Question:

Exchange Control and Management is done by

A.

RBI

B.

As per Defence of India Act

C.

SBI

D.

IDBI

Answer» a. RBI

Question:

Which of these is not land in economics

A.

Tehri Dam

B.

Forest reserves of Assam

C.

Fish reserves in the Bay of Bengal

D.

Herbal plant of Uttaranchal

Answer» a. Tehri Dam

Question:

………….. is a situation in which it is not possible to make someone better off without making someone worse off

A.

Social efficiency

B.

Production efficiency

C.

Distribution efficiency

D.

Pareto efficiency

Answer» d. Pareto efficiency

Question:

In agricultural sector net value added is estimated by

A.

Income method

B.

Expenditure method

C.

Production method

D.

All the three

Answer» c. Production method

Question:

For a monopoly firm market demand curve is

A.

Marginal revenue curve itself

B.

Average Revenue curve itself

C.

Marginal cost curve

D.

None

Answer» b. Average Revenue curve itself

Question:

Based on the data given in question No. 401. NNP at factor cost

A.

84,430

B.

87000

C.

86540

D.

88000

Answer» a. 84,430

Question:

Which of these is not a function of money?

A.

Means of exchange

B.

Store value

C.

Power indicator

D.

Measurement of value

Answer» c. Power indicator

Question:

Which of the following is a central problem of every economy

A.

Abundance of resources

B.

Scarcity of economic resources

C.

Poverty

D.

Moral and ethical values

Answer» b. Scarcity of economic resources

Question:

Which of these is not a part of GDP for the year 2006?

A.

Earning of an International fashion show organized in Delhi

B.

Sale of ticket for Republic day parade.

C.

Fee of a practicing Chartered Accountant

D.

A house built in 2000 and first sold in 2006

Answer» d. A house built in 2000 and first sold in 2006

Question:

GDP can be defined as sum of the market value of the………..

A.

Final manufactured goods and services

B.

Intermediate goods

C.

Goods and services exported

D.

Sub-standard goods and discarded services

Answer» a. Final manufactured goods and services