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

61.
Purchasing Power Parity theory is related with

a
Bank rate
b
Wage rate
c
Interest rate
d
Exchange rate

62.
Redistribution of income in a country can be brought about through

a
Progressive taxation combined with progressive expenditure
b
Regressive taxation combined with regressive expenditure
c
Regressive taxation combined with progressive expenditure
d
Progressive taxation combined with regressive expenditure

63.
While computing national income estimates, which of the following is required to be observed ?

a
The value of both exports and imports to be added
b
The value of both exports and imports to be subtracted
c
The value of exports to be subtracted and the value of imports to be added
d
The value of exports to be added and the value of imports to be subtracted

64.
Tick the correct option with regards to the contribution towards GDP (Gross Domestic Product) from Agriculture

a
During 1950-51 (GDP 51-88%) and 2011-12 (GDP 14-01%)
b
During 1950-51 (GDP 11-00%) and 2011-12 (GDP 25%)
c
During 1980-81 (GDP 35-69%) and 2011-12 (GDP 20-69%)
d
During 1990-91 (GDP 29-53%) and 2011-12 (GDP 66-77%)

65.
Who amongst the following has never been the Governor of Reserve Bank of India ?

a
B.B. Bhattacharya
b
D. Subbarao
c
C. Rangarajan
d
Y.V. Reddy

66.
The basic regulatory autho-rity for mutual funds and stock markets lies with the

a
Reserve Bank of India
b
SEBI
c
Government of India
d
Stock Exchange

67.
The headquarters of RBI is in

a
Kanpur
b
Mumbai
c
Delhi
d
Nasik

68.
What is the main function of Central Statistical Organisation (CSO) ?

a
Collection of detail data regarding employment
b
Collection of estimates of national income
c
Price determination
d
Determination of money supply

69.
Lender of the Last Resort is :

a
IDBI
b
SBI
c
RBI
d
NABARD

70.
Which of the following functions as a controller of credit in India ?

a
The Central Government
b
The Planning Commission
c
The State Bank of India
d
The Reserve Bank of India

71.
If two commodities are complements, then their cross-price elasticity is

a
imaginary number
b
zero
c
negative
d
positive

72.
Which of the following Government of India programmes aims to help, build or upgrade dwelling units of below the poverty line rural families ?

a
Jawaharlal Nehru National Urban Renewal Mission
b
Jawahar Rozgar Yojana
c
National Social Assistance Programme
d
Indira Awaas Yojana

73.
Maruti cars are mainly based on

a
Korean Technology
b
German Technology
c
Japanese Technology
d
Russian Technology

74.
The Commission in India dealing with minimum support price, procurement price, etc in connection with agricultural goods is the

a
Agricultural Costs and Prices Commission
b
Planning Commission
c
National Marketing Commission
d
Agricultural Price Commission

75.
Which of the following sectors contributed more to the savings in India?

a
Public sector
b
Private sector
c
Household sector
d
Corporate sector

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