Economics MCQ Questions and Answers
Economics MCQ Questions with Answers are essential for candidates preparing for competitive exams like UPSC, SSC CGL, and RBI Grade B. These aptitude questions cover vital economic concepts including demand-supply, national income, fiscal policy, inflation, and international trade. Each question tests both theoretical understanding and practical application, ensuring candidates are ready for objective-type exams. Practicing aptitude questions with answers and explanations helps in revising economic fundamentals quickly. Whether you are a student, job aspirant, or exam enthusiast, this comprehensive economics MCQ set is perfect for self-assessment. Strengthen your general awareness and problem-solving ability by practicing free economics tests or downloading the solutions PDF.
Economics MCQ
41. Central Issue price of foodgrains under TPDS includes price for BPL and APL (below poverty line and above poverty line). What is the difference between the two ?
- Price for APL is double of BPL price
- Price for BPL is one-third of APL price
- Difference of Rs. 500 per Qt.
- Difference of Rs. 250 per Qt.
42. What growth target government has estimated for the domestic crude production for the 11th Plan (2007–12) ?
- 42%
- 33%
- 29%
- 26%
43. Rural women can avail the benefit of Mahila Samriddhi Yojana if they open their account in-
- Rural Post Offices
- Commercial Banks
- Rural Development Bank
- Any of the above
44. Agriculture sector registered 4·9% growth in 2007-08 and it is estimated for year 2008-09 at-
- Again 4·5%
- 4·3%
- 3·3%
- 1·6%
45. As per the third advanced estimates of Agricultural Production for the year 2008-09 released by the Ministry of Agriculture, total foodgrain’s production has been estimated at-
- 240·78 million tonne
- 230·78 million tonne
- 227·88 million tonne
- 229·85 million tonne
46. Mistry Committee in its final report recommends full capital account convertibility by-
- 2008 end
- 2009 end
- 2010 end
- 2011 end
47. Which committee recommended tax on Agriculture Holdings ?
- Bhootlingam Committee
- Wanchoo Committee
- Raj Committee
- None of these
49. The cause of deflation is-
- Lack of goods and services as compared to money supply
- Lack of imports as compared to exports
- Lack of money supply as compared to supply of goods and services
- None of these
50. Which of the following is a better measure of economic development ?
- Employment
- Size of exports
- Rural consumption
- National Income