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Economic MCQ Questions with answers

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Learn Economic MCQs [Page 2 of Department 8]

11) Which of the following taxes is not levied by any State Government?

(A) CST
(B) excise duty
(C) income tax
(D) none of these
Correct Answer - Option (B)

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

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12) Consider the following statements in respect of the National Rural Employment Guarantee Act, 2005:
1.Under the provision of the Act, 100 days of employment in a year to every household whose adult members volunteer to do unskilled manual work has become a fundamental right
2.Under the provision of the Act, women are to get priority to the extent that one-half of persons who are given employment are women who have asked for work Which of the statement given above is/ are correct?

(A) I only
(B) Both I and II
(C) Neither I nor II
(D) II only
Correct Answer - Option (C)

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

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13) The Standing Committee of State Finance Ministers recommended in January 2000 uniform rates across the States in respect of

(A) agricultural income-tax
(B) stamp duty and registration fees
(C) value-added tax
(D) sales tax
Correct Answer - Option (D)

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

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14) Anthony Lake, best known as Tony Lake is the executive director of _______ .

(A) International Labour Organisation
(B) United Nations Children's Fund (UNICEF)
(C) Food and Agriculture Organisation
(D) International Atomic Energy Agency
Correct Answer - Option (B)

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

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15) Which of the following are under the purview of Industrial Development Bank of India?
1.Unit Trust of India
2.Life Insurance Corporation of India
3.Export-Import Bank
4.State Finance corporation of India Choose the correct answer from the codes given below:

(A) 1, 2 and 4
(B) 1, 3 and 4
(C) 2, 3 and 4
(D) 1,2 and 3
Correct Answer - Option (B)

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

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16) Consider the following commodities :
1.Tea
2.Cotton cloth
3.Cereals
4.Edible oils
5.Sugarcane Among these, whose per capita availability has remained more or less static between 1980-81 and 1987-88 in India?

(A) 1, 4 and 5
(B) 1, 2 and 3
(C) 1, 2, 3 and 4
(D) 2, 3, 4 and 5
Correct Answer - Option (A)

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

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17) The structural changes in exports means

(A) Increasing imports
(B) Change in the commodities of export.
(C) Change in the commodities of imports
(D) Increasing exports along with the imports.
Correct Answer - Option (B)

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

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18) Reserve Bank of India was nationalized in the year

(A) soap industry
(B) small industries
(C) sugar industry
(D) steel industry
Correct Answer - Option (A)

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

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19) Which of the following are the objectives of the Commission for Agricultural Costs and Prices (CACP)? 
A. To stabilize agricultural prices 
B. To ensure meaningful real income levels to the farmers 
C. To protect the interest of the consumers by providing essential agricultural commodities at reasonable rates through public distribution system 
D. To ensure maximum price for the farmer

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

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

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20) What are the measures of checking deflation?
1.Call money market
2.Treasury Bill Market
3.Commercial Bill Market
4.Collateral loan market Choose the correct code.

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

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

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