Economics/MCQ Indian Economy Set 5 Sample Test,Sample questions

Question:
 Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to

1.80 percent

2.83 percent

3.90 percent

4.100 percent


Question:
 General Anti Avoidance Rules (GAAR) in income tax Act will be applicable from

1.April 1, 2015

2.April 1, 2016

3.April 1, 2017

4.April 1, 2018


Question:
 The best indicator of economic development of any country is

1.Its Industrial Development

2.Its Gross Production

3.Its Agricultural Development

4.Its per Capita Income


Question:
 To prevent recurrence of scams in Indian Capital Market, the Government has assigned regulatory powers to

1.RBI

2.SBI

3.SEBI

4.ICICI


Question:
 Which of the following is not an isotope of hydrogen?

1.Tritium

2.Deuterium

3.Protium

4.Yttrium


Question:
All revenues received, loans raised and money received in repayment of loans by the Union government go into

1.Public Account of India

2.Contingencey Fund of India

3.Consolidated Fund of India

4.None


Question:
Biodiversity is richer in:

1.tropical regions

2.polar regions

3.temperate regions

4.oceans


Question:
Brass gets discoloured in air because of the presence of which of the following gases in air?

1.Oxygen

2.Hydrogen sulphide

3.Carbon dioxide

4.Nitrogen


Question:
Chlorophyll is a naturally occurring chelate compound in which central metal is

1.copper

2.magnesium

3.iron

4.calcium


Question:
Corporate Tax is imposed by

1.Local Government

2.State Government

3.Central Government

4.Both Central Government and State Government


Question:
Devaluation of the currency is associated with

1.Reduction in the value of currency

2.Increase in the value of currency

3.Both (A) and (B)

4.None of these


Question:
Disguised unemployment is the prominent feature of

1.Tertiary sector

2.Secondary sector

3.Primary sector

4.All of the above


Question:
How many comapnies share are included in Bombay stock exchange Index and National Stock exchange Index respectively?

1.30 and 100

2.50 and 100

3.30 and 50

4.100 and 50


Question:
If Cash Reserve Ratio(CRR) is reduced, supply of money and volume of credit

1.Increases

2.Decreases

3.Remains constant

4.None of these


Question:
In India, the Bank NABARD does not provide refinance to

1.scheduled commercial banks

2.regional rural banks

3.export-import banks

4.state land development banks


Question:
In which of the following country currency value in relation to US dollar was lowest in the last week of July, 2016?

1.India

2.Pakistan

3.Sri Lanka

4.Bangladesh


Question:
In which year was the first attempt made to enumerate the population of India?

1.1945

2.1951

3.1872

4.1888


Question:
Marshallian approach is popularly known as -

1.Ordinal utility approach

2.Cardinal utility approach

3.The modern utility approach

4.Indifference curve approach


Question:
NABARD was established on the recommendations of -

1.Narsimham Committee

2.Mehta Committee

3.Kelkar Committee

4.Shah Committee


Question:
Name of the state which has the highest percapita income in India:

1.Goa

2.Punjab

3.Maharashtra

4.Gujarat


Question:
National Biodiversity Authority is located at:

1.Punducherry

2.Mangalore

3.Hyderabad

4.Chennai


Question:
Potassium Permanganate is used for purifying drinking water, because

1.it is a sterilising agent

2.it dissolves the impurities of water

3.it is a reducing agent

4.it is an oxidising agent


Question:
Socialism is in favour of

1.Free Competition

2.Planned economy

3.Unplanned economy

4.Equal opportunities


Question:
The agency that estimates national income in India is -

1.RBI

2.Planning Commission

3.Central Statistics Organisation

4.None of these


Question:
The Budget where income is greater than expenditure is called as

1.Surplus Budget

2.Deficit Budget

3.Balanced Budget

4.Zero Based Budget


Question:
The command from a superior officer or a judge to a subordinate right given to a person to act in the name of another, is

1.Mandate

2.Mandamus

3.Manifesto

4.Modvat


Question:
The finance commission in India is -

1.An advisory body

2.A statutory body

3.A constitutional body

4.An autonomous body


Question:
The focus of Second Five Year Plan on

1.Industry

2.Agriculture

3.Education

4.Reduction of Poverty


Question:
The monetary Policy of the country is framed by

1.RBI

2.Ministry of Finance

3.Government of India

4.Planning Commission


Question:
The number of thermal power plants situated in India is

1.109

2.208

3.290

4.310


Question:
The open market operations refer to the sale and purchase by the RBI of

1.Foreign Exchange

2.Gold

3.Government Securities

4.All of these


Question:
The rapidly growing mass of phytoplankton covering the surface water of a lake or pound is known as:

1.Water pollution

2.Water hyacinth

3.Eutrophication

4.Water bloom


Question:
VAT scheme is expected to

1.Raise prices of Foreign goods

2.Raise prices of luxury goods

3.Lower prices of goods of everyday use

4.Avoid repeated payment of duty from the raw materials stage to the final product and thus reduce


Question:
What causes dough (a mixture of flour, water, etc.) to rise when yeast is added to it?

1.An increase in the temperature

2.An increae in the amount of the substance

3.An increase in the number of yeast cells

4.Release of carbon dioxide gas


Question:
What is the condition of Total Utility when Marginal Utility is positive?

1.Maximum

2.Diminishing

3.Increasing

4.Zero


Question:
Which committee was constituted for reforms in tax structure?

1.Narsimham Committee

2.Chelliaha Committee

3.Gadgil Committee

4.Kelker Committee


Question:
Which crop is sown on the largest area in India?

1.Rice

2.Wheat

3.Sugarcane

4.Maize


Question:
Which is the biggest Commercial Bank in India:

1.ICICI Bank

2.HDFC Bank

3.State Bank of India

4.Punjab National Bank


Question:
Which of the following is a non metal that remains liquid at room temperature?

1.Phosphorous

2.Bromine

3.Chlorine

4.Helium


Question:
Which of the following is an element?

1.Ruby

2.Sapphire

3.Emerald

4.Diamond


Question:
Which of the following is not a cannon of taxation given by Adam Smith?

1.Canon of Equity

2.Canon of Certainty

3.Canon of Convenience

4.Canon of Elasticity


Question:
Which of the following is not a part of machinery that settles industrial disputes?

1.Wage Court

2.Works Committee

3.Conciliation officers

4.Board of Conciliation


Question:
Which of the following is used in pencils?

1.Graphite

2.Silicon

3.Charcoal

4.Phosphorous


Question:
Which of the following metals remain in liquid for under normal conditions?

1.Radium

2.Zinc

3.Uranium

4.Mercury


Question:
Which of the following was not one of the important port towns of the cholas?

1.Korkai

2.Mahabalipuram

3.Kaveripattinam

4.Masula


Question:
Which one of the following gases is supporter of combustion?

1.Hydrogen

2.Nitrogen

3.Carbon dioxide

4.Oxygen


Question:
Which state has become the first Indian state to ratify GST Constitution Amendment Bill?

1.Assam

2.Haryana

3.Rajasthan

4.Gujarat


More MCQS

  1. Class 9th Economics
  2. Class 10th Economics
  3. Economics Development
  4. Social Economics -Development
  5. Sectors of Indian Economy
  6. Indian Economy for Competitive Examinations
  7. Economics Bank System MCQS
  8. Economics National Income MCQS Set-1
  9. Economics National Income MCQS Set-2
  10. Economic Growth and Development
  11. Economics Money Banking and International Trade
  12. Economics Nature and Scope of Economics
  13. Economics Production and Production Function
  14. Economic Development and Planning
  15. Economics Balance of Payments
  16. Economics Central Bank
  17. Economics Equilibrium Of National Income
  18. Economics International Economic Organisations
  19. Economics Business and Finance
  20. Economics Economics and Commercial Geography
  21. Economics International Economic Organisations set-2
  22. Economics Money and Value of Money
  23. Economics Demand and Supply Set-1
  24. Economics Economy of Pakistan
  25. Economics Public Finance
  26. Economics Scale Of Production and Laws of Returns
  27. Economics Transport Communication and Human Resources
  28. Economics Wages Rent Interest and Profit
  29. Economics Demand and Supply Set-2
  30. Economics Great Economists and Their Work Set-1
  31. Economics Great Economists and Their Work Set-2
  32. Economics Market and Revenue Curves
  33. Economics Market Equilibrium
  34. Economics National Income Accounting Set-1
  35. Economics World Economy
  36. Economics National Income Accounting Set-2
  37. MCQ Indian Economy Set 5
  38. MCQ Indian Economy Set 1
  39. MCQ Indian Economy Set 2
  40. MCQ Indian Economy Set 3
  41. MCQ Indian Economy Set 4
  42. Indian Economy MCQs Part 1
  43. Indian Economy MCQs Part 2
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