Statewise Prepration
Govt. Examwise MCQ
431 MCQ Questions in english हिन्दी
What is Barter System?
In barter, goods/services are exchanged without money.
. Who publishes the Economic Survey of India?
Economic Survey is released before the Union Budget.
Rabi crops are sown in:
Rabi crops (like wheat) are sown in October–November.
Which scheme gives income support to farmers?
PM-KISAN provides ₹6000 per year to eligible farmers.
What is meant by deficit financing?
Government borrows/prints money to finance excess expenditure.
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. Urban unemployment is mostly:
Urban unemployment arises from lack of jobs in industries or services.
Who prepares the IIP (Index of Industrial Production)?
CSO = Central Statistical Office, prepares IIP monthly.
Who gave the concept of “Invisible Hand” in Economics?
Invisible hand” refers to market forces self-regulating the economy.
When demand = supply, the market is in:
Equilibrium is a state where supply perfectly matches demand.
Which is not a function of commercial banks?
Only RBI issues currency. Commercial banks can’t do this.
Economic Planning in India began in which year?
The first Five-Year Plan began in 1951.
Which body is known as India’s central bank?
RBI = Reserve Bank of India, regulates monetary policy and currency.
Which index measures wholesale inflation in India?
WPI = Wholesale Price Index. It tracks prices of goods at the wholesale level.
What is meant by 'Monopoly'?
A monopoly exists when a single firm dominates the entire market.
Which of the following is a consumer rights movement in IRight to Foodndia?
Jago Grahak Jago is a government initiative to educate consumers about their rights.
What is the main objective of the EXIM Bank?
EXIM Bank promotes Indian exports through financial support.
What is the full form of ATM?
ATM is used for withdrawing money electronically.
Which institution regulates the stock market in India?
Securities and Exchange Board of India (SEBI) regulates the share market.
Who was the first Governor of RBI?
Sir Osborne Smith was RBI’s first Governor (1935–1937).
What is the tenure of the NITI Aayog Vice-Chairman?
Appointed by the Prime Minister for a 5-year term.
The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) guarantees how many days of wage employment?
MGNREGA guarantees 100 days of unskilled manual labor to rural households.
What is disguised unemployment?
It occurs when too many workers are employed for a job that requires fewer, especially in agriculture.
Which industry is known as the backbone of industrial development?
The steel industry is called the backbone due to its link with infrastructure and manufacturing.
The Green Revolution was related to:
Green Revolution increased food grain yield through improved seeds and irrigation.
A budget in which income equals expenditure is called:
Balanced budget: total revenues = total expenditures.
What does FDI stand for?
FDI is when foreign companies invest directly in Indian businesses.
. Which tax is levied on income?
Income Tax is a direct tax charged on personal or corporate income.
. The Consumer Price Index (CPI) measures:
CPI tracks changes in retail prices paid by consumers.
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