Quiz 243: Economic Awareness for All Examinations

1. Dunkel Proposals are related to which of the following rounds of GATT?
[A] Geneva Round
[B] Uruguay Round
[C] Kennedy Round
[D] Dillon Round

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2. Which among the following ratios correctly denotes Money Multiplier?
[A] M3: M0
[B] M1: M3
[C] M3: M1
[D] M1: M0

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3. Which among the following is a term for which alternate word” Buyer’s Monopoly” is used? 
[A] Oligopoly
[B] Inverse monopoly
[C] Monopsony
[D] Duopoly

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4. Generally, the acid test ratio should be 1:1 or better for a company in sound economic position.. This is a ratio of which of the following ?
[A] Current Assets : Current liabilities
[B] Current liabilities : Current Assets
[C] Total Assets : Current liabilitie
[D] Total liabilities : Current Assets

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5. Which among the following can be called a Balanced Budget ?
[A] Total Revenue of the Government Exceeding Total Expenditure
[B] Total Expenditure of the Government Exceeding Total Revenue
[C] Total Revenue of the Government exactly equal to total Expenditure
[D] Total Expenditure of the Government exceeding or equal to Total Revenue

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6. Which among the following is an anti-inflationary measure?
[A] Stagflation
[B] Hyper inflation
[C] Disinflation
[D] Deflation

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7. Gender Empowerment Measure (GEM) is one of the five indicators used by the United Nations Development Programme in its annual Human Development Report. It includes which of the following ?
[A] political participation and decision making
[B] economic participation and decision making
[C] power over economic resources
[D] All the above

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8. Lockout” is term used for a work stoppage in industry for which of the following ?
[A] Employees refuse to work
[B] Employer prevents employees from working
[C] Trade unions prevent the employees to work
[D] Employer close the work premises permanently

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9. Which among the following imposes a greater burden (relative to resources) on the poor than on the rich ?
[A] Progressive tax
[B] Regressive Tax
[C] Lump Sum tax
[D] Proportional tax

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10. Which among the following imposes a greater burden (relative to resources) on the poor than on the rich ?
[A] Progressive tax
[B] Regressive Tax
[C] Lump Sum tax
[D] Proportional tax

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