Economics 9

Welcome to your Economics 9

1. The first Regional Rural Bank “Prathama Grameen Bank” was set up on October 2

a) 1975
b) 1979
c) 1987
d) 1957

(a)

(b)

(c)

(d)

2. Mizoram Rural Bank/Founded – 27 September

a) 1980
b) 1982
c) 1983
d) 1984

(a)

(b)

(c)

(d)

3. People engaged in primary activities are called _____ workers due to the outdoor nature of their work.

a) Red-collar
b) White-collar
c) Green-collar
d) Yellow-collar

(a)

(b)

(c)

(d)

4. What happens when CRR is increased?

a) it decreases money supply
b) it decreases inflation
c) it increases demand for money
d) all of the above

(a)

(b)

(c)

(d)

5. What do we call the rate at which the Reserve Bank of India lends money to commercial banks?

a) repo rate
b) reverse repo rate
c) CRR
d) SLR

(a)

(b)

(c)

(d)

6. Who is the chairperson of the Monetary Policy committee of India?

a) Finance Minister
b) Prime Minister
c) RBI Governor
d) Chief Economic Adviser

(a)

(b)

(c)

(d)

7. Which of the following concepts is the opposite of inflation?

a) Deflation
b) Stagflation
c) Recession
d) None of the above

(a)

(b)

(c)

(d)

8. Inflation is measured by _______

a) Consumer price index
b) Wholesale price index
c) Marshall’s index
d) None of the above

(a)

(b)

(c)

(d)

9. The combination of stagnation and inflation is known as ____

a) Stagflation
b) Cost-push inflation
c) Demand-pull inflation
d) None of the above

(a)

(b)

(c)

(d)

10. When the central government reduces the value of the domestic currency in terms of foreign currency, this phenomenon is called ____

a) Depreciation

b) Appreciation

c) Devaluation

d) None of the above

(a)

(b)

(c)

(d)

11. Who is the present governor of Reserve Bank of India (RBI)?

(a) Viral Acharya
(b) Urjit Patel
(c) Raghuram Rajan
(d) Shaktikanta Das

(a)

(b)

(c)

(d)

12. Who issues currency notes on behalf of the Central Bank in India?

(a) Reserve Bank of India
(b) State Bank of India
(c) World Bank
(d) None of the above

(a)

(b)

(c)

(d)

13. White Revolution is related to

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

(a)

(b)

(c)

(d)

14. Which of the following institutions deals with the credit to agriculture and rural development?

(a) IDBI
(b) NABARD
(c) ICICI
(d) SIDBI

(a)

(b)

(c)

(d)

15. The economic term used to rank countries according to human development is

a) GDP Per Capita
b) GNP
c) Gini
d) HDI

()

16. Which of the following statements is/are correct?
(1)If a country is experiencing an increase in its per capita GDP, its GDP must necessarily be growing.
(2)If a country is experiencing negative inflation its GDP must be decreasing.
Select the correct answer using the codes given below

a) Only 2
b) Only 1
c) Both 1 and 2
d) Neither 1 nor 2

(a)

(b)

(c)

(d)

17. The concept of Economic Planning in India is derived from which country?

a) UK
b) USA
c) Russia
d) France

(a)

(b)

(c)

(d)

18. The national income of a country for a given period is equal to the

a) Sum of total consumption and investment expenditure
b) Total value of goods and services produced by the nationals
c) Money value of final goods and services produced
d) Sum of personal income of all individual

(a)

(b)

(c)

(d)

19. Planning was considered a prerequisite :
(1)For balanced socio-economic development
(2)For extending the benefits of development in an even manner.
(3)For focussing on removal of regional disparities
(4)For maximizing the utilization of available resources
Select the correct answer using the codes given below :Codes :

a) 1, 2 and 3
b) 1 and 2
c) 2, 3 and 4
d) All the above

(a)

(b)

(c)

(d)

20. Net National Product (NNP) of a country is

a) GDP plus net income from abroad
b) GDP minus depreciation allowances
c) GNP minus net income from abroad
d) GNP minus depreciation allowances

(a)

(b)

(c)

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