Economics MCQ Questions and Answers

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Q1
The Ex-officio Secretary of NDC is-
  • A Secretary of Finance Ministry
  • B General Secretary of Lok Sabha
  • C Secretary of Planning Commission
  • D Vice Chairman of Planning Commission
Answer: Option C
Q2
For charters and cargo services, what is the new FDI ceiling announced by the government ?
  • A 100%
  • B 74%
  • C 26%
  • D 49%
Answer: Option B
Q3
In National Mineral Policy (1993) which mineral was allowed for having investment from private sector-
  • A Coal
  • B Iron
  • C Gold
  • D Platinum
Answer: Option A
Q4
The share of road transport in total transport of the country is-
  • A 20%
  • B 40%
  • C 60%
  • D 80%
Answer: Option D
Q5
Minimum Support Price is decided by-
  • A ICAR
  • B State Government
  • C Ministry of Agriculture
  • D State Government
Answer: Option D
Q6
Which percentage of Central Taxes have been recommended by the 12th Finance Commission to be transferred to States ?
  • A 28·5%
  • B 29·5%
  • C 30·5%
  • D 31·5%
Answer: Option C
Q7
Which state possesses the maximum percentage of SC population ?
  • A U.P.
  • B M.P.
  • C Kerala
  • D Punjab
Answer: Option D
Q8
Government has decided to cover all districts of the country in National Rural Employment Guarantee Programme (NREGP)-
  • A Upto January 1, 2008
  • B Upto March 31, 2008
  • C w.e.f. April 1, 2008
  • D w.e.f. April 1, 2009
Answer: Option C
Q9
What is ‘NIKKEI’ ?
  • A Share Price Index of Tokyo Share Market
  • B Name of Japanese Central Bank
  • C Japanese name of Country’s Planning Commission
  • D Foreign Exchange Market of Japan
Answer: Option A
Q10
Which statement is correct for Indian Planning Commission ?
  • A It is not defined in Indian Constitution
  • B Members and Vice-Chairman of it do not have fixed working duration
  • C Members do not require any minimum education
  • D All of these
Answer: Option D

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