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Static GK Test: Economics, Test-11

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Question 1
The per capita income is obtained by
A
summing up the income of all the citizens of the country
B
estimating the minimum income of individual citizens
C
dividing national income by the population
D
dividing the total national capital with the profit earned
Question 2
Multiplier process in economic theory is conventionally taken to mean ?
A
The manner in which prices increase
B
The manner in which banks create credit
C
Income of an economy grows on account of an initial investment
D
The manner in which government expenditure increases
Question 3
Which of the following organization keeps a check on prices of essential commodities
A
Indian Bureau of Standards
B
MRTP Commission
C
Merchants Chamber of Commerce
D
Ministry of Food and Civil Supplies
Question 4
Sellers market denotes a situation where
A
demand exceeds supply
B
supply exceeds demand
C
demand and supply are evenly balanced
D
None of the above
Question 5
Which is the first public sector unit in India to be disinvested?
A
CMC Ltd
B
Modem Food Industries
C
BALCO
D
Hindustan Zinc Ltd
Question 6
Which is not a Private Indian Bank?
A
UCO Bank
B
ICICI
C
HDFC
D
IDBI
Question 7
The headquarters of Securities and Exchange Board of India (SEBl) are located in Mumbai. Its regional office is not located at
A
New Delhi
B
Bengaluru
C
Kolkata
D
Chennai
Question 8
Which city has emerged as the biggest IT Job provider?
A
Bengaluru
B
Chennai
C
Hyderabad
D
Mumbai
Question 9
Computer major IBM has entered into a strategic alliance with which state for impetus to e-governance and training people?
A
Uttar Pradesh
B
Uttranchal
C
Rajasthan
D
Tamil Nadu
Question 10
A financial instrument is called a 'primary security' if it represents the liability of ?
A
Some ultimate borrower
B
The Government of India
C
A primary cooperative bank
D
A commercial bank
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