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Daily Random Quiz 2013
This page contains the Current affairs MCQs
of every month of the year 2013 . To solve
the Current affairs MCQs of the year 2014
...
CHAPTER 1
1. Who was the first administrator-statesman to attempt planning as a means for economic
development?
a)
b)
c)
d)
a)
b)
c)
d)
becomes stagnant
begins steady growth
is liberalized
gets maximum foreign aid
a)
b)
c)
d)
a few
a few
a few
many
sellers,
sellers,
sellers,
sellers,
one buyer
many buyers
a few buyers
a few buyers
200 QUESTIONS OF
ECONOMICS WITH ANSWERS
INCLUDING 8
CHAPTERS...*MCQ*
CHAPTER 1 1. Who was the
first administrator-statesman to attempt
planning as a means for economic
development? a) Sir CP Ramaswam...
4. The aim of which of the Five Year Plans was to correct the disequilibrium in the economy?
Hindi Quiz
a)
b)
c)
d)
UPSC GS
5. Which of the following Five Year Plans recognized human development as the core of all
developmental efforts?
a)
b)
c)
d)
http://testcurrentaffairs.blogspot.in/2012/10/200-questions-of-economics-with-answers.html
? A)
B)
C) D) ...
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a)
b)
c)
d)
Third Plan
Fourth Plan
Fifth Plan
Sixth Plan
7. At which of the following places was the mining of coal started in 1774?
a)
b)
c)
d)
Chhindwara
Dhanbad
Ranchi
Raniganj
8. In which of the following years were the cocking coals and non-cocking coal mines in India
nationalized?
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a)
b)
c)
d)
1971 and
1972 and
1973 and
1970 and
1972 repetitively
1973 respectively
1974 respectively
1972 respectively
Current Affairs
Like
9. Which Indian state has the largest number of cotton textile mills?
a)
b)
c)
d)
Madhya Pradesh
Maharashtra
Gujarat
West Bengal
10. Minor ports like Kakinada, Machilipatnam, Bheemunipatnam and Krishnapatnam are in which of
the following states?
a)
b)
c)
d)
Tamil Nadu
Andhra Pradesh
Maharashtra
Karnataka
11. When, for the first time, did the Prime Minister of India announce the 20-point Economic
Programme?
a)
b)
c)
d)
Chat Box
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2 online
1973
1974
1975
1976
12. Which of the following plans aimed at the removal of poverty and attainment of self-reliance?
a)
b)
c)
d)
second plan
third plan
fourth plan
fifth plan
a)
b)
c)
d)
6 years
8 years
10 years
12 years
14. People belonging to what age group are eligible for training under TRYSEM scheme?
a)
b)
c)
d)
18-35
25-40
18-50
18-25
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BLOG ARCHIVE
2014 (25)
2013 (71)
2012 (167)
December (18)
November (58)
15. According to the census in 2001, which city in India has the largest population?
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October (55)
1 NOVEMBER 2012 MCQ QUIZ QnA
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MCQ OCTOBER 31
a)
b)
c)
d)
Kolkatta
Mumbai
Delhi
Chennai
Answers
M Viswesvarayya
2. begins steady growth
3. a few sellers, many buyers
4. First Five Year Plan
5. Eighth Five Year Plan
6. Fourth Plan
7. Raniganj
8. 1972 and 1973 respectively
9. Maharashtra
10. Andhra Pradesh
11. 1975
12. fifth plan
13. 10 years
14. 18-35
15. Mumbai
CHAPTER 2
a)
b)
c)
d)
Five
six
seven
three
2. India does not share its boundary with which of the following countries?
a)
b)
c)
d)
China
Taiwan
Burma
Bhutan
HISTORY 5 QUESTIONS
OCT 2012 GK CURRENT NEWS
MCQ HISTORY 14 october
a)
b)
c)
d)
90
50
40
70
a)
b)
c)
d)
bajra
wheat
mustard
barley
8 OCT MCQ
QUIZ OCTOBER 7, 2O12
GS QUIZ
GK Quiz 5 OCT 2012
Gandhi Special Quiz 2 OCT
GK Quiz 2 October 2012
September (15)
July (13)
a)
b)
c)
d)
rice
jowar
cotton
peas
a)
b)
c)
d)
V Kurien
MS Swaminathan
JP Narayan
Baba Amte
June (8)
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7. Who was the chief architect of Green Revolution that significantly improved the agricultural yield
in the country?
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a)
b)
c)
d)
MS Swaminathan
VR Krisha Aiyyar
V Kurien
Jawaharlal Nehru
a)
b)
c)
d)
Uttar Pradesh
Jharkhand
Madhya Pradesh
Bihar
a)
b)
c)
d)
1875
1900
1922
1947
a)
b)
c)
d)
Answers
seven
2. Taiwan
3. 70
4. bajra
5. peas
6. V Kurien
7. MS Swaminathan
8. Jharkhand
9. 1875
10. National Securities Depository Limited
CHAPTER 3
1. Which one of the following was launched with the objective of helping the poor in rural areas to
become self employed?
a)
b)
c)
d)
DPAP
IRDP
TRYSEM
DDP
a)
b)
c)
d)
airways
railways
waterways
roadways
3. Which of the following organizations looks after the credit needs of agriculture and rural
development in India?
a)
b)
c)
d)
FCI
IDBI
NABARD
ICAR
a)
b)
c)
d)
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a)
b)
c)
d)
a)
b)
c)
d)
tea
textile
jute
coal
a)
b)
c)
d)
Jute
groundnut
jowar
sugarcane
a)
b)
c)
d)
becomes stagnant
begins steady growth
is liberalized
gets maximum foreign aid
9. Which among the following treaties provided for a common currency for the member countries
of European Community?
a)
b)
c)
d)
Brussels Treaty
Geneva Convention
Maastricht Treaty
Treaty of Versailles
a)
b)
c)
d)
11. With which of the following lies the basic regulatory authority for mutual funds and stock
markets?
a)
b)
c)
d)
12. With which aspect of commerce are Bulls and Bears associated?
a)
b)
c)
d)
Foreign Trade
Stock Exchange market
banking
international finance
a)
b)
c)
d)
a few
a few
a few
many
sellers,
sellers,
sellers,
sellers,
one buyer
many buyers
a few buyers
few buyers
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a)
b)
c)
d)
15. In which of the following fields was the first co-operative movement in India initiated?
a)
b)
c)
d)
agricultural credit
farming activities
consumer co-operation
agricultural marketing
Answers
1. TRYSEM
2. railways
3. NABARD
4. Central Statistical Organization
5. Excise duty on liquor
6. tea
7. jowar
8. begins steady growth
9. Mastricht Treaty
10. Securities and Exchange Board of India
11. SEBI
12. Stock Exchange market
13. a few sellers, many buyers
14. small and medium scale industries
15. agricultural credit
CHAPTER 4
1. Which of the following taxes is a progressive tax?
a)
b)
c)
d)
income tax
custom tax
sales tax
excise duty
2. In which year was the policy of population planning adopted by the government of India?
a)
b)
c)
d)
1947
1956
1952
1962
3. Which of the following taxes is/are levied by the Union and collected and appropriated by the
states?
a)
b)
c)
d)
stamp duties
passenger and good tax
estate duty
taxes on newspapers
a)
b)
c)
d)
NAFTA
SAPTA
EFTA
GATT
5. In which year was the new liberalized industrial policy announced in India?
a)
b)
c)
d)
1989
1990
1991
1992
6. During which Five Year Plan was the annual growth rate of National Income the lowest?
a) second plan
b) third plan
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c) fifth plan
d) sixth plan
a)
b)
c)
d)
a)
b)
c)
d)
capitalist economy
socialist economy
mixed economy
dual economy
a)
b)
c)
d)
co-existence of
co-existence of
assigning equal
co-existence of
10. What is the value of goods and services produced in a country within a year called?
a)
b)
c)
d)
a)
b)
c)
d)
MISA
NSA
TADA
COFEPOSA
a)
b)
c)
d)
13. Which of the following programs meets the credit needs of poor women?
a)
b)
c)
d)
a)
b)
c)
d)
15. Which of the following programs aims at the promotion of savings among rural women?
b)
c)
d)
e)
Answers
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1. income tax
2. 1952
3. stamp duties
4. GATT
5. 1991
6. Third Plan
7. tax system
8. socialist economy
9. co-existence of private and public sectors
10. gross national product at market prices
11. COFEPOSA
12. National Income deflation
13. Rashtriya Mahila Kosh
14. net domestic product at market price
15. Mahila Samriddhi Yojna
CHAPTER 5
1. What happens to marginal cost when average cost increases
a)
b)
c)
d)
Marginal
Marginal
Marginal
Marginal
cost is
cost is
cost is
cost is
a)
b)
c)
d)
price stability
social change
inflation
deflation
3. Which one of the following is more effective in controlling prices in the long run?
a)
b)
c)
d)
decrease in production
increase in production
decrease in the rate of interest
increase in the rate of employment
a)
b)
c)
d)
foreign exchange
gold
government securities
all of these
a)
b)
c)
d)
6. All revenues received, loans raised and money received in repayment of loans by the Union
government go into
a)
b)
c)
d)
a)
b)
c)
d)
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a)
b)
c)
d)
The
The
The
The
money
money
money
money
value
value
value
value
of
of
of
of
a)
b)
c)
d)
11. Deflation is
a)
b)
c)
d)
deficit budget
reduction in taxation
contraction in volume of money or credit that results in a decline of price level
increase in public expenditure
a)
b)
c)
d)
a)
b)
c)
d)
a)
b)
c)
d)
the total output of goods and services produced by the countrys economy
the total domestic and foreign output claimed by residents of the country
the sum of gross domestic product and investment
national income minus national expenditure
15. The Government of India acquired the ownership and control of major banks in 1969 whose
deposits were not less than
a)
b)
c)
d)
Rs
Rs
Rs
Rs
40 crore
50 crore
60 crore
80 crore
a)
b)
c)
d)
overhead costs
indirect costs
prime costs
all of the above
a)
b)
c)
d)
bearer cheques
credit cards
demand drafts
gift cheques
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18. To get the Net National Product, we deduct what from the Gross National Product?
a)
b)
c)
d)
direct taxes
imports
interim payments
loss
a)
b)
c)
d)
a)
b)
c)
d)
a)
b)
c)
d)
estate duty
agricultural income tax
state excise
corporation tax
22. Which one of the following was set up during the Seventh Five Year Plan to help the low income
groups?
a)
b)
c)
d)
NABARD
Regional rural bank
National Housing Bank
UTI Bank
23. The launching of five year plans in India saw the introduction of
a)
b)
c)
d)
mixed economy
socialist economy
capitalist economy
closed economy
a)
b)
c)
d)
RBI
State governments
Commercial banks
Cooperative societies
25. Which of the following taxes is levied and collected by the union, but assigned to the states?
a)
b)
c)
d)
sales tax
octroi
excise
consignment tax
Answers
1. Marginal cost is above average cost
2. social change
3. increase in production
4. all of these
5. average total cost is at a minimum
6. Consolidated fund of India
7. when price falls, demand increases
8. all of these
9. The money value of final goods and services produced annually in the economy
10. rise in the price of the commodity
11. contraction in volume of money or credit that results in a decline of price level
12. the official rate of interest charged by the central bank of the country
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13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
CHAPTER 6
a)
b)
c)
d)
2. Bank of Hindustan is the oldest bank in India. When did it start functioning?
a)
b)
c)
d)
1990
1770
1885
1892
3. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
a)
b)
c)
d)
a)
b)
c)
d)
1935
1920
1928
1947
5. When was the Imperial Bank of India nationalized to form the State Bank of India?
a)
b)
c)
d)
1947
1949
1951
1955
a)
b)
c)
d)
1947
1948
1950
1956
7. What is a Bank which has capital and reserves of over Rs. 5 lakhs called?
a)
b)
c)
d)
National Bank
Cooperative Bank
Scheduled Bank
Unscheduled Bank
a) 1982
b) 1983
c) 1987
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d) 1985
9. Which of the following has the sole right of issuing paper notes in India?
a)
b)
c)
d)
Union Government
Reserve Bank of India
Ministry of Finance
Supreme Court
a)
b)
c)
d)
Union Government
Reserve Bank of India
Ministry of Finance
Supreme Court
11. Which of the following is entrusted with the task of receiving all money on behalf of the
Government as also with the task of making payments on their behalf?
a)
b)
c)
d)
a)
b)
c)
d)
1944
1945
1948
1950
a)
b)
c)
d)
IDA
IMF
ADB
IFC
14. The International Bank for Reconstruction and Development (IBRD) is better known as
a)
b)
c)
d)
World Bank
Asian Development Bank
IMF
It is known by its name
15. Which sister organization of the World Bank provides long term loans at zero interest to the
poorest developing countries?
a)
b)
c)
d)
a)
b)
c)
d)
1956
1972
1985
1960
a)
b)
c)
d)
Manila
Delhi
Bangkok
Hong Kong
18. Which sister organization of the World Bank helps private activity in developing countries by
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financing projects with long-term capital in the form of equity and loans?
a)
b)
c)
d)
a)
b)
c)
d)
Adam Smith
Chanakya
Machiavelli
None of these
20. Which was the first Indian Bank to introduce credit card?
a
d) ICICI
a)
b)
c)
d)
1947
1956
1960
1951
22. Euro is the currency of European Union. When did it come into being?
a)
b)
c)
d)
1999
1995
2000
2001
23. When did the Foreign Exchange Regulation Act (FERA) come into being?
a)
b)
c)
d)
1973
1975
1980
1981
a)
b)
c)
d)
1975
1947
1956
1960
a)
b)
c)
d)
Union Government
State Governments
Ministry of Finance
RBI
Answers
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15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
CHAPTER 7
a)
b)
c)
d)
1992
1947
1990
1976
a)
b)
c)
d)
Eleventh
Eighth
Ninth
Tenth
a)
b)
c)
d)
Sales tax
Income tax
Wealth tax
Estate duty
a)
b)
c)
d)
Prime Minister
President
Chief Justice of Supreme Court
Speaker of Lok Sabha
a)
b)
c)
d)
Capitalist
Socialistic
Mixed
Federal
6. Which certification indicates a guarantee of quality for agricultural food products like ghee,
honey, etc.?
a)
b)
c)
d)
ISI
Agmark
BIS
All of above
a)
b)
c)
d)
Dr. S. Radhakrishnan
Jawaharlal Nehru
Dr. Rajendra Prasad
Dr. M. Vishveshwaraya
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d) Anil Kakodkar
a)
b)
c)
d)
SBI
RBI
NABARD
Union Government
a)
b)
c)
d)
2007 2012
2005 2010
2008 2013
2006 2011
11. When was the Tata Iron & Steel Company set up at Jamshedpur?
a)
b)
c)
d)
1907
1911
1914
1921
12. In terms of size what position does the Indian economy occupy in the world?
a)
b)
c)
d)
10th
12th
7th
9th
a)
b)
c)
d)
1982
1972
1956
1935
14. Which Five-Year Plan had adopted Removal of Poverty as its foremost objective?
a)
b)
c)
d)
Second
Third
Fourth
Sixth
15. During the financial year 2007- 08 India recorded a GDP growth of
a)
b)
c)
d)
8%
8.5%
9.1%
9.7%
a)
b)
c)
d)
1991
1990
1985
1988
a)
b)
c)
d)
Chemicals
Textiles
Iron and steel
Jute
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a)
b)
c)
d)
a)
b)
c)
d)
1947-52
1951-56
1950-55
1952-57
a)
b)
c)
d)
The
The
The
The
President
Prime Minister
National Development Council
Planning Commission
a)
b)
c)
d)
January 1955
April 1955
April 1951
April 1957
22). The Indian rupee is a legal tender in two other countries. One is Nepal. The other is
a)
b)
c)
d)
Pakistan
Sri Lanka
Bhutan
Afghanistan
a)
b)
c)
d)
Copper
Coal
Thorium
Iron ore
24. Which of the following taxes is the largest source of revenue for the Government of India?
a)
b)
c)
d)
Excise
Customs
Income tax
Corporation tax
a)
b)
c)
d)
Mumbai
New Delhi
Madras
Calcutta
Answers
1. 1992
2. Eleventh
3. Sales tax
4. Prime Minister
5. Mixed
6. Agmark
7. Jawaharlal Nehru
8. Montek Singh Ahluwalia
9. NABARD
10. 2007 2012
11. 1907
12. 12th
13. 1972
14. Sixth
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15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
9.1%
1991
Textiles
1000 rupee note
1951-56
The National Development Council
April 1957
Bhutan
Thorium
Excise
Mumbai
CHAPTER 8
1. The aim of which Five Year Plan was to correct the disequilibrium in the economy?
a)
b)
c)
d)
a)
b)
c)
d)
a)
b)
c)
d)
April 1, 1936
January 26, 1894
August 15, 1947
April 1, 1947
a)
b)
c)
d)
Bank of Baroda
Bank of Hindustan
Punjab National Bank
State Bank of India
a)
b)
c)
d)
1900
1905
1911
1915
a)
b)
c)
d)
10
12
13
14
7. Who was the Prime Minister of India when nationalization of banks took place in 1969?
a)
b)
c)
d)
Indira Gandhi
Jawaharlal Nehru
Lal Bahadur Shastri
Morarji Desai
8. At which of the following places was the first hydroelectric power station commissioned?
a)
b)
c)
d)
Chambal
Damodar
Mandi
Shivasamudram
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9. Garland canal project envisages the conservation of water resources in the country through the
construction of
a)
b)
c)
d)
dams
canals
embankments
none of these
a)
b)
c)
d)
scheduled castes
scheduled tribes
other backward classes
none of these
11. In which of the following year was the mining of coal started in India?
a)
b)
c)
d)
1775
1774
1800
1805
a)
b)
c)
d)
Bhakra Nangal
Hirakud
Farakka
Pong Dam
13. On which river is the Pong Dam hydro electric power project built?
a)
b)
c)
d)
Ganga
Ravi
Beas
Hughly
a)
b)
c)
d)
Jowar
wheat
tobacco
rice
15. Bakra Nangal is a joint project of Haryana, Punjab and Rajasthan. On which river is this built?
a)
b)
c)
d)
Yamuna
Sindhu
Sutlej
Ravi
a)
b)
c)
d)
Godavari
Kaveri
Mahanadi
Narmada
a)
b)
c)
d)
Alakananda
Bhagirathi
Ganga
Hooghly
a) Tamil Nadu
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b) Kerala
c) Karnataka
d) Gujarat
a)
b)
c)
d)
Gujarat
Rajasthan
Kerala
Karnataka
a)
b)
c)
d)
eight
seven
six
nine
21. Which state has the highest percentage of people living below the poverty line?
a)
b)
c)
d)
Uttar Pradesh
Orissa
Bihar
Madhya Pradesh
a)
b)
c)
d)
Mumbai
Delhi
Kolkatta
Chennai
23. Which Indian state has the lowest percentage of people living below the poverty line?
a)
b)
c)
d)
Punjab
Gujarat
Karnataka
Maharashtra
24. Which Indian state has the highest per capita income?
a)
b)
c)
d)
Haryana
Punjab
Uttar Pradesh
Karnataka
a)
b)
c)
d)
Kerala
Karnataka
Assam
Gujarat
Answers
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16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
Mahanadi
Bhagirathi
Kerala
Rajasthan
eight
Orissa
Mumbai
Punjab
Punjab
Karnataka
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