Economics MCQ – 4

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Economics MCQ  4

1. IMF stands for

a. International Monetary Fund
b. Indian Money-management Federation
c. International Money-control Federation
d. Indian Monetary Fund

2. IMF was set up in the year

a. 25 September, 1944
b. 27 December, 1944
c. 25 September, 1945
d. 27 December, 1945

3. With respect to production of vegetables, India stands________?

a. First
b. Second
c. Third
d. Fourth

4. India stands fifth in production of pulses?

a. True
b. False

5. “Big Push Theory” was the brain child of?

a. R. Rodan
b. Jack Hamilton
c. Amritya Sen
d. Dr. Abhishek Mathur

6. Gradual decrease of economy is called Autarchy.

a. True
b. False

7. What is Hot Money?

a. black money
b. white money
c. a money which is hard to come but easy to go
d. a money which comes easily and goes easily too

8. Out the below, what does balance sheet show

a. Assets
b. Liabilities
c. Both assets and liabilities
d. Neither of them

9. Central Government is responsible for the poverty line

a. True
b. False

10. First bank completely managed by Indians was

a. Oudh Bank
b. Punab National Bank
c. Oriental Bank of Commerce
d. State Bank of India

11. Out of the below, which is the largest rubber producing state?

1. West Bengal
2. Gujrat
3. Uttar Pradesh
4. Kerala

12. Who is the executive head of the state government?

a. CM
b. PM
c. The Governor
d. Chief Justice of High Court

13. NSSO is full form of National Strategic Survey Organisation

a. True
b. False

14. NSSO was established in the year

a. 1950
b. 1960
c. 1970
d. 1980

15. Father of Economics is Adam Smith

a. True
b. False

16. WTO has head-quarters in
a. Istanbul
b. Geneva
c. New jersey
d. New York

17. Banks in India use banking services of Reserve Bank of India

a. True
b. False

18. Deficit financing implies public expenditure in excess of public revenue

a. True
b. False

19. _______ in a company are also referred to as Debenture Holders.

a. Directors
b. Shareholders
c. Debtors
d. Creditors

20. ICICI is the name of a

a. chemical industry
b. bureau
c. corporation
d. financial institution

21. Expansionist open market operations policy of RBI would imply offering commercial banks more credit in the open market

a. True
b. False

22. When did India change over to the decimal system of coinage

a. 1995
b. 1958
c. 1957
d. 1965

23. Responsibility with respect to regional rural banks is with

a. RBI
b. SBI

24. Concept of currency convertibility was started with which agreement

a. Wells Agreement
b. Taylors Agreement
c. Bretton Woods Agreement
d. None of the above

25. payment made by the government to business enterprises, without buying any goods and services are called subsidies

a. True
b. False

26. Resurgent India Bonds were issued in US dollar, Pound Sterling and Euro

a. True
b. False

27. The ARDC was merged into

a. RBI
c. EXIM Bank
d. None of the above

28. Development in national and international markets is one of the causes of exports surplus.

a. True
b. False

29. Which of the following items would appear in a company’s balance sheet?

a. Value of stocks of raw materials held
b. Individual Salary details
c. Revenue from sales of the company’s products
d. Stock Market Value

30. Depreciation means loss of equipment over time due to wear and tear

a. True
b. False

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