Top 550+ Solved Economics (GK) MCQ Questions Answer
Q. The major objective of monetary policy is to -
a. increase government's tax revenue
b. revamp the Public Distribution System
c. Promote economic growth with price stability
d. weed out corruption in the economy
Q. The rate of tax increase as the amount of the Lax base Increases is called-
a. Proportional tax
b. Progressive tax
c. Regressive tax
d. Degressive tax
Q. During periods of inflation, tax rates should -
a. increase
b. decrease
c. remain constant
d. fluctuate
Q. Cheap Money means -
a. Low Rate of Interest
b. Low level of Savings
c. Low level Income
d. Excess of Black Money
Q. Which among (he following is not the outcome of decrease in prime lending rate?
a. to raise the bank loan
b. decline in saving rate
c. decline in productivity
d. increased demand of consumer products
Q. The major aim of devaluation is to -
a. encourage imports
b. encourage exports
c. encourage both exports and imports
d. discourage both exports and imports
Q. Buffer stock operations are conducted by -
a. Warehousing Corporation of India
b. State Trading Corporation of India
c. Food Corporation of India
d. Ministry of Agriculture
Q. Open market operations of RBI refer to buying and selling of -
a. Commercial bills
b. Foreign exchange
c. Gold
d. Government bonds
Q. A siuation where we have people whose level of income is not sufficient to meet the minimum consumption expenditure is considered as -
a. Absolute Poverty
b. Relative Poverty
c. Urban Poverty
d. Rural Poverty
Q. Of the following land uses, which is restricted to Special Economic Zones ?
a. Educational Institutions
b. Free trade Centres
c. Marketing Centres
d. Information Technology Companies
Q. As er the TRIPS Agreement-1994, a good originating from a region with specific character/ quality/reputation is covered/to be protected under the IPR as -
a. Patent
b. Trademark
c. Trade secret
d. GI (Geographical Indicator)
Q. At present, India is following -
a. Fixed exchange rate
b. Floating exchange rate
c. Pegged up exchange rate
d. Pegged down exchange rate
Q. Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states?
a. Expenditure Tax and Gift Tax
b. Additional Duties of Excise in lieu of Sales Tax
c. Stamps and Registration
d. Taxes on Advertisement
Q. With which form of economy is the term 'Laissez-faire' associated?
a. Capitalist economy
b. Socialist economy
c. Mixed economy
d. Command economy