Economics Quiz - Question & Answers Set - 2

Economics Quiz - Question & Answers Set - 2

Question 1 :
The major trade partner of India in the pre independent period was
USA
UK
USSR
AUSTRALIA

Question 2 :
The growing country is one with
rising GNP at constant prices
rising GNP at current prices
constant GNP at constant prices
none of the above

Question 3 :
A market economy is one in which
products are sold
products and factors are bought
products and factors are bought and sold
none of the above

Question 5 :
In India in the overall Index of Industrial Production, the indices of Eight core Industries have a

combined weight of 37.90%. Which of the following are among those Eight Industries?
- 1. Cement
- 2. Fertilizers
- 3. Natural gas
- 4. Refinery products
- 5. Textiles
Select the correct answer using the codes given below:
1 and 5 only
2, 3 and 4 only
1, 2, 3 and 4 only
1, 2, 3, 4 and 5

Question 6 :
The Reserve Bank of India (RBI) acts as a bankers' bank. This would imply which of the following?
- 1. Other banks retain their deposits with the RBI.
- 2. The RBI lends funds to the commercial banks in times of need.
- 3. The RBI advises the commercial banks on monetary matters.
Select the correct answer using the codes given below :
2 and 3 only
1 and 2 only
1 and 3 only
1, 2 and 3

Question 9 :
Which of the following would include Foreign Direct Investment in India?
- 1. Subsidiaries of companies in India foreign companies in India
- 2. Majority foreign equity holding Indian companies
- 3. Companies exclusively financed by foreign companies
- 4. Portfolio investment
Select the correct answer using the codes given below :
1, 2, 3, and 4
2 and 4 only
1 and 3 only
1, 2 and 3 only

Question 10 :
Consider the following statements:

The price of any currency in international market is decided by the
- 1. World Bank
- 2. demand for goods/services provided by the country concerned
- 3. stability of the government of the concerned country
- 4. economic potential of the country in question
Which of the statements given above are correct?
1, 2, 3 and 4
2 and 3 only
3 and 4 only
1 and 4 only

Question 11 :
The basic aim of Lead Bank Scheme is that
big banks should try to open offices in each district
there should be stiff competition among the various nationalized banks
individual banks should adopt particular districts for intensive developement
all the banks should make intensive efforts to mobilize deposits

Question 14 :
Which of the following terms indicates a mechanism used by commercial banks for providing credit to the government ?
Cash Credit Ratio
Debt Service Obligation
Liquidity Adjustment Facility
Statutory Liquidity Ratio

Model Question Papers

Union Bank of India PO 2008 English Language

Binder Grade II Logical Reasoning & Mathematics

KSIE Junior Assistant Logical Reasoning & Mathematics

Kerala PSC LDC Thrissur 2003 Logical Reasoning & Mathematics

Kerala PSC LDC Palakkad 2003 Logical Reasoning & Mathematics

Economics Quiz - Question & Answers Set - 2