R4RIN – MCQs, Mock Tests | UPSC,PCS,CDS,NDA Economics(Trade) General Knowledge(GK) MCQS Part 1

Which among the following is a Multinational Trade Negotiation Body ?

1. IDA
2. WTO
3. IMF
4. SAARC

✅ Correct Answer: 2

Which among the following is a direct tax?

1. Excise Duty
2. Sales Tax
3. VAT
4. Income Tax

✅ Correct Answer: 4

All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC. What is the full form of DICGC?

1. Deposit Insurance And Credit Guarantee Company
2. Deposit Insurance And Credit Guarantee Corporation
3. Direct Insurance And Credit Guarantee Corporation
4. Direct Insurance And Credit Guarantee Company

✅ Correct Answer: 2

Which among the following is / are Negotiable instrument ?

1. Airway bill
2. Bank Note
3. Letter of credit
4. Demand draft

✅ Correct Answer: 4

From the following bring out the one which is not a liability of a commercial bank?

1. Time Deposits
2. Borrowing from saving banks
3. Security Holdings
4. Demand deposits

✅ Correct Answer: 3

In context of banking what is PCR?

1. Profit Credit Ratio
2. Provision Credit Ratio
3. Provision coverage ratio
4. Profit Coverage Ratio

✅ Correct Answer: 3

Which among the following does not go with Progressive taxation?

1. ability to pay
2. administrative convenience
3. in built stabilizer
4. will to work and save

✅ Correct Answer: 4

Which among the following is the most important determinant of the size of the market in an economy?

1. Population
2. Cost of transport
3. Infrastructure
4. Productivity

✅ Correct Answer: 4

Express Remit is the brand name of a remittance facility by which of the following banks?

1. State Bank of India
2. Punjab National Bank
3. Bank of Baroda
4. ICICI Bank

✅ Correct Answer: 1

In how many languages Reserve Bank of India’s Financial Education website is avaialble?

1. 3
2. 7
3. 13
4. 22

✅ Correct Answer: 3

Many a times we read in the newspapers that RBI takes certain steps to curb the menace of Inflation. In this context, which among the following will not help RBI in controlling the inflation in the country?

1. An increase in the Bank Rate
2. An increase in the Reserve Ratio Requirements
3. A purchase of securities in the open market
4. Increasing the Repo Rate

✅ Correct Answer: 3

From time to time, which among the following body publishes the “Exchange Control Manual” in context with the Foreign Exchange in India?

1. Foreign Trade Promotion Board
2. Department of Commerce
3. Reserve Bank of India
4. SEBI

✅ Correct Answer: 3

At which of the following levels , Central Cooperative Banks are established in India?

1. District Level
2. State Level
3. Inter-state level
4. India Level

✅ Correct Answer: 1

The Tobin tax, initially suggested by James Tobin was a tax on which among the following transactions?

1. Property Transactions
2. Currency Transactions
3. Industrial transactions
4. All of above

✅ Correct Answer: 2

Who among the following heads the Trade and Economic Relations Committee (TERC) in India?

1. Prime Minister
2. Minister of Commerce
3. Finance Minister
4. Finance Secretary

✅ Correct Answer: 1

What is the minimum public shareholding (MPS) mandated by SEBI for Private Companies and PSUs respectively?

1. 75% and 90%
2. 90% and 75%
3. 10% and 25%
4. 25% and 10%

✅ Correct Answer: 4

Rate of real income growth in a country is annual percentage growth of :

1. Rate of GDP growth at current price
2. GDP growth at face tor cost at current prices
3. Rate of GDP growth at factor cost at constant prices
4. Rate of GDP growth at market prices

✅ Correct Answer: 3

What is IPO in context to a company?

1. The first sale of stock by a private company to the public
2. Upgradation of shares from primary to secondary market
3. Selling of shares at premium by a company
4. Convert of a private limited company to public limited Company

✅ Correct Answer: 1

Which among the following is NOT an Alternative Investment Fund?

1. Private Investment in Public Equity Funds
2. Infrastructure Equity Fund
3. Venture Capital Fund
4. Mutual Fund

✅ Correct Answer: 4

India’s first operational special economic zone (SEZ) is located at?

1. Ahamadabad
2. Surat
3. Jaipur
4. Indore

✅ Correct Answer: 4

Which among the following decides the Saving Banks Account Interest Rate in India?

1. Ministry of Finance
2. RBI
3. Indian Banks’ Association (IBA)
4. Banks themselves

✅ Correct Answer: 4

Which among the following is correct representation of the Money Multiplier?

1. Ratio of Broad Money (M3) to Reserved Money (M0) i.e. M3/M0
2. Ratio of Broad Money (M3) to Narrow Money (M1) i.e. M3/M1
3. Ratio of Narrow Money (M1) to Broad Money (M3) i.e. M1/M3
4. Ratio of Narrow Money (M1) to Reserved Money (M0) i.e. M1/M0

✅ Correct Answer: 1

In India, the Foreign Exchange Reserves are kept in the custody of which among the following?

1. Ministry of Finance
2. EXIM bank
3. Reserve Bank of India
4. Selected Public Sector Banks

✅ Correct Answer: 3

With reference to the business, what is working capital?

1. The investment made in the business
2. Fixed assets
3. Circulating assets- stocks, cash and debts owed to the business
4. Amount spent on machinery or for building up stock

✅ Correct Answer: 3

Which of the following bodies approves the Fair and Remunerative Price of Sugarcane?

1. Cabinet Committee on Economic Affairs
2. Commission for Agricultural Costs and Prices
3. Directorate of Marketing and Inspection, Ministry of Agriculture
4. Agricultural Produce Marketing Committee

✅ Correct Answer: 1

Which among the following denotes the Market Capitalization of a company?

1. Current market value of its authorized capital
2. Current market value of its issued shares
3. Current market value of its paid-up capital
4. Current market value of issued shares and debentures

✅ Correct Answer: 2

If a company is ‘unlimited’ in India, it implies that there is no limit on __:

1. Number of shares it can issue in market
2. Liability of its members
3. Amount of investment by its promoters
4. All of the above

✅ Correct Answer: 2

For a healthy growth of service sector, what should government do?

1. Increase minimum wages
2. Provide broadband services in rural areas
3. Provide tax sops to infrastructure companies
4. Revive growth in farm and industrial sectors

✅ Correct Answer: 4

Which among the following commodities displays characteristics of inferior goods?

1. Wheat
2. Kerosene
3. LPG
4. Paddy

✅ Correct Answer: 2

Which of the following is the apex financial institution responsible for development of Micro, Small and Medium Enterprises in India?

1. IDBI
2. SIDBI
3. NABARD
4. EXIM

✅ Correct Answer: 2

Which of the following is not included in the World Bank Group?

1. IBRD
2. IDA
3. MIGA
4. UNCTAD

✅ Correct Answer: 4

Who was instrumental in the development of the policy Laissez Faire?

1. Adam smith
2. Alan Greenspan
3. Francis Fukuyama
4. Amartya Sen

✅ Correct Answer: 1

Which country does John Stuart Mill belongs to?

1. Britain
2. USA
3. Germany
4. Switzerland

✅ Correct Answer: 1

Who is the author of the book “Ensuring a prosperous Future”?

1. Montek singh Ahulwaliya
2. Prannoy Roy
3. Amartya Sen
4. Kaushik Basu

✅ Correct Answer: 1

Who wrote “Hindutva and National Renaissance”?

1. Montek singh Ahulwaliya
2. P.C.Mehalonibis
3. Subramanian Swamy
4. Kaushik Basu

✅ Correct Answer: 3

Who is the author of “Financial Architecture and Economic Development in China and India”?

1. Raghuram rajan
2. P.C.Mehalonibis
3. Subramanian Swamy
4. Kaushik Basu

✅ Correct Answer: 3

In which Sector government owns most of the assets and provides all the services?

1. Public sector
2. Primary sector
3. Quinary sector
4. Organised sector

✅ Correct Answer: 1

In which year India has seen the highest growth rate of 10.3%?

1. 2009
2. 2010
3. 2011
4. 2009

✅ Correct Answer: 2

Which Scientist coined the term Evergreen revolution?

1. Vergese Kurien
2. M.S.Swaminathan
3. H.M.Dalaya
4. None of the above

✅ Correct Answer: 2

Under which organization Long term irrigation fund is created?

1. National Cooperative society
2. NABARD
3. Ministry of agriculture
4. RBI

✅ Correct Answer: 2

Which of the following is not an advantage of GM crops?

1. High productivity
2. Faster growth plants
3. More productivity
4. High prices to farmers

✅ Correct Answer: 4

What is the total oilseeds produced by India in 2019?

1. 44.19 million tonnes
2. 34.19 million tonnes
3. 24.19 million
4. 28.19 million

✅ Correct Answer: 2

Which is the largest Sesame producing country in the world?

1. Nepal
2. India
3. Myanmar
4. Tanzania

✅ Correct Answer: 3

Which is the top Coffee producing state in India?

1. Kerala
2. Karnataka
3. Tamil Nadu
4. Assam

✅ Correct Answer: 2

What is E-Pashuhaat portal?

1. Register livestcok
2. Find Sellers and Buyers of Liverstock
3. Connect Breeders and Farmers
4. Export Livestock

✅ Correct Answer: 3

When was the National Artificial Insemination Programme launched?

1. 2010
2. 2018
3. 2019
4. 2012

✅ Correct Answer: 3

Which state is the largest producer of Poultry meat?

1. Punjab
2. Haryana
3. Uttar Pradesh
4. None of the above

✅ Correct Answer: 2

Which is the top exported seafood from India?

1. Dry Fish
2. Mud Crab
3. Frozen shrimp
4. None of the above

✅ Correct Answer: 3

What is the contribution of seafood to agricultural exports?

1. 20%
2. 10%
3. 30%
4. 15%

✅ Correct Answer: 1

In which forest the shrub Neelakurinji blossoms?

1. Nilgiri Biosphere reserve
2. Gir forests
3. Jim Corebette National park
4. None of the above

✅ Correct Answer: 1