NTSE MAT Class 8 Economics Questions and Answers

Question. ‘Green Revolution’ is associated with the production of:
(a) Sugar
(b) Pulses
(c) Wheat
(d) Cereals
Answer: (c) Wheat

Question. ‘Antyodaya Anna Yojana’ was launched in the year
(a) 2000
(b) 2004
(c) 2006
(d) 2008
Answer: (a) 2000

Question. What was the aim of Antyoday Programe ?
(a) unliftment of schedule tribe people
(b) upliftment of women
(c) helping the poorest of poor
(d) children welfare
Answer: (c) helping the poorest of poor

Question. What is the body mass index of a person weighing 90 kgs and is 1.82 mts tall?
(a) 27.17
(b) 21.42
(c) 29.92
(d) 19.96
Answer: (a) 27.17

Question. The concept of Human development number was accepted by ______.
(a) WHO
(b) UNO
(c) UNDP
(d) UNICEF
Answer: (c) UNDP

Question. The most appropriate measure of a country’s economic growth is
(a) Gross Domestic product
(b) Net Domestic product
(c) Net national product
(d) Per Capital Product
Answer: (a) Gross Domestic product

Question. Which one of the following organization prepares ‘Human Development report’?
(a) UNO
(b) WHO
(c) IMF
(d) UNDP
Answer: (d) UNDP

Question. Human Development Index (HDI) is prepared on the basis of
(a) 2 basic indicators
(b) 3 basis indicators
(c) 4 basic indicators
(d) 5 basic indicators
Answer: (d) 5 basic indicators

Question. Which of the following sectors is engaged in production of services?
(a) Primary Sector
(b) Secondary Sector
(c) Tertiary Sector
(d) Joint Sector
Answer: (c) Tertiary Sector

Question. A sugar mill owner purchased sugarcane from farmers, manufactured sugar from it and then sold it to wholesalers. Such kind of activities comes under :
(a) Primary sector
(b) Secondary sector
(c) Tertiary sector
(d) Service sector
Answer: (b) Secondary sector

Question. How many days of guaranteed work is provided by National Rural Employment Guarantee Act ?
(a) 200 days
(b) 100 days
(c) 300 days
(d) 500 days
Answer: (b) 100 days

Question. Which one of the following agency issues one rupee currency note in India ?
(a) Reserve Bank of India
(b) Ministry of Finance
(c) Commerce Ministry
(d) Commercial Banks
Answer: (b) Ministry of Finance

Question. Which of the following statement is is/are correct, regarding functions of banks?
A. Foreign exchange transactions are conducted
B. Only private business transactions are carried out
C. They formulate common monetary policy for all banks
D. They provide are deposit lockers
(a) A, C and D
(b) B and C
(c) A and D
(d) B, C and D
Answer: (a) A, C and D

Question. The course of evolution of money is depicted in the following flow diagram. Identify the correct sequence:
A. Copper Coins B. Credit Cards C. Commodities D. Cheques
(a) 1A, 2B, 3C, 4D
(b) 1D, 2C, 3B, 4A
(c) 1B, 2D, 3A, 4C
(d) 1C, 2A, 3D, 4B
Answer: (d) 1C, 2A, 3D, 4B

Question. Assertion (A): The RBI is called the Mother of Banks.
Reason (R): The RBI formulates the monetary policy which should be followed by all other banks.
(a) ‘A’ and ‘R’ are true and ‘R’ is the correct explanation of ‘A’
(b) ‘A’ and ‘R’ are true, but ‘R’ is not the correct explanation of ‘A’
(c) ‘A’ is true but ‘R’ is false
(d) ‘R’ is true but ‘A’ is false
Answer: (a) ‘A’ and ‘R’ are true and ‘R’ is the correct explanation of ‘A’

Question. Which one of these is not a feature of money?
(a) Medium of exchange
(b) Source of Income
(c) Store of value
(d) Unit of account
Answer: (d) Unit of account

Question. Removing barrier or restrictions set by the government is called
(a) Liberalization
(b) Investment
(c) Favorable trade
(d) Free trade
Answer: (a) Liberalization

Question. Globalization has led to improvement in living conditions
(a) Of all the people
(b) of people in the developed countries
(c) Of workers in the developing countries
(d) none of the above
Answer: (b) of people in the developed countries

Question. World Trade Organization (WTO) was started at the initiative of
(a) Developing Countries
(b) Asian Countries
(c) Developed Countries
(d) European Countries
Answer: (a) Developing Countries

Question. The ‘Globalization’ refers to
(a) integration among the economy of different countries
(b) decreasing government control over different sectors
(c) free trade among the different countries
(d) all of the above
Answer: (d) all of the above

Question. Agmark and ISI mark shows –
(a) Quality and standard of products
(b) Quantity of the product
(c) Availability of the product
(d) None of these
Answer: (a) Quality and standard of products

Question. “The National Consumer Day” is celebrated on
(a) 13 August
(b) 26 January
(c) 2 October
(d) 24 December
Answer: (d) 24 December