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Part 045 – Macro Economics Previou...

Q1. Which of the following is not an economic activity ?(a) A labourer working in a factory.(b) A CRPF jawan guarding country’s borders.(c) A teacher teaching his own son.(d) A ... Read More

Part 044 – Macro Economics Previou...

Q1. The ‘sunrise industries’ imply(a) petrochemicals and electronics industry(b) sunflower oil industry(c) computer industry(d) chemical industryAns: (a) Sunrise Industry is a colloquial term for a sector or business that is ... Read More

Part 043 – Macro Economics Previou...

Q1. The monetary policy is India is formulated by(a) Central Government(b) Industrial Financial Corporation of India(c) Reserve Bank of India(d) Industrial Development Bank of IndiaAns: (c) Monetary policy is the ... Read More

Part 042 – Macro Economics Previou...

Q1. On the administered price of which of the following articles no subsidy is given ?(a) DAP (b) ATF(c) LPG (d) Kerosene oilAns: (b) In India, no subsidy is given ... Read More

Part 041 – Macro Economics Previou...

Q1. Freeing the economy from all unnecessary controls and regulations is referred to as(a) Freedom(b) Privatisation(c) Liberalisation(d) GlobalisationAns: (c) Economic liberalization is a very broad term that usually refers to ... Read More

Part 040 – Macro Economics Previou...

Q1. ‘Residex’ is associated with(a) Share prices(b) Price inflation(c) Mutual fund prices(d) Land pricesAns: (d) The RESIDEX was first launched in 2007 by the National Housing Bank (NHB) to provide ... Read More

Part 039 – Macro Economics Previou...

Q1. Regulated markets aim at the development of the marketing structure to(a) widen the price spread between the producer and the consumer(b) narrow down the price spread between the producer ... Read More

Part 038 – Macro Economics Previou...

Q1. Green banking means(a) development of forestry by banks(b) financing of environmental friendly projects by banks(c) financing of irrigation projects by banks(d) None of the aboveAns: (b) Green banking is ... Read More

Part 037 – Macro Economics Previou...

Q1. Who are the creditors of a Corporation ?(a) Bond holders(b) Stock holders(c) Both Bond and Stock holders(d) Holders of preferred stockAns: (c) A creditor is a party (e.g. person, ... Read More

Part 036 – Macro Economics Previou...

Q1. Value-added means value of(a) output at factor cost(b) output at market prices(c) goods and services less depreciation(d) goods and services less cost of intermediate goods and servicesAns: (d) Value ... Read More

Part 035 – Macro Economics Previou...

Q1. A mixed economy refers to an economic system where(a) The economy functions with foreign collaboration(b) Only the private sector operates under government control(c) Both the government and the private ... Read More

Part 034 – Macro Economics Previou...

Q1. Which of the following is not viewed as national debt ?(a) Life Insurance Policies(b) Long-term Government Bonds(c) National Savings Certificates(d) Provident FundAns: (a) Government debt (also known as public ... Read More

Part 033 – Macro Economics Previou...

Q1. The supply-side economics lays greater emphasis on(a) Producer(b) Global economy(c) Consumer(d) Middle ManAns: (a) Supply-side economics emphasizes economic growth achieved by tax and fiscal policy that creates incentives to ... Read More

Part 032 – Macro Economics Previou...

Q1. An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.(a) same (b) higher(c) lower (d) minimumAns: (a) An indifference curve may be ... Read More

Part 031 – Macro Economics Previou...

Q1. When will demand become a grant?(a) When a demand is proposed(b) After the discussion on demand is over(c) After the demand is granted(d) When the budget session is closed.Ans: ... Read More

Part 030 – Macro Economics Previou...

Q1. One of the features of a free market economy is(a) active state intervention(b) public ownership of factors of production(c) rationing and price control(d) consumer’s sovereignty Ans: (d) Consumer Sovereignty ... Read More

Part 029 – Macro Economics Previou...

Q1. Production of a commodity mostly through the natural process is an activity of(a) Primary Sector(b) Secondary Sector(c) Tertiary Sector(d) Technology SectorAns: (a) The primary sector of the economy is ... Read More

Part 028 – Macro Economics Previou...

Q1. Transfer payments include :(a) Gifts received from a friend(b) rent free accommodation by the employer(c) net factor income from abroad(d) Employee's contribution to social securityAns: (d) A transfer payment ... Read More

Part 027 – Macro Economics Previou...

Q1. According to the classical system, saving is a function of(a) Income(b) The interest rate(c) The real wage(d) The Price levelAns: (a) Saving function is a mathematical relation between saving ... Read More

Part 026 – Macro Economics Previou...

Q1. The term ‘Green GNP’ emphasises(a) rapid growth of GNP(b) increase in per capita income(c) economic development(d) sustainable developmentAns: (d) The gross national product (GNP) measures the welfare of a ... Read More

Part 025 – Macro Economics Previou...

Q1. Which among the following statements is not true when there is an increase in interest rate in an economy ?(a) increase in saving(b) decrease in loan(c) increase in production ... Read More

Part 024 – Micro Economics Previou...

Q1. If the average revenue is a horizontal straight line, marginal revenue will be(a) U shaped(b) Kinked(c) Identical with average revenue(d) L shaped Ans: (c) The price of a good ... Read More

Part 023 – Micro Economics Previou...

Q1. Third stage of Law of Variable Proportion is called(a) negative returns(b) positive returns(c) constant returns(d) increasing returnsAns: (a) The stages of Law of Variable Proportion are: Stage 1: Increasing ... Read More

Part 022 – Micro Economics Previou...

Q1. In a perfectly competitive market, a firm’s(a) Average Revenue is always equal to Marginal Revenue(b) Marginal Revenue is more than Average Revenue(c) Average Revenue is more than Marginal Revenue(d) ... Read More

Part 021 – Micro Economics Previou...

Q1. Under perfect competition, the industry does not have any excess capacity because each firm produces at the minimum point on its(a) long-run marginal cost curve(b) long-run average cost curve(c) ... Read More

Part 020 – Micro Economics Previou...

Q1. The difference between the price the consumer is prepared to pay for a commodity and the price which he actually pays is called(a) Consumer’s Surplus(b) Producer’s Surplus(c) Landlord’s Surplus(d) ... Read More

Part 019 – Micro Economics Previou...

Q1. The demand for which of the following commodity will not rise in spite of a fall in its price?(a) Television (b) Refrigerator(c) Salt (d) MeatAns: (c) For certain goods ... Read More

Part 018 – Micro Economics Previou...

Q1. The Law of Demand expresses(a) effect of change in price of a commodity on its demand(b) effect of change in demand of a commodity on its price(c) effect of ... Read More

Part 017 – Micro Economics Previou...

Q1. In the law of demand, the statement “Other things remain constant” means(a) income of consumer should not change(b) price of other goods should not change(c) taste of consumer should ... Read More

Part 016 – Micro Economics Previou...

Q1. Which of the following most closely approximates our definition of oligopoly ?(a) The cigarette industry.(b) The barber shops(c) The gasoline stations(d) Wheat farmersAns: (a) An oligopoly is a market ... Read More

Part 015 – Indian Economy Previous...

Q1. Redistribution of income in a country can be brought about through(a) Progressive taxation combined with progressive expenditure(b) Progressive taxation combined with regressive expenditure(c) Regressive taxation combined with regressive expenditure(d) ... Read More

Part 014 – Indian Economy Previous...

Q1. The industry having the largest investment in Indian Economy is(a) Tea (b) Cement(c) Steel (d) JuteAns: (c) The iron and steel industry accounts for the largest investment in Indian ... Read More

Part 013 – Indian Economy Previous...

Q1. India’s share in total global trade in value terms is:(a) less then 1% but more than 1 2 %(b) more than 2%(c) less than 1 2 %(d) between 1% ... Read More

Part 012 – Indian Economy Previous...

Q1. SIDBI stands for :(a) Small Industrial Designed Bank of India(b) Small Industries Development Bank of India(c) Small Innovations Development Banker’s Institute(d) Small Industries Development Banker Institute Ans: (b) SIDBI ... Read More

Part 011 – Indian Economy Previous...

Q1. Small farmers in the country have been defined as those farmers having land holding of(a) below one hectare(b) one to two hectare(c) two to three hectare(d) three to four ... Read More

Part 010 – Indian Economy Previous...

Q1. Which of the following does not form a part of the foreign exchange reserves of India ?(a) Gold (b) SDRs(c) Foreign currency assets(d) Foreign currency and securities held by ... Read More

Part 009 – Indian Economy Previous...

Q1. Monetary policy in India is formulated by :(a) Finance Ministry(b) RBI(c) SEBI (d) CLBAns: (b) The Reserve Bank of India formulates Monetary Policy in India.Q2. Who amongst the following ... Read More

Part 008 – Indian Economy Previous...

Q1. Which of the following is not the source of the revenue of central Government?(a) Income Tax(b) Corporate Tax(c) Agricultural Income Tax(d) Excise DutyAns: (c) The shareable central taxes include ... Read More

Part 007 – Indian Economy Previous...

Q1. The concept of mixed economy means(a) to have balanced development in the agricultural and industrial sector(b) simultaneous development of the rural and urban sector(c) to have equal distribution of ... Read More

Part 006 – Indian Economy Previous...

Q1. Where is the biggest private sector power project in India located?(a) Rajahmundry in Andhra Pardesh(b) Neyveli in Tamil Nadu(c) Korba in Madhya Pradesh(d) Dabhol in MaharashtraAns: (*) Tata Power, ... Read More

Part 005 – Indian Economy Previous...

Q1. Which plan gave emphasis on removal of poverty for the first time ?(a) Fourth (b) Fifth(c) Sixth (d) SeventhAns: (b) The Fifth Five-Year Plan (1974–1979) laid stress on employment, ... Read More

Part 004 – Indian Economy Previous...

Q1. Which of the following has the sole right of issuing currency (except one rupee coins and notes) in India ?(a) The Government of India(b) The Planning Commi-ssion(c) The State ... Read More

Part 003 – Indian Economy Previous...

Q1. Consider the following statements :a. NTPC has diversified to hydropower sectorb. Power Grid Corporation has diversified into telecom sector.Which of the statements below is correct ?(a) Only a (b) ... Read More

Part 002 – Indian Economy Previous...

Q1. The Government of India made it obligatory on the part of all commercial banks that they should give some cash amount while purchasing Government bonds. What would you call ... Read More

Part 001 – Indian Economy Previous...

Q1. To achieve high rates of growth of national output, the economy has to(a) reduce the rate of growth of population(b) borrow foreign capital(c) step up the rate of savings(d) ... Read More
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