Economics-Indian Economics (NTSE Stage-1 (State-Level) Scholastic-Aptitude & Language Comprehension): Questions 6 - 11 of 25

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Question number: 6

» Economics » Indian Economics

MCQ▾

Question

Unemployment occurs when people

Choices

Choice (4) Response

a.

are working in a lazy manner

b.

are not paid for their work

c.

do not want to work

d.

are working less than what they are capable of doing

Question number: 7

» Economics » Indian Economics

MCQ▾

Question

Per capita income is calculated in which of the following currency?

Choices

Choice (4) Response

a.

Dollars

b.

Euro

c.

Pond

d.

Currency of country

Question number: 8

» Economics » Indian Economics

MCQ▾

Question

The banks use the major portion of the deposits to

Choices

Choice (4) Response

a.

increase their capital wealth

b.

to help the government by giving it to the government

c.

to extend loans

d.

All of the above

Question number: 9

» Economics » Indian Economics

MCQ▾

Question

Consider the following statements.

I. Cheque is a paper instructing the bank to pay a specific amount from the persons account to the person whose name the cheque has been issued.

II. The facility of cheque makes it possible to directly settle payments without the use of cash.

III. They constitute money in the modern economy.

Which of the above statements is/are true about the cheque?

Choices

Choice (4) Response

a.

I and III

b.

Only II

c.

Only I

d.

All a. , b. and c. are correct

Question number: 10

» Economics » Indian Economics

MCQ▾

Question

Which sector has maximum contribution in India’s GDP?

Choices

Choice (4) Response

a.

Services

b.

Manufacturing

c.

Industries

d.

Agriculture

Question number: 11

» Economics » Indian Economics

MCQ▾

Question

The per capita income is calculated in dollars for all countries because

Choices

Choice (4) Response

a.

dollar is the currency of maximum countries

b.

dollar is widely accepted currency

c.

to make comparison easier

d.

None of the above

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