Class/Course - CA - CPC

Subject - General Economics

Total Number of Question/s - 3449


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  • 1. Theory of Demand - Quiz

    1. If demand is parallel to x-axis, what will be the nature of elasticity?
    a) Perfectly elastic
    b) Inelastic
    c) Elastic
    d) Highly elastic

    2. The commodity whose demand is associated with the name of Sir Robert Giffen?
    a) Necessary good
    b) Luxury good
    c) Inferior good
    d) Ordinary good

  • 2. Theory of Consumer Behaviour - Quiz

    1. Incase of a right angled indifference curve the goods are:
    a) Perfect complements
    b) Perfect substitutes
    c) Inferior goods
    d) Giffen goods

    2. Indifference curves never intersect each other due to:
    a) Different levels of satisfaction
    b) Same levels of satisfaction
    c) Convex to origin
    d) Concave to origin

  • 3. Theory of Supply - Quiz

    1. A perfectly inelastic supply curve will be
    a) Parallel to X-axis
    b) Parallel to Y-axis
    c) Downward sloping
    d) None of these

    2. 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

  • 4. Theory of Production - Quiz

    1. Isoquants are equal to :
    a) Product Lines
    b) Total utility Lines
    c) Cost lines
    d) Revenue lines

    2. An Isoquant is ________ to an iso cost line at equilibrium point:
    a) Convex
    b) Concave
    c) Tangent
    d) Perpendicular

  • 5. Theory of Cost - Quiz

    1. What will be the AFC of 3 units of Output as per table given below?
    Output   0   1   2  3
    Total Cost (in Rs.) 300 1,000 2,500 3,000

    a) 100
    b) 1,000
    c) 200
    d) 400

    2. Which of the following curve is not U shaped?
    a) AFC
    b) AVC
    c) MC
    d) TC

  • 6. Market - Quiz

    1. 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

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

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

  • 8. Price and Output Determination - Quiz

    1. Kinked demand hypothesis is designed to explain ________ in context of oligopoly.
    a) Price and Output Determination
    b) Price Rigidity
    c) Collusion between firm
    d) All of the above

    2. The price discrimination under monopoly will be possible under which of the following conditions?
    a) The seller has no control over the supply of his product
    b) The market has the same condition all over
    c) The price elasticity of demand is different in different markets
    d) The price elasticity of demand is uniform

  • 9. Introduction to Microeconomics - Quiz

    1. Under Inductive method, the logic proceeds from:
    a) General to particulars
    b) Particular to general
    c) Both (a) and (b)
    d) None

    2. Production Possibility Curve is also known as:
    a) Demand Curve
    b) Transformation Curve
    c) Supply Curve
    d) Indifference Curve

  • 10. Money - Quiz

    1. The issue of one rupee currency note in India is the liability of the :
    a) Issue Department of the RBI
    b) Government of India
    c) State Bank of India
    d) Banking department of the RBI

    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. In India Statutory Liquidity Ratio is :
    a) 15%
    b) 20%
    c) 23%
    d) 30%

    2. ___________ controls affects indiscriminately all sectors of the economy?
    a) Select credit control
    b) Quantitative control 
    c) Margin requirement.
    d) None of these.

  • 12. Reserve Bank of India - Quiz

    1. The rate at which discounting of bills of first class is done by RBI is called
    a) Bank rate
    b) Prime Lending rate
    c) Repo rate
    d) None of the above

    2. Which of the following is not qualitative credit control measure of the RBI?
    a) Capital Rationing
    b) Moral Suasion
    c) SLR
    d) Margin requirement

  • 13. Economic Reforms in India - Quiz

    1. At present, the responsibility for the provision of finance for Agriculture trade and small scale industries has been handed over to_____.
    a) SBI
    b) NABARD
    c) NABARD and SIDBI
    d) NABARD, EXIM BANK & SIDBI

    2. FERA stands for :
    a) Foreign exchange resources act
    b) Funds exchange resources act
    c) Foreign exchange regulation act
    d) Finance and export regulation association

  • 14. Liberalisation, Privatization and Disinvestment - Quiz

    1. EPCG stands for _________ :
    a) Export Promotion capital goods
    b) Expert Programmer for Credit Generation
    c) Exchange Programmer for Consumer goods
    d) Export Promotion Consumer Goods

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

  • 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. In which year the EXIM Bank was set up?
    a) 1972
    b) 1982
    c) 1988
    d) 1998

  • 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. Which index is used to measure the inequality of income and wealth?
    a) Ginni index
    b) Cost index
    c) Growth index
    d) Economic Index

  • 17. Role of Different Sectors - Quiz

    1. The main object of Regional Rural Banks is to provide credit to:
    a) Rural people
    b) Weaker sections of the society
    c) Weaker sections of the rural population
    d) All the people of society.

    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. Real National Income means national income measured at:
    a) Constant Prices
    b) Current Prices
    c) Wholesale Prices
    d) Retail Prices

    2. GDP at factor cost + GDP at market price
    –(minus) _________ +(plus) subsidies
    a) Direct taxes
    b) Indirect taxes
    c) Income from abroad
    d) Foreign debts.

  • 19. Tax System - Quiz

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

    2. What is the nature of Income tax?
    a) Direct and Progressive
    b) Indirect and progressive
    c) Indirect and regressive
    d) Direct and regressive

  • 20. Population - Quiz

    1. Life expectancy of birth in India in 2011 is :
    a) 63.5
    b) 68.3
    c) 59.7
    d) 75.2

    2. The rate of economic development is
    a) Rate of capital formation
    b) Technological progress
    c) Capital output ratio
    d) All of the above.

  • 21. Poverty - Quiz

    1. Which plan set a target of reduction in poverty ratio to 19.3 percent by 2007?
    a) Fifth Plan
    b) Second Plan
    c) Eigth Plan
    d) Tenth plan

    2. The percentage of population living below the poverty line has been estimated in the 2004-05 at:
    a) 20
    b) 22
    c) 30
    d) 36

  • 22. Unemployment - Quiz

    1. The measure of National rural Employment Guarantee Bill is applicable to whole of India except _________:
    a) J&K
    b) Bihar
    c) Mizoram
    d) U.P

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

  • 23. Infrastructrual Challenges - Quiz

    1. NLM aimed at imparting functional literacy to non-literates in the age group of :
    a) 15-39 years
    b) 25-35 years
    c) 15-35 years
    d) 20-40 years

    2. On an estimate electricity generation is about ________ in 2005-06:
    a) 137500MW
    b) 236000MW
    c) 33300MW
    d) 74700 MW

  • 24. Inflation - Quiz

    1. Which of the following groups suffers the most from inflation?
    a) Debtors
    b) Creditors
    c) Businessmen
    d) Holders of real assets

    2. To reduce the value of domestic currency in terms of foreign currency is known as:
    a) Appreciation
    b) Devaluation
    c) Depreciation
    d) None of the above.

  • 25. Budget and Fiscal Deficits - Quiz

    1. 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

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

  • 26. Balance of Payment - Quiz

    1. 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

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

    2. 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