Economics MCQ Questions and Answers

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Q41
Central Issue price of foodgrains under TPDS includes price for BPL and APL (below poverty line and above poverty line). What is the difference between the two ?
  • A Price for APL is double of BPL price
  • B Price for BPL is one-third of APL price
  • C Difference of Rs. 500 per Qt.
  • D Difference of Rs. 250 per Qt.
Answer: Option A
Q42
What growth target government has estimated for the domestic crude production for the 11th Plan (2007–12) ?
  • A 42%
  • B 33%
  • C 29%
  • D 26%
Answer: Option D
Q43
Rural women can avail the benefit of Mahila Samriddhi Yojana if they open their account in-
  • A Rural Post Offices
  • B Commercial Banks
  • C Rural Development Bank
  • D Any of the above
Answer: Option A
Q44
Agriculture sector registered 4·9% growth in 2007-08 and it is estimated for year 2008-09 at-
  • A Again 4·5%
  • B 4·3%
  • C 3·3%
  • D 1·6%
Answer: Option D
Q45
As per the third advanced estimates of Agricultural Production for the year 2008-09 released by the Ministry of Agriculture, total foodgrain’s production has been estimated at-
  • A 240·78 million tonne
  • B 230·78 million tonne
  • C 227·88 million tonne
  • D 229·85 million tonne
Answer: Option D
Q46
Mistry Committee in its final report recommends full capital account convertibility by-
  • A 2008 end
  • B 2009 end
  • C 2010 end
  • D 2011 end
Answer: Option A
Q47
Which committee recommended tax on Agriculture Holdings ?
  • A Bhootlingam Committee
  • B Wanchoo Committee
  • C Raj Committee
  • D None of these
Answer: Option D
Q48
The Present Service Tax rate is-
  • A 8%
  • B 15%
  • C 10%
  • D 12%
Answer: Option D
Q49
The cause of deflation is-
  • A Lack of goods and services as compared to money supply
  • B Lack of imports as compared to exports
  • C Lack of money supply as compared to supply of goods and services
  • D None of these
Answer: Option C
Q50
Which of the following is a better measure of economic development ?
  • A Employment
  • B Size of exports
  • C Rural consumption
  • D National Income
Answer: Option D

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