Quiz 46: Basic GK →Indian Economy February 17, 2009 1. Which among the following Five Year Plans was launched with specific objective of “Growth with Stability”?3rd Five year Plan4th Five year Plan5th Five year Plan6th Five year Plan2. If the demand and supply of a commodity increase by an equal absolute amount, what will be the effect on market price?IncreaseDecreaseRemain StableFirst decrease then increase3. A rise in price of one commodity will induce a fall in demand of another commodity, then the commodities are___?ComplimentarySupplementaryCompetingAuxiliary4. Which among the following is a most suitable example of double counting in national income ?Wages of bus and train driversCotton output and cotton cloth outputElectricity output and water outputTax receipts and earnings of inland revenue officials5. Which among the following is considered to be the best measure of an increase in a country’s economic efficiency? Increase in annual private investmentIncrease in real national incomeIncrease in real per capita incomeIncrease in net annual investment6. Why the Transfer incomes are not included in the national income accounts?They do not represent payment for economic activityThere is now way of calculating them correctlyThey are already included in the total of personal incomeThey are already included in company earnings7. An autonomous increase in expenditure should result in an increase in a country’s real GNP only if ?The country’s balance of trade is negativeThe country’s economy is working under conditions of less than full employmentIt is government expenditureThe multiplier is at least 1.58. Which among the following is considered to be the main determinant of the level of activity is in national income terms?The level of taxationRealized investmentPlanned savingFactor mobility9. The first step towards electronic bond trading in India was the introduction of the RBIs Negotiated Dealing System. In which year NDS was launched?200020022003200410. Consider the following: Dated Securities T-Bills Certificates of Deposit (CDs) Municipal Bonds The Individuals in India can invest in which among the above?11,21,2,31,2,3,4Submit Test « Previous Next »