Social Science MCQ – 38
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Q.1: The term ‘Growth rate of population’ is defined as?
- The number of births per thousand people
- The difference between birth and death rates
- The difference in population between urban and rural area
- The difference of growth between male and female
Q.2: The term ‘Knowledge Worker’ was popularized by?
- Peter Drucker
- Max Weber
- H. Fayol
- Elton Mayo
Q.3: The term ‘Letter of Credit’ as used frequently in bank transactions is best defined as?
- An unconditional undertaking given by a bank ensuring the payment of a particular amount to the drawee at a given date
- An order from a bank to another bank abroad authorising the payment of a particular amount to a person named in the letter
- Statement showing outstanding deposits and credits of a bank for a particular period
- Letter by a bank to a person stating the terms and conditions of the loan sanctioned to him by the bank
Q.4: The term ‘Market Price’ indicates?
- Total goods and services available
- Total spending on home and foreign goods
- Cost in terms of payments to factor of production
- Actual expenditure in terms of price paid for goods and services
Q.5: The term ‘Personal disposable income’ is meant to indicate ?
- Personal income-indirect tax
- Personal income-direct tax + fines + fees + social security contribution by employers
- Personal income – direct tax + fines + fees
- None of the above
Q.6: The term ‘Poverty Gap’ is meant to indicate ?
- Gap between developed nations and developing nations
- Gap between the rich and the poor
- The difference between poverty line and actual income levels of all those living below that line
- Gap in infrastructural facilities between developed and developing nations
Q.7: The term ‘Repo rate’ is meant to indicate ?
- The Reserve Bank of India lends to banks
- The international aid agencies lend to Reserve Bank of India
- The Reserve Bank of India lends to State Government
- The banks lend to Reserve Bank of India
Q.8: The term ‘Satisficing’ was coined by?
- Boston consulting group
- Spencer
- Simon
- Helmer
Q.9: The term ‘Total Domestic Expenditure indicates?
- Total goods and services available
- Total spending on home and foreign goods
- Cost in terms of payments to factor of production
- Actual expenditure in terms of price paid for goods and services
Q.10: The term “Market Lifeblood” will imply?
- Market information
- Market intelligence
- Market conglomeration
- Market structure
Social Science MCQ – 38
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