GK - Economics Test - 01

1. Development means economic growth plus

a. price stability

b. social change

c. inflation

d. deflation

2. Slationalisation or public control of an industry is often supported by economists because

a. if has been making excessive losses

b. it has been making continuous profits

c. it is a natural monopoly

d. similar industries in another country have been nationalised

3. Which one of the following is not a flow concept ?

a. Production

b. Capital

c. Investment

d. Consumption

4. Perfect competition is said to exist if

a. firms are not independent of each other

b. each firm in the industry accepts the market price because it has to

c. the industry consists of a small number of firms

d. the demand curve for the industry is perfectly elastic

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. VAT scheme is ex~ected to

a. raise the prices of foreign goods

b. raise the prices of luxury goods

c. lower the prices of goods of I everyday use

d. avoid repeated payment of duty from the raw materials stage to the final product and thus reduce the burden of duty on the final product

7. Which of the following is more effective to control prices in the long run ?

a. Decrease in the government expenditure

b. Increase in production

c. Decrease in the rate of in terest

d. Increase in employment

8. 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

9. A producer under monopolistic advertises his product so that it can

a. reduce the marginal cost of the product

b. increase the demand for his product

c. reduce the production cost of the product

d. meet the demand in the market

10. Which of the following is the most likely reason why total income tends to fluctuate ?

a. Consumption is not always a constant fraction of income

b. People adjust to changing incomes by changing saving habits

c. Consumption habits often undergo dramatic changes

d. Many savings and investment decisions are taken by different people

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

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Trim my tree gathering

Putting up your first Christmas tree as a bona fide grown up (helping Mom and Dad put the family tree of your kindergarten crafted thing a ma bobs hanging from it doesnt count) is a momentous occasion. Why not have a tree trimming ribbon cutting, of sorts? Just set up your mini evergreen (real or fake!) with lights and garland, and have your guests each bring an ornament to hang on your tree. To get extra hokey, put everyone on the spot and make them tell a story about the ornament they chose. When the last one is hung, you do the honors of adding the tree topper and plugging in the lights.