Free MCQs with Answers | Military Brat Defence Academy

QID #24368 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Reserve Bank of India.

Correct Answer: D. is India's central bank and monetary authority
Reserve Bank of India is India's central bank and monetary authority. The other choices describe different concepts.

Question: Choose the option that accurately represents Reserve Bank of India.

A. is the excess of revenue expenditure over revenue receipts

B. records trade in goods, services, income and current transfers

C. is total government expenditure minus non-borrowed receipts

D. is India's central bank and monetary authority

Correct Answer: D. is India's central bank and monetary authorityExplanation: Reserve Bank of India is India's central bank and monetary authority. The other choices describe different concepts.

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QID #24367 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents NITI Aayog.

Correct Answer: C. is the Union government's policy think tank
NITI Aayog is the Union government's policy think tank. The other choices describe different concepts.

Question: Choose the option that accurately represents NITI Aayog.

A. is used to absorb liquidity from banks under the traditional framework

B. tracks retail price changes faced by consumers

C. is the Union government's policy think tank

D. is the rate at which the RBI lends short-term funds against eligible securities

Correct Answer: C. is the Union government's policy think tankExplanation: NITI Aayog is the Union government's policy think tank. The other choices describe different concepts.

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QID #24366 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Green economy.

Correct Answer: B. seeks growth with reduced environmental risks and ecological scarcity
Green economy seeks growth with reduced environmental risks and ecological scarcity. The other choices describe different concepts.

Question: Choose the option that accurately represents Green economy.

A. is India's central bank and monetary authority

B. seeks growth with reduced environmental risks and ecological scarcity

C. measures final goods and services produced within a country

D. is a sustained rise in the general price level

Correct Answer: B. seeks growth with reduced environmental risks and ecological scarcityExplanation: Green economy seeks growth with reduced environmental risks and ecological scarcity. The other choices describe different concepts.

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QID #24365 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Poverty line.

Correct Answer: A. is a threshold used to identify minimum consumption or income needs
Poverty line is a threshold used to identify minimum consumption or income needs. The other choices describe different concepts.

Question: Choose the option that accurately represents Poverty line.

A. is a threshold used to identify minimum consumption or income needs

B. seeks growth with reduced environmental risks and ecological scarcity

C. is the Union government's policy think tank

D. is unemployed persons as a proportion of the labour force

Correct Answer: A. is a threshold used to identify minimum consumption or income needsExplanation: Poverty line is a threshold used to identify minimum consumption or income needs. The other choices describe different concepts.

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QID #24364 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Unemployment rate.

Correct Answer: D. is unemployed persons as a proportion of the labour force
Unemployment rate is unemployed persons as a proportion of the labour force. The other choices describe different concepts.

Question: Choose the option that accurately represents Unemployment rate.

A. seeks affordable access to useful formal financial services

B. refers to productive knowledge, skills and health embodied in people

C. is an announced floor price for selected agricultural crops

D. is unemployed persons as a proportion of the labour force

Correct Answer: D. is unemployed persons as a proportion of the labour forceExplanation: Unemployment rate is unemployed persons as a proportion of the labour force. The other choices describe different concepts.

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QID #24363 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Human capital.

Correct Answer: C. refers to productive knowledge, skills and health embodied in people
Human capital refers to productive knowledge, skills and health embodied in people. The other choices describe different concepts.

Question: Choose the option that accurately represents Human capital.

A. means sale of government ownership in a public enterprise

B. is imposed directly on income or wealth of the liable person

C. refers to productive knowledge, skills and health embodied in people

D. is a destination-based indirect tax on supply

Correct Answer: C. refers to productive knowledge, skills and health embodied in peopleExplanation: Human capital refers to productive knowledge, skills and health embodied in people. The other choices describe different concepts.

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QID #24362 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Financial inclusion.

Correct Answer: B. seeks affordable access to useful formal financial services
Financial inclusion seeks affordable access to useful formal financial services. The other choices describe different concepts.

Question: Choose the option that accurately represents Financial inclusion.

A. is the excess of revenue expenditure over revenue receipts

B. seeks affordable access to useful formal financial services

C. records trade in goods, services, income and current transfers

D. systematically records a country's transactions with the rest of the world

Correct Answer: B. seeks affordable access to useful formal financial servicesExplanation: Financial inclusion seeks affordable access to useful formal financial services. The other choices describe different concepts.

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QID #24361 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Minimum support price.

Correct Answer: A. is an announced floor price for selected agricultural crops
Minimum support price is an announced floor price for selected agricultural crops. The other choices describe different concepts.

Question: Choose the option that accurately represents Minimum support price.

A. is an announced floor price for selected agricultural crops

B. is used to absorb liquidity from banks under the traditional framework

C. is total government expenditure minus non-borrowed receipts

D. is the rate at which the RBI lends short-term funds against eligible securities

Correct Answer: A. is an announced floor price for selected agricultural cropsExplanation: Minimum support price is an announced floor price for selected agricultural crops. The other choices describe different concepts.

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QID #24360 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Disinvestment.

Correct Answer: D. means sale of government ownership in a public enterprise
Disinvestment means sale of government ownership in a public enterprise. The other choices describe different concepts.

Question: Choose the option that accurately represents Disinvestment.

A. is a sustained rise in the general price level

B. tracks retail price changes faced by consumers

C. measures final goods and services produced within a country

D. means sale of government ownership in a public enterprise

Correct Answer: D. means sale of government ownership in a public enterpriseExplanation: Disinvestment means sale of government ownership in a public enterprise. The other choices describe different concepts.

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QID #24359 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Goods and Services Tax.

Correct Answer: C. is a destination-based indirect tax on supply
Goods and Services Tax is a destination-based indirect tax on supply. The other choices describe different concepts.

Question: Choose the option that accurately represents Goods and Services Tax.

A. is India's central bank and monetary authority

B. seeks growth with reduced environmental risks and ecological scarcity

C. is a destination-based indirect tax on supply

D. is the Union government's policy think tank

Correct Answer: C. is a destination-based indirect tax on supplyExplanation: Goods and Services Tax is a destination-based indirect tax on supply. The other choices describe different concepts.

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QID #24358 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Direct tax.

Correct Answer: B. is imposed directly on income or wealth of the liable person
Direct tax is imposed directly on income or wealth of the liable person. The other choices describe different concepts.

Question: Choose the option that accurately represents Direct tax.

A. refers to productive knowledge, skills and health embodied in people

B. is imposed directly on income or wealth of the liable person

C. is unemployed persons as a proportion of the labour force

D. is a threshold used to identify minimum consumption or income needs

Correct Answer: B. is imposed directly on income or wealth of the liable personExplanation: Direct tax is imposed directly on income or wealth of the liable person. The other choices describe different concepts.

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QID #24357 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Balance of payments.

Correct Answer: A. systematically records a country's transactions with the rest of the world
Balance of payments systematically records a country's transactions with the rest of the world. The other choices describe different concepts.

Question: Choose the option that accurately represents Balance of payments.

A. systematically records a country's transactions with the rest of the world

B. is an announced floor price for selected agricultural crops

C. seeks affordable access to useful formal financial services

D. means sale of government ownership in a public enterprise

Correct Answer: A. systematically records a country's transactions with the rest of the worldExplanation: Balance of payments systematically records a country's transactions with the rest of the world. The other choices describe different concepts.

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QID #24356 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Current account.

Correct Answer: D. records trade in goods, services, income and current transfers
Current account records trade in goods, services, income and current transfers. The other choices describe different concepts.

Question: Choose the option that accurately represents Current account.

A. is imposed directly on income or wealth of the liable person

B. is a destination-based indirect tax on supply

C. systematically records a country's transactions with the rest of the world

D. records trade in goods, services, income and current transfers

Correct Answer: D. records trade in goods, services, income and current transfersExplanation: Current account records trade in goods, services, income and current transfers. The other choices describe different concepts.

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QID #24355 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Revenue deficit.

Correct Answer: C. is the excess of revenue expenditure over revenue receipts
Revenue deficit is the excess of revenue expenditure over revenue receipts. The other choices describe different concepts.

Question: Choose the option that accurately represents Revenue deficit.

A. records trade in goods, services, income and current transfers

B. is used to absorb liquidity from banks under the traditional framework

C. is the excess of revenue expenditure over revenue receipts

D. is total government expenditure minus non-borrowed receipts

Correct Answer: C. is the excess of revenue expenditure over revenue receiptsExplanation: Revenue deficit is the excess of revenue expenditure over revenue receipts. The other choices describe different concepts.

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QID #24354 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Fiscal deficit.

Correct Answer: B. is total government expenditure minus non-borrowed receipts
Fiscal deficit is total government expenditure minus non-borrowed receipts. The other choices describe different concepts.

Question: Choose the option that accurately represents Fiscal deficit.

A. is a sustained rise in the general price level

B. is total government expenditure minus non-borrowed receipts

C. tracks retail price changes faced by consumers

D. is the rate at which the RBI lends short-term funds against eligible securities

Correct Answer: B. is total government expenditure minus non-borrowed receiptsExplanation: Fiscal deficit is total government expenditure minus non-borrowed receipts. The other choices describe different concepts.

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QID #24353 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Reverse repo.

Correct Answer: A. is used to absorb liquidity from banks under the traditional framework
Reverse repo is used to absorb liquidity from banks under the traditional framework. The other choices describe different concepts.

Question: Choose the option that accurately represents Reverse repo.

A. is used to absorb liquidity from banks under the traditional framework

B. is India's central bank and monetary authority

C. measures final goods and services produced within a country

D. is the Union government's policy think tank

Correct Answer: A. is used to absorb liquidity from banks under the traditional frameworkExplanation: Reverse repo is used to absorb liquidity from banks under the traditional framework. The other choices describe different concepts.

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QID #24352 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Repo rate.

Correct Answer: D. is the rate at which the RBI lends short-term funds against eligible securities
Repo rate is the rate at which the RBI lends short-term funds against eligible securities. The other choices describe different concepts.

Question: Choose the option that accurately represents Repo rate.

A. is a threshold used to identify minimum consumption or income needs

B. seeks growth with reduced environmental risks and ecological scarcity

C. is unemployed persons as a proportion of the labour force

D. is the rate at which the RBI lends short-term funds against eligible securities

Correct Answer: D. is the rate at which the RBI lends short-term funds against eligible securitiesExplanation: Repo rate is the rate at which the RBI lends short-term funds against eligible securities. The other choices describe different concepts.

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QID #24351 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Consumer Price Index.

Correct Answer: C. tracks retail price changes faced by consumers
Consumer Price Index tracks retail price changes faced by consumers. The other choices describe different concepts.

Question: Choose the option that accurately represents Consumer Price Index.

A. refers to productive knowledge, skills and health embodied in people

B. is an announced floor price for selected agricultural crops

C. tracks retail price changes faced by consumers

D. seeks affordable access to useful formal financial services

Correct Answer: C. tracks retail price changes faced by consumersExplanation: Consumer Price Index tracks retail price changes faced by consumers. The other choices describe different concepts.

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QID #24350 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Inflation.

Correct Answer: B. is a sustained rise in the general price level
Inflation is a sustained rise in the general price level. The other choices describe different concepts.

Question: Choose the option that accurately represents Inflation.

A. is imposed directly on income or wealth of the liable person

B. is a sustained rise in the general price level

C. is a destination-based indirect tax on supply

D. means sale of government ownership in a public enterprise

Correct Answer: B. is a sustained rise in the general price levelExplanation: Inflation is a sustained rise in the general price level. The other choices describe different concepts.

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QID #24349 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Hard

Choose the option that accurately represents Gross Domestic Product.

Correct Answer: A. measures final goods and services produced within a country
Gross Domestic Product measures final goods and services produced within a country. The other choices describe different concepts.

Question: Choose the option that accurately represents Gross Domestic Product.

A. measures final goods and services produced within a country

B. records trade in goods, services, income and current transfers

C. systematically records a country's transactions with the rest of the world

D. is the excess of revenue expenditure over revenue receipts

Correct Answer: A. measures final goods and services produced within a countryExplanation: Gross Domestic Product measures final goods and services produced within a country. The other choices describe different concepts.

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Free MCQs with Answers | Military Brat Defence Academy

Choose the option that accurately represents Reserve Bank of India.

Choose the option that accurately represents NITI Aayog.

Choose the option that accurately represents Green economy.

Choose the option that accurately represents Poverty line.

Choose the option that accurately represents Unemployment rate.

Choose the option that accurately represents Human capital.

Choose the option that accurately represents Financial inclusion.

Choose the option that accurately represents Minimum support price.

Choose the option that accurately represents Disinvestment.

Choose the option that accurately represents Goods and Services Tax.

Choose the option that accurately represents Direct tax.

Choose the option that accurately represents Balance of payments.

Choose the option that accurately represents Current account.

Choose the option that accurately represents Revenue deficit.

Choose the option that accurately represents Fiscal deficit.

Choose the option that accurately represents Reverse repo.

Choose the option that accurately represents Repo rate.

Choose the option that accurately represents Consumer Price Index.

Choose the option that accurately represents Inflation.

Choose the option that accurately represents Gross Domestic Product.

Free MCQs with Answers and Explanations