BANKING TERMS RELATED OBJECTIVE

Q. The difference between visible exports and visible imports is defined as—
1 Balance of trade
2 Balance of payment
3 Balanced terms of trade
4 Coins from trade
Ans: 1
Q. Given the money wages, if the price level in an economy increases, then the real wages will—
1 Increase
2 Decrease
3 Remain constant
4 Become flexible
Ans: 2
Q. The World Trade Organisation (WTO) was earlier known as—
1 GATT
2 UNICEF
3 UNCTAD
4 FAO
Ans: 1
Q. A firm is in equilibrium when its—
1 Marginal cost equals the marginal revenue
2 Total cost is minimum
3 Total revenue is maximum
4 Average revenue and marginal revenue are equal
Ans: 1
Q. In the law of demand, the statement ‘other things remain constant’ means—
1 Income of consumer should not change
2 Prices of other goods should not change
3 Taste of consumer should not change
4 All of the above
Ans: 4
Q. Special Economic Zones are being set up in—
1 Agra, Kanpur and Modinagar
2 Agra, Kanpur and Greater Noida
3 Meerut, Moradabad, Kanpur and Noida
4 Moradabad, Kanpur, Noida and Greater Noida
Ans: 2
Q. Select the one which is not the responsibility of Gram Sabha under the Rural Employment Guarantee Act, 2005
1 To recommend projects to the Gram Panchayat and prepare list of possible works
2 To receive applications for work and issue a dated receipt
3 To monitor the execution of works within the Gram Panchayat
4 To conduct regular social audits of all the projects taken up with in the Gram Panchayat
Ans: 2
Q. A labour intensive industry is one that—
1 Requires hard manual labour
2 Pays adequate wages to the labour
3 Employs more hands
4 Provides facilities to labour
Ans: 3
Q. Invisible export means export of—
1 Services
2 Prohibited goods
3 Unrecorded goods
4 Goods through smuggling
Ans: 1
Q. Which among the following targets for 11th Plan (2007-12) is incorrect?
1 Double per capita income by 2016-17
2 GDP growth rate to be increased to 10 percent
3 Farm sector growth to be increased to 6 percent
4 Literacy rate to be increased to 80%
Ans: 3