200 QUESTIONS OF ECONOMICS WITH ANSWERS INCLUDING 8 CHAPTERS...*MCQ* CHAPTER 1 1. Who was the first administrator-statesman to attempt planning as a means for economic development? a) Sir CP Ramaswami Aiyyar b) M Viswesvarayya c) VT Krishnamachari d) C Rajagopalachari 2. An economy is at the take off stage on its path to development when it a) becomes stagnant b) begins steady growth c) is liberalized d) gets maximum foreign aid 3. Which of the following is the basic characteristic of Oligopoly? a) a few sellers, one buyer b) a few sellers, many buyers c) a few sellers, a few buyers d) many sellers, a few buyers 4. The aim of which of the Five Year Plans was to correct the disequilibrium in the economy? a) First Five Year Plan b) Second Five Year Plan c) Third Five Year Plan d) Fourth Five Year Plan 5. Which of the following Five Year Plans recognized human development as the core of all developmental efforts? a) Eighth Five Year Plan b) Seventh Five Year Plan c) Fifth Five Year Plan d) Third Five Year Plan 6. Which of the following plans aimed at improving the standard of living? a) Third Plan b) Fourth Plan c) Fifth Plan d) Sixth Plan 7. At which of the following places was the mining of coal started in 1774? a) Chhindwara b) Dhanbad c) Ranchi d) Raniganj 8. In which of the following years were the cocking coals and non-cocking coal mines in India nationalized? a) 1971 and 1972 repetitively b) 1972 and 1973 respectively c) 1973 and 1974 respectively d) 1970 and 1972 respectively 9. Which Indian state has the largest number of cotton textile mills? a) Madhya Pradesh b) Maharashtra c) Gujarat d) West Bengal 10. Minor ports like Kakinada, Machilipatnam, Bheemunipatnam and Krishnapatnam are in which of the following states? a) Tamil Nadu b) Andhra Pradesh c) Maharashtra d) Karnataka 11. When, for the first time, did the Prime Minister of India announce the 20-point Economic Programme? a) 1973 b) 1974 c) 1975 d) 1976 12. Which of the following plans aimed at the removal of poverty and attainment of self- reliance? a) second plan b) third plan c) fourth plan d) fifth plan 13. Census in India is being held regularly after every a) 6 years b) 8 years c) 10 years d) 12 years 14. People belonging to what age group are eligible for training under TRYSEM scheme? a) 18-35 b) 25-40 c) 18-50 d) 18-25 15. According to the census in 2001, which city in India has the largest population? a) Kolkatta b) Mumbai c) Delhi d) Chennai Answers M Viswesvarayya 2. begins steady growth 3. a few sellers, many buyers 4. First Five Year Plan 5. Eighth Five Year Plan 6. Fourth Plan 7. Raniganj 8. 1972 and 1973 respectively 9. Maharashtra 10. Andhra Pradesh 11. 1975 12. fifth plan 13. 10 years 14. 18-35 15. Mumbai CHAPTER 2 1. In terms of geographical area India occupies what position in the world? a) Five b) six c) seven d) three 2. India does not share its boundary with which of the following countries? a) China b) Taiwan c) Burma d) Bhutan 3. Agriculture employs almost what percent of the Indian population? a) 90 b) 50 c) 40 d) 70 4. Which one of the following is a Kharif crop? a) bajra b) wheat c) mustard d) barley 5. Which one of the following is a rabi crop? a) rice b) jowar c) cotton d) peas 6. Who is known as the ‘Father of White Revolution’? a) V Kurien b) MS Swaminathan c) JP Narayan d) Baba Amte 7. Who was the chief architect of Green Revolution that significantly improved the agricultural yield in the country? a) MS Swaminathan b) VR Krisha Aiyyar c) V Kurien d) Jawaharlal Nehru 8. The Chota Nagpur Plateau famous for its mineral deposits is in a) Uttar Pradesh b) Jharkhand c) Madhya Pradesh d) Bihar 9. The Mumbai Stock Exchange was set up in a) 1875 b) 1900 c) 1922 d) 1947 10. What does the term NSDL stands for? a) National Securities Development Limited b) National Securities Depository Limited c) National Safety Development Limited d) Natural Safety Deployment Limited Answers seven 2. Taiwan 3. 70 4. bajra 5. peas 6. V Kurien 7. MS Swaminathan 8. Jharkhand 9. 1875 10. National Securities Depository Limited CHAPTER 3 1. Which one of the following was launched with the objective of helping the poor in rural areas to become self employed? a) DPAP b) IRDP c) TRYSEM d) DDP 2. In Indian economy, the principal means of transportation is a) airways b) railways c) waterways d) roadways 3. Which of the following organizations looks after the credit needs of agriculture and rural development in India? a) FCI b) IDBI c) NABARD d) ICAR 4. Which of the following estimates the National Income in India? a) Central Statistical Organization b) National Income Committee c) Planning commission d) Reserve Bank of India 5. In India which of the following taxes is levied by the state governments? a) Excise duty on liquor b) Capital gains tax c) Customs tax d) corporation tax 6. Which industry employs the largest number of women in India? a) tea b) textile c) jute d) coal 7. Which of the following is not a cash crop? a) Jute b) groundnut c) jowar d) sugarcane 8. An economy is at the ‘take off’ stage on its path to development when it a) becomes stagnant b) begins steady growth c) is liberalized d) gets maximum foreign aid 9. Which among the following treaties provided for a common currency for the member countries of European Community? a) Brussels Treaty b) Geneva Convention c) Maastricht Treaty d) Treaty of Versailles 10. SEBI stands for a) Science and Engineering Board of India b) Securities and Exchange Board of India c) Social Equity Bureau of India d) Science and Educational Board of India 11. With which of the following lies the basic regulatory authority for mutual funds and stock markets? a) Reserve bank of India b) Government of India c) SEBI d) Stock Exchanges 12. With which aspect of commerce are ‘Bulls and Bears’ associated? a) Foreign Trade b) Stock Exchange market c) banking d) international finance 13. Which of the following is the basic characteristic of Oligopoly? a) a few sellers, one buyer b) a few sellers, many buyers c) a few sellers, a few buyers d) many sellers, few buyers 14. State Financial Corporations give assistance mainly to develop a) small and medium scale industries b) agricultural farms c) cotton industry d) large scale industries 15. In which of the following fields was the first co-operative movement in India initiated? a) agricultural credit b) farming activities c) consumer co-operation d) agricultural marketing Answers 1. TRYSEM 2. railways 3. NABARD 4. Central Statistical Organization 5. Excise duty on liquor 6. tea 7. jowar 8. begins steady growth 9. Mastricht Treaty 10. Securities and Exchange Board of India 11. SEBI 12. Stock Exchange market 13. a few sellers, many buyers 14. small and medium scale industries 15. agricultural credit
Posted on: Tue, 01 Oct 2013 05:48:19 +0000
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