Q. Liberalisation, Privatisation and Globalisation are the aims of -
1) Economic Planning
2) Socialistic pattern of society
3) Land Reforms
4) Economic Reforms
Q. Which one of the following committees examined and suggested financial sector reforms in India?
1) Bhagawati Committee
2) Abid Hussain Committee
3) Narsimham Committee
4) Chelliah Committee
Q. The rate of interest at which Reserve Bank of India lends short term funds to the Commercial Banks is known as -
1) Repo Rate
2) Reverse Repo Rate
3) Prime Lending Rate (PLR)
4) None of the above
Q. The most appropriate measure of a country's economic growth is -
1) Gross Domestic Product (GDP)
2) Net Domestic Product
3) Net National Product
4) Per Capita Product
Q. A letter of credit is produced by -
1) an exporter
2) an importer
3) Coustom authorities
4) Shipping company
Q. Which one of the following does not contribute to the rural economy?
1) Pastoralism
2) Cottage industry
3) Practice of lending personal money
4) Accessibility of good tools
Q. Market is an economic leads to which of the following trends?
1) Individualism
2) Consumerism
3) Holism
4) Capitalism
Q. When the total product remains constant, the marginal product will be -
1) Zero
2) Negative
3) Positive
4) Constant
Q. Demand of agricultural products is found to be -
1) Elastic
2) Zero elastic
3) Inelastic
4) Infinite elastic
Q. 'AGMARK' is related with -
1) Processing
2) Quality
3) Packaging
4) None of the above
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