Q:

If cash reserve ratio decreases, credit creation will _______.

A) increase	B) decrease
C) does not change	D) first decreases than increases

Answer & Explanation Answer: A) increase

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Q:

Under GST regime, in ‘Composition Scheme’, taxpayers have to fill returns ______.

A) Monthly	B) Half-yearly
C) Quarterly	D) Bi-Monthly

Answer & Explanation Answer: C) Quarterly

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Q:

__________ is defined as the output per unit of variable input

A) Marginal product	B) Production function
C) Total product	D) Average product

Answer & Explanation Answer: D) Average product

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Q:

For a price taking firm, average revenue is ______ market price.

A) half of	B) equal to
C) double of	D) less than

Answer & Explanation Answer: B) equal to

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Q:

If tea companies start using mechanised tea leave pickers

A) more people would want to work as tea leave pickers	B) unemployment of tea leave pickers will decrease
C) more tea will be produced per acre	D) then wages for manual tea leave pickers will fall

Answer & Explanation Answer: D) then wages for manual tea leave pickers will fall

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Q:

Which of the following is NOT included in general methodology while assessing the national income?

A) Pension	B) Investment Expenditure
C) Value added	D) Consumption Expenditure

Answer & Explanation Answer: A) Pension

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Q:

Which of the following best describes monetary policy?

A) Managing the economy by controlling the money supply	B) Determining the design printed on the national currency
C) Regulating transactions in the currency exchange market	D) Raising and lowering the foreign exchange rate

Answer & Explanation Answer: A) Managing the economy by controlling the money supply

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Q:

Which north-eastern state of India has signed up to host the 39th National Games in the year 2022?

A) Meghalaya	B) Mizoram
C) Manipur	D) Tripura

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