NTSE Economics MCQs Set B

Question: The major cause of growing unemployment is India is -

• a) Poverty
• b) Black money
• c) Illiteracy
• d) Rapid increase in population

Answer: Rapid increase in population

Question: The most important feature of the Consumer Protection Act is the provision for setting up of :-

• a) National Consumer Commission
• b) State Consumer Commission
• c) District Forum
• d) All of the above

Answer: All of the above

Question: Subsidies are given by the government to-

• a) Increase money supply
• b) Lower the prices
• c) To protect some industries from competition
• d) To make necessary products available to the poor, who otherwise could not pay for them if their prices were to be determined by market forces.

Answer: To make necessary products available to the poor, who otherwise could not pay for them if their prices were to be determined by market forces.

Question: Which of following unemployment is caused due to lack of capital ?

• a) Seasonal unemployment
• b) Cyclical unemployment
• c) Technological unemployment
• d) Structural unemployment

Answer: Structural unemployment

Question: The most comprehensive Act which takes holistic view of the disable is -

• a) Rehabilitation Council of India Act, 1992
• b) The Person with Disability Act, 1995
• c) The National Trust for the Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999
• d) All of the above

Answer: The Person with Disability Act, 1995

Question: How much reservations is provided for SC’s and ST’s in the government services ?

• a) 13% and 10%
• b) 15% and 7.5%
• c) 7.5% and 15%
• d) 27%

Answer: 15% and 7.5%

Question: Which of the following Five Year Plans registered the maximum growth rate ?

• a) First five year plan
• b) 2nd
• c) 4th
• d) 7th

Answer: 7th

Question: Globalization of Indian economy means -

• a) Stepping up external borrowings
• b) Establishing Indian business units abroad
• c) Having minimum possible restrictions on economic relations with other countries
• d) Giving up programmes of import

Answer: Having minimum possible restrictions on economic relations with other countries

Question: GATT headquarter was located at -

• a) Geneva
• b) Paris
• c) Washington
• d) Hague

Answer: Geneva

Question: When National income of a country is divided by its total population, it gives -

• a) Gross Domestic Product
• b) Per Capital Income
• c) Net Domestic product
• d) Depreciation

Answer: Per Capital Income

More Questions......................

Question: Developing economies have -

• a) Low per capital income
• b) Low national product
• c) Unemployment
• d) All the above

Answer: All the above

Question: Capitalism is also termed as a-

• a) Free economy
• b) Restricted economy
• c) Flexible economy
• d) None of these

Answer: Free economy

Question: Indian economy is described as an :

• a) Agrarian economy
• b) Restricted economy
• c) Flexible economy
• d) None of the above

Answer: Agrarian economy

Question: The sectors are classified into public and private sectors on the basis of :

• a) Employment conditions
• b) The nature of economic activity
• c) Ownership of enterprises
• d) Number of workers employed in the enterprise

Answer: Ownership of enterprises

Question: DGP is the total value of______produced during a particular year.

• a) All goods and services
• b) All final goods and services
• c) All intermediate goods and services
• d) All intermediate and final goods and services

Answer: All final goods and services

Question: Which was the largest producing sector of India in 2003 ?

• a) Tertiary sector
• b) Service sector
• c) Primary Sector
• d) Private sector

Answer: Tertiary sector

Question: Production of a commodity, mostly through the natural process, in as activity in____sector.

• a) Primary
• b) Secondary
• c) Tertiary
• d) Information technology

Answer: Primary

Question: Our tenth five year plan period was :

• a) 2002 - 2007
• b) 2001 - 2006
• c) 2000 - 2005
• d) None of these

Answer: 2002 - 2007

Question: What is the cause of poverty according to planning commission ?

• a) In inequality and under development
• b) Ignorance and illiteracy
• c) Corruption and in capacities
• d) Unemployment and under productivity

Answer: In inequality and under development

Question: Monetary measures are taken by

• a) Reserve Bank of India
• b) Finance Ministry
• c) Planning commission
• d) Finance commission

Answer: Reserve Bank of India

Question: The main cause of unemployment India -

• a) Poverty
• b) Black marketing
• c) illiteracy
• d) Growth of population

Answer: Growth of population

Question: Planning Commission was established in -

• a) 1950
• b) 1951
• c) 1952
• d) 1949

Answer: 1950

Question: What is the best way to cheek the price rise ?

• a) Rationing of eatables
• b) Price fixing
• c) Monetary Policy
• d) All the above

Answer: All the above

Question: Which type of unemployment is the result of lack of capital and technology ?

• a) Seasonal unemployment
• b) Structural unemployment
• c) Technological unemployment
• d) Cyclical unemployment

Answer: Structural unemployment

Question: A assets that the borrower owns and uses it an a guarantee to a lender until the loan is repaid -

• a) Security
• b) Guaranty
• c) Land
• d) Collateral

Answer: Collateral

Question: This is not covered in Agmark -

• a) Spices
• b) Honey
• c) Wheat
• d) Mustard oil

Answer: Wheat

Question: Consumers Day -

• a) March 15th
• b) June 10th
• c) April 15th
• d) May 16th

Answer: March 15th

Question: With which the concept of global village is related ?

• a) Information Technology
• b) Swedeshi
• c) Export import
• d) Bi-lateral

Answer: Information Technology

Question: GATT headquarter was located at -

• a) Geneva
• b) Paris
• c) Washington
• d) Hague

Answer: Geneva

Question: Which Article envisages free and compulsory education up to 14 years ?

• a) Article 45
• b) Article 19
• c) Article 29
• d) Article 32

Answer: Article 45