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Guide for Economics (English)

Quiz Economics (English)

10/400 Questions|Updated on 2024/10/19
Free Test
/ 10

Quiz

1/10
Balance of Payments
What does the current account in the balance of payments primarily measure?
Select the answer
1 correct answer
A.
Foreign direct investment
B.
Trade in goods and services
C.
Government spending
D.
Stock market performance

Quiz

2/10
Current Challenges facing Indian Economy
What is one of the major challenges currently affecting the agricultural sector?
Select the answer
1 correct answer
A.
Urbanization
B.
Decreasing crop yields
C.
Technological advancements
D.
Increased foreign investment

Quiz

3/10
Determination of Income and Employment
Which of the following best describes the concept of "Aggregate Demand" in determining income and employment?
Select the answer
1 correct answer
A.
Total spending on goods and services at various price levels
B.
The sum of all individual incomes in an economy
C.
The amount of goods produced by firms in a given period
D.
The total value of exports minus imports

Quiz

4/10
Development Experience (1947-90) and Economic Reforms since 1991
What was the primary aim of the economic policies implemented between 1947 and 1990?
Select the answer
1 correct answer
A.
To promote globalization
B.
To achieve self-sufficiency
C.
To encourage foreign investments
D.
To decrease government intervention

Quiz

5/10
Development Experience of India – A Comparison with Neighbours
Which of the following countries has shown a similar development trajectory to that of its neighboring nations in South Asia?
Select the answer
1 correct answer
A.
Bhutan
B.
Bangladesh
C.
Sri Lanka
D.
Nepal

Quiz

6/10
Government Budget and the Economy
What is the primary purpose of a government budget in an economy?
Select the answer
1 correct answer
A.
To increase taxes
B.
To allocate resources and fund public services
C.
To reduce unemployment only
D.
To control inflation only

Quiz

7/10
Money and Banking
What is the primary function of a central bank in an economy?
Select the answer
1 correct answer
A.
To provide loans to individuals
B.
To regulate the money supply and maintain financial stability
C.
To invest in stock markets
D.
To manage government payrolls

Quiz

8/10
National Income and Related Aggregates
What is the primary measure used to assess a country's economic performance in terms of national income?
Select the answer
1 correct answer
A.
Gross Domestic Product (GDP)
B.
Net National Product (NNP)
C.
Gross National Product (GNP)
D.
Personal Income

Quiz

9/10
Balance of Payments
Which of the following components is included in the capital account of the balance of payments?
Select the answer
1 correct answer
A.
Exports of goods
B.
Remittances
C.
Foreign investments
D.
Trade deficits

Quiz

10/10
Current Challenges facing Indian Economy
Which issue significantly contributes to inflation in the economy?
Select the answer
1 correct answer
A.
High unemployment rates
B.
Rising global oil prices
C.
Increased literacy rates
D.
Improved infrastructure
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Info quiz:

  • Quiz name:Economics (English)
  • Total number of questions:400
  • Number of questions for the test:100
  • Pass score:70%
  • Number of topics:8 Topics
Study topics:Number of questions:
  • Balance of Payments:50 Questions
  • Current Challenges facing Indian Economy:50 Questions
  • Determination of Income and Employment:50 Questions
  • Development Experience (1947-90) and Economic Reforms since 1991:50 Questions
  • Development Experience of India – A Comparison with Neighbours:50 Questions
  • Government Budget and the Economy:50 Questions
  • Money and Banking:50 Questions
  • National Income and Related Aggregates:50 Questions

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