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CA CPT Basics of General Economics - Selected Aspects of Indian Economy Study Materials with Answer

Basics of General Economics - Selected Aspects of Indian Economy

Exam Duration: 45 Mins Total Questions : 30

1 )

Commercial Sources of Energy are -

(a)
Water
(b)
Coal
(c)
Oil and Gas
(d)
All of the above

2 )

Electricity generated from radio-active elements is called -

(a)
Thermal Electricity
(b)
Atomic Energy
(c)
Hydel Electricity
(d)
Tidal Energy

3 )

About 50% of the Population (including 22% BPL), mostly in Rural Areas, uses -

(a)
Thermal-Electricity
(b)
Hydro-Electricity
(c)
Atomic Energy
(d)
Non-Commercial Energy

4 )

NTPC stands for -

(a)
National Thermal Power Corporation
(b)
National Tidel Power Corporation
(c)
National Theological Power Corporation
(d)
National Talent and Potential Corporation

5 )

Calculate PLF from the following. Actual power generated is 300 billion KWH and generating capacity 600 billion KWH

(a)
100%
(b)
25%
(c)
50%
(d)
75%

6 )

Indian Railways is Asia's largest and world's 4th largest rail network under a single management. This statement is -

(a)
True
(b)
False
(c)
Partially True
(d)
Nothing can be said

7 )

Indian Railways operate on -

(a)
Electric Locomotives
(b)
Diesel Locomotives
(c)
Both (a) and (b)
(d)
Neither (a) nor (b)

8 )

PradhanaMantri Bharat JodoPariyojana is related to

(a)
Communication
(b)
Social integration
(c)
Linking of rivers
(d)
Highwaysdeveloping

9 )

Navigable Rivers constitute a/an ................... Mode of Inland Water Transport

(a)
Natural
(b)
Artificial
(c)
Both (a) and (b)
(d)
Neither (a) nor (b)

10 )

Indian Postal Network is the ................ in the world.

(a)
Largest
(b)
2^nd largest
(c)
3^rd largest
(d)
4^th largest

11 )

In the recent past, the incidence of Cancer is on ............... trend.

(a)
Increasing
(b)
Decreasing
(c)
Constant
(d)
Nothing can be said

12 )

................. refers to a situation where prices rise due to increase in factor costs.

(a)
Demand-Pull Inflation
(b)
Cost-Push Inflation
(c)
Stagflation
(d)
Hyper-inflation

13 )

The combined phenomenon of Stagnation and Inflation is called -

(a)
Demand-Pull Inflation
(b)
Cost-Push Inflation
(c)
Money Inflation
(d)
Stagflation

14 )

Stagflation means -

(a)
Inflation with Recession
(b)
Recession with Stagnation
(c)
Inflation galloping like a stag
(d)
Inflation and Increasing Output

15 )

Stagflation is _______

(a)
Inflation with recession
(b)
Inflation with growth
(c)
Deflation with growth
(d)
Deflation followed with inflation

16 )

Stagflation refers to a situation in which there is -

(a)
Rising Unemployment, a declining growth rate of real output and a rising Inflation Rate
(b)
Rising Unemployment, a declining growth rate of real output and a falling Inflation Rate
(c)
Low Unemployment Rate, Low Growth Rate of real output and a High Inflation Rate
(d)
Low Unemployment Rate, Low Growth Rate of output and a Low Inflation Rate

17 )

Increase in Government Expenditure on non-developmental activities is a factor in -

(a)
Demand-Pull Inflation
(b)
Cost-Push Inflation
(c)
Both (a) and (b)
(d)
Neither (a) nor (b)

18 )

Increase in Bank Rate by RBI constitutes ............. of controlling Inflation.

(a)
Monetary Measures
(b)
Fiscal Measures
(c)
Controlling Investments Method
(d)
None of the above

19 )

To increase money supply in the economy, the RBI should ................. Government Securities.

(a)
Sell
(b)
Purchase
(c)
Discount
(d)
Denotify

20 )

Control over Public Expenditure by Government constitutes ................. of controlling Inflation.

(a)
Monetary Measures
(b)
Fiscal Measures
(c)
Controlling Investments Method
(d)
None of the above

21 )

In an inflationary situation, which of the following measures can the Government take to reduce the Inflationary Gap?

(a)
Impose higher taxes
(b)
Reduce Government Expenditure
(c)
Increase Government Expenditure
(d)
Both (a) and (b) above

22 )

To check inflation, as a short-term measure, the Government may consider -

(a)
Importing of basic goods
(b)
Public Distribution of scarce essential commodities through Fair Price Shops
(c)
Rationing of essential. goods
(d)
All of the above

23 )

Government Expenditure in a Budget consists of -