Economics set 2 MCQs

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Showing 342 questions
Q.1 Which of the following banks is in charge of India's banking and monetary system?
A Union Bank
B RBI
C BOB
D SBI
Discuss / Board
Q.2 Which of the following states has the lowest literacy rate as per Census of India 2011?
A Jharkhand
B Bihar
C Tamil Nadu
D Odisha
Discuss / Board
Q.3 The adoption of the industrial policy of 1956 coincided with which Five-Year Plan?
A 4th Five-Year Plan
B 2nd Five-Year Plan
C 3rd Five-Year Plan
D 1st Five-Year Plan
Discuss / Board
Q.4 Which of the following was true with regard to the Green Revolution?
A Its method of cultivation required less quantity of water
B It was targeted mainly at the pulses-growing areas
C It involved use of high-yielding variety of seeds
D It involved use of organic fertilisers and pesticides
Discuss / Board
Q.5 With regard to the component of population density, which state is the odd one out of the following?
A Tamil Nadu
B Bihar
C Arunachal Pradesh
D Uttar Pradesh
Discuss / Board
Q.6 Which of the following events happened in 1950?
A First Five-Year Plan was started
B The Planning Commission was set up
C First National Agricultural Policy was adopted
D Industrial Policy Resolution was adopted
Discuss / Board
Q.7 Which of the following is a feature of globalisation?
A Self-reliance
B Restrictions on expansion of public sector
C Liberalisation of import licensing
D Disinvestment
Discuss / Board
Q.8 According to Census 2011, which of the following languages is spoken by the least population in India?
A Sanskrit
B Dogri
C Assamese
D Konkani
Discuss / Board
Q.9 At higher levels of development, which sector of the economy contributes less to the GDP?
A Industrial sector
B Service sector
C Both service and agriculture sector
D Agriculture sector
Discuss / Board
Q.10 Which Union Territory has the lowest literacy rate, according to the Census of India 2011?
A Dadra and Nagar Haveli
B Delhi
C Andaman and Nicobar Islands
D Lakshadweep
Discuss / Board
Q.11 Why are the intermediate goods NOT included in the National Income?
A Intermediate goods increases the income.
B Intermediate goods decreases the income.
C For the prevention of double accounting.
D Intermediate goods are not reliable.
Discuss / Board
Q.12 Who among the following was awarded the Bharat Ratna for his contribution to the Green Revolution in India?
A Govind Ballabh Pant
B PV Kane
C C Subramaniam
D APJ Abdul Kalam
Discuss / Board
Q.13 Which sector promotes modernisation and stable employment in the economy?
A Service sector
B Agriculture sector
C Energy sector
D Industrial sector
Discuss / Board
Q.14 As per Census 2011, what is the percentage of rural population in India?
A 52.4%
B 59.3%
C 65.2%
D 68.8%
Discuss / Board
Q.15 Which of the following was NOT an advantage of privatisation?
A Reduced competition
B Overall improved performance
C Additional source of revenue for the government
D Low interference of political motives
Discuss / Board
Q.16 In how many categories are loans provided under the MUDRA loan scheme?
A 1
B 4
C 2
D 3
Discuss / Board
Q.17 If the value/percentage of the cash reserve ratio falls, then the value of money multiplier .
A falls
B None of the above
C remains stable
D rises
Discuss / Board
Q.18 For which of the following sources of financial resources may financial intermediation NOT be required?
A Raising equity via public offering
B Borrowing from banks
C Family funds
D Borrowing from All India Development Financial Institutions
Discuss / Board
Q.19 What distinguishes a bank from other financial institutions?
A Lending
B Accepting deposits
C Providing long term loans
D Accepting loans and borrowings
Discuss / Board
Q.20 Which of the following statements about privatisation is FALSE?
A There was an increase in the cases of disinvestment after the economic reforms of 1991 as compared to the pre-1991 period.
B Improved performance is one of the advantages of privatisation.
C Maruti Udyog Limited was a public sector enterprise before the 1991 economic reforms.
D There is no possibility of exploitation of monopoly power by private companies after privatisation.
Discuss / Board
Q.21 What is the primary purpose of Minimum Support Price (MSP) in Indian agriculture?
A To determine the prices for various farm products purchased by the government
B To determine the price of seeds used in agriculture
C To determine the prices for various farm products for sale in the open market
D To determine the price of fertiliser and electricity paid by farmers
Discuss / Board
Q.22 Which of the following is the most traditional mode of entering into the foreign market?
A Exporting
B Undertaking portfolio investment
C Mergers and acquisitions
D Setting up fully owned manufacturing facilities
Discuss / Board
Q.23 Which instrument was used to measure economic growth during the planning era?
A Per Capita Gross Domestic Product
B Gross Domestic Product
C Per Capita Income
D National Income
Discuss / Board
Q.24 In 2011-12, what percentage of Indian workforce was engaged in secondary sector?
A 30.0%
B 60.4%
C 24.3%
D 15.8%
Discuss / Board
Q.25 Selling of bonds by the RBI will cause money supply to 。
A increase
B No relationship exists between selling bonds and money supply
C fluctuate
D decrease
Discuss / Board
Q.26 What is the national male workforce participation rate as per the Census of India 2011?
A 51.26%
B 53.26%
C 50.26%
D 52.26%
Discuss / Board
Q.27 As per the National Multidimensional Poverty Index Report 2023, which of the following UTs has the lowest poverty rate?
A Jammu and Kashmir
B Ladakh
C Lakshadweep
D Puducherry
Discuss / Board
Q.28 If tax rate decreases with increase in taxable base, then this type of taxation is called:
A regressive
B increasing
C progressive
D degressive
Discuss / Board
Q.29 Growth, as envisaged in the five-year plans, refers to:
A increase in the country's capacity to produce the output of goods and services within the country
B improvement in the state of equity in the country
C improvement in the level of education and primary health in the country
D self-reliance in producing all goods and services it requires, within its geographical boundaries
Discuss / Board
Q.30 With progressive delicensing of industries as part of liberalisation, which of the following is the industry that is removed from the requirement of license?
A Cigars and cigarettes of tobacco, and manufactured tobacco substitutes
B Industrial explosives
C Hazardous chemicals
D Coal and lignite
Discuss / Board

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