March 22, 2019

Economy MCQ(1) For WBCS Main 2019


1)National Agriculture Insurance Scheme was implemented on
A)Oct. 1997
B)Oct. 1998
C)Oct. 1999
D)Oct. 2000

2)Mahila Samridhi Yojana started in ?
A)1992

B)1993

C)1994

D)1995

3)Receipts in budget can be capital or revenue. Which of these is/are capital receipts?
1. Loan recoveries
2. Provident funds deposits
3. Grants
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1, 2 and 3

4)If a government is unable to pass the budget in Lok Sabha, then:
a) a totally new budget is presented.
b) the budget is revised and presented again.
c) the government has to resign.
d) none of the above

5)With reference to contribution from taxes, consider the following statements:
1. Contribution from direct taxes is more than that from indirect taxes.
2. Corporation tax is the largest contributor.
Which of the statements given above is/are correct ?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

6)The Economic Survey is complied by:
a) Office of economic advisor.
b) Central Statistical office ( CSO )
c) National Sample Survey Organization (NSSO)
d) Department of economic affairs.

7)Gross capital formation will increase if:
1. gross domestic savings increases
2. gross domestic consumption increases
3. GDP increases
Select the correct answer using the codes given below.
a) 1 only
b) 1 and 2 only
c) 1 and 3 only
d) None

8)Consider the following statements:
1. India’s GDP is more than its GNP.
2. Net Factor Income from Abroad (NFIA) is positive for India.
Which of the statements given above is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

9)Integrated Child Development Services (ICDS) Scheme aims to provide many services to children that includes:
1. school education
2. Nutrition support
3. Immunization
Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1, 2 and 3

10)Gross budgetary support means:
a) centre’s contribution to budget
b) expenditure in budget on social schemes
c) assistance provided by the Centre to five year plan.
d) none of the above

Answer
1) C
2) B
3) A
4) C
5) C(Since 2007-08, the contribution of direct tax has been more than indirect tax. Before this, the trend was opposite.)
6) D
7) D
8) A
9) D
10) C

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