Economics/Economics MCQ Questions Sample Test,Sample questions

Question:
A part of the national debt which is known as external debt is__

1.borrowed by its citizens from abroad

2.lent by its citizens to foreign governments

3.borrowed by its government from abroad

4.lent by its government to foreign government


Question:
A systematic record of all economic transactions completed between residents of a country and the rest of the world in a year is known as..?

1.Net Capital Flow

2.Balance of Payment

3.Balance of Trade

4.Absolute Flow


Question:
Disinvestment in public sector is called?

1.Liberalisation

2.Globalisation

3.Industrialisation

4.Privatisation


Question:
For the first time, indicative planning was used in which FIve Year Plan?

1.Third Five Year Plan

2.Fifth Five Year Plan

3.Eighth Five Year Plan

4.Tenth Five Year Plan


Question:
How many of the following Navratna CPSEs (Central Public Sector Enterprises) are there in India?

1.16

2.17

3.18

4.21


Question:
If the average cost falls, what will be the marginal cost?

1.increases at a higher rate

2.falls at the same rate

3.increases at a lower rate

4.falls at a higher rate


Question:
Poverty in India is measured by any one of the following criteria?

1.intake of the calories

2.education level of the family

3.number of rooms of the residence

4.number of family members


Question:
Reserve Bank of India is bound to maintain a reserve against the note issue whatever may be the amount. This system is called as follows:

1.Minimum Reserve System

2.Proportional Reserve System

3.Maximum Fiduciary Issue system

4.Simple deposit system


Question:
Rythu Bazar is a direct Agri produce marketing place in which state?

1.Andhra Pradesh

2.Telangana

3.Both

4.None


Question:
Seema Darshan project for border tourism belongs to which state?

1.Jammu & Kashmir

2.Rajasthan

3.Gujarat

4.Sikkim


Question:
Swarna Jayanti Gram Swarozgar Yojana has now been restructured as which of the following?

1.Prime Minister’s Rojgar Yojana

2.Jawahar Gram Samridhi Yojana

3.National Rural Livelihoods Mission

4.Sampoorna Gramin Rojgar Yojana


Question:
The concept of ‘Universal Banking’ was implemented in India on the recommendations of:

1. Abid Hussain Committee

2. R H Khan Committee

3. S Padmanabhan Committee

4. Y H Malegam Committee


Question:
The consumer gets maximum satisfaction at the point where which of the following happens?

1.Marginal Utility = Price

2.Marginal Utility > Price

3.Marginal Utility < Price

4.Marginal Cost = Price


Question:
The name of Sir Chintaman Dwarkanath Deshmukh is special in the Indian Banking Sector. He was __________?

1.First Indian to establish a Bank in India

2. First Indian to be chairman of State Bank of India

3.First Indian to be governor of the Reserve Bank of India (RBI),

4.Pioneer in Indian Commercial Banking


Question:
Urban Co-operative banks are governed by?

1.State Governments

2.RBI

3.Both a and b

4.Central Government


Question:
What is the currency of Japan?

1.Renminbi

2.Euro

3.Yen

4.Dollar


Question:
What is the main objective of ASPIRE scheme?

1.Set up incubation centres

2.Create new jobs

3.Promote MSME’s

4.All of the above


Question:
What is the percentage of fish produced from the Inland fishery?

1.65%

2.40%

3.30%

4.20%


Question:
When was the Pradhan Mantri Sukanya Samridhi Yojana launched?

1.September 2014

2.August 2015

3.January 2015

4.January 2016


Question:
Which among the following finds highest weight age in the Index of Industrial Production?

1.Electricity

2.Finished Steel

3.Crudeoil

4.Coal


Question:
Which among the following is most important for agricultural productivity?

1.Irrigation

2.Rainfall

3.Seeds

4.Fertilizers


Question:
Which area was to be examined by the Chellaiya Committee?

1.Center-state relations

2.Industrial sickness

3.Taxes

4.Insurance


Question:
Which is the largest producer of Coconut in the country?

1.Karnataka

2.Andhra Pradesh

3.Kerala

4.None of the above


Question:
Which of the economic system have the shortcoming of overproduction and over-exploitation of workers?

1.Socialist system

2.Mixed system

3.Market system

4.Traditional system


Question:
Which of the following comes under the Tertiary sector?

1.Textile manufacturing

2.Tourism

3.Telephone

4.All of the above Hide Answer


Question:
Which of the following equilibrium is equal to capital flows from the rest of the world minus capital flows to the rest of the world?

1.Current Account

2.Savings Account

3.Capital Account

4.Asset Account


Question:
Which of the following is not a measure to control inflation adopted by the Government or RBI? 

1.Monetary Policy

2.Fiscal Policy

3.Financial Inclusion

4.Price Control


Question:
Which organization is funding the poultry venture capital fund scheme?

1.NABARD

2.ICAR

3.Ministry of agriculture

4.Ministry of commerce and industry


Question:
Who among the following presented the Union Budget in 1970?

1.T.T. Krishnamachari

2.C. Subramaniam

3.Indira Gandhi

4.R. Venkatraman


Question:
Who is the author of “India 2020, Journal of Quantitative Economics”?

1.Yoginder K Algah

2.Mihir Shah

3.Raghuram Rajan

4.Bibek Debroy


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