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Economics Mock Test

Total questions: 30

Worksheet time: 15mins

Name
Class
Date
1.

Which of the following technology is most useful in the study of Economics?

a)

Computer

b)

Internet

c)

Compact Disc

d)

Open access link

2.

What is the economics system called that allows exchange of rice instead of clothes?

a)

Monetary System

b)

Banking System

c)

Barter System

d)

Loan System

3.

Which type of unemployment arise due to lack of effective demand?

a)

Frictional

b)

Seasonal

c)

Cyclical

d)

Disguised

4.

Which technique of production is used in small scale industries?

a)

Capital intensive

b)

Labour intensive

c)

Scarcity oriented

d)

Devlopment oriented

5.

When was railway started for the first time in India?

a)

In 1953

b)

In 1853

c)

In 1975

d)

In 1901

6.

What is the maximum value of HDI?

a)

More than 100

b)

100

c)

1

d)

Less than 100

7.

How many major types of deposits exist in banks in India?

a)

2

b)

3

c)

6

d)

10

8.

From the following, which factor is not included in technology to increase agriculture productivity?

a)

Pesticides

b)

Increase in irrigation facilities

c)

Agriculture finance

d)

Soil testing

9.

What was the proportion of employment in industries in 2011 - 12?

a)

49%

b)

27%

c)

24.3%

d)

10%

10.

Which age group of children are eligible for compulsory and free education according to Indian constitution?

a)

5 - 15 year's

b)

4 - 14 year's

c)

7 - 15 year's

d)

6 - 14 year's

11.

When was NABARD established?

a)

1982

b)

1975

c)

1969

d)

1947

12.

Railway is example of which type of industries?

a)

Public Corporation

b)

Departmental Industries

c)

Joint Stock Companies

d)

Joint Stock Industries

13.

Which factor is responsible for migration caused due to attraction towards better lifestyle in urban areas?

a)

Push

b)

Pull

c)

Planned

d)

Environment

14.

Who/ Which type of organisation present data CDs pertaining to economic information?

a)

Private Publishers

b)

Schools

c)

Individual

d)

Laboratory, Research Centres, Government, etc

15.

Which type of phenomenon is inflation?

a)

Monetary

b)

Social

c)

Psychological

d)

Political

16.

Compulsory nature of unemployment is seen in which context of labour supply?

a)

Active

b)

Children

c)

Passive

d)

Elders

17.

What is the type of bar diagram in which, we get divisions in all the parts which represent a common variable and common base value?

a)

Simple Bar Diagram

b)

Cluster Bar Diagram

c)

Divided Bar Diagram

d)

Frequency Polygon

18.

'Development is a multi - dimensional process.' Who has given this statement?

a)

Todaro

b)

Kindle Berger

c)

Marshall

d)

Machlup

19.

Who gave the definition "What is accepted universally, in exchange of goods and services is money"?

a)

Marshall

b)

Keynes

c)

Piagou

d)

Robertson

20.

From the below mentioned, which instrument is included in qualitative measure of credit control?

a)

Repo rate

b)

Cash reserve ratio

c)

Bank rate

d)

Discriminatory interest rate

21.

In which type of unemployment labour has zero marginal productivity?

a)

Cyclical

b)

Frictional

c)

Disguised

d)

Underemployment

22.

For which type of distribution a graph is drawn?

a)

Continuous

b)

Discrete/ Discontinuous

c)

Skewed

d)

Ideal

23.

Where was the first real bank established in the world?

a)

France

b)

USA

c)

Norway

d)

Spain

24.

Who presented four measures to know the nature and types of unemployment.

a)

Bhagawati Committee

b)

Raj Krishna Committee

c)

Venkataraman Committee

d)

Tendulkar Committee

25.

What is the amount of investment limit in the Tiny industries?

a)

10,00,000

b)

15,00,000

c)

20,00,000

d)

25,00,000

26.

What was the proportion for employment in industries in 2011 - 12?

a)

49%

b)

27%

c)

24.3%

d)

10%

27.

Which of the following ways of generations of electricity spread pollution?

a)

Thermal power

b)

Hydro electric power

c)

Solar energy

d)

Wind energy

28.

What was India's rank in the world according to HDI in 2014?

a)

130

b)

128

c)

129

d)

127

29.

Who does the function of credit creation?

a)

Central Government

b)

Commercial Bank

c)

RBI

d)

State Government

30.

Which day is declared as "Environment day"?

a)

2nd October

b)

2nd February

c)

1st May

d)

14th November