List of practice Questions

European Monetary Union was created in __________.

According to the Theory of Consumer Behaviour, Inequality p₁​x₁​+p₂​x₂​\(≤\)M is called the Consumer's ___________ .

An MRI machine is purchased by a hospital at Rs 27 lakhs with an expected life of 12 years. What will be the value of annual depreciation?

Disinvestment by the government is an example of:

Match List-I with List-II:

Choose the correct answer from the options given below:

Put the following processes under agricultural marketing in the correct order:
(A) Assembling
(B) Transportation
(C) Processing
(D) Storage
Choose the correct answer from the options given below:

Paradox of Thrift implies:

During the 1980s, Pakistan's growth rate improved due to which of the following reasons?

Identify the correct statement in the context of Circular Flow of Income in a two-sector economy:

Value of MPS (Marginal Propensity to Save) is increased from 0.4 to 0.5. What would be the impact on Multiplier ?

Which of the following statements are true ?
(A) Quantitative tools control the extent of money supply by changing the CRR.
(B) There are two types of open market operations – outright and upright.
(C) A fall in the bank rate can decrease the money supply.
(D) Selling of a bond by RBI leads to reduction in quantity of reserves.
(E) The RBI can influence money supply by changing the rate at which it gives loan to the commercial
banks.
Choose the correct answer from the options given below :

Choose the correct chronological sequence in ascending order (earliest to latest) :
(A) Establishment of NABARD
(B) FRBMA (Fiscal Responsibility and Budget Management Act)
(C) Third Five Year Plan
(D) Nationalization of RBI

Match List-I with List-II:

List-I (Characteristic)		List-II (Implication)
A	Equilibrium	(I)	Plans of all the consumers and firms in the market match
B	Excess supply	(II)	Demand decreases with an increase in income
C	Inferior good	(III)	Supply is greater than market demand
D	Price ceiling	(IV)	Imposition of upper limit by government

If there is no government and no foreign trade, then:

If the supply of final goods is assumed to be infinitely elastic at constant price over a short period of time, Aggregate output is determined solely by the value of Aggregate demand. This is called __________ Principle.

Identify the correct statements:
(A) Depreciation is a flow concept
(B) Money supply is a stock concept
(C) Investment is a stock concept
(D) Depreciation is an annual allowance for wear and tear of a consumer good
Choose the correct answer from the options given below:

Which of the following is NOT a component of aggregate demand?

Which of the following are the main causes of individual poverty?
(A) Social exclusion
(B) Indebtedness
(C) Economic and political inequality
(D) Unemployment
Choose the correct answer from the options given below:

Identify the factors responsible for land degradation in India:
(A) Loss of vegetation occurring due to deforestation
(B) Vehicular emissions
(C) Encroachment into forestlands
(D) Forest fires and overgrazing
Choose the correct answer from the options given below:

Which of the following statements is correct about the informal sector?

All those elements which create liability and decrease the assets of government are known as :

Government of India enacted the Right to Education Act in 2009 to make free education a Fundamental Right of all children in the age group of _____ years.

Match List-I with List-II:

List-I		List-II
A	Great Leap Forward	(I)	Protecting the future generation
B	Mao Zedong	(II)	Aimed at industrialising the country on a massive scale
C	Brundtland Commission	(III)	Introduced the Great Proletarian Cultural Revolution
D	Our Common Future	(IV)	Seminal Report that explained sustainable development as meeting the basic needs of all for a better life

During festive season, the currency deposit ratio _____________ .

When Elasticity of Demand is 1 at every point on the Demand Curve, this curve is known as: