WorksheetsTrial
Total questions: 20
Worksheet time: 7mins
Name
Class
Date
1.
Which of the following is NOT a function of the Reserve Bank of India (RBI)?
a)
Acting as banker to the government
b)
Directly lending to the public
c)
Issuing currency notes
d)
Regulating foreign exchange
2.
What does GDP stand for?
a)
General Development Plan
b)
Gross Domestic Profit
c)
Gross Domestic Product
d)
Government Development Policy
3.
Which of the following is a direct tax?
a)
Service Tax
b)
Income Tax
c)
Excise Duty
d)
Sales Tax
4.
The term 'Fiscal Policy' refers to:
a)
Foreign trade regulations
b)
Exchange rate management
c)
Government spending and taxation policies
d)
Monetary policy implemented by the central bank
5.
What is the full form of GST?
a)
Goods and Services Tax
b)
General Sales Tax
c)
Gross Sales Tax
d)
Government Sales Tax
6.
Which of the following is NOT a characteristic of a perfectly competitive market?
a)
Large number of buyers and sellers
b)
Homogeneous products
c)
Free entry and exit
d)
Differentiated products
7.
Which of the following is a primary tool used in monetary policy?
a)
Taxation
b)
Government spending
c)
Interest rates
d)
Public debt management
8.
What does the acronym SWOT stand for in business analysis?
a)
Skills, Wealth, Organization, Talent
b)
Strategy, Work, Objectives, Time
c)
Sales, Wages, Operations, Technology
d)
Strengths, Weaknesses, Opportunities, Threats
9.
Which of the following is an example of a multinational corporation (MNC)?
a)
A company with operations in multiple countries
b)
A local grocery store
c)
A small business with only domestic customers
d)
A company operating in a single country
10.
What is the purpose of a balance sheet?
a)
To report a company's assets, liabilities, and equity at a specific point in time.
b)
To report a company's income over a period of time.
c)
To forecast future earnings.
d)
To track a company's cash flow.
11.
What is the primary role of the World Trade Organization (WTO)?
a)
To provide loans to developing nations
b)
To promote free trade among countries
c)
To regulate international military alliances
d)
To oversee global health initiatives
12.
Which of the following is NOT a function of management?
a)
Planning
b)
Organizing
c)
Staffing
d)
Marketing
13.
Which of the following best describes inflation?
a)
A decrease in consumer spending
b)
A rise in the general price level
c)
A sudden increase in employment
d)
A stable economic environment
14.
What is the primary purpose of the Bombay Stock Exchange (BSE)?
a)
To facilitate stock trading
b)
To regulate currency exchange
c)
To provide banking services
d)
To issue government bonds
15.
What is the concept of 'opportunity cost'?
a)
The total cost of a project
b)
The cost of the next best alternative forgone
c)
The cost of labor
d)
The cost of producing a good or service
16.
What is the full form of SEBI?
a)
State Electricity Board of India
b)
Service Export Board of India
c)
Securities and Exchange Board of India
d)
Small Enterprises Bureau of India
17.
Which of the following is a Sustainable Development Goal (SDG) established by the United Nations?
a)
Promoting global military alliances
b)
Eradicating poverty
c)
Increasing fossil fuel use
d)
Expanding nuclear arsenals
18.
What does liquidity refer to in a financial context?
a)
The ability to pay long-term debts
b)
The ability to convert assets into cash quickly
c)
The total value of a company's assets
d)
The profitability of a business
19.
What is the concept of 'economies of scale'?
a)
The increase in cost per unit as output increases
b)
The reduction in cost per unit as output increases
c)
The constant cost per unit regardless of output
d)
The relationship between price and demand
20.
Which of the following is a key function of marketing?
a)
Research and development
b)
Human resource management
c)
Promotion of products
d)
Financial analysis
100 %
