Civil Services Exams-INDIAN ECONOMY TEST - 5

  • a.) 
    When people get less income, they save more.
  • b.) 
    When people try to save more, they actually end up saving less. 
  • c.) 
    Savings may not be always helpful for the economy.
  • d.) 
    Large amount of savings actually discourages investment. 
  • a.) 
    Goods produced by wage earners 
  • b.) 
    Goods produced by employment guarantee labourers
  • c.) 
    Goods produced for wage earners 
  • d.) 
    Goods produced by the government and provided freely to the low-income people 
  • a.) 
    There is high demand and low supply 
  • b.) 
    There is low demand and high supply 
  • c.) 
    Sellers have monopoly control over price 
  • d.) 
    Buyers have complete control over large number of sellers
  • a.) 
    1, 2, and 3 
  • b.) 
    1 and 2 
  • c.) 
    2 and 3
  • d.) 
    3 only 
  • a.) 
    There is a preference for future consumption 
  • b.) 
    There is a preference for current consumption 
  • c.) 
    There is the possibility of high level of imports
  • d.) 
    There is the chance for boom in the near future
  • a.) 
    1 and 2 correct
  • b.) 
    Only 1 is correct
  • c.) 
    Only 2 is correct 
  • d.) 
    Neither 1 nor 2 is correct 
  • a.) 
    1, 2, and 3 
  • b.) 
    1 and 2 
  • c.) 
    2 and 3
  • d.) 
    3 only 
  • a.) 
    Demand for consumer goods
  • b.) 
    Saving level in the economy 
  • c.) 
    Interest rate 
  • d.) 
    Money supply 
  • a.) 
    All sections of the society 
  • b.) 
    People from other countries 
  • c.) 
    Provided to people who make a compulsory payment
  • d.) 
    Provided to certain sections of the society 
  • a.) 
    1 and 2 correct
  • b.) 
    Only 1 is correct
  • c.) 
    Only 2 is correct 
  • d.) 
    Neither 1 nor 2 is correct 
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