GK - Economics Test - 01

1. If income is below equilibrium

a. income will tend to rise

b. investment will tend to fall

c. prices will tend to fall

d. stocks of unsold goods will tend to increase

2. Which of the folowing businesses would probably find it easiest to borrow money from complete strangers ?

a. A private joint stock cornpany

b. A public joint stock company

c. A partnership of 50 years' standing

d. Any partnership

3. A Firm will shut down rather than carry on producing in the short run if

a. average revenue is less than average total cost

b. total revenue is less than total variable cost

c. marginal revenue is less than niarginal cost

d. price is less than average revenue

4. Development means economic growth plus

a. price stability

b. social change

c. inflation

d. deflation

5. Which of the following holders fo a company's issued capital is likely to receive the biggest increase in income if there is a substantial increase in profits ?

a. A 10 percent cumulative preference shareholder

b. An 11 percent preference shareholder

c. A 12 percent debenture holder

d. An ordinary shareholder

6. Which of the following commodity groups is/are considered for working out average index ?
(i) Fuel groups
(ii) Primary articles
(iii) Manufactured products

a. Only (i)

b. Both (i) & (ii)

c. Only (iii)

d. All of these

7. Disguised unemployment is the prominent feature of

a. tertiary sector

b. secondary sector

c. primary sector

d. all of the above

8. If the elasticity of demand for a good is equal to (-)2 then a 1 percent price rise will

a. raise the quantity demanded by 2 percent

b. raise the total revenue by 1 percent

c. lower the quantity demanded by 2 percent

d. lower the quantity demanded by 1 percent

9. An upward and leftward movement of an upward-sloping supply curve for a commodity could be caused by all of the following, except

a. the imposition of an excise tax

b. a shift of tastes in favour of the product

c. a fall in productivity

d. a rise in production costs

10. The surn of the marginal propensity to consume and the marginal propensity to save must be equal to

a. disposable income

b. one

c. the multiplier

d. zero

General Knowledge

1. World Geography -Test-01

2. World Geography -Test-02

3. World Geography -Test-03

4. Geography of India -Test-01

5. Geography of India -Test-02

6. Geography of India -Test-03

7. Geography of India -Test-04

8. Geography of India -Test-05

9. History of India - Test - 01

10. History of India - Test - 02

11. History of India - Test - 03

12. History of India - Test - 04

13. History of India - Test - 05

14. History of India - Test - 06

15. History of India - Test - 07

Mysterious Caves of India

Beautiful Steps on Earth

Weird Places On Earth

Sachin Tendulkar

Benefits of Apples

Precautions while using Facebook

Portrait Photography tips for Beginners

Protect your flashes with air cushioned stands

If you choose to use stands (when you don t have an assistant or you re shooting indoors), spend an extra $30 to buy air cushioned light stands so that the light won t come crashing down if you release the clamp without holding the extension pole. It s definitely worth the extra money.