Quiz 200 : Indian Economy : Some Basic Concepts of Macro-Economics for all examinations
1.Which among the following is not a character of a underdeveloped economy?
(A)low per capita income
(B)low rate of capital formation
(C)working force largely in the tertiary sector
2.Which among the following is not an indicator of Human Development Index?
3.India is an underdeveloped economy. Which among the following is not a direct reason for this?
(A)Coexistence of pvt and public sector
(C)poor techniques of production
4.Which among the following is not an objective of long term planning in India?
(B)Growth in Infrastructure
(C)productive employment generation
5.Among the Environment protection, flood control, fertilizers and diesel which can be classified as "merit goods' for the purpose of subsidies?
(A)Environment protection, flood control and fertilizers only
(B)environment protection and flood control only
(C)flood control only
6.Which among the following is a clear indicator of inflation?
(B)slower growth of prices than before
(C)increase in the flood supply
7.Which among the following is not a feature of India's small scale industries in general?
(A)large employment potential
(B)great export potential
(C)efficient marketing system
8.Which among the following is not a reason of low agricultural productivity in India on the basis of per worker and per hectare of land?
(A)pressure of population on land
(B)large landholdings in few hands
(C)maximum capital base
9.Which among the following is not a quantitative credit control measure by Reserve Bank of India ?
(A)Varying cash reserve ratio
(B)Sales & purchase of government securities
(C)discriminatory rates of interest on certain advances
10.With which of the following Microeconomics is not related to ?
(A)behavior of industrial decision makers
(B)Changes in the general level of prices
(C)determination of prices of goods and services
11.Which among the following is not a liability of a bank?
12.Fiat money and near money can be correctly matched with ?
(A)Bill of exchange and Legal Tender
(B)Legal tender and Bill of exchange
(C)Legal Tender and Call Money
13.A Japanese working for the WHO office located in Mumbai is a normal resident of ?
14.Which among the following is an example of intermediate goods?
(A)Coal used in a factory
(B)Coal used at home
(C)Printer used in Office
15.Pollution cause by a factory comes under which of the following category?
16.Which among the following is a Variable Cost?
17.Which among the following is youngest in age ?
(A)National planning Committee
(B)National Development Council
18.Which among the following is Oldest in Age?
19.Which among the following acts is latest ?
(A)Equal remuneration act
(B)Workmen's compensation act
(C)Industrial Disputes act
20.Which among the following comes under factor payment?
(A)Purchase of a Tractor
(B)Interest paid to a bank for crop loan
(C)Electricity Charges for running a tube well