Competitive Exams: Economics MCQs (Practice-Test 48 of 122)

  1. commercial bank holds the following types of assets:

    1. Treasury bills

    2. Loans and advances

    3. ash

    4. Money at call and short notice

    The correct order in terms of increasing liquidity is:

    1. 3, 4, 1, 2

    2. 4, 1, 3, 2

    3. 3, 2, 1, 4

    4. 2, 4, 1, 3

  2. Should the Reserve Bank wish to intensive the cash with commercial banks, it could

    1. release gold form its rese

    2. buy government bonds in the open market

    3. prohibit transactions involving bills of exchange

    4. increase the cash reserve ratio

  3. Gold Tranche (reserve tranche) refers to

    1. a loand system of the world bank

    2. one of the operations of a Central bank

    3. a credit system granted by WTO to its members

    4. a credit system granted by IMF to its members

  4. Under WTO provisions

    1. the G − 7 countries have veto power to overrule the verdict reached by the dispute Settlement body

    2. upon filing a case by a country or a group of countries the dispute Settlement body has to reach a verdict (even including appeals) within 15 months from the date on which a cases was field.

    3. thee are no agreements on trade in services

    4. all the above statements are correct

  5. The principle of Maximum social advantage is concerned with

    1. taxation only

    2. expenditure only

    3. public debt only

    4. both taxation & public expenditure

  6. justice in taxation is best ensured by applying the principle of

    1. equal absolute sacrifice

    2. equal proportional sacrifice

    3. equal marginal sacrifice

    4. quid pro quo

  7. Tobin tax is a tax on

    1. exports

    2. imports

    3. transactions in foreign exchange

    4. sales

  8. Budgetary deficit does NOT take into account

    1. revenue deficit

    2. capital budget deficit

    3. balance of payment deficit

    4. interest payment on public debt

  9. The sum of squared deviations is the least when taken from

    1. mode

    2. median

    3. arithmetic mean

    4. geometric mean

  10. Suppose the average weight of 9 persons is 50 kg. Average weight of the first 5 persons is 45 kg, whereas average weight of the last 5 persons is 55 kg. Then the weight of the 5th member will be

    1. 45.0 kg

    2. 47.5 kg

    3. 50.0 kg

    4. 52.5 kg

  11. Which one of the following statistical measures is NOT effected by extremely large or shall values?

    1. Median

    2. harmonic mean

    3. Standard deviation

    4. coefficient of variation

  12. Gien is the following distribution of two variables X & Y: Where X: 1, 2, 3, 4, 5 & Y: 3, 4, 5, 6, 7 The standard deviation of Y is

    1. Same as standard deviation of X

    2. (the standard deviation of X) x 2

    3. (the standard deviation of X) + 2

    4. (the standard deviation of X) -2

  13. The standard deviation of six numbers 3, 3, 3, 5, 5, 5 is

    1. 1

    2. 4

    3. 0

    4. Cannot be obtained since the unit of measurement is not given

  14. If for a sample data: Mean < median < mode, then the distribution is

    1. skewed to the right

    2. symmetric

    3. skewed to the left

    4. neither symmetric nor skewed