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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.

101.

Which one is a natural resource ?

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Labour
Raw materials
Mineral
None of the above

Answer :C
102.

Increase in longevity of life is an indicator of

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good quality of life
improvement in HEALTH sector
BETTER HDI (Human Development INDEX)
All of these

ANSWER :a
103.

In 1985 the United Nations adopted the UN Guidelines for

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CONSUMER Protection
Consumer Parts
Consumer Battle
Consumer Signatur

Answer :a
104.

Money in hand is an exampleof

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HUMA capital
FIXED capital
WORKING capital
Physical capital

Answer :C
105.

Economic activities have two parts—market activities and

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Same activities
POST activities
Profit activities
NON- MARKET activities

Answer :d
106.

Which method is used by the World Bank to classify the countries?

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HUMAN DEVELOPMENT
PER CAPITA Income
National Income
Economic Development

Answer :B
107.

High Yielding Variety (HYV) seeds are developed in

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RESEARCH institutes
factories
Krishak BHARATI Cooperatives
None of the above

Answer :A
108.

Which of the following does not fall under Consumer Rights?

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RIGHT to be informed
Right to choose
Right to seek GOVERNMENT help
Right to REPRESENT the CONSUMER’s court

Answer :c
109.

The sectors are classified into public and private sector on the basis of

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employment conditions
the nature of ECONOMIC activity
ownership of enterprises
number of WORKERS EMPLOYED in the enterprise

Answer :C
110.

Ration shops also known as________keep stocks of foodgrains, sugar, and kerosene oil for cooking.

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Few PRICE SHOPS
Fair Price Shops
Fast Price Shops
FIRST Price Shops

Answer :B
111.

Sheetal had booked a train ticket in one of the super-fast trains. The train was delayed for long hours without any reason. In this situation,

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she cannot APPROACH the consumer COURT as train delays can HAPPEN sometime
she can file a complaint in Railway Office and claim refund of the TICKET amount
she can approach the consumer court for deficiency in service and claim refund of super-fast charges as damage
she can cancel the ticket without paying cancellation charges to Railways

Answer :C
112.

Companies that set up production units in the special economic zones do not have to pay taxes for an initial period of

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10 years
12 years
5 years
5 years

Answer :C
113.

Bigha and Guintha are

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TYPE of soil
type of SEEDS
type of rabi crop
two local units of MEASURING land AREA in villages

Answer :D
114.

A.....................proportion of labourers in India are working in the unorganised sector,

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SMALL
MEDIUM
large
None of these

Answer :C
115.

Choose the non-market activities: (i) Vilas sells fish in the village market. (ii)Vilas cooks food for his family. (iii) Sakal works in a private firm. (iv)Sakal looks after his younger brother and sister.

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(i) and (II)
(III) and (IV)
(i) and (iii)
(ii) and (iv)

ANSWER :d
116.

What is the name of the organisation whose aim is to liberalise international trade?

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PTO
WTO
MTO
KTO

Answer :B
117.

The scheme for the establishment of residential schools to impart education to talented children from rural areas is

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KENDRIYA Vidyalayas
Navodaya Vidyalayas
SARVODAYA Vidyalayas
NONE of these

Answer :B
118.

The most affected groups in rural areas facing food insecurity are

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LANDLESS PEOPLE
TRADITIONAL artisans
beggars
All of these

Answer :D
119.

What is the full form of HDI?

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HUMAN DEVELOPMENT Income
Human Development Index
Human DAILY Income
None of these

Answer :B
120.

Name the term which refers to globalisation, which creates opportunities for all and ensures that is benefits are better shared

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FAIR globalisation
Fair nationalisation
Liberalisation
Best Share

Answer :A
121.

Match List I with List II and select the correct answer using the code given below:

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i-d, ii-C, iii-b, iv-a, v-f, vi-e
i-e, ii-d, iii-b, iv-f, v-a, vi-c
i-e, ii-c, iii-a, iv-b, v-f, vi-d
i-d, ii-c, iii-a, iv-b, v-f, vi-e

Answer :c
122.

Match List I with List II and select the correct answer using the code given below:

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i-b, ii-e, iii-d, iv-c, v-a
i-c, ii-d, iii-b, iv-a, v-
i-a, ii-e, iii-b, iv-c, v-d
i-a, ii-e, iii-d, iv-c, v-b

Answer :A
123.

Rajesh had applied for an electricity connection.However, he was not provided power supply.In this situation,

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he can APPROACH the CONSUMER court to seek redressa
he cannot approach the consumer court to seek redressal
he can file a civil SUIT in the court of LAW against the Electricity Board
Only (B) and (c)

Answer :d
124.

Who released a special stamp entitled 'Wheat Revolution' in July 1968?

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MAHATMA Gandhi
Indira Gandhi
Jawahar LAI Nehru
Moti Lai Nehru

Answer :B
125.

_______costs of borrowing increase the debt-burden.

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High
Low
Fix
Fit

Answer :A
126.

.................................costs of borrowing increase the debt-burden.

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High
Low
Medium
None of these

Answer :A
127.

Which is the most abundant factor of production?

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Machinery
Business
Labour
Landlord

Answer :C
128.

Who are the poorest of the poor?

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WOMEN
OLD PEOPLE
CHILDREN
All of these

ANSWER :D
129.

If a person cannot find jobs during some months of the year, which type of employment is this called?

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STRUCTURAL UNEMPLOYMENT
Cyclical unemployment
Seasonal unemployment
NONE of these

Answer :C
130.

White Revolution of the country is associated with

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SUGAR
MILK
paper
None of these

Answer :B
131.

Which one from the following are the primary sector activities? (i) Forestry (ii) Poultry farming (iii) Animal husbandry (iv) Manufacturing

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`(i) `
`(i) , (II) and (III)`
`(ii) , (iii) and (IV)`
All of these

ANSWER :B
132.

Which two states of India continue to be the poorest states?

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MADHYA Pradesh, Jammu & KASHMIR
UTTAR Pradesh, Uttarakhand
Orissa, Bihar
None of these

Answer :C
133.

________means food production within the country, food imports and the previous year's stock stored in government granaries.

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AVAILABILITY of food
Availability of BLOOD
Availability of FUN
Availability of almonds

Answer :A
134.

The most devastating famine occurred in India in 1943 in the state of

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ASSAM
BENGAL
Bihar
Orissa

Answer :B
135.

Which state in India has the highest literacy rate?

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MADHYA Pradesh
Punjab
Kerala
NONE of these

Answer :C
136.

Cooperative societies set up shops to sell low priced goods to

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RICH people
Educated people
Illiterate people
Poor people

Answer :D
137.

ISO stands fo

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INDIAN ORGANISATION for STANDARDISATION
International Organisation for Standa­rdisation
International Standardisation of Organis­ation
None of these

Answer :B
138.

The consumer movement in India has led to the formation of various organisations locally known as consumer forums o

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CONSUMER MOVEMENT cells
Consumer organisations
Consumer PROTECTION councils
Consumer parts

Answer :C
139.

Fixed capitial stands for

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money with the proprietor
tools,MACHINES, buildings etc. Which can be USED in PRODUCTION over many YEARS
money deposited in the bank
total share of capital

Answer :B
140.

Which is the main production activity in vilages across India?

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Transportation
Small SCALE Industries
Fishing
Farmering

Answer :D
141.

Non-market activities are production for

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First-consumption
Main-consumption
Self-consumption
Non-consumption

Answer :C
142.

Self-consumption is

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non-production ACTIVITY
non-market activity
non-economic activity
NONE of the above

Answer :B
143.

GDP is the total value of_______produced during a particular yea

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All FINAL boxes and sources
All GOOGLES and YAHOOS
All final goods and services
All FISHES and seals

Answer :C
144.

Manufacturing is included in the __________ sector.

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Non PROFIT
BIG
INITIAL
Secondary

Answer :d
145.

Removing barriers or restrictions set by the government is known as

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Globalisation
Nationalisation
Liberalisation
Open market

Answer :C
146.

In an economist’s view, which of the following perspectives of globalisation is most suitable?

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The DECLINE of sovereignty of the nation state
The EMERGENCE of GLOBAL INSTITUTIONS and global conflicts
The development of communication technologies
The growth of international trade and the increase in international trade flows

Answer :D
147.

Nutritional level of food energy is expressed in the form of

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calories PER day
WHEAT CONSUMPTION
RICE consumption per day
None of these

ANSWER :A
148.

Annapurna Scheme fulfils the food requirements of

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INDIGENT SENIOR citizens
children
pregnant LADIES
YOUNG persons

Answer :A
149.

Which of the following is an indicator of poverty in India?

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INCOME LEVEL
ILLITERACY level
EMPLOYMENT level
All of these

Answer :D
150.

The district level court deals with the cases involving claims upto ? 20 lakhs, the state level courts between ? 20 lakhs and ? 1 crore and the national level court deals with cases involving claims exceeding

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10 CRORE
1 crore
100 crore
50 crore

Answer :B