Economics MCQ Quiz Hub

1. Where is located the Directorate of Marketing & Inspection of Agriculture Ministry of India?
New Delhi
Allahabad
Faridabad
Chandigarh

2. Ad Valorem Tax is levied on the basis of which among the following?
Volume
Value
Production
Export

3. Strategy 2020? is a Long-Term Strategic Framework developed by which among the following International Banks?
Asian Development Bank
World Bank
International Finance Corporation
G-20

4. Which among the following in India provides refinance to State Level Finance Corporations / State Industrial Development Corporations / Banks etc. against their loans granted to small scale units?
Small Industries Development Bank of India (SIDBI)
National Bank for Agriculture and Rural Development (NABARD)
Asian Development Bank
Reserve Bank of India

5. A Committee on Tax on Agricultural Wealth and Income recommended a progressive Agricultural Holding Tax (AHT) in 1972.What is the name of this committee?
Bhootlingam Committee
K N Raj Committee
Wanchoo Committee
Khusrau Committee

6. Which among the following statement is incorrect regarding Land Development Banks?
They are cooperative institutions
They meet the needs of the farmers for development purposes
They have three tier structures
They grant loans on mortgage security

7. A new private bank is established under which of the following?
Banking regulation Act 1949
Companies Act 1956
RBI Act 1934
All the above

8. Which of the following organizations provides Buffer Stock Financing Facility ?
Reserve Bank of India
Asian Development Bank
International Monetary Fund
World Bank

9. Which among the following correctly denotes Capital Adequacy ratio ?
(Tier I Capital )divided by Risk weighted assets
(Tier I Capital + Tier II Capital )divided by Risk weighted asset
(Tier I Capital ? Tier II Capital )divided by Risk weighted assets
(Tier II Capital )divided by Risk weighted assets

10. Which among the following is considered as a pioneer of Credit Rating?
J Moodys
MIB Group Inc
Fitch Group
Duff & Phelps

11. Who was the first administrator-statesman to attempt planning as a means for economic development?
Sir CP Ramaswami Aiyyar
M Viswesvarayya
VT Krishnamachari
C Rajagopalachari

12. An economy is at the take off stage on its path to development when it
becomes stagnant
begins steady growth
is liberalized
gets maximum foreign ad

13. Which of the following is the basic characteristic of Oligopoly?
a few sellers one buyer
a few sellers many buyers
a few sellers a few buyers
many sellers a few buyers

14. The aim of which of the Five Year Plans was to correct the disequilibrium in the economy?
First Five Year Plan
Second Five Year Plan
Third Five Year Plan
Fourth Five Year Plan

15. Which of the following Five Year Plans recognized human development as the core of all developmental efforts?
Eighth Five Year Plan
Seventh Five Year Plan
Fifth Five Year Plan
Third Five Year Plan

16. Which of the following plans aimed at improving the standard of living?
Third Plan
Fourth Plan
Fifth Plan
Sixth Plan

17. At which of the following places was the mining of coal started in 1774?
Chhindwara
Dhanbad
Ranchi
Raniganj

18. In which of the following years were the cocking coals and non-cocking coal mines in India nationalized?
1971 and 1972 repetitively
1972 and 1973 respectively
1973 and 1974 respectively
1970 and 1972 respectively

19. Which Indian state has the largest number of cotton textile mills?
Madhya Pradesh
Maharashtra
Gujarat
West Bengal

20. Minor ports like Kakinada Machilipatnam Bheemunipatnam and Krishnapatnam are in which of the following states?
Tamil Nadu
Andhra Pradesh
Maharashtra
Karnataka