Geography-Resources and Development (NTSE Stage-1 (State-Level) Scholastic-Aptitude & Language Comprehension): Questions 1 - 5 of 9

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Question number: 1

» Geography » Resources and Development

MCQ▾

Question

Intermediate goods are not considered in the gross domestic product because

Choices

Choice (4) Response
a.

they don’t have any economic value

b.

Their value is implicitly included in the prices of final goods

c. All of the above
d. Question does not provide sufficient data or is vague

Question number: 2

» Geography » Resources and Development

MCQ▾

Question

Currency is accepted as a medium of exchange because

Choices

Choice (4) Response
a.

it is easy to handle

b.

the currency is authorized by the government of the country

c.

it has the backing of the people

d. All of the above

Question number: 3

» Geography » Resources and Development

MCQ▾

Question

The main criterion used by the World Bank in classifying different countries as developed and under-developed is

Choices

Choice (4) Response
a.

their health status

b.

their income

c.

their literacy level

d. None of the above

Question number: 4

» Geography » Resources and Development

MCQ▾

Question

The main source of the banks are

Choices

Choice (4) Response
a.

interest earned by them on loans extended to people

b.

interest paid by them on deposits

c.

interest received by them from the government

d. None of the above

Question number: 5

» Geography » Resources and Development

MCQ▾

Question

By depositing the money of those people, who have surplus funds and lends to those people who are in need of funds, banks acts as

Choices

Choice (4) Response
a.

co-ordinator helper

b.

co-ordinator

c.

intermediater

d. Question does not provide sufficient data or is vague

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