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Indian Economy Test 19
Read Instructions for the test.
Negative marks are -0.33 per wrong answer
Right answer is 1 mark
No time limit but finish in 30 mins
Solution can be found at below chapters:
Test series is based on following chapters.
Indian Economy Chapter 10: LABOUR AND EMPLOYMENT ECONOMY
Q1:sum of Consumption , investment , government procurement and net trade balance i.e. exports minus imports is
Aggregate demand in an economy
Aggregate consumption in an economy
both
none
Q2: the total output by all firms in the country.
Aggregate consumption in an economy
Aggregate demand in an economy
inflationary gap
GDP
Q3: When aggregate demand and supply are equally matched we get
high employment
low employment
unstable economy
stable economy
Q4:When Aggregate demand exceeds aggregate supply in an economy the _____ is created as demand for goods exceeds supply
stable economy
unstable economy
inflationary gap
all
Q5: Reasons for inflation
increased money supply
Increased propensity to consume i.e. amount from income spent by households
increase in investment expenditure and exports
all
Q6: When the Aggregate demand is less than aggregate supply we get ____ in economy
deflationary trend
Structural defect
unstable economy
low employment
Q7:The reasons for deflationary gap are
decreased money supply
reduced government expenditure
increased propensity to save i.e. part of income saved by households, increase imports.
all
Q8:____ is a chain of events that worsen inflation
inflation gap
recession
depression
inflationary spiral
Q9: ____ are chain of events that worsen deflation.
disinflation
depression
recession
deflationary spiral
Q10: Which is true ?
Inflation favor debtor than creditor.
Inflation is inverse relation to unemployment.
both
none
Q11: Economic situation where both inflation and unemployment rises.
disinflation
stagflation
inflationary spiral
none
Q12: Inflation is inverse relation to unemployment. is stated by ______
rangarajan equation
mahanobolis curve
philips curve
none
Q13: Global Risks Report by
WTO
UNESCO
IMF
WEF
Q14: Labor bureau in Chandigarh / Shimla
compiles the CPI for industrial workers, rural workers and agriculture workers at All India levels
Base year for industrial workers CPI is 2001, rural and agriculture workers CPI is 1986-87.
both
none
Q15: Relation between pollution and GDP growth is given by
Mahanobolis distance
Phillip curve
Kuznet curve
all
Q16: Which is true ?
In the later stage pollution declines due to structural changes in society from manufacturing to services.
In the beginning as economy developes and pollution increases due to industrialization and urbanization
both
none
Q17: PARIS SUMMIT 2015
$100 billion by 2020 for adaptation and mitigation to be provided by developed countries obligatorily and others voluntarily.
Ban on ozone depleting substance
both
none
Q18: Intended Nationally Determined Contributions were decided to be formed after the
PARIS SUMMIT 2015
Warsaw summit, 2013
Kyoto summit
none
Q19: Criticisms of paris summit include
INDC may include targets and implementation time frame but no punitive action if rules not followed.
INDC committed so far dont meet the target of reduce GHG's by 55 gigatons
INDC havent mobilized financial resources to meet the targets.
all
Q20: Green Climate Fund (GCF)
largest fund with pledges amounting to US$10.2 billion.
World Bank administers the fund and its focus is on mitigation.
The GCF was established as an operating entity of the financial mechanism of the UNFCCC in 2011
all
Q21: Global Environment Facility (GEF
established as a pilot programme for environmental protection
the GEF was adopted as a financial mechanism for helping developing countries meet their financing needs.
World bank group is one of its administering agencies.
all
Q22: ______ receives money from the Clean Environment cess on coal. This cess has been increasing.
National Clean Energy Fund
National Adaptation Fund for Climate Change
Renewable Energy Certificate
all
Q23:______ is for adaptation measures at national and state levels
National Clean Energy Fund
National Adaptation Fund for Climate Change
Renewable Energy Certificate
all
Q24:Renewable Energy Certificate
All energy users like discoms, captive users and open access consumers have to generate certain portion of their energy from renewable sources or else purchase the certificates.
1 cert = 1 MW.
both
none
Q25:International Solar Alliance
Target The countries with land in tropics i.e. 121 and receiving 300 or more days of sunlight.
Seeks to mobilize $1000 billion investment by 2030.
India to host secretariat in Gurugram i.e. Gurgaum and has pledged Rs.100 crore to it.
all
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