Economics Quiz Set No. 12

Economics questions have been taken from previous years question papers of different competitive examinations such SSC CGL, SSC CHSL, CDS, NDA, Bank, State PSC, Railways, MAT, CAT, etc.

1 Indian Economy is a/an

A) Independent Economy B) Mixed Economy C) Capitalist Economy D) Communist Economy Answer is required

2 Indian farmers insurance against crop failure is the process of one of the major methods of risks coverage by Indian farmers in?

A) Mixed cropping B) Dry farming C) Relay cropping D) Share cropping Answer is required

3 India's economic planning CANNOT be said to be :

A) indicative B) imperative C) limited D) democratic Answer is required

4 India's wage policy is based on :

A) cost of living B) standard of living C) productivity D) None of these Answer is required

5 Inflation can be contained by:

A) surplus budget B) increase in taxation C) reduction in public expenditure D) All of these Answer is required

6 Inflation implies:

A) rise in budget deficit B) rise in money supply C) rise in general price index D) rise in prices of consumer goods Answer is required

7 Inflationary Gap is a situation characterized by:

A) excess of Aggregate Demand over Aggregate Supply at the full employment level B) gap between Galloping Inflation and Runaway Inflation C) Inflation coupled with recession D) Inflation that usually prevails in a developing country Answer is required

8 Invisible Export means export of

A) Services B) Prohibited goods C) Restricted goods D) Goods as per OGL list Answer is required

9 IRDP was introduced during the

A) Sixth Five Year Plan B) Fifth Five Year Plan C) Fourth Five Year Plan D) Third Five Year Plan Answer is required

10 J. B. Say's Law of Market was not accepted by

A) Adam Smith B) Marshall C) Malthus D) David Ricardo Answer is required

Online Economics Quiz Set No - 12