Dear readers, here we are providing you a some Economics questions which can be useful in your upcoming SBI PO exam.
1. Which of the following measures should be taken when an economy is going through inflationary pressures?
A. The Direct taxes should increased
B. The Interest rate should be reduced
C. The public spending should be increased
Select the correct answer from the options given below
(1) Only A (2) Only B
(3) Only B & C (4) Only A & B
2. National Income is generated from:
(1) Any money making activity
(2) Any labourios activity
(3) Any profit-making activity
(4) Any productive
3. The term stagflation refers to a situation where:
(1) Growth has no relation with the change in prices
(2) Rate of Growth and Prices both are decreasing
(3) Rate of Growth is faster than the rate of prices increase
(4) Rate of Growth is slower than the rate of prices increase
4. Gross Domestic Product is defined as the value of all:
(1) Goods produced in an economy in a year
(2) Goods and services produced in an economy in a year
(3) Final Goods produced in an economy in a year
(4) Final Goods and services produced in an economy in a year
5. The Draft of the Five Year Plans in India is approved by the:
(1) National Development Council
(2) Planning Commission
(3) National Productivity Council
(4) Ministry of Finance
6. Deficit financing implies-
(1) Printing new currency notes
(2) Replacing new currency with worn out currency
(3) Public revenue in excess of public expenditure
(4) Public expenditure in excess of public revenue
7. Depreciation means:
(1) Closure of a plant due to lockout
(2) Closure of a plant due to labor trouble
(3) Loss of equipment over time due to wear tear
(4) Destruction of plant in a fire accident
8. During periods of Inflation, tax rates should:
(1) Increase
(2) Decrease
(3) Remain Constant
(4) Fluctuate
9. Devaluation of a currency means
(1) reduction in the value of a currency vis-a-vis major internationally traded currencies
(2) permitting the currency to seek its worth in the international market
(3) fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
(4) fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners
10. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
(1) increase it
(2) decrease it
(3) no impact
(4) None of the above
Answers:
| 1 | 1 | 6 | 4 |
| 2 | 1 | 7 | 3 |
| 3 | 4 | 8 | 1 |
| 4 | 4 | 9 | 1 |
| 5 | 1 | 10 | 1 |
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