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MCQs

Total Questions : 10
Question 1.


The misery index is the sum of a country's unemployment and inflation rate. The higher the index, the more miserable is the country to live in. The figure given below is the Misery Index for various countries in Europe:The Misery Index Is The Sum Of A Country's Unemployment And ...Which of the following conclusions can be drawn from the misery index given above?
1.Britain is the most miserable country to live in.
2.The inflation rate in Spain is less than that in Belgium and Britain.
3.Italy and France seem to have almost identical unemployment rate.
4.The higher the misery index, the higher the inflation rate.Select the correct answer using the codes given below:


  1.     1 alone
  2.     2 and 3
  3.     1, 2, 3 and 4
  4.     None
 Discuss Question
Answer: Option D. -> None
:
D
 
Question 2.


A consumer is said to be in equilibrium, if


  1.     he is able to fulfill his need with a given level of income.
  2.     he is able to live in full comforts with a given level of income
  3.     he can fulfill his needs without consumption of certain items
  4.     he is able to locate new sources of income
 Discuss Question
Answer: Option A. -> he is able to fulfill his need with a given level of income.
:
A
 
Question 3.


Human Development Index comprises literacy rates, life expectancy at birth and


  1.     Gross Domestic Product per head in the US dollars
  2.     Gross Domestic Product per head at real purchasing power
  3.     Gross National Product in US dollars
  4.     National Income per head in US dollars
 Discuss Question
Answer: Option D. -> National Income per head in US dollars
:
D
 
Question 4.


The Minimum Alternative Tax (MAT) was introduced in the Budget of the Government of India for the year


  1.     1991-92
  2.     1992-93
  3.     1995-96
  4.     1996-97
 Discuss Question
Answer: Option D. -> 1996-97
:
D
 
Question 5.


Human Poverty Index was introduced in the Human Development Report of the year


  1.     1994
  2.     1995
  3.     1996
  4.     1997
 Discuss Question
Answer: Option C. -> 1996
:
C
 
Question 6.


National Income is the


  1.     Net National Product at market price
  2.     Net National Product at factor cost
  3.     Net Domestic Product at market price
  4.     Net Domestic Product at factor cost
 Discuss Question
Answer: Option B. -> Net National Product at factor cost
:
B
 
Question 7.


Consider the following statementThe price of any currency in international market is decided by the
1.World Bank.
2.demand for goods/services provided by the country concerned.
3.stability of the government of the concerned country.
4.economic potential of the country in question.Of these statements


  1.     1, 2, 3 and 4 are correct
  2.     2 and 3 are correct
  3.     3 and 4 are correct
  4.     1 and 4 are correct
 Discuss Question
Answer: Option B. -> 2 and 3 are correct
:
B
 
Question 8.


A redistribution of income in a country can best brought about through


  1.     progressive taxation combined with progressive expenditure
  2.     progressive taxation combined with regressive expenditure
  3.     regressive taxation combined with regressive expenditure
  4.     regressive taxation combined with progressive expenditure
 Discuss Question
Answer: Option B. -> progressive taxation combined with regressive expenditure
:
B
 
Question 9.


From the balance sheet of a company, it is possible to


  1.     judge the extent of profitability of the company
  2.     assess the profitability and size of the company
  3.     determine the size and composition of the assets and liabilities of the company
  4.     determine the market share, debts and assets of the company
 Discuss Question
Answer: Option C. -> determine the size and composition of the assets and liabilities of the company
:
C
 
Question 10.


The supply-side economics lays greater emphasis on the point of view of


  1.     producer
  2.     global economy
  3.     consumer
  4.     middle-man
 Discuss Question
Answer: Option A. -> producer
:
A
 

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