Economics set 2 MCQs

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Showing 342 questions
Q.91 The Government is a statement of expected receipts and expected expenditures of the Government (for the coming fiscal year) that reveals the budgetary policy of the Government to achieve the twin objective of growth and stability.
A Policy
B Plan
C Budget
D Revenue
Discuss / Board
Q.92 In the secondary sector, what kinds of activities are typically carried out?
A Providing support services to industries
B Growing crops and raising livestock
C Extracting natural resources
D Producing finished products from raw materials
Discuss / Board
Q.93 Which term is used to denote the mean income computed for every man, woman, and child in a particular group including those living in group quarters?
A GDP
B Per hundred income
C Per capita income
D PRCS
Discuss / Board
Q.94 Which Five-Year Plan of India was known as the "Mahalanobis Plan"?
A Second Five-Year Plan
B First Five-Year Plan
C Third Five-Year Plan
D Fourth Five-Year Plan
Discuss / Board
Q.95 …..is the total process of collecting, compiling, analyzing and disseminating demographic, economic and social data pertaining, at a specific time, of all persons in a country or a well-defined part of a country.
A Constitution
B Population
C Population Census
D National Survey
Discuss / Board
Q.96 Which of the following statements is correct regarding the ninth five-year plan of India? I. The plan focused on growth with social justice and equality. II. The time period of the ninth-five-year plan is 1997-2002.
A Neither I nor II
B Both I and II
C Only I
D Only II
Discuss / Board
Q.97 Which neighboring country of India experienced a severe economic and sovereign debt crisis in 2022, leading to widespread protests?
A Pakistan
B Sri Lanka
C China
D Bangladesh
Discuss / Board
Q.98 In India, APEDA stands for:
A Agricultural and Pure Food Products Export Development Authority
B Agricultural and Processed Food Products Export Development Authority
C Agricultural and Processed Food material Export Development Authority
D Agricultural and Processed Food Products Import Development Authority
Discuss / Board
Q.99 Which of the following Union Territories of India has the highest sex ratio as per the 2011 census of India?
A Chandigarh
B Puducherry
C Andaman & Nicobar Islands
D Dadra & Nagar Haveli
Discuss / Board
Q.100 Read the statements about India's Five-Year Plans: A) 'Garibi Hatao' (Poverty Alleviation) was a major theme in the 1970s. B) The pursuit of self-reliance was a core objective of early planning.
A Only A
B Neither A nor B
C Both A and B
D Only B
Discuss / Board
Q.101 Who has been named "Governor of the Year" for 2023 at Central Banking Awards 2023?
A Raghuram Rajan
B D. Subbarao
C Urjit Patel
D Shaktikanta Das
Discuss / Board
Q.102 What is the function of the Reserve Bank of India (RBI), with respect to monetary policy?
A Collecting income taxes
B Regulating foreign trade
C Managing fiscal policy
D Issuing currency notes
Discuss / Board
Q.103 In banking terminology, what does 'SLR' stand for?
A Statutory Legal Ratio
B Statutory Liquidity Ratio
C State Liquidity Ratio
D State Legal Ratio
Discuss / Board
Q.104 In India, the dependency ratio of children is a measure of the number of dependents aged .
A 0 to 14
B 0 to 16
C 0 to 18
D 0 to 21
Discuss / Board
Q.105 Read the following about the Green Revolution in India: A) It modernized farming techniques. B) It created regional disparities.
A Only B
B Neither A nor B
C Both A and B
D Only A
Discuss / Board
Q.106 Economists call unemployment prevailing in Indian farms as unemployment.
A disguised
B frictional
C open
D closed
Discuss / Board
Q.107 What is the time period of the Eleventh five-year plan in India?
A 2009-2014
B 2010-2015
C 2007-2012
D 2008-2013
Discuss / Board
Q.108 The government of India to introduced a new economic policy in
A 1995
B 1980
C 1991
D 1947
Discuss / Board
Q.109 Which of the following sectors is the most labour absorbing sector of the economy?
A Industry
B Agriculture
C Service
D Banking
Discuss / Board
Q.110 …….is a state or condition in which an individual or community lacks the financial resources and essentials for a minimum standard of living.
A Poverty
B Illiteracy
C Unethical
D Unemployment
Discuss / Board
Q.111 Average density of population in India is persons per square km, according to 2011 census of India.
A 342
B 322
C 362
D 382
Discuss / Board
Q.112 When a person seems to be working, but their work is not contributing to the output, it is known as .
A Cyclical unemployment
B Frictional unemployment
C Disguised unemployment
D Seasonal unemployment
Discuss / Board
Q.113 Demonetization was a new initiative taken by the Government of India in to tackle the problem of corruption, black money, terrorism and circulation of fake currency in the economy.
A November 2017
B October 2017
C October 2016
D November 2016
Discuss / Board
Q.114 What is the term for the policy of replacing or substituting imports with domestic production?
A International trade
B Export-led growth
C Import substitution
D Import liberalization
Discuss / Board
Q.115 Which of the following is the time period of the Sixth five year plan?
A 1992-1997
B 1974-1979
C 1985 −1990
D 1980-1985
Discuss / Board
Q.116 The Integrated Goods and Services Tax (Amendment) Bill, 2023 amends the Integrated Goods and Services Tax (IGST) Act, .
A 2019
B 2017
C 2013
D 2015
Discuss / Board
Q.117 Which of the following statements is correct regarding Green Revolution? I. Green Revolution made India self-reliant in foodgrain production. II. Post Green Revolution, there is decrease in the use of chemical fertilizers.
A Only II
B Both I and II
C Only I
D Neither I nor II
Discuss / Board
Q.118 During eighth Five year plan, India became a member of the World Trade Organization on 1 January .
A 1978
B 1948
C 1995
D 1998
Discuss / Board
Q.119 Rapid industrialization was the main objective of which of the following five-year plans of India?
A Fourth five-year Plan
B Third five-year Plan
C Second five-year Plan
D First five-year Plan
Discuss / Board
Q.120 Read the following about the supply of Money.
A Both A and B
B Only B
C Neither A nor B
D Only A
Discuss / Board

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