Posted On : 27-Feb-2018

Q1: When the productive capacity of the economic system of a State is inadequate to create sufficient number of jobs, it is called

• A. Seasonal unemployment
• B. Structural unemployment
• C. Disguised unemployment
• D. Cyclical unemployment

Q2: Fiscal policy in India is formulated by

• A. The Reserve Bank of India
• B. The Planning Commission
• C. The Finance Ministry
• D. The Securities and Exchange board of India

Q3: According to Goldman Sachs? review of emerging economies, by 2050 which one of the following would be the order of the largest economies in the world?

• A. China-USA-India-Brazil-Mexico
• B. USA-China-India-Brazil-Mexico
• C. China-USA-Brazil-India-Mexico
• D. USA-Mexico-China-India-Brazil

Q4: Who estimated the National Income for the first time in India?

• A. Mahalanobis
• B. Dadabhai Naoroji
• C. VKRV Rao
• D. Sardar Patel

Q5: Economic development depends on

• A. Natural resources
• B. Capital formation
• C. Size of the market
• D. All of the above

Q6: National income is generated from

• A. any money making activity
• B. any laborious activity
• C. any profit-making activity
• D. any productive activity

Q7: Money supply is governed by the

• A. Planning Commission
• B. Finance Commission
• C. Reserve Bank of India
• D. Commercial Banks

Q8: The present Indian monetary system is based on

• A. Gold Reserve System
• B. Proportional Reserve System
• C. Convertible Currency System
• D. Minimum Reserve System

Q9: A situation where we have people whose level of income is not sufficient to meet the minimum consumption expenditure is considered as

• A. Absolute Poverty
• B. Relative Poverty
• C. Urban Poverty
• D. Rural Poverty

Q10: The term stagflation refers to a situation where

• A. Growth has no relation with the change in prices
• B. Rate of growth and prices both are decreasing
• C. Rate of growth is faster than the rate of price increase
• D. Rate of growth is slower than the rate of price increase