Economics 6

1. Which of the following is most liquid measure of money supply in India?

a) M2
b) M3
c) M1
d) M4

2. Which of the following is known as broad money?

a) M1
b) M2
c) M3
d) M4

3. Which of the following statements is true about the Indian monetary system?

a) The Indian monetary system is based on the gold standard
b) The Indian monetary system is based on the credit money standard
c) The Indian monetary system is based on the paper standard
d) The Indian monetary system is based on the metallic standard

4. What happens when margin requirements are increased.

a) There has been no change in the amount of money in circulation.
b) more likely to borrow more money resulting in a rise in the money supply
c) It decreases borrowing capacity and money supply
d) None of the above

5. What is the duration of a financial year?

a) October 1st to September 30th
b) April 1st to March 31st
c) January 1st to December 30th
d) None of the above

11. The steel plants at Durgapur, Bhilai and Rourkela were established during the period of :

(a) First Five Year Plan
(b) Second Five Year Plan
(c) Third Five Year Plan
(d) Fourth Five Year Plan

12. . Which among the following publishes the Ease of Doing Business report?

(a) World Bank
(b) International Monetary Fund
(c) World Economic Forum
(d) The United Nations Development Programme

13. . White Revolution is related to

a)Tomato Production
b)Fish Production
c)Milk Production
d)Meat Production

14. Which state has the forest cover as a percentage of the total area?

[a] Mizoram
[b] Arunachal Pradesh
[c] Assam
[d] Meghalaya

15. When was the first Industrial policy introduced in Independent India?

a)1950
b)1949
c)1948
d)1951

16. Who is called the ‘Father of Economics’?

(a) Max Muller
(b) Karl Marx
(c) Adam Smith
(d) None of these

17. India has:

(a) Socialistic economy
(b) Gandhian economy
(c) Mixed economy
(d) Free economy

18. Dadabhai Naoroji theorised on the drain of wealth from India in his book:

(a) Poverty under British Rule in India
(b) Poverty in British Rule in India
(c) Poverty and Un-British Rule in India
(d) Poverty of Economic Drain in British India

20. Socialist or State economic system is proposed by

a)Adam Smith
b)Karl Marx
c)JM Keynes
d)Will Smith