RRB NTPC Economics quiz for Stage-I
Railway/SSC JE Civics quiz for (Phase I), RRB NTPC, SSC various exams and other competitive exams.
Q1. Which among the following is the Biggest Borrower in India?
(a) Indian Government
(b) Reserve Bank of India
(c) Indian Railways
(d) State Governments
Q2. The existence of a parallel economy (black money) ___________.
(a) Makes economy more competitive
(b) Makes the monetary policies less effective
(c) Ensures a better distribution of income and wealth
(d) Ensures increasing productive investment
Q3. What does GDP mean ?
(a) The total value of all goods and services produced in the country during a period of 1 year
(b) The total value of all stocks and shares in the country during a period of 1 year
(c) The total value of all capital goods produced in the country during a period of 1 year
(d) The total value of all consumer goods produced in the country during a period of 1 year
Q4. Subsidies are payment by government to
(a) Consuming units
(b) Producing units
(c) Both (a) & (b)
(d) Retired persons
Q5.Special Economic Zone (SEZ) concept was first introduced in
Q6. “Interest is a reward for parting with liquidity” is according to
Q7. According to the Classical System, saving is a function of
(b) the interest rate
(c) the real wage
(d) the price level
Q8.Who propounded the market law?
(a) Adam Smith
(b) JB Say
(c) TR Malthus
(d) David Recardo
Q9. How many key infrastructure sectors are known as Core sector in Indian Economy,used for Index of Industrial Production (IIP) data ?
Q10.Who gave the ‘General Equilibrium Theory’?
(a) J. M. Keynes
(b) Leon Walras
(c) David Ricardo
(d) Adam Smith