21. What is/are the objective(s) of Fiscal Policy? 1) Boost growth 2) Control inflation

  • (A) Neither 1 nor 2
  • (B) Both 1 and 2
  • (C) Only 2
  • (D) Only 1

22. The velocity of circulation of money will be higher when the ________ is less than the requirements of the economy.

  • (A) velocity of money
  • (B) elasticity of money
  • (C) demand for money
  • (D) supply of money

23. What is the impact of proportional taxes?

  • (A) Increases the marginal propensity to consume
  • (B) Reduces the autonomous expenditure multiplier
  • (C) Increases the induced expenditure multiplier
  • (D) Increases the autonomous expenditure multiplier

24. Intervention by the monetary authority of a country in the money market to keep money supply stable against exogenous or sometimes external shocks is called _____.

  • (A) sterilisation
  • (B) capitalisation
  • (C) conservation
  • (D) neutralisation

25. Which of the following refers to the purchase and sale of government securities?

  • (A) Bank rate
  • (B) Open market operations
  • (C) Reserve ratio
  • (D) High powered money

26. Price control and rationing are direct control measures to check ________.

  • (A) disinflation
  • (B) deflation
  • (C) inflation
  • (D) reflation

27. What is the use of Net National Product (NNP)?

  • (A) To calculate per capita income
  • (B) To calculate exports
  • (C) To calculate balance of payments
  • (D) To calculate imports

28. Which cost is considered for calculating the national income in India?

  • (A) Factor cost
  • (B) Product cost
  • (C) Market cost
  • (D) Sunk cost

29. In India, statutory liquidity ratio is fixed by _____.

  • (A) India Brand Equity Foundation
  • (B) State government
  • (C) Commercial banks
  • (D) Reserve Bank of India

30. The Central Office of the Reserve Bank of India was initially established in which present city in 1935?

  • (A) Delhi
  • (B) Mumbai
  • (C) Kolkata
  • (D) Chennai

Total Quizz:- 604

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