NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 12 of 122)
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- Match List I with List II and select the correct answer:
Table Supporting: NET, IAS, State-SET (KSET, WBSET, MPSET, Etc.) , GATE, CUET, Olympiads Etc. : Economics MCQs (Practice_Test 12 of 122) List-I List-II - Gold currency standard
- Gold Bullion Standard
- Gold Exchange Standard
- International Gold Standard
- It is a device for preserving equilibrium exchange rates in all god standard countries.
- Currency unit convertible to another countryŐšs currency which is on the gold coin standard
- Standard unit of money is a gold coin of a definite weight and fineness reserve against currency notes
- A
- B
- C
- D
- 3
- 4
- 2
- 1
- 3
- 4
- 1
- 2
- 2
- 3
- 4
- 1
- 2
- 3
- 1
- 4
- Consider the following statements: Unanticipated inflation is likely to benefit
- debtors.
- Life insurance policy holders.
- persons having fixed deposits with companies.
- Persons having fixed deposits with bank.
- Of these statements:
- 1 alone is correct
- 1 and 2 are correct
- 1,2 and 3 correct
- 2,3 and 4 are correct
- Managed currency is said to be the
- managed currency is said to be the easily
- currency, the intrinsic value of which can be managed by increasing or decreasing its supply
- currency to be managed if the government of the country intervenes in some way or the other to influence the prevailing rate of exchange
- quota of currency to be managed by the central Bank at times of deflation.
- Consider the following statements: Money supply in India can be increased if
- RBI puts out more paper money for circulation.
- the commercial banks expand their credit operations
- The central Government gives more grants of the states the Government of India borrows from the RBI.
- The Government of India borrows from the BRI.
- Of these statements
- 1,2 and 3 are correct
- 2,3 and 4 are correct
- 1,3 are 4 are correct
- 1,2 and 4 are correct
- Income velocity of money depends upon
- frequency of spending money income by the people
- frequency of earning and spending of money
- the speed with money stock moves from income earners to the producers of final goods.
- liquidity preference of cash by the people for the produces of final goods
- Match List I (Type of Banksâź‹Banks) with List II (Functionâź‹Characteristics) and select the correct answer:
Table Supporting: NET, IAS, State-SET (KSET, WBSET, MPSET, Etc.) , GATE, CUET, Olympiads Etc. : Economics MCQs (Practice_Test 12 of 122) List-I List-II - Investment Banks
- Group Banking
- Chain Banks
- Correspondent Bank
- Two or more separately incorporated banks brought under the control of a holding company
- Provide credit on long-term basis
- Banks linked together through deposits by smaller banks of some of their cash reserves with bigger Banks
- Branches of the bank linked together for better mobilisation of deposits
- S Banks brought under common control by a device other than the holding company.
- A
- B
- C
- D
- 1
- 3
- 4
- 5
- 2
- 5
- 4
- 1
- 2
- 1
- 3
- 5
- 2
- 1
- 5
- 3
- Which one of the following methods can be used as an instrument of qualitative control of credit by the C3ent4ral Bank
- Bank Rat Policy
- Changes in margin Requirements
- Variations in Reserve Ratio
- Variations in Reserve Ratio
- Consider the following statements: The two main objectives of fiscal policy in development countries are:
- rapid economic growth
- price stability
- full employment
- equitable distribution
- Select the correct answer using the codes given below:
- 1 and 2 are correct
- 2 and 3 are correct
- 2 and 4 are correct
- 1 and 4 are correct
- the whole burden of a tax will be borne by the sellers, if
- the demand for a commodity is inelastic and supply is perfectly elastic
- the elasticity of demand for a commodity is same as the elasticity of supply of the commodity.
- the demand for a commodity is perfectly elastic and supply is inelastic.
- the elasticity of demand for a commodity is less than the elasticity of supply of that commodity
- Which one of the following pairs is correctly matched?
- Match Item 1: Fiscal deficit
- Match Item 2: G. D. P.
- Match Item 1: Primary deficit
- Match Item 2: Money Supply
- Match Item 1: Monestised deficit
- Match Item 2: Interest payment
- Match Item 1: Budget deficit
- Match Item 2: Revenue expenditure and receipts on Revenue Account
- What is the correct sequence of the following?
- Marrahkesh Declaration.
- smithsonian Agreement.
- Keynes Plan
- Select the correct answer using the codes given below:
- 1,2, 3
- 2,3, 1
- 3,2, 1
- 3,2, 1
- The singer-Prebisch theory maintains that
- less developed countries suffer a welfare loss from secular decline in terms of trade due to primary product exports
- less developed countries always gain in trade when they trade with developed countries.
- less developed countries lose in terms of welfare but gain in terms of foreign exchange
- dependence upon trade for development is not harmful to less developed countries
- Denoting the price of capital and labour by Pk and PL respectively and countries by a and B, if
- country B is relatively labour abundant
- country a is relatively labour abundant
- country a is relatively capital abundant
- relative factor abundance is indeterminate
- The terms of trade for a country will improve as a result of currency devaluation (where SX = export elasticity of supply, SM = import elasticity of supply, DX = export elasticity of demand, DM = import elasticity of demand) if
- SX SM > DXDM
- DX DM > SX SM
- DXDM = SX SM
- SX SM < DX DM
- Consider the following statements: The equivalence between the effects of a tariff and a quota which limits imports by the same amount depends on the assumption that
- there are competitive conditions prevailing abroad.
- there is perfect competition among quota holders.
- there is free competition within the domestic import competing industry.
- 1 along is correct
- 1 and 2 correct
- 1,2 and 3 are correct
- 2 and 3 are correct