Economy mcqs#7

Q 1.To obtain full benefits of demographic dividend, what should India do?

 a.Promoting skill development

b. Introducing more social security schemes

 c.Reducing infant mortality rate

 d.Privatization of higher education

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Q 2.A rise in general level of prices may be caused by

an increase in the money supply

a decrease in the aggregate level of output

an increase in the effective demand

Select the correct answer using the codes given below.

 a.1 only

 b.1 and 2 only

 c.2 and 3 only

 d.1, 2 and 3

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Q 3.Which one of the following groups of items is included in India’s foreign-exchange reserves?

a. Foreign-currency assets, Special Drawing Rights (SDRs) and loans from foreign countries

b. Foreign-currency assets, gold holdings of the RBI and SDRs

 c.Foreign-currency assets, loans from the World Bank and SDRs

 d.Foreign-currency assets, gold holdings of the RBI and loans from the World Bank

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Q 4.Which one of the following is likely to be the most inflationary in its effect?

a. Repayment of public debt

b. Borrowing from the public to finance a budget deficit

 c.Borrowing from banks to finance a budget deficit

 d.Creating new money to finance a budget deficit

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Q 5.Supply of money remaining the same when there is an increase in demand for money, there will be

 a.a fall in the level of prices

 b.an increase in the rate of interest

 c.a decrease in the rate of interest

 d.an increase in the level of income and employment

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Q 6.Economic growth in country X will necessarily have to occur if

 a.there is technical progress in the world economy

 b.there is population growth in X

 c,there is capital formation in X

 d.the volume of trade grows in the world economy

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Q 7.The national income of a country for a given period is equal to the

 a.total value of goods and services produced by the nationals

 b.sum of total consumption and investment expenditure

 c,sum of personal income of all individuals

 d,money value of final goods and services produced

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Q 8. Which of the following grants/ grant direct credit assistance to rural households?

1. Regional Rural Banks

2. National Bank for Agriculture and Rural Development

3. Land Development Banks

Select the correct answer using the codes given below:

 a.1 and 2 only

 b.2 only

 c,1 and 3 only

 d.1, 2 and 3

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