General Knowledge and General Studies Quiz for RRB NTPC & SSC CGL: Set 190

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General Knowledge and General Studies Quiz: Set 190

Topic: Economics

1. National Rural Development Institute is situated at ?
   (a) Hyderabad
   (b) Bangalore
   (c) Delhi
   (d) Chennai
2. National Income estimates in India is prepared by
   (a) Finance Ministry
   (b) RBI
   (c) Planning Commission
   (d) CSO
3. Which crop is sown on the largest area in India?
   (a) Maize
   (b) Rice
   (c) Wheat
   (d) Sugarcane
4. Consumer Protection Act (CORPA) was implemented in ?
   (a) 1986
   (b) 1980
   (c) 1900
   (d) 1982
    
5. Which tax is collected by Panchayats
   (a) Tax on Local Fairs
   (b) Sales Tax
   (c) Custom Duty
   (d) Goods Tax
    
6. Foreign currency which has a tendency of quick migration is called
   (a) Scarce Currency
   (b) Soft Currency
   (c) Hard Currency
   (d) Hot Currency
    
7. The zero price elasticity of demand (ep=0) is also called as
   (a) perfectly inelastic demand
   (b) perfectly elastic demand
   (c) unitary elasticity of demand
   (d) point elasticity of demand
    
8. Price effect is a combination of
   (a) income effect and consumption effect
   (b) consumption effect and substitution effect
   (c) income effect and substitution effect
   (d) income effect and investment effect
    
9. Engel curve shows the relationship between
   (a) two goods, say X and Y
   (b) level of income and quantity purchased
   (c) level of income and consumption
   (d) level of income and the relative prices of the commodities
    
10. Which of the following theories of business cycle was put forward by Hicks?
    (a) The innovation theory
    (b) The monetary theory
    (c) The over investment theory
    (d) The multiplier accelerator theory

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