Principles of Economics and Management MCQs | Page - 2

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M

Mr. Dubey • 100.69K Points
Coach

Q. ____ is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks.

  • (A) Repo rate
  • (B) Bank rate
  • (C) Prime lending rate
  • (D) Reverse repo rate
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M

Mr. Dubey • 100.69K Points
Coach

Q. Which among the following is a function of the Reserve Bank of India?

  • (A) Bank issues the letters of credit to their customers certifying their creditability
  • (B) Collecting and compilation of statistical information relating to banking & other financial sectors
  • (C) Banks under write the securities issued by public or private organizations
  • (D) Accepting deposits from the public
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M

Mr. Dubey • 100.69K Points
Coach

Q. The following is the direct tax among:

  • (A) House tax
  • (B) Entertainment tax
  • (C) Service tax
  • (D) Value added tax
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M

Mr. Dubey • 100.69K Points
Coach

Q. Which among the following is a cause of inflation?

  • (A) Deficit financing
  • (B) Rise in external loans
  • (C) Unfavorable balance of payment
  • (D) A hike in the CRR by the central bank of the country
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M

Mr. Dubey • 100.69K Points
Coach

Q. The capital that is consumed by an economy or a firm in the production process is known as:

  • (A) Capital loss
  • (B) Production cost
  • (C) Dead-weight loss
  • (D) Depreciation
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M

Mr. Dubey • 100.69K Points
Coach

Q. Which of the following is also known as International Bank for Reconstruction and Development?

  • (A) Asian Development Bank
  • (B) World Bank
  • (C) Reserve Bank of India
  • (D) International Monetary Fund
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M

Mr. Dubey • 100.69K Points
Coach

Q. A change in fiscal policy affects the balance of payments through:

  • (A) The current account only
  • (B) The capital account only
  • (C) Both, the current account and capital account
  • (D) Neither current account nor capital account
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M

Mr. Dubey • 100.69K Points
Coach

Q. Fiscal Policy means:

  • (A) Policy relating to money and banking in a country
  • (B) Policy relating to non-banking financial institutions
  • (C) Policy relating to government spending’ taxation and borrowing
  • (D) Policy relating to financial matters of international trade
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M

Mr. Dubey • 100.69K Points
Coach

Q. Which one of the following is NOT the objective of fiscal policy of government of India?

  • (A) Full employment
  • (B) Price stability
  • (C) Regulation of inter-state trade
  • (D) Economic growth
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M

Mr. Dubey • 100.69K Points
Coach

Q. Monetary policy is implemented by in India.

  • (A) The Ministry of Finance
  • (B) Planning Commission
  • (C) The Parliament
  • (D) Reserve Bank of India
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