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Economics Mock ...

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  • Question 1
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    The 'transformation curve' is also known as the:

  • Question 2
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    Which economist gave the theory of Opportunity Cost?

  • Question 3
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    A rise in income leads to fall in the demand of ________.

  • Question 4
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    Mixed Economy refers to

  • Question 5
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    Which among the following is used to measure slope of indifference curve?

  • Question 6
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    Normally, there will not be a shift in the demand curve when

  • Question 7
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    The demand curve for a Giffen good is _______.

  • Question 8
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    What kind of relationship exists between income and demand in case of normal goods? 

  • Question 9
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    Which one of the following was the experience during Great Depression of 1929?

  • Question 10
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    Which among the following is NOT one of the four main factors of production?

  • Question 11
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    Gross Domestic Product can be defined as____________. 

  • Question 12
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    Which of the following is correct in context to the term, Economic Depreciation?

  • Question 13
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    Which of the following is incorrect about Real GDP?

  • Question 14
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    Average propensity to consume is _______.

  • Question 15
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    "Law of demand" implies that when there is excess demand for a commodity, then _________.

  • Question 16
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    From the following, a real investment is :

  • Question 17
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    What is the full form of NPA in context of Banking System?

  • Question 18
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    The total liability of the monetary authority of the country, Reserve Bank of India, is called the _______

  • Question 19
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    What is Repo Rate?

  • Question 20
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    Which one of the following is not a function of money?

  • Question 21
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    Which of the following combinations of money supply is characterized as broad money?

  • Question 22
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    Which of the following is not a ‘Public Good’?

  • Question 23
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    Which of the following stances of fiscal policy is undertaken when an economy is in neither a recession nor an expansion?

  • Question 24
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     Which of the following taxation system works in the favour of poors?

  • Question 25
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    Which one of the following represents a progressive tax structure?

  • Question 26
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    Which of the following is NOT the main foreign exchange reserve in India?

  • Question 27
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    Which of the following is correct regarding Managed Floating exchange rate?

  • Question 28
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    Any current account deficit is of necessity financed by a ________.

  • Question 29
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    Bretton Woods’s institutions is famously referred to?

  • Question 30
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    A 'closed economy' is an economy in which?

  • Question 31
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    India's economy on the eve of independence was?

  • Question 32
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    Which of the following is/are the main objective of Land Reforms in India?

  • Question 33
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    Which among the following states achieved the most amount of success in the land reform program implemented after independence in our country?

  • Question 34
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    What is the main feature of New Economic Policy launched in the year 1991?

  • Question 35
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    The National Food Security Act was passed in the year _________.

  • Question 36
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    Which type of poverty refers to a lack of basic resources needed to maintain health and bodily functioning ?

  • Question 37
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    Who determines the MSP for agricultural crops in India?

  • Question 38
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    Daily wage work is a type of __

  • Question 39
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    Which of the following statements is correct about Special Economic Zones?

  • Question 40
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    Great Leap Forward campaign was initiated by __________.

  • Question 41
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    Which country adopted 'one child policy' in 1980 to regulate its population?

  • Question 42
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    In which country is the port of Hambantota located?

  • Question 43
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    Which Five Year Plan was a failure due to India-China war followed by Indo-Pakistan?

  • Question 44
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    Pakistan has leased Gwadar port to state-run firm of which country for 40 years?

  • Question 45
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    Which of the following is not a component of aggregate demand ?

  • Question 46
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    Substitute good will have _________ cross-price elasticity, and Complement goods will have ________ cross-price elasticity.

  • Question 47
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    What was the purpose of the Industrial Policy Resolution of 1956?

  • Question 48
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    Multipliers will be lower with which one of the following?

  • Question 49
    5 / -1

    In which of the following economy, both "Profit Motive and Social Welfare" take place?

  • Question 50
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    If interest payment is included in Primary Deficit then it is equal to–

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