General Economy Questions and Answers for competitive exams

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General Economy Questions and Answers for competitive exams UPSC SSC , IAS Prelims, SSC CGL, CHSL, General Awareness Questions Mcq

general economy questions and answers

91.
Which of the following areas make the largest contribution to national income in India?

a
Industry
b
Services
c
Mining
d
Agriculture

92.
Fixed cost is known as

a
Direct cost
b
Prime cost
c
Overhead cost
d
Special cost

93.
Which of the following yields the largest revenue to the Government of India?

a
Excise duty
b
Income tax
c
Sales tax
d
Entertainment tax

94.
The Centre for Agricultural Marketing is located at

a
Nagpur
b
Jaipur
c
Hyderabad
d
New Delhi

95.
One of the essential conditions of perfect competition is :

a
Only one price for identical goods at any one time.
b
multiplicity of prices for identical products at any one time.
c
many sellers and a few buyers.
d
product differentiation

96.
Fiscal policy in India is formulated by

a
Reserve Bank of India
b
SEBI
c
Finance Ministry
d
Planning Commission

97.
The Ganga Action Plan was directed by :

a
Atal Bihari Vajpayee
b
Indira Gandhi
c
Manmohan Singh
d
Rajiv Gandhi

98.
Antyodaya Programme is associated with

a
Demands of textile labourers
b
Upliftment of the poorest of the poor
c
Bringing up cultural revolution in India
d
Liberation of bonded labour

99.
Which of the following 'Public Undertakings' has not been conferred with 'Maharatna' Status ?

a
SAIL
b
ONGC
c
BHEL
d
Coal India Limited

100.
Monetary policy in India is formulated by :

a
Finance Ministry
b
CLB
c
RBI
d
SEBI

101.
Who coined the term 'Hindu rate of growth' for Indian economy?

a
Kirit S. Parikh
b
Montek Singh Ahluwalia
c
A.K. Sen
d
Raj Krishna

102.
The most distinguishing feature of oligopaly is

a
number of firms
b
negligible influence on price
c
price leadership
d
interdependence

103.
When was RBI established?

a
1936
b
1935
c
1943
d
1939

104.
In the post-independence period, economic reforms were first introduced in India under

a
Indira Gandhi Government (1980)
b
Janata Party Government (1977)
c
Rajiv Gandhi Government (1985)
d
P.V. Narasimha Rao Government (1990)

105.
India's biggest nationalised enterprise today

a
the Indian Railways
b
the Indian Telecommu-nication System
c
the Indian Power Sector
d
the Indian Commercial Banking System

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