Economics MCQ

Economics MCQ

Economics questions has been playing very vital role in every exams. Candidates find these questions of economics very relatable but find difficulty in answering economics questions because of lack of practice so we are providing reliable and good quality set of environment questions

Candidates who are preparing for different examination these Economics questions are very useful to know how well the preparation is going on. So here is set of some Indian economy questions.

Set of general knowledge questions on economics.

SET-E

 

 

 1. Which of the following statements are correct?

1. Repo rate is the interest rate paid by RBI to banks on short term deposits.
2. A decrease in repo rate will decrease the home loan interest rates.
3. HDFC is a Non-scheduled Commercial bank.
4. SLR is always 20% higher than CRR.

2. Consider the following statements regarding 12^th five year plan

1. Proposal to bring down poverty by 10 percentage points by the end of the 12th Plan and generate five crore new jobs in non-farm sector.
2. Raising agriculture output to 4 per cent for the full Plan
3. It proposes a growth target of 10 percent
4. Target of adding over 88,000 MW of power generation capacity in the 12th five year plan

Which of the above is/are targets in the 12^th plan?

1. 1 and 2
2. 1, 2 and 3
3. 1, 2 and 4
4. All of the above

 

3. Urijit Patel Committee has observed that

1. CPI lower than 2% is good for economy but CPI higher than 6% is bad for economy
2. CPI lower than 2% facilitates growth but CPI higher than 6% reduces employment.
3. CPI lower than 2% and higher than 6%, are bad for GDP and employment.
4. None of above.

4. Among other things, which one of the following was the purpose for which Deepak Parekh Committee was constituted?

1. To study the current socio-economic conditions of certain minority communities
2. To suggest measures for financing the development of infrastructure
3. To frame a policy on the genetically modified organisms
4. To suggest measures to reduce the fiscal deficit in the Union budget

5. Consider the following statements about the national Agricultural Insurance Scheme (NAIS)?

1. In National Agricultural insurance Scheme (NAIS), the premium of the insurance for the different crops is same.
2. The National Agricultural Insurance Scheme (NAIS) has no any sun-set clause for the premium subsidy provided by the governments.

Which of the statements given above is/are correct?

(a) Only 1                   (b) Only 2

(c) Both 1 and 2        (d) Neither 1 nor 2

6. The importance of agriculture in Indian Economy is indicated by its contribution to which of the following?

1.  National income and employment
2.  Industrial development and international trade
3. Supply of Food grains
4.  All of the above

 7. Consider the following statements

1. Money Supply measures M0, M1 and M3 are widely used in India.
2. Money Supply measures M2 and M4 are rarely used in India.

Which of the statements given above is/are correct?

(a) Only 1                       (b) Only 2

             (c) Both 1and 2             (d) Neither 1 nor 2

 

 8. Consider the following statements

1. Regarding the producerement of foodgrains, Governement of India of India follows a procurement target rather than an open-ended procurement policy.
2. Government of India announces minimum support prices only for cereals.
3. For the distribution under Targeted Public Distribution system (TPDS), wheat and rice are issued by the Government of India at uniform States/Union Territories.

Which of the statements given above is/are correct?

(a) 1, 2 and 3           (b) 1 and 3

(c) 2 and 3               (d) Only 2

 

9. Urjit Patel Committee has observed that

1. CPI lower than 2% is good for economy but CPI higher than 6% is bad for economy
2. CPI lower than 2% facilitates growth but CPI higher than 6% reduces employment.
3. CPI lower than 2% and higher than 6%, are bad for GDP and employment.
4. None of above.

10. Which one of the following does not constitute a part of the jurisdiction of WTO?

(a) Trade related tariff and non-tariff barriers

(b) Trade related intellectual property rights

(c) Agreement related to agriculture

(d) Regional trade agreements

 

Solutions:-(1=A,2=B,3=C,4=D)

1. B
2. C
3. C
4. B
5. D
6. D
7. C
8. B
9. C
10. D

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