Economics set 1 MCQs

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Showing 296 questions
Q.211 Who is the founder of the Grameen Bank and widely considered the father of modern microfinance?
A Muhammad Yunus - Grameen Bank - Pakistan
B Muhammad Yasir - Grameen Bank - Pakistan
C Muhammad Yunus - Grameen Bank - Bangladesh
D Muhammad Yasir - Grameen Bank - Bangladesh
Discuss / Board
Q.212 Which of the following is the main objective of the DWCRA model of SHGs?
A To provide education opportunities for rural children
B To provide housing support for rural families
C To provide self-employment opportunities for rural women
D To provide healthcare services to rural women
Discuss / Board
Q.213 Which of the following is one of the features of capital goods?
A They are durable.
B They are inexpensive.
C They are inferior goods.
D They are Giffen goods.
Discuss / Board
Q.214 Revenue account includes items related to the   .
A previous financial year
B next financial year
C all of the given options
D current financial year
Discuss / Board
Q.215 Who among the following is appointed as the chairman of the 16th  Finance Commission?
A Arvind Panagariya
B Dr Vijay Kelkar
C NK Singh
D YV Reddy
Discuss / Board
Q.216 The Aatmanirbhar Bharat Rojgar Yojana was implemented through which organisation?
A HDFC Bank
B Life Insurance Corporation
C Employees Provident Fund Organisation
D Reserve Bank of India
Discuss / Board
Q.217 Which of the following is a public sector industry in India?
A Steel Authority of India Limited (SAIL)
B Hindustan Unilever Limited
C Bajaj
D Tata Iron and Steel Company (TISCO)
Discuss / Board
Q.218 Which of the following age groups is considered as working population or working age in India?
A 15-59 years
B 15-40 years
C 0-60 years
D 25-65 years
Discuss / Board
Q.219 Which of the following is NOT included in the three main dimensions of the New Industrial Policy, 1991, announced by the Government of India?
A Urbanisation
B Globalisation
C Liberalisation
D Privatisation
Discuss / Board
Q.220 Which of the following states in India had the LOWEST poverty ratio in 2011-2012 as per the Economic Survey 2013-14, released by the Ministry of Finance, Government of India?
A Karnataka
B Haryana
C Kerala
D Gujarat
Discuss / Board
Q.221 Which of the followings is NOT one of the government accounts of India?
A Consolidated Funds of India
B General Provident Fund
C Contingency Fund of India
D Public Accounts of India
Discuss / Board
Q.222 Which of the following are recognised as final goods while estimating the gross domestic product in India? a) Consumption goods b) Intermediate goods c) Capital goods d) Raw materials
A Only a and c
B Only a and b
C Only b and c
D Only b and d
Discuss / Board
Q.223 If the tax rate increases with the taxable base, then this type of taxation is called:
A proportional
B progressive
C digressive
D regressive
Discuss / Board
Q.224 The Integrated Goods and Services Tax (Amendment) Bill, 2023 was introduced in Lok Sabha on 11 August 2023, which amends the   .
A Integrated Goods and Services Tax (IGST) Act, 2017
B Integrated Goods and Services Tax (IGST) Act, 2014
C Integrated Goods and Services Tax (IGST) Act, 2015
D Integrated Goods and Services Tax (IGST) Act, 2016
Discuss / Board
Q.225 Identify the group of states that is a part of Garib Kalyan Rojgar Abhiyaan (As of June 2022).
A Haryana and Punjab
B Assam and West Bengal
C Uttar Pradesh and Jharkhand
D Tamil Nadu and Chhattisgarh
Discuss / Board
Q.226 Calculate the revenue receipts from the following information. Revenue deficit = 2.80% of GDP Revenue expenditure = 10.80% of GDP
A 2.70
B 12.80
C 8.00
D 13.60
Discuss / Board
Q.227 Which of the following is NOT the principle laid down by the OECD about budgetary governance?
A Alignment of budgets with medium-term strategic priorities of the government.
B Design the capital budgeting framework to meet national development needs.
C It does not allow the citizen to participate in budgetary debates.
D The execution of the budget must be proactively planned, managed, and monitored.
Discuss / Board
Q.228 Which of the following is NOT an example of public goods?
A Access to clean air
B Driveway at our home
C Law enforcement
D National defence
Discuss / Board
Q.229 In the context of microfinance, what does 'S' stand for in SHG?
A Self
B Steady
C Social
D Sustainable
Discuss / Board
Q.230 Based on the Tendulkar committee, the National poverty line was defined as which of the following? i. ₹816 per capita per month for rural areas ii. ₹ 1,000 per capita per month for urban areas.
A Both i and ii are incorrect
B Only ii is correct
C Both i and ii are correct
D Only i is correct
Discuss / Board
Q.231 Which of the following is NOT a drawback of the barter system?
A Lack of a common unit of value
B Difficulty in contractual payments
C Double coincidence of wants
D Surplus goods are replaced with other goods
Discuss / Board
Q.232 The National Programme for Civil Services Capacity Building (NPCSCB) envisaged by the Central Government is called …… . .
A Mission Karmayogi
B Seed Scheme
C Sahakar Mitra Scheme
D Seva Nidhi Scheme
Discuss / Board
Q.233 Identify the primary characteristic of the Cooperative Development Foundation (CDF) model of SHGs regarding its focus on membership from the following.
A It exclusively targets poor members.
B It exclusively targets non-poor members.
C It excludes women from membership.
D It includes both poor and non-poor members.
Discuss / Board
Q.234 National Rural Employment Guarantee Act was passed in which of the following years?
A 2005
B 2006 177
C 2004
D 2009
Discuss / Board
Q.235 Who amongst the following stated the Grameen model of microfinance?
A Dr. Manmohan Singh
B Prof. Abhijit Banerjee
C Prof. Amartya Sen
D Prof. Muhammad Yunus
Discuss / Board
Q.236 In 1992, which organisation launched Self Help Group - Bank Linkage Programme?
A SEBI
B SBI
C RBI
D NABARD
Discuss / Board
Q.237 Which of the following sectors engaged the largest percentage of women workers in the year 2019-2020?
A Industry
B Agriculture
C Service
D Mining
Discuss / Board
Q.238 As per the National Multidimensional Poverty Index Report 2021, which of the following states has the least population under poverty?
A Punjab
B Tamil Nadu
C Himachal Pradesh
D Sikkim
Discuss / Board
Q.239 Which of the following sectors had the largest percentage of workforce in urban India in the year 2019-2020?
A Agriculture
B Industry
C Service
D Mining
Discuss / Board
Q.240 Mukhya Mantri Sikho Kamao Yojana was launched by which of these state governments?
A Uttar Pradesh
B Madhya Pradesh
C Gujarat
D Maharashtra
Discuss / Board

Master Economics set 1 for All Competitive Exams 2026

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