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Indian Economy Set 2

  • 1.Over use of resource is called Tragedy of Commons.  It was propounded by:

    a 
    Garett Hardin
    b 
    Seligman
    c 
    Adolph wagner
    d 
    A.P Lernier

    Explanation:
    Subject: 
    GENERAL SCIENCE
    43.75% users answered right
    Correct Answer: a
    Comment · 0 · 
  • 2.
    Who was the head of the 10 th Finance Commission?

    a 
    Manmohan Singh
    b 
    Vasant Sathe
    c 
    Shiv-Shankar
    d 
    K.C Pant

    Explanation:
    Subject: 
    GENERAL SCIENCE
    53.33% users answered right
    Correct Answer: d
    Comment · 0 · 
  • 3.
    Multi-purpose river valley projects are the New temples of modern India.
    The above statements is made by:

    a 
    Motilal Nehru
    b 
    Mahatma Gandhi
    c 
    Rajiv Gandhi
    d 
    Jawaharlal Nehru

    Explanation:
    Subject: 
    GENERAL SCIENCE
    53.33% users answered right
    Correct Answer: d
    Comment · 0 · 
  • 4.

    Self-Reliance was the main objective of

    a 
    Fourth plan
    b 
    Seventh plan
    c 
    Third plan
    d 
    Sixth plan
     

    Explanation:
    Subject: 
    GENERAL SCIENCE
    33.33% users answered right
    Correct Answer: a
    Comment · 0 · 
  • 5.
    Social accounting system in India is classified into

    a 
    Income, product and expenditure
    b 
    Enterprise, households and government
    c 
    Assets, liabilities and debt position
    d 
    Public sector, Private sector and Joint sector

    Explanation:
    Subject: 
    GENERAL SCIENCE
    53.85% users answered right
    Correct Answer: a
    Comment · 0 · 
  • 6.

    Which Indian industry is employing large number of workers?

    a 
    Iron & Steel Industry
    b 
    Textile Industry
    c 
    Jute Industry
    d 
    Sugar Industry
     

    Explanation:
    Subject: 
    GENERAL SCIENCE
    35.29% users answered right
    Correct Answer: b
    Comment · 0 · 
  • 7.
    Which among the following statements is not true when there is an increase in interest rate is economy?

    a 
    increase in saving
    b 
    decrease in loan
    c 
    increase in production cost
    d 
    increase in capital return

    Explanation:
    Subject: 
    GENERAL SCIENCE
    35.71% users answered right
    Correct Answer: d
    Comment · 0 · 
  • 8.
    How the interest-level of a country is affected by FDI?

    a 
    increase
    b 
    decrease
    c 
    remains unaffected
    d 
    there is increase or decrease

    Explanation:
    Subject: 
    GENERAL SCIENCE
    23.08% users answered right
    Correct Answer: b
    Comment · 0 · 
  • 9.
    Which among the following has the least possibility of globalisation?

    a 
    selection of labour force
    b 
    location of capital works
    c 
    to manage resources for investment
    d 
    increase in infrastructure

    Explanation:
    Subject: 
    GENERAL SCIENCE
    18.18% users answered right
    Correct Answer: b
    Comment · 0 · 
  • 10.
    Personal disposable income is:

    a 
    always equal to personal income
    b 
    always more than personal income
    c 
    equal to personal income minus direct taxes paid by household
    d 
    equal to personal income minus indirect taxes.

    Explanation:
    Subject: 
    GENERAL SCIENCE
    50.00% users answered right
    Correct Answer: c
    Comment · 0 · 
  • 11.
    Indirect tax means:

    a 
    there is not direct relationship between the tax payer and the government
    b 
    direct relationship between tax payer and the government
    c 
    tax base is income
    d 
    the incidence and impact are on the same person on whom tax is imposed

    Explanation:
    Subject: 
    GENERAL SCIENCE
    72.73% users answered right
    Correct Answer: a
    Comment · 0 · 
  • 12.
    The major aim of devaluation is to:

    a 
    encourage imports
    b 
    encourage exports
    c 
    encourage both exports and imports
    d 
    discourage both exports and imports

    Explanation:
    Subject: 
    GENERAL SCIENCE
    53.85% users answered right
    Correct Answer: b
    Comment · 0 · 
  • 13.
    Says law of market holds that

    a 
    supply is not equal to demand
    b 
    supply creates its own demand
    c 
    demand creates its own supply
    d 
    supply is greater than demand

    Explanation:
    Subject: 
    GENERAL SCIENCE
    41.67% users answered right
    Correct Answer: b
    Comment · 0 · 
  • 14.
    A tax is characterised by horizontal equity if its liability is

    a 
    proportional to the income of tax payers
    b 
    similar for tax payers in similar circumstances
    c 
    proportional to the expenditure of tax payers
    d 
    the same for every tax payer

    Explanation:
    Subject: 
    GENERAL SCIENCE
    55.56% users answered right
    Correct Answer: a
    Comment · 0 · 
  • 15.
    Marginal efficiency of capital is

    a 
    expected rate of return on new investment
    b 
    expected rate of return of existing investment
    c 
    difference between rate of profit and rate of interest
    d 
    value of output per unit of capital invested

    Explanation:
    Subject: 
    GENERAL SCIENCE
    33.33% users answered right
    Correct Answer: a
    Comment · 0 · 
  • 16.
    Buoyancy of a tax is defined as

    a 
    percentage increase in tax revenue/percentage increase in tax base
    b 
    increase in tax revenue/percentage increase in tax coverage
    c 
    increase in tax revenue/increase in tax base
    d 
    percentage increase in tax revenue/increase in tax coverage

    Explanation:
    Subject: 
    GENERAL SCIENCE
    20.00% users answered right
    Correct Answer: c
    Comment · 0 · 
  • 17.
    Average Revenue means

    a 
    the revenue per unit of commodity sold
    b 
    the revenue from all commodities sold
    c 
    the profit realised from the marginal unit sold
    d 
    the profit realised by sale of all commodities

    Explanation:
    Subject: 
    GENERAL SCIENCE
    50.00% users answered right
    Correct Answer: a
    Comment · 0 · 
  • 18.
    Economic rent refers to

    a 
    Payment made for use of labour
    b 
    Payment made for use of capital
    c 
    Payment made for use of organisation
    d 
    Payment made for use of land

    Explanation:
    Subject: 
    GENERAL SCIENCE
    44.44% users answered right
    Correct Answer: d
    Comment · 0 · 
  • 19.
    What is referred to as Depository Services?

    a 
    A new scheme of fixed deposits
    b 
    A method of regulating stock exchanges
    c 
    An agency for safe-keeping of securities
    d 
    An advisory service to investors

    Explanation:
    Subject: 
    GENERAL SCIENCE
    28.57% users answered right
    Correct Answer: c
    Comment · 0 · 
  • 20.
    The marginal Utility Curve slopes downward from left to right indicating

    a 
    A direct relationship between marginal utility and the stock of commodity
    b 
    A constant relationship between marginal utility and the stock of commodity
    c 
    A proportionate relationship between marginal utility and the stock of commodity
    d 
    An inverse relationship between marginal utility and stock of commodity

    Explanation:
    Subject: 
    GENERAL SCIENCE
    16.67% users answered right
    Correct Answer: d
    Comment · 0 · 
  • 21.
    In equilibrium, a perfectly competitive firm will equate

    a 
    marginal social cost with marginal social benefit
    b 
    market supply with market demand
    c 
    marginal profit with marginal cost
    d 
    marginal revenue with marginal cost

    Explanation:
    Subject: 
    GENERAL SCIENCE
    12.50% users answered right
    Correct Answer: d
    Comment · 0 · 
  • 22.
    The incidence of sales tax falls on

    a 
    Consumers
    b 
    Wholesale dealers
    c 
    Retail dealers
    d 
    Products

    Explanation:
    Subject: 
    GENERAL SCIENCE
    50.00% users answered right
    Correct Answer: a
    Comment · 0 · 
  • 23.
    What is book building?

    a 
    Preparing the income and expenditure ledgers of a company (book-keepin
    b 
    Manipulating the profit and loss statements of a company
    c 
    A process of inviting subscribes to a public offer of securities, essentially through a tendering process
    d 
    Publishers` activity

    Explanation:
    Subject: 
    GENERAL SCIENCE
    44.44% users answered right
    Correct Answer: c
    Comment · 0 · 
  • 24.
    The method of calculating the national income by the product method is otherwise known as:

    a 
    Income method
    b 
    Value added method
    c 
    Expenditure method
    d 
    Net output method

    Explanation:
    Subject: 
    GENERAL SCIENCE
    22.22% users answered right
    Correct Answer: d
    Comment · 0 · 
  • 25.
    Enter preneurial probability is a special kind of labour that

    a 
    is hired out to firms at high wages
    b 
    organizes the process of production
    c 
    produces new capital goods to earn interest
    d 
    manages to avoid losses by continual innovation

    Explanation:
    Subject: 
    GENERAL SCIENCE
    16.67% users answered right
    Correct Answer: b
    Comment · 0 · 
  • 26.
    What is narrow money?

    a 
    The sum of currency in circulation and the demand deposits in banks
    b 
    The sum of MI money and the time deposits
    c 
    The sum of currency in circulation with the public and the cash reserves held by banks
    d 
    The markets value of the stocks held by all the holders excluding the promoters

    Explanation:
    Subject: 
    GENERAL SCIENCE
    44.44% users answered right
    Correct Answer: a
    Comment · 0 · 
  • 27.
    The main source of long-term credit for a business unit is

    a 
    Sale of stocks and bonds to the public
    b 
    borrowing from banks
    c 
    loans from the Government
    d 
    deposits from the public and financial institutions

    Explanation:
    Subject: 
    GENERAL SCIENCE
    71.43% users answered right
    Correct Answer: a
    Comment · 0 · 
  • 28.
    Transfer earning or alternative cost is otherwise known as

    a 
    Variable cost
    b 
    Implicit cost
    c 
    Explicit cost
    d 
    Opportunity cost (economic cos

    Explanation:
    Subject: 
    GENERAL SCIENCE
    62.50% users answered right
    Correct Answer: d
    Comment · 0 · 
  • 29.
    The best measure to assess a country s economic growth is

    a 
    per capita income at constant prices
    b 
    per capita income at current prices
    c 
    gross domestic product at current prices
    d 
    gross national product at current prices

    Explanation:
    Subject: 
    GENERAL SCIENCE
    62.50% users answered right
    Correct Answer: a
    Comment · 0 · 
  • 30.
    Demand of commodity mainly depends upon---

    a 
    Purchasing will
    b 
    purchasing power
    c 
    Tax policy
    d 
    Advertisement

    Explanation:
    Subject: 
    GENERAL SCIENCE
    55.56% users answered right
    Correct Answer: b
    Comment · 0 · 
  • 31.
    Basic infrastructure facilities in Economics are known as:

    a 
    Human capital
    b 
    Physical capital
    c 
    Social overheads capital
    d 
    Working capital

    Explanation:
    Subject: 
    GENERAL SCIENCE
    37.50% users answered right
    Correct Answer: c
    Comment · 0 · 
  • 32.
    According to Keynesian theory of income determination, at full employment, a fall in aggregate demand causes

    a 
    a fall in prices of output and resources
    b 
    a fall in real gross National product and employment
    c 
    a rise in real gross National product and investment
    d 
    a rise in prices of output and resources

    Explanation:
    Subject: 
    GENERAL SCIENCE
    44.44% users answered right
    Correct Answer: a
    Comment · 0 · 
  • 33.
    When marginal utility is zero the total utility is

    a 
    Minimum
    b 
    Increasing
    c 
    Maximum
    d 
    Decreasing

    Explanation:
    Subject: 
    GENERAL SCIENCE
    37.50% users answered right
    Correct Answer: c
    Comment · 0 · 
  • 34.
    Which unit of valuation is known as paper gold?

    a 
    Eurodollar
    b 
    Petrodollar
    c 
    SDR
    d 
    GDR

    Explanation:
    Subject: 
    GENERAL SCIENCE
    44.44% users answered right
    Correct Answer: c
    Comment · 0 · 
  • 35.
    Investment is equal to

    a 
    gross total of all types of physical capital of all types of physical capital assets
    b 
    gross total of all capital assets minus wear and tear
    c 
    stock of plants, machines and equipments
    d 
    None of these

    Explanation:
    Subject: 
    GENERAL SCIENCE
    28.57% users answered right
    Correct Answer: b
    Comment · 0 · 
  • 36.
    In a business , raw materials , components, work in progress and finished goods are jointly regarded as

    a 
    capital stock
    b 
    inventory
    c 
    investment
    d 
    net worth

    Explanation:
    Subject: 
    GENERAL SCIENCE
    44.44% users answered right
    Correct Answer: b
    Comment · 0 · 
  • 37.

    Operating Surplus arises in the

    a 
    Government Sector
    b 
    Production for self-consumption
    c 
    Subsistence farming
    d 
    Enterprise Sector
     

    Explanation:
    Subject: 
    GENERAL SCIENCE
    37.50% users answered right
    Correct Answer: d
    Comment · 0 · 
  • 38.
    Investment and savings are kept equal through a change in the level of

    a 
    Consumption
    b 
    Investment
    c 
    Government expenditure
    d 
    Income

    Explanation:
    Subject: 
    GENERAL SCIENCE
    42.86% users answered right
    Correct Answer: a
    Comment · 0 · 
  • 39.
    Dear money means

    a 
    low rate of interest
    b 
    high rate of interest
    c 
    depression
    d 
    inflation

    Explanation:
    Subject: 
    GENERAL SCIENCE
    55.56% users answered right
    Correct Answer: b
    Comment · 0 · 
  • 40.
    The sum total of incomes received for the services of labour, land or capital in a country is called:

    a 
    Gross domestic product
    b 
    National income
    c 
    Gross domestic income
    d 
    Gross national income

    Explanation:
    Subject: 
    GENERAL SCIENCE
    66.67% users answered right
    Correct Answer: c
    Comment · 0 · 
  • 41.
    Which of the following taxes is such which does not cause rise in price?

    a 
    Import duty
    b 
    Income tax
    c 
    Octoroi
    d 
    Sales tax

    Explanation:
    Subject: 
    GENERAL SCIENCE
    37.50% users answered right
    Correct Answer: b
    Comment · 0 · 
  • 42.
    Gresham s law means

    a 
    Good money replaces bad money in circulation
    b 
    Bad money replaces good money in circulation
    c 
    Good money promoters bad money in the system
    d 
    Bad money promoters good money in the system

    Explanation:
    Subject: 
    GENERAL SCIENCE
    55.56% users answered right
    Correct Answer: b
    Comment · 0 · 
  • 43.
    Bull and bear are related to which commercial activity?

    a 
    Banking
    b 
    E-commerce
    c 
    International trade
    d 
    Stock market

    Explanation:
    Subject: 
    GENERAL SCIENCE
    66.67% users answered right
    Correct Answer: d
    Comment · 0 · 
  • 44.
    The share broker who sells shares in the apprehension of falling prices of shares is called

    a 
    Bull
    b 
    Dog
    c 
    Bear
    d 
    Stag

    Explanation:
    Subject: 
    GENERAL SCIENCE
    55.56% users answered right
    Correct Answer: c
    Comment · 0 · 
  • 45.
    Devaluation makes import

    a 
    Competitive
    b 
    Inelastic
    c 
    Cheaper
    d 
    Dearer

    Explanation:
    Subject: 
    GENERAL SCIENCE
    28.57% users answered right
    Correct Answer: d
    Comment · 0 · 
  • 46.
    The fixed cost on such factors of production which are neither hired nor bought by the firm is called

    a 
    social cost
    b 
    opportunity cost
    c 
    economic cost
    d 
    surcharged cost

    Explanation:
    Subject: 
    GENERAL SCIENCE
    50.00% users answered right
    Correct Answer: a
    Comment · 0 · 
  • 47.

    The break-even point is where

    a 
    marginal revenue equals marginal cost
    b 
    average revenue equals average cost
    c 
    total revenue equals total cost
    d 
    None of these
     

    Explanation:
    Subject: 
    GENERAL SCIENCE
    25.00% users answered right
    Correct Answer: c
    Comment · 0 · 
  • 48.
    NIFTY is associated with

    a 
    Cloth Market Price Index
    b 
    Consumer Price Index
    c 
    BSE Index
    d 
    NSE Index

    Explanation:
    Subject: 
    GENERAL SCIENCE
    66.67% users answered right
    Correct Answer: d
    Comment · 0 · 
  • 49.
    One of the essential conditions of Monopolistic competition is

    a 
    Many buyers but one seller
    b 
    Price discrimination
    c 
    Product differentiation
    d 
    Homogenous product

    Explanation:
    Subject: 
    GENERAL SCIENCE
    37.50% users answered right
    Correct Answer: c
    Comment · 0 · 
  • 50.
    Gresham`s law is related to

    a 
    Consumption and demand
    b 
    Supply and demand
    c 
    Circulation of money
    d 
    Deficit financing
    Explanation:
    Subject: 
    GENERAL SCIENCE
    44.44% users answered right
    Correct Answer: c