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Economic MCQ Questions with answers

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Learn Economic MCQs [Page 1 of Department 8]

1) Consider the following statement:
1.Provision of public goods
2.Provision of merit goods
3.Poverty reduction.
 Which among the following code is/are correct

(A) 3 only
(B) 1 only
(C) 4 only
(D) 2 only

Category: Economic Added by: Vishal Gupta

Correct Answer - Option (A)

No Explanation found. Add Explanation and get +2 points.

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2) Indian Human Development Report does not give for each sample village

(A) the Phillips curve would shift to the right.
(B) wages would fall.
(C) the rate of infl ation would increase
(D) the natural rate of unemployment would fall.

Category: Economic Added by: Vishal Gupta

Correct Answer - Option (D)

No Explanation found. Add Explanation and get +2 points.

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3) Twin balance sheet problem refers to-

(A) A malpractice of accounting in MSME sector
(B) Over-indebtedness in the corporate and banking sectors
(C) Over-indebtedness of State governments and Central government
(D) A malpractice of accounting in corporate sector

Category: Economic Added by: Vishal Gupta

Correct Answer - Option (B)

No Explanation found. Add Explanation and get +2 points.

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4) Which of the following States in India has the highest density of population?

(A) Assam
(B) Kerala
(C) Bihar
(D) Uttar Pradesh

Category: Economic Added by: Vishal Gupta

Correct Answer - Option (C)

No Explanation found. Add Explanation and get +2 points.

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5) Which of the following Five-Year Plans was terminated one year before its completion?

(A) Fourth
(B) Third
(C) Second
(D) Fifth

Category: Economic Added by: Vishal Gupta

Correct Answer - Option (D)

No Explanation found. Add Explanation and get +2 points.

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6) Which statement is not correct according to MEIS? 
I. Agricultural and village industry products to be supported across the globe at rates of 3% and 5% under MEIS 
II. Higher level of support to be provided to processed and packaged agricultural and food items under MEIS.

(A) Only II
(B) Both I & II
(C) Only I
(D) None of the above

Category: Economic Added by: Vishal Gupta

Correct Answer - Option (B)

No Explanation found. Add Explanation and get +2 points.

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7) Consider the following statements :
1.The forest cover in India Constitutes around 20% of its geographical area. Out of the total forest cover, dense forest constitutes around 40%
2.The National Forestry Action Programme aims at bringing one-third of the area of India under tree/forest cover. Which of the statements given above is/are correct?

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) Neither 1 nor 2

Category: Economic Added by: Madhu

Correct Answer - Option (B)

No Explanation found. Add Explanation and get +2 points.

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8) India is regarded as a country with 'Demographic Dividend''. This is due to

(A) Its high population in the age group of 15-64 years.
(B) Its high population in the age group above 65 years.
(C) Its high total population.
(D) Its high population in the age group below 15 years.

Category: Economic Added by: Madhu

Correct Answer - Option (A)

No Explanation found. Add Explanation and get +2 points.

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9) Who among the following constitute the National Development Councils?
1.Bulk of employment in India is in rural areas
2.The disguised unemployment in agricultural sector is perennial
3.Industrialization has rendered several people jobless in India. Which of the statement(s) given above is/ are correct?

(A) 1 and 2 only
(B) 1, 2, 3 and 4
(C) 1, 2 and 3 only
(D) 1, 3 and 4 only

Category: Economic Added by: Madhu

Correct Answer - Option (D)

No Explanation found. Add Explanation and get +2 points.

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10) Consider the following statements :
1.Removal of poverty
2.Rehabilitation of economy
3.Heavy industrialisation
4.Import substitution Arrange them in correct priority order in different Five-Year Plans

(A) 2, 1, 4, 3
(B) 1, 2, 3, 4
(C) 2, 1, 3, 4
(D) 1, 2, 4, 3

Category: Economic Added by: Madhu

Correct Answer - Option (D)

No Explanation found. Add Explanation and get +2 points.

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