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Economics Online Mock Test 2 (English)


Economics Online Mock Test for all competitive exams

Test Rules:
  • Objective Type Questions (4 Options)
  • 15 Questions
  • 10 Min's Time
  • Complete Test Give 'Submit' Button. Show your Mark and Correct Answer

Economics Test - 2

  1. Which one of the following is the major feature of the Indian Economy?
  2. A capitalist economy
    A socialist economy
    A mixed economy
    None of the above
  3. The Indian Economy is a _________
  4. Liberal economy
    Socialist economy
    Mixed economy
    None of the above
  5. Mixed economy in India means:
  6. Co-existence of large and small scale industries
    Foreign collaboration in economic development
    Co-existence of public and private sector
    None of the above
  7. The credit of developing the concept of modern economic growth goes to
  8. Arthur Lewis
    Michael P. Todaro
    Gunnar Myrdal
    Simon Kuznet
  9. ‘Underdeveloped countries are the slums of world economy’ the statement is given by
  10. Ragnar Nurkse
    A.N. Cairncross
    Colin Clark
    Jagdish Bhagwati
  11. The Government of India has decided to revise the base for estimating the GDP from
  12. 2001-02 to 2010-11
    2004-05 to 2013-14
    2004-05 to 2011-12
    2001-02 to 2011-12
  13. Which of the following is a sign of economic growth?
  14. An increase in national income at constant prices during a year
    A sustained increase in real per capita income
    An increase in national income at current prices overtime
    An increase in national income along with increase in population
  15. The most appropriate measure of a country’s economic growth is its
  16. Gross Domestic Product
    Net Domestic Product
    Net National Product
    Per Capita Real Income
  17. The Hindu rate of growth refers to the growth rate of
  18. Per Capita Income
    National Income
  19. In India, inflation is measured by the _________
  20. Wholesale Price Index number
    Consumers Price Index
    Producer Price Index
    National Income deflation
  21. For measuring the changes in the price level of the country, which among the following index number is used?
  22. Consumer price index number
    Production index number
    Security price index number
    Wholesale price index number
  23. Economic growth is usually coupled with
  24. Deflation
  25. Inflation rate based on consumer price index increases if
  26. Bank rate is decreased
    Reverse repo rate is decreased
    Statutory Liquidity ration is increased
    Repo rate is increased
  27. The farmers are provided credit from a number of sources for their short and long-term needs. The main sources of credit to the farmers include
  28. The primary Agriculture cooperative societies, commercial banks, RRBs commercial banks and private money lenders
    The NABARD, RBI, commercial banks and private money lenders
    The District Central Cooperative Banks (DCCB), the lead banks, IRDP and JRY
    The large scale multi-purpose Adivasis Programme, DCCB, IFFCO and commercial banks
  29. Which of the following are the objectives of the commission for Agricultural costs and prices (CACP)?
    1. To stabilize agricultural prices.
    2. To ensure meaningful real income levels to the farmers.
    3. To protect the interest of the consumers by providing essential agricultural commodities at reasonable rates though public distribution system.
    4. To ensure maximum price for the farmer.
    Choose the correct answer from the codes given below.
  30. 1, 2 and 3
    1, 2 and 4
    2, 3 and 4
    2, 3 and 4

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