Dear Students, Intelligence Bureau ACIO Exam 2017 Will be conducted on 15th October 2017. Not much time left for the preparation. At Adda247, we are providing questions for General Awareness section. Today, in this quiz we shall study Economics Questions for IB ACIO Exam, Study and Score great marks in the Exam. We wish you all the very best for the exam.
Q1. Devaluation of currency will be more beneficial if
(a) prices of domestic goods remain constant
(b) prices of exports remain constant
(c) prices of imports remains constant
(d) prices of exports rise proportionately
Q2. If the RBI adopts an expansionist open market operations policy, this means that it will
(a) buy securities from non-government holders
(b) sell securities in the open market
(c) offer commercial banks more credit in the open market
(d) openly announce to the market that it intends to expand credit
Q3. Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to
(a) 80 percent
(b) 83 percent
(c) 90 percent
(d) 100 percent
Q4. The capital of IMF is made up by the contribution of–
(a) Credit
(b) Deficit Financing
(c) Member Nations
(d) Borrowings
Q5. According to whom the second chamber is unnecessary & bad?
(a) Monkahour
(b) Bentham
(c) Seale
(d) Loosky
Q6. Which of the following does not determine the supply of labour?
(a) Size and age-structure of population
(b) Nature of work
(c) Marginal productivity of labour
(d) Work-leisure ratio
Q7. National Income refers to–
(a) Money value of goods produced in a country during a year
(b) Money value of stocks and shares of a country during a year
(c) Money value of all economic activities produced by a country during a year
(d) Money value of consumer goods produced by a country during a year
Q8. If prices rise, the direct real burden of public debt will
(a) Also increase
(b) Fall
(c) Remain unchanged
(d) Be uncertain
Q9. For revival and restructure of weak banks of the public sector, which committee was constituted?
(a) Verma Committee
(b) Goiporia Committee
(c) Rekhi Committee
(d) Narsimham Committee
Q10. Open market operation means
(a) Borrowing by scheduled banks from the Central Bank
(b) Purchase and sale of Government Securities by theCentral Bank
(c) Lending by Commercial Banks to industry and trade
(d) Deposit mobilization
Q1. Devaluation of currency will be more beneficial if
(a) prices of domestic goods remain constant
(b) prices of exports remain constant
(c) prices of imports remains constant
(d) prices of exports rise proportionately
Q2. If the RBI adopts an expansionist open market operations policy, this means that it will
(a) buy securities from non-government holders
(b) sell securities in the open market
(c) offer commercial banks more credit in the open market
(d) openly announce to the market that it intends to expand credit
Q3. Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to
(a) 80 percent
(b) 83 percent
(c) 90 percent
(d) 100 percent
Q4. The capital of IMF is made up by the contribution of–
(a) Credit
(b) Deficit Financing
(c) Member Nations
(d) Borrowings
Q5. According to whom the second chamber is unnecessary & bad?
(a) Monkahour
(b) Bentham
(c) Seale
(d) Loosky
Q6. Which of the following does not determine the supply of labour?
(a) Size and age-structure of population
(b) Nature of work
(c) Marginal productivity of labour
(d) Work-leisure ratio
Q7. National Income refers to–
(a) Money value of goods produced in a country during a year
(b) Money value of stocks and shares of a country during a year
(c) Money value of all economic activities produced by a country during a year
(d) Money value of consumer goods produced by a country during a year
Q8. If prices rise, the direct real burden of public debt will
(a) Also increase
(b) Fall
(c) Remain unchanged
(d) Be uncertain
Q9. For revival and restructure of weak banks of the public sector, which committee was constituted?
(a) Verma Committee
(b) Goiporia Committee
(c) Rekhi Committee
(d) Narsimham Committee
Q10. Open market operation means
(a) Borrowing by scheduled banks from the Central Bank
(b) Purchase and sale of Government Securities by theCentral Bank
(c) Lending by Commercial Banks to industry and trade
(d) Deposit mobilization
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