Professional Documents
Culture Documents
Economics MCQ E-Book
Economics MCQ E-Book
Economics MCQ E-Book
( ENGLISH MEDIUM )
What is the per capita income of India (as per 2004 data)
(a) Rs.22,000. 16,000 per annum
(b) Rs. 28,000 per annum
(c) Rs. 25,000 per annum
(d) Rs.
Answer –
(c) Rs.28,000 per annum . Per year
Which country has the highest per capita income among the neighboring
countries of India?
(a) Pakistan
(b) Bangladesh
(c) Sri Lanka
(d) Nepal
Answer –
(c) Sri Lanka
An economy is created
by (a) Natural resources
(b) Physical resources
(c) Human resources
(d) All of these resources
Ans-
(d) All of these resources
The main types of economies are
(a) two
(b) three
(c) four
(d) many
Ans
(b) three
Into how many parts can the economic activities of the economy be
divided?
(a) two
(b) three
(c) four
(d) five
Ans :
(b) three
What was the period of the first five year plan in India?
(a) 1950-1955
(b) 1951-1956
(c) 1947-1952
(d) 1952-1957
Ans:
(b) 1951-1956
Which country has the highest per capita income among the neighboring
countries of India?
(a) Pakistan
(b) Bangladesh
(c) Sri Lanka
(d) Nepal
Ans :
(c) Sri Lanka
According to the year 2008-09, the average per capita income of India is
(a) Rs 22,553
(b) Rs 25,494 (
c) Rs 6,610
(d) Rs 54,850
Ans-
(b) Rs 25,494
“Real national income is that part of annual net output which is directly
consumed in that year.” – Who has given this definition of national
income?
(a) Marshall
(b) Fischer
(c) Pigou
(d) None of these
Ans-
(b) Fischer
“Real national income is that part of annual net output that is directly
consumed in that year.” Who has given this definition of national income?
(a) Marshall
(b) Fischer
(c) Pigou
(d) None of these
Ans-
(b) Fischer
The average annual growth rate of India during the plan period has been
(a) 3.5 per cent
(b) 4.2 per cent
(c) 6.5 per cent
(d) 7 per cent
Ans-
(b) 4.2 per cent
Which of the following states had relatively higher per capita income in
the year 2005-06? ,
(a) Maharashtra
(b) Gujarat
(c) Uttar Pradesh
(d) Orissa
Answer-
(a) Maharashtra
Which of the following districts in Bihar has the highest per capita income
(a) Bhagalpur
(b) Patna
(c) Gaya
(d) Sitamarhi
Answer-
(b) Patna
The state with the lowest per capita income in the whole of India is
(a) Uttar Pradesh
(b) Bihar
(c) Jharkhand
(d) West Bengal
Ans-
(b) Bihar
“Real national income is that part of the annual net output which is
directly consumed in that year.” Who has given this definition of national
income?
(a) Marshall
(b) Pigou
(c) Fischer
(d) None of these
Ans-
(d) None of these
Due to increase in national and per capita income, the process of ….. is
completed.
(a) Growth
(b) Deterioration
(c) Both 'A' and 'B'
(d) None of these
Ans-
(a) Growth
1.
Who said that in the modern world industry is dressed as money?
(a) Crowther
(b) Marshall
(c) Pigou
(d) Trescott
Ans.
(c) Pigou
2.
Which of the following does not come under letter of credit?
(a) Check
(b) Bank draft
(c) Hundi
(d) Paper currency
Ans-
(d) Paper currency
3.
What was the main difficulty of barter system?
(a) Absence of double coincidence of wants
(b) Difficulty of valuing
(c) Both
(d) None of these
Ans-
(c) Both
4.
The oldest form of money is
(a) Metal-money
(b) Coins
(c) Barter-money
(d) Letter-money
Ans-
(c) Barter-money
5.
Which metal has been used the most in the form of currency?
(a) iron
(b) copper
(c) brass
(d) silver and gold
Ans-
(d) silver and gold
6.
What is the primary function of money?
(a) Store of value
(b) Value of delayed payment
(c) Transfer of value
(d) Medium of exchange
Ans-
(d) Medium of exchange
7.
What are the main factors affecting savings?
(a) Ability to save
(b) Willingness to save
(c) Facilities to save.
(d) all three of these
Ans-
(d) all three of these
Who has benefited from the use of currency?
(a) Consumers
(b) Producers
(c) 'A' and 'B'
(d) None of these
Ans-
(c) 'A' and 'B'
Capital is formed
(a) by consumption
(b) by investment
(c) by saving
(d) none of these
Ans-
(c) by saving
Credit is used
for (a) consumption
(b) investment
(c) both (a) and (b)
(d) none of these
Ans-
(c) (a) and (b) Both
In the early stage of exchange, on what was the trade of man based?
(a) Barter
(b) Monetary
(c) Both 'A' and 'B'
(d) None of these
Ans
. (a) Barter
“Money is that which acts as money.” Who has given this definition of
currency?
(a) Marshall
(b) Robertson
(c) Hartley Withers
(d) Seligman
Ans
(c) Hartley Withers
19.
"In the modern world industry is dressed as money." - Whose statement is
this?
(a) Prof. Marshall
(b) Prof. Robinson
(c) Prof. Amartya Sen
(d) Prof. Pigoo
Answer –
(d) Prof. pigu
20.
“If money is not the heart of our economy, then blood flow is.” Whose
statement is this?
(a) Prof. Marshall
(b) Crowther
(c) Prof. Hartley Witts
(d) Trescott
Ans.
(d) Trescott
Q 21.
What is the best medium of exchange?
(a) article
(b) check
(c) promissory note
(d) currency
Ans-
(d) currency
Q 22.
What is meant by credit?
(a) trust
(b) ability to repay the loan
(c) promissory note
(d) none of these
Ans-
(a) trust
23.
On what was trade based in the early stages of exchange?
(a) barter
(b) monetary exchange
(c) both 'A' and 'B'
(d) none of these
Ans
. (a) barter
24.
Which metal was used most in the form of currency in ancient times?
(a) Iron
(b) Copper
(c) Brass
(d) Silver and gold
Ans-
(d) Silver and gold
25.
The oldest form of money is
(a) Metal-money
(b) Coins
(c) Barter-money
(d) Letter-money
Ans.
(c) Barter-money
26.
The best medium of exchange is
(a) article
(b) check
(c) currency
(d) hundi
Ans
(c) currency
27.
The main difficulty of barter system was
(a) absence of double coincidence of wants
(b) difficulty of measurement of value
(c) both 'A' and 'B'
(d) none of these
Ans-
(c) ) Both 'A' and 'B'
28.
Which of the following is legal tender?
(a) Check
(b) Draft
(c) 10 rupee note
(d) All of these
Answer -
(c) 10 rupee note
29.
Which currency has legal recognition in our country?
(a) Commodity money
(b) Credit money
(c) Letter money
(d) Check
Ans
(c) Letter money
30.
What is the primary function of money?
(a) Store of value
(b) Value of delayed payment
(c) Medium of exchange
(d) Transfer of value
Ans
(c) Medium of exchange
31.
“Money is the pivot around which economics revolves.” Which economist's
statement is this?
(a) Crowther's
(b) Marshall's
(c) Pigou's
(d) Robertson's
Ans-
(b) Marshall's)
32.
Who has said that money is the pivot or center around which the whole of
economics revolves?
(a) Marshall
(b) Gutenberg
(c) Richard
Answer –
(a) Marshall
33.
The main factor affecting savings is
(a) ability to save
(b) willingness to save
(c) facilities to save
(d) all of these
Ans-
(d) all of these
34.
The credit for the progress of the modern era is due to….
(a) Growth
(b) Money
(c) Savings
(d) Credit
Ans
(b) Money
35.
Exchange of one thing for another is called which system?
(a) barter
(b) monetary exchange
(c) both 'A' and 'B'
(d) none of these
Ans
. (a) barter
36.
Money belongs to our economy.
(a) Medium
(b) Development
(c) Pivot
(d) None of these
Ans-
(c) Pivot
37.
The difference between income and consumption is called
(a) Growth
(b) Money
(c) Savings
(d) Debt
Ans-
(c) Savings
38.
Due to plastic currency the act of exchange has become
(a) complex
(b) simple
(c) both 'A' and 'B'
(d) none of these
Ans-
(b) simple
Chapter 4 Our Financial Institutions
1.
The most popular means of providing non-institutional finance is
(a) Country banker
(b) Money lender
(c) Trader
(d) Co-operative bank
Ans
(c) Trader
2.
Which of the following is a means of institutional finance?
(a) Seth-moneylender
(b) Relative
(c) Commercial bank
(d) Mahajan
Ans-
(c) Commercial bank
3.
Who are the Central Banks of India?
(a) Reserve Bank of India
(b) Regional Rural Bank
(c) State Bank of India
(d) Punjab National Bank
Answer-
(a) Reserve Bank of India
4.
What is the number of Central Cooperative Bank working in the state?
(a) 50
(b) 75
(c) 35
(d) 25
Ans-
(d) 25
5.
Which is the institution which provides long term loans
? (a) Krishak Mahajan
(b) Bhumi Vikas Bank
(c) Primary Agricultural Credit Society
(d) None of these
Ans-
(b) Bhumi Vikas Bank
6.
Which city is called the Financial Capital of India
(a) Mumbai
(b) Delhi
(c) Patna
(d) Bangalore
Answer –
(a) Mumbai
7.
When did co-operatives become a transferred subject to the provincial
governments?
(a) 1929 AD
(b) 1919 AD
(c) 1918 AD
(d) 1914 AD
Answer –
(b) 1919 AD
8.
The number of Regional Rural Banks currently working in the country is
(a) 190
(b) 192
(c) 199
(d) 196
Ans-
(d) 196
9.
When was the commercial bank nationalized -
(a) 1966 AD
(b) 1980 AD
(c) 1969 AD
(d) 1975 AD
Answer -
(c) 1969 AD
1.
Financial services are required by
(a) individuals
(b) business institutions
(c) government
(d) all of these
Ans-
(d) all of these
2.
At the apex of the Indian banking system are
(a) commercial banks
(b) co-operative banks.
(c) Regional Rural Bank
(d) Reserve Bank
Answer –
(a) Commercial Bank
3.
Which of the following is a means of institutional finance?
(A) Moneylender
(B) Moneylender
(C) Commercial bank
(D) Merchant
Ans-
(c) Commercial bank
4.
Which city is called the financial capital of India?
(a) Kolkata
(b) Chennai
(c) Delhi
(d) Mumbai
Answer –
(d) Mumbai
5.
Which is the most important among the institutional sources of finance of
Bihar?
(a) Co-operative banks
(b) Commercial banks
(c) State institutions
(d) National institutions
Ans-
(b) Commercial banks
6.
The number of Regional Rural Banks in Bihar is
(a) 5
(b) 10
(c) 15
(d) 25
Ans-
(a) 5
7.
In which year did co-operatives start in India?
(a) 1901
(b) 1904
(c) 1912
(d) 1915
Ans-
(b) 1904
8.
The most popular means of providing non-institutional finance is
(a) Domestic banker
(b) Money lender
(c) Merchant
(d) Co-operative bank
Ans-
(b) Money lender
9.
What is the number of Central Cooperative Bank working in the state?
(a) 50.
(b) 75
(c) 35
(d) 25.
Ans-
(d) 25.
10.
Which is the institution providing long term loan?
(a) Krishak Mahajan
(b) Land Development Bank
(c) Primary Agricultural Credit Society
(d) None of these
Ans-
(b) Land Development Bank
1.
How many nationalized banks are there in India?
(a) 14
(b) 19
(c) 20
(d) 27
Ans-
(d) 27
2.
ATM stands for
(a) Automatic Talking Machine
(b) Automatic Taking Machine
(c) Automatic Teller Machine
(d) None of these
Ans-
(c) Automatic Teller Machine
3.
Nationalization of commercial banks was done.
(a) in 1969
(b) in 1971
(c) in 1975
(d) in 1982
Ans-
(a) in 1969
4.
When did the cooperative movement start in India?
(a) 1904
(b) 1905
(c) 1907
(d) 1920
Ans-
(a) 1904
5.
Which city has been called the financial capital of India?
(a) Mumbai
(b) Delhi
(c) Patna
(d) Bangalore
Answer –
(a) Mumbai
6.
When was the commercial bank nationalized?
(a) 1966 AD
(b) 1980 AD
(c) 1969 AD
(d) 1975 AD
Answer –
(c) 1969 AD
7.
McLagan Committee was formed
(a) in 1911
(b) in 1914
(c) in 1915
(d) in 1916
Ans-
(b) in 1914
8.
The most popular means of providing non-institutional finance is
(a) domestic banker
(b) moneylender
(c) merchant
(d) co-operative bank
Ans
(b) moneylender
9.
Which institutions are included in the financial institutions?
(a) Commercial banks
(b) Co-operative credit societies
(c) Insurance companies
(d) All of the above
Ans-
(d) All of the above
10.
Which are the most important among the institutional financial institutions
of the money market?
(a) Commercial banks
(b) Co-operative societies
(c) Money lenders
(d) Merchants
Ans-
(a) Commercial banks
11.
The Central Bank of India is
(a) State Bank of India
(b) Bank of India
(c) Central Bank of India
(d) Reserve Bank of India
Ans-
(d) Reserve Bank of India
12.
National Bank for Agriculture and Rural Development was established
in (a) 1952
(b) 1962
(c) 1972
(d) 1982
Ans
(d) 1982
13.
When was the Reserve Bank of India established?
(a) 1934
(b) 1935
(c) 1948
(d) 1951
Ans-
(b) 1935
14.
The main function of the Reserve Bank of India is
(a) regulation of the banking system
(b) control of credit and currency
(c) banker to the government
(d) all of these
Ans-
(d) all of these
15.
The main source of non-institutional finance is
(a) domestic bankers
(b) commercial banks
(c) co-operative banks
(d) none of these
Ans-
(a) domestic bankers
16.
When was the commercial bank nationalized?
(a) in 1966
(b) in 1969
(c) in 1980
(d) in 1975
Ans
(b) in 1969
17.
When was the Reserve Bank of India established?
(a) 1934
(b) 1935
(c) 1948
(d) 1951
Ans-
(b) 1935
18.
The most popular means of providing non-institutional finance are
(a) domestic bankers
(b) moneylenders
(c) merchants
(d) co-operative banks
Ans.
(b) moneylenders
19.
Which of the following is a means of institutional finance?
(a) Merchant
(b) Relative
(c) Commercial bank
(d) Money lender
Ans
(c) Commercial bank
20.
Which is the Central Bank of India?
(a) Reserve Bank of India
(b) State Bank of India
(c) Regional Rural Bank
(d) Punjab National Bank
Answer-
(a) Reserve Bank of India
21.
When was the commercial banks nationalized for the first time?
(a) 1966
(b) 1980
(c) 1969
(d) 1975
Ans-
(c) 1969
22.
What is the number of Central Cooperative Bank working in the state of
Bihar?
(a) 25
(b) 35
(c) 50
(d) 75
Ans-
(a) 25
23.
When did the cooperative movement start in India?
(a) 1904 AD
(b) 1905 AD
(c) 1907 AD
(d) 1920 AD
Answer-
(a) 1904 AD
24.
Which city has been called the financial capital of India?
(a) Mumbai
(b) Delhi
(c) Patna
(d) Bengaluru
Answer –
(a) Mumbai
25.
The economic system of India is
(a) socialist
(b) capitalist
(c) mixed
(d) none of these
Ans-
(c) mixed
26.
When did co-operatives become a transferred subject to the provincial
governments?
(a) 1929 AD
(b) 1919 AD
(c) 1914 AD
(d) 1918 AD
Answer –
(b) 1919 AD
27.
What is the number of Regional Rural Banks currently working in India?
(a) 192
(b) 196
(c) 190
(d) 199
Ans-
(b) 196
Q 28.
What is the requirement of financial services?
(a) Individuals
(b) Business organizations
(c) Government
(d) All of these
Ans-
(d) All of these
29.
Which institutions are included in the financial institutions?
(a) Commercial banks
(b) Co-operative credit societies
(c) Insurance companies
(d) All of these
Ans-
(d) All of these
30.
How many nationalized banks are there in India?
(a) 14
(b) 19
(c) 20
(d) 21
Ans-
(d) 21
31.
The Indian banking system is headed by
(a) Commercial Bank
(b) Co-operative Bank
(c) Regional Rural Bank
(d) Reserve Bank of India
Ans-
(d) Reserve Bank of India
32.
The institution which provides long term loans to agriculture is
(a) Primary Agricultural Credit Society
(b) Commercial Bank
(c) Bhoomi Vikas Bank
(d) Mahajan
Ans-
(c) Bhoomi Vikas Bank
Q33.
The number of Regional Rural Banks in Bihar is
(a) 3
(b) 10
(c) 15
(d) 25
Ans
(a) 3
34.
The self-help group consists of members of approx.
(a) 1-3
(b) 15-20
(c) 55-60
(d) 50-70
Ans-
(b) 15-20
Q35.
Indian capital market provides …… financial assistance.
(a) short term
(b) long term
(c) both 'A' and 'B'
(d) none of these
Ans
(b) long term
36.
How many types of deposits do commercial banks accept?
(a) two
(b) four
(c) five
(d) eight
Ans-
(b) four
Q37.
The regulatory body of stock market is
(a) SIDBI
(b) SEBI
(c) RBI
(d) STOCK EXCHANGE
Ans-
(d) STOCK EXCHANGE
2.
What are the major components of human capital?
(a) 6
(b) 4
(c) 5
(d) 8
Ans-
(c) 5
3.
Which is not a BIMARU state?
(a) Bihar
(b) Madhya Pradesh
(c) Uttar Pradesh
(d) Orissa
Answer –
(c) Uttar Pradesh
4.
Which service is non-governmental?
(a) Military service
(b) Financial service
(c) Mall service
(d) Rail service
Ans-
(c) Mall service
5.
What is the main source of energy?
(a) Coal
(b) Petroleum
(c) Electricity
(d) None of these
Ans-
(d) None of these
1.
Most of the workforce of developed countries is employed
in (a) agriculture sector
(b) industrial sector
(c) service sector
(d) none of these
Ans-
(c) service sector
2.
The basic structure of an economy is formed
(a) by agriculture
(b) by industries
(c) by services
(d) all three of these
Ans-
(d) all three of these
3.
Service sector is formed
by (a) transport services
(b) communication services
(c) commercial services
(d) all of these
Ans-
(d) all of these
4.
In which industry has India got more success?
(a) Computer hardware
(b) Computer software
(c) Both
(d) None of these
Ans-
(b) Computer software
5.
Which type of education has been declared as a fundamental right by the
Government of India?
(a) Elementary education
(b) Secondary education
(c) Higher education
(d) Technical education
Ans.
(a) Elementary education
6.
What are the main components of human capital?
(a) 6
(b) 4
(c) 5
(d) 8
Ans-
(c) 5
7.
Which of these states does not come under the category of sick states
? (a) Bihar
(b) Madhya Pradesh
(c) Karnataka
(d) Orissa
Answer –
(c) Karnataka
1.
The main components of human capital formation are
(a) health services
(b) housing
(c) education and training
(d) all of the above
Ans-
(d) all of the above
2.
The service sector in India can generally be divided into
(a) two
(b) four
(c) six
(d) eight.
Answer –
(a) two
3.
Which is not a BIMARU state? ,
(a) Bihar
(b) Madhya Pradesh
(c) Karnataka
(d) Orissa
Answer –
(c) Karnataka
4.
Which sector is called secondary sector?
(a) Service
(b) Agriculture
(c) Industry
(d) None of these
Ans-
(c) Industry
5.
Is Bihar a state?
(a) Industry head
(b) Animal husbandry head
(c) Mineral head
(d) Agriculture head
Ans-
(d) Agriculture head
6.
The share of population on agricultural sector is
(a) 67%
(b) 77%
(c) 68%
(d) 87%
Ans-
(d) 87%
7.
Which sector of an economy is called service sector?
(a) Primary sector
(b) Secondary sector
(c) Tertiary sector
(d) All three of these
Ans-
(c) Tertiary sector
8.
What percentage of India's workforce or working population is engaged in
the agriculture sector?
(a) 50-55%
(b) 65-70%
(c) 70-75%
(d) 80-85%
Ans-
(b) 65-70%
9.
Majority of the working population of developing countries is employed
in (a) Agriculture sector
(b) Industrial sector
(c) Service sector
(d) All of these sectors
Ans-
(a) Agriculture sector
10.
Under which scheme rural roads are being constructed?
(a) President's Road Scheme
(b) Prime Minister's Road Scheme
(c) Chief Minister's Road Scheme
(d) All of these
Ans-
(b) Prime Minister's Road Scheme
11.
The third sector of economic development is
(a) Agriculture sector
(b) Industry sector
(c) Science sector
(d) Service sector
Ans-
(d) Service sector
12.
Which of the following is a part of communication services?
(a) Newspaper
(b) Telephone
(c) Television
(d) All of these
Ans-
(d) All of these
13.
Which city of our country has become a symbol of information technology
and software power?
(a) Delhi
(b) Mumbai
(c) Bangalore
(d) Chennai
Answer –
(c) Bangalore
14.
Which is the most important of the transport services of India?
(a) Roads
(b) Railways
(c) Shipping
(d) Civil aircraft
Ans-
(b) Railways
15.
Where was the first television center of India established?
(a) Mumbai
(b) Kolkata
(c) Delhi
(d) Chennai
Answer –
(c) Delhi
16.
Which service is non-governmental?
(a) Financial service
(b) Military service
(c) Mall service
(d) Rail service
Ans
(c) Mall service
17.
Which of the following is not a Bimaru state?
(a) Bihar
(b) Madhya Pradesh
(c) Karnataka
(d) Odisha
Answer –
(c) Karnataka
18.
Which sector is called tertiary sector?
(a) Service
(b) Industrial
(c) Agriculture
(d) None of these
Ans-
(a) Service
19.
Which sector is called secondary sector?
(a) Service
(b) Agriculture
(c) Industry
(d) None of these
Ans-
(c) Industry
20.
The major components of human capital formation are
(a) 4
(b) 6
(c) 5
(d) 8
Ans
(c) 5
21.
What is the third sector of economic development?
(a) Service Sector
(b) Education Sector
(c) Science Sector
(d) Agriculture Sector
Answer-
(a) Service Sector
22.
What are the main sectors of economic development?
(a) two
(b) three
(c) four
(d) five
Ans-
(b) three
23.
When was Jawahar Rozgar Yojana started?
(a) 1979
(b) 1989
(c) 1983
(d) 1985
Ans-
(b) 1989
24.
Which type of education has been declared as a fundamental right by the
Government of India?
(a) Elementary education
(b) Secondary education
(c) Higher education
(d) Technical education
Ans.
(a) Elementary education
25.
In which industry has India got more success?
(a) Computer hardware
(b) Computer software
(c) Both 'A' and 'B'
(d) None of these
Ans-
(b) Computer software
29.
The basic structure of an economy is formed by
(a) agriculture
(b) industries
(c) services
(d) none of these
Ans-
(c) services
30.
What is the main source of energy?
(a) Coal
(b) Petroleum
(c) Electricity
(d) All of these
Ans-
(d) All of these
31.
Which city of our country has become a symbol of information technology
and software power?
(a) Delhi
(b) Mumbai
(c) Bangalore
(d) Chennai
Answer –
(c) Bangalore
32.
Which area has seen maximum development in Bihar during the last
years?
(a) Agriculture sector
(b) Industrial sector
(c) Service sector
(d) None of these
Ans-
(c) Service sector
33.
… .. .….. is a national scheme for rural employment.
(a) NREGA
(b) Self Help Group
(c) Both 'A' and 'B'
(d) None of these
Ans-
(a) NREGA
Chapter 6 Globalization
1.
The World Trade Organization was established
in (a) 1990
(b) 1991
(c) 1995
(d) 1997
Ans
(c) 1995
2.
How is India likely to benefit from globalization?
(a) Increase in efficiency
(b) Increase in employment opportunities
(c) Increase in productivity
(d) All of these
Ans
(d) All of these
3.
Based on the distribution of the population, the percentage of deprived
households is
(a) 51.3%
(b) 33.2%
(c) 12.8%
(d) 1.7%
Ans-
(a) 51.3%
4.
Which of the following organization helped in the expansion of
globalization
(a) International Monetary Fund
(b) World Bank
(c) World Trade Organization
(d) All of these
Ans-
(d) All of these
5.
Who is the organization that sets the rules related to international trade?
(a) World Bank
(b) IMF
(c) UNO
(d) None of these
Ans-
(d) None of these
6.
Globalization means
(a) control on imports
(b) integration with world economy
(c) control on exports
(d) none of these
Ans-
(a) control on imports
7.
What are the main components of globalization?
(a) one
(b) two
(c) three
(d) four
Ans
(d) four
8.
Globalization has resulted in increase among different countries
in (a) Imports
(b) Exports
(c) Both (a) and (b)
(d) None of these
Ans-
(c) (a) and (b) both
9.
Globalization benefits from
(a) producers
(b) consumers
(c) both (a) and (b)
(d) none of these
Ans-
(d) none of these
10.
Which of the following is a multinational company?
(a) Ford Motors
(b) Coca-Cola
(c) Nokia
(d) All of these
Ans-
(d) All of these
11.
What are the main components of globalization?
(a) one
(b) two
(c) five
(d) four
Ans-
(c) five
12.
When was the new economic policy announced in India?
(a) 1981
(b) 1991
(c) 1985
(d) 2001
Ans-
(b) 1991
13.
Who was included in the new economic policy?
(b) Privatization
(c) Globalization
(d) All of the above
Ans-
(d) All of the above
14.
Globalization means
(a) increasing the process of government
(b) restriction on foreign capital and investment
(c) integration of the country's economy with the world economy through
trade, capital, technology transfer information flow
(d) none of these No
Ans-
(c) Integration of the country's economy with the world economy through
trade, capital, technology transfer information flow
15.
Who is the organization that sets the rules related to international trade?
(a) World Bank
(b) IMF
(c) UNO
(d) None of these
Ans-
(d) None of these
16.
The new economic policy related to economic reforms was adopted by the
Government of India?
(a) in July 1980
(b) in July 1985
(c) in July 1991
(d) in July 2001
Ans-
(c) in July 1991
17.
The new economic policy of the government is a part of
(a) Liberalization
(b) Privatization
(c) Globalization
(d) All of these
Ans-
(d) All of these
18.
The World Trade Organization (WTO) was established
in (a) 1990
(b) 1995
(c) 2001
(d) 2005
Ans
(b) 1995
19.
Which is the most important of the factors promoting globalization?
(a) Development of transport and technology
(b) Improvement in marketing system
(c) Development of information and communication technology
(d) Development of banking services
Ans-
(c) Development of information and communication technology
20.
The most common method of investment by multinational corporations in
other countries is
(a) setting up new factories
(b) buying local companies
(c) partnering with local companies
(d) all of these
Ans
. (b) local companies buy up
21.
Which of the following is a multinational company?
(a) Ford Motors
(b) Coca-Cola
(d) All of these
Ans-
(d) All of these
22.
The objective of Globalization is
(a) Free flow of goods
(b) Free flow of capital
(c) Free flow of technology
(d) All of these
Ans-
(d) All of these
23.
Which industry of Bihar has received maximum encouragement from
globalization?
(a) Agriculture and Animal Husbandry
(b) Tourism
(c) Manufacturing
(d) None of these
Ans-
(b) Tourism
24.
Which MNC has bought the 'Thumbs Up' brand of Parle Group
?
(a) Nokia
(b) LG
(c) Coca-Cola
(d) Reebok
Ans.
(c) Coca-Cola
26.
Globalization refers to …….. to different economies of the world. is from
(a) add
(b) break
(c) both 'A' and 'B'
(d) none of these
Ans-
(a) add
27.
Which city of our country has become the center of information
technology?
(a) Bangalore
(b) Delhi
(c) Mumbai
(d) Chennai
Answer –
(a) Bangalore
28.
Which economist supported liberal economic policy?
(a) Marshall
(b) Adam Smith
(c) Pigou
(d) Robbins
Ans
(b) Adam Smith
29.
Which of the following is an Indian multinational company?
(a) Nokia
(b) Dabur
(c) Samsung
(d) None of these
Ans-
(b) Dabur
30.
What percentage of the country's population is deprived of basic
amenities?
(a) 80%
(b) 85%
(c) 70%
(d) 75%
Ans-
(b) 85%
4.
What is the meaning of globalization?
(a) Ban on foreign capital and investment
(b) Coordination of the country's economy with the world economy
through trade, capital, technology transfer, information flow
1.
Globalization is characterized by
(a) free flow of goods
(b) free flow of capital
(c) free flow of technology
(d) all of these
Ans-
(d) all of these
2.
As a result of globalization, the competition between the producers of two
countries
will (a) decrease
(b) increase
(c) decrease-increase
(d) will remain unchanged
Ans-
(b) will increase
3.
The most common method of investment by multinational corporations in
other countries is
(a) setting up new factories
(b) buying local companies
(c) partnering with local companies
(d) all of these
Ans
(d) all of these
4.
Part of the new economic policy of the government is
(a) Liberalization.
(b) Privatization
(c) Globalization
(d) All of these
Ans-
(d) All of these
5.
Whose standard of living has improved due to globalization?
(a) All people
(b) Rich class people
(c) Unskilled laborers
(d) None of these
Ans-
(a) All people
Chapter 7 Consumer Awareness and Protection
1.
When was the India Consumer Protection Act announced?
(a) 1986
(b) 1980 (c)
1987
(d) 1988
Ans-
(a) 1986
2.
When is Consumer Rights Day celebrated?
(a) 17th March
(b) 15th March
(c) 19th April
(d) 22nd April
Ans-
(b) 15th March
3.
What is the National Consumer Helpline Number?
(a) 100
(b) 1000-100
(c) 1800-11-4000
(d) 2000-114000
Ans-
(c) 1800-11-4000
4.
Which recognized mark is necessary to ensure the precision of gold
ornaments?
(a) ISI mark
(b) Hall mark
(c) Agmark
(d) None of these
Ans-
(b) Hall mark
5.
If the value of any goods or service is more than 20 lakhs and less than 1
crore, the consumer will complain to
(a) District Forum
(b) State Commission
(c) National Commission
(d) None of these
Ans-
(b) State Commission
6.
What is the application fee for making a complaint by the consumer?
(a) Rs.50
(b) Rs.70
(c) Rs.10 ,
(d) none of these
Ans-
(d) none of these
1.
The most famous slogan of Government of India for consumer awareness
is
(a) 'Wake up consumer'
(b) Avoid fraud'
(c) 'Be aware consumer'
(d) 'Know your rights'
Ans-
(a) 'Wake up customer wake up'
2.
What is the application fee for making a complaint by the consumer?
(a) Rs 50
(b) Rs 70
(c) Rs 10
(d) No fee in these
Ans-
(d) No fee in these
3.
When was the Indian Consumer Protection Act announced?
(a) 1986
(b) 1980
(c) 1987
(d) 1988
Ans-
(a) 1986
4.
What type of right is Right to Information?
(a) Statutory
(b) Elective
(c) Religious
(d) Traditional
Ans
. (a) Statutory
5.
The Right to Information Act was passed in India
(a) in March, 2001
(b) in April, 2003
(c) in june, 2005
(d) in November, 2007
Ans-
(c) inJune, 2005
6.
If the value of a good or service is more than Rs.20 lakhs and less than
Rs.1 crore, the consumer will file a complaint
(a) District Court
(b) State Commission
(c) National Commission
(d) None of these None
Ans-
(b) In the State Commission
7.
Which mark is used to identify the purity of gold jewelery
(a) Trade mark
(b) Hall mark
(c) Agmark
(d) UL mark
Ans-
(b) Hall mark
8.
When is Consumer Rights Day celebrated?
(a) 17th March
(b) 15th March
(c) 19th April
(d) 22nd April
Ans-
(b) 15th March
9.
Consumer awareness movement started
in (a) America
(b) France
(c) England
(d) Germany
Ans
(c) England
11.
The originator of the consumer movement is considered to be
(a) President Roosevelt
(b) Prof. Muhammad Yunus
(c) Ralph Nadar
(d) Dr. Kalam
Ans.
(c) Ralph Nadar
12.
The main causes of consumer exploitation are
(a) Lack of information
(b) Limited supply of goods
(c) Ignorance of consumers
(d) All of these
Ans.
(d) All of these
14.
When was the Consumer Protection Act announced in India?
(a) 1980
(b) 1987
(c) 1986
(d) 1988
Ans-
(c) 1986
15.
Which mark identifies the purity of gold jewellery?
(a) Agmark
(b) ISI mark
(c) Hall mark
(d) None of these
Ans-
(c) Hall mark
Q 16.
What is the application fee for making a complaint by the consumer?
(a) Rs.50.
(b) Rs.10
(c) Rs 70
(d) None of these
Ans-
(d) None of these
17.
The main type of exploitation of consumers is
(a) Weight loss
(b) Adulteration
(c) Misleading propaganda
(d) All of these
Ans.
(d) All of these
18.
Consumer awareness movement started
in (a) America
(b) France
(c) England
(d) Germany
Ans
(c) England
19.
Appeal of consumers under 'Consumer Protection Act'.
(a) State Commission
(b) National Commission
(c) Both 'A' and 'B' ( d
) None of these
Ans-
(c) Both 'A' and 'B'
20.
When is National Consumer Day celebrated in India?
(a) 26th January
(b) 14th August
(c) 15th December
(d) 24th December
Ans
(d) 24th December
21.
If the value of a good or service is more than Rs.20 lakhs and less than
Rs.1 crore, then the consumer will complain
(a) to the District Forum
(b) to the State Commission
(c) to the National Commission
(d) none of these
Ans . -
(b) in the State Commission
22.
The Government of India has passed the 'Right to Information Act'
(a) in 2001
(b) in 2004
(c) in 2005
(d) in 2006
Ans-
(c) in 2005
23.
What type of right is Right to Information?
(a) Social
(b) Religious
(c) Legal
(d) Traditional
Ans-
(c) Legal
24.
The most popular slogan of the government for consumer awareness is
(a) 'Awake the customer wake up'
(b) 'Avoid fraud'
(c) 'Know your rights'
(d) 'Be a conscious consumer'
Ans-
(a) ) 'Wake up customer wake up'
25.
The 'Protection of Human Rights Act' was passed in India
(a) in 1981
(b) in 1991
(c) in 1993
(d) in 1995
Ans-
(c) in 1993
26.
The logo of Hallmark is the proof of the quality of which item?
(a) Bottled drinks
(b) Electrical equipment
(c) Gold ornaments
(d) Food items
Ans
(c) Gold ornaments
27.
The National Human Rights Commission was established
in (a) 1981
(b) 1991
(c) 1993
(d) 1995
Ans
(c) 1993
28.
When is the Consumer Rights Day celebrated?
(a) 17th March
(b) 15th March
(c) 19th April
(d) 22nd April
Ans :
(b) 15th March
Q 29.
Which recognized mark is necessary to ensure the fineness of gold
ornaments?
(a) ISI mark
(b) Hallmark
(c) Agmark
(d) None of these
Ans-
(b) Hallmark
30.
The ISI symbol protects us
from (a) Counterfeit and non-standard products
(b) Counterfeit goods by sellers
(c) Substandard goods
(d) All of the above
Answer
(a) Counterfeit and non-standard products
31.
The Bureau of Indian Standards is
(a) India's premier standardization body
(b) an international standardization body
(c) a state's standardization body
(d) all of the above
Answer -
(a) India's premier standardization body
32.
Which of the following marks should consumers look for while buying
goods?
(a) Agmark
(b) Bullmark
(c) Hallmark
(d) All of the above
Ans-
(d) All of the above
Q 33.
Where is the headquarter of International Standards Organization (ISO)?
(a) Geneva
(b) Dhaka
(c) New York
(d) London
Answer –
(a) Geneva
34.
The main cause of consumer exploitation is
(a) Lack of information
(b) Lack of knowledge
(c) Being fooled by sellers
(d) None of these
Ans-
(a) Lack of information
Q 35.
If the consumer's complaint is worth more than one crore, where will he
have to file the complaint?
(a) District Consumer Forum
(b) State Consumer Forum
(c) National Commission
(d) None of these
Ans-
(c) National Commission
THANK YOU ……