Social Science MCQ – 8

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Q.1: Central Bank’s open market operations are sale and purchase of ?

1. Government securities
2. Corporate securities
3. Foreign currencies
4. Trade bills

Q.2: Classification of countries according to development by World Bank is based on?

1. Per capita income
2. Agricultural income
3. National income
4. Population

Q.3: COIK fallacy was proposed by ?

1. Leagans
2. Dale
3. Both A and B
4. De Kieffer

Q.4: Consumer’s surplus is maximum in?

1. Comforts
2. Necessities
3. Luxuries
4. None of the above

Q.5: Convertibility property of the rupee indicates ?

1. Allowing the value of the rupee to be fixed by market forces
2. Freely permitting the conversion of rupee to other major currencies and vice versa
3. Being able to convert rupee notes into gold
4. Developing an international market for currencies in india

Q.6: Cost-Push Inflation was accounted by which of the following situations?

1. Increase in indirect taxation
2. Increase in money supply
3. Increase in non-plan expenditure
4. Increase in population

Q.7: Credit can otherwise expressed as a?

1. Productive Input
2. Indirect Input
3. Critical Input
4. Capital Input

Q.8: Criticism of Maslow hierarchy of needs theory was done by?

1. J. Lloyd Suttle
2. E. Lawler
3. Both A and B
4. Clayton Alderfer

Q.9: Currency devaluation consequences to ?

1. Increase in domestic prices
2. No impact on domestic prices
3. Erratic fluctuations in domestic prices
4. Fall in domestic prices

Q.10: Decisions regarding enterprise selection are termed as ?

1. Administrative decisions
2. Buying decisions
3. Marketing decisions
4. Operational decisions

Social Science MCQ – 8

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