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
Economic growth can be seen by an outward shift of
(A)
The production possibility frontier
(B)
The gross domestic barrier
(C)
The marginal consumption frontier
(D)
The minimum efficient scale
Question-3
The mercantilists gave utmost importance to
(A)
Agriculture
(B)
Manufacturing industry
(C)
Trade
(D)
Imports
Question-4
The father of New Economics is
(A)
Adam Smith
(B)
Marshall
(C)
Karlmarx
(D)
J.M. Keynes
Question-5
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-6
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-7
Gross National Product equals:
(A)
Net National Product adjusted for inflation
(B)
Gross Domestic Product adjusted for inflation
(C)
Gross Domestic Product plus net property income from abroad
(D)
Net National Product plus net property income from abroad
Question-8
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-9
Economic growth can be measured by
(A)
NNI
(B)
GNP
(C)
GDP
(D)
MPC
Question-10
The Sabbath (weak end) was introduced by
(A)
Hebrews
(B)
Greeks
(C)
Romans
(D)
Indians
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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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