Economics & Indian Economy General knowledge quiz - Set 10

G.K. Practice Test: Question Set - 10


1. Resurgent India Bonds were issued in US dollar, Pound Sterling and
    (A) Japanese Yen
    (B) Deutsche Mark
    (C) Euro
    (D) French Franc

2. If the RBI adopts an expansionist open market operations policy, this means that it will
    (A) Buy securities from non-government holders
    (B) Sell securities in the open market
    (C) Offer commercial banks more credit in the open market
    (D) Openly announce to the market that it intends to expand credit

3. In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
    (A) Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level
    (B) Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level
    (C) Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level
    (D) Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level

4. One of the reasons for India's occupational structure remaining more or less the same over the years has been that
    (A) Investment pattern has been directed towards capital intensive industries
    (B) Productivity in agriculture has been high enough to induce people to stay with agriculture
    (C) Ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture
    (D) People are largely unaware of the significance of transition from agriculture to industry for economic development

5. In India, inflation measured by the
    (A) Wholesale Price Index number
    (B) Consumers Price Index for urban non-manual workers
    (C) Consumers Price Index for agricultural workers
    (D) National Income Deflation

6. The budget deficit means
    (A) The excess of total expenditure, including loans, net of lending over revenue receipts
    (B) Difference between revenue receipts and revenue expenditure
    (C) Difference between all receipts and all the expenditure
    (D) Fiscal deficit less interest payments

7. Which of the following is the most appropriate cause of exports surplus?
    (A) Country's exports promotion value
    (B) Country's stringent import policy
    (C) Developments in national and international markets
    (D) None of the above

8. ICICI is the name of a
    (A) Chemical industry
    (B) Bureau
    (C) Corporation
    (D) Financial institution

9. States earn maximum revenue through
    (A) Land revenue
    (B) Custom revenue
    (C) Commercial taxes
    (D) Excise duties on intoxicants

10. National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year
    (A) 1997
    (B) 1998
    (C) 1999
    (D) 2000

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Economics and Indian Economy:
  Set 01      Set 02      Set 03      Set 04      Set 05      Set 06      Set 07      Set 08      Set 09
  Set 10      Set 11
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