
  2. Core inflation
  3. Refined core inflation
  4. None of these
Economy

Mixed Economy means-

  1. Co-existence of small and large industries
  2. Co-existence of public and private sectors
  3. Co-existence of rich and poor
  4. Promoting both agriculture and industry in the economy
Economy

Mixed economy means:

  1. Where agriculture and industry are given equal importance
  2. Where public sector exists along with heavy doses of swadeshi in national economy.
  3. Where globalization is transferred with heavy dose of swadeshi in national economy.
  4. Mixed Economy means where public sector exists along with the private sector in national economy.
Economy

In which one of the following cities, country's first Indian Institute of Skills was established?

  1. Ahmedabad
  2. Mumbai
  3. Rohtak
  4. Kanpur
Economy

What is the effect of deficit financing on economy?

  1. Reduction in taxes
  2. Increase in wages
  3. Increase in money supply
  4. Decrease in money supply
Economy

The largest sources of tax revenue to the Central Government of India are:

  1. Union excise duties and corporate tax
  2. Custom duty and corporate tax
  3. Union excise duty and custom duty
  4. Custom duty and income tax
Economy

At present, India’s crude mortality rate is -

  1. In Below 9%
  2. In Between 9-10%
  3. In Between 10-11%
  4. In Between 11-12%
Economy

Super 301 is related with?

  1. International treaty
  2. Nuclear explosion
  3. Human rights
  4. Obstacle in free trade
Economy

At present the contribution of agriculture to the national income of India stands at:

  1. 55 per cent
  2. 44 per cent
  3. 33 per cent
  4. 18 per cent
Economy

The demographic dividend is:

  1. Working population of above 60 years
  2. Working population of 14 to 50 years
  3. 0-6 years population
  4. Working population of 15 to 59 years
Economy

The present per capita annual consumption of electricity in India is about:

  1. 150 kwh
  2. 350 kwh
  3. 850 kwh
  4. 1,350 kwh
Economy

The headquarter of R.B.I. is situated at:

  1. Delhi
  2. Kolkata
  3. Mumbai
  4. Chennai
Economy

Assertion (A): Indian economy has moved to a higher average GDP growth rate in the last 15 years.
Reason (R): The saving ratio has consistently increased in this period.

Code:

  1. Both A and R are true and R is the correct explanation of A
  2. Both A and R are true but R is not the correct explanation of A
  3. A is true but R is false
  4. A is false but R is true
Economy

Among the following sectors, which contributes most to the savings, in India:

  1. Banking and financial sector
  2. Export sector
  3. Household sector
  4. Private corporate sector
Economy

Which one of the following groups constitutes the largest item of export from India?

  1. Engineering Goods and Tea
  2. Tea, Gems and Jewellery
  3. Readymade Garments and Sugar
  4. Readymade Garments, Gems and Jewellery
Economy

The most appropriate measure of a country’s economic growth is its:

  1. Gross Domestic Product (GDP)
  2. Net Domestic Product (NDP)
  3. Net National Product (NNP)
  4. Per Capital Product (PCP)
Economy

The promoter of National Stock Exchange of India is:

  1. State Bank of India
  2. LIC and GIC
  3. IDBI
  4. All the above
Economy

Which one of the following is not part of the Indian capital market:

  1. IDBI
  2. ICICI
  3. Money market mutual funds
  4. RBI
Economy

Which one of the following is not a measure of reducing inequalities?

  1. Minimum-Needs Programme
  2. Liberalization of economy
  3. Taxation
  4. Land Reforms
Economy

Which of the following committees was set up in India for identification of BPL families in Urban Areas?

  1. Tendulkar Committee
  2. Saxena Committee
  3. Lakdawala Committee
  4. Hashim Committee
Economy

Assertion (A): In recent times, the growth in the public sector employment has been very sluggish in India.
Reason (R): There has been reassessment of the role of State in economic development.

  1. Both A and R are true and R is the correct explanation of A
  2. Both A and R are true but R is not the correct explanation of A
  3. A is true but R is false
  4. A is false but R is true
Economy

Which one of the following committees recommended the abolition of reservation of items for the small scale sector in industry?

  1. Abid Hussain Committee
  2. NarasimhanCommittee
  3. Nayak Committee
  4. Rakesh Mohan Committee
Economy

Which of the following makes recommendation regarding fixing of minimum support price for various crops?

  1. Indian Council of Agricultural Research
  2. NABARD
  3. Commission for Agricultural Costs and Prices
  4. Indian Agricultural Research Institute
Economy