Class/Course - CA - CPC

Subject - General Economics

Total Number of Question/s - 3449

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  • 1. Theory of Demand - Quiz

    1. What is the elasticity between mid-point and upper extreme point of a straight line continuous demand curve?
    a) Infinite
    b) Zero
    c) Greater than one
    d) Less than one

    2. Expansion and contraction in demand are caused by:
    a) Change in income of buyer
    b) Change in taste and preference of buyer
    c) Change in price of the commodity
    d) Change in price of related goods.

  • 2. Theory of Consumer Behaviour - Quiz

    1. The slope of I.C curve is always :
    a) Downward
    b) Upward
    c) Strait line
    d) can be all above

    2. Consumer Surplus is based on which concept?
    a) Diminishing Marginal Utility
    b) Law of Demand
    c) Indifference curve Approach
    d) None

  • 3. Theory of Supply - Quiz

    1. If the price of apples rises from Rs 30 per Kg to Rs. 40 per Kg and the supply increases from 240 Kg to 300 Kg. elasticity of supply is:
    a) 0.75
    b) 0.67
    c) 00.67
    d) 00.77

    2. Increase or decrease in supply means:
    a) Change in supply due to change its own price
    b) Change in supply due to change in factors other than its own price
    c) Both of above
    d) None of above

  • 4. Theory of Production - Quiz

    1. External economics are enjoyed:
    a) By large producers only
    b) As firm expands
    c) Both (a) and (b)
    d) None of above.

    2. An Entrepreneur undertakes which one of the following functions?
    a) Initiating a business and resource co-ordination
    b) Risk or uncertainty bearing
    c) Innovations
    d) All of the above.

  • 5. Theory of Cost - Quiz

    1. Suppose the total cost of production of commodity ‘X’ is Rs. 1, 25,000 Out of other cost implicit is Rs. 35,000 and normal profit is Rs. 25,000 what will be the explicit cost of commodity ‘X’?
    a) Rs. 60,000
    b) Rs. 65,000
    c) Rs. 90,000
    d) Rs. 80,000

    2. Suppose, the total cost of production of commodity X is Rs. 1,25,000. Out of this cost implicit cost Rs. 35,000 and normal profit is Rs. 25,000. What will be the explicit cost of commodity X?
    a) 90000
    b) 65000
    c) 60000
    d) 1,00,000

  • 6. Market - Quiz

    1. Market which have two firms are known as:
    a) Oligopoly
    b) Duopoly
    c) Monopsony
    d) Oligopsony

    2. Monopolist can determine:
    a) Price
    b) Output
    c) Either price or output
    d) None

  • 7. Determination of Price - Quiz

    1. Equilibrium price may be determined through
    a) Only demand
    b) Only supply
    c) Both demand & supply
    d) None

    2. An increase in supply with unchanged demand leads to:
    a) Rise in price and fall in quantity
    b) Fall in both price and quantity
    c) Rise in both price and quantity
    d) Fall in price and rise in quantity

  • 8. Price and Output Determination - Quiz

    1. Price discrimination is possible only when.
    a) Seller is alone
    b) Goods are homogeneous
    c) Market is controlled by the government
    d) None of the above

    2. Demand curve is equal to MR curve in which market?
    a) Oligopoly
    b) Monopoly
    c) Monopolistic Competition
    d) Perfect Competition

  • 9. Introduction to Microeconomics - Quiz

    1. A capitalist economy uses _______ as the principal means of allocating resources
    a) Demand
    b) Supply
    c) Efficiency
    d) price

    2. “Economics is neutral between ends”. The statement is given by:
    a) L. Robbins
    b) Mrs. Joan
    c) Alfred Marshall
    d) A.C. Pigon.

  • 10. Money - Quiz

    1. Which of the following shows the meaning of M3?
    a) M1 + Post office saving deposits
    b) Currency + coins + demand deposits of banks
    c) M1 + time deposit of public with bank
    d) None of these.

    2. Traditionally money has been defined on the basis of its functional aspects. Which one of the following falls under this category?
    a) Medium of exchange
    b) Common measure of value
    c) A store of value
    d) All of the above.

  • 11. Commercial Banks - Quiz

    1. How many banks were nationalized in 1980?
    a) 6
    b) 14
    c) 20
    d) 30

    2. The number of banks in India at the time of independence was
    a) 640
    b) 645
    c) 650
    d) 655

  • 12. Reserve Bank of India - Quiz

    1. Which of these is a Quantitative Method of Credit control?
    a) Bank Rate
    b) Moral Suasion
    c) Margin Requirement
    d) All of the above

    2. Rs. 10 note is issued by:
    a) SBI
    b) RBI
    c) Government
    d) Ministry of Finance

  • 13. Economic Reforms in India - Quiz

    1. SEZ Act was introduced in which year?
    a) 2000
    b) 2005
    c) 2008
    d) 2012

    2. Fiscal policy means _______.
    a) Policy relating to money and banking of a country
    b) Policy relating to public revenue and public expenditure.
    c) Policy relating to non-banking financial institutions.
    d) None of the above.

  • 14. Liberalisation, Privatization and Disinvestment - Quiz

    1. Disinvestment is a process of ________:
    a) Disposal of public sector unit’s equity in the market
    b) Relaxation of government restrictions
    c) Transfer of assets from public to private sector
    d) All of above

    2. Since adoption of Economic liberalisation, the share of agriculture in India’s G.D.P. is
    a) Constant
    b) Increasing
    c) Decreasing
    d) None of the above.

  • 15. Globalization - Quiz

    1. Exports now finance over 80% of imports, as compared to 60% in 1985, this situation is achieved due to _________:
    a) Liberalisation
    b) Privatisation
    c) Disinvestment
    d) Globalisation

    2. Which institution is known as the ‘soft loan window’ of world bank?
    a) IFC
    b) IDA
    c) IMF
    d) WTO

  • 16. Indian Economy - Quiz

    1. Which of these are responsible for measuring inequalities of income and wealth?
    a) Gini index
    b) HDI
    c) Both (a) and (b)
    d) None.

    2. Primary sector also includes __________.
    a) Transport and shipping
    b) Banking and financial institution
    c) Mining and quarrying
    d) Insurance

  • 17. Role of Different Sectors - Quiz

    1. Which of the following is not a tenancy reforms:
    a) Regulation of rent
    b) Security of tenure
    c) Conferment of ownership rights on tenants
    d) Consolidation of holdings.

    2. Who is responsible for collecting and presenting statistics in India?
    a) ISI
    b) CSO
    c) ICAER
    d) NCERT

  • 18. National Income - Quiz

    1. GNP at factor cost minus depreciation is equal to ______.
    a) NNP at factor cost
    b) NDP at factor cost
    c) GDP at factor cost
    d) NNP at market price.

    2. Goods and services for final consumption are:
    a) Produced goods
    b) Consumer goods
    c) Giffen goods
    d) Retail Prices

  • 19. Tax System - Quiz

    1. Highest Tax revenue is earned by:
    a) Excise duty
    b) VAT
    c) CENVAT
    d) Income Tax

    2. Direct taxes are_________in nature
    a) Progressive
    b) Regressive
    c) Digressive
    d) Proportional

  • 20. Population - Quiz

    1. Which of the following state has the highest urban population?
    a) Uttar Pradesh
    b) Maharashtra
    c) Tamil Nadu
    d) Rajasthan

    2. Birth rate and death rate refer to number of births and deaths per ______ of population.
    a) 1,000
    b) 100
    c) 10
    d) 10,000

  • 21. Poverty - Quiz

    1. Employment guarantee scheme was launched in:
    a) 1999
    b) 2000
    c) 1995
    d) 2006

    2. Which of the following Statements is correct.
    a) The concept of absolute poverty is used for measuring poverty in India
    b) The concept of relative poverty is more relevant for the less developed countries
    c) The concept of Absolute poverty is more relevant for the developed countries
    d) None of the above

  • 22. Unemployment - Quiz

    1. A situation of employment in which a person is apparently employed but his contribution to the production is almost nil is called _________ unemployment:
    a) Structural
    b) Chronic
    c) Disguised
    d) Cyclical

    2. Which type of unemployment is more in India?
    a) Disguised
    b) Open
    c) Cyclical
    d) Educational

  • 23. Infrastructrual Challenges - Quiz

    1. Hydel power contributes _________of the total power generation:
    a) 10%
    b) 17%
    c) 20%
    d) 25%

    2. The Indian postal dates back:
    a) 1827
    b) 1837
    c) 1847
    d) 1857

  • 24. Inflation - Quiz

    1. In India, inflation is measured by:
    a) Consumer price index
    b) Agriculture index
    c) Industrial index
    d) Whole sale price index

    2. Which of the following measures can be used for curbing inflation?
    a) Monetary measures
    b) Fiscal measures
    c) Investment controls
    d) All of the above

  • 25. Budget and Fiscal Deficits - Quiz

    1. Fiscal Policy refers to a policy of :
    a) Money lenders
    b) Government Finance
    c) Commercial banks
    d) Monetary authority

    2. In 2003, the _______ was passed to reduce the gross fiscal deficit by 0.5% of the GDP in each financial year.
    a) FRBM Act
    b) FERA
    c) FEMA
    d) FEPA

  • 26. Balance of Payment - Quiz

    1. Balance of payment deficit can be removed through:
    a) Devaluation of currency
    b) Vigorous export promotion
    c) Import substitution
    d) All of the above

    2. India has witnessed a surplus for the third successive year in which account of the balance of payment?
    a) Trade account of BOP
    b) Current account of BOP
    c) Both (a) and (b)
    d) None of these

  • 27. External Debt - Quiz

    1. The Percentage of external debt towards GDP in 2012 was:
    a) 16.5%
    b) 20%
    c) 18.5%
    d) 19.6%

    2. The share of concessional debt in total external debt has :
    a) Remained the same
    b) Doubled
    c) Reduced
    d) Increased