Competitive Exams: Economics MCQs (Practice-Test 66 of 122)
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Which one of the following methods is being adopted by the Reserve Band of India to neutralize the impact of increasing foreign exchange reserves on inflation in India?
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Contracting the supply of money through sale of securities.
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Purchasing foreign exchange from the authorize dealers and sterilizing the impact of increase in M3 through the sale of securities.
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Importing larger quantities of goods and services
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Depositing foreign exchange with the
IMF
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The figure shown above is associated with which of the following?
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Competitive Equilibrium
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Monopoly Equilibrium
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Monopolistic Competition Equilibrium
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Monopolistic Competition Equilibrium
Select the correct answer from the codes given below:
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1 and 2
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2, 3 and 4
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1 only
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3 and 4
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Which one of the following gives the correct relationships between marginal revenue (MR), price elasticity (e), and price (P)
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MR = 1 P e-
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MR e 1 P e- = =
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P e 1 MR e- =
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MR = P 1
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N/A
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The Government of India reduced the peak rate of customs duty in the financial year 2002 − 2003
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30%
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25%
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20%
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15%
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Match List I with List II and select the correct answer using the codes given below the Lists:
List-I List-II -
Points to the right of IS curve
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Points to the left of IS curve
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Points above the LM curve
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Points below the LM curve
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excess demand for money
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Excess demand for goods
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Excess supply of goods
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Excess supply of money
- A
- B
- C
- D
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- 4
- 2
- 3
- 1
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- 3
- 1
- 4
- 2
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- 4
- 1
- 3
- 2
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- 3
- 2
- 4
- 1
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Which one of the following pairs is not correctly matched?
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- Revenue Receipts
- Tax Revenue + NonTax Revenue
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- Total Receipts
- Revenue Receipts + capital Receipts
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- Revenue Expenditure
- Revenue Deficit + Revenue Receipts
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- Primary Deficit
- Revenue Deficit-Interest Payments.
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The Human Development Index (HDI) measures the overall achievements in a country in three basic dimensions of human development which of the following is/are not among them?
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Longevity and health
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Education and Knowledge
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Women and child development
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Decent standard of living
Select the correct answer using the codes given below:
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5 only
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3 and 4
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2 and 3
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1 and 4
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Consider the following exchange rate regimes:
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par value system
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Flexible and the market determined exchange rate system
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Basket pegged regime
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Liberalised exchange rate managed system
The correct sequence of these in India is
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2 − 3 − 4 − 1
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1 − 2 − 3 − 4
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1 − 3 − 2 − 4
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1 − 3 − 4 − 2
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By which year, would the multi-fibre agreement be completely phased out under WTO agreement?
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2006
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2005
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2004
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2007
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What happens to the LM curve in a situation where the money supply rises?
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The LM curve does not change at all
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The LM curve shifts to the left
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The LM curve shifts to the right
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The LM curve becomes parallel to the horizontal axis
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As per medium term Export Strategy (MTES) for 2002 − 2007 India targets to achieve which one of the following share of global trade by 2007
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35
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2%
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1%
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4%
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In the diagram, the exchange rate between US dollar and Indian Rupees is shown on the Y-axis, while the amount of foreign exchange is shown on X-axis. DD represents demand curve for foreign exchange. SS represents supply curve of foreign exchange. Equilibrium exchange rate is given by ‘Or’ at Rs. 45 for $1. A shift in the demand curve to the right to D1 D1 leads to which of the following?
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Establishment of a new equilibrium exchange rate.
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New amount of foreign exchange demanded and supplied
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Fall in the value of India Rupee
Select the correct answe4r using the codes given below:
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1 and 2
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2 and 3
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1 and 3
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1, 2 and 3
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For which of the following purposes are S. D. Rs. Used by a country?
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to achieve factor-price equalization
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To acquire foreign exchange to cover deficits
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To repurchase its own currency from other countries
Select the correct answer using the codes given below:
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1, 2 and 2
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1 and 2
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2 and 3
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1 and 3
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Match List (Investment Criteria) with List II (Economists) and select the correct answer using the codes
List-I List-II -
The SMP criterion
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The marginal per capita reinvestment criterion
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The marginal growth contribution criterion
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The time series criterion
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Elasticity of substitution
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Spatial competition
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quasi rent
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monopolistic
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Monopolistic competition
- A
- B
- C
- D
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- 2
- 3
- 4
- 1
-
- 4
- 1
- 2
- 3
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- 2
- 1
- 4
- 3
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- 4
- 3
- 2
- 1
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Match List I with List II and select the correct answer using the codes given below the List:
List-I List-II -
Elasticity of substitution
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Spatial competition
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quasi rent
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Monopolistic competition
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Hotelling
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Hicks
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Chamberlin
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Marshall
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Edgeworth
- A
- B
- C
- D
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- 2
- 4
- 5
- 3
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- 3
- 1
- 4
- 2
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- 2
- 1
- 4
- 3
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- 3
- 4
- 5
- 2
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