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Online Economics Quiz Set No - 13

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.

121) Liberalisation, Privatisation & Globalisation are the aims of
A) Economic Planning
B) Socialistic pattern of society
C) Land Reforms
D) Economic Reforms

122) Liquidity preference means
A) Refraining from consumption
B) Desire of the public to hold cash
C) Showing preference to hold capital assets
D) Showing preference to hold bonds and securities

123) M1 includes:
A) currency with public
B) demand deposit with bank
C) other deposits with RBI
D) All of these

124) Micro-economics is also called
A) Investment theory
B) Price theory
C) Expenditure theory
D) Income theory

125) If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation?
A) Decrease
B) Increase
C) No change
D) None of these

126) Mixed economy means an economy where ?
A) There is co-existence of public sector along with private sector
B) Both agriculture and industry are equally promoted by the state
C) Economy is controlled by military as well as civilian rulers
D) There is importance of small scale industries along with heavy industries

127) Monetary Policy in India is formulated by?
A) Finance Ministry
D) Planning Commission

128) Which of the following is not an asset held by commercial banks?
A) Bills of exchange
B) Current account deposits
C) Credit balances with the Reserve Bank
D) Money lent at short notice

129) Most important responsibility of a Welfare State is?
A) To check exploitation
B) To check violation of Fundamental Rights
C) To preserve private property
D) To promote religion

130) National Development Council was set up in:
A) 1948
B) 1950
C) 1951
D) 1952