Question : The economic challenge to US dominance in the 21st century is characterized by:  

 

Option 1: The decline of the dollar as the global reserve currency  

 

Option 2:  The rise of emerging markets  

 

Option 3: The increase in trade protectionism  

 

Option 4: The growth of the digital economy  

 

Question : Under a flexible exchange rate, when the price of domestic currency in terms of foreign currency increases, it is called_______

Option 1: Depreciation of domestic currency

Option 2:  Appreciation of domestic currency

Option 3: Devaluation of domestic currency

Option 4: Revaluation of domestic currency

Question : Which year marked the third general election in India?  

Option 1: 1952  

Option 2: 1957  

Option 3: 1962  

Option 4:  1967  

Question : If the value of Investment Multiplier is 5 and the increased income is 800 crore in an economy, the find the value of change in the investment in the economy.

Option 1: 4000 crore

Option 2: 120 crore

Option 3:  400 crore

Option 4: 160 crore

Question : _________ is a market where economic agents can freely exchange their endowments with each other.

Option 1: Market economy

Option 2: Centrally planned economy

Option 3: Aggregate demand based economy

Option 4: Aggregate supply based economy

Question : Which of the following is not a function of Central Bank?

Option 1:  It controls the money supply in the economy through different rates.

Option 2:  It acts as a banker to the government.

Option 3:  It accepts deposits and give loans to people.

Option 4:  It issues the currency of the country.