## Class/Course - CA - CPC

### Subject - General Economics

#### Total Number of Question/s - 3449

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• 1. Theory of Demand - Quiz

1. When the total expenditure incurred by the consumers on a commodity due to a change is its price remains the same, then the elasticity of demand for that commodity will be:
a) Zero
b) One
c) More than one
d) Less than one

2. Suppose the price of movies seen at a theatre rises form Rs. 120 per person to Rs.200 per person. The theatre manager observed that the rise in prices has lead to a fall in attendance at a given movie from 300 persons to 200 persons. What is the price elasticity of demand for the movie? (arc elasticity)
a) 0.5
b) 0.8
c) 1.00
d) None of these

• 2. Theory of Consumer Behaviour - Quiz

1. The satisfaction which a consumer derives in the consumption of a commodity is equal to Rs. 320. The price of that commodity is Rs. 180. What will be his consumer surplus?
a) 180
b) 200
c) 140
d) 500

2. In the case of complimentary goods the shape of indifference curve will be
a) Convex to the origin
b) Straight line
c) L-Shaped
d) Circular

• 3. Theory of Supply - Quiz

1. The price of mangoes increases form Rs. 30 per kilogram to Rs. 40 per kilogram and the supply increases from 240 kilograms the 300 kilograms. What will be the elasticity of supply for mangoes?
a) -0.67
b) 0.67
c) – 0.77
d) 0.77

2. Supply of a commodity is a ________.
a) Stock concept
b) Flow Concept
c) Both stock and flow concept
d) Whole sale concept

• 4. Theory of Production - Quiz

1. Which of the following is the reason of the working of law of increasing returns?
a) Fuller utilization of fixed factors
b) Indivisibility of the factors
c) Greater specialization of labour
d) All of the above.

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

• 5. Theory of Cost - Quiz

1. Supply curve remaining unchanged, an increase in demand will lead to.
a) A fall in price
b) A rise in price
c) No change in price
d) An increase in supply

2. Payment made to outsiders for their goods and services are called :
a) Opportunity cost
b) Real cost
c) Explicit cost
d) Implicit cost

• 6. Market - Quiz

1. MR of n the unit is given by:
a) TRn/ TRn-1
b) TRn + TRn-1
c) TRn - TRn-1
d) All of these

2. Given the relation MR=P $\left ( 1-\frac{1}{e} \right )$ if>1, then:
a) MR>0
b) MR<0
c) MR=0
d) None

• 7. Determination of Price - Quiz

1. In the long run:
a) Only demand can change
b) Only supply can change
c) Both demand and supply can change
d) None of these

2. Condition for producer equilibrium is:
a) TR=TVC
b) MC=MR
c) TC=TSC
d) None of these

• 8. Price and Output Determination - Quiz

1. Under ________ market condition, firms make normal profit in the long run:
a) Perfect competition
b) Monopoly
c) Oligopoly
d) None

2. A competitive firm in the short run incure losses. The firm continue production, if:
a) P>AVC
b) P=AVC
c) P<AVC
d) P>=AVC

• 9. Introduction to Microeconomics - Quiz

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

2. In a capitalist economy the allocation of resources is performed by:
a) Producers
b) Price mechanism
c) Planners
d) Price mechanism

• 10. Money - Quiz

1. Measurement of value of all goods and services refers to which of the following functions of money?
a) Medium of Exchange
b) Unit of account
c) Standard of deferred payment
d) Store of value

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. Banks not only accept deposits but also ________savings.
a) Distribute
b) Mobilise
c) Convert
d) None of above

2. RBI makes advances to the central and state government repayable within ________ from the date of advancing:
a) 60 days
b) 45 days
c) 90 days
d) 75 days

• 12. Reserve Bank of India - Quiz

1. Which one of the following statement defines the term “Reverse Repo Rate?
a) The rate at which the commercial banks borrow money from RBI
b) The rate at which RBI borrows from other banks
c) The rate at which the commercial banks borrow from each other
d) None of the above.

2. The objectives of monetary policy are ______.
a) Price stability
b) Exchange rate stability
c) Employment generation
d) All of the above

• 13. Economic Reforms in India - Quiz

1. What was the SLR during 1990-1999 when it was at peak?
a) 25%
b) 38.5%
c) 15%
d) 5%

2. Fiscal Deficit can be reduced by one of the following ways
a) Increase in subsidy
b) Restrict Privatisation
c) Reduction of tax Revenue
d) Re Prioritize plan scheme

• 14. Liberalisation, Privatization and Disinvestment - Quiz

1. Under the strategic sale method, disinvestment price is fixed on---------.
a) Prevailing rate
b) Estimated rate
c) Pre-determined rate
d) Market based rate

2. __________ refers to relaxation of produce government restriction usually in areas of social and economic polices:
a) Privatisation
b) Globalisation
c) Disinvestment
d) Liberalisation

• 15. Globalization - Quiz

1. Opening up the economy to the economies of the world so that Indian economy can compute at international level is called__________:
a) Liberalization
b) Globalization
c) Privatization
d) None of these

2. WTO replaced which organisation in 1995?
a) IBRD
b) GATT
c) IMF
d) None of these

• 16. Indian Economy - Quiz

1. Nearly __________ percent of population is dependent on agriculture presently in India: (updated)
a) 72%
b) 53%
c) 22%
d) None

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

• 17. Role of Different Sectors - Quiz

1. The share of tertiary sector in GDP in 2011-12 was : [updated]
a) 51.4%
b) 45.1%
c) 42.3%
d) 56%

2. Objective of Regional Rural Bank is:
a) To provide credit and deposit facilities for agriculture and other productive activities in rural areas
b) To monitor the activities of all the banks in rural areas
c) To act as a link between rural banks and RBI
d) To sponsor the rural development programmes of government

• 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. NNPFC minus ________ = NDPFC
a) NFIA
b) Net indirect taxes
c) Depreciation
d) None.

• 19. Tax System - Quiz

1. State which of the following income is wholly exempt from the income tax?
a) Income from salary
b) Income from house property
c) Income from business and profession
d) Income from agriculture.

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

• 20. Population - Quiz

1. The latest literacy ratio of males in rural areas:
a) 65:38
b) 46:24
c) 86:71
d) 50:50

2. State with the highest density of population is:
a) West Bengal
b) Bihar
c) Maharashtra
d) U.P

• 21. Poverty - Quiz

1. Which of the following poverty eradication scheme is presently operational in India?
a) Mahatma Gandhi National Rural Employment Guarantee Scheme
b) Ajeevika
c) Swarn Jayanti Shahari Rozgar Yojna
d) All of the above

2. In which plan period, the integrated Rural Development Programme (IRDP) was started in India
a) Fifth
b) Sixth
c) Seventh
d) Eighth.

• 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. The age group which belongs to working population is.
a) 5 years – 45 years
b) 10 years – 55 years
c) 15 years – 60 years
d) 21 years – 65 years

• 23. Infrastructrual Challenges - Quiz

1. Plant load Factor, a measure of operational efficiency of a thermal plant varies across the regions in India. In which of the following regions it has been lowest in the year 2012 – 13?
a) Eastern
b) Western
c) Central
d) Southern

2. VPT stands for:
a) Village public telephone
b) Village police telephone
c) Vidyut pariyojna telephone
d) None

• 24. Inflation - Quiz

1. When prices rise because of growing factor prices then that inflation is called as
a) Demand pull inflation
b) Stagflation
c) Deflation
d) Cost push inflation

2. Stagflation is ________.
a) Inflation with recession
b) Inflation with growth
c) Deflation with growth
d) Deflation followed by inflation

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

• 26. Balance of Payment - Quiz

1. If foreign exchange rate changes from 1dollar = 46 to1dollar = 36, the money is _______.
a) Depreciated
b) Appreciated
c) Devalued
d) None.

2. A systematic record of all receipts and payments of a country in international transactions in one year is called.
b) Balance of payment
c) Balance of current account
d) Balance of capital account

• 27. External Debt - Quiz

1. When external debt of a country is more than its interest obligation, it is _______:
a) Debt Trap
b) Liquidity trap
c) Entry trap
d) None

2. About ________ percent of external assistance has been in the form of loans are:
a) 40
b) 30
c) 10
d) 90