Economic and Social Issues (ESI) Quiz 6 : For NABARD Grade A 2020 and RBI Grade B 2020 June 18, 2020June 10, 2021 Please enter your email: 1. Birth rate in a country is defined as Number of births per 100 in 1 year Number of births per 1000 in 1 year Number of births per km of area in 1 year Number of births per 100 km of area in 1 year None of the above 2. What does the law of demand state? if the price of a good increases, the demand for that good decreases if the price of a good increases, the the demand for that good increases if the price of a good increases, the quantity demanded of that good decreases if the price of a good increases, the quantity demanded of that good increases None of the above 3. Unemployment that arises when there is a general downturn in business activity is known as Structural unemployment Frictional unemployment Cyclical unemployment Disguised unemployment None of the above 4. Which tax is entirely borne by the entity it is levied upon and cannot be passed? Direct tax Indirect tax Straight tax Advance tax None of the above 5. In economic equilibrium, what is the condition of the supply and demand? supply is equal to the demand. the surplus is larger than the shortage elasticity of demand equals elasticity of supply price elasticity of demand is unity None of the above 6. Ad Valorem tax is levied on which quantity? Value Volume Production Export None of the above 7. The SLR is determined by the RBI. SLR stands for States Leverage Return Savings Lease Rate Statutory Liquidity Ratio Safe Legal Range None of the above 8. Which is an Indian Government Savings Bond, primarily used for small savings and income tax saving investments in India? Provident Fund Life Insurance Policies National Saving Certificate Long term government bonds None of the above 9. The goods which people consume more, when their price rises are called _______ Essential goods Capital goods Veblen goods Giffen goods None of the above 10. Lowering of value of a currency relative to a foreign reference currency is called …………………. Devaluation Revaluation Down valuation Negative valuation None of the above Loading …
