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Home Questions & Answer General Knowledge Questions & Answers Economics Questions & Answers

Economics Questions & Answers (Compiled from UPSC, SSC ,PSC ,IBPS previous question papers)

Credit Rating
Ais used to rate the borrowers while giving advances

Bis used to work out performance of the employees.
Cis used to calculate the number of excellent audit rated branches.
Dis NOT used in any Bank.
Eis necessary before giving promotion to employees

To which business group did the Ambanis of Reliance Group sell their holding in Larsen and Toubro?
ARP Goenkas

Which one of the following factors influence working capital of a unit?
ASeasonally of operations only
BProduction Policy only

CSuppliers Term only
DOnly (1) and (2)
EAll (1), (2) & (3)

Under provisions of which one of the following Acts, the Reserve Bank of india has the power to regulate, supervise and control the banking sector?
ARBI Act
BBanking Regulation Act
CNegotiable Instrument Act
DRBI and Banking Regulation Act

ENone of these

Which one of the following may be the consequence of buying forex in the market by the RBI ?
AIt leads to inflation
B It leads to control over inflation
CIt does not affect inflation

DIt results into deflation
E None of these

As per recent newspaper reports, India's public debt rises 2.8 percent to Rs. 28 lakh crores. Which one of the following is the reason that has forced commercial banks 10 buy Government securities?
ALack of credit growth
BIncrease in credit growth
CRaising of repo rate
DRaising of reverse repo rate

ENone of these

For which one of the following reasons is an amendment in Companies Bill 2009 proposed?
ATo provide more powers to Department of Company Affairs
BTo provide regulatory powers to Department of Company Affairs
CTo make Indian Accounting Standards applicable with effect from 1.4.2011
DTo ensure smooth convergence of the Indian Accounting Standards with IFRS

ENone of these

Which one of the following has got RBI nod to issue pre-paid cards to its clients?
ALIC

An increasing finished good stock as % to sales of a manufacturing Company indicates that-

(A) the market is getting competitive.

(B) the quality of the goods is not upto the mark.

(C) the production cost has increased.

(D) the production has decreased.
AOnly (A) and (B)
BOnly (B) and (C)

Which one of the following has decided to give guarantee for infra loans?
AIDBI
BSBI
CIIFCL

DSIDBI
ENone of these
Explanation:

IIFCL-INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED

For which one of the following Loan Products 'teaser loans' are offered by Banks?
AEducation Loans
BCommercial Loans
CLoans against security of gold
DRetail Trade Loans
EHome Loans

Which one of the following tools is used by RBI for selective credit control?
AIt advises banks to lend against certain commodities

BIt advises banks to recall the loans for advances against certain commodities
CIt advises banks to charge higher rate of interest for advance against certain commodities
DIt discourages certain kinds of lending by assigning higher risk weights to loans it deems undesirable
ENone of these

Which one of the following foreign agencies will assist the municipal agencies to improve quality of municipal schools through its School Excellence Programmes (SEP) ?
AIMF
BUNDP
CUNICEF
DADB
ENone of these

On which one of the following 'Head of Expenses', the expenses of the Government of India are highest?
AFood subsidy

BFertilizer subsidy
CPradhan Mantri Gram SadakYojana
DMaintenance of national highways
EOil subsidy

Under provisions of which one of the following Acts, the RBI issues directives to the Banks in India?
ARBI Act

BBanking Regulation Act
CEssential Commodities Act
DRBI and Banking Regulation Act
ENone of these

Who among the folfowing Ministers will hold telecom portfolio in addition to his own portfolio till next reallotment?
AKamal Nath
BKapil Sibal

CMamta Banerjee
DNone of these

Which of the following carries out 'Open Market Operations?
AFinance Ministry
BExternal Affairs Ministry
CSecurities and Exchange Board of India

DPlanning Commission
EMinistry of Commerce

The Federation of Indian Chambers of Commerce and Industry(FICCI) was founded by?
ASinghania and Tata
BBirla and Takhurdas

CTata and Birla
DTata and Thakurdas

The National Bank for Agriculture and Rural Development was setup in:
A1979
B1980
C1981
D1982

How many banks were nationalised in 1969?
A10
B12
C14

D18

The Asian Development Bank has it Head Quarters at:
AManila

BSingapore
CTokyo
DBangkok

IRDP stands for
AAll India Rural Development Programme
BIntegrated Rural Development Programme

CIndian Rural Developmment Policy
DNone of these

India has adopted ______________ as its economic system to bring about a socialistic pattern of society.
ASocialism
BMixed economy

CCapitalism
DPolitical economy

Which statement is true?
AMoney is a good servant
BMoney is a good servant but bad a bad master

CMoney is a good master but a bad servant
DMoney is a good master and a good servant

National Income is
ANet National Product ├óÔé¼ÔÇ£ Indirect Taxes + Subsidies

BGross National Product ├óÔé¼ÔÇ£ Direct Taxes
CGross Domestic Product ├óÔé¼ÔÇ£ Imports
DNet Domestic Product + Products

Firms under perfectly competitive markets generally are
APrice makers

BPrice givers
CPrice takers
DPrice fixers

Among the following problems of developing countires, which one is not correct?
ALow level of technological development
BLack of diversification of economy
CHigh proportion of old age population

DWeak industrial base.

Which one of the following is not a direct determinant of demand?
ASavings

BIncome
CPrice of the commodity
D Taste

Division of labour is a concept advocated by
A Keynes
BMarshall
CSmith

DBaumol

When a leather industry discharges its waste in the river causing water pollution, the cost incurred on health hazards is called
AImplicit cost
BSocial cost

CPrivate cost
DOpportunity cost