#Economics Magme 032

#Economics  Magme 032

1.On the administered price of which of the following articles no subsidy is given?

a. DAP                   b.ATF                    c.LPG                     d. Kerosene oil

2. Which among the following statements is not true when there is an increase in interest rate in an economy?

a. increase in savings                      b. decrease in saving                      c. increase in production cost

d. increase in capital

3. How the in interest-level of a country is affected  by FDI?

a. increases                        b.decrease                         c. Remains unaffdected               

d. there is increase or decrease

4. Which among the following has the least possibility of globalization?

a. selection of labour force                                                          b. location of capital works

c. to manage resources for  investment                                 d. increase in infrastructure

5. Which among the following is not a non – customs duty obstacle in the world trade?

a. quantity restriction                     b. establishment of standard of labour in manufacturing

c. determination of import duty uniformly           d. restrictions o goods quality

6. Which among the following is not the outcome of decrease in prime lending rate?

a. to raise the bank loan                                b. decline in saving rate                                 c. decline in productivity

d. increased demand of consumer products

7. If people’s income of a country is denoted in a curved line space that it has increased then what does it denote?

a.The income is increasing                                                          

b. The income is decreasing

c. Dissimilarity is decreasing in income distribution           

d. Dissimilarity in income distribution is increasing

8. Multiplier process in economic theory is conventionally taken to mean

a. the manner in which prices increases                                 b. the manner in which banks create credit

c. income of an economy grows on account of an initial investment

d. the manner in which government expenditure increase

9. A financial instrumentis called a primary security if it represents the liability of

a. some ultimate borrower                                          b. the government of india         

c. a primary cooperative bank                                    d. a commercial bank

10. Personal disposable income is

a. always equal to personal income                                         b. always more than personal income

c. equal to personal income minus direct taxes paid by household

d. equal to personal income minus indirect taxes

ANSWER KEYS

1.B	2.D	3.B	4.B	5.C
6.C	7.C	8.C	9.A	10.C