Question:

If RBI wants to decrease the money supply in order to check inflation it will

A.

Sell bonds

B.

Increase CRR

C.

Hike bank rate

D.

All or any of the above three

Answer» d. All or any of the above three

Question:

Which of these are not included in territory sector?

A.

Banking

B.

Insurance

C.

Agriculture

D.

Transport

Answer» c. Agriculture

Question:

Based on the data given in question No. 401.NDP at MP

A.

88,430

B.

93460

C.

86540

D.

88000

Answer» b. 93460

Question:

Human wants are

A.

Unsatisfiable

B.

Unlimited

C.

Undefined

D.

Limited

Answer» b. Unlimited

Question:

National income is the ……………. Of all the goods and services produced by a country during a period of year

A.

Physical quantity

B.

Money value

C.

`Value

D.

All the three

Answer» b. Money value

Question:

The terms Micro economic and Macro economics were coined by

A.

Professor A Samulson

B.

Giffen

C.

Prof. Ragner Frisch

D.

Eagle

Answer» c. Prof. Ragner Frisch

Question:

Which of the following is not a central problem of a society

A.

What to produce

B.

How to produce

C.

For whom to produce

D.

Where to produce

Answer» d. Where to produce

Question:

Long-term equilibrium of an Industry under a perfectly market conditions in achieved when

A.

All the firms are earning normal profit

B.

All the firms are in equilibrium

C.

There is no further entry or exit of firms from the industry

D.

All the three

Answer» d. All the three

Question:

The paradox of Diamond is more costly than water is explained by

A.

Marginal utility concept

B.

Scarcity

C.

Relative cost of production

D.

All the three

Answer» b. Scarcity

Question:

EXIM Bank was established in

A.

Jan. 1982

B.

March 1984

C.

Fe(b) 2001

D.

August 1975

Answer» a. Jan. 1982