Multiple Choice Questions

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Who gave the 'General Equilibrium Theory'?

  • J.M. Keynes

  • Leon Walras

  • David Ricardo

  • Adam Smith


B.

Leon Walras


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Which one of the following is also regarded as Disguised unemployment?

  • Underemployment

  • Frictional Unemployment

  • Seasonal Unemployment

  • Cyclical Unemployment


Which among the following sponsors Regional Rural Banks (RRB'S)?

  • Reserve Bank of India

  • Foreign Banks

  • National Commercial Banks

  • Co-operative Banks


In which market form, a market or industry is dominated by a few firms?

  • Perfect Competition

  • Monopoly

  • Oligopoly

  • Monopolistic


Which among the following is not an account under Balance of Payment?

  • Current Account

  • Capital Account

  • Official Reserves Account

  • Unilateral Payments Account


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The 7th pay commission has retained the rate of annual increment of............

  • 2%

  • 2.57%

  • 3%

  • 3.5%


Which of the following is not true about a Demand Draft?

  • It is a negotiable instrument.

  • It is a banker's cheque.

  • It may be dishonoured for lack of funds.

  • It is issued by the bank.


Match the following.

Term Meaning
1. Globalisation a. Process of reducing or removing restrictions on international trade
2. Privatisation b. Process of interation and integration among the people, companies and government of different nations.
3. Liberalisation c. Called as denationalization or disinvestment.

  • 1 - c,  2 - a,  3 - b

  • 1 - b,  2 - c,  3 - a

  • 1 - b,  2 - a,  3 - c

  • 1 - c,  2 - b,  3 - a


In which market form, a market or an industry is dominated by a single seller?

  • Oligopoly

  • Monopoly

  • Duopoly

  • Monopolistic Competition


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When there is only one buyer and one seller of product, it is called .............situation.

  • public monopoly

  • bilateral monopoly

  • franchised monopoly

  • monopsony


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