Archives: Quizzes & Surveys

Economics 10

Welcome to your Economics 10

1. The Per Capita Income in India was ` 20 in 1867-68 was ascertained for the first time by

a) Sir W. Hunter
b) M.G. Ranade
c) Dadabhai Naoroji
d) R.C. Dutta

(a)

(b)

(c)

(d)
None

2. The most appropriate measure of a country’s economic growth is its

a) Net Domestic Product
b) Gross Domestic Product
c) Per Capita Real Income
d) Net National Product

(a)

(b)

(c)

(d)
None

3. The most appropriate measure of a country’s economic growth is its

a) Net Domestic Product
b) Gross Domestic Product
c) Net National Product
d) Per capita real income

(a)

(b)

(c)

(d)
None

4. Consider the following stages of demographic transition associated with economic development:
(1)Low birth rate with a low death rate
(2)High birth rate with a high death rate
(3)High birth rate with a low death rate
Select the correct answer using the following codes:

a) 2, 1 and 3
b) 1, 2 and 3
c) 2, 3 and 1
d) 3, 2 and 1

(a)

(b)

(c)

(d)
None

5. Consider the following statements regarding Indian planning.
(1)The second five year plan emphasized on the establishment of heavy industries.
(2)The third five year plan aimed to achieve self-sufficiency in foodgrains and increase agricultural production to meet the requirements of industry and exports.
Which of the statements given above is/are correct?

a) 2 only
b) 1 only
c) Both 1 and 2
d) Neither 1 nor 2

(a)

(b)

(c)

(d)
None

6. ‘World Development Report’ is an annual publication of

a) United Nations Development Programme
b) International Bank of Reconstruction and Development
c) World Trade Organisation
d) International Monetary Fund

(a)

(b)

(c)

(d)
None

7. National product at factor cost is equal to

a) National product at market prices – indirect taxes + subsidies
b) Domestic product + Net factor income from abroad
c) Gross domestic-product – depreciation
d) National product at market prices + Indirect taxes + subsidies

(a)

(b)

(c)

(d)
None

8. The most simple and popular method of measuring economic development is to calculate the trend of Gross National Product (GNP) at

a) Constant prices
b) Current prices
c) None of the above
d) Both of the above

(a)

(b)

(c)

(d)
None

9. In India, rural incomes are generally lower than urban incomes. Which of the following reasons account for this?
(1)A large number of farmers are illiterate and know little about scientific agriculture.
(2)Prices of primary products are lower than those of manufactured products.
(3)Investment in agriculture has been lower when compared to investment in the industry

a) 1 and 2
b) 1, 2 and 3
c) 1 and 3
d) 2 and 3

(a)

(b)

(c)

(d)
None

10 . Consider the following statements:
(1)In India, more than 85% agriculture workers are mainly casual labourers.
(2)Agriculture labourers in India are mainly dominated by the backward classes.
Which of the statements given above is/are correct?

a) 1 and 2
b) 2 only
c) 1 only
d) None

(a)

(b)

(c)

(d)
None

11. In free economy, inequalities in income is due to

a) private property and inheritance
b) free competition
c) differences in the marginal productivity of labour
d) private property only

(a)

(b)

(c)

(d)
None

12. The term National Income represents

a) Gross National Product at market price minus depreciation plus net factor Income from abroad

b) Gross National Product at market price minus depreciation

c) Gross National Product at market price minus net factor income from abroad

d) Gross National Product at market price minus depreciation and indirect tax plus subsidies

(a)

(b)

(c)

(d)
None

13. Share of food in total consumption expenditure has been coming down as Per Capita Income grew over time in last sixty years because

a) people have been preferring non-cereal items in their food basket

b) people have been purchasing less food

c) growth in food expenditure has been lower than growth in per capita income

d) percentage of the poor in population has increased over time

(a)

(b)

(c)

(d)
None

14. Consider the following statements:
(1)Agriculture including allied activities accounted for about 55% employment in the country according to census 2011.
(2)The growth in agriculture and allied sectors is a necessary condition for inclusive growth in India.
Which of the statements given above is/are correct?

a) 1 and 2
b) 2 only
c) 1 only
d) None

(a)

(b)

(c)

(d)
None

15. As per 2011 census, arrange the following states/union territories in decreasing order of population.

a) Puducherry – Mizoram – Chandigarh – Sikkim

b) Chandigarh – Puducherry – Mizoram – Sikkim

c) Chandigarh – Puducherry – Sikkim – Mizoram

d) Puducherry – Chandigarh – Sikkim – Mizoram

()

()
None

16. Harrods-Domar model of growth is based on the concepts of and their equality.
(1)Population and productivity growth.
(2)Investment and average growth rate of income.
(3)Actual, warranted and natural growth rate.
(4)Productivity growth and investment growth. Codes:

a) 3 only
b) 1 and 4
c) 1 and 3
d) 1, 2 and 3

(a)

(b)

(c)

(d)
None

17. Which of the following would cause consumption to rise?

a) a greater proportion of the population is between age 20 and 30
b) the GDP Deflator rises
c) transitory income increases
d) income is taken from poor people and given to rich people

(a)

(b)

(c)

(d)
None

18. In which year was the 20 point economic programme was announced for the very first time?

a) 2006
b) 1975
c) 1986
d) 1982

(a)

(b)

(c)

(d)
None

19. The term mixed economy denoted the existence of both

a) private and public sector
b) rural and urban sector
c) heavy and small industry
d) developed and under developed sector

(a)

(b)

(c)

(d)
None

20. Indicate the vital change in the measurement of National Income of India.

a) Calculation has been changed from factor cost to market prices
b) Base year has been changed from 2004-05 to 2011-12
c) Both the base year and calculation method have been changed
d) Calculation has been changed from current prices to constant prices

(a)

(b)

(c)

(c)
None

Time’s up

September 23, 2024
Economics 9

Welcome to your Economics 9

1. The first Regional Rural Bank “Prathama Grameen Bank” was set up on October 2

a) 1975
b) 1979
c) 1987
d) 1957

(a)

(b)

(c)

(d)
None

2. Mizoram Rural Bank/Founded – 27 September

a) 1980
b) 1982
c) 1983
d) 1984

(a)

(b)

(c)

(d)
None

3. People engaged in primary activities are called _____ workers due to the outdoor nature of their work.

a) Red-collar
b) White-collar
c) Green-collar
d) Yellow-collar

(a)

(b)

(c)

(d)
None

4. What happens when CRR is increased?

a) it decreases money supply
b) it decreases inflation
c) it increases demand for money
d) all of the above

(a)

(b)

(c)

(d)
None

5. What do we call the rate at which the Reserve Bank of India lends money to commercial banks?

a) repo rate
b) reverse repo rate
c) CRR
d) SLR

(a)

(b)

(c)

(d)
None

6. Who is the chairperson of the Monetary Policy committee of India?

a) Finance Minister
b) Prime Minister
c) RBI Governor
d) Chief Economic Adviser

(a)

(b)

(c)

(d)
None

7. Which of the following concepts is the opposite of inflation?

a) Deflation
b) Stagflation
c) Recession
d) None of the above

(a)

(b)

(c)

(d)
None

8. Inflation is measured by _______

a) Consumer price index
b) Wholesale price index
c) Marshall’s index
d) None of the above

(a)

(b)

(c)

(d)
None

9. The combination of stagnation and inflation is known as ____

a) Stagflation
b) Cost-push inflation
c) Demand-pull inflation
d) None of the above

(a)

(b)

(c)

(d)
None

10. When the central government reduces the value of the domestic currency in terms of foreign currency, this phenomenon is called ____

a) Depreciation

b) Appreciation

c) Devaluation

d) None of the above

(a)

(b)

(c)

(d)
None

11. Who is the present governor of Reserve Bank of India (RBI)?

(a) Viral Acharya
(b) Urjit Patel
(c) Raghuram Rajan
(d) Shaktikanta Das

(a)

(b)

(c)

(d)
None

12. Who issues currency notes on behalf of the Central Bank in India?

(a) Reserve Bank of India
(b) State Bank of India
(c) World Bank
(d) None of the above

(a)

(b)

(c)

(d)
None

13. White Revolution is related to

a) Tomato Production
b) Fish Production
c) Milk Production
d) Meat Production

(a)

(b)

(c)

(d)
None

14. Which of the following institutions deals with the credit to agriculture and rural development?

(a) IDBI
(b) NABARD
(c) ICICI
(d) SIDBI

(a)

(b)

(c)

(d)
None

15. The economic term used to rank countries according to human development is

a) GDP Per Capita
b) GNP
c) Gini
d) HDI

()

()
None

16. Which of the following statements is/are correct?
(1)If a country is experiencing an increase in its per capita GDP, its GDP must necessarily be growing.
(2)If a country is experiencing negative inflation its GDP must be decreasing.
Select the correct answer using the codes given below

a) Only 2
b) Only 1
c) Both 1 and 2
d) Neither 1 nor 2

(a)

(b)

(c)

(d)
None

17. The concept of Economic Planning in India is derived from which country?

a) UK
b) USA
c) Russia
d) France

(a)

(b)

(c)

(d)
None

18. The national income of a country for a given period is equal to the

a) Sum of total consumption and investment expenditure
b) Total value of goods and services produced by the nationals
c) Money value of final goods and services produced
d) Sum of personal income of all individual

(a)

(b)

(c)

(d)
None

19. Planning was considered a prerequisite :
(1)For balanced socio-economic development
(2)For extending the benefits of development in an even manner.
(3)For focussing on removal of regional disparities
(4)For maximizing the utilization of available resources
Select the correct answer using the codes given below :Codes :

a) 1, 2 and 3
b) 1 and 2
c) 2, 3 and 4
d) All the above

(a)

(b)

(c)

(d)
None

20. Net National Product (NNP) of a country is

a) GDP plus net income from abroad
b) GDP minus depreciation allowances
c) GNP minus net income from abroad
d) GNP minus depreciation allowances

(a)

(b)

(c)

(c)
None

Time’s up

September 23, 2024
Economics 8

Welcome to your Economics 8

1. Who had prepared the Gandhian plan for economic development in 1944?

a) Mahatma Gandhi
b) Sriman Narayan
c) M.N Roy
d) J.P. Narayan

(a)

(b)

(c)

(d)
None

2. Sarvodaya plan was proposed by?

a)J.L. Nehru

b) M.N. Roy

c) J.P. Narayan

d) J.R.D. Tata

(a)

(b)

(c)

(d)
None

3. Which of the following was not objective of planning in India?

a) Economic Growth

b) Poverty

c) Alleviation Self reliance

d) Avoiding modernisation

(a)

(b)

(c)

(d)
None

4. Planning commission was

a) A constitutional body

b) Non advisory body

c) Non autonomous

d) Extra constitutional body

(a)

(b)

(c)

(d)
None

5. Emphasis on Rapid industrialisation & focus on heavy industry was the objective of?

a) First five year plan
b) Second five year plan
c) Third five year plan
d) Fifth Five year plan

(a)

(b)

(c)

(d)
None

6. Inclusive growth remained as an objective of which of the five year plan?

a)Tenth plan
b) Eleventh Five Year plan
c) Fifth plan
d) Sixth plan

(a)

(b)

(c)

(d)
None

7. The concept of Economic Planning in India is derived from which country?

a) UK
b) USA
c) Russia
d) France

(a)

(b)

(c)

(d)
None

8. NITI Aayog current CEO

a) BVR Subrahmanyam
b) Rajiv Kumar
c) Rajiv Singh
d) Shri Suman Bery

(a)

(b)

(c)

(d)
None

9. NITI Aayoy current Vice Chairman

a) Suri Bery
b) Rajiv Kumar
c) Suman Bery
d) Arvind Panagariya

(a)

(b)

(c)

(d)
None

10. Finance Commissions of India was established under Article —— of Indian Constitution

a) 280
b) 278
c) 270
d) 208

(a)

(b)

(c)

(d)
None

11. 15th Finance Commissions Chairman

a) KN Singh
b) NK Singh
c) KC Neogi
d) KN Neogi

(a)

(b)

(c)

(d)
None

12. Which of the following is/are the major objective of planning in India?
1. Controlling economic inequality
2. Self-reliance
3. Credit control
4. Poverty alleviation
Select the correct answer using the codes given below:

(a) 2 only
(b) 2, 3 and 4 only
(c) 1, 2 and 4 only
(d) 2 and 3 only

(a)

(b)

(c)

(d)
None

13. Which of the following Five Year Plan (FYP) gave emphasis to agriculture sector?

a)1st FYP
b) 2nd FYP
c) 3rd FYP
d) 4th FYP
Select the correct answer using the codes given below:

(a) 1 and 2 only
(b) 2 and 3 only
(c) 1, 3 and 4 only
(d) 1, 2, 3 and 4

(a)

(b)

(c)

(d)
None

14. The primary function of the Finance Commission in India is to

(a) Distribute revenue between the Centre and the States
(b) Prepare the Annual Budget
(c) Advise the Presidents on financial matters
(d) Allocate funds to various ministries of the Union and the State Government

(a)

(b)

(c)

(d)
None

15. Which of the statements given below is/are incorrect?

(a) NDP = GDP – depreciation
(b) GNP = GDP + Net income from abroad
(c) NNP = GNP + depreciation
(d) Per capita income of the Nation = NNP/Total population

()

()
None

16. The 2022 BRICS summit was hosted by

a) India
b) Brazil
c) China
d) South Africa

(a)

(b)

(c)

(d)
None

17. Which ministry has the highest allocation in 2023 – 2024 Budget ?

a) Ministry of Railways
b) Ministry of Defence
c) Ministry of Road Transport and Highways
d) Food and Public Distribution

(a)

(b)

(c)

(d)
None

18. According to the Budget 2023 – 2024 maximum expenditure is to be on

a) Food subsidy

b) Fertilizer subsidy

c) Fuel subsidy

d) Export subsidy

(a)

(b)

(c)

(d)
None

19. NITI Aayog current CEO

a) BVR Subrahmanyam
b) Rajiv Kumar
c) Rajiv Singh
d) Shri Suman Bery

(a)

(b)

(c)

(d)
None

20. Inflation is measured by _______

a) Consumer price index
b) Wholesale price index
c) Marshall’s index
d) None of the above

(a)

(b)

(c)
None

21. Under the Budget 2023 – 2024, the allocated amount for MNREGA is

a) Rs. 73,000 crore
b) Rs. 60,000 crore
c) Rs. 68,000 crore
d) Rs. 70,000 crore

(a)

(b)

(c)

(d)
None

22. When was R.B.I. nationalised?

a) 1935
b) 1949
c) 1929
d) 1914

(a)

(b)

(c)

(d)
None

23.. The base year for WPI (Wholesale Price Index) is
a) 2004 – 2005
b) 2011 – 2012
c) 2015 – 2016
d) none of the above

(a)

(b)

(c)

(d)
None

Time’s up

September 23, 2024
Polity 3

Welcome to your Polity 3

1. The state executive consist of

a)Governor, Advocate General, Chief Minister

b)Chief Minister, Cabinet Minister, Minister of State

c)Governor, Chief Minister, Council of Ministers

d)Council of Ministers, Advocate General, Chief Minister

(a)

(b)

(c)

(d)
None

2. The legislative assembly should consist of members between

a)40 – 500
b)60 – 500
c)30 – 600
d)50 – 400

(a)

(b)

(c)

(d)
None

3. Who is the new Dy.Speaker of Mizoram Legislative Assembly

a)H.Biakzauva
b)Er.Lalrinawma
c)Lalrinliana Sailo
d)Lalchhandama

(a)

(b)

(c)

(d)
None

4. In January 2020, the Anglo Indian reserve seat in the Parliament and state legislature of India was abolished by

a)42nd Constitutional Amendment Act
b)44th Constitutional Amendment Act
c)73rd Constitutional Amendment Act
d)104th Constitutional Amendment Act

(a)

(b)

(c)

(d)
None

5. The duration for Legislative Council is

a)5 years
b)6 years
c)7 years
d)4 years

(a)

(b)

(c)

(d)
None

6. The institution of Panchayati Raj was first introduced in Rajasthan in

a)3rd March,1959
b)4th May,1959
c)2nd Oct, 1959
d)3rd Nov, 1959

(a)

(b)

(c)

(d)
None

7. Which Constitutional Amendment Act gave Constitutional status to Panchayati Raj.

a)42nd Constitutional Amendment Act
b)44th Constitutional Amendment Act
c)73rd Constitutional Amendment Act
d)104th Constitutional Amendment Act

(a)

(b)

(c)

(d)
None

8. How many recognized National Parties are there in India till today

a)6
b)7
c)8
d)9

(a)

(b)

(c)

(d)
None

9. The National flag was adopted by the Constituent Assembly on

a)2nd Oct,1949
b)22nd July, 1947
c)15th Aug, 1950
d)26th Nov,1949

(a)

(b)

(c)

(d)
None

10. The word Satyameva Jayate meaning Truth along Triumphs was taken from

a)Bhagavat Gita

b)Rig Veda

c)Sama Veda

d)Mudakka Upanishad

(a)

(b)

(c)

(d)
None

11. The white colour in the National Flag symbolize

a)Courage and sacrifice

b)Truth and Peace

c)Faith and Chivalry

d)Justice and Prosperity

(a)

(b)

(c)

(d)
None

12. The Indian National anthem was first sung on

a)11th January 1899
b)27th December 1911
c)15th August 1869
d)30th May 1905

(a)

(b)

(c)

(d)
None

13. The Indian National song was composed by

a) Mahatma Gandhi
b) Rabindranath Tagore
c) Bakim Chandra Chaterjee
d) Dr.BR Ambedkar

(a)

(b)

(c)

(d)
None

14. States where Panchayati Raj Institutions were not implemented

a) Nagland, Manipur, Mizoram
b) Sikkim, Manipur, Mizoram
c) Sikkim, Tripura, Mizoram
d) Nagland, Mehalaya, Mizoram

(a)

(b)

(c)

(d)
None

15. National Aquatic Animal of India

a) Gangetic Cat-fish
b) Gangetic Dolphin
c) Gangetic Shark
d) Gangetic frog

()

()
None

16. Which Constitutional amendment is known as the Mini Constitution

a)44th Amendment
b)41st Amendment
c)42nd Amendment
d)46th Amnedment

(a)

(b)

(c)

(d)
None

17. Which Act provided for the establishment of RBI

a)Government of India Act 1935
b)The Indian Independence Act 1947
c)Government of India Act 1858
d)Mountbatten Plan

(a)

(b)

(c)

(d)
None

18. From which constitution the concept of single citizenship is borrowed

a)USA
b)British
c)Australia
d)USSR

(a)

(b)

(c)

(d)
None

19. Which state was created as the first linguistic state in 1953

a)Arunachal Pradesh
b)Madhya Pradesh
c)Andhra Pradesh
d)Uttar Pradesh

(a)

(b)

(c)

(d)
None

20. Which three new words were added to the Preamble by the 42nd Constitutional Amendment Act

a)Justice, equality, secular
b)Socialist, secular, integrity
c)Fraternity, equality, Secular
d)Integrity, justice, fraternity

(a)

(b)

(c)
None

Time’s up

September 23, 2024
Economics 7

Welcome to your Economics 7

1.Who constituted the finance commission?

(a) Prime minister

(b) Council of minister

(c) President

(d) None of these

(a)

(b)

(c)

(d)
None

2. Finance commission is a

(a) Constitutional body
(b) Statutory body
(c) Extra constitutional body
(d) None of these

(a)

(b)

(c)

(d)
None

3. Finance Commission comprises –

(a) Chairman and nine elected (by Lok Sabha) members
(b) Chairman, Vice-chairman and eight nominated members
(c) Chairman, and four other members appointed by the President
(d) Ten elected members of the Lok Sabha

(a)

(b)

(c)

(d)
None

4. What does a good with positive externalities known as?

(a)Giffen goods
(b)Public goods
(c)Merit goods
(d)Snob good

(a)

(b)

(c)

(d)
None

5. What is seasonal unemployment?

(a)Kind of unemployment generally found in urban areas

(b)Kind of unemployment when people are not able to find jobs during some months of the year

(c)Kind of unemployment when people are able to find jobs during the year

(d)None of these

(a)

(b)

(c)

(d)
None

6 .Which of the following land uses are restricted to Special Economic Zones?

(a)Educational Institutions
(b)Free trade Centres
(c)Marketing Centres
(d)Information Technology Companies

(a)

(b)

(c)

(d)
None

7. Who introduced the Ryotwari System of land revenue?

(a) Sir Thomas Munro
(b) Lord Cornwallis
(c) Robin Hood
(d) Lord Willingdon

(a)

(b)

(c)

(d)
None

8. Who introduced the Mahalwari System of land revenue?

(a) Lord Cornwallis
(b) Lord William Bentinck
(c) Wasco De Gama
(d) Lord Cannings

(a)

(b)

(c)

(d)
None

9. In which two places Mahalwari system was started?

a)Punjab and Haryana
b)Bengal and Bihar
c)Agra and Awadh
d)Maharashtra and Jammu Kashmir

(a)

(b)

(c)

(d)
None

10. When the Land Reform Act was passed?

a)1950
b)1953
c)1952
d)1957

(a)

(b)

(c)

(d)
None

11. Who among the following issues metallic coins in India?

a)RBI

b)Government of India

c)Bank and Financial Institutions

d)All of the above

(a)

(b)

(c)

(d)
None

12. Which of the following is issued by RBI?

a)Currency Notes

b)Coins

c)Both

d)None of the above

(a)

(b)

(c)

(d)
None

13. Which of the following is most liquid measure of money supply in India?

a)M2
b)M3
c)M1
d)M4

(a)

(b)

(c)

(d)
None

14. Which of the following is known as broad money?

a)M1
b)M2
c)M3
d)M4

(a)

(b)

(c)

(d)
None

15. Which of the following statements is true about the Indian monetary system?

a)The Indian monetary system is based on the gold standard
b)The Indian monetary system is based on the credit money standard
c)The Indian monetary system is based on the paper standard
d)The Indian monetary system is based on the metallic standard

()

()
None

16. What happens when margin requirements are increased.

a)There has been no change in the amount of money in circulation.
b)more likely to borrow more money resulting in a rise in the money supply
c)It decreases borrowing capacity and money supply
d)None of the above

(a)

(b)

(c)

(d)
None

17. On which commission’s recommendations; Reserve Bank of India was established?

(a)Chamberlain Commission
(b) Hilton Young Commission
(c) Keynes Commission
(d) None of the above

(a)

(b)

(c)

(d)
None

18. When was R.B.I. nationalised?

(a)1935
(b) 1949
(c) 1929
(d) 1914

(a)

(b)

(c)

(d)
None

19. The Author of the book ‘Wealth of Nations’

a)Adam Smith
b)Karl Mark
c)JM Keynes
d)Will Smith

(a)

(b)

(c)

(d)
None

20. How long does the accounting year of the Reserve Bank of India come from?

(a)1st July to 1st June
(b) 1st April to 31st March
(c) 1st July to 30th June
(d) January 1 to December 31

(a)

(b)

(c)
None

21. Which of the following statements is true about the fiscal deficit?

a)It is the difference between the total expenditure and receipts of a government excluding interest

b)It is the difference between the total expenditure and receipts of a government excluding spending

c)It is the difference between the total expenditure and receipts of a government excluding borrowings

d)It is the difference between the total expenditure and receipts of a government excluding taxes

(a)

(b)

(c)

(d)
None

22. Which of the following statements is correct about direct taxes?

a)The direct taxes are collected from the income earners

b)The direct taxes are collected from the producers on the goods or services produced by them

c)The direct taxes are collected from the sellers on the goods or services sold by them

d)The direct taxes are collected from the buyers on the goods or services bought by them

(a)

(b)

(c)

(d)
None

23. What is the duration of a financial year?

a)October 1st to September 30th

b)April 1st to March 31st

c)January 1st to December 30th

d)None of the above

(a)

(b)

(c)

(d)
None

24. Which of the following statements about the Goods and Services Tax is accurate?

a)The Goods and Services Tax is an example of indirect tax under the government ` receipts

b)The Goods and Services Tax is an example of direct tax under the government receipts

c)The Goods and Services Tax is an example of non-tax revenue under the government receipts

d)The Goods and Services Tax is an example of income tax under the government receipts

(a)

(b)

(c)

(d)
None

25. What is the name of the process under which the government starts to sell its securities to the private sector?

a)Disinvestment

b)Monetary expansion

c)Open market operations

d)All of the above

(a)

(b)

(c)

(d)
None

Time’s up

September 23, 2024
Economics 6

Welcome to your Economics 6

1. Which of the following is most liquid measure of money supply in India?

a) M2
b) M3
c) M1
d) M4

(a)

(b)

(c)

(d)
None

2. Which of the following is known as broad money?

a) M1
b) M2
c) M3
d) M4

(a)

(b)

(c)

(d)
None

3. Which of the following statements is true about the Indian monetary system?

a) The Indian monetary system is based on the gold standard
b) The Indian monetary system is based on the credit money standard
c) The Indian monetary system is based on the paper standard
d) The Indian monetary system is based on the metallic standard

(a)

(b)

(c)

(d)
None

4. What happens when margin requirements are increased.

a) There has been no change in the amount of money in circulation.
b) more likely to borrow more money resulting in a rise in the money supply
c) It decreases borrowing capacity and money supply
d) None of the above

(a)

(b)

(c)

(d)
None

5. What is the duration of a financial year?

a) October 1st to September 30th
b) April 1st to March 31st
c) January 1st to December 30th
d) None of the above

(a)

(b)

(c)

(d)
None

6. Who wrote the book ‘Planned Economy for India’?

(a) M. Visvesvaraya
(b) Sardar Vallabhbhai Patel
(c) Jawaharlal Nehru
(d) Mahatma Gandhi

(a)

(b)

(c)

(d)
None

7. Sarvodaya plan was proposed by?

a) J.L. Nehru
b) M.N. Roy
c) J.P. Narayan
d) J.R.D. Tata

(a)

(b)

(c)

(d)
None

8. NITI Aayog current CEO

a)BVR Subrahmanyam
b)Rajiv Kumar
c)Rajiv Singh
d)Shri Suman Bery

(a)

(b)

(c)

(d)
None

9. Which of the following unemployment takes place due to technological change in the economy?

a) Cyclical unemployment
b) Structural unemployment
c) Seasonal unemployment
d) Frictional unemployment

(a)

(b)

(c)

(d)
None

10. Economic Planning is a subject:

(a) in the Union List
(b) in the State List
(c) in the Concurrent List
(d) Unspecified in any special list

(a)

(b)

(c)

(d)
None

11. The steel plants at Durgapur, Bhilai and Rourkela were established during the period of :

(a) First Five Year Plan
(b) Second Five Year Plan
(c) Third Five Year Plan
(d) Fourth Five Year Plan

(a)

(b)

(c)

(d)
None

12. . Which among the following publishes the Ease of Doing Business report?

(a) World Bank
(b) International Monetary Fund
(c) World Economic Forum
(d) The United Nations Development Programme

(a)

(b)

(c)

(d)
None

13. . White Revolution is related to

a)Tomato Production
b)Fish Production
c)Milk Production
d)Meat Production

(a)

(b)

(c)

(d)
None

14. Which state has the forest cover as a percentage of the total area?

[a] Mizoram
[b] Arunachal Pradesh
[c] Assam
[d] Meghalaya

(a)

(b)

(c)

(d)
None

15. When was the first Industrial policy introduced in Independent India?

a)1950
b)1949
c)1948
d)1951

()

()
None

16. Who is called the ‘Father of Economics’?

(a) Max Muller
(b) Karl Marx
(c) Adam Smith
(d) None of these

(a)

(b)

(c)

(d)
None

17. India has:

(a) Socialistic economy
(b) Gandhian economy
(c) Mixed economy
(d) Free economy

(a)

(b)

(c)

(d)
None

18. Dadabhai Naoroji theorised on the drain of wealth from India in his book:

(a) Poverty under British Rule in India
(b) Poverty in British Rule in India
(c) Poverty and Un-British Rule in India
(d) Poverty of Economic Drain in British India

(a)

(b)

(c)

(d)
None

19. The Author of the book ‘Wealth of Nations’

a)Adam Smith
b)Karl Mark
c)JM Keynes
d)Will Smith

(a)

(b)

(c)

(d)
None

20. Socialist or State economic system is proposed by

a)Adam Smith
b)Karl Marx
c)JM Keynes
d)Will Smith

(a)

(b)

(c)
None

Time’s up

September 23, 2024
Economics 5

Welcome to your Economics 5

1. Who among the following was the Chairman of 14th Finance Commission?

(a) Shanta Kumar
(b) C. Rangarajan
(c) Y.V. Reddy
(d) None of the above

(a)

(b)

(c)

(d)
None

2. After the commencement of the Constitution how many Finance Commissions have been constituted?

(a) 10

(b) 8

(c) 9

(d) 15

(a)

(b)

(c)

(d)
None

3. The final approval to the five year plans of India is given by?

(a) NITI Aayog
(b) President of India
(c) National Development Council
(d) Ministry of Finance

(a)

(b)

(c)

(d)
None

4. National Development Council was established in

(a) 1952

(b) 1971

(c) 1958

(d) 1964

(a)

(b)

(c)

(d)
None

5 .The 12th Five Year Plan was applicable to and from which of the following periods?

(a) 2005-10
(b) 2004-09
(c) 2012–17
(d) 2007-12

(a)

(b)

(c)

(d)
None

6. Who was the last deputy chairman of the planning commission?

(a)Shri R.P Sinha

(b)Shri Shyamal Ghosh

(c)Shri Vinay Kohli

(d)Shri Montek Singh Ahluwalia

(a)

(b)

(c)

(d)
None

7. What does NITI Aayog stand for?

(a)National Institute for Technology India

(b)National Institute for Transforming India

(c)National Interest for Technology India

(d)National Interest for Transforming India

(a)

(b)

(c)

(d)
None

8. Which five year plan saw the devaluation of the Indian rupee?

(a)First

(b)Second

(c)Third

(d)Fourth

(a)

(b)

(c)

(d)
None

9. Which 5-year plan led to the establishment of the National Bank for Agriculture and Rural development?

(a)First

(b)Second

(c)Fifth

(d)Sixth

(a)

(b)

(c)

(d)
None

10. After which five year plan, ‘The Rolling plan’ was implemented?

(a) Third Plan

(b) Fifth plan

(c)Seventh plan

(d) Ninth Plan

(a)

(b)

(c)

(d)
None

11. Disguised unemployment is a common phenomenon in

a) Agriculture
b) Industry
c) Trade
d) Telecommunication

(a)

(b)

(c)

(d)
None

12. The full form of NSSO is

a) National Sample Survey Organisation

b) National Statistical Survey Organisation

c) National Standard Survey Organisation

d) National Scholarship and Schooling Organisation

(a)

(b)

(c)

(d)
None

13. Unemployment that occurs during the normal workings of an economy as people change jobs and move across the country is called _____.

a) structural unemployment.
b) natural unemployment
c) frictional unemployment
d) cyclical unemployment

(a)

(b)

(c)

(d)
None

14. National rural employment programme was launched in which year?

a) 1982
b) 1980
c) 1985
d) 1991

(a)

(b)

(c)

(d)
None

15. Who developed the concept of disguised unemployment?

a) John Keynes
b) Amartya Sen
c) John Robinson
d) Alfred Marshal

()

()
None

16. Who are counted in the labour force of a country?

a) The population of 18 to 60 years of age
b) The population of 15 to 65 years of age
c) The population of 18 to 65 years of age
d) Population of 21 to 62 years of age

(a)

(b)

(c)

(d)
None

17. What is a statistical study of human population called?

a) Human Geography
b) Demography
c) Pedology
d) Biogeography

(a)

(b)

(c)

(d)
None

18. Who among the following gave the Theory of demographic Transition?

a) Charles Darwin
b) Jeans Jacques
c) FW Notestein
d) Alexander Humboldt

(a)

(b)

(c)

(d)
None

19. Who among the following issues metallic coins in India?

a) RBI
b) Government of India
c) Bank and Financial Institutions
d) All of the above

(a)

(b)

(c)

(d)
None

20. Which of the following is issued by RBI?
a) Currency Notes
b) Coins
c) Both
d) None of the above

(a)

(b)

(c)
None

Time’s up

September 23, 2024
Economics 4

Welcome to your Economics 4

1 .Who had prepared the Gandhian plan for economic development in 1944?

(a)Mahatma Gandhi

(b) Sriman Narayan

(c) M.N Roy

(d) J.P. Narayan

(a)

(b)

(c)

(d)
None

2. Sarvodaya plan was proposed by?

(a)J.L. Nehru

(b) M.N. Roy

(c) J.P. Narayan

(d) J.R.D. Tata

(a)

(b)

(c)

(d)
None

3. Which of the following was not objective of planning in India?\

(a)Economic Growth

(b) Poverty

(c) Alleviation Self reliance

(d) Avoiding modernisation

(a)

(b)

(c)

(d)
None

4. Planning commission was

(a) constitutional body

(b) Non advisory body

(c) Non autonomous

(d) Extra constitutional body

(a)

(b)

(c)

(d)
None

5. Which state has the maximum number of people living below the poverty line?
(a) Bihar
(b) Uttar Pradesh
(c) Madhya Pradesh
(d) Maharashtra

(a)

(b)

(c)

(d)
None

6 .Inclusive growth remained as an objective of which of the five year plan?

(a)Tenth plan

(b) Eleventh Five Year plan

(c) Fifth plan

(d) Sixth plan

(a)

(b)

(c)

(d)
None

7. The concept of Economic Planning in India is derived from which country?

(a)UK

(b)USA

(c)Russia

(d)France

(a)

(b)

(c)

(d)
None

8, NITI Aayog current CEO

(a)Shri Parameswaran Iyer

(b)Rajiv Kumar

(c)Rajiv Singh

(d)Shri Suman Bery

(a)

(b)

(c)

(d)
None

9. NITI Aayoy current Vice Chairman

(a)Shri Suman Bery
(b)Rajiv Kumar
(c)Suman Bery
(d)Arvind Panagariya

(a)

(b)

(c)

(d)
None

10. Finance Commissions of India was established under Article —— of Indian Constitution

(a)280

(b)278

(c)270

(d)208

(a)

(b)

(c)

(d)
None

11. 15th Finance Commissions Chairman

(a)KN Singh
(b)NK Singh
(c)KC Neogi
(d)KN Neogi

(a)

(b)

(c)

(d)
None

12. Which of the following is/are the major objective of planning in India? (AE16)

1. Controlling economic inequality

2. Self-reliance

3. Credit control

4. Poverty alleviation

Select the correct answer using the codes given below:

(a) 2 only

(b) 2, 3 and 4 only

(c) 1, 2 and 4 only

(d) 2 and 3 only

(a)

(b)

(c)

(d)
None

13. Which of the following Five Year Plan (FYP) gave emphasis to agriculture sector?

1. 1st FYP
2. 2nd FYP
3. 3rd FYP
4. 4th FYP
Select the correct answer using the codes given below:
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1, 3 and 4 only
(d) 1, 2, 3 and 4

(a)

(b)

(c)

(d)
None

14. The primary function of the Finance Commission in India is to

(a) Distribute revenue between the Centre and the States

(b) Prepare the Annual Budget

(c) Advise the Presidents on financial matters

(d) Allocate funds to various ministries of the Union and the State Governments

(a)

(b)

(c)

(d)
None

15 .Average annual growth rate of India’s Agriculture and allied sector during the Eleventh Five Year Plan is: (AG 2014)

(a) 4.4%

(b) 6.1%

(c) 3.9%

(d) 3.6%

()

()
None

16 .Laissez Faire implies (Stenographer 2015)

(a) Mixed economy

(b) Controlled economy

(c) Socialist economy

(d) Non-interference of government in economic affairs

(a)

(b)

(c)

(d)
None

17. The main objectives of the 12th Five Year Plan are

(a) Inclusive growth for poverty removal

(b) Inclusive and sustainable growth

(c) Faster, sustainable and more inclusive growth

(d) Sustainable and inclusive growth to reduce poverty and unemployment

(a)

(b)

(c)

(d)
None

18. NITI Aayog was formed in

(a) 2014

(b) 2015

(c) 2016

(d) 2017

(a)

(b)

(c)

(d)
None

19. Which is the largest contributing sector to India’s economy?

(a)Service sector

(b)Agricultural sector

(c)Industrial sector

(d)Small scale industries

(a)

(b)

(c)

(d)
None

20. Who was the Chairman of the Twelfth Finance Commission?

(a) A.M. Khusro

(b) K.C. Pant

(c) Montek Singh

(d) C. Rangarajan

(a)

(b)

(c)

(c)
None

Time’s up

September 23, 2024
Polity 2

Welcome to your Polity 2

1. The Parliament of India consist of

(a) Prime Minister, Cabinet Minister and President

(b) President, Lok Sabha, Rajya Sabha

(c) President, Parliament, Legislative Assembly

(d) Prime Minister, Presdent and Governor

(a)

(b)

(c)

(d)
None

2. The youngest chief minister of India is

(a) Pema Khandu

(b) Conrad Sangam

(c) Pushkar Singh Dhami

(d) Hemant Soren

(a)

(b)

(c)

(d)
None

3. Who was the first MP of Rajya Sabha from Mizoram

(a) Dr. C Silvera

(b) Sang Liana

(c) Lalbuaia

(d) Lalduhoma

(a)

(b)

(c)

(d)
None

4. Annual Financial statement in the Constitution in mentioned under Article

(a) 132

(b) 122

(c) 121

(d) 112

(a)

(b)

(c)

(d)
None

5. Who preside over the joint sitting of Parliament

(a) Prime Minister

(b) President

(c) Speaker of Lok Sabha

(d) Ex-officio Chairman of Rajya Sabha

(a)

(b)

(c)

(d)
None

6. The shortest session of Parliament is

(a) Budget session
(b) Monsoon session
(c) Special session
(d) Winter session

(a)

(b)

(c)

(d)
None

7. The minimum number of members required to conduct business in the Legislative Assembly is called

(a) Whip

(b) Guillotine

(c) Quorum

(d) Gerry mendaring

(a)

(b)

(c)

(d)
None

8. Mizoram High Court building was inaugurated by the Chief Justice of the Supreme Court in

(a) 26th May 2023

(b) 2nd Sept 2023

(c) 4th Nov 2023

(d) 25 Dec 2025

(a)

(b)

(c)

(d)
None

9. The first Lok Adalat in India was held in 1982 at

(a) Gujarat

(b) Chennai

(c) Bombay

(d) Delhi

(a)

(b)

(c)

(d)
None

10. Who is the present Chairman of Mizoram Lok Ayukta

(a) Lalsawta

(b) Lalmalsawma

(c) Lalnunmawia Chuaungo

(d) John Neihlaia

(a)

(b)

(c)

(d)
None

11. Who was the first Governor in the state of Mizoram

a) SP Mukherjee

b) Haribabu Kambhampati

c) Hiteswar Saikia

d) PS Sreedharan Pillai

(a)

(b)

(c)

(d)
None

12. Governors are appointed by the

a) President

b) Prime Minister

c) Chief Minister

d) Chief Justice of concern state High Court

(a)

(b)

(c)

(d)
None

13. According to the Constitution of India, the member of Legislative Assembly should be between

a) 40-100

b) 50-200

c) 60-500

d) 80-550

(a)

(b)

(c)

(d)
None

14. Which state in India has the least number of MLA

a) Sikkim

b) Goa

c) Mizoram

d) Tripura

(a)

(b)

(c)

(d)
None

15. How many states in India have bicameral legislature

(a) 5

(b) 6

(c) 7

(d) 8

()

()
None

16. Who is the Deputy Speaker of Mizoram Legislative Assembly

(a) Lalbiakzama

(b) Lalchamliana

(c) Lalrinliana Sailo

(d) Lalfamkima

(a)

(b)

(c)

(d)
None

17. The institution of Panchayati Raj have been added to the Constitution by

(a) 72nd amendment

(b) 73rd amendment

(c) 74th amendment

(d) 75th amendmen

(a)

(b)

(c)

(d)
None

8. Which states are exempt from Panchayati Raj in India

(a) Mizoram, Nagaland, Sikkim

(b) Goa, Tripura, Meghalaya

(c) Mizoram, Nagaland, Meghalaya

(d) Meghalaya, Mizoram, Manipur

(a)

(b)

(c)

(d)
None

19. The white in the India national flay signify

(a) Courage and sacrifice

(b) Faith and Chivalry

(c) Truth and Peace

(d) Truth and non-violence

(a)

(b)

(c)

(d)
None

20. How many recognized National Parties are there in India

(a) 8

(b) 6

(c) 7

(d) 11

(a)

(b)

(c)
None

Time’s up

September 23, 2024
MPSC TEST SERIES 06

MPSC TEST SERIES 06

Name

Email

1. Which of Mizoram’s Minister of State visited NITI Aayog at Delhi to discuss about the National Games 2032?

(a) F. Rodingliana

(b) Lalnghinglova Hmar

(c) Lalchhanzova

(d)Prof. Lalnilawma
Deselect Answer

(a)

(b)

(c)

(d)
None

2. When was the National Sports Day Celebrated in Mizoram?

(a) August 19

(b) August 30

(c) August 9

(d) August 29
Deselect Answer

(a)

(b)

(c)

(d)
None

3. What is the name given by the Horticulture department of Mizoram to reduce the scarcity of ginger that took place in August 16, 2024?

a)‘Operation Ginger 2024 – Fehchhuah Runpui’

b)’Operation Ginger 2024 – Intodelh’

c)‘Operation Ginger 2024 – Thawhrimna’

d)Operation Ginger 2024 – Mahni Kuta Din’
Deselect Answer

(a)

(b)

(c)

(d)
None

4. The Mizoram government will set aside money for provisional employees to withdraw from their salaries/remuneration when they leave, what is the name of this shceme

a) Mizoram Pension Scheme, 2024

b) Mizoram Remuneration and Savings Scheme, 2024

c) Mizoram Provisional Employees Savings Scheme, 2024

d) Mizoram Saving of Salaries Scheme, 2024
Deselect Answer

(a)

(b)

(c)

(d)
None

5. What is the name of the bill for the establishment of the Village Council in Mizoram?

a)The Mizoram (Village Councils) Bill, 2024

b)The Mizoram (Village Act) Bill, 2024

c)The Mizoram VC Establishment Bill, 2024

d)The Mizoram Village Council Enactment, 2024
Deselect Answer

(a)

(b)

(c)

(d)
None

6. Who received the 2024 Bhasha Samman: Sahitya Akademi (National Academy of Letters), an award for those who have contributed to the development of their own language.

a) Lalhruaitluanga Chawngthu and Mafaa Hauhnar

b) B Lalthangliana and James Dokhuma

c) R Lalrawna and Rozama Chawngthu

d) Lalhriata and JF Laldailova
Deselect Answer

(a)

(b)

(c)

(d)
None

7. What is the software that the Mizoram Public Health Engineering Minister launched for the maintenace of water supply pipe?

a) Water Prevention Report Software

b) Water Leakage Prevention Software

c) Water Reoprting Software System

d) Water Leakage Reporting Software System
Deselect Answer

(a)

(b)

(c)

(d)
None

8. World Suicide Prevention Day was September 10, what is the theme for 2024?

a) Working Together to Prevent Suicide

b) Creating Hope Through Action

c) Changing the Narrative on Suicide

d) Be Patient
Deselect Answer

(a)

(b)

(c)

(d)
None

9. When was the International Literacy Day Celebrated?

a)September 9

b)September 18

c)September 10

d)September 3
Deselect Answer

(a)

(b)

(c)

(d)
None

10. Who is the newly appointed Mizoram State Election Commissioner (SE(C)?

a) Dr Renu Sharma

b) Dr H Lalthangliana

c) Dr F Lalnisai

d) Dr Elizabeth Lalfakawmi
Deselect Answer

(a)

(b)

(c)

(d)
None

11. Recently, who received the National Florence Nightingale Award 2024 from Mizoram?

a) H Muankimi
b) H Muanzovi
c) H Neihzovi
d) H MankimiDeselect Answer

(a)

(b)

(c)

(d)
None

12. Who has become the new Chief Minister of Delhi?

a) Sunita Kejriwal
b) Flute Swaraj
c) Atishi Marlena
d) Smriti IraniDeselect Answer

(a)

(b)

(c)

(d)
None

13. According to latest Global Hunger Index , India stands at which position?

(a) 100

(b) 121

(c) 101

(d) 111
Deselect Answer

(a)

(b)

(c)

(d)
None

14. DBT in full form is:

(a) Direct Beneficial Transfer

(b) Direct Booking Transfer

(c) Direct Benefit Transfer

(d) Direct Book Transfer
Deselect Answer

(a)

(b)

(c)

(d)
None

15. Free market is

(a) a condition in the international market where nations do not impose customs duty or other taxes on import of goods

(b) market where the price of a commodity is determined by free play of the forces of supply and demand

(c) ports that are exempted from payment of customs duty on articles of commerce, primarily to encourage tourism

(d) None of these
Deselect Answer

(a)

(b)

(c)

(d)
None

16. G-15 is an economic grouping of

(a) First World Nations

(b) Second World Nations

(c) Third World Nations

(d) Fourth World Nations
Deselect Answer

(a)

(b)

(c)

(d)
None

17. What is the national currency of South Korea?

(a) Yen

(b) Yuan

(c) Won

(d) Dong
Deselect Answer

(a)

(b)

(c)

(d)
None

18. What is the full form of PPP?

(a) Product Purchase Provides
(b) Public Private Partnership

(c) Purchasing Power Point

(d) People’s Programme & Priority
Deselect Answer

(a)

(b)

(c)

(d)
None

19. In India, which one among the following formulates the fiscal policy?

(a) Planning Commission

(b) Ministry of Finance

(c) Finance Commission

(d) The Reserve Bank of India
Deselect Answer

(a)

(b)

(c)

(d)
None

20. Name the Scheme,funded by the World Bank and the Government of India,in order to strengthen the unorganised food processing sector concentrated in rural areas?

(a) Gram Samridhi Yojana

(b) Pradhan Mantri Kaushal Vikas Yojna

(c) Pradhan Mantri Suraksha Bima Yojana

(d) Pradhan Mantri Jeevan Jyoti Bima Yojana
Deselect Answer

(a)

(b)

(c)

(d)
None

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September 20, 2024

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