Economics set 1 MCQs

Practice interactive objective questions for this topic. Select an option to instantly verify your answer and read detailed explanations.

Showing 296 questions
Q.241 In January 2023, the Warehouse Development Regulation Authority (WDRA) signed a memorandum of understanding with   of India to help farmers get low interest rate loans.
A Canara Bank
B Union Bank of India
C Bank of Baroda
D State Bank of India
Discuss / Board
Q.242 What is the main objective of zero-based budgeting?
A Establishing a relationship between inputs and outputs
B Re-evaluation of all the activities every year when budget provisions are made
C Examining the objectives for which funds are provided
D To assess the effectiveness of each programme and activity with the output
Discuss / Board
Q.243 The concept of the Self-Help Group Bank Linkage Program was introduced by:
A RBI
B SIDBI
C NABARD
D SBI
Discuss / Board
Q.244 Which of the following microfinance units were established in India at the time of independence?
A Joint Liability Groups
B Rural Cooperatives
C Grameen Model Banks
D Self Help Groups
Discuss / Board
Q.245 Which of the following is NOT a commercial bank?
A National Bank for Agriculture and Rural Development
B State Bank of India
C The Industrial Credit and Investment Corporation of India Bank
D Development Bank of Singapore
Discuss / Board
Q.246 Which of the following is NOT a component of revenue receipt?
A Grant received by UNESCO
B Amount borrowed from World Bank
C GST
D Fees paid for the registration of property
Discuss / Board
Q.247 Which of the following is the quality of the public goods?
A Non-rivalrous
B Non-divisible
C Excludable
D Rivalrous
Discuss / Board
Q.248 A television set purchased by a household for personal use is an example of which type of good?
A consumer goods
B capital goods
C intermediate goods
D inferior goods
Discuss / Board
Q.249 Which of the following is/are an example of a non-tax revenue receipt?
A External commercial borrowings
B Interest income
C Income tax
D Disinvestment
Discuss / Board
Q.250 How many other members are there in the Finance Commission EXCEPT, Chairman?
A 6
B 3
C 4
D 5
Discuss / Board
Q.251 Where does the cash grants in aid from foreign countries are classified?
A Capital receipt
B Tax revenue
C Revenue expenditure
D Non-tax revenue
Discuss / Board
Q.252 iGOT Karmayogi is an integrated online training platform to provide continuous learning opportunities to………  in order to upgrade their skills.
A Lawyers
B Journalists
C Unorganised Workers
D Individual Civil Service Officials
Discuss / Board
Q.253 In which year was the first Socio Economic and Caste Census (SECC) conducted in India?
A 2011
B 1911
C 1901
D 2001
Discuss / Board
Q.254 Which of the following was the first Regional Rural Bank of India?
A Bandhan Bank
B Utkarsh Bank
C Prathama Bank
D Vishwas Bank
Discuss / Board
Q.255 In which year was the Multi-dimensional Poverty Index launched in India?
A 2022
B 2021
C 2023
D 2020
Discuss / Board
Q.256 What is the usual treatment on repo rates by the Reserve Bank of India in case of a hawkish monetary policy stance?
A Reduced sharply by more than 100 bps
B Kept the same
C Increased
D Reduced gradually
Discuss / Board
Q.257 Which of the following is referred to as 'Near Money'?
A National savings deposits
B Coins
C Bank money
D Currency notes
Discuss / Board
Q.258 Who among the following personalities said, "What I object to is the 'craze' for machinery as such. The craze is for what they call labour saving machinery. Men go on 'saving labour' till thousands are without work and thrown to the open streets to die of starvation."?
A Mahatma Gandhi
B Lal Bahadur Shastri
C Pt. Jawaharlal Nehru
D Swami Vivekananda
Discuss / Board
Q.259 In the context of microfinance in India, the concept of SHG-BLP is used. What does 𝐿 stand for in SHG-BLP?
A Lend
B Lending
C Linkage
D Link
Discuss / Board
Q.260 The National Apprenticeship Promotion Scheme (NAPS) was launched by the Government of India in the year
A 2005
B 2022
C 2016
D 2012
Discuss / Board
Q.261 Why are wealth taxes and gift taxes treated as paper taxes in India?
A Tax payers need to fill out forms only in paper and submit returns.
B It is not mandatory for the government to collect these taxes.
C They do not generate much revenue in comparison to others.
D They are paid only by government employees, members of the Parliament and Legislative assemblies.
Discuss / Board
Q.262 Which of the following is included in the estimation of Gross National Product?
A Sale of securities
B Pension payments
C Sale of used cars
D Sale of new shirts
Discuss / Board
Q.263 In general, deficit is considered as a   concept.
A stock
B surplus
C margin
D flow
Discuss / Board
Q.264 The National Food Security Act (NFS(A) was enacted in which year by the Government of India?
A 2013
B 2001
C 2005
D 2008
Discuss / Board
Q.265 Which of the following is an informal group consisting of 4 to 10 individuals who seek loans against mutual guarantee?
A Self-help group
B Rural cooperatives
C Grameen model bank
D Joint liability group
Discuss / Board
Q.266 The National Food Security Act (NFS(A) was enacted in which year by the Government of India?
A 2013
B 2001
C 2008
D 2005
Discuss / Board
Q.267 India launched the 'National Social Assistance Programme' in:
A 2000
B 1995
C 1990
D 1985
Discuss / Board
Q.268 Where and in which year was the Shri Mahila SEWA Sahakari Bank established?
A Varanasi; 1974
B Varanasi; 1984
C Ahmedabad; 1974
D Ahmedabad; 1984
Discuss / Board
Q.269 Which type of loan is supported by MUDRA?
A Primary loan
B Non-farm loan
C Real estate loan
D Corporate loan
Discuss / Board
Q.270 Which of the following is NOT a part of the capital receipts?
A Borrowing
B Disinvestment
C Tax revenue
D Recovery of loan
Discuss / Board

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