Economics Page-4

31) Deflation is:
(A) Deficit Budget
(B) Reduction in taxation
(C) Increase in public expenditure
(D) Reverse of inflation

32) Among SAARC country has the highest per capita income:
(A) India
(B) Pakistan
(C) Sri Lanka
(D) Maldives

33) The country with the second highest G.N.P is:
(A) France
(B) Germany
(C) Russia
(D) Japan

34) Which one of the following is not a direct tax?
(A) Wealth Tax
(B) Professional Tax
(C) Income Tax
(D) Sales Tax

35) 'Mixed Economy' means:
(A) Co-existence of small scale and large-scale industries
(B) Co-existence of private and public sectors
(C) Assigning equal importance to both agriculture and heavy industries
(D) Co-existence of the rich and the poor

36) National Income is the:
(A) Net National Product at market price
(B) Net National Product at factory cost
(C) Net Domestic Product at market price
(D) Net Domestic Product at factory cost

37) Which of the following is the most important requirement to restrict inflationary pressures in an economy?
(A) An ever-increasing level of productivity
(B) Curbing consumption of goods and services
(C) Increasing supply of consumer goods
(D) Reducing money supply

38) In the context of international trade, the term "dumping" of a good refers to its:
(A) Stockpiling near sale points
(B) Unloading at the port of origin
(C) Unloading at the port of destination
(D) Sale below cost price

39) Which one of the following is NOT a capital market instrument?
(A) Debentures
(B) Shares
(C) Public Sector Bonds
(D) Treasury Bill

40) In the local centre, the exchange rate between two foreign currencies, is known as:
(A) Par value rate
(B) Futures rate
(C) Swap rate
(D) Cross rate

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