71. What is the balance of trade of a country?

  • (A) Ratio of international trade
  • (B) Number of exports
  • (C) Difference between imports and exports
  • (D) Number of imports

72. The financial year in India starts from 1st April and ends on ________.

  • (A) 30th June
  • (B) 31st March
  • (C) 31st July
  • (D) 31st May

73. Which of the following measures can be adopted by the government to reduce revenue deficit?

  • (A) Offering freebies
  • (B) Increasing subsidies
  • (C) Increasing money supply
  • (D) Tax reforms

74. What is a revenue deficit in the government budget?

  • (A) The excess of expenditure over revenue, excluding interest payments on debt
  • (B) The excess of revenue over expenditure, including interest payments on debt
  • (C) The excess of revenue over expenditure, excluding interest payments on debt
  • (D) The excess of expenditure over revenue, including interest payments on debt

75. 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

76. 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

77. 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

78. 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

79. 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

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

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

Total Quizz:- 604

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