1.What is
the specific feature of a 'Closed Economy'?
No more printing of their currency notes
No Exports or Imports
No more income tax
|
| Answer: No
Exports or Imports |
| |
2. Who
is credited with the statement, ’Supply creates
its own demands’?
Adam Smith
Marshall
J.B. Say
|
| Answer:
J.B. Say |
| |
3. A regressive tax
tends to redistribute income more…
Equally
Unequally
Equitably
|
| Answer:
Unequally |
| |
4. While considering
the Gross National Product (GNP), which of the following
is irrelevant?
Net foreign investment
Private investment
Per capital income of individuals
|
| Answer:
Per capital income of individuals |
| |
5. The ‘Bank
Rate’ is the rate at which the RBI extends credit
to…
Commercial banks
Industry
The public
|
| Answer: Commercial
banks |
|
6. If you look into
the financial sections, you would find “LIBOR”
rate. What is the full form of LIBOR?
London International
Bank Offered Rate
London Inter Bank Offered Rate
London Internet Booking Offered Rate
|
| Answer:
London Inter Bank Offered Rate |
| |
7. What does the term
investment refer to?
Stocks & debentures
Creation of new capital
Sale of shares
|
| Answer:
Creation of new capital |
| |
8. What is the quality
of the demand if the increase in the price of a product
causes a decline of 2.5 % in its demand?
Elastic
Inelastic
Constant
|
| Answer:
Elastic |
| |
9. Who recently launched
a website ‘India 2002’?
Anil Ambani
Harshad Mehta
Pranab Mukherjee
|
| Answer:
Harshad Mehta |
| |
