Table of Contents
GENERAL KNOWLEDGE MCQ QUESTIONS
1. Who among the following did not estimate the incidence of poverty in India?
(a) B. S. Minhas
(b) P.K.Bardhan
(c) V. M. Dandekar and N.Rath
(d) Raj Krishna
2. Which one of the following areas is related to blue revolution in Agriculture sector?
(a) Horticulture
(b) Aqua-culture
(c) Poultry
(d) Dairy
3. Soft currency means whose :
(a) Supply is less than its demand in the international market
(b) Supply is more than its demand in the international market
(c) Supply and demand both are less in international market
(d) Demand tends to increase in the international market
4. Which one of the following is the basis of the comparative cost theory of David Ricardo?
(a) Supply and demand
(b) Labour theory of value
(c) Benefit theory of trade
(d) Marginal utility theory
5. Which one of the following is the cause of international trade as per Heckschar Ohlin Trade Theory?
(a) Difference in factor avail ability
(b) Difference in costs
(c) Difference in wants
(d) Difference in currency system
6. Which one of the following is matching with free trade?
(a) Encouragement for balanced growth
(b) Absence of tariff
(c) Restrictions on the movement of goods
(d) Existence of anti-dumping policy
7. If the slope of offer curves is constant, the terms of trade will:
(a) Become indeterminate
(b) Become continuously favorable
(c) continuously become unfavorable
(d) Become constant
8. EURO came into circulation since:
(a) January 1, 1996
(b) January 1, 1997
(c) January 1, 1998
(d) January 1, 1999
9. Who among the following is not a neoclassical Economist?
(a) Robert Solow
(b) J. E. Meade
(c) Paul Rom
(d) T. W. Swan
10. What is the objective of hedging in international foreign exchange transactions?
(a) To bear the risk in foreign exchange
(b) To secure risk in foreign exchange
(c) Speculation in foreign exchange
(d) Arbitrage operations in foreign exchange
| 1 d 2 b 3 b 4 b 5 a | 6 b 7 d 8 d 9 d 10 c |
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