ECONOMICS MCQS SET 05

ECONOMICS MCQS SET 05

1. WTO is related with
A) Medical
 B) Trade
C) Banking
D) Education
 

2. Match the following given in column A with column B and select the correct answer from the codes given below:
Column A column B
a. Lionel Robbins 1.Wealth definition
b. Adam Smith 2.Welfare definition
c. Marshall 3.Growth definition
 d. Samuelson 4.Scarcity definitions
A) 2 1 3 4 B) 4 1 2 3 C) 3 2 4 1 D) 1 2 3 4
 

3. Ranganrajan Committee was constituted for:
A) Improvement in Public Distribution System
B) Reducing inequality in Income and Wealth
C) Removal of rural unemployment
D) Disinvestment of public sector enterprises
 

4. Gender inequality index is not related with:
A) Reproductive health
B) Empowerment
C) Education
D) Access to Finances
 

5. Select the correct Match:
A) RBI 1. Banker‟s Bank
B) Monopoly of note issues 2. SBI
C) Public Sector Bank 3. ICICI
D) Non Scheduled Bank 4. IOB
 

6. Consider the following statements:
Assertion(A) : Mutual Find collects savings from small Investors and invest then into corporate bodies. Reason (R) : Mutual Fund Works as the principle of “small drops of water make a big Ocean” Select your answer according to the coding scheme given below:
A) Both (A) and (R) are correct
B) Both (A) and (R) are false
C) (A) is false but (R) is true
D) (A) is true but (R) in false
 

7. Consider the following statements:
I. Power sharing is very spirit of democracy
II. It helps to reduce the possibility of conflict between social groups.
III It is a good way to ensure the stability of political order.
A) I alone is correct
B) I and II are correct
C) I,II and III are correct
D) I, II and III are wrong
 

8. Match it and choose the correct pair:
a. Haranya Tax 1. 1/3 of the prices
B. Nali Tax 2. Sale of flowers
c. Kara Tax 3. Religious tax
d. Trade Tax 4. Irrigation tax
A) 4 3 2 1
B) 3 1 4 2
C) 1 3 2 4
D) 2 4 3 1
 

9. Choose the correct statements about coral reefs:
I. The World‟s largest coral structure is situated in the Pacific Ocean.
II. It is off the coast of Australia.
III. It is Fringing reef.
IV. They get exposed as the water in the lagoon goes down
A) I and III are correct
B) I and II are correct
C) III alone correct
D) All are correct
 

10. In Tamilnadu which one of the following river basins has petroleum reserves
A) Vaigai Basin
B) Cauvery Basin
C) Periyar Basin
D) Tamiraparani Basin 

ANSWER

1    B
2    B
3    D
4    D
5    A
6    A
7    C
8    A
9    B
10    B