RRB NTPC Economics quiz for Stage-I 03/05/2019

RRB NTPC Economics quiz for Stage-I

Railway/SSC JE Civics quiz for  (Phase I), RRB NTPC, SSC various exams and other competitive exams.

Q.1 Which among the following is the Biggest Borrower in India?

निम्नलिखित में से कौन भारत में सबसे बड़ा उधारकर्ता है?

  1. Indian Government/भारत सरकार
  2. Reserve Bank of India/भारतीय रिजर्व बैंक
  3. Indian Railways/भारतीय रेलवे
  4. State Governments/राज्य सरकार

Answer & Explanation
Ans.1.(a)

Exp.Indian government is the biggest borrower in India and its prime lender is RBI.

Q.2 The existence of a parallel economy (black money) ___________.

समांतर अर्थव्यवस्था (काला धन) का अस्तित्व ___________।

  1. Makes economy more competitive/अर्थव्यवस्था को अधिक प्रतिस्पर्धी बनाता है
  2. Makes the monetary policies less effective/मौद्रिक नीतियों को कम प्रभावी बनाता है
  3. Ensures a better distribution of income and wealth/आय और संपत्ति का बेहतर वितरण सुनिश्चित करता है
  4. Ensures increasing productive investment/उत्पादक निवेश में वृद्धि सुनिश्चित करता है

Answer & Explanation
Ans.2.(b)

Exp.The Parallel Economy (black money) will ruin the entire economic development of the country and adversely affect the monetary policy.

Q.3 What does GDP mean ?

सकल घरेलू उत्पाद का क्या अर्थ है?

  1. The total value of all goods and services produced in the country during a period of 1 year/देश में 1 वर्ष की अवधि में उत्पादित सभी वस्तुओं और सेवाओं का कुल मूल्य
  2. The total value of all stocks and shares in the country during a period of 1 year/ देश में 1 वर्ष की अवधि में सभी स्टॉक और शेयरों का कुल मूल्य
  3. The total value of all capital goods produced in the country during a period of 1 year/देश में 1 वर्ष की अवधि में उत्पादित सभी पूंजीगत वस्तुओं का कुल मूल्य
  4. The total value of all consumer goods produced in the country during a period of 1 year/देश में 1 वर्ष की अवधि में उत्पादित सभी उपभोक्ता वस्तुओं का कुल मूल्य

Answer & Explanation
Ans.3.(a)

Exp.National Income is one of the basic concepts in macro economics. National Income means the total income of the nation.The aggregate economic performance of the whole economy is measured by the National Income data. National Income refers to the total value of all final goods and services produced in the country during a period of 1 year.

Q.4 Subsidies are payment by government to

सब्सिडी का भुगतान सरकार द्वारा ____ के लिए किया जाता है।

  1. Consuming units/उपभोग इकाई
  2. Producing units/उत्पादन इकाई
  3. Both (A) & (B)/दोनों (A) और (B)
  4. Retired persons/सेवानिवृत्त व्यक्तियों

Answer & Explanation
Ans.4.(c)

Exp.A subsidy is an amount of money given directly to firms by the government to encourage production and consumption.  

Q.5 Special Economic Zone (SEZ) concept was first introduced in

विशेष आर्थिक क्षेत्र (एसईजेड) अवधारणा को सबसे पहले किसने प्रस्तावित किया था?

  1. China/ चीन
  2. Japan/जापान
  3. India/ भारत
  4. Pakistan/पाकिस्तान

Answer & Explanation
Ans.5.(a)

Exp.Special Economic Zone (SEZ) concept was first introduced in China in the 1980s. The most successful SEZ in China, Sherizhen, has developed from a small village into a city with a population over 10 million within 20 years. Commerce Minister Mr Maran Had introduced SEZ concept in year 1997 for first times in India.

Q.6 “Interest is a reward for parting with liquidity” is according to

किसके अनुसार “ब्याज, तरलता के साथ लेनदेन का प्रतिफल है”?

  1. Keynes/केनेस
  2. Marshall/मार्शल
  3. Haberler/हैबरलर
  4. Ohlin/ओहलिन

Answer & Explanation
Ans.6.(a)

Exp.This theory has been given by JM Keynes.

Q.7 According to the Classical System, saving is a function of

शास्त्रीय प्रणाली के अनुसार, बचत ____ का एक प्रकार्य है।

  1. income/आय
  2. the interest rate/ब्याज दर
  3. the real wage/वास्तविक मजदूरी
  4. the price level/मूल्य स्तर

Answer & Explanation
Ans.7.(a)

Exp.Saving function is a mathematical relation between saving and income by the household sector, according to classical theory, saving is a function of the level of income.

Q.8 Who propounded the market law?

बाजार नियम को किसने बढ़ावा दिया?

  1. Adam Smith/एडम स्मिथ
  2. JB Say/जेबी से
  3. TR Malthus/टीआर माल्थस
  4. David Recardo/डेविड रिकर्डो

Answer & Explanation
Ans.8.(b)

Exp.The JB Say’s law of market has been given J B Say. Which stated as “supply creates its own demand.”

Q.9 How many key infrastructure sectors are known as Core sector in Indian Economy,used for Index of Industrial Production (IIP) data ?

भारतीय अर्थव्यवस्था में कोर सेक्टर के रूप में कितने महत्वपूर्ण बुनियादी ढांचे क्षेत्रों को जाना जाता है, जिनका उपयोग औद्योगिक उत्पादन सूचकांक (आईआईपी) डेटा के लिए किया जाता है?

  1. 5
  2. 6
  3. 7
  4. 8

Answer & Explanation
Ans.9.(d)

Exp.The Index of Industrial Production (IIP) is an index for India which details out the growth of various sectors in an economy such as mineral mining, electricity and manufacturing. The Eight Core Industries comprise nearly 40.27% of the weight of items included in the Index of Industrial Production (IIP).

Q.10 Who gave the ‘General Equilibrium Theory’?

‘सामान्य संतुलन सिद्धांत’ किसने दिया?

  1. J. M. Keynes/जे एम केनेस
  2. Leon Walras/लियोन वाल्रास
  3. David Ricardo/डेविड रिकार्डो
  4. Adam Smith/एडम स्मिथ

Answer & Explanation
Ans.10.(b)

Exp.French economist Leon Walras in his pioneering work Elements of Pure Economics in 1874 gave General Equilibrium theory. It attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium.

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