Here is some Economics Questions Which of the following falls under micro economics? (a) National Income (b) General price level (c) Factor pricing (d) National saving and Investment 2. What is the value of elasticity of demand if the demand for the good is perfectly elastic? (a) 0 (b) 1 (c) Infinity (d) Less than 0 3. In long run all factors are a. fixed b. variable c. all factors remain unchanged d. none 4. Given the relation MR = P ( 1 - 1/e ) if e > 1, then : (a) MR > 0 (b) MR < 0 (c) MR = 0 (d) None 5. If a competitive firm doubles its output, its total revenue: (a) Doubles (b) more than doubles (c) less than doubles (d) cannot be determined because the price of the food may rise or fall 6. .EXIM bank was started on _____ a) 1972 b) 1988 c) 1982 d) 1998 7. The difference between the value of a nation’s visible exports and visible imports is called___ a) Balance of trade b) Balance of payments c) Balance of current account d) Balance of capital account 8. Which of the following is not a qualitative measure of credit control? a) Rationing of credit b) Change in cash reserve ratio c) Publicity and notification d) Regulation of consumer credit 9. Before financial reforms the banking sector characterized by the following features except a) High Revenue Requirements b) Quantitative credit restrictions c) Administered interest rate structure d) Keeping very less lendable resource for the priority sector 10. Deflation has a side effect of: i) Increase in unemployment ii) Increase in Demand iii) Economic depression iv)Increase in individual expenditure Which are correct? a) (i) & (ii) b) (ii) & (iv) c) (i) & (iii) d) All of the above 11. India’s Human Development Index is:- A. Low B. High C. Moderately high D. Moderately low 12. In India the government services are treated as _____ services. A. Final B. Intermediate C. Basic D. None of above 13. Expenditure on foreign financial assets is included in national income under the expenditure method on:- A. Gross basis B. Net basis C. Real time basis D. None of the above 14. The cash compensatory scheme was abolished in_______. A. 1990 B. 1991 C. 1992 D. 1993 15. The procedures adopted by GOI for disinvestment have suffered from_________ A. Hastiness B. Half hearted attempts C. Adhocism D. All of above 16. If there is a surplus in balance of payments:- A. It adds to external reserves of a country (B) It adds to internal reserves of a country C. It reduces external reserves (D) It reduces internal reserves 17. Telephone penetration in India is:- A. 16.8% B. 18.6% C. 20.6% D. 21% 18. . Life expectancy at birth in India compares ______ with that of developed economies. A. Badly B. Well C. Very well D. Excellent 19. Who has given the following definition “Money is what money does” (a) Engine B. Walker C. Crowther D. None of the above 20. WTO has legal personality (True/False) A. True B. False C. Can’t say D. none of above
Posted on: Tue, 11 Mar 2014 04:15:18 +0000
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