Total Number of Question/s - 3449

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  • 1. Theory of Demand - Quiz


    1. Which factor generally keeps the price-elasticity of demand for a good low:
    a) Variety of uses for that good
    b) Its low price
    c) Close substitutes for that good
    d) High proportion of the consumer’s income spent on it

    2. A fall in price of normal goods leads to:
    a) Shift in demand curve
    b) Fall in demand
    c) A rise in consumer’s real income
    d) A fall in consumer’s real income.

  • 2. Theory of Consumer Behaviour - Quiz


    1. When two goods are perfect complementary, the indifference curve is:
    a) A straight line
    b) U-shaped
    c) L-shaped
    d) Circular in shape

    2. A consumer buys two commodities X and Y, he should be in equilibrium when:
    a) $\frac{MU_{x}}{P_{x}} = \frac{MU_{y}}{P_{y}}$
    b) $\frac{MU_{x}}{MU_{y}}= MU_{m}$
    c) $\frac{MU_{x}}{P_{x}} = \frac{MU_{y}}{P_{x}}$
    d) $\frac{P_{x}}{P_{y}}= MU_{m}$

  • 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. A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply is
    a) Zero
    b) Infinite
    c) Equal to one
    d) Greater than zero but less that one

  • 4. Theory of Production - Quiz


    1. Labour force wants more_______.
    a) Facility
    b) Leisure
    c) Benefit
    d) All of the above

    2. The concept of Returns to Scale is related with:
    a) Very short period
    b) Short period
    c) Long period
    d) None of above.

  • 5. Theory of Cost - Quiz


    1. At which point does the marginal cost curve intersect the average variable cost curve and short run average total cost curve?
    a) At equilibrium points
    b) At their lowest points
    c) At their optimum points
    d) They don’t intersect at all

    2. The average fixed cost for producing an output of 6 units of a product by a firm is Rs. 30. The same cost for producing an output of 4 units will be Rs. _________.
    a) 50
    b) 45
    c) 25
    d) 20

  • 6. Market - Quiz


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

    2. The market structure in which the number of sellers is small and there is inter dependence in decision making by the firms is known as :
    a) Perfect competition
    b) Oligopoly
    c) Monopoly
    d) Monopolistic competition

  • 7. Determination of Price - Quiz


    1. For maximum profit, the condition is:
    a) AF=AC
    b) MR=MC
    c) MR=AR
    d) MC=AC

    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. Price taker firms _________
    a) Do not advertise their product because it misleads the customers
    b) Advertise their products to boost the level of demand
    c) Do not advertise but give gifts along with the sold items to attract customers
    d) Do not advertise because they can sell as much as they wish at the prevailing price

    2. MR Curve = AR = Demand Curve is a feature of which kind of Market?
    a) Perfect Competition
    b) Monopoly
    c) Monopolistic
    d) Oligopoly

  • 9. Introduction to Microeconomics - Quiz


    1. Mixed economy means :
    a) Co-existence of small and large industries
    b) Promoting both agriculture and industries in the economy
    c) Co-existence of rich and poor
    d) Co-existence of public and private sectors

    2. A study of how increase in the corporate income tax rate will affect the natural unemployment rate is an example of:
    a) Macro Economics
    b) Descriptive Economics
    c) Micro Economics
    d) Normative  Economics

  • 10. Money - Quiz


    1. 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.

    2. Which among the following is the static function of money?
    a) Store of value
    b) Medium of exchange
    c) Standard of deferred payments
    d) All of the above.

  • 11. Commercial Banks - Quiz


    1. What can RBI do, if it wants to control credit in the economy?
    a) Decrease Bank rate and CRR
    b) Increase Bank rate and CRR
    c) Increase Bank rate and decrease CRR
    d) Any of above

    2. The government established ___________ in 1982 to finance rural projects at lower rate of interest:
    a) Regional Rural Banks
    b) Reserve Bank of India
    c) Co-operative Banks
    d) National Bank for Agriculture and Rural Development

  • 12. Reserve Bank of India - Quiz


    1. _________ is the rate at which the Central Bank discounts the bill of Commercial Banks.
    a) Bank rate
    b) Interest rate
    c) Growth rate
    d) None of the above.

    2. Which of the following is a qualitative method of credit control
    a) Bank rate
    b) Open market operations
    c) Variation in the reserve requirement
    d) Regulation of consumer credit

  • 13. Economic Reforms in India - Quiz


    1. Fiscal policy means
    a) Policy relating to money matters
    b) Policy related to income and expenditure of the government
    c) Policy related to disbursement of funds to state government
    d) Policy related to foreign trade matters

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

  • 14. Liberalisation, Privatization and Disinvestment - Quiz


    1. CIF stands for :
    a) Cost, insurance, freight
    b) Cost inclusive of freight
    c) Cost in freight
    d) Cost, interest, freight

    2. Privatisation can be achieved by:
    a) Leasing
    b) Franchising
    c) Contracting
    d) All of these

  • 15. Globalization - Quiz


    1. Which of the following statement is correct?
    a) World Bank provides debt funding to retail borrowers
    b) World Bank provides loan to eligible foreign institutional investors
    c) World Bank provides loan to all those who need money
    d) World Bank provides loan to member countries

    2. Which of the following is the soft lending arm of the World Bank?
    a) IFC
    b) IDA
    c) IMF
    d) WTO

  • 16. Indian Economy - Quiz


    1. A gini Index of zero represents perfect ________:
    a) Equality
    b) Inequality
    c) Profit
    d) Loss

    2. Maternal mortality rate is highest in which state?
    a) U.P
    b) Bihar
    c) Tamil Nadu
    d) Orissa.

  • 17. Role of Different Sectors - Quiz


    1. National Bank for Agriculture and rural development is
    a) A commercial Bank
    b) A cooperative bank
    c) An apex bank set up for Rural and agricultural credit
    d) A subsidiary of State Bank of India

    2. Which five year plan accorded highest priority to the establishment of basic and heavy industries in India.
    a) First Plan
    b) Second Plan
    c) Third Plan
    d) Fourth Plan

  • 18. National Income - Quiz


    1. GNP=GDP+__________:
    a) Depreciation
    b) Indirect taxes
    c) NIFA
    d) Subsidies

    2. Personal disposable income means:
    a) Personal income – personal direct taxes
    b) Personal income – Net Indirect taxes
    c) Personal income + personal direct taxes
    d) Personal income + Net indirect taxes

  • 19. Tax System - Quiz


    1. Which of the following is an Indirect tax:
    a) Value Added Tax
    b) Gift Tax
    c) Wealth Tax
    d) Income Tax

    2. Fringe Benefit Tax came in ________.
    a) 1994-95
    b) 1995-96
    c) 2001-02
    d) 2005-06

  • 20. Population - Quiz


    1. What is the approximate life expectancy of the people in India in 2011
    a) 75
    b) 20
    c) 63.5
    d) 50

    2. The least density populated state of India is :
    a) Rajasthan
    b) Nagaland
    c) Gujrat
    d) M.P

  • 21. Poverty - Quiz


    1. 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

    2. According to the planning commission, how many average daily calories per person define the poverty calories per person define the poverty line in urban areas?
    a) 2100
    b) 2400
    c) 2700
    d) 3000

  • 22. Unemployment - Quiz


    1. Structural unemployment is due to :
    a) Inflationary conditions
    b) Heavy industry bias
    c) Shortage of Raw materials
    d) Inadequate production capacity

    2. The unemployment caused due to introduction of new machinery. Improvement in methods of production, Labour saving devices, etc.
    a) Structure unemployment
    b) Cyclical unemployment
    c) Disguised unemployment
    d) Technological unemployment

  • 23. Infrastructrual Challenges - Quiz


    1. NLM stands for:
    a) National Leprosy Mission
    b) National Logistic Mission
    c) National Literacy Mission
    d) National Law Mission

    2. The Indian Railways have a route length about _________ Kms:
    a) 62.5 thousand
    b) 64.6thousand
    c) 70 thousand
    d) 72 thousand

  • 24. Inflation - Quiz


    1. Fiscal policy refers to the policy relating to :
    a) Public Revenue
    b) Public expenditure
    c) Public debt
    d) All of the above

    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. _________ refers to public revenue, expenditure and allied matters
    a) Fiscal policy
    b) Monetary policy
    c) Economic policy
    d) None of these

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

  • 26. Balance of Payment - Quiz


    1. Which one of the following was not the immediate cause of 1991 economic crisis?
    a) Rapid growth of population
    b) Severe inflation
    c) Expanding fiscal deficit
    d) Rising current account deficit.

    2. Devaluation means :
    a) To reduce the value of home currency in other currency
    b) To appreciate the value of home currency
    c) To issue, new currency in place of old currency
    d) None of these

  • 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