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WorksheetsEconomics WB HS Suggestion 2
Total questions: 50
Worksheet time: 50mins
Name
Class
Date
1.
In long-run aggregate supply curve will be -
a)
upward rising
b)
downward sloping
c)
vertical
d)
horizontal
2.
The number of phases of a business cycle is :
a)
2
b)
4
c)
6
d)
8
3.
The stage after depression in business cycle is:
a)
Prosperity boom
b)
Recovery
c)
Recession
d)
None of these
4.
Which of the following is not a phase of business cycle?
a)
unemployment
b)
prosperity
c)
recession
d)
recovery
5.
During the recession
a)
Price increases
b)
demand for commodity decreases
c)
profit increases
d)
employment increases
6.
In a Boom
a)
Unemployment is likely to fall
b)
Prices are likely to fall
c)
Demand is likely to fall
d)
Imports are likely to fall
7.
Demand side shocks effect:
a)
The components of aggregate demand
b)
The components of aggregate supply
c)
The components of both aggregate demand & aggregate supply
d)
None of these
8.
Supply Side shock changes:
a)
aggregate demand
b)
aggregate supply
c)
both aggregate demand & aggregate supply
d)
None of these
9.
When the period of a business cycle is more than 10 years, it is a ___________ cycle.
a)
Short Term
b)
Long Term
c)
Medium Term
d)
None of these
10.
During depression Investment expenditure -
a)
falls
b)
rises
c)
remains same
d)
none of these
11.
Aggregate Demand Curve is:
a)
downward sloping
b)
upward rising
c)
vertical straight line
d)
horizontal straight line
12.
Short Run aggregate supply curve is:
a)
downward sloping
b)
upward rising
c)
vertical straight line
d)
horizontal straight line
13.
An upward shift in aggregate supply is likely to :
a)
reduce the general price level & reduce national income
b)
reduce the general price level & increase national income
c)
increases the general price level & increase national income
d)
increases the general price level & reduce national income
14.
Who defined trade cycle first?
a)
Keynes
b)
Lewis
c)
Samuelson
d)
Sen
15.
Depression is in the _________ position of a trade cycle.
a)
Top
b)
Bottom
c)
Upward Sloping
d)
Downward Sloping
16.
Prosperity is in the ___________ position of a trade cycle.
a)
Top
b)
Bottom
c)
Upward Sloping
d)
Downward Sloping
17.
Recession is in the ___________ position of a trade cycle.
a)
Top
b)
Bottom
c)
Upward Sloping
d)
Downward Sloping
18.
When aggregate Demand is ____________ aggregate Supply, there is excess demand.
a)
Greater than
b)
Less than
c)
Equal to
d)
None of these
19.
The time period of short term Business Cycle is
a)
1-2 years
b)
3-4 years
c)
8-10 years
d)
more than 10 years
20.
Which of the following is not a stage of business cycle?
a)
Investment
b)
Slump
c)
Boom
d)
Recovery
21.
The terms of building cycle will be of:
a)
10 to 15 years
b)
15 to 20 years
c)
20 to 25 years
d)
25-100
22.
When aggregate demand is ___________ aggregate supply there is deficient demand.
a)
Greater than
b)
Less Than
c)
Equal to
d)
None of these
23.
When the period of business cycle is 8-10 years, it is _________ cycle:
a)
Short Term
b)
Long term
c)
Medium Term
d)
None of these
24.
A 200 Rupee note of India is an example of ________ money
a)
limited legal
b)
optional
c)
token
d)
metallic
25.
Which of the following is not a function of a Central Bank?
a)
Issuing notes
b)
Acting as the banker to the government
c)
Acting as the banker of banks
d)
Giving loans to the non-bank institution
26.
One instrument of Selective Credit Control by Central Bank is -
a)
Bank Rate
b)
Regulation of margin requirement
c)
Open Market Operation
d)
Variable cash reserve ratio
27.
When money supply in an economy increases.
a)
Unemployment increases
b)
Price level increases
c)
Law & order situation worsens
d)
Environmental pollution occurs
28.
Measurement of value of all goods & services refers to which of the following functions of money?
a)
Medium of Exchange
b)
Unit of account
c)
Standard deferred payment
d)
Store of Value
29.
Money is the most liquid of all assets because
a)
It has Portability
b)
It can be asily stored
c)
It is readily convertible into other assets
d)
It is generally acceptable
30.
Which one of the following is not a function of money
a)
A medium of exchange
b)
a store of value
c)
a measure of value
d)
Basic of Employment generation
31.
What can RBI do, if it wants to control credit in the economy?
a)
Decrease Bank rate & CRR
b)
Increase Bank rate & CRR
c)
Increase Bank rate & decreases CRR
d)
any of these
32.
___________ refers to that portion of total deposits with a commercial bank has to keep with the Central Bank
a)
SLR
b)
Bank rate
c)
CRR
d)
none of these
33.
________ is the rate at which central bank discounts the bills of commercial banks.
a)
SLR
b)
Bank rate
c)
CRR
d)
None of these
34.
Banks not only accepts deposit but also ____________ savings
a)
Distribute
b)
Mobilise
c)
Convert
d)
None of these
35.
___________ affects indiscriminately all sectors of the economy.
a)
Selective Credit Control
b)
Quantitative Credit Control
c)
Margin Requirement
d)
None of these
36.
From the following, which ratio refers to that portion of total deposits which a commercial bank has to keep with itself in the form of liquid assets?
a)
Cash reserve ratio
b)
Statutory Liquidity ratio
c)
Minimum margin requirement
d)
none of these
37.
____________ is the Banker's Bank in India.
a)
SBI
b)
PNB
c)
RBI
d)
OBC
38.
The issue of one rupee currency note in India is the liabilityof the :
a)
Issue Department of the RBI
b)
Government of India
c)
State Bank of India
d)
Banking Department of the RBI
39.
Money, in static sense, refers to:
a)
A store of value
b)
Medium of Exchange
c)
Standard Deferred payment
d)
all of these
40.
Which of the following is the monetary authority in country?
a)
The government of the country
b)
The banking system of the country
c)
The Central Bank of the country
d)
all of these
41.
Which of the following is not a qualitative credit control measure of the RBI?
a)
Capital Rationing
b)
Moral Suasion
c)
SLR
d)
Margin Requirement
42.
RBI was nationalized in:
a)
1959
b)
1947
c)
1945
d)
1949
43.
Which of the following is not selective credit control method?
a)
Rationing of Credit
b)
Direct Action
c)
Changes in margin Requirement
d)
Reserve Requirement changes
44.
The reserve bank of India issues all currency notes except:
a)
500 rupee note
b)
100 rupee note
c)
1 Rupee note
d)
10 rupee note
45.
Buying & selling of securities or bills in open market is called
a)
Cash reserve ratio
b)
Open Market Operation
c)
Bank rate Policy
d)
None of these
46.
Which of the following methods cannot be used as an instrument of quantitative control of credit by the Central Bank?
a)
Bank rate policy
b)
Open Market Operation
c)
Changes in margin Requirement
d)
Variations in reserve ratio
47.
Which of these is not a Selective Credit Control Policy?
a)
Rationing of Credit
b)
Moral Suasion
c)
Bank rate
d)
Direct Action
48.
Which of the following is not the objective of RBI?
a)
Lender of last resort
b)
Banker's Bank
c)
Lending to the Public
d)
Banker to the Government
49.
The Quantitative measure of credit regulation by RBI is:
a)
Bank rate Policy
b)
Open Market Operations
c)
Variable Reserve ratio
d)
all of these
50.
The objectives of monetary Policy are :
a)
Price Stability
b)
Exchange rate stability
c)
Employment generation
d)
all of these
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