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Economic MCQ Questions with answers

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Learn Economic MCQs [Page 10 of Department 8]

91) India's share in the total world production of crude steel is about

(A) 17th largest in the world
(B) 10th largest in the world
(C) largest in the world
(D) 20th largest in the world
Correct Answer - Option (A)

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92) Among the non-foodgrain crops, the largest area is devoted to cultivation of

(A) Sugarcane
(B) Cotton
(C) Jute
(D) Oilseed
Correct Answer - Option (A)

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

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93) Planning Commission of India
1.First Plan 1950-55
2.Third Plan 1961-66
3.Fourth Plan 1966-71
4.Seventh Plan 1985-90

(A) 1 and 3
(B) 1 and 2
(C) 2 and 3
(D) 3 only
Correct Answer - Option (A)

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

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94) Who among the following are the beneficiaries of the MAFALDA?

(A) Small Industries
(B) Jobless Youth
(C) Landless Laborers
(D) Small and Marginal Farmers
Correct Answer - Option (D)

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95) Which of the following component(s) does not fall under the country's threetier public health infrastructure?

(A) 2.31
(B) 1.0
(C) 2.50
(D) 1.5
Correct Answer - Option (C)

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96) Which of the following is correct regarding Shayama Parasad Mukherji Rurban Mission? 
(i) Simultaneous delivery of different schemes 
(ii) Deployment of funds for operations and maintenance of assets along with capital investment for creation of assets 
(iii) Synergy in operations of schemes – leading to optimal use of resources 
Which of the following is/are correct?

(A) i, and ii
(B) i and iii
(C) ii and iii
(D) i, ii and iii
Correct Answer - Option (D)

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97) What are the features of Indian agriculture? 
I) Agriculture is the primary occupation in India as it provides direct livelihood to 70% of its labour force 
II) Agriculture contributes to about 10% of the total value of India's commodity exports 
III) Almost 30% of tea and 50% of coffee and jute produced in the country are exported.

(A) II & III
(B) I & II
(C) I,II,III
(D) All the above
Correct Answer - Option (A)

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98) The 'Interest Rate Policy' is a component of

(A) Fiscal Policy
(B) Trade Policy
(C) Direct Control
(D) Monetary Policy
Correct Answer - Option (D)

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99) Capitalism is based upon 'Laissezfaire system'. What is 'Laissez-faire system'?

(A) Maximum governmental intervention
(B) Limited government Intervention
(C) Role of market forces is minimum
(D) No governmental intervention
Correct Answer - Option (D)

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100) Investment in public works is known as

(A) revenue expenditure
(B) capital expenditure
(C) current expenditure
(D) either (a ) or ( b)
Correct Answer - Option (B)

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