Economic and Social Issues (ESI) Quiz 8 : For RBI Grade B 2020, NABARD Grade A 2020

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1. Internal economies arise in which condition?

arise when there is expansion in an industry

arise in an economy as it makes progress

accrue to a firm when it expands its output

arise when there is expansion in internal trade

None of the above

2. The theory of distribution relates to which of the following?

The distribution of assets

The distribution of income

The distribution of factor payments

Equality in the distribution of income and wealth

None of the above

3. The income elasticity of demand being greater than one, what is the commodity must be?

Necessity

Luxury

An inferior Good

None of these

4. The basic Regulatory of the Mutual Funds and stock markets in India?

Government of India

RBI

SEBI

Stock Exchange

None of the above

5. Goods whose demand is proportional to price are called

inferior goods

Veblen goods

normal goods

exclusive goods

None of the above

6. Which institution in India acts as ‘lender of the last resort’?

Finance Ministry

Reserve Bank of India

Treasury

Currency Printing Presses

None of the above

7. The demand of a commodity is a direct demand but the demand of a factor of production is called a

Crossed demand

Joint demand

Derived demand

Independent demand

None of the above

8. Which is the unemployment which exists in any economy due to people being in the process of moving from one job to another?

Seasonal unemployment

Cyclical unemployment

Frictional unemployment

Structural unemployment

None of the above

9. What is the one of the main features of a free market economy?

active state intervention

public ownership of factors of production

rationing and price control

consumer’s sovereignty

None of the above

10. As per 2011 census, the State in India with the largest rural population ?

Madhya Pradesh

Maharashtra

Punjab

Uttar Pradesh

None of the above