JOIN ADRE 2.0 Telegram Group

Economics Questions and Answers for Competitive Exams | Indian Economy Quiz Set 28

Questions
1 Which one of the following assumptions is the most important assumption in the Heckscher - ohlin theorem of international trade ?
1 Two - factor model
2 Two commodities
3 No tariff
4 Constant tariff

Answer:No tariff
2 In dual gap model, the two gaps refer to :
1 Inflationary gap and investment gap
2 Saving gap and deflationary gap
3 Savings constraint and foreign exchange constraint
4 Investment gap and savings gap

Answer:Savings constraint and foreign exchange constraint
Advertisement
Article and Schedule Quiz Start Test!

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

3 What is the value of the Gini coefficient for an income distribution characterised by complete equality incomes ?
1 Zero
2 0.5
3 1
4 infinity

Answer:Zero
4 Which of the following has not been identified as a potential consequence of global warming ?
1 A fall in agricultural yields
2 The spread of disease
3 The use of nuclear energy
4 A rise in sea levels

Answer:The use of nuclear energy
5 Monetary policy is most effective when investment spending is :
1 Interest elastic and demand for money is also interest elastic
2 Interest inelastic and demand for money is also interest inelastic
3 Interest inelastic and demand for money is interest elastic
4 Interest elastic and the demand for money is interest inelastic

Answer:Interest elastic and the demand for money is interest inelastic
6 Slope of the LM Curve depends upon which of the following ?
1 Interest elasticity of investment
2 Interest elasticity of income
3 Interest elasticity of demand for money
4 None of the above

Answer:Interest elasticity of investment
7 In a closed economy and three sector model which of the following is true ?
1 Household savings equal net investment
2 Household savings equal gross investment
3 Household savings plus depreciation equals gross investment plus government spending
4 Household savings plus taxes plus depreciation equals gross investment plus government spending

Answer: Household savings plus taxes plus depreciation equals gross investment plus government spending
8 According to Keynes, the marginal efficiency of capital is the expected :
1 Rate of return on financial assets
2 Profit from real investment
3 Profit from financial investment
4 Rate of return on real investment

Answer:Rate of return on real investment
9 An interest rate risk means :
1 When borrowers fail to fulfil the terms of the loan contract
2 A rise in interest rate will mean a fall in the value of security in the secondary market
3 A rise in interest rate will raise the value of financial security in the secondary market
4 J.R. HicksWhen unintended inflation arises

Answer:A rise in interest rate will mean a fall in the value of security in the secondary market
10 In the classical macro system money determines which of the following ?
1 Output and Prices
2 Employment and Prices
3 Output and Employment
4 Prices

Answer:Prices
11 When nominal GDP is ` 11,000 crores and real GDP is ` 10,000 crores, GDP deflator is :
1 9.09
2 90.91
3 1.11
4 110

Answer:110
12 Recently the base year for calculating GDP in India has been changed to :
1 2009 - 10
2 2011 - 12
3 2014 - 15
4 2004 - 05

Answer:2011 - 12
13 Which of the following states has the largest share in the total food grains produced in India ?
1 Punjab
2 U.P.
3 Haryana
4 M.P.

Answer:U.P.
14 JAM trinity means :
1 Jan - Dhan Account Money
2 Jan, Awas, Money
3 Jan - Dhan Yojana, Aadhar, Mobile Numbers
4 Jyoti, Aadhar, Mobile

Answer: Jan - Dhan Yojana, Aadhar, Mobile Numbers
15 Who is the originator of ‘Buddhist Economics’ ?
1 Lee Kuan Yew
2 Dalai Lama
3 E.F. Schumacher
4 Shinzo Abe

Answer:E.F. Schumacher

View All Economics Practice Test Sets

ADRE 2.0 FULL LENGTH MOCK TEST

Take Mock Tests

Missiles Mock Test Start Test!
SSC MTS Mock Test Start Test
IBPS CLERK MOCK TEST Start Test
SSC MTS 2022 JULY 26 Shift 1 (ENGLISH) Start Test!
SSC GD Previous Year Paper 2021 Nov 17 Shift - I (Hindi) Start Test!
SSC CGL Tier - 1 PYP 2022 April 21 Shift- 1 (ENGLISH) Start Test!
MPSC PAPER I MOCK TEST 1 (ENGLISH) Start Test!
IB Security Assistant Mock test 1 (english) Start Test!
UP POLICE CONSTABLE MOCK TEST 1 Start Test!
DELHI POLICE CONSTABLE MOCK TEST 1 (HINDI) Start Test!
Advertisement
Assam Direct Recruitment Test Series