Statewise Prepration
Govt. Examwise MCQ
974 MCQ Questions in english हिन्दी
Overdraft is shown in books as:
Overdraft = liability as it’s borrowed money from bank.
What is the basic accounting equation?
The accounting equation forms the foundation of the double-entry system.
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The Human Development Index (HDI) is released by:
HDI measures life expectancy, education & income per capita.
A fall in the value of currency is called:
Devaluation = reduction in value of a currency against others.
Which scheme gives income support to farmers?
PM-KISAN provides ₹6000 per year to eligible farmers.
Economic Planning in India began in which year?
The first Five-Year Plan began in 1951.
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.
. The Consumer Price Index (CPI) measures:
CPI tracks changes in retail prices paid by consumers.
When was GST implemented in India?
GST was launched on 1 July 2017 as a unified tax system across India.
Which is the largest public sector bank in India?
State Bank of India is the largest public sector bank by assets and branches.
India is the largest producer of:
India leads globally in milk production, thanks to White Revolution.
Unemployment caused by a mismatch of skills is called:
Structural unemployment happens when worker skills don’t match job demands.
. What is a 'black economy'?
Black money is income not reported to tax authorities, often from illegal means.
. The Planning Commission was replaced by:
NITI Aayog was formed in 2015 as a policy think-tank replacing Planning Commission.
What does "repo rate" mean?
When RBI lends money to commercial banks, it charges the repo rate.
. Which sector contributes the most to India’s GDP (as of 2024)?
The services (tertiary) sector contributes over 50% to India’s GDP.
What is fiscal deficit?
Fiscal deficit occurs when government spending exceeds its income.
The Finance Commission is constituted every:
Article 280 of the Constitution provides for the Finance Commission every 5 years.
Which was the first Five-Year Plan year in India?
Launched in 1951 under Jawaharlal Nehru, focused on agriculture & irrigation.
The concept of Five-Year Plan was borrowed from:
India adopted the idea of planned economic development from the Soviet Union.
. Which tax is considered an indirect tax?
GST is an indirect tax levied on goods and services, paid by consumers.
Which body issues currency notes in India?
The RBI issues all notes except ₹1, which is issued by the Government of India.
What is GDP?
GDP is the total value of goods and services produced in a country in one year.
Who is regarded as the Father of Economics?
Adam Smith wrote "The Wealth of Nations" and is known as the founder of modern economics.
Major Dhyan Chand was associated with:
Known as the “Wizard of Hockey,” Dhyan Chand is India’s hockey legend.
Which of the following is a water sport?
Canoeing involves paddling a boat in water.
Total number of players in a volleyball team (on the court)?
Each team fields 6 players in volleyball.
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