ECONOMICS MCQS SET 02

ECONOMICS MCQS SET 02

1. Which is the largest public sector bank in India?
A) Indian Bank
B) Indian overseas Bank
C) Canara Bank
D) State Bank of India.
 

2. Which is correct with regard to India‟s foreign policy?
A) Promotion of world peace
B) Non- alignment.
C) Panch sheel
D) All of these.
 

3. In India, life expectancy was considerably improved during the year 1981 to 2001 as.
A) 54 years to 65-3 years
B) 50 years to 60 years.
C) 51-2 years to 61 – 3 years
D) 56 years to 66 years
 

4. Which of the following is a direct tax?
A) Sales tax
B) Excise duty
C) Customs duty
D) None of these
 

5. The main thrust of the Industrial policy statement 1977 was to.
(A) Promote large scale industries.
(B) Develop basic industries.
(c) Encourage small scale and cottage industries
(D) Encourage agriculture and allied activities
 

6. Fill in the blanks:
India has been recognized as the __________ country in the world to officially adopt family planning programme in __________
(A) First,1950
(B) Second,1952
(C) First,1952
(D) Second, 1951
 

7. The Insurance Regulatory and Development Authority (IRDA) Act was passed in the year.
(A) 1986
(B) 1991
(C) 1999
(D) 2005
 

8. RBI launched the Market stabilization scheme (MSS) in 2004.
(A) For the sale and purchase of Indian Currency.
(B) As an additional channel to mop up liquidity.
(C) To fix the rate of interest at the lower level.
(D) To Control the general price level.
 

9. The Expert Group to review the methodology for the estimation of poverty in India in the year 2009 was headed by.
(A) V.M. Dandekar
(B) L.R.Jain
(C) Martin Ravillion
(D) S.D. Tendulkar
 

10. Expenditure tax in India was introduced by.
(A) T.T. Krishnamachari
(B) C.Rajagopalchari
(C) Yashwant Sinha
(D) R. Venkatraman.  

ANSWER

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