Economics set 2 MCQs

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Showing 342 questions
Q.301 What is the full form of GST?
A Goods and Services Tax
B Gifts and Services Tax
C Goods and Sale Tax
D Gifts and Sale Tax
Discuss / Board
Q.302 According to Census of India 2011, which state recorded the highest literacy rate in India?
A Kerala
B Goa
C Punjab
D Mizoram
Discuss / Board
Q.303 What does the term 'e-commerce' refer to?
A Trading of commodities
B Buying and selling of goods and services over the internet
C Exchange of goods for services
D Government-regulated commerce
Discuss / Board
Q.304 According to Census of India 2011, which of the following states recorded apopulation density of more than 1100 persons per km2 ?
A Rajasthan
B Punjab
C Kerala
D Bihar
Discuss / Board
Q.305 When was the First Five-Year Plan of India launched?
A 1950
B 1951
C 1952
D 1947
Discuss / Board
Q.306 In business, what is a 'supply chain'?
A A series of businesses that supply products to one another
B The chain of command in a corporation
C A network of all entities involved in producing and delivering a product
D The total stock of a product in a market
Discuss / Board
Q.307 Why is there a need to encourage Indian farmers to switch to sustainable crops / farming systems?
A To increase upfront costs
B To meet the current calorie needs of the population
C To address environmental damage and degradation of ecosystem services
D To reduce the use of technology in agriculture
Discuss / Board
Q.308 What is the primary focus of the ASPIRE scheme of the Ministry of Micro, Small & Medium Enterprises, Government of India?
A Urban development
B Technology innovation
C Environmental conservation
D Establishment of livelihoods business incubation centres
Discuss / Board
Q.309 According to Census of India 2011, which is the second most populated state?
A Bihar
B Tamil Nadu
C Maharashtra
D Rajasthan
Discuss / Board
Q.310 What was the child sex-ratio as per Census 2011 of India?
A 1000
B 890
C 919
D 1024
Discuss / Board
Q.311 According to Census of India 2011, India's population accounts for what percentage of the world's population?
A 15.5%
B 17.5%
C 19.3%
D 21.7%
Discuss / Board
Q.312 Which of the following institutions is referred to as the 'lender of last resort'?
A State Bank of India
B Finance Ministry
C NABARD
D Reserve Bank of India
Discuss / Board
Q.313 Rank the following states in descending order of their percentage share of the population in the country's population, as per Census 2011. Bihar, West Bengal, Rajasthan, Madhya Pradesh
A Rajasthan-Madhya Pradesh-Bihar-West Bengal
B Madhya Pradesh-Bihar-Rajasthan-West Bengal
C Bihar-West Bengal-Madhya Pradesh-Rajasthan
D Bihar-Madhya Pradesh-Rajasthan-West Bengal
Discuss / Board
Q.314 According to Census of India 2011, which state recorded negative population growth rate?
A Manipur
B Nagaland
C Sikkim
D Kerala
Discuss / Board
Q.315 What is the purpose of 'customs duty' in international trade?
A To encourage unlimited imports
B To protect domestic industries by taxing imports
C To standardise products internationally
D To regulate the export of goods
Discuss / Board
Q.316 The office of the Registrar General and Census Commissioner works under which Ministry of Government of India?
A Ministry of Finance
B Ministry of Personnel, Public Grievances and Pensions
C Ministry of Home Affairs
D Ministry of Social Justice and Empowerment
Discuss / Board
Q.317 What is the primary reason for a government to implement a Goods and Services Tax (GST)?
A To simplify the tax structure
B To discourage all kinds of consumption
C To eliminate all indirect taxes
D To increase the complexity of the tax system
Discuss / Board
Q.318 Private income minus tax payment minus non tax payment will give us the estimate for .
A private income
B gross income
C personal disposable income
D national income
Discuss / Board
Q.319 Choose the correct statement/s from the following. i. It is difficult to carry one's wealth under a barter system of transactions. ii. Money is perishable and it cannot be stored. iii. An increase in the price level can diminish the purchasing power of currency.
A i and iii
B ii and iii
C i and ii
D Only ii
Discuss / Board
Q.320 According to Census of India 2011, which state/union territory has the second highest sex ratio?
A Chandigarh
B Tamil Nadu
C Puducherry
D Himachal Pradesh
Discuss / Board
Q.321 If a government wants to boost economic growth in a recession, which measure is it likely to take?
A Increase taxes significantly
B Reduce public spending
C Implement strict trade barriers
D Increase public spending
Discuss / Board
Q.322 According to Census of India 2011, what is the percentage of Hindu population in India?
A 79.8%
B 84.1%
C 75.6%
D 72.7%
Discuss / Board
Q.323 According to Census of India 2011, which state recorded the second highest literacy rate in India?
A Nagaland
B Goa
C Tripura
D Mizoram
Discuss / Board
Q.324 Which of the following is NOT included while estimating National Income? I. Goods sold by street hawkers II. Services of housewives III. Production of vegetable in kitchen garden
A Only II and III
B Only I and II
C Only III
D All I, II and III
Discuss / Board
Q.325 If the government decides to privatise a major public sector industry, what might be an unintended consequence?
A Enhancement of operational efficiency
B Potential monopolistic practices
C Reduction in corruption
D Immediate increase in public revenue
Discuss / Board
Q.326 Which institution was formed on 2 April 1990?
A EXIM Bank
B SIDBI
C |RB|
D NHB
Discuss / Board
Q.327 According to Census of India 2011, what is the population growth rate in the Hindu community?
A 8.3%
B 24.9%
C 16.8%
D 30.2%
Discuss / Board
Q.328 According to Census of India 2011, which state recorded the second lowest literacy rate in India?
A Assam
B Arunachal Pradesh
C Manipur
D Tripura
Discuss / Board
Q.329 Which agency supported the Bihar State Rural Livelihoods Mission (Jeevik(A) in developing digital financial services?
A World Bank
B Bill & Melinda Gates Foundation
C Asian Development Bank
D Reserve Bank of India
Discuss / Board
Q.330 According to Census 2011 of India, which of the following groups of union territories has the highest urban population?
A Chandigarh and Lakshadweep
B Daman & Diu and Lakshadweep
C Puducherry and Lakshadweep
D Puducherry and Chandigarh
Discuss / Board

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