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General Economy Questions and Answers for competitive exams

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General Economy Questions and Answers for competitive exams UPSC SSC , IAS Prelims, SSC CGL, CHSL, General Awareness Questions Mcq

general economy questions and answers

376.
Kutir Jyoti Scheme is associated with

a
All of these
b
Promoting cottage industry in villages
c
Promoting employment among rural unemployed youth
d
Providing electricity to rural families living below poverty line
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Discuss
377.
Which is NOT a measure undertaken by government to check inflation ?

a
Taxation measures
b
Increase in production
c
Reduction in Deficit financing
d
Increase in consumption
View Answer
Discuss
378.
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 earnings
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Discuss
379.
Operating Surplus arises in the

a
Production for self-consumption
b
Enterprise Sector
c
Government Sector
d
Subsistence farming
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Discuss
380.
The Annapurna Scheme was implemented in the year

a
1998
b
1999
c
2000
d
1996
View Answer
Discuss
381.
The 'break-even' point is where

a
total revenue equals total cost
b
None of the above
c
marginal revenue equals marginal cost
d
average revenue equals average cost
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Discuss
382.
The theory of distribution relates to which of the following?

a
Equality in the distribution of the income and wealth
b
The distribution of income
c
The distribution of factor payments
d
The distribution of assets
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383.
Which from the following is not true when the interest rate in the economy goes up ?

a
Savings increases
b
Return on capital increases
c
Cost of production increases
d
Lending decreases
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Discuss
384.
Which one is not the main objective of fiscal policy in India?

a
To increase liquidity in the economy
b
To promote price stability
c
To minimize the inequalities of income & wealth
d
To promote employment opportunity
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Discuss
385.
What situation would result if Government expenditure exceeds the Government revenue on Current Account?

a
Zero-based budgeting
b
Performance-based budgeting
c
Deficit budgeting
d
Surplus budgeting
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Discuss
386.
'Law of demand' implies that when there is excess demand for a commodity, then

a
price of the commodity falls
b
price of the commodity rises
c
quantity demanded of the commodity falls
d
price of the commodity remains same
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387.
In Centre-State financial relations in India, Gadgil Formula is used in

a
division of tax revenue
b
allocating Central Plan assistance between States
c
formulating the policy for fresh borrowings
d
writing off States' indebtedness to the Centre
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388.
Fixed Foreign Exchange Rate can be changed by

a
Ministry of Finance
b
RBI
c
FIPB
d
SEBI
View Answer
Discuss
389.
Which Bank was merged in the Punjab National Bank in February, 2003 ?

a
Nedungadi Bank Ltd.
b
Nainital Bank Ltd.
c
Madurai Bank Ltd.
d
Catholic Syrian Bank Ltd.
View Answer
Discuss
390.
What is the name of portal launched by RBI recently to check illegal money collection?

a
Sampark
b
Sahyog
c
Sachet
d
Sahayata
View Answer
Discuss
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