Question:

Economics modes are

A.

Based on some realistic assumptions

B.

Based on hypothetical assumptions

C.

Scientifically tested

D.

Based on necessity

Answer» a. Based on some realistic assumptions

Question:

RBI check inflation by

A.

Increasing bank rate

B.

Increasing CRR

C.

Both

D.

None

Answer» c. Both

Question:

SLR stands for

A.

Short liquid rupee

B.

Statutory liquid ratio

C.

Statutory liquid Rupee

D.

Shorter long rung

Answer» b. Statutory liquid ratio

Question:

Choose the correct statement

A.

GPD at fc = GPD mp-IT +S

B.

GPD at fc = GDP mp-IT –S

C.

GDP at fc = GDP mp+IT+S

D.

GDP at fc = GDP mp+IT-S

Answer» a. GPD at fc = GPD mp-IT +S

Question:

How does a commercial bank create money

A.

By printing money

B.

By lending a part of its deposits

C.

By issuing ATM cards

D.

Accepting deposits

Answer» b. By lending a part of its deposits

Question:

Which of the following is/ are a non-economic resource

A.

Air

B.

Water

C.

Sunlight

D.

All the three

Answer» d. All the three

Question:

Nominal GDP is measured in ………………..prices

A.

Base year

B.

Current year

C.

1980

D.

2000

Answer» b. Current year

Question:

Which of these are not the duties of EXIM Bank?

A.

Lending/Guarantee

B.

Advisory

C.

Promotional

D.

Trading activities

Answer» d. Trading activities

Question:

Which of them is a characteristic of a price taker

A.

MR = Price

B.

AR = MR

C.

TR = PXQ

D.

All the three

Answer» d. All the three

Question:

From the following equation estimated consumption when disposal income is `1000 is C = `200+0.80Yd

A.

`1000

B.

`1100

C.

`900

D.

`800

Answer» a. `1000