Smartindia Classroom
CONTENTS
Geography
Economics
Political Science
History
Statistics
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Question-1
GDP includes:
(A)
Real capital
(B)
Financial capital
(C)
Money capital
(D)
All the above
Question-2
The father of New Economics is
(A)
Adam Smith
(B)
Marshall
(C)
Karlmarx
(D)
J.M. Keynes
Question-3
The classical economists believed in
(A)
Laissez Faire
(B)
Economic policy
(C)
Capitalism
(D)
Marxism
Question-4
Which of the following is the best measure of the standard of living
(A)
Consumer price index
(B)
Producer price index
(C)
Real Gross domestic product
(D)
Per capita real gross domestic product
Question-5
The physiocrats considered only the following as productive occupation.
(A)
Manufacturing industry
(B)
Agriculture
(C)
Service sector
(D)
Soldiers
Question-6
Potential growth measures:
(A)
The growth of the fastest economy in the world
(B)
The fastest growth an economy has ever achieved
(C)
The present rate of growth of an economy
(D)
The rate of growth that could be achieved if resources were fully employed
Question-7
The idea of convergence of GDP suggests that
(A)
All countries will eventually join the EEC
(B)
Poorer countries have higher capital labour ratios than richer countries
(C)
Poorer less developed countries will catch up with richer ones
(D)
The gap between countries GDP per head will widen
Question-8
Economic growth
(A)
Is synonymous with economic development
(B)
Occurs when an economic system acquires greater productive capacity
(C)
Refers to qualitative change experienced by an economic system
(D)
Always results in increased real per capita output or income
Question-9
Open market operations occur when the government
(A)
Reduces spending
(B)
Buys and sells bonds and securities
(C)
Increases taxation
(D)
Increases the exchange rate
Question-10
Economic growth can be measured by
(A)
NNI
(B)
GNP
(C)
GDP
(D)
MPC
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Plus 1 Humanities
Tamil Nadu (English Medium)
Practice in Related Chapters
Economic Growth and Development
Population
Poverty and Unemployment
Economic Planning
Banking
Agriculture
Measures of Variability
Statistical Analysis and Measures of Central Pendency
Human Resource Development
Foreign Trade
Industrial Sector
National Income
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