JPA Quiz

Which of the following is not a factor of production?

• Land
• Labour
• Money
• Capital

What does the term 'GDP' stand for?

• Gross Domestic Profit
• Gross Domestic Product
• General Domestic Production
• Growth and Development Process

Which of the following is not a type of economic system?

• Capitalism
• Socialism
• Communism
• Feudalism

Which of the following is not a function of a commercial bank?

• Issuing currency
• Providing loans and advances
• Facilitating international trade
• Providing educational services

Which of the following is a measure of central tendency?

• Standard deviation
• Mean
• Range
• Variance

What does the term 'Inflation' refer to?

• Decrease in the general price level
• Increase in the general price level
• Stability in the general price level
• Fluctuations in the general price level

What does ROI stand for in business?

• Return on Investment
• Rate of Income
• Revenue of Interest
• Risk of Inflation

Which of the following is not a function of money?

• Store of value
• Unit of account
• Double coincidence of wants
• Medium of exchange

What is the legal tender in India?

• Only coins
• Only currency notes
• Both coins and currency notes
• Gold

Which of the following is a direct tax?

• Excise duty
• Sales tax
• Income tax
• Goods & Service Tax