General MCQs

1. In view of Friedman's money quantity theory ,which one option  is not matched against Money means :
1.Money
2.Bonds
3.Equity
4.all✔

2.Non Accelerating Inflation Rate of Unemployment (NAIRU) means :-
(1) A rate of unemployment for which the change in the rate of inflation is zero.✔
(2) A rate of inflation which makes the rate of unemployment zero.
(3) A rate of inflation for which the change in the rate of unemployment is zero.
(4) A rate of unemployment which is equal to the rate of inflation.

 3.For the capitalist economy, the primary objective of the New Classical Economics is to explain which of the following ?
(1) Business cycle phenomenon
(2) Underemployment
(3) Wage – price rigidity
(4) Effectiveness of Government policy

4. Natural Unemployment is a part of .....
1.Fresheshr Job seekers
2.Exprinced Job seekers but his/her choice 
3.Normal Job seekers in any field  
4. 1 or 2 ✔

5. In which situation money multiplier will be more ?                         
1.Legal reserve ratio more              2.Legal reserve ratio less✔            3.Both                                
4.None

5. A firm in monopolistic competition advertises in order to: 

(1) make its product more similar to its competitors✔
(2) shift the demand curve for its product to the left
(3) make the demand for its product less price elastic
(4) reduce the industry’s price

6. For an economy consumption- income ratio is given to be 18/25 .The incremental capital- output ratio is 4 . Given that population is growing at 2%p.a..what will be the growth rate of per capita income ?
A)204%
B)15%
C)16%
D)9%

7. How many % transaction is done by Government Banking system of all commercial banking system in  India? 
1.75%
2.80%
3.85%✔
4.90%

8.Which one is more liquidity ?
1.M0✔
2.M2
3.M3
4.M4

9.The geometric mean of the numbers 2, 8, 0,16 will be equal to:
1.0✔
2.2
3.4
4.2.5

10.which one is Not  related to  Desi Banking ?
1.Mahajan
2.Desi Bankar
3. Available credit facilities in village by other sources 
4.Self Helf Group✔

11. Which sector people have more income compare of Absolute income ?
1.Tertiary sector
2.Quaternary
3.Quinary
4.All✔

12.At present scene of the economy,what's the money circulation  view of Flatter elasticity ?
1.Increase ✔
2.Decrease
3.Both
4.None

13. If Average propensity to Saving(APS) is 0.2 and capital output ratio 4 which increase  by 20% then what will be Growth in the economy ?
1.7.2
2.4.8✔
3.0.4
4.None

14.If given some information like
Constant Capital 20 Variable Capital 40 And Surplus value 8 what is Aggregate Output ?
1.60
2.52
3.68✔
4.None

15.what is Rate of surplus Value & function  ?
1.20%✔
2.0.2%
3.5%
4.0.5%

16.what is the rate of Profit ?
1.10
2.11%
3.12%
4.13%✔

17.find out organic composition of capital and which type of function is it ?
1.40%
2.50%✔
3.25%
4.20%

18.is its' labour homogenous and imperfect mobile ?
1.Yes
2.No✔
3.Yes/No
4.Yes & Both

19.If Price elasticity of Demand is 0.4 and changing in  price 12%  then what will be result ?
1.4.8% Increase in Demand
2. 4.8% decrease in Demand✔
3.4.8% Increase in price
4.4.8% Increase in price

20.If Price Elasticity of Demand is 0.6 and changing in  price +/- 8%  then what will be result ?
1.4.8% Increase in Demand
2. 4.8% decrease in Demand
3.4.8% Increase in price
4.A or B ✔