Free MCQs with Answers | Military Brat Defence Academy

QID #24348 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Reserve Bank of India best explained?

Correct Answer: B. 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: How is Reserve Bank of India best explained?

A. tracks retail price changes faced by consumers

B. is India's central bank and monetary authority

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

D. is a sustained rise in the general price level

Correct Answer: B. 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 #24347 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is NITI Aayog best explained?

Correct Answer: A. 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: How is NITI Aayog best explained?

A. is the Union government's policy think tank

B. measures final goods and services produced within a country

C. seeks growth with reduced environmental risks and ecological scarcity

D. is India's central bank and monetary authority

Correct Answer: A. 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 #24346 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Green economy best explained?

Correct Answer: D. 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: How is Green economy best explained?

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

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

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

D. seeks growth with reduced environmental risks and ecological scarcity

Correct Answer: D. 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 #24345 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Poverty line best explained?

Correct Answer: C. 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: How is Poverty line best explained?

A. means sale of government ownership in a public enterprise

B. is an announced floor price for selected agricultural crops

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

D. seeks affordable access to useful formal financial services

Correct Answer: C. 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 #24344 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Unemployment rate best explained?

Correct Answer: B. 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: How is Unemployment rate best explained?

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

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

C. is a destination-based indirect tax on supply

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

Correct Answer: B. 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 #24343 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Human capital best explained?

Correct Answer: A. 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: How is Human capital best explained?

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

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

C. is total government expenditure minus non-borrowed receipts

D. is the excess of revenue expenditure over revenue receipts

Correct Answer: A. 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 #24342 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Financial inclusion best explained?

Correct Answer: D. 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: How is Financial inclusion best explained?

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

B. tracks retail price changes faced by consumers

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

D. seeks affordable access to useful formal financial services

Correct Answer: D. 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 #24341 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Minimum support price best explained?

Correct Answer: C. 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: How is Minimum support price best explained?

A. is India's central bank and monetary authority

B. measures final goods and services produced within a country

C. is an announced floor price for selected agricultural crops

D. is a sustained rise in the general price level

Correct Answer: C. 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 #24340 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Disinvestment best explained?

Correct Answer: B. 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: How is Disinvestment best explained?

A. seeks growth with reduced environmental risks and ecological scarcity

B. means sale of government ownership in a public enterprise

C. is the Union government's policy think tank

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

Correct Answer: B. 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 #24339 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Goods and Services Tax best explained?

Correct Answer: A. 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: How is Goods and Services Tax best explained?

A. is a destination-based indirect tax on supply

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

C. seeks affordable access to useful formal financial services

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

Correct Answer: A. 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 #24338 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Direct tax best explained?

Correct Answer: D. 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: How is Direct tax best explained?

A. is an announced floor price for selected agricultural crops

B. is a destination-based indirect tax on supply

C. means sale of government ownership in a public enterprise

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

Correct Answer: D. 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 #24337 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Balance of payments best explained?

Correct Answer: C. 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: How is Balance of payments best explained?

A. is the excess of revenue expenditure over revenue receipts

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 imposed directly on income or wealth of the liable person

Correct Answer: C. 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 #24336 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Current account best explained?

Correct Answer: B. 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: How is Current account best explained?

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

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

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: B. 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 #24335 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Revenue deficit best explained?

Correct Answer: A. 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: How is Revenue deficit best explained?

A. is the excess of revenue expenditure over revenue receipts

B. tracks retail price changes faced by consumers

C. measures final goods and services produced within a country

D. is a sustained rise in the general price level

Correct Answer: A. 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 #24334 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Fiscal deficit best explained?

Correct Answer: D. 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: How is Fiscal deficit best explained?

A. is India's central bank and monetary authority

B. seeks growth with reduced environmental risks and ecological scarcity

C. is the Union government's policy think tank

D. is total government expenditure minus non-borrowed receipts

Correct Answer: D. 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 #24333 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Reverse repo best explained?

Correct Answer: C. 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: How is Reverse repo best explained?

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

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

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

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

Correct Answer: C. 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 #24332 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Repo rate best explained?

Correct Answer: B. 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: How is Repo rate best explained?

A. is an announced floor price for selected agricultural crops

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

C. seeks affordable access to useful formal financial services

D. means sale of government ownership in a public enterprise

Correct Answer: B. 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 #24331 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Consumer Price Index best explained?

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

Question: How is Consumer Price Index best explained?

A. tracks retail price changes faced by consumers

B. is a destination-based indirect tax on supply

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

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

Correct Answer: A. 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 #24330 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Inflation best explained?

Correct Answer: D. 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: How is Inflation best explained?

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

B. is total government expenditure minus non-borrowed receipts

C. is the excess of revenue expenditure over revenue receipts

D. is a sustained rise in the general price level

Correct Answer: D. 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 #24329 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

How is Gross Domestic Product best explained?

Correct Answer: C. 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: How is Gross Domestic Product best explained?

A. tracks retail price changes faced by consumers

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

C. measures final goods and services produced within a country

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

Correct Answer: C. 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

How is Reserve Bank of India best explained?

How is NITI Aayog best explained?

How is Green economy best explained?

How is Poverty line best explained?

How is Unemployment rate best explained?

How is Human capital best explained?

How is Financial inclusion best explained?

How is Minimum support price best explained?

How is Disinvestment best explained?

How is Goods and Services Tax best explained?

How is Direct tax best explained?

How is Balance of payments best explained?

How is Current account best explained?

How is Revenue deficit best explained?

How is Fiscal deficit best explained?

How is Reverse repo best explained?

How is Repo rate best explained?

How is Consumer Price Index best explained?

How is Inflation best explained?

How is Gross Domestic Product best explained?

Free MCQs with Answers and Explanations