Economic Concepts Related to Banking Mock Test 03

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1. Which of the following is NOT an example of capital in economics?

a) Machinery b) Buildings c) Land d) Tools

2. Which type of unemployment occurs due to economic downturns?

a) Frictional unemployment b) Structural unemployment c) Cyclical unemployment d) Seasonal unemployment

3. Which policy is used by central banks to control money supply?

a) Trade policy b) Monetary policy c) Industrial policy d) Fiscal policy

4. Which factor is a major driver of economic growth?

a) Inflation b) Technological advancements c) High unemployment d) Increase in government debt

5. Which organization calculates India’s GDP?

a) RBI b) Ministry of Finance c) National Statistical Office (NSO) d) SEBI

6. What is the full form of GDP?

a) Gross Domestic Price b) General Development Policy c) Gross Domestic Product d) Government Development Plan

7. Which type of tax increases as income increases?

a) Regressive tax b) Proportional tax c) Progressive tax d) Flat tax

8. What is the role of the Reserve Bank of India (RBI)?

a) Collecting income tax b) Managing the stock market c) Regulating money supply and banking system d) Controlling foreign trade policies

9. Which economic system relies heavily on private ownership?

a) Command economy b) Socialist economy c) Market economy d) Mixed economy

10. Which is an example of microeconomic analysis?

a) India’s GDP growth rate b) Inflation trends in the economy c) Demand and supply in the mobile phone industry d) National employment rate

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