Commerce exams sample papers

CA CPT Exam General Economics Practice Paper

SSC CHSL Reasoning Questions with Answers
Share with your Friends...
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Pin on Pinterest
Pinterest
Print this page
Print

CPT General Economics Online Test

Question 1
Larger production of ____ goods would lead to higher production in future.
A
Public goods
B
Consumer goods
C
Agricultural goods
D
Capital goods
Question 2
Which of the following has been specifically established to meet the requirements of credit of the farmers and villagers?
A
Regional Rural Banks
B
Regional Rural Banks
C
Regional Rural Banks
D
ICICI bank
Question 3
Who expressed the view that “Economics should be neutral between ends”?
A
Marshall
B
Adam Smith
C
Robbins
D
Pigou
Question 4
Work force refers to that part of:
A
population which is unemployed
B
population which is forced to work
C
labour force which is unemployed
D
labour force which is employed
Question 5
Price-taking firms, i.e., firms that operate in a perfectly competitive market, are said to be “small” relative to the market. Which of the following best describes this smallness?
A
The individual firm has assets of less than Rs.20 lakh
B
The individual firm is unable to affect market price through its output decisions
C
The individual firm must have fewer than 10 employees
D
The individual firm faces a downward-sloping demand curve
Question 6
Find the correct match:
A
Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses- Robbins
B
The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rode of money- Adam Smith
C
Science which deals with wealth- Alfred Marshall
D
An enquiry into the nature and causes of the wealth of the nation- A.C.Pigou.
Question 7
What implication does resource scarcity have for the satisfaction of wants?
A
We will never be faced with the need to make choices
B
We must develop ways to decrease our individual wants
C
Not all wants can be satisfied
D
The discovery of new natural resources is necessary to increase our ability to satisfy wants
Question 8
Which of the following statements is correct?
A
The production techniques are backward
B
Agriculture occupies 10 percent population of India
C
None
D
Nearly 5 percent population of India is below the poverty line
Question 9
The unsustainable levels of government deficits in the late 80’s can be attributed to:
A
poor returns on government investments
B
insufficient revenues
C
all of these
D
high levels of government expenditures
Question 10
Per capita national income means
A
Total capital / population
B
NNP / population
C
Total capital / population
D
Total capital / population
Question 11
Which is of the following statements is correct?
A
In India, we mainly use the concept of relative poverty for measuring poverty
B
Gini coefficients are often used for measuring poverty in relative sense.
C
None of these
D
When poverty is related to the distribution of income or consumption expenditure, it is absolute poverty
Question 12
The pre-condition for privatization to be successful requires:
A
capital markets should be sufficiently developed
B
liberalization and de-regulation of the economy
C
None of these
D
both of these
Question 13
Who is the official “lender of the last resort” in India?
A
PNB
B
SBI
C
SEBI
D
RBI
Question 14
As a result of the Industrial Policy,1991:

Related: Quantitative Aptitude (Numerical Ability) Question Bank

A
the public sector’s portfolio will be reviewed with greater realism. The focus will be on strategic high tech and essential infrastructure industries
B
the public sector’s management has been passed over to the private sector
C
the public sector has been stripped off all its power
D
the public sector has been given the commanding heights of the economy
Question 15
Money in traditional sense:
A
serves as both medium of exchange and store of value
B
serves as both medium of exchange and store of value
C
serves as a medium of exchange
D
serves as a store of value
Question 16
What is India’s rank in world population?
A
Third
B
Second
C
First
D
Fourth
Question 17
In describing a given production technology, the short run is best described as lasting
A
as long as all inputs are fixed
B
up to five years from now
C
up to six months from now
D
as long as at least one input is fixed
Question 18
Three steel plants in Bhilai, Rourkela and Durgapur were set up in the ______.
A
Third plan
B
Fourth plan
C
Second plan
D
First plan
Question 19
Which of the following statements is correct?
A
Monetary policy post Independence sought to keep the CRR at a very low level
B
The public sector was given a dominant position in the newly Independent India
C
The foreign trade policy post Independence allowed free trade of all goods and services
D
None of these
Question 20
Which of the following statements is incorrect?
A
The Indian road net work is one of the longest in the world
B
The National highways carry more than 40 percent of the total road traffic
C
The rural road network connects around 65 percent of all weather roads
D
Most of the State Road Transport Corporations are running on profits
Question 21
Which of the following statements about banks is incorrect?

Related: Questions on Fundamental Accounting Concepts

A
Banks mobilize savings and make them available for production
B
None
C
Banks encourage saving habits among people
D
Banks mobilize savings and make them available for production
Question 22
The industrial sector faced the process of retrogression and deceleration during
A
1980- 1995
B
1990-2005
C
1965 -1980
D
1950-1965
Question 23
The annual addition to the India’s population is almost equal to the total population of ___.
A
Japan
B
Australia
C
Pakistan
D
Bangladesh
Question 24
Indigo and Vistara are examples of:
A
private ships
B
private railways
C
private airlines
D
private schools
Question 25
In order to control credit:
A
CRR should be increased and Bank rate should be decreased
B
CRR should be reduced and Bank rate should be reduced
C
CRR should be increased and Bank rate should be increased
D
CRR should be reduced and Bank rate should be increased
Question 26
FRBM Act stands for:
A
Foreign Responsibility and Budget Management
B
Foreign Revenue and Business Management
C
Fiscal Revenue and Budget Management
D
Fiscal Responsibility and Budget Management
Question 27
Electricity generated from radioactive elements is called
A
thermal electricity
B
tidal energy
C
atomic energy
D
hydel electricity
Question 28
Under _____ market condition, firms make normal profits in the long run.
A
Oligopoly
B
None of these
C
Monopoly
D
Perfect Competition
Question 29
India’s passing through _________ stage of demographic transition
A
fourth
B
first
C
second
D
third
Question 30
According to the NSS:
A
unemployment rates on the basis of current daily status were lower than those on the basis of usual status
B
unemployment rates on the basis of current daily status were same as those on the basis of usual status
C
none of these
D
unemployment rates on the basis of current daily status were higher than those on the basis of usual status
Question 31
Fiscal policy means:
A
None
B
policy relating to money and banking in a country
C
policy relating to non banking financial institutions
D
policy relating to public revenue and public expenditure
Question 32
Which of the following pairs of goods is an example of substitutes?
A
Tea and sugar
B
Tea and coffee
C
Pen and ink
D
Shirt and trousers
Question 33
The green revolution is also known as
A
forest revolution
B
maize revolution
C
rice revolution
D
wheat revolution
Question 34
Find the tax which is direct tax among the following:
A
Customs Duty
B
GST
C
Excise duty
D
Personal income tax
Question 35
Suppose the demand for meals at a medium-priced restaurant is elastic. If the management of the restaurant is considering raising prices, it can expect a relatively:

Related: State and National Political Parties List

A
large fall in demand
B
small fall in quantity demanded
C
large fall in quantity demanded
D
small fall in demand
Question 36
In the theory of demographic transition in the last stage
A
birth rate rises, death rate rises
B
birth rate falls, death rate falls
C
birth rate falls, death rate rises
D
birth rate falls, death rate rises
Question 37
In the production of wheat, all of the following are variable factors that are used by the farmer except:
A
the tractor used by the farmer in planting and cultivating not only wheat but also corn and barley
B
the number of hours that the farmer spends cultivating the wheat fields
C
the seed and fertilizer used when the crop is planted
D
the seed and fertilizer used when the crop is planted
Question 38
A firm encounters its “shutdown point” when:
A
average total cost equals price at the profit-maximizing level of output
B
average fixed cost equals price at the profit-maximizing level of output
C
marginal cost equals price at the profit-maximizing level of output
D
average variable cost equals price at the profit-maximizing level of output
There are 38 questions to complete.
Share with your Friends...
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Pin on Pinterest
Pinterest
Print this page
Print

About the author

Vishal Arora