Time Left : 00:00

Question Numbers



  • CURRENT QUESTION
  • NOT VISITED
  • ATTEMPTED
  • NOT ATTEMPTED
Back To Main Page
1. The branch of economics concerned with the use of statistical methods to obtain empirical result for economic relations is known as:

A

Microeconomics

B

Macroeconomics

C

Econometerics

D

Keynesian Economics

2. The branch of Economics concerned with the behavior of markets, firms and Households is known as:

A

Microeconomics

B

Macroeconomics

C

Econometerics

D

Bayesian Economics

3. An Economy is producing efficiently when not individuals economic welfare can be improved unless:

A

Supply is increased

B

Demand is increased

C

Some one else is Improved

D

Someone else is made worseoff

4. Taxes are used to discourage............of a commodity:

A

Consumption

B

Production

C

Saving

D

Inflation

5. Subsidies are used to encourage................of a commodity:

A

Consumption

B

Production

C

Saving

D

Inflation

6. Which of the following economic resources can not be converted into commodity:

A

Land

B

Labour

C

Capital

D

All of these can be converted into Commodity.

7. The decimal system of Indian currency was started in

A

1950

B

1955

C

1957

D

1960

8. Antyodaya Programme is associated with :

A

liberation of bonded labour

B

bringing up cultural revolution in India

C

demands of textile labourers

D

upliftment of the poorest of the poor

9. The Indian economy can be most appropriately described as a :

A

Capitalist economy

B

Socialist economy

C

Traditional economy

D

Mixed economy

10. What is NABARD`s primary role?

A

to provide term loans to state co-operative banks

B

to assist state governments for share capital contribution

C

to act as re-finance institution

D

All of the above

11. Which authority recommends the principles governing the grants in-aid of the revenues of the states out of the Consolidated Fund of India?

A

Public Accounts Committee

B

Union Ministry of Finance

C

Finance Commission

D

Inter-State Council

12. The symbol of Reserve Bank of India is

A

Capitol of Asokan Pillar

B

Kuber with a purse of money

C

Tiger before a Palm tree

D

A dog sitting in a defensive state

13. What is the animal on the insignia of the RBI ?

A

Lion

B

Tiger

C

Panther

D

Elephant

14. The main source of revenue for a State Government in India is

A

Sales tax

B

Excise duty

C

Income tax

D

Property tax

15. To achieve high rates of growth of national output, the economy has to

A

reduce the rate of growth of population

B

borrow foreign capital

C

step up the rate of savings

D

increase the rate of investment and reduce the capital output ratio

16. The proceeds of income tax go to

A

Central Government

B

State Government

C

Centre and States

D

Corporation authorities

17. National income refers to

A

money value of goods and services produced in a country during a year.

B

money value of stocks and shares of a country during a year.

C

money value of capital goods produced by a country during a year.

D

money value of consumer goods produced by a country during a year.

18. A Scheduled Bank is one which is included in the

A

II Schedule of Banking Regulation Act

B

II Schedule of Constitution

C

II Schedule of Reserve Bank of India Act

D

None of the above

19. Luxury goods have______ degree of elasticity:

A

High

B

Low

C

Moderate

D

Completely inelastic

20. Which of the following is not a method of measurement of price elasticity of demand in economics:

A

Expenditure method

B

Double method

C

Point method

D

Arc method