Economics mcq

Economics miscellaneous questions

Question 241
What was the period of Third Five Year Plan?
A
1962-63 to 1964-65
B
1961-62 to 1965-66
C
1964-65 to 1966-67
D
1965-66 to 1968-69






Question 242
The type of unemployment mostly found in India can be characterized as:
A
frictional
B
structural
C
cyclical
D
disguised
Question 243
Amarkantak Copper mine is located in the state of
A
Karnataka
B
Madhya Pradesh
C
Tamil nadu
D
Andhra Pradesh






Question 244
Per capita income is obtained by dividing National Income by
A
Total population of the country
B
Total working population
C
Area of the country
D
Volume of capital used
Question 244 Explanation: 
Per capita income or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.
Question 245
After ONGC, OIC, NTPC and SAIL, the 'Navratna' PSU which was awarded 'Maharatna' status is
A
HAL
B
GAIL
C
Coal India Ltd.
D
BHEL
Question 245 Explanation: 
Bharat Heavy Electricals Limited Coal India Limited GAIL (India) Limited Indian Oil Corporation Limited NTPC Limited Oil & Natural Gas Corporation Limited Steel Authority of India Limited






Question 246
Transfer payments mean
A
Old age pensions
B
Unemployment compensations
C
Social security' payments
D
All the above
Question 246 Explanation: 
a payment made or income received in which no goods or services are being paid for, such as a benefit payment or subsidy.
Question 247
Which one of the following statements is correct? Fiscal Responsibility and Budget Management Act (FRBMA) concerns [IAS 2006]
A
revenue deficit only
B
fiscal deficit only
C
both fiscal and revenue deficit
D
neither fiscal deficit nor revenue deficit






Question 248
'The strategy of Rolling plan was adopted during the Prime Ministership of: [Railways 1994]
A
Indira Gandhi
B
Lal Bahadur Shastri
C
Morarji Desai
D
Rajiv Gandhi
Question 249
Marginal cost is the
A
cost of producing a unit of output
B
cost of producing an extra unit of output
C
cost of producing the total output
D
cost of producing a given level of output
Question 249 Explanation: 
Marginal cost is the cost of producing an extra unit of output.






Question 250
Which one of the following is an example for Non-Banking Financial institution?
A
RBI
B
SBI
C
IOB
D
LIC
Question 250 Explanation: 
A non-bank financial institution (NBFI) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. LIC is also an example of Non-Banking financial institutions.
There are 250 questions to complete.

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