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Free download PDF of Banking Awareness multiple choice questions(mcqs) and answers for IBPS Exam. These banking awareness quiz objective questions answers include mcqs on Human Development Index, NABARD, economy etc.
(21)
Which of the following is a major concept frequently referred in the economic literature of Nobel laureate Dr. Amartya Sen?
[A]
Capability to function
[B]
Corporate ethics
[C]
Negative freedom
[D]
Positive freedom
[E]
Welfare economics
Comment
(22)
What Gross Domestic Product?
[A]
It is the market value of all final goods and services made in the country
[B]
It is the cost production of all final goods and services made in the country
[C]
It is the cost of services made within the borders of a country in a year
[D]
It is the market value of all final goods and services made within the borders of a country in a year
[E]
None of the above
Comment
(23)
Refinance facility is provided by NABARD. Which institutions can avail this facility?
[A]
Commercial bank
[B]
Regional rural banks
[C]
State cooperative banks
[D]
State Agricultural Development Finance Companies (ADFCs)
[E]
All of the above
Comment
(24)
The largest share of Gross Domestic Product (GDP), in India comes from
[A]
Service sector
[B]
Defense and allied sector
[C]
Agriculture and allied sector
[D]
Manufacturing and construction
[E]
Defense and public administration
Comment
(25)
Gross Domestic Product (GDP) is defined as the value of all
[A]
Goods and services in an economy in a year
[B]
Goods produced in an economy in a year
[C]
Final goods and service produced in an economy in a year
[D]
Final goods produced in economy in an economy in a year
[E]
None of the above
Comment
(26)
Intermediate goods are not included from GDP because
[A]
Their inclusion would understate GDP
[B]
Their inclusion would involve double counting
[C]
Value of intermediate goods is unknown
[D]
They represent goods that have never been purchased so they cannot by counted
[E]
The premise of the question is incorrect because intermediate goods are directly included in calculating GDP
Comment
(27)
The GDP is the value of all final goods and services produced
[A]
Within the nations boundaries
[B]
By citizen of the country
[C]
By domestically owned companies
[D]
By domestically controlled companies
[E]
None of the above
Comment
(28)
Which of the following is one the indicators of Human Development Index
[A]
Life expectancy at birth
[B]
Total cost of the agricultural land with a family
[C]
Nature of employment, casual permanent or semi-permanent
[D]
Total area of the agricultural land with a family
[E]
None of the above
Comment
(29)
In economic terms, the total market value of all final goods and services produced in a country in a given year is known as
[A]
PPP
[B]
GDP
[C]
GNI
[D]
INFLATION
[E]
wealth of a nation
Comment
(30)
The higher rate of growth of economy certainly reduces
[A]
population of country
[B]
Gender inequalities
[C]
poverty
[D]
flow of foreign direct investment
[E]
None of the above
Comment
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