WorksheetsOIKONOMIA FINAL
Total questions: 22
Worksheet time: 12mins
Q1 In which economy, consumers choice plays a key role in the functioning of the economy?
[A] mixed economy
[B] capitalist economy
[C] Socialist economy
[D] Both a and b
Q2 Which of the following is highly volatile market?
[A] repo market
[B] capital market
[C] call market
[D] none of the above.
Q3 Who manages the government securities in India?
[A] SEBI
[ B] RBI
[C] Ministry of Finance
[D] None of the above
Q4 If the actual unemployment rate is below the average rate of unemployment, it would be expected that :
[A] Demand for goods and service will fall
[B] Wages would fall
[C] Natural rate of unemployment will fall
[D] The rate of inflation would increase
Q5 Which of the following statement/s is/are incorrect?
(a) Currency notes in circulation are issued by the Government of India.
(b) Narrow money or M1 includes currency with the public.
[A] Only b
[B] Only a
[C] Both (a) and (b)
[D] None of the above
Q6 What is the full form of MGNREGA?
A] Maharani Gangubai National Reconstruction Employment Guarantee Act
[B]Mahadevi Gunabati National Rural Employment Guarantee Act
[C] Mahatma Gandhi National Rural Employment Generation Act
[D] None of the above
Q7 When is a country said to move into a recession?
[A] There might be an increase in household production
[B] There might be an increase in production by the underground economy.
[C] There might be an increase in exports.
[D] There might be an increase in leisure.
Q8 Suppose GDP was constant over a period of years and yet living standards increased. Which of the following might not be a reason for this?
[A] There might be an increase in household production.
[B] There might be an increase in production by the underground economy.
[C] There might be an increase in exports.
[D] There might be an increase in leisure.
Q9 what leads to inflation?
[A] increase in flow of liquid cash in market
[B] decrease in flow of liquid cash in market
[C] zero flow of liquid cash in market
[D] None of the above
Q10 RBI was nationalized in the year?
[A]1st June 1935
[B]1st June 1945
[C]1st Janaury1949
[D]1st January 1935
Q11 who among the following presented union budget maximum time?
[A] P. chidumbarum
[B] R.K, shanmukham chetty.
[C] Pranav mukharjee
[D] Morarji desai.
Q12 Which of the following is the basic characteristics of oligopoly market?
[A] A few sellers, one buyer
[B] One seller and many buyer
[C] A few sellers, many buyers
[D] many sellers a few buyer
Q13 The first attempt to initiate the economy planning in India.
[A] Balwantrai mehta
[B] Mr. visvesvarya
[C] Vallabhbhi Patel
[D] Jawahrlal nehru.
Q14 Closed economy is that economy which?
[A] Only export takes place
[B] Money supply is fully controlled
[C] Deficit financing takes place
[D] Neither export nor import takes place.
Q15 The largest source of national income in India is ?
[A] service sector
[B] agriculture
[C] industrial sector’
[D] public expenditure
Q16 The industry having the largest investment in Indian economy is?
[A] steel
[B] cement
[B] cement
[D] tea
Q17 Which country has the highest e-commerce growth rate?
[A] China
[B] India
[C] America
[D] Brazil
Q18 Which of the following organization calculates Gross Domestic Product (GDP) in India?
[A] National Statistical Office
[B] Ministry of Commerce and Industry
[C] Indian Statistical Institute
[D] Reserve Bank of India
Q19 The fundamental concept of Economics about resources is that the resources are:
A) equally distributed
[B] unequally distributed
[C] scarce
[D] unlimited
Q20 Devaluation of money means:
A) A decrease in the interval of value of money.
B) decrease in the external value of money
C) decrease in both internal and external
D) the government takes back currency notes of any denomination
