Indian Economy
1. Q: Sudden decrease of birth rate would cause
A. Increase in per capita income
B. Increase in investment
C. Increase in savings
D. Increase in loan requests
Ans: A. Increase in per capita income
2. Q: Which one among following is not a fixed capital?
A. Tools
B. Machines
C. Building
D. Money
Ans: D. Money
3. Q: The per capita income in India was ₹20 in 1857-68, was ascertained the first time by
A. Dadabhai Naoroji
B. M G Ranade
C. Gopal Krishna Gokhale
D. R C Datta
Ans: A. Dadabhai Naoroji
4. Q: Who is the Governor of Reserve Bank of India?
A. D Subbarao
B. Raghuram Rajan
C. Manmohan Singh
D. Urjit Patel
Ans: D. Urjit patel
5. Q: Which of the following could cause a decrease in hidden unemployment?
A. An increase in the general level of employment
B. An increase in the level of cyclical employment
C. An increase in the number of discouraged workers
D. An increase in the labour force participation rate
Ans: A. An increase in the general level of employment
6. Q: Poverty in less developed countries is largely due to
A. Idleness of its citizen
B. Income inequality
C. Lack of social activities
D. Lack of intelligence of the people
Ans: B. Income inequality
7. Q: Which indicators are used to calculate the Human Development Index (HDI)?
A. Population Growth, Per capita GDP Life Expectancy
B. Population Growth, Infant Mortality Rate, Malnutrition
C. Life Expectancy, educational Attainment, Per Capita GDP
D. Current Account Balance, Infant Mortality Rate, Educational Attainment
Ans: C. Life Expectancy, educational Attainment, Per Capita GDP
8. Q: What might lead to a reduction of a budget surplus?
A. An increase in tax rates
B. An increase in economic activity
C. An increase in transfer payments
D. Privatization of a public enterprise
Ans: B. An Increase in economic activity
9. Q: Which of the following is not a type of cheque?
A. Crossed cheque
B. Bank cheque
C. Speed cheque
D. Bearer cheque
Ans: C. Speed cheque
10. Q: The terms ‘bull’ and ‘bear’ are used in
A. Planning commission
B. Stock Exchange
C. Sales Tax Department
D. Income Tax Department
Ans: B. Stock Exchange