Daily Updates Mock Test 58

50 Questions | Total Attempts: 145

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Daily Updates Mock Test 58 - Quiz

MOCK TEST 58 SYLLABUS :INDIAN ECONOMY TIME : 20 MINUTES FULL MARKS : 50*5 = 250 EACH QUESTION CARRIES 5 MARKS , - VE MARKING = -1 / WRONG ANSWER আজকের মোক টেস্ট নেওয়া হবে রাত 9. 30 PM থেকে , এই মোক টেস্ট দেওয়া যাবে কাল সকাল 11 টা পর্যন্ত OUR FACEBOOK GROUP : DAILY UPDATES CLICK HERE TO JOIN OUR FACEBOOK PAGE : STUDY MATERIALS FOR ALL CLICK HERE TO FOLLOW OUR TELEGRAM CHANNEL LINK : STUDY MATERIALS FOR ALL CLICK HERE TO FOLLOW PSC SCHOOL INSPECTOR GUIDE BOOK + MOCK TESTS CLICK HERE TO DOWNLOAD


Questions and Answers
  • 1. 
     In a mixed economy,
    • A. 

      All economic decisions are taken by the central authority.

    • B. 

      All economic decisions are taken by private entrepreneurs.

    • C. 

      Economic decisions are partly taken by the state and partly by the private entrepreneurs

    • D. 

      None of the above

  • 2. 
    Which of the following is not a part of World Bank?
    • A. 

      IMF

    • B. 

      IBRD

    • C. 

      MIGA

    • D. 

      IDA

  • 3. 
    Where is the headquarter of World Bank located?
    • A. 

      Geneva

    • B. 

      Rome

    • C. 

      New York

    • D. 

      Washington D.C.

  • 4. 
    ‘Udyog Bandhu’ is a/an ?
    • A. 

      Labour supplying agency

    • B. 

      sick industry rehabilitation agency

    • C. 

      Organisation to assist industrial units in solving time bound establishment and related problems

    • D. 

      Agency for financing industrial development

  • 5. 
    The central problem in economics is that of
    • A. 

      Comparing the success of command versus market economies.

    • B. 

      Guaranteering that production occurs in the most efficient manner.

    • C. 

      guaranteering a minimum level of income for every citizen.

    • D. 

      Allocating scarce resources in such a manner that society’s unlimited needs or wants are satisfied in the best possible manner.

  • 6. 
    Economic liberalization in India started with?
    • A. 

      Substantial changes in industrial licensing policy

    • B. 

      The convertibility of Indian rupees

    • C. 

      Doing away with procedural formalities for foreign direct investment

    • D. 

      Significant reduction in tax rates

  • 7. 
     Quaternary sector implies
    • A. 

      Activities related to mining and quarrying

    • B. 

      Activities related to manufacturing

    • C. 

      Fishing activities

    • D. 

      Research and developmental activities

  • 8. 
    Consider the following statements: I. Government disinvesting its share in various public sector undertakings II. Process of disinvestment is very fast III. Process of disinvestment is very slow and government always falls short of target Which of above statements is/ are true about government policy of disinvestment
    • A. 

      Only I

    • B. 

      I and III

    • C. 

      I and II

    • D. 

      I, II and III

  • 9. 
    An economy achieves “productive efficiency” when:
    • A. 

      Resources are employed in their most highly valued uses.

    • B. 

      The best resources are employed.

    • C. 

      The total number of goods produced is greatest.

    • D. 

      Goods and services are produced at least cost and no resources are wasted.

  • 10. 
    If the PPF is linear, i.e., a straight line, which of the following is true?
    • A. 

      As the production of a good increases, the opportunity cost of that good rises.

    • B. 

      As the production of a good increases, the opportunity cost of that good falls.

    • C. 

      Opportunity costs are constant.

    • D. 

      The economy is not at full employment when operating on the PPF.

  • 11. 
    Gilt-edged market means : 1. bullion market 2. market of government securities 3. market of guns 4. market of pure metals Find out the correct option from the code:
    • A. 

      2 only

    • B. 

      4 and 3 only

    • C. 

      1 and 3 only

    • D. 

      3 only

  • 12. 
    Consider the following statements about ‘hidden price rise’ and select the correct code : 1. A situation of reduction in quality or amount of a product offered at an unchanged price 2. A situation of increase in indirect taxes on goods, which compromises on the quality of the goods offered for sale Code :
    • A. 

      Only 1

    • B. 

      Only 2

    • C. 

      1 and 2 both

    • D. 

      Neither 1 nor 2

  • 13. 
     Periods of less than full employment correspond to
    • A. 

      Points outside the PPF.

    • B. 

      Points inside the PPF.

    • C. 

      Points on the PPF.

    • D. 

      Either points inside or outside the PPF.

  • 14. 
    Disguised unemployment generally means: 1. large number of people remain unemployed 2. alternative employment is not available 3. marginal productivity of labour is zero 4. productivity of workers is low Find out the correct option from the code:
    • A. 

      1 and 4 only

    • B. 

      3 and 1 only

    • C. 

      2 only

    • D. 

      3 only

  • 15. 
    Deficit financing leads to inflation in general, but it can be checked if:
    • A. 

      Government expenditure leads to increase in the aggregate supply in ratio of aggregate demand

    • B. 

      Only aggregate demand is increased

    • C. 

      all the expenditure is denoted national debt payment only

    • D. 

      All of the above

  • 16. 
    When we talk of smart money what are we referring to?
    • A. 

      Internet banking

    • B. 

      FDRs in banks

    • C. 

      credit cards

    • D. 

      demand drafts of banks

  • 17. 
    RTGS stands for............?
    • A. 

      Real Time Gross Settlements

    • B. 

      Reduced Time Gross Settlements

    • C. 

      Relative Time Gross Settlements

    • D. 

      Real Total Gross Securities

  • 18. 
    Many times we read about ‘Hawala’ transactions in newspapers. Hawala, in India, is prohibited under the provision of which of the following Acts?
    • A. 

      Fiscal Responsibility and Budget Management Act

    • B. 

      Banking Regulation Act

    • C. 

      Financial Action Task Force Act

    • D. 

      Foreign Exchange Management Act

  • 19. 
    The difference between visible exports and visible imports is defined as.........?
    • A. 

      Balance of trade

    • B. 

      Balance of payments

    • C. 

      Balanced terms of trade

    • D. 

      Gains from trade

  • 20. 
     In which year was World Bank formed?
    • A. 

      1945

    • B. 

      1956

    • C. 

      1960

    • D. 

      1988

  • 21. 
    PMJDY scheme of government has been recognized by Guiness Book of World Record for -
    • A. 

      Most bank accounts opened

    • B. 

      Most bank accounts opened in a single week

    • C. 

      Most bank accounts opened in a month

    • D. 

      All of the above

  • 22. 
    How many banks were nationalised in the second phase in 1980?
    • A. 

      5

    • B. 

      6

    • C. 

      7

    • D. 

      4

  • 23. 
    What is the slogan of PMJDY?
    • A. 

      Mera Khata Bhagya Vidhata

    • B. 

      Sabke Saath Sabke Vikash

    • C. 

      Aapka paisa, Aapke haath

    • D. 

      Hum Appke, Saath hai

  • 24. 
    What is the full form of SARFAESI Act?
    • A. 

      Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest

    • B. 

      Securitization and Restructurization of Financial Assets and Enforcement of Security Interest

    • C. 

      Securitization and Reconstruction of Financial Assets and Enforcement of Securitization Interest

    • D. 

      All of the above

  • 25. 
    Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short-term securities as a reserve all the time in RBI. In Banking World this is known as?
    • A. 

      CRR

    • B. 

      Fixed Asset

    • C. 

      SLR

    • D. 

      PLR

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