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Q1. Which organisation computes the house price index (HPI) ?

(a) NCS

(b) SEBI

(c) NHB

(d) NSO

 

Q2. Which of the following recommended for the formation of National statistical commission

(a)  Ashok Mehta Committee

(b)  Bimal Jalan committee

(c)  Narasimham Committee

(d)  C. Rangarajan Economic Advisory Council

 

 Q3. The Green Revolution in India has contributed to

(a) inter-regional inequality

(b) inter-class inequality

(c) inter-crop inequality

(d) all of the above

 

Q4.The Reserve Bank of India issues currency notes under the—

(a) Fixed fiduciary system

(b) Maximum fiduciary system

(c) Fixed minimum reserve system

(d) Proportional reserve system

 

Q5. The law of scarcity:

(a) does not apply to rich, developed countries.

(b) applies only to the less developed countries.

(c) implies that consumers’ wants will be satisfied in a socialistic system.

(d) implies that consumers wants will never be completely satisfied.

 

Q6. Why is demographic dividend likely to be manifested in India in future?

(a) Population in the age group between 8-15 years is likely to increase.

(b) Population of children below 7 years is likely to increase

(c) Population in the age group of 15-64 years is likely to increase

(d) Population in the age group above 65 years is likely to increase

 

Q7.Economic planning is a special feature of 

(a) Socialistic economy

(b) Mixed economy

(c) dual economy

(d) capitalistic economy

 

Q8. Which of the following is the cost side measure to check inflation?

(a) Government may import

(b) Government may Increase production

(c) Government may Improve storage

(d) Increasing Income of people

 

Q9. In which type of Inflation prices shoot up overnight?

(a) Galloping Inflation

(b) Shoot Inflation

(c) Bottleneck Inflation

(d) Hyper Inflation

 

Q10. During Inflation

(a) lender suffer

(b) borrower benefit

(c) Both a & b

(d) None

 

ANSWER:-

1)(c) NHB

2)(d)  C. Rangarajan Economic Advisory Council

3)(d) all of the above

4)(c) Fixed minimum reserve system

5)(d) implies that consumers wants will never be completely satisfied.

6)(c) Population in the age group of 15-64 years is likely to increase

7)(a) Socialistic economy

8)(d) Increasing Income of people

9)(d) Hyper Inflation

10)(c) Both a & b

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