FYURLS- Sem -L Bub - Economic ECONOMIC SET 1 Dalt — 13] 66/20e7 MCQS 1 ---- Market is the most volatile market. __arsrx gr wafa afta are ag a. Money market / amr arnt b. Call money Market / ata at arte c. ‘Commercial paper market / aravarfrs tat ant d. Treasury Bill Market / aa ffa arte 2. Money market is a market for /art amie @ ara storerdét are? a. Short term funds / serarctta fret b. Medium term funds / Heam qedte fret Long term funds / atefarette fret d. Medium term and long term funds / seam qadt arf arate 3 Capital Market is regulated by ------- | aisaet arse gr friftea at ot a. RBI / are.at.art b. SEBI/ at c. Money market / art arsirz d. IRDA/ IRDA 4 ‘Rajiv Awas Yojan’ was announced by the Government to have a --------- (usta arava asa sear soreaTSt aT eft art? a. Slum free India/ atrevdt ar art i BC33584B094892E4D8548607F3915F1Db. c. Poverty free India / aft aret Unemployment free India / 7s aE ATT d. | Inequality free India / fasaat ach area The rural India has more than of the total population. / aft 65% Balance of payment always - Equals/ aaa aad Balances / freerm sat Surplus / aférsrr Deficit/ q --- in the Capital Current account deficitis balanced by a --- 9 Deficit / Ye Surplus / afearr No change / #1ét aa atét Equal / 741 Market information reduces exploitation of / arsrerdtat sista ae ee a. Farmers / staat RC23SR4ARNOAROIFADRSARKOTFIOISEID*b. Traders / =arart c. Wholesalers / ars faaat d. middleman / weqer Which of the followingis related to Microeconomics? sane are yer seterrenrelt aafirr are? a) The size of national economy / wftt aferrerar arere b) Inflation / wenn c) ‘Unemployment ats d) Behaviour of individual economic units aaftee anf warntt ada 10 Which among the followingis related to the demand curve? aretrertht stort ane aaeft daft ad? a) Relation between quantity demanded and price of a commodity anmft sere vant anftr aeqdt Phra aivardir deter b) Relation between supply and demand of a commodity aeqaT ger aftr anit aieartia aaa c) Relation between income of customer and demand of commodity areata sera aftr aeqet anit ateardtr dae d) None of the above aétrdsit arétét art 11 Which of the following is not a factor affecting the supply of a commodity? areata arrat wen aeqear yxasarat qo act aret? a) Price of commodity at fire b) Change of technology of production seqreq dasa sea c) Change of input prices saqe fadtaet aaa BC33584B094892E4D85A8607F391SF 1Dd) Income of customers areata sere 12 Which among the following is an example of substitution goods? aretattt arora sfaearra aeq sarecr ame? a) Milkand Coffee qm arftr at&t b) Pen and Paper 44 aft ama c) Inkand Pen eng aft t+ d) Tea and coffee war arfar ait 13° Which among the followings related to utility? areftert4t ara srqwast aaifis ae? a) Satisfaction and wants amram arfir sear b) Necessity and wants ae aftr sear c) Usefulness and need saqrrat atftr aor d) None of the above aéaitt arétat argt 14 Whatis Market equilibrium? arse aydte rest Fa? a) Quantity demanded greater than quantity supplied yaar ae MATa Ted arora APT eft ett b) Quantity demanded less than quantity supplied qaat 4eeaT waa at arreft aetet waver ¢) Quantity demanded equal to quantity supplied yaar #earat ATTA ATT Rae TANT d) Quantity demanded is same as quantity produced urmft ert FATT Sea HAT VATS ae 15 Which one out of the following is correct for marginal cost? frate waters arftertht sort ata ae BC33584B094892E4D8SA8607F3915FIDa) Increase in cost due to change in price fradhttt aaarae wate are b) | Increase in cost due to high demand sieq anritqe aatat ae \ c) Increase in cost due to increase in extra unit of output sora afefe aftenet are arearq’ wala ae d) None of the above attetét #toravét arét 16 Which sector is the largest source of employment in India? arcadia terrerat wate ater alt Hat ae? a) Manufacturing Zest b) Agriculture st c) Services aat d) Tourism wea 17 Who maintains official exchange rate in India? areardtat afapa faftaa ax ator wad? a) RBI/ a.atare b) SEBI/ at c) Department of finance / faa faart d) None of the above aétertt aroraét art 18 Which of the following are part of Gross National Product (GNP)? wrefteratt atoret aeneat usty seared (GNP) AT APT area? a) Imports sata b) Exports frafa c) Money earned by resident abroad veaerdtar cfearartft warreret a d) All the above ata ad RC2125R4RNO4ROPEADRSA R607F3915FID19 What does free market in an economy imply? #feraeaa 4 are Est FTA? a) Minimum government intervention in trade and maximum regulations samara fora acer geaara anftr sare faa b) Maximum government intervention in trade and maximum regulations @arad sredta set acarét eeaare anftt ara ae c) Minimum government intervention in trade and minimum regulations =raree frat aearet gece saftr Prara fet d) Maximum government intervention in trade and maximum regulations ara sede set acardt gecaa arfoy sare fer 20 Which organization calculates GDP in India? azardta SST wor srortt deat Hed? a) cso b) NSSO c) Department of Economic Affairs / arfia erage faarr d) Iso BC33584B094892E4D85A8607F3915F1D_x ECONOMICS SET 1 DESCRIPTIVE TYPE QUESTIONS QL. Distinguish between Positive and normative economics { t \ 2 Bxplain the Law of Demand with suitable diagram. 3 What are the different types of elasticity of demand? 2 + Diagrammatically expiain how price is determined using demand and supply curves, jo 00. 2 S Explain the features of Monopoly market structure. ain the Sallent Features of Indian economy . ? What are the reasons attributed to !ow agricult ral production ana productivity in India? ? aina few features of New Industral Policy 1991 S Expiain the features of Indian Capital Market. riteanote WTO. WTO