Class/Course - CA - CPC

Subject - General Economics

Total Number of Question/s - 3449

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  • 1. Theory of Demand - Quiz

    1. The quantity demanded does not respond to price change and so the elasticity is:
    a) one
    b) Infinite
    c) Zero
    d) None

    2. The price of hot-dogs increases by 22% and the quantity demanded falls by 25% this indicates that demand for hot dogs is:
    a) Elastic
    b) Inelastic
    c) Unitary elastic
    d) Perfectly elastic

  • 2. Theory of Consumer Behaviour - Quiz

    1. The law of equi marginal utility is one of the laws within whose parameters Marginal Utility Analysis is framed. The other one is:
    a) Law of diminishing marginal utility
    b) Law of proportions
    c) Law of consumer surplus
    d) Law of increasing return

    2. The price line or budget line of a consumer is
    a) Parallel to x-axis
    b) Parallel to y-axis
    c) Straight line joining the two axis
    d) None of the above.

  • 3. Theory of Supply - Quiz

    1. When price remains constant and quantity demanded changes, then the elasticity of demand will be:
    a) Vertical to X-axis
    b) Horizontal to X-axis
    c) Either (a) or (b)
    d) None

    2. If supply curve is Perfectly Inelastic, the supply curve is:
    a) Vertical
    b) Horizontal
    c) Upward sloping
    d) Downward sloping

  • 4. Theory of Production - Quiz

    1. Production function is
    a) Purely a technical relationship between input & output
    b) Purely an economic relationship between input & output
    c) Both the technical & economic relationship between input & output.
    d) None of the above.

    2. External diseconomies arise due to:
    a) Growth of ancillary industries
    b) High cost of technologies
    c) Increase in the price of factors of production
    d) None of the above.

  • 5. Theory of Cost - Quiz

    1. Which of the following cost curves is never ‘U’ shaped?
    a) Average cost curve
    b) Marginal cost curve
    c) Total cost curve
    d) Fixed cost curve

    2. What is the total cost of production of 20 units, if fixed cost is Rs. 5,000 and variable cost is Rs. 2/-?
    a) 5400
    b) 5040
    c) 4960
    d) 5020

  • 6. Market - Quiz

    1. What should firm do when Marginal revenue is greater than marginal cost?
    a) Firm should expand output
    b) Effect should be made to make them equal
    c) Prices should be covered down
    d) All of these

    2. Under monopoly price discrimination depends upon :
    a) Elasticity of demand for commodity
    b) Elasticity of supply for commodity
    c) Size of market
    d) All of above

  • 7. Determination of Price - Quiz

    1. If price is forced to stay below equilibrium price:
    a) Excess supply exists
    b) Excess demand exists
    c) Either (a) or (b)
    d) Neither (a) nor (b)

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

  • 8. Price and Output Determination - Quiz

    1. Abnormal profits exist in the long run only under _______.
    a) Perfect Competition
    b) Monopoly
    c) Monopolistic Competition
    d) Oligopoly

    2. Under Monopolistic competition the cross elasticity of demand for the product of a single firm would be:
    a) Infinite
    b) Highly elastic
    c) Highly inelastic
    d) Zero

  • 9. Introduction to Microeconomics - Quiz

    1. Socialist Economy is also known as
    a) Mixed Economy
    b) Planned Economy
    c) Capitalist Economy
    d) None of the above.

    2. Micro economics is also known as _______
    a) Public economics
    b) Price theory
    c) Income theory
    d) Demand theory

  • 10. Money - Quiz

    1. The difference between narrow money and broad money is.
    a) Coins and currency
    b) Currency
    c) Saving deposits of Banks
    d) Time deposits with of banks

    2. The difference between broad money and narrow money is:
    a) Post office deposits
    b) Term deposits with banks.
    c) Savings
    d) Currency

  • 11. Commercial Banks - Quiz

    1. Which of the following functions, modern banks do not perform?
    a) Issue of letter of credit
    b) Publishing of statistics
    c) Handing of Foreign Exchange Reserves
    d) Conducting Enquiry Survey

    2. The number of branch offices of commercial banks in 2012 was (Modified):
    a) 65,000
    b) 65,500
    c) 98,591
    d) 69,500

  • 12. Reserve Bank of India - Quiz

    1. Which of the following is not a function of the RBI?
    a) Issue of currency
    b) Banker’s Bank
    c) Regulation of Foreign Trade
    d) Custodian of Forex Reserves.

    2. Which of the following is not a qualitative method of credit control?
    a) Credit Rationing
    b) Changes in cash reserve of Commercial banks.
    c) Publicity and Notification
    d) Regulation of consumer credit.

  • 13. Economic Reforms in India - Quiz

    1. The rate of interest on saving deposit is
    a) 4.5%
    b) 5.0%
    c) 4.0%
    d) 2.5%

    2. CRR in India in 2007 was:
    a) 5%
    b) 4%
    c) 6%
    d) 7%

  • 14. Liberalisation, Privatization and Disinvestment - Quiz

    1. Franchising is one of the method of ________.
    a) Liberalisation
    b) Globalisation
    c) Privatisation
    d) All of these

    2. Disinvestment means selling of a public investment to a ___________:
    a) Private enterprises
    b) Public enterprises
    c) Capital market
    d) Departmental enterprises

  • 15. Globalization - Quiz

    1. In the 2006-07 Budget, the peak rate of custom duty was brought down to : (updated)
    a) 5%
    b) 10%
    c) 12%
    d) 20%

    2. IMF commenced its operation in :
    a) March 1947
    b) April 1947
    c) Dec 1947
    d) April 1957

  • 16. Indian Economy - Quiz

    1. Capital goods industries mean:
    a) Machinery, machine tools etc
    b) Iron & steel, cement, etc
    c) Chemicals, rubber, plastics, etc
    d) Watches, perfumes, etc

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

  • 17. Role of Different Sectors - Quiz

    1. Annual production of 250 million tones of food grains is a goal of
    a) National Nutrition policy, 1993
    b) Applied Nutrition project
    c) Special Nutrition programme
    d) Mid-Day Meal programme.

    2. In occupational structure of India which sectors contribution is increasing?
    a) Agriculture
    b) Industries
    c) Services
    d) Animal husbandry

  • 18. National Income - Quiz

    1. Real national income means the national income measured in terms of.
    a) Constant prices
    b) Current prices
    c) Wholesale prices
    d) Retail prices

    2. Which of the following is not correct?
    a) NNPMP = GNPMP - depreciation
    b) NNPMP = NNPFC+ net indirect taxes
    c) GDPMP+.NFIA
    d) NDPFC = GDPFC- depreciation

  • 19. Tax System - Quiz

    1. Direct taxes being progressive in nature, helps to______.
    a) Reduce inequality
    b) Reduce poverty
    c) Reduce prices
    d) Reduce poverty and prices

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

  • 20. Population - Quiz

    1. Sex ratio refers to the number of females per_________males.
    a) 100 males
    b) 1,000 males
    c) 10,000 males
    d) None

    2. Density of population is lowest in __________ state.
    a) Arunanchal Pradesh
    b) Meghalaya
    c) Madhya Pradesh
    d) Goa

  • 21. Poverty - Quiz

    1. Scheme for construction of house to be given to the poor free of cost was:
    a) Jawahar Awas yojna
    b) Indira awas yojna
    c) Rajeev Awas Yojna
    d) Valmiki Ambedkar awas yojna

    2. Identify the correct statements:
    a) The problem of unemployment and poverty are not inter-related.
    b) The birth rate in India is high because of low incidence of poverty
    c) The problem of poverty has been solved in India
    d) None of these.

  • 22. Unemployment - Quiz

    1. You are a factory owner and have given employment to 400 workers. If 10 workers are retrenched by you without loss of production then this situation will be described as:
    a) Open Unemployment
    b) Disguised Unemployment
    c) Frictional Unemployment
    d) Seasonal Unemployment

    2. In rural areas in India, the nature of unemployment is:
    a) Disguised
    b) Seasonal
    c) Both A & B
    d) Voluntary

  • 23. Infrastructrual Challenges - Quiz

    1. Petroleum, Oil and Lubricants (POL) constitute around______ percent of India’s Import bill.
    a) 32
    b) 35
    c) 37
    d) 39

    2. Out of 12 major ports, _______ is true top traffic handler:
    a) Kolkata
    b) Cochin
    c) Mumbai
    d) Vishakhapatnam

  • 24. Inflation - Quiz

    1. Inflation rate as per 2011-12 was:
    a) 9.1%
    b) 6%
    c) 6.79%
    d) 4.7%

    2. When prices are falling continuously, the phenomenon is called:
    a) Inflation
    b) Stagflation
    c) Deflation
    d) Reflation

  • 25. Budget and Fiscal Deficits - Quiz

    1. Which of these is a side effect of deflation?
    a) Decreasing unemployment
    b) Increase in demand
    c) Economic depression
    d) Increase in personal expenditure.

    2. Revenue deficit in India is :
    a) Positive
    b) Negative
    c) Zero
    d) Balanced

  • 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. Change in exchange rate from dollar 1 = Rs. 46 to dollar 1 = Rs. 39 implies _______.
    a) Appreciation of rupee.
    b) Depreciation of rupee.
    c) Devaluation of rupee.
    d) None of the above.

  • 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. Economic development of a country cannot be achieved without _______.
    a) Foreign aid
    b) Profit making
    c) Domestic savings
    d) External borrowing.