MCQs
Total Questions : 169
| Page 16 of 17 pages
Answer: Option B. -> Frictional
Answer: (b)
Answer: (b)
Answer: Option D. -> Securities and Exchange Board of India
Answer: (d)
As per the Securities and Exchange Board Of India (SEBI) Act, 1992, SEBI is responsible for protecting the interests of investors in securities and promoting the development of and regulating the securities market.
It is the duty of SEBI to regulate the business in stock exchanges and any other securities markets.
Answer: (d)
As per the Securities and Exchange Board Of India (SEBI) Act, 1992, SEBI is responsible for protecting the interests of investors in securities and promoting the development of and regulating the securities market.
It is the duty of SEBI to regulate the business in stock exchanges and any other securities markets.
Answer: Option D. -> Increase in the exemption limit of personal income to ` 1.20 lakh for widows
Answer: (d)
Answer: (d)
Answer: Option A. -> Frictional
Answer: (a)
Frictional unemployment arises due to people moving between jobs, careers or locations or people entering and exiting the labour force or workers and employers having inconsistency or incomplete information.
Actually, people first leave their job and then they try to find a new job according to their choice and this process takes some time to apply for new jobs and for employers to make a selection and hence they remain unemployed for this transition period.
That is why frictional unemployment is also called transitional unemployment and it is always present in the economy.
Answer: (a)
Frictional unemployment arises due to people moving between jobs, careers or locations or people entering and exiting the labour force or workers and employers having inconsistency or incomplete information.
Actually, people first leave their job and then they try to find a new job according to their choice and this process takes some time to apply for new jobs and for employers to make a selection and hence they remain unemployed for this transition period.
That is why frictional unemployment is also called transitional unemployment and it is always present in the economy.
Answer: Option D. -> 12
Answer: (d)
Answer: (d)
Answer: Option B. -> 1929
Answer: (b)
Depression is referred to a period of time during which economic activity is so low for such a long period of time that large numbers of people are permanently unemployed.
The Great Depression originated in the United States, after the fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday).
Answer: (b)
Depression is referred to a period of time during which economic activity is so low for such a long period of time that large numbers of people are permanently unemployed.
The Great Depression originated in the United States, after the fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday).
Answer: Option B. -> one man and one woman in a rural family living below the poverty line
Answer: (b)
Answer: (b)
Answer: Option B. -> 2nd October, 1952 A.D.
Answer: (b)
Answer: (b)
Answer: Option A. -> 1974
Answer: (a)
Answer: (a)
Question 160. Consider the following statements regarding an economy facing cyclical unemployment:
Select the correct answer using the code given below:
- It may lead to inflation in the economy
- It may lead to deflation in the economy
- It can be tackled through expansionary monetary policy
- It can be tackled through expansionary fiscal policy
Select the correct answer using the code given below:
Answer: Option D. -> (ii), (iii) & (iv) only
Answer: (d)
When the economy slows down or is in recession (due to reduced demand) then production in the economy decreases and employers lay off workers which cause cyclical unemployment.
It is a case of reduced demand, so it generally leads to deflation.
So, (ii) statement is true.
It can be tackled by increasing the demand in the economy. RBI can increase the demand through expansionary monetary policy i.e. reduction in repo rate. And government can also increase the demand in the economy by expansionary fiscal policy i.e. increase in government expenditure or reduction in taxes.
Through both these policies, more money reaches the people and demand in the economy increases.
So, (iii) & (iv) statements are also true.
Answer: (d)
When the economy slows down or is in recession (due to reduced demand) then production in the economy decreases and employers lay off workers which cause cyclical unemployment.
It is a case of reduced demand, so it generally leads to deflation.
So, (ii) statement is true.
It can be tackled by increasing the demand in the economy. RBI can increase the demand through expansionary monetary policy i.e. reduction in repo rate. And government can also increase the demand in the economy by expansionary fiscal policy i.e. increase in government expenditure or reduction in taxes.
Through both these policies, more money reaches the people and demand in the economy increases.
So, (iii) & (iv) statements are also true.
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