131. The study of individual markets of demand and supply in which the ‘players’, or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?

1. Macroeconomics
2. Econometrics
3. Microeconomics
4. Heterodox Economics

Option “C” is correct
Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms as trying to maximize their profits.
132. Commercial banks lend to which of the following Priority sectors?

1. Heavy Industries
2. Agriculture, Small scale industries
3. Foreign Companies
4. State government in emergency situation

Option “B” is correct
Priority Sector refers to those sectors of the economy which may not get timely and adequate credit in the absence of this special dispensation. It is an important role given by the Reserve Bank of India (RBI) to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low income groups and weaker sections.
133. What is the accounting year of the Reserve Bank of India?

1. April-March
2. July-June
3. October-September
4. January-December

Option “B” is correct
The RBI’s accounting year is from July to June
134. Which institution is known as ‘Soft Loan Window’ of World Bank?

1. IDBI
2. IDA
3. IMF
4. RBI

Option “B” is correct
The International Development Association (IDA) is an international financial institution which offers concessional loans and grants to the world’s poorest developing countries. So, it is called as Soft Loan Window of World Bank. The IDA is a member of the World Bank Group and is headquartered in Washington, D.C., United States.
135. When the demand for a good increases with an increase in income, such a good is called___________

1. Superior good
2. Giffin good
3. Inferior good
4. Normal good

Option “A” is correct
When the demand for a good increases with an increase in income, such a good is called Superior good. A Superior good also may be a luxury good.
136. Swarna Jayanti Gram Swarojgar Yojna has now been restructured as

1. Prime Minister’s Rojgar Yojna
2. National Rural Livelihoods Mission
3. Jawahar Gram Samriddhi Yojana
4. Sampoorna Gramin Rojgar Yojana

Option “B” is correct
National Rural Livelihoods Mission (NRLM) was launched by the Ministry of Rural Development (MoRD), Government of India in June 2011. It is restructured form of Swarna Jayanti Gram Swarojgar Yojna.
137. Which of the following is not a commercial source of energy?

1. Coal
2. Petroleum
3. Natural Gas
4. Firewood

Option “D” is correct
Firewood is a non-commercial source of energy.
138. Which amongst the following is not in the list of Maharatna?

1. Coal India Limited
2. Steel Authority of India Limited
3. Bharat Electronics Limited
4. Bharat Heavy Electricals Limited

Option “C” is correct
Bharat Electronics Limited is Navratnas Company.
139. Which of the following is not true about a Demand Draft?

1. It is a negotiable instrument.
2. It is a banker’s cheque.
3. It may be dishonoured for lack of funds.
4. It is issued by a bank.

Option “C” is correct
A demand draft is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain sum to the specified party (payee). A demand draft can also be compared to Banker’s cheque.
140. The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy.

1. Resource Probability Set
2. Production Probability Set
3. Resource Possibility Set
4. Production Possibility Set

Option “D” is correct
The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the Production Possibility Set of the economy.
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25

6 thoughts on “Indian Economy”

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top