ECONOMICS IMP Term

T O P MCQs Part - 2 HINDI & ENGLISH

🏆 Repo Rate, SLR, CRR, Inflation

🏆 Lorenz Curve – Income Distribution
🏆 Father Of Economics – Adam Smith
🏆 Economic Survey – Finance Ministry
NTPC | BPSC | Group D | SSC | Bank | UPSC | NDA
REPO rate: Re Purchase Option (REPO): Rate at which the
RBI gives loans to other banks.

Reverse REPO rate: Rate at which the RBI borrows from

other banks. It is lower than the REPO rate.

SLR: Statutory Liquidity Ratio (SLR): The percentage of

liquid cash reserves every bank has to keep with
themselves.
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Monetary Policy: Process by which the central bank in a
country controls the supply of money. In India, the
central bank is the Reserve Bank of India (RBI).

CRR: Cash Reserve Ratio (CRR): The percentage of liquid

cash every bank has to keep with the RBI. It is a
percentage of their deposits.

Depreciation: A decrease in the value of an asset over

time due to wear and tear.
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 Financial market- Refers to a market or marketplace
where financial assets are bought and sold. A common
example of a financial market is a stock exchange.

Inflation- In its simplest terms, when there is inflation

there is a rise in the prices charged for goods and
services. Where an economy has inflation, the cost of
living tends to rise.

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निम्िलिखित में से कौि 'िोरेंज वक्र' द्वारा दर्ााया गया है ?
Which of the following is represented by ‘Lorenz Curve’?
[A] Inflation
[B] Income Distribution
[C] Employment
[D] Deflation In economics, the Lorenz curve is a
graphical representation of the
Ans :B
distribution of income or of wealth. It
was developed by Max O. Lorenz in 1905
for representing inequality of the wealth
distribution.

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यदद ककसी वस्तु के स्थािापन्िों की संख्या अधिक है , तो इस वस्तु की मांग
_______ होगी?
If a commodity has more number of substitutes, the
demand for this commodity will be _______?
[A] more elastic
[B] less elastic Substitute goods are those goods which can be
[C] inelastic used in place of each other. Examples of
[D] perfectly elastic substitute goods are : tea and coffee; ghee and
edible oil. In case of substitute goods like tea
Ans :A and coffee, demand for a commodity falls with
a fall in the price of other substitute goods.
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निम्िलिखित में से कौि स्थािापन्ि वस्तओ ु ं का उदाहरण है??

Which among the following is an example of substitute
goods?
[A] Milk and Coffee
[B] Pen and Paper In microeconomics, two goods are
[C] Ink and Pen substitutes if the products could be
[D] Tea and coffee used for the same purpose by the
consumers.
Ans :D

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निम्िलिखित में से कौि बाजार मल् ू य में र्ालमि है?

Which of the following is included in market price?
[A] Indirect taxes
[B] Direct taxes
[C] Subsidies
An indirect tax is a tax that is levied upon
[D] None of the above
goods and services before they reach the
customer who ultimately pays the
Ans :A indirect tax as a part of market price of
the good or service purchased.

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निम्िलिखित में से कौि उत्पादि का कारक है?

Which among the following is a factor of production?
[A] Land
[B] Rent
The factors of production are resources that
[C] Profits are the building blocks of the economy; they
[D] Interest are what people use to produce goods and
Ans :A services.
Economists divide the factors of production
into four categories: land, labor, capital, and
entrepreneurship.
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अथार्ास्र के पपता के रूप में ककसे जािा जाता है?

Who is known as the father of Economics ?
[A] Max Muller
[B] Adam Smith Adam Smith was an 18th-century
[C] Karl Marx Scottish philosopher. He is
[D] None of these above considered the father of modern
economics. Smith is most famous
for his 1776 book, "The Wealth of
Ans :B Nations."अथार्ास्र

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निम्िलिखित में से कौि-सा निकाय पंचवर्षीय योजिा प्रस्तावों को

अंनतम रूप दे ता है ??
Which one of the following bodies finalizes the Five Year Plan
Proposals ?
[A] Planning Commission
[B] Union Cabinet
[C] National Development Council
[D] Ministry ofPlanning
Founded: 6 August 1952
Ans :C
Agency executive: Shri Narendra
Modi, Prime Minister of India
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आधथाक सवेक्षण ककसके द्वारा प्रकालर्त ककया जाता है?
Economic survey is published by?
[A] Ministry of Finance
[B] Planning Commission
[C] Govt of India
[D] Indian Statistical Institute
Ans :A
Economic Survey is the
flagship annual document
of the Ministry of finance.
Founded: 29 October 1946
Headquarters: New Delhi
Officeholders: Nirmala
Sitharaman (Minister),
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10

भारत में योजिा आयोग के अध्यक्ष कौि हुआ करते थे??

Who used to be the Chairman of the Planning Commission in
India ?
[A] President The Prime Minister is the Chairman of the
[B] Vice President Planning Commission, which works under
[C] Prime Minister the overall supervision of the National
[D] Finance Minister Development Council. The Deputy
Chairman and the full-time members of
Ans :C
the Commission, as a composite body,
provide advice and direction to the subject
Divisions for the formulation of Five Year
Plans, Annual Plans, State PlansNational
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मौजदू ा एसईजेड िीनत का अध्ययि करिे के लिए वाखणज्य मंरािय द्वारा कौि
सी सलमनत का गठि ककया गया था?
Which committee was constituted by the Ministry of Commerce to
study the existing SEZ policy?
Baba Kalyani committee
Ministry of Commerce and Industry
Panchi committee
constituted a committee headed by
Ranganathan Committee
Mr Baba Kalyani, chairman & MD,
None of the above
Bharat Forge limited in June 2018 to
Ans :A study the existing Special Economic
Zone (SEZ) of India and prepare a
policy framework
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ऐसी अथाव्यवस्था जजसका र्ेर्ष पवश्व से कोई संबंि िह ं है,

कहिाती है??
An economy which does not have any relation with the
rest of the world is known as?
[A] Mixed economy
A closed economy is one that has no
[B] Open economy
trading activity with outside economies.
[C] Closed economy The closed economy is therefore entirely
[D] Socialist economy self-sufficient, which means no imports
Ans :C come into the country and no exports
leave the country.
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भारत में पंचवर्षीय योजिाओं की अविारणा ककसके द्वारा र्रू ु

की गई थी?
The concept of Five Year Plans in India was introduced by
whom?
Prime Minister Jawaharlal Nehru
[A] Jawaharlal Nehru* presented the First Five-Year Plan to
[B] Indira Gandhi the Parliament. Five-Year Plans were a
[C] Lal Bahadur Shastri formal model of planning adopted by
[D] Morarji Desai the Indian government after
Ans :A Independence, for an effective and
balanced utilisation of resources.
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भारत में ककस क्षेर में सावाजनिक क्षेर का सवााधिक दबदबा है?
In which sector, the Public Sector is most dominant in
India ?
[A] Transport
[B] Commercial banking*
[C] Steel production
[D] Organized term-lending financial institutions

Ans :B
A commercial bank is a financial
institution that provides various financial
service, such as accepting deposits and INDOL OGUS
issuing loans. .
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भासावाजनिक बजट में, र्न्ू य-आिार बजट पहि बार ककस दे र् में पेर् ककया
गया था?
In public budgets, zero-base budgeting was first introduced in which
country?
Zero Base Budgeting was first evolved in USA in
[A] UK 1970 by Peter Phyrr which is an approach to
[B] USA make the budget from the scratch that is zero
[C] France base. It is a method of budgeting where all the
expenses of a business are justified and
[D] Sweden approved for each new period of the company.
Ans :B

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