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MCQs

Total Questions : 9
Question 1.


Usual status (US) unemployment is calculated with reference to a period of:


  1.     one year
  2.     indefinite
  3.     one month
  4.     one week
 Discuss Question
Answer: Option A. -> one year
:
A


Option: (a)


Question 2.


Consider the following statements:
1. Human Development Report is an authoritative annual publication
brought out by the World Bank.
2. It measures longevity by life expectancy at birth.
3. Knowledge is measured by adult literacy rate.
4. Standard of living is measured by GDP per capita (US $ PPP)
Which of the following statements is not correct?


  1.     1
  2.     2
  3.     3
  4.     4
 Discuss Question
Answer: Option A. -> 1
:
A


Option: (a)


Question 3.


National Renewal Fund (NRF) was instituted for the purpose of:


  1.     providing pension for retiring employees
  2.     social security
  3.     rural reconstruction
  4.     restructuring and modernization of industries
 Discuss Question
Answer: Option D. -> restructuring and modernization of industries
:
D


Option: (d)


Question 4.


What distinguishes economic growth from economic development is that the latter implies?


  1.     An increase in per capita income
  2.     Changes in institutions and attitudes
  3.     Concern for ecology and environment
  4.     All of the above
 Discuss Question
Answer: Option B. -> Changes in institutions and attitudes
:
B


Option: (b)


Question 5.


A company is said to be 'sick' when the accumulated loss at the end of any financial year leads to erosion of ______ percent of its net worth.


  1.     100
  2.     75
  3.     50
  4.     25
 Discuss Question
Answer: Option C. -> 50
:
C


Option: (c)


Question 6.


Which of the following is not an internal factor for industrial sickness?


  1.     Mismanagement
  2.     Power shortage
  3.     Wrong dividend policy
  4.     Diversion of funds
 Discuss Question
Answer: Option B. -> Power shortage
:
B


Option: (b)


Question 7.


A dual economy means:
1. the existence of black money and white money JJ. the existence of agriculture and industry
2. the existence of commercial agriculture with subsistence farming
3. modern industry and commercial agriculture co-existing with subsistence farming and traditional handicrafts


  1.     I only
  2.     I, II and IV
  3.     II, III and IV
  4.     All of these
 Discuss Question
Answer: Option C. -> II, III and IV
:
C


Option: (c)


Question 8.


This type of unemployment can occur even in a situation of full employment.


  1.     Structural unemployment
  2.     Functional unemployment
  3.     Cyclical unemployment
  4.     Disguised unemployment
 Discuss Question
Answer: Option C. -> Cyclical unemployment
:
C


Option: (c)


Question 9.


Which one of the following would be considered an example of a 'dirty subsidy'?


  1.     Subsidy on diesel
  2.     Money spent on total sanitation programme
  3.     Subsidy provided to households above the poverty line
  4.     Mid-day meals programme
 Discuss Question
Answer: Option A. -> Subsidy on diesel
:
A


Option: (a)


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