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RRB NTPC Exam General Awareness Study Material

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Indian Economy

Income and consumption are

a) Inversely related
b) Directly related
c) Partially related
d) Unrelated

✔Answer

Correct Answer Is : Directly related

Solution Is :

Which one of the following is an example for Monopoly?

a) SPIC
b) Indian Railways
c) HMT
d) Hindustan Unilever Limited

✔Answer

Correct Answer Is : Indian Railways

Solution Is :

What growth rate of indian economy has been projected by IMF for 2011 -12?

a) 0.095
b) 0.09
c) 0.082
d) 0.086

✔Answer

Correct Answer Is : 0.082

Solution Is :

Who are the price-takers under Perfect Competition ?

a) Buyers
b) Industry
c) Government
d) Firms

✔Answer

Correct Answer Is : Firms

Solution Is :

Open market operation refers to

a) Borrowing by scheduled banks from the RBI
b) Borrowing by scheduled banks to industry and trade
c) Purchase and sale of Government securities by the RBI
d) Deposit mobilisation

✔Answer

Correct Answer Is : Purchase and sale of Government securities by the RBI

Solution Is :

An employment situation where the marginal productivity of agricultural labour is zero is known as

a) Structural unemployment
b) Seasonal unemployment
c) Cyclical unemployment
d) Disguised unemployment

✔Answer

Correct Answer Is : Seasonal unemployment

Solution Is :

Which of the following is not a characteristic of the Indian economy ?

a) Low per capita income
b) Primacy of agriculture
c) Balance between heavy industry and wage goods
d) Population pressure

✔Answer

Correct Answer Is : Balance between heavy industry and wage goods

Solution Is :

The basic characteristic of a capitalistic economy is

a) Full employment
b) The private ownership of the means of production
c) Absence of monopoly
d) Large scale production in primary industries

✔Answer

Correct Answer Is : The private ownership of the means of production

Solution Is :

Which one of the following taxes is not a direct tax ?

a) Gift tax
b) Wealth tax
c) Sales tax
d) Estate tax

✔Answer

Correct Answer Is : Sales tax

Solution Is :

UNDP prepares

a) Index number of price level
b) Physical quality level
c) Human development index
d) Standard of living index

✔Answer

Correct Answer Is : Human development index

Solution Is :

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RRB NTPC Exam General Awareness Study Material

Indian Economy

Income and consumption are

Correct Answer Is : Directly related

Solution Is :

Which one of the following is an example for Monopoly?

Correct Answer Is : Indian Railways

Solution Is :

What growth rate of indian economy has been projected by IMF for 2011 -12?

Correct Answer Is : 0.082

Solution Is :

Who are the price-takers under Perfect Competition ?

Correct Answer Is : Firms

Solution Is :

Open market operation refers to

Correct Answer Is : Purchase and sale of Government securities by the RBI

Solution Is :

An employment situation where the marginal productivity of agricultural labour is zero is known as

Correct Answer Is : Seasonal unemployment

Solution Is :

Which of the following is not a characteristic of the Indian economy ?

Correct Answer Is : Balance between heavy industry and wage goods

Solution Is :

The basic characteristic of a capitalistic economy is

Correct Answer Is : The private ownership of the means of production

Solution Is :

Which one of the following taxes is not a direct tax ?

Correct Answer Is : Sales tax

Solution Is :

UNDP prepares

Correct Answer Is : Human development index

Solution Is :

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