Description : Which of these is an economic activity (a) A father teaching his son at home instead of sending to any coaching centre (b) A hair dresser doing hair cut designing on payment (c) A housewife mending her family cloths on her own (d) A singer giving a show on his son’s wedding anniversary
Last Answer : (b) A hair dresser doing hair cut designing on payment
Description : Supply of money refers to (a) Total money held by the public ; (b) Total money held by RBI ; (c) Total money with all the commercial banks and RBI ; (d) Total money in Government account
Last Answer : (a) Total money held by the public ;
Description : Green revolution was successful because of use of ……. Seeds (a) HYV ; (b) Imported ; (c)Australian ; (d) Local seeds
Last Answer : (a) HYV ;
Description : How does a commercial bank create money (a) By printing money ; (b) By lending a part of its deposits ; (c) By issuing ATM cards (d) Accepting deposits
Last Answer : (b) By lending a part of its deposits ;
Description : Manipulation in CRR enables the RBI to ……. (a) Influence the lending ability of the commercial banks ; (b) Check unemployment growth; (c) Check poverty ; (d) Increase GDP
Last Answer : (a) Influence the lending ability of the commercial banks ;
Description : Which of the following transactions is included in the current account balance of the Balance of payments statement? (a) Foreign direct investments. ; (b) Portfolio investments.; (c) External commercial borrowings. ; (d) Dividends earned on portfolio investments
Last Answer : (d) Dividends earned on portfolio investments
Description : Economic resources are (a) Unlimited ; (b) Limited in supply and use ; (c) Limited in supply but have alternative uses; (d) Unproductive
Last Answer : (c) Limited in supply but have alternative uses;
Description : Economic order quantity is that quantity at which cost of holding and carrying inventory is: (a) Maximum and equal (b) Minimum and equal (c) It can be maximum or minimum depending upon case to case. (d) Minimum and unequal
Last Answer : (b) Minimum and equal
Description : A firm that makes profit in excess of normal profit is earning (a) Economic profit ; (b) Costing profit ; (c) Normal profit ; (d) Super normal profit
Last Answer : ; (d) Super normal profit
Description : A firm that break even after all the economic costs are paid in earning (a) Economic profit ; (b) Accounting profit ; (c) Normal profit ; (d) Super normal profit
Last Answer : (c) Normal profit ;
Description : The maximum quantity that a supplier is prepared to supply in the market at a given price is called (a) Economic order quantity ; (b) Optimum quantity ; (c) Supply quantity ; (d) Both or quantity
Last Answer : ; (c) Supply quantity ;
Description : In economic theory, in the short run all the cost are…………… (a) Fixed ; (b) Variable ; (c) Controllable ; (d) Semi variable
Last Answer : (a) Fixed ;
Description : Disguised unemployment means (a) Unemployment in agriculture ; (b) Unemployment due to recession ;(c) Unemployment due to downturn in business activity ; (d) Marginal Productivity of Labor (MPL) is zero.
Last Answer : ;(c) Unemployment due to downturn in business activity ;
Description : Natural rate of unemployment increases due to (a) General downturn in business activity ; (b) Changes in labor market ; (c) Structural changes in economy ; (d) Frequent changes of jobs by labor
Last Answer : (d) Frequent changes of jobs by labor
Description : Unemployment that arises when there is a general downturn in business activity is known as (a) Frictional unemployment ; (b) Structural unemployment; (c) Cyclical unemployment ; (d) Disguised unemployment
Last Answer : (c) Cyclical unemployment ;
Description : Economic growth is best depicted by (a) Outward shift in PPF ; (b) Upward movement in PPF ; (c) Inward movement in PPF (d) Downward movement in PPF
Last Answer : (a) Outward shift in PPF ;
Description : Economic efficiency means (a) Production of goods of mass consumption at lower cost; (b) Production of goods and services for those who have purchasing power; (c) Getting greatest satisfaction from available resources ; (d) Full employment of working force
Last Answer : (c) Getting greatest satisfaction from available resources
Description : Which of the following issue relates to micro-economics (a) Impact of crude price hike on inflation (b) Impact of change in bank rate on bank saving and investment (c) Impact of Information technology on economic growth (d) Impact of shortage of wheat production on wheat prices
Last Answer : (d) Impact of shortage of wheat production on wheat prices
Description : Economics cannot be given the status of science because (a) Of non-uniformity of opinion and approach of economist; (b) Economic behaviour of human being is unpredictable; (c) Measuring rod of money is unstable ; (d) All the three
Last Answer : (d) All the three
Description : Which of these are outside the domain of macro economics (a) Consumer behavior ; (b) National income ; (c) Economic growth; (d) Balance of payment and trade
Last Answer : (a) Consumer behavior ;
Description : The terms Micro economic and Macro economics were coined by (a) Professor A Samulson ; (b) Giffen ; (c) Prof. Ragner Frisch ; (d) Eagle
Last Answer : (c) Prof. Ragner Frisch ;
Description : The basic assumption of an economic analysis is/ are (a) Cetris paribus ; (b) Rational behavior ; (c) Both ; (d) None
Last Answer : (c) Both ;
Description : In economic wealth is the stock of all those material and immaterial objects which……... (a) Are transferable ; (b) Have utility ; (c) Are scarce ; (d) All the three
Last Answer : ; (d) All the three
Description : In economic goods includes material things which………. (a) Can be transferred ; (b) Can be exchanged for one another ; (c) Both ; (d) None
Description : Economics cannot be considered a perfect science because (a) Human behaviour is unpredictable (b) It is difficult to make correct prediction of economic variables (c) Economist do not have common opinion about a particular economic event (d) All the three
Description : Which of the following is/ are a non-economic resource (a) Air (b) Water ; (c) Sunlight ; (d) All the three
Description : Which of the following is/ are an economic resource (a) Land ; (b) Capital ; (c) Labour ; (d) All the three
Description : Which of the following is/ are not an economic resource (a) Land ; (b) Capital ; (c) Labour ; (d) Air
Last Answer : ; (d) Air
Description : In economic theory the term “means” refers to (a) Resources ; (b) Arithmetic mean ; (c) A characteristic ; (d) None
Last Answer : (a) Resources ;
Description : Normative economic theory deals with (a) What is or how the economic problem facing the society are solved; (b) How the problem should be solved ; (c) What to Produce ; (d) How to produce
Last Answer : (b) How the problem should be solved ;
Description : General equilibrium analysis refers to (a) Behaviour of individual economic decision making units and individual markets in isolation; (b) Behaviour of all the individual decision making units and market viewed in totality; (c) Both ; (d) (d) none
Last Answer : (b) Behaviour of all the individual decision making units and market viewed in totality;
Description : Which of the following is a central problem of every economy (a) Abundance of resources ; (b) Scarcity of economic resources ; (c) Poverty; (d) Moral and ethical values
Last Answer : (b) Scarcity of economic resources ;
Description : Micro economics theory deals with (a) Economic behavior of individual economic decision making units; (b) Economy as a whole ; (c) Trade relations ; (d) Economic growth of the society
Last Answer : (a) Economic behavior of individual economic decision making units;
Description : Which of these items are excluded in the computation of National Income under value added method? (a) Own acquired fixed assets by the Government enterprises, Govt. and household; (b) Production for self-consumption ; (c) Imputed rent for own occupied house ; (d) All the three
Description : What did the academic style of painting exemplified by early Baroque artist from the Bolognese art academy relied on?
Last Answer : Classical principles, styles, and philosophy.
Description : Which of these is one of the causes of inflation? (a) Increase in public expenditure ; (b) Deficit financing ; (c) Increase in administrative prices (d) All the three
Description : In the Union Budget, profits from public sector undertakings are taken under (a) Revenue receipts ; (b) Capital receipts (c) Monetized receipts ; (d) Planned expenditure
Last Answer : (a) Revenue receipts
Description : In a mixed economy which sector(s) is/ are found (a) Private Only ; (b) Public sector only ; (c) None ; (d) Both a and b
Last Answer : (d) Both a and b
Description : Which one of the following is not the concern of local government? (1) Public health (2) Sanitation (3) Public utility service (4) Maintenance of public order
Last Answer : (4) Maintenance of public order Explanation: The local government of India are vested with a long list of functions delegated to them by the state governments under the municipal legislation.
Description : Which of the following learner characteristics are likely to influence the effectiveness of teaching aids and evaluation systems to ensure positive results? (A) Learner's family background, age and ... . (D) Learner's maturity level, academic perfor mance level and motivational dispositions.
Last Answer : (D) Learner’s maturity level, academic perfor mance level and motivational dispositions.
Description : In the 21st century, most people write for social reasons, for self expression, for professional and academic purposes, and?
Last Answer : for a sense of community.
Description : A teacher's major contribution towards the maximum self-realization of the student is affected through: Options: A) Constant fulfilment of the students' needs B) Strict control of class-room ... C) Sensitivity to students' needs, goals and purposes D) Strict reinforcement of academic standards
Last Answer : C) Sensitivity to students’ needs, goals and purposes
Description : The teacher's major contribution towards the maximum self-realization of the child is best affected through Options: A) Constant fulfilment of the child's needs B) Strict control of class-room ... C) Sensitivity to pupil needs, goals and purposes D) Strict reinforcement of a academic standards
Last Answer : C) Sensitivity to pupil needs, goals and purposes
Description : Which of the following is not a major modern trend in teacher education? Options: A) A change in emphasis from the teaching of subject-matter to the directing of pupil growth B) ... from scholarship to personality development D) A change from autocratic discipline to greater pupil self-direction
Last Answer : C) A change in emphasis from scholarship to personality development
Description : What is the idea behind painting rocks and then hiding them in a park, or play area?
Last Answer : A post on FB today made me think of this. Some one had a post on their timeline about people painting and hiding rocks in their area, and it occured to me that it is done in my town as well..now ... is likely to find it. I just wondered who started that and why? Harmless fun but I'm curious now.
Description : ……………. States that rapid growth of per capita income will be associated with a reduction in poverty. (a) The trickle down theory ; (b) Multiplier theory ; (c) Malthus population theory ; (d) None
Last Answer : (a) The trickle down theory ;
Description : Which of these is a secondary sector (a) Manufacturing sector ; (b) Transport ; (c) Forestry ; (d) Animal husbandry
Last Answer : (a) Manufacturing sector ;
Description : Which of these is primary sector. (a) Communication ; (b) Banking ; (c) Construction ; (d) Poultry firming
Last Answer : (d) Poultry firming
Description : Which of these is/are the feature of an underdeveloped economy? (a) Greater inequalities ; (b) High incidence of unemployment ; (c) Orthodox means of production ; (d) All the three
Description : In an agricultural family all the family members are working the farmland of the family. Due to addition of two more person in the family they are also working in the farmland of the ... (a) Cyclical unemployment ; (b) Disguised unemployment ; (c) Frictional unemployment (d) Seasonal unemployment
Last Answer : (b) Disguised unemployment ;