Free MCQs with Answers | Military Brat Defence Academy

QID #24328 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Reserve Bank of India.

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: Select the accurate statement about Reserve Bank of India.

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

B. is India's central bank and monetary authority

C. seeks growth with reduced environmental risks and ecological scarcity

D. is the Union government's policy think tank

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 #24327 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about NITI Aayog.

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: Select the accurate statement about NITI Aayog.

A. is the Union government's policy think tank

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

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

D. seeks affordable access to useful formal financial services

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 #24326 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Green economy.

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: Select the accurate statement about Green economy.

A. means sale of government ownership in a public enterprise

B. is an announced floor price for selected agricultural crops

C. is a destination-based indirect tax on supply

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 #24325 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Poverty line.

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: Select the accurate statement about Poverty line.

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

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

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

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

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 #24324 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Unemployment rate.

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: Select the accurate statement about Unemployment rate.

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

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

C. is total government expenditure minus non-borrowed receipts

D. is the excess of revenue expenditure over revenue receipts

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 #24323 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Human capital.

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: Select the accurate statement about Human capital.

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

B. tracks retail price changes faced by consumers

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: 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 #24322 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Financial inclusion.

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: Select the accurate statement about Financial inclusion.

A. is India's central bank and monetary authority

B. measures final goods and services produced within a country

C. is the Union government's policy think tank

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 #24321 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Minimum support price.

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: Select the accurate statement about Minimum support price.

A. seeks growth with reduced environmental risks and ecological scarcity

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

C. is an announced floor price for selected agricultural crops

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

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 #24320 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Disinvestment.

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: Select the accurate statement about Disinvestment.

A. is an announced floor price for selected agricultural crops

B. means sale of government ownership in a public enterprise

C. seeks affordable access to useful formal financial services

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

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 #24319 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Goods and Services Tax.

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: Select the accurate statement about Goods and Services Tax.

A. is a destination-based indirect tax on supply

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

C. means sale of government ownership in a public enterprise

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

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 #24318 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Direct tax.

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: Select the accurate statement about Direct tax.

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 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 #24317 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Balance of payments.

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: Select the accurate statement about Balance of payments.

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

B. tracks retail price changes faced by consumers

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

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

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 #24316 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Current account.

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: Select the accurate statement about Current account.

A. is India's central bank and monetary authority

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

C. measures final goods and services produced within a country

D. is a sustained rise in the general price level

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 #24315 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Revenue deficit.

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: Select the accurate statement about Revenue deficit.

A. is the excess of revenue expenditure over revenue receipts

B. seeks growth with reduced environmental risks and ecological scarcity

C. is the Union government's policy think tank

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

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 #24314 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Fiscal deficit.

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: Select the accurate statement about Fiscal deficit.

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

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

C. seeks affordable access to useful formal financial services

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 #24313 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Reverse repo.

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: Select the accurate statement about Reverse repo.

A. is an announced floor price for selected agricultural crops

B. is a destination-based indirect tax on supply

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

D. means sale of government ownership in a public enterprise

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 #24312 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Repo rate.

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: Select the accurate statement about Repo rate.

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

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

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: 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 #24311 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Consumer Price Index.

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: Select the accurate statement about Consumer Price Index.

A. tracks retail price changes faced by consumers

B. is total government expenditure minus non-borrowed receipts

C. is the excess of revenue expenditure over revenue receipts

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

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 #24310 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Inflation.

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: Select the accurate statement about Inflation.

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 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 #24309 AIIMS UPPSC Health Education Officer (HEO) 2026 Mock Test Series Bilingual Indian Economy Medium

Select the accurate statement about Gross Domestic Product.

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: Select the accurate statement about Gross Domestic Product.

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 the Union government's policy think tank

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

Select the accurate statement about Reserve Bank of India.

Select the accurate statement about NITI Aayog.

Select the accurate statement about Green economy.

Select the accurate statement about Poverty line.

Select the accurate statement about Unemployment rate.

Select the accurate statement about Human capital.

Select the accurate statement about Financial inclusion.

Select the accurate statement about Minimum support price.

Select the accurate statement about Disinvestment.

Select the accurate statement about Goods and Services Tax.

Select the accurate statement about Direct tax.

Select the accurate statement about Balance of payments.

Select the accurate statement about Current account.

Select the accurate statement about Revenue deficit.

Select the accurate statement about Fiscal deficit.

Select the accurate statement about Reverse repo.

Select the accurate statement about Repo rate.

Select the accurate statement about Consumer Price Index.

Select the accurate statement about Inflation.

Select the accurate statement about Gross Domestic Product.

Free MCQs with Answers and Explanations