Economics Mock Test series - 10

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While calculating HDI, the maximum value for Life Expectancy at birth(Years) are taken as

85 and 25

90 and 30

80 and 20

100 and 25

Yen is the currency of

China

South Korea

Taiwan

North Korea

What is the correct definition of the term 'Commercial Papers'?

It is the name of the 'Certificate of Deposits' provided by the Banks to its retail customers.

It is one of the instruments through which corporates raise debt from the market.

It is nothing but the popular name of the judicial stamp papers used to register financial transactions.

Both a and b

Which of the following is the name of the organisation, created to provide full employment and self-reliance to the women folk in India?

SEWA

SVP

OECD

ROSCA

Many times we read in newspapers that the RBI has revised certain rates/ratios under LAF. What is the full form of LAF?

Liquidity Adjustment Facility

Legal Adjustment Facility

Long-term Achievement Facility

Legal Adjustment Formality

Indian agriculture is typically characterised as

land scare, labour scare economy

land surplus, labour surplus economy

land surplus, labour scare economy

land scare, labour surplus economy

Under the minimum reserve system, the Reserve Bank of India as the sole authority of note issue is required to maintain assets worth not less than

210 crore of rupees

200 crore of rupees

115 crore of rupees

85 crore of rupees

The stance of RBI's monetary policy is

improving credit quality of Banks

strengthening credit delivery mechanism

Any of the above

inflation control with adequate liquidity for growth

The Narasimhan Committee(1991) on financial reforms proposed for establishment of a

Two tier hierarchy of the Banking Structure.

Four tier hierarchy of the Banking structure.

United control by the apex institutions.

Three tier hierarchy of the Banking structure.

10.

Which of the following indexes is developed to measure life expectancy, level of literacy, education and standard of living of people in a country?

SLR

Inflation

Human Development Index(HDI)

Sensex

11.

High rates of interest in a low inflation regime

attract people to make an investment

are not favorable for credit expansion

create atmosphere for capital formation

discourage people to make an investment

12.

Agriculture sector directly employs one of the following percentage of labour force in India?

20.54%

54.5%

40.2%

30.15%

13.

TRIPS and TRIMS are the term associated with

IDA

IMF

WTO

IBRD

14.

National Rural Health Mission(NRHM) was launched in the year

2005

2003

2006

2004

15.

VAT is imposed

On final stage of the production

On first stage of the production

Directly on consumer

On all stages between production and final sale

16.

'Currency Futures' are jointly regulated by the RBI and which of the following other banks?

SBI

NABARD

SIDBI

SEBI

17.

Which statements is an appropriate description of deflation?

It is a sudden fall in the value of currency against other currencies.

It is a persistent fall in the general price level of goods and services.

It is a persistent recession in both the financial and real sectors of economy.

It is a fall in the rate of inflation over a period of time.

18.

Central Co-operative Banks work at

National level

District level

State level

Block level

19.

The Bonded Labour System(Abolition) Act was legislated in

1974

1977

1976

1978

20.

Which of the following forms the largest share of deficit in Government of India budget

Budgetary deficit

Fiscal deficit

Revenue deficit

Primary deficit

21.

Which one of the following methods of soil conservation is most effective in arid areas?

Shelter belt

Terracing

Mulching

Gully plugging

22.

Insider trading is related to

Horse racing

Share Market

Taxation

International trade

23.

What is called Sunrise industry?

Jewellery

Copper

Plastic

Automobile

24.

Government of India, for the first time nationalised 14 large Commercial Banks in the year

1959

1969

1956

1971

25.

When the prices of commodities, goods and services start declining consistently, the phenomenon is known as

Discount yield

Negative growth

Deflation

Market Capitalism

Economics Mock Test series - 10

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