Q(1). Economic growth is usually coupled with
(A) deflation
(B) inflation
(C) stagflation
(D) hyper inflation
Q(2). Which one of the following Public Sector Bank's emblem figures a dog and the words 'faithful friendly' in it?
(A) Punjab National Bank
(B) Syndicate Bank
(C) Oriental Bank of Commerce
(D) State Bank of India
Q(3). In India, the interest rateon savings accounts in all thenationalized commercial banksis fixed by
(A) Union Ministry of Finance
(B) Union Finance Commission
(C) Indian Bank's Association
(D) None of the above
Q(4). Which one of the following countries is not a member of ASEAN?
(A) Brunei Darussalam
(B) Cambodia
(C) Vietnam
(D) India
Q(5). Recession is
(A) reduction in production and employment for want of sufficient demand for goods
(B) rise in the cost of production, especially because of wage increase
(C) increase in money supply without a matching increase inproduction
(D) none of the above
Q(6). Buyer's market denotes the place where
(A) the demand exceeds the supply
(B) the supply exceeds the demand
(C) commodities are available at competitive rates
(D) the demand and supply arewell balanced
Q(7). Fiscal deficit in the budget means
(A) revenue deficit plus the net borrowings of the government
(B) budgetary deficit plus the net borrowings of the government
(C) capital deficit plus revenue defict
(D) primary deficit minus capitaldeficit
Q(8) Who among the following served as the Chief Economist of the International Monetary Fund?
(A) Ashok Lahiri
(B) Sumantra Ghoshal
(C) Saumitra Chaudhuri
(D) Raghuram Rajan
Q(9) National income refers to
(A) money value of goods and services produced in a country during a year
(B) money value of stocks and shares of a country during a year
(C) money value of capital goods produced by a country during a year
(D) money value of consumer goods produced by a country during a year
Q(10). Human Development Index comprises literacy rates, life expectancy at birth and
(A) gross domestic product per head in the US dollars
(B) gross domestic product per head at real purchasing power
(C) gross national product in US dollars
(D) national income per head inUS dollars
Q(11). The 'gilt-edged' market deals in
(A) worn and torn currency notes
(B) bullion
(C) government securities
(D) corporate bonds
Q(12). What are "Open Market Operations"?
(A) Activities of SEBI registered brokers
(B) Selling of currency by the RBI
(C) Selling of gilt-edged securities by the government
(D) Sale of shares by FIls
Q(13). Special Drawing Rights (SDRs) facility is available at
(A) International Monetary Fund (IMF)
(B) World Bank (WB)
(C) International Development Association (IDA)
(D) Organisation of Economic Cooperation and Development (OECD)
Q(14) ."Sunrise Industries" are industries
(A) which are well developed and have ample scope for further development
(B) which improve export performance of the country
(C) which are small-scale industries
(D) which have high growth potential and meet further requirements of the economy
Q(15) Gross National Income is always more than Net National Income because it includes
(A) foreign income
(B) capital consumption allowance
(C) indirect taxes
(D) direct taxes
Q(16) .The measure of a worker's real wage is
(A) the change in his productivity over a given time
(B) his earnings after deduction at source
(C) his daily earnings
(D) the purchasing power of his earning
Q(17) Which of the following is not required while computing Gross National Product (GNP)?
(A) Net foreign investment
(B) Private investment
(C) Per capita income of citizens
(D) Purchase of goods by government
Q(18). BOP (Balance of Payment) refers to
(A) transactions in the flow of capital
(B) transactions relating to receipts and payment of invisibles
(C) transactioins relating only to exports and imports
(D) systematic record of all its economic transaction with the rest of the world
Q(19). Fiscal deficit in the Union Budget means
(A) the difference between current expenditure and current revenue
(B) net increase in Union Government's borrowings from the Reserve Bank of/India
(C) the sum of budgetary deficit and net increase in internal and external borrowings
(D) the sum of monetised deficitand bdgetary deficit
Q(20). The most appropriate measure of a country's economic growth is the
(A) gross domestic product
(B) net domestic product
(C) net national product
(D) per capita real income
Q(21) The World Bank and IMF gives respectively
(A) long term and short term credits
(B) short term and long term credits
(C) Both long term credits
(D) Both short term credit
Q(22). Who devised the 'Human Development Index’?
(A) Mahbubul Haq
(B) Amartya Sen
(C) Adam Smith
(D) Pal Streeten
Q(23). Which of the following terms indicate a mechanism used by commercial banks for providing credit to the Government?
(A) Cash Credit Ratio
(B) Debit Service Obtigationa
(C) Liquidity Adjustment Facility
(D) Satutory Liqidity Ratio
(A) deflation
(B) inflation
(C) stagflation
(D) hyper inflation
Q(2). Which one of the following Public Sector Bank's emblem figures a dog and the words 'faithful friendly' in it?
(A) Punjab National Bank
(B) Syndicate Bank
(C) Oriental Bank of Commerce
(D) State Bank of India
Q(3). In India, the interest rateon savings accounts in all thenationalized commercial banksis fixed by
(A) Union Ministry of Finance
(B) Union Finance Commission
(C) Indian Bank's Association
(D) None of the above
Q(4). Which one of the following countries is not a member of ASEAN?
(A) Brunei Darussalam
(B) Cambodia
(C) Vietnam
(D) India
Q(5). Recession is
(A) reduction in production and employment for want of sufficient demand for goods
(B) rise in the cost of production, especially because of wage increase
(C) increase in money supply without a matching increase inproduction
(D) none of the above
Q(6). Buyer's market denotes the place where
(A) the demand exceeds the supply
(B) the supply exceeds the demand
(C) commodities are available at competitive rates
(D) the demand and supply arewell balanced
Q(7). Fiscal deficit in the budget means
(A) revenue deficit plus the net borrowings of the government
(B) budgetary deficit plus the net borrowings of the government
(C) capital deficit plus revenue defict
(D) primary deficit minus capitaldeficit
Q(8) Who among the following served as the Chief Economist of the International Monetary Fund?
(A) Ashok Lahiri
(B) Sumantra Ghoshal
(C) Saumitra Chaudhuri
(D) Raghuram Rajan
Q(9) National income refers to
(A) money value of goods and services produced in a country during a year
(B) money value of stocks and shares of a country during a year
(C) money value of capital goods produced by a country during a year
(D) money value of consumer goods produced by a country during a year
Q(10). Human Development Index comprises literacy rates, life expectancy at birth and
(A) gross domestic product per head in the US dollars
(B) gross domestic product per head at real purchasing power
(C) gross national product in US dollars
(D) national income per head inUS dollars
Q(11). The 'gilt-edged' market deals in
(A) worn and torn currency notes
(B) bullion
(C) government securities
(D) corporate bonds
Q(12). What are "Open Market Operations"?
(A) Activities of SEBI registered brokers
(B) Selling of currency by the RBI
(C) Selling of gilt-edged securities by the government
(D) Sale of shares by FIls
Q(13). Special Drawing Rights (SDRs) facility is available at
(A) International Monetary Fund (IMF)
(B) World Bank (WB)
(C) International Development Association (IDA)
(D) Organisation of Economic Cooperation and Development (OECD)
Q(14) ."Sunrise Industries" are industries
(A) which are well developed and have ample scope for further development
(B) which improve export performance of the country
(C) which are small-scale industries
(D) which have high growth potential and meet further requirements of the economy
Q(15) Gross National Income is always more than Net National Income because it includes
(A) foreign income
(B) capital consumption allowance
(C) indirect taxes
(D) direct taxes
Q(16) .The measure of a worker's real wage is
(A) the change in his productivity over a given time
(B) his earnings after deduction at source
(C) his daily earnings
(D) the purchasing power of his earning
Q(17) Which of the following is not required while computing Gross National Product (GNP)?
(A) Net foreign investment
(B) Private investment
(C) Per capita income of citizens
(D) Purchase of goods by government
Q(18). BOP (Balance of Payment) refers to
(A) transactions in the flow of capital
(B) transactions relating to receipts and payment of invisibles
(C) transactioins relating only to exports and imports
(D) systematic record of all its economic transaction with the rest of the world
Q(19). Fiscal deficit in the Union Budget means
(A) the difference between current expenditure and current revenue
(B) net increase in Union Government's borrowings from the Reserve Bank of/India
(C) the sum of budgetary deficit and net increase in internal and external borrowings
(D) the sum of monetised deficitand bdgetary deficit
Q(20). The most appropriate measure of a country's economic growth is the
(A) gross domestic product
(B) net domestic product
(C) net national product
(D) per capita real income
Q(21) The World Bank and IMF gives respectively
(A) long term and short term credits
(B) short term and long term credits
(C) Both long term credits
(D) Both short term credit
Q(22). Who devised the 'Human Development Index’?
(A) Mahbubul Haq
(B) Amartya Sen
(C) Adam Smith
(D) Pal Streeten
Q(23). Which of the following terms indicate a mechanism used by commercial banks for providing credit to the Government?
(A) Cash Credit Ratio
(B) Debit Service Obtigationa
(C) Liquidity Adjustment Facility
(D) Satutory Liqidity Ratio
some important MCQs are available as MCQs on ASEAN
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