Economy - Multiple Choice Questions (MCQs) – Page 7

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Recent MCQs

The Rural Infrastructure Development Fund (RIDF) has been created under:

  1. Reserve Bank of India
  2. NABARD
  3. Ministry of Agriculture
  4. Ministry of Rural Development
Economy

Increasing urbanisation creates:

1) Increase in slum population of metropolitan cities
2) Greater concentration of population in large urban centres
3) Sharp decline in quantity and quality of service in urban areas
4) Rapid upgradation of infrastructure facilities

  1. 1, 2 and 3
  2. 2, 3 and 4
  3. 1, 2 and 4
  4. All the four
Economy

India in recent past has succeeded in attracting large foreign investments in

1. Life Insurance Business
2. Services sector
3. Computer software and hardware
4. Trading
5. Telecommunications
6. Automobile industry

Select the correct answer from the codes given below:
Codes:

  1. 1,2 and 3
  2. 2,4 and 6
  3. 2, 3, 4 and 5
  4. 2, 3, 4, 5 and 6
Economy

The largest share of Gross Domestic Product (GDP) in India comes from

  1. agriculture and allied sectors
  2. manufacturing. Construction, electricity and gas
  3. service sector
  4. defence and Public administration
Economy

Word Bull and Big are associated with which branch of commercial activity:

  1. Foreign Trade
  2. Banking
  3. Share Market
  4. Manufacturing
Economy

Which amongst the following now decide the oil-prices in India?

  1. Ministry of Finance
  2. Respective State Government
  3. Ministry of Petroleum
  4. Oil Companies
Economy

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

Assertion (A): There is a positive relation between Human Development Index (HDI) and Sustainable Development Goals (SDG) ranking of Indian State.
Reason (R): The underlying dimension of SDG targets are closely related to education and health aspect.

Select the correct answer from the codes given below:
Codes:

  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 countries is the third largest economy of the world ?

  1. Japan
  2. Malaysia
  3. India
  4. China
Economy

Which of the following has chosen gross National Happiness as the index of progress:

  1. Sweden
  2. Switzerland
  3. Bhutan
  4. Japan
Economy

Trade related intellectual property rights over the following:

1. trademarks
2. industrial designs
3. geographical indications
4. Labour standards

Choose the correct answer with the aid of the code given below:
Code:

  1. 1 only
  2. 1 and 2
  3. 1, 2 and 3
  4. all of the above
Economy

Which of the following statements about Sugar industry are correct?

1. In the world, India's share in sugar production is over 15 percent.
2. Sugar industry is the second largest agro-based industry in India.
3. India is the largest consumer of sugar.
4. India is the largest producer of sugar.


Select the correct answer from the codes given below:
Codes:

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

Which one of the following States had the lowest per capita income at current prices in the year 2004-05 2023?

  1. Assam
  2. Bihar
  3. Orissa
  4. Uttar Pradesh
Economy

Planning was considered a prerequisite

1. for balanced socio-economic development.
2. for extending the benefits of development in an even manner.
3. for focussing on removal of regional disparities.
4. for maximizing the utilization of available resources.

Select the correct answer from the codes given below:
Codes:

  1. l and 2
  2. 1, 2 and 3
  3. 2, 3 and 4
  4. All the four
Economy

PAN card issued by an Income Tax Department can not be used for which of the following purposes?

  1. As the proof of Address
  2. Proof of identification
  3. Registered taxpayer proof
  4. Date of birth proof
Economy

The word "Actuaries" is related to:

  1. Banking
  2. Insurance
  3. Share-market
  4. None of the above
Economy

Human Development Report 1997 introduced the concept of Human Poverty Index (HPI) but Human Development Report replaced it with Multidimensional Poverty Index (MPI) in the year:

  1. 1999
  2. 2005
  3. 2010
  4. 2015
Economy

Which of the following provides the largest credit to agriculture and allied sectors?

  1. Cooperative Banks
  2. Regional Rural Banks
  3. Commercial Banks
  4. Cooperative and Regional Rural Banks jointly
Economy

Which one of the following is different from the others from the point of view of Tax relief to individuals:

  1. National Savings Certificate
  2. Public Provident Fund
  3. Indira Vikas Patra
  4. National Savings Scheme
Economy

Role of Human Resources in Economic development, which of the following statement/s is/are correct?

1. Effects of economic development on population growth.
2. Effects of population growth in economic development.

Select the correct answer using the code given below—
Code -

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

Who formulates the monetary policy in India?

  1. SEBI
  2. RBI
  3. Finance Ministry
  4. Planning Commission
Economy

Indian economy is characterised as:

  1. Backward Economy
  2. Developed Economy
  3. Developing Economy
  4. Underdeveloped Economy
Economy

Which one of the following is not included in the "National Food Security Missions"?

  1. Oil seeds
  2. Wheat
  3. Rice
  4. Pulses
Economy

Credit Deposit Ratio of Commercial Banks in UP has since 1971:

  1. continuously declined
  2. continuously increased
  3. remained constant
  4. first increased till 1990 and then declined
Economy

Which among the following does not have a 'free trade zone' ?

  1. Kandla
  2. Mumbai
  3. Vishakhapatnam
  4. Thiruvanantpuram
Economy