Class/Course - CA - CPC

Subject - General Economics

Total Number of Question/s - 3449

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  • 1. Theory of Demand - Quiz

    1. Bricks for houses is an example of which kind of demand?
    a) Composite
    b) Competitive
    c) Joint
    d) Derived.

    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. Indifference curves are convex to the origin because they are based on:
    a) Increasing marginal rate of substitution
    b) Diminishing marginal rate of substitution
    c) Constant marginal rate of substitution
    d) Zero marginal rate of substitution

    2. When indifference curve is L – shaped then two goods will be _____
    a) Complimentary goods
    b) Substitute goods
    c) Perfect substitute goods
    d) Perfect complimentary goods

  • 3. Theory of Supply - Quiz

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

    2. The supply of the commodity implies?
    a) Total Output during a specified period
    b) Its total stock
    c) Its stock available for sale
    d) Its Quantity Offered for sale at a particular price per unit of time

  • 4. Theory of Production - Quiz

    1. Which function shows relationship between input and output?
    a) Consumption function
    b) Investment function
    c) Production function
    d) Cost function

    2. Law of increasing returns is applicable because of ________
    a) Indivisibility of factors
    b) Specialization.
    c) Economies of scale
    d) Both (a) & (b) above

  • 5. Theory of Cost - Quiz

    1. Average Revenue Curve is also known as _________.
    a) Profit Curve
    b) Demand Curve.
    c) Supply Curve
    d) Average Cost Curve

    2. In the long run all factors are-----
    a) Fixed
    b) Variable
    c) All factors remain unchanged
    d) None.

  • 6. Market - Quiz

    1. In perfect competition, since the firm is a price taker, the _______ curve is a straight line:
    a) Marginal cost
    b) Total cost
    c) Total revenue
    d) Marginal revenue

    2. Firms in a monopolistic market are price ________.
    a) Takers
    b) Givers
    c) Makers
    d) Acceptors

  • 7. Determination of Price - Quiz

    1. An increase in supply with demand remaining the same, brings about.
    a) An increase in equilibrium quantity and decrease in equilibrium price
    b) An increase in equilibrium price and decrease in equilibrium quantity.
    c) Decrease in both equilibrium price and quantity
    d) None of these

    2. 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

  • 8. Price and Output Determination - Quiz

    1. A monopolist can fix:
    a) Both price and output
    b) Either price or output
    c) Neither price of output
    d) None of the above

    2. In oligopoly, the kink on the demand curve is more due to _________
    a) Discontinuity in MR
    b) Discontinuity in AR
    c) Fulfillment of the assumption that a price cut is followed by others and a price increase by a firm is not followed by others
    d) Price war amongst the firms

  • 9. Introduction to Microeconomics - Quiz

    1. In inductive method, logic proceeds from:
    a) General to Particular
    b) Particular to General
    c) Both (a) and (b)
    d) None of these.

    2. What will be the shape of PPC Curve when marginal opportunity cost is constant?
    a) Concave.
    b) Convex
    c) Backward bending
    d) Straight line

  • 10. Money - Quiz

    1. M3 is :
    a) Currency with public + demand deposits of the public
    b) M1 + M2
    c) M1 + Time deposits of the public with bank
    d) All of these

    2. Broad Money refers to _________:
    a) M1
    b) M2
    c) M3
    d) M4

  • 11. Commercial Banks - Quiz

    1. ___________ refers to that portion of total deposits with a commercial bank has to keep with the central bank:
    a) SLR
    b) Bank rate
    c) CRR
    d) None

    2. __________ is the rate at which the central bank discounts the bills of commercial banks:
    a) SLR
    b) Bank rate
    c) CRR
    d) Wong

  • 12. Reserve Bank of India - Quiz

    1. The Reserve Bank of India issues all currency notes except:
    a) 500 Rupee note
    b) 100 Rupee Note
    c) 10 Rupee note
    d) 1 Rupee note

    2. 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.

  • 13. Economic Reforms in India - Quiz

    1. SEBI is a ________.
    a) Statutory Body
    b) Advisory Body
    c) Constitution Body
    d) None of the above

    2. IIFT stands for :
    a) International institute for financial transactions
    b) Indian institute of foreign trade
    c) Indian institute for free trade
    d) International institute for free trade

  • 14. Liberalisation, Privatization and Disinvestment - Quiz

    1. The Foreign trade Policy has _______
    a) Identified certain thrust areas for growth
    b) Started served from India brand
    c) Started duty free export credit
    d) All of above

    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. The other name of World Bank is :
    a) IDA
    b) IFC
    c) IBRD
    d) All of these

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

  • 16. Indian Economy - Quiz

    1. To measure the inequality of income and wealth generally which of these is used:
    a) Human development index
    b) Gini index
    c) Per capita income
    d) National income

    2. Over the years, per capita income is:
    a) Increasing
    b) Decreasing
    c) Constant
    d) Galloping

  • 17. Role of Different Sectors - Quiz

    1. Tourism industry comes under _______
    a) Primary sector
    b) Secondary sector
    c) Tertiary sector
    d) Foreign sector

    2. Commercial Banks are the part of
    a) Primary sector
    b) Secondary sector
    c) Tertiary sector
    d) None of the above.

  • 18. National Income - Quiz

    1. Transfer payments refer to payments, which are made:
    a) Without any exchange of goods and services
    b) To workers on transfer from one job to another
    c) As compensation to employees
    d) None

    2. Net Domestic Product (NDP) = Gross Domestic Product (GDP) minus ______.
    a) NFIA
    b) IT
    c) Depreciation
    d) Transfer payment.

  • 19. Tax System - Quiz

    1. Corporate tax is levied on the incomes of ________.
    a) Registered companies and corporations
    b) Individuals and HUFs
    c) Both (a) and (b)
    d) None of the above

    2. Excise duty is levied on _______.
    a) Sales
    b) Production
    c) Services
    d) None of these.

  • 20. Population - Quiz

    1. Which of the following factor has not contributed to the fall in the death rate of India
    a) Expanded medical facilities
    b) Spread of Education
    c) Absence of big families in post independent India
    d) Abolition of joint family system

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

  • 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. JGSY programme of poverty alleviation was submerged into_______:
    a) SGRY
    b) NFFWP
    c) PMGSY
    d) All of above

  • 22. Unemployment - Quiz

    1. 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

    2. 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

  • 23. Infrastructrual Challenges - Quiz

    1. When was Personal Identification Number (PIN) introduced:
    a) 1970
    b) 1972
    c) 1974
    d) 1976

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

  • 24. Inflation - Quiz

    1. The combined phenomenon of stagnation and inflation is _______.
    a) Deflation
    b) Demand – pull inflation
    c) Cost – push inflation
    d) Stagflation

    2. Demand pull inflation is caused by:
    a) Increased money expenditure
    b) Increased cost of factors
    c) Both
    d) None

  • 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. If borrowing and order liabilities are added to the budget deficits we get ______:
    a) Fiscal deficit
    b) Primary deficit
    c) Capital deficit
    d) Revenue Deficit

  • 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. A balance of payment deficit can be removed through
    a) Devaluation of currency
    b) Vigorous export promotion
    c) Import substitution
    d) All of the above.

  • 27. External Debt - Quiz

    1. About __________% of external assistance has been in the form of loans.
    a) 90
    b) 50
    c) 70
    d) 80

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