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Economics Quiz1

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

Which sector is not part of 3 sector economy?

a)

Foreign sector

b)

Government sector

c)

Household

d)

Business

2.

If export is more than import it will lead to withdrawal or leakage of money from that economy.

a)

True

b)

False

3.

Pick the odd one out: Factor input

a)

Land

b)

Profit

c)

Organization

d)

Labour

4.

National Income is denoted by

a)

NNPmp

b)

GDPmp

c)

GDPfc

d)

NNPfc

5.

Treasury Bill is an example of long term Government security.

a)

True

b)

False

6.

Monetary policy measure are the measures taken by.....

a)

Government

b)

State

c)

Bank

d)

Central bank

7.

Changing the bank rate from 5% to 6% increases the money flow in the country.

a)

True

b)

False

8.

During an inflationary situation the Central Bank should try to ............ the Monetary policy rates.

a)

Increase

b)

Decrease

c)

Do nothing

9.

Rate of interest charged by RBI with respect to the repurchasing of securities from commercial banks.

a)

Bank rate

b)

Repo rate

c)

reverse repo rate

d)

Open Market operation

10.

Income received from abroad will be considered while measuring.

a)

NDP

b)

NNP

c)

GDP

d)

GNP