| 1. |
The headline inflation in India is measured in: |
| A. | wpi |
| B. | cpi |
| C. | gdp deflator |
| D. | all |
| Answer» A. wpi | |
| 2. |
The working group in India include in the age: |
| A. | 14 to 55 |
| B. | 15 to 59 |
| C. | 20 and above |
| D. | 25 and above |
| Answer» B. 15 to 59 | |
| 3. |
The main type of un employment referred by the Classicals: |
| A. | voluntary |
| B. | involuntary |
| C. | both |
| D. | none |
| Answer» A. voluntary | |
| 4. |
The main type of un employment referred by the Keynesian: |
| A. | voluntary |
| B. | involuntary |
| C. | both |
| D. | none |
| Answer» B. involuntary | |
| 5. |
The main type of un employment referred by the Post-Keynesians: |
| A. | voluntary |
| B. | involuntary |
| C. | natural rate |
| D. | none |
| Answer» C. natural rate | |
| 6. |
Main reason for frictional unemployment is : |
| A. | lack of opportunities |
| B. | low wage |
| C. | high cost |
| D. | market imperfection |
| Answer» D. market imperfection | |
| 7. |
Okun’s law related with : |
| A. | unemployment and growth rate |
| B. | inflation and growth rate |
| C. | wage lose |
| D. | none |
| Answer» A. unemployment and growth rate | |
| 8. |
The term Stagflation is coined by: |
| A. | samuelson |
| B. | iain macleod |
| C. | keynes |
| D. | none |
| Answer» B. iain macleod | |
| 9. |
Long run Phillips Curve is : |
| A. | parallel |
| B. | horizontal |
| C. | vertical |
| D. | kinked |
| Answer» C. vertical | |
| 10. |
In business cycle, depression is followed by: |
| A. | . boom |
| B. | recovery |
| C. | recession |
| D. | none of the above |
| Answer» B. recovery | |
| 11. |
A business cycle has: |
| A. | three phases |
| B. | four phases |
| C. | five phases |
| D. | six phases |
| Answer» B. four phases | |
| 12. |
Open market operations refer to the sale and purchase by the RBI of: |
| A. | gold |
| B. | foreign exchange |
| C. | government securities |
| D. | all the above |
| Answer» C. government securities | |
| 13. |
Which of the following is not an objective of monetary policy? |
| A. | price stability |
| B. | balance of payments equilibrium |
| C. | economic growth |
| D. | reduction in export |
| Answer» D. reduction in export | |
| 14. |
Which of the following is not a quantitative credit control measure? |
| A. | bank rate |
| B. | cash reserve ratio |
| C. | regulation of margin requirement |
| D. | open market operation |
| Answer» C. regulation of margin requirement | |
| 15. |
Which of the following is not an element of high Powered money? |
| A. | currency |
| B. | repos |
| C. | required reserves |
| D. | excess reserves |
| Answer» B. repos | |
| 16. |
The ratio of money supply to high powered money is: |
| A. | slr |
| B. | crr |
| C. | money multiplier |
| D. | bank rate |
| Answer» C. money multiplier | |
| 17. |
Fiscal Policy is a policy of the |
| A. | central bank |
| B. | government |
| C. | finance commission |
| D. | finance minister |
| Answer» B. government | |
| 18. |
Fiscal Policy includes: |
| A. | expenditure policy |
| B. | tax policy |
| C. | both a and b |
| D. | neither a nor b. |
| Answer» C. both a and b | |
| 19. |
The objective of Monetary Policy is : |
| A. | to print notes of desired denominations |
| B. | to control cost and supply of money |
| C. | to provide loan to government |
| D. | none of these |
| Answer» A. to print notes of desired denominations | |
| 20. |
Fiscal Policy refers to policy towards: |
| A. | public revenue |
| B. | public expenditure |
| C. | public debt |
| D. | all of the above |
| Answer» D. all of the above | |
| 21. |
In a closed economy which of the following is not a macroeconomic objective? |
| A. | national income growth |
| B. | price level stability |
| C. | bop stability |
| D. | employment |
| Answer» C. bop stability | |
| 22. |
A business cycle is composed of ------phases: |
| A. | 2 phase |
| B. | 3 phase |
| C. | 4 phase |
| D. | no phase |
| Answer» C. 4 phase | |
| 23. |
The percentage of deposits of commercial banks statutorily kept with the RBI is : |
| A. | cash reserve ratio |
| B. | statutory liquidity ratio |
| C. | repo rate |
| D. | none of these |
| Answer» A. cash reserve ratio | |
| 24. |
Peak is the --- turning point of the business cycle. |
| A. | upper turning point |
| B. | lower turning point |
| C. | middle turning point |
| D. | none of these |
| Answer» A. upper turning point | |
| 25. |
The trough of a business cycle occurs when hits its lowest point. |
| A. | inflation |
| B. | the money supply |
| C. | aggregate economic activity |
| D. | the unemployment rate |
| Answer» C. aggregate economic activity | |
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