Economics in English Quiz 6

1.Who among the following has developed India Rupee Symbol?

(A)Ashvini Rai

(B)Umesh Kumar

(C)D Udaya Kumar

(D)S.K Paul

2.Which among the following is not a power of RBI?

(A)inspection of banks

(B)Nationalization of Banks

(D)Control the lending policies of the banks

3.National Income is also called as :

A.GNP at Factor Cost

B.GNP at Market Price

C.NNP at Factor Cost

D.NNP at Market Price

4.What is meant by ‘Capital Gain’ ?

A.Part of profits added to the
capital

B.Appreciation in the money
value of assets

C.Additions to the capital invested
in a business

D.None of these

5.The Mahatma Gandhi National Rural Employment Guarantee Act mandates at least what fraction of the beneficiaries to be women?

(A)25%

(B)30%

(D)50%

6.Lowering of value of currency relative to a foreign reference currency is called _________.

(A)Devaluation

(B)Revaluation

(C)Down valuation

(D)Negative valuation

7.In which year Liberalized Exchange Rate Management System (LERMS) was launched in India?

(A)1989

(B)1990

(D)1995

8.In which stage of the business cycle the inventory stock will be the highest?

(A)Boom

(B)Depression

(C)Recession

(D)Recovery

9.NITI Aayog has been formed to replace which of the following institution?

(A)Planning Commission

(B)IRDA

(C)Department of Telecommunications

(D)Department of Information Technology

10.Which among the following programme was started with the assistance of Ford Foundation?

(A)Community Development Programme

(B)Intensive Agriculture Development program (IADP)

(C)Intensive Agriculture Area programme (IAAP)

(D)High Yielding Variety Programme (HYVP)