(1)Which one of the following is not an instrument of credit control in India? (a)Rationing of credit (b)Direct Action (c)Open Market operations (d)Variable cost reserve ratios Ans-d(Variable cost reserve ratios) (2)Which among the following is an example of a micro-economic …

(1)which of the following rate is charged by banks to their most creditworthy customers? (a)Prime Lending Rate (b)Statutory Liquidity Rate (c)Bank Rate (d)Repo Rate Ans-a(Prime Lending Rate) (2)Medium term loans are provided for a period of_________________. (a)1 year to 2 …

(1)An economic system combining private and state enterprise is called as________________. (a)Market economy (b)Centrally planned economy (c)Private economy (d)Mixed economy Ans-d(Mixed economy) (2)What was the main motive of Third Five Year Plan in India? (a)Rural development (b)Agriculture (c)Financial Inclusion (d)Economic …

(1)Courier service comes under which sector? (a)Primary (b)Secondary (c)Tertiary (d)Both Secondary and Tertiary Ans-c(Tertiary) (2)Which among the following is not a direct tax? (a)Income tax (b)Wealth tax (c)Corporate tax (d)None of these Ans-d(None of these) (3)Which of the following is …

(1)Which of the following pair/pairs is/are INCORRECT? I.Golden revolution-Fruits production II.Blue revolution-Increasing production of fertilizers III.Yellow revolution-For the production of eggs (a)Only I (b)Only II (c)Both I and II (d)Both II and III Ans-d(Both II and III) (2)MTNL comes under …

(1)Which among the following is not an instrument of fiscal policy? (a)Taxation (b)Public expenditure (c)Public debt (d)Credit Rationing Ans-d(Credit Rationing) (2)Which of the following equation is/are INCORRECT? I. NI=NDP+Net Foreign Income II. GNP=GDP+Net Foreign Income III. NDP=GNP-Depreciation (a)Only I and …

(1)Which of the following is called GDP Deflator? (a)Ratio of nominal to real GDP (b)Ratio of nominal to real GNP (c)Ratio of nominal to real CPI (d)Ratio of real to nominal GNP Ans-a(Ratio of nominal to real GDP) (2)Which organization …

(1)What does indifference curve represent? (a)Level of Income and Capital (b)Satisfaction derived from two goods (c)Income from two businesses (d)Relationship between expenditure and savings Ans-b(Satisfaction derived from two goods) (2)Match the following(Arjuna Award 2016). Sport           …

(1)After which five-year plan, ‘The Rolling plan’ was implemented? (a)Third Plan (b)Fifth plan (c)Seventh plan (d)Ninth Plan Ans-b(Fifth plan) (2)Which tax causes a burden on the poorer section of the society? (a)Direct Tax (b)Indirect Tax (c)Both Direct and Indirect Tax …

(1)In which of the following market forms a firm does not exercise control over price? (a)Mixed Competition (b)Monopoly (c)Oligopoly (d)Perfect competition Ans-d(Perfect competition) (2)Which of the following is represented by ‘Lorenz Curve’? (a)Employment (b)Inflation (c)Deflation (d)Income Distribution Ans-d(Income Distribution) (3)Which …

(1)In a centrally planned economy, the_______________plans all the important activities in the economy. (a)Industrialists (b)Citizens (c)Government (d)Judiciary Ans-c(Government) (2)______________says that if we keep increasing the employment of an input, with other inputs fixed, eventually a point will be reached after …

(1)The_______________exchange rate is the relative price of foreign goods in terms of domestic goods. (a)Artificial (b)Nominal (c)Fixed (d)Real Ans-d(Real) (2)______________is an alternative way of representing the production function. (a)The Short Run (b)The Long Run (c)Isoquant (d)Average Product Ans-c(Isoquant) (3)“United Nations …

(1)In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by_____________signals. (a)Supply (b)Demand (c)Price (d)Stock Market Ans-c(Price) (2)_______________says that the marginal product of a factor input …

(1)A commodity market has a_____________structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented. (a)Perfect Competition (b)Monopoly (c)Oligopoly (d)Monopolistic Competition Ans-b(Monopoly) (2)The short-run average cost curve …

(1)The closest example of a centrally planned economy is the_______________for the major part of the 20th Century. (a)USA (b)India (c)Soviet Union (d)Japan Ans-c(Soviet Union) (2)______________is the relationship between the variable input and output, keeping all other inputs are held constant. …

(1)From which of the following, is the GDP of a country not derived from? (a)Agricultural sector (b)Industrial sector (c)International sector (d)Service sector Ans-c(International sector) (2)___________ is the set of all possible combinations of the two inputs that yield the same maximum …

(1)The _____________exchange rate is the price of one unit of foreign currency in terms of domestic currency. (a)Artificial (b)Nominal (c)Fixed (d)Real Ans-b(Nominal) (2)_______________of an input is defined as the change in output per unit of change in the input when all …

(1)The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy. (a)Resource Probability Set (b)Production Probability Set (c)Resource …