Economic MCQs with answers Page - 8

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Q. The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called

  • (A) Cash reserves
  • (B) Deposit reserves
  • (C) Excess reserves
  • (D) Momentary reserves

A

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Q. The Census of Indian agriculture is done by–

  • (A) Production Method
  • (B) Income Method
  • (C) Expenditure Method
  • (D) Consumption Method

A

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Q. The First Income Committee was established in–

  • (A) 1948
  • (B) 1949
  • (C) 1950
  • (D) 1951

A

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Q. The Central Statistical Organisation (CSO) provides data under a new revised series in which the base year is taken as–

  • (A) 1960-61
  • (B) 1970-71
  • (C) 2011-12
  • (D) 1990-91

A

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Q. Depreciation is equal to–

  • (A) GNP – NNP
  • (B) NNP – GNP
  • (C) GNP – Personal Income
  • (D) Personal Income – Personal Taxes

A

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Q. National Income include–

  • (A) Financial help to earthquake victims
  • (B) Poket money of a child
  • (C) Winning of a lottery Prize
  • (D) Construction of a new House

A

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Q. Other name of Net National Product at market price?

  • (A) National Income
  • (B) Gross Domestic Production
  • (C) Personal Income
  • (D) Per Capital Income

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Q. Compared to rich the poors saving is–

  • (A) A larger part of their income
  • (B) An equal part of their income
  • (C) A small part of their income
  • (D) All of their incomes

A

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Q. One of the main factors that led to rapid expansion of Indian exports is

  • (A) Imposition of export duty
  • (B) Liberalization of the economy
  • (C) Recession in other countries
  • (D) Diversification of exports

A

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Q. A ‘Transfer Income’ is as –

  • (A) Income which is not produced by as production process.
  • (B) Income taken away from one person given over to another.
  • (C) Unearned Income
  • (D) Earned Income

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