200 Questions of Economics With Answers Including 8 Chapters..

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200QUESTIONSOFECONOMICSWITHANSWERSINCLUDING8CHAPTERS...*MCQ*~TestCurrentAffairs
200 QUESTIONS OF ECONOMICS WITH ANSWERS INCLUDING 8

CHAPTERS...*MCQ*
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CHAPTER1
1.Whowasthefirstadministratorstatesmantoattemptplanningasameansfor
economicdevelopment?
a)SirCPRamaswamiAiyyar
b)MViswesvarayya
c)VTKrishnamachari
d)CRajagopalachari
2.Aneconomyisatthetakeoffstageonitspathtodevelopmentwhenit
a)becomesstagnant
b)beginssteadygrowth
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c)isliberalized
d)getsmaximumforeignaid
3.WhichofthefollowingisthebasiccharacteristicofOligopoly?
a)afewsellers,onebuyer
b)afewsellers,manybuyers
c)afewsellers,afewbuyers
d)manysellers,afewbuyers
4.TheaimofwhichoftheFiveYearPlanswastocorrectthedisequilibriuminthe
economy?
a)FirstFiveYearPlan
b)SecondFiveYearPlan
c)ThirdFiveYearPlan
d)FourthFiveYearPlan
5.WhichofthefollowingFiveYearPlansrecognizedhumandevelopmentasthecore
ofalldevelopmentalefforts?
a)EighthFiveYearPlan
b)SeventhFiveYearPlan
c)FifthFiveYearPlan
d)ThirdFiveYearPlan
6.Whichofthefollowingplansaimedatimprovingthestandardofliving?
a)ThirdPlan
b)FourthPlan
c)FifthPlan
d)SixthPlan
7.Atwhichofthefollowingplaceswastheminingofcoalstartedin1774?
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a)Chhindwara
b)Dhanbad
c)Ranchi
d)Raniganj
8.Inwhichofthefollowingyearswerethecockingcoalsandnoncockingcoalmines
inIndianationalized?
a)1971and1972repetitively
b)1972and1973respectively
c)1973and1974respectively
d)1970and1972respectively
9.WhichIndianstatehasthelargestnumberofcottontextilemills?
a)MadhyaPradesh
b)Maharashtra
c)Gujarat
d)WestBengal
10.MinorportslikeKakinada,Machilipatnam,BheemunipatnamandKrishnapatnam
areinwhichofthefollowingstates?
a)TamilNadu
b)AndhraPradesh
c)Maharashtra
d)Karnataka
11.When,forthefirsttime,didthePrimeMinisterofIndiaannouncethe20point
EconomicProgramme?
a)1973
b)1974
c)1975
d)1976
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12.Whichofthefollowingplansaimedattheremovalofpovertyandattainmentof
selfreliance?
a)secondplan
b)thirdplan
c)fourthplan
d)fifthplan
13.CensusinIndiaisbeingheldregularlyafterevery
a)6years
b)8years
c)10years
d)12years
14.PeoplebelongingtowhatagegroupareeligiblefortrainingunderTRYSEM
scheme?
a)1835
b)2540
c)1850
d)1825
15.Accordingtothecensusin2001,whichcityinIndiahasthelargestpopulation?
a)Kolkatta
b)Mumbai
c)Delhi
d)Chennai
Answers
MViswesvarayya
2.beginssteadygrowth
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3.afewsellers,manybuyers
4.FirstFiveYearPlan
5.EighthFiveYearPlan
6.FourthPlan
7.Raniganj
8.1972and1973respectively
9.Maharashtra
10.AndhraPradesh
11.1975
12.fifthplan
13.10years
14.1835
15.Mumbai
CHAPTER2
1.IntermsofgeographicalareaIndiaoccupieswhatpositionintheworld?
a)Five
b)six
c)seven
d)three
2.Indiadoesnotshareitsboundarywithwhichofthefollowingcountries?
a)China
b)Taiwan
c)Burma
d)Bhutan
3.AgricultureemploysalmostwhatpercentoftheIndianpopulation?
a)90
b)50
c)40
d)70
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4.WhichoneofthefollowingisaKharifcrop?
a)bajra
b)wheat
c)mustard
d)barley
5.Whichoneofthefollowingisarabicrop?
a)rice
b)jowar
c)cotton
d)peas
6.WhoisknownastheFatherofWhiteRevolution?
a)VKurien
b)MSSwaminathan
c)JPNarayan
d)BabaAmte
7.WhowasthechiefarchitectofGreenRevolutionthatsignificantlyimprovedthe
agriculturalyieldinthecountry?
a)MSSwaminathan
b)VRKrishaAiyyar
c)VKurien
d)JawaharlalNehru
8.TheChotaNagpurPlateaufamousforitsmineraldepositsisin
a)UttarPradesh
b)Jharkhand
c)MadhyaPradesh
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d)Bihar
9.TheMumbaiStockExchangewassetupin
a)1875
b)1900
c)1922
d)1947
10.WhatdoesthetermNSDLstandsfor?
a)NationalSecuritiesDevelopmentLimited
b)NationalSecuritiesDepositoryLimited
c)NationalSafetyDevelopmentLimited
d)NaturalSafetyDeploymentLimited
Answers
seven
2.Taiwan
3.70
4.bajra
5.peas
6.VKurien
7.MSSwaminathan
8.Jharkhand
9.1875
10.NationalSecuritiesDepositoryLimited
CHAPTER3
1.Whichoneofthefollowingwaslaunchedwiththeobjectiveofhelpingthepoorin
ruralareastobecomeselfemployed?
a)DPAP
b)IRDP
c)TRYSEM
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d)DDP
2.InIndianeconomy,theprincipalmeansoftransportationis
a)airways
b)railways
c)waterways
d)roadways
3.Whichofthefollowingorganizationslooksafterthecreditneedsofagricultureand
ruraldevelopmentinIndia?
a)FCI
b)IDBI
c)NABARD
d)ICAR
4.WhichofthefollowingestimatestheNationalIncomeinIndia?
a)CentralStatisticalOrganization
b)NationalIncomeCommittee
c)Planningcommission
d)ReserveBankofIndia
5.InIndiawhichofthefollowingtaxesisleviedbythestategovernments?
a)Excisedutyonliquor
b)Capitalgainstax
c)Customstax
d)corporationtax
6.WhichindustryemploysthelargestnumberofwomeninIndia?
a)tea
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b)textile
c)jute
d)coal
7.Whichofthefollowingisnotacashcrop?
a)Jute
b)groundnut
c)jowar
d)sugarcane
8.Aneconomyisatthetakeoffstageonitspathtodevelopmentwhenit
a)becomesstagnant
b)beginssteadygrowth
c)isliberalized
d)getsmaximumforeignaid
9.Whichamongthefollowingtreatiesprovidedforacommoncurrencyforthe
membercountriesofEuropeanCommunity?
a)BrusselsTreaty
b)GenevaConvention
c)MaastrichtTreaty
d)TreatyofVersailles
10.SEBIstandsfor
a)ScienceandEngineeringBoardofIndia
b)SecuritiesandExchangeBoardofIndia
c)SocialEquityBureauofIndia
d)ScienceandEducationalBoardofIndia
11.Withwhichofthefollowingliesthebasicregulatoryauthorityformutualfundsand
stockmarkets?
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a)ReservebankofIndia
b)GovernmentofIndia
c)SEBI
d)StockExchanges
12.WithwhichaspectofcommerceareBullsandBearsassociated?
a)ForeignTrade
b)Stock EXCHANGEMARKET
c)banking
d)internationalfinance
13.WhichofthefollowingisthebasiccharacteristicofOligopoly?
a)afewsellers,onebuyer
b)afewsellers,manybuyers
c)afewsellers,afewbuyers
d)manysellers,fewbuyers
14.StateFinancialCorporationsgiveassistancemainlytodevelop
a)smallandmediumscaleindustries
b)agriculturalfarms
c)cottonindustry
d)largescaleindustries
15.InwhichofthefollowingfieldswasthefirstcooperativemovementinIndia
initiated?
a)agriculturalcredit
b)farmingactivities
c)consumercooperation
d)agriculturalmarketing
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Answers
1.TRYSEM
2.railways
3.NABARD
4.CentralStatisticalOrganization
5.Excisedutyonliquor
6.tea
7.jowar
8.beginssteadygrowth
9.MastrichtTreaty
10.SecuritiesandExchangeBoardofIndia
11.SEBI
12.Stock EXCHANGEMARKET
13.afewsellers,manybuyers
14.smallandmediumscaleindustries
15.agriculturalcredit
CHAPTER4
1.Whichofthefollowingtaxesisaprogressivetax?
a)incometax
b)customtax
c)salestax
d)exciseduty
2.Inwhichyearwasthepolicyofpopulationplanningadoptedbythegovernmentof
India?
a)1947
b)1956
c)1952
d)1962
3.Whichofthefollowingtaxesis/areleviedbytheUnionandcollectedand
appropriatedbythestates?
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a)stampduties
b)passengerandgoodtax
c)estateduty
d)taxesonnewspapers
4.ThetermsTRIPSandTRIMSarerelatedto
a)NAFTA
b)SAPTA
c)EFTA
d)GATT
5.InwhichyearwasthenewliberalizedindustrialpolicyannouncedinIndia?
a)1989
b)1990
c)1991
d)1992
6.DuringwhichFiveYearPlanwastheannualgrowthrateofNationalIncomethe
lowest?
a)secondplan
b)thirdplan
c)fifthplan
d)sixthplan
7.ChelliahCommitteeof1992dealswiththeoverhaulingofour
a)publicsectorundertakings
b)financialsystem
c)taxsystem
d)patentsandcopyrights
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8.Economicplanningisanessentialfeatureof
a)capitalisteconomy
b)socialisteconomy
c)mixedeconomy
d)dualeconomy
9.Whichamongthefollowingisanessentialcharacteristicofmixedeconomy?
a)coexistenceofsmallscaleandlargescaleindustries
b)coexistenceofprivateandpublicsectors
c)assigningequalimportancetobothagricultureandheavyindustries
d)coexistenceoftherichandthepoor
10.Whatisthevalueofgoodsandservicesproducedinacountrywithinayear
called?
a)Nationalincomeatfactorcost
b)netnationaloutput
c)netnationalproductat MARKET
prices
d)grossnationalproductatmarketprices
11.Whichofthefollowingdealswitheconomicoffences?
a)MISA
b)NSA
c)TADA
d)COFEPOSA
12.InIndia,inflationismeasuredby
a) WHOLESALE
priceindexnumber
b)consumerpriceindexforurbannonmanualworkers
c)consumerpriceindexforagriculturalworkers
d)nationalincomedeflation
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13.Whichofthefollowingprogramsmeetsthecreditneedsofpoorwomen?
a)MahilaSamriddhiYojna
b)RashtriyaMahilaKosh
c)IndiraMahilaYojna
d)MahilaSamakhyaProgramme
14.Nationalincomeisthe
a)NetNationalProductatMarketprice
b)NetNationalproductatfactorcoast
c)netdomesticproductatmarketprice
d)netdomesticproductatfactorcost
15.Whichofthefollowingprogramsaimsatthepromotionofsavingsamongrural
women?
b)RashtriyaMahilaKosh
c)MahilaSamriddhiYojna
d)IndiraMahilaYojna
e)JavharRozgarYojna
Answers
1.incometax
2.1952
3.stampduties
4.GATT
5.1991
6.ThirdPlan
7.taxsystem
8.socialisteconomy
9.coexistenceofprivateandpublicsectors
10.grossnationalproductatmarketprices
11.COFEPOSA
12.NationalIncomedeflation
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13.RashtriyaMahilaKosh
14.netdomesticproductatmarketprice
15.MahilaSamriddhiYojna
CHAPTER5
1.Whathappenstomarginalcostwhenaveragecostincreases
a)Marginalcostisbelowaveragecost
b)Marginalcostisaboveaveragecost
c)Marginalcostisequaltoaveragevariablecost
d)Marginalcostisequaltoaveragecost
2.Developmentmeanseconomicgrowthwith
a)pricestability
b)socialchange
c)inflation
d)deflation
3.Whichoneofthefollowingismoreeffectiveincontrollingpricesinthelongrun?
a)decreaseinproduction
b)increaseinproduction
c)decreaseintherateofinterest
d)increaseintherateofemployment
4.Throughopenmarketoperations,theRBIpurchaseandsell
a)foreignexchange
b)gold
c)governmentsecurities
d)allofthese
5.Afirmissaidtobeofoptimumsizewhen
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a)averagetotalcostisataminimum
b)marginalcostisataminimum
c)marginalcostisequaltomarginalrevenue
d)thefirmismaximizingitsprofit
6.Allrevenuesreceived,loansraisedandmoneyreceivedinrepaymentofloansby
theUniongovernmentgointo
a)PublicaccountofIndia
b)ContingencyfundofIndia
c)ConsolidatedfundofIndia
d)Noneoftheabove
7.Thelawofdemandstatesthat
a)demandincreaseswithincreaseinincome
b)whenincomeandpricesrise,thedemandalsorises
c)whenpricefalls,demandincreases
d)whenpriceincreases,demandincreases
8.Thebalanceofpaymentcomprises
a)acurrentaccountofgoodsandservicesonly
b)acapitalaccountoffinancialassetsonly
c)officialsettlementaccountsonly
d)allofthese
9.WhatisNetNationalProduct?
a)Themoneyvalueoffinalgoodsandservicesproducedannuallyintheeconomy
b)Themoneyvalueofannualservicegenerationintheeconomy
c)Themoneyvalueoftangiblegoodsproducedannuallyintheeconomy
d)Themoneyvalueoftangiblegoodsavailableintheeconomy
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10.Otherthingsbeingequal,whatcausesadecreaseindemand?
a)riseinthepriceofthesubstitute
b)fallinthepriceofthecommodity
c)riseintheincomeoftheconsumer
d)riseinthepriceofthecommodity
11.Deflationis
a)deficitbudget
b)reductionintaxation
c)contractioninvolumeofmoneyorcreditthatresultsinadeclineofpricelevel
d)increaseinpublicexpenditure
12.Bankratemeans
a)interestratechargedbymoneylenders
b)interestratechargedbyscheduledbanks
c)rateofprofitofthebankinginstitution
d)theofficialrateofinterestchargedbythecentralbankofthecountry
13.WhichagencyestimatesthenationalincomeofIndia?
a)ReserveBankofIndia
b)PlanningCommission
c)MinistryofFinance
d)CentralStatisticalOrganization
14.WhatisGrossNationalProduct?
a)thetotaloutputofgoodsandservicesproducedbythecountryseconomy
b)thetotaldomesticandforeignoutputclaimedbyresidentsofthecountry
c)thesumofgrossdomesticproductandinvestment
d)nationalincomeminusnationalexpenditure
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15.TheGovernmentofIndiaacquiredtheownershipandcontrolofmajorbanksin
1969whosedepositswerenotlessthan
a)Rs40crore
b)Rs50crore
c)Rs60crore
d)Rs80crore
16.Whatarecostswhichvarywithoutputcalled?
a)overheadcosts
b)indirectcosts
c)primecosts
d)alloftheabove
17.Whichofthefollowingisknownasplasticmoney?
a)bearercheques
b)creditcards
c)demanddrafts
d)giftcheques
18.TogettheNetNationalProduct,wedeductwhatfromtheGrossNationalProduct?
a)directtaxes
b)imports
c)interimpayments
d)loss
19.Whatisthemainpurposeofcurrency?
a)standardofpostponedpayments
b)standardofmoney
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c)mediumofexchange
d)noneofthese
20.Whatdoesdevaluationofacurrencymean?
a)decreaseintheinternalvalueofmoney
b)decreaseintheexternalvalueofmoney
c)decreasebothintheexternalandinternalvaluesofmoney
d)noneofthese
21.Whichofthefollowingisnotadirecttax?
a)estateduty
b)agriculturalincometax
c)stateexcise
d)corporationtax
22.WhichoneofthefollowingwassetupduringtheSeventhFiveYearPlantohelp
thelowincomegroups?
a)NABARD
b)Regionalruralbank
c)NationalHousingBank
d)UTIBank
23.ThelaunchingoffiveyearplansinIndiasawtheintroductionof
a)mixedeconomy
b)socialisteconomy
c)capitalisteconomy
d)closedeconomy
24.LanddevelopmentbanksinIndiaareownedbythe
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a)RBI
b)Stategovernments
c)Commercialbanks
d)Cooperativesocieties
25.Whichofthefollowingtaxesisleviedandcollectedbytheunion,butassignedto
thestates?
a)salestax
b)octroi
c)excise
d)consignmenttax
Answers
1.Marginalcostisaboveaveragecost
2.socialchange
3.increaseinproduction
4.allofthese
5.averagetotalcostisataminimum
6.ConsolidatedfundofIndia
7.whenpricefalls,demandincreases
8.allofthese
9.Themoneyvalueoffinalgoodsandservicesproducedannuallyintheeconomy
10.riseinthepriceofthecommodity
11.contractioninvolumeofmoneyorcreditthatresultsinadeclineofpricelevel
12.theofficialrateofinterestchargedbythecentralbankofthecountry
13.CentralStatisticalOrganization
14.thetotaldomesticandforeignoutputclaimedbyresidentsofthecountry
15.Rs50crore
16.overheadcosts
17.creditcards
18.loss
19.mediumofexchange
20.decreaseintheexternalvalueofmoney
21.agriculturalincometax
22.NABARD
23.mixedeconomy
24.Cooperativesocieties
25.consignmenttax
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CHAPTER6
1.WhichisthelargestcommercialbankinIndia?
b)StateBankofIndia
c)ICICIBank
d)BankofIndia
2.BankofHindustanistheoldestbankinIndia.Whendiditstartfunctioning?
a)1990
b)1770
c)1885
d)1892
3.TheBankofCalcutta,BankofBombayandBankofMadrasweremergedin1921to
form
b)ImperialBankofIndia
c)BankofIndia
d)UnionBankofIndia
4.WhenwastheReserveBankofIndiaestablished?
a)1935
b)1920
c)1928
d)1947
5.WhenwastheImperialBankofIndianationalizedtoformtheStateBankofIndia?
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a)1947
b)1949
c)1951
d)1955
6.TheReserveBankofIndiawasnationalizedin?
a)1947
b)1948
c)1950
d)1956
7.WhatisaBankwhichhascapitalandreservesofoverRs.5lakhscalled?
a)NationalBank
b)CooperativeBank
c)ScheduledBank
d)UnscheduledBank
8.TheExportImport(EXIM)Bankwassetupin
a)1982
b)1983
c)1987
d)1985
9.WhichofthefollowinghasthesolerightofissuingpapernotesinIndia?
a)UnionGovernment
b)ReserveBankofIndia
c)MinistryofFinance
d)SupremeCourt
10.InIndia,coinsandsubsidiarycoinsareissuedby
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a)UnionGovernment
c)MinistryofFinance
d)SupremeCourt
11.Whichofthefollowingisentrustedwiththetaskofreceivingallmoneyonbehalf
oftheGovernmentasalsowiththetaskofmakingpaymentsontheirbehalf?
a)StateBankofIndia
c)MinistryofFinance
d)UnionParliament
12.WhenwastheInternationalMonetaryFund(IMF)established?
a)1944
b)1945
c)1948
d)1950
13).DecisiontakenatBrettonWoodsConferenceledtotheformationof
a)IDA
b)IMF
c)ADB
d)IFC
14.TheInternationalBankforReconstructionandDevelopment(IBRD)isbetterknown
as
a)WorldBank
b)AsianDevelopmentBank
c)IMF
d)Itisknownbyitsname
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15.WhichsisterorganizationoftheWorldBankprovideslongtermloansatzero
interesttothepoorestdevelopingcountries?
a)AsianDevelopmentBank
b)IMF
c)InternationalDevelopmentalAssociation
d)InternationalFinanceCorporation
16.TheInternationalFinanceCorporation(IFC)wasestablishedin?
a)1956
b)1972
c)1985
d)1960
17.WhereistheheadquartersofAsianDevelopmentBank(ADB)situated?
a)Manila
b)Delhi
c)Bangkok
d)HongKong
18.WhichsisterorganizationoftheWorldBankhelpsprivateactivityindeveloping
countriesbyfinancingprojectswithlongtermcapitalintheformofequityandloans?
a)AsianDevelopmentBank
b)IMF
c)InternationalDevelopmentalAssociation
d)InternationalFinanceCorporation
19.WhoisknownastheFatherofEconomics?
a)AdamSmith
b)Chanakya
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c)Machiavelli
d)Noneofthese
20.WhichwasthefirstIndianBanktointroducecreditcard?
a
d)ICICI
21.WhendidIndiabecomeamemberoftheIMF?
a)1947
b)1956
c)1960
d)1951
22.EuroisthecurrencyofEuropeanUnion.Whendiditcomeintobeing?
a)1999
b)1995
c)2000
d)2001
23.WhendidtheForeignExchangeRegulationAct(FERA)comeintobeing?
a)1973
b)1975
c)1980
d)1981
24.WhendidRegionalRuralBanksstartfunctioninginIndia?
a)1975
b)1947
c)1956
d)1960
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25.InIndia,incometaxisleviedby
a)UnionGovernment
b)StateGovernments
c)MinistryofFinance
d)RBI
Answers
1.StateBankofIndia
2.1770
3.ImperialBankofIndia
4.1935
5.1955
6.1948
7.ScheduledBank
8.1982
9.ReserveBankofIndia
10.MinistryofFinance
11.ReserveBankofIndia
12.1944
13.IMF
14.WorldBank
15.InternationalDevelopmentalAssociation
16.1956
17.Manila
18.InternationalFinanceCorporation
19.AdamSmith
20.CentralBankofIndia
21.1947
22.1999
23.1973
24.1975
25.UnionGovernment
CHAPTER7
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1.TheSecuritiesandExchangeBoardofIndia(SEBI)wasestablishedin
a)1992
b)1947
c)1990
d)1976
2.WhichFiveyearPlanisbeingimplementedatpresent?
a)Eleventh
b)Eighth
c)Ninth
d)Tenth
3.Whichofthefollowingisnotadirecttax?
a)Salestax
b)Incometax
c)Wealthtax
d)Estateduty
4.WhoistheexofficiochairmanofPlanningCommission?
a)PrimeMinister
b)President
c)ChiefJusticeofSupremeCourt
d)SpeakerofLokSabha
5.TheIndianeconomyis
a)Capitalist
b)Socialistic
c)Mixed
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d)Federal
6.Whichcertificationindicatesaguaranteeofqualityforagriculturalfoodproducts
likeghee,honey,etc.?
a)ISI
b)Agmark
c)BIS
d)Allofabove
7.WhowasthefirstchairmanofthePlanningCommission?
a)Dr.S.Radhakrishnan
b)JawaharlalNehru
c)Dr.RajendraPrasad
d)Dr.M.Vishveshwaraya
8.WhoistheDeputyChairmanofPlanningCommissionatpresent?
a)MontekSinghAhluwalia
b)BBalakrishnan
c)ManmohanSingh
d)AnilKakodkar
9.InIndiafarmcreditisregulatedby
a)SBI
b)RBI
c)NABARD
d)UnionGovernment
10.Thetermofthe11thFiveYearPlanis
a)20072012
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b)20052010
c)20082013
d)20062011
11.WhenwastheTataIron&SteelCompanysetupatJamshedpur?
a)1907
b)1911
c)1914
d)1921
12.IntermsofsizewhatpositiondoestheIndianeconomyoccupyintheworld?
a)10th
b)12th
c)7th
d)9th
13.WhenwastheGeneralInsuranceCorporationofIndiaformed?
a)1982
b)1972
c)1956
d)1935
14.WhichFiveYearPlanhadadoptedRemovalofPovertyasitsforemostobjective?
a)Second
b)Third
c)Fourth
d)Sixth
15.Duringthefinancialyear200708IndiarecordedaGDPgrowthof
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a)8%
b)8.5%
c)9.1%
d)9.7%
16.Theeconomicliberalizationwasintroducedin
a)1991
b)1990
c)1985
d)1988
17.WhichindustryprovidesthelargestemploymentinIndia?
a)Chemicals
b)Textiles
c)Ironandsteel
d)Jute
18.ThehighestdenominationbanknotebeingincirculationinIndiais
a)500rupeenote
b)1000rupeenote
c)5000rupeenote
d)2000rupeenote
19.WhichperioddidtheFirstFiveyearPlancover?
a)194752
b)195156
c)195055
d)195257
20.WhofinallyapprovestheFiveYearPlan?
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a)ThePresident
b)ThePrimeMinister
c)TheNationalDevelopmentCouncil
d)ThePlanningCommission
21.WhenwastheDecimalcurrencysystemintroducedinIndia?
a)January1955
b)April1955
c)April1951
d)April1957
22).TheIndianrupeeisalegaltenderintwoothercountries.OneisNepal.Theother
is
a)Pakistan
b)SriLanka
c)Bhutan
d)Afghanistan
23.Keralasshoresarefamousforthedepositsof
a)Copper
b)Coal
c)Thorium
d)Ironore
24.WhichofthefollowingtaxesisthelargestsourceofrevenuefortheGovernment
ofIndia?
a)Excise
b)Customs
c)Incometax
d)Corporationtax
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25.TheNationalStockExchange(NSE)islocatedat
a)Mumbai
b)NewDelhi
c)Madras
d)Calcutta
Answers
1.1992
2.Eleventh
3.Salestax
4.PrimeMinister
5.Mixed
6.Agmark
7.JawaharlalNehru
8.MontekSinghAhluwalia
9.NABARD
10.20072012
11.1907
12.12th
13.1972
14.Sixth
15.9.1%
16.1991
17.Textiles
18.1000rupeenote
19.195156
20.TheNationalDevelopmentCouncil
21.April1957
22.Bhutan
23.Thorium
24.Excise
25.Mumbai
CHAPTER8
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1.TheaimofwhichFiveYearPlanwastocorrectthedisequilibriumintheeconomy?
a)FirstFiveyearplan
b)SecondFiveyearplan
c)ThirdFiveyearplan
d)Fourthfiveyearplan
2.WhichofthefollowingistheCentralbankofIndia?
a)StateBankofIndia
b)ReservebankofIndia
c)ImperialBankofIndia
d)PunjabNationalbank
3.TheReserveBankofIndiacameintoexistenceon
a)April1,1936
b)January26,1894
c)August15,1947
d)April1,1947
4.WhichofthefollowingwasthefirstIndianbank?
a)BankofBaroda
b)BankofHindustan
c)PunjabNationalBank
d)StateBankofIndia
5.InwhichofthefollowingyearswaspowerdevelopmentinitiatedinIndia?
a)1900
b)1905
c)1911
d)1915
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6.Howmanybankswerenationalizedin1969?
a)10
b)12
c)13
d)14
7.WhowasthePrimeMinisterofIndiawhennationalizationofbankstookplacein
1969?
a)IndiraGandhi
b)JawaharlalNehru
c)LalBahadurShastri
d)MorarjiDesai
8.Atwhichofthefollowingplaceswasthefirsthydroelectricpowerstation
commissioned?
a)Chambal
b)Damodar
c)Mandi
d)Shivasamudram
9.Garlandcanalprojectenvisagestheconservationofwaterresourcesinthecountry
throughtheconstructionof
a)dams
b)canals
c)embankments
d)noneofthese
10.ThelargestpercentageofbondedlabourinIndiabelongsto
a)scheduledcastes
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b)scheduledtribes
c)otherbackwardclasses
d)noneofthese
11.InwhichofthefollowingyearwastheminingofcoalstartedinIndia?
a)1775
b)1774
c)1800
d)1805
12.WhichofthefollowingisIndiasbiggestdam?
a)BhakraNangal
b)Hirakud
c)Farakka
d)PongDam
13.OnwhichriveristhePongDamhydroelectricpowerprojectbuilt?
a)Ganga
b)Ravi
c)Beas
d)Hughly
14.InIndiawhichcropissownonthelargestarea?
a)Jowar
b)wheat
c)tobacco
d)rice
15.BakraNangalisajointprojectofHaryana,PunjabandRajasthan.Onwhichriveris
thisbuilt?
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a)Yamuna
b)Sindhu
c)Sutlej
d)Ravi
16.OnwhichriveristheHirakuddambuilt?
a)Godavari
b)Kaveri
c)Mahanadi
d)Narmada
17.OnwhichriveristheTehridambuilt?
a)Alakananda
b)Bhagirathi
c)Ganga
d)Hooghly
18.WhichIndianstateleadsintheproductionofrubber?
a)TamilNadu
b)Kerala
c)Karnataka
d)Gujarat
19.WhichIndianstatetopsintheproductionofgypsum?
a)Gujarat
b)Rajasthan
c)Kerala
d)Karnataka
20.IntohowmanyPINcodezonesisIndiadivided?
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a)eight
b)seven
c)six
d)nine
21.Whichstatehasthehighestpercentageofpeoplelivingbelowthepovertyline?
a)UttarPradesh
b)Orissa
c)Bihar
d)MadhyaPradesh
22.WhichofthefollowingisthemostpopulouscityinIndia?
a)Mumbai
b)Delhi
c)Kolkatta
d)Chennai
23.WhichIndianstatehasthelowestpercentageofpeoplelivingbelowthepoverty
line?
a)Punjab
b)Gujarat
c)Karnataka
d)Maharashtra
24.WhichIndianstatehasthehighestpercapitaincome?
a)Haryana
b)Punjab
c)UttarPradesh
d)Karnataka
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25.WhichIndianstatestandsfirstintheproductionofcoffee?
a)Kerala
b)Karnataka
c)Assam
d)Gujarat
Answers
1.FirstFiveyearplan
2.ReservebankofIndia
3.April1,1936
4.BankofHindustan
5.1900
6.14
7.IndiraGandhi
8.Shivasamudram
9.canals
10.scheduledtribes
11.1774
12.BhakraNangal
13.Beas
14.rice
15.Sutlej
16.Mahanadi
17.Bhagirathi
18.Kerala
19.Rajasthan
20.eight
21.Orissa
22.Mumbai
23.Punjab
24.Punjab
25.Karnataka
Nextarticle: TOP100HISTORYGKQUESTIONSFORSSCEXAM
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Readalso:
BASICQUESTIONSAND
ANSWERSOFINDIANECONOMY
ECONOMICSNOTES
ECONOMICS
NOTES
3
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