Economy - Multiple Choice Questions (MCQs) – Page 2

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Recent MCQs

Who had suggested an imposition of "expenditure tax" in India for the first time?

  1. Kalecki
  2. Kaldor
  3. R.J. Chelliah
  4. Gautam Mathur
Economy

The Bimal Jalan Panel was set up by Reserve Bank of India to:

  1. Suggest to minimise the non-performing Asset
  2. Scrutinize application for new bank licences
  3. If Frame guidelines for financial inclusion
  4. Study use of mobiles in delivering banking services
Economy

Government of India first Nationalized of 14 major commercial banks:

  1. In the year of 1956
  2. In the year of 1959
  3. In the year of 1969
  4. In the year of 1971
Economy

The Bank rate is the rate at which:

  1. a bank lends to the public
  2. the RBI lends to the public
  3. the RBI gives credit to the commercial banks
  4. the Government of India lends to other countries.
Economy

Assertion (A): Many industries in India have obtained ISO 9001 and ISO 9002 certification in the recent past.
Reason (R): There has been considerable liberalisation in the licensing policy of the Government of India.


Code:

  1. Both A and R are true and R is the correct explanation of A
  2. Both A and R or 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

Match List – I with List – II and select the correct answer from the code given below the lists.

List – I (Yojna/Programme) List-II (Launching Year)
A. National Rural Health Mission 1. 1995
B. National Social Assistance Programme 2. 2005
C. Swarn Jayanti Gram Swarojgar Yojna 3. 2001
D. Sampoora Grameen Rojgar Yojna 4. 1999

  1. 4 2 1 3
  2. 2 1 4 3
  3. 2 4 1 3
  4. 1 2 3 4
Economy

An increase in CRR by the Reserve Bank of India results in

  1. Decrease in debt of the government.
  2. Reduction in liquidity in the economy.
  3. Attracting more FDI in the country.
  4. More flow of credit to desired sectors.
Economy

In the last one decade which one among the following sectors has attracted the highest Foreign Direct Investment in flows into India?

  1. Chemicals other than fertilisers
  2. Services sector
  3. Food Processing
  4. Telecommunication
Economy

Due to Urbanization in India:

  1. Both birth rates and mortality rate have decreased
  2. Only birth rate has decreased and not rate the mortality
  3. Birth rate and mortality rate have increased
  4. Both birth rates and mortality have unaffected.
Economy

Which of the following Country is India's largest trading partner?

  1. UK
  2. USA
  3. Canada
  4. China
Economy

Which of the following statements is true regarding the trend of unemployment rate in India between July-September, 2019 and July-September, 2022?

1. It remained the same.
2. It declined.

Select the correct answer from the codes given below:

  1. 2 is true and 1 is false
  2. Both 1 and 2 are false
  3. 1 is true and 2 is false
  4. Both 1 and 2 are true
Economy

Devaluation of currency means:

  1. Reduction in the value of a currency vis-a-vis major internationally traded currencies
  2. Permitting a currency to seek its worth in the international market
  3. Fixing the value of currency with the help of IMF and WB
  4. None of the above
Economy

With reference to the "Capital formation" which of the statements is/are correct?

1. Process of capital formation depends on savings and effectiveness of financial institutions.
2. Investment is the essential factor of capital formation.

Select the correct answer using the codes given below.
Codes :

  1. Only 1
  2. Only 2
  3. Both 1 and 2
  4. Neither 1 nor 2
Economy

The tax on import and export is known as

  1. Income Tax
  2. Trade Tax
  3. Custom Duty
  4. None of the above
Economy

Since the economic reforms were launched in India, which one of the following statements is true for Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) of the commercial banks?

  1. Both SLR and CRR have been raised
  2. SLR has been reduced but CRR has been raised
  3. SLR has been increased but CRR has been reduced
  4. Both SLR and CRR have been reduced
Economy

Given below are two statements, one is labelled as Assertion (a) and other as Reason (R):

Assertion (a): Ahmedabad is the largest centre of cotton textile industry in India.
Reason (R) : Ahmedabad is located in Major cotton growing region of India, so it has no problem of raw materials.

Select the correct answer from the codes given below.

  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

How many companies are included in BSE-GREENEX?

  1. 25
  2. 40
  3. 50
  4. 100
Economy

Assertion (A): Presently, there is no clear picture about the extent of poverty in India.
Reason (R): There have been major shifts in the strategy of poverty eradication programmes.

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

What does the term "CerealYield" refer to?

1) The amount of cereal crops produced per unit area of harvested land.
2. The total production of cereal crops in a given country.

Select the correct answer from the codes given below:

  1. Both 1 and 2
  2. Neither 1 nor 2
  3. Only 1
  4. Only 2
Economy

Which one of the following four Foreign Banks operating in India, has the largest number of branches in the country?

  1. City Bank
  2. BNP Paribus Bank
  3. Standard Chartered Bank
  4. HSBC
Economy

Poverty level in India is established on the basis of:

  1. per capita income in different States
  2. house-hold average income
  3. house-hold consumer expenditure
  4. slum population in the country
Economy

The "Eco Mark" Scheme was launched in 1991 to encourage consumers to buy products of less harmful environment impact. Which one of the following consumer products is not notified under this Scheme?

  1. Soaps and Detergents
  2. Paper and Plastics
  3. Cosmetics and Aerosols
  4. Drugs and Antibiotics
Economy

The reason for increase in price of food grain distributed through public distribution system is to:

  1. Allow farmers to receive remunerative prices
  2. To control the consumption of food grain
  3. Lessen the burden of subsidy involved in scheme
  4. Earn profit out of scheme
Economy

Which one of the following is not the problem of Small Scale Industries (SSIs)?

  1. Finances
  2. Marketing
  3. Raw materials
  4. Strikes and lockouts
Economy