General Knowledge-Economics Quiz-Part 1

Economics Quiz-Part 1

1. High Fiscal Deficit leads to all but one of the following:

1. Inflation
2. ’Crowding out’ of funds for private sector investment
3. Fall of interest rates
4. Adverse impact on Balance of Payments

Answer: c

2. Which of the following deficits lead to direct increase in money supply?

1. Primary deficit
2. Revenue deficit
3. Fiscal deficit
4. Monetised deficit

Answer: d

3.’Dear Money Policy’ implies:

1. Increase in CRR
2. Increase in SLR
3. Increase in REPO and Reverse REPO rates
4. Increase in Bank Rate

Select the correct answer using the code given below:

Code:

1. 1 only
2. 1 & 2 only
3. 3 & 4 only
4. 1,2,3 & 4

Answer: c

4. Banking sector Reforms since 1991 have led to all but one of the following:

1. Lowering of  CRR
2. Lowering of SLR
3. Lowering of CAR
4. Lowering of NPAs

Answer: c

5. Pick the odd one out:

1. Treasury bills
2. Certificate of deposit
3. Commercial paper
4. Dated Government Securities

Answer: d

6. Human Development Report is brought out by

1. World bank
2. IMF
3. UNDP
4. UNICEF

Answer: c

7. Human Development Index comprises of

1. Longevity
2. Infant Mortality
3. Literacy
4. Standard of Living

Select the correct answer using the code given below:

Code:

1. 1,2,3 & 4
2. 1,2 & 3 only
3. 1,3 & 4 only
4. 2,3 & 4 only

Answer: c

8. Human Poverty Index comprises of

1. Longevity
2. Combined Primary, Secondary, Tertiary Enrolment rates
3. Adult Literacy
4. Standard of Living

Select the correct answer using the code given below:

Code:

1. 1,2,3 & 4
2. 1,2 & 4 only
3. 1,3 & 4 only
4. 1 & 4 only

Answer: c

9. Standard of Living in Human Development Index is measured on the basis of

1. Access to health
2. Access to safe drinking water
3. Access to nutrition

Select the correct answer using the code given below:

Code:

1. 1,2 & 3
2. 1 & 2 only
3. 1 & 3 only
4. 2 & 3 only

Answer: d

10. A finance minister generally impose higher tax on commodities which have

1. Elastic demand
2. Inelastic demand
3. Neither elastic nor inelastic demand
4. Nothing can be said

Answer: b

11. The RBI should always possess the minimum gold stocks worth how many crores of rupees for issuing currency?

1. 85 crores
2. 115 crores
3. 200 crores
4. 400 crores

Answer: b