Economic Quiz Economic Quiz 1 December 7, 2011December 7, 2011 hari babu seo trainer 0 Comment Economic Quiz 1 1. Which of the following items would not appear in a company's balance sheet?Cash held at the bankValue of stocks of raw materials heldRevenue from sales of the company's productsTotal issued capital2. Which of the following is the most appropriate cause of exports surplus?None of the aboveCountry's exports promotion valueDevelopments in national and international marketsCountry's stringent import policy3. Gross domestic capital formation is defined asnet addition to stock after depreciationflow of expenditure devoted to increased or maintaining of the capital stockproduction exceeding demandexpenditure incurred on physical assets only4. On which one of the followings is the benefits received principle of taxation to achieve optimality bases?Ability to pay for the benefitMarginal benefit receivedAverage benefit receivedTotal benefit received5. India changed over to the decimal system of coinage inApril 1959April 1995April 1958April 19576. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be toNone of the aboveincrease itno impactdecrease it7. On July 12, 1982, the ARDC was merged intoNone of the aboveRBIEXIM BankNABARD8. One of the reasons for India's occupational structure remaining more or less the same over the years has been thatpeople are largely unaware of the significance of transition from agriculture to industry for economic developmentinvestment pattern has been directed towards capital intensive industriesceiling on land holdings have enabled more people to own land and hence their preference to stay with agricultureproductivity in agriculture has been high enough to induce people to stay with agriculture9. The association of the rupee with pound sterling as the intervention currency was broken in199319901992199110. If all the banks in an economy are nationalized and converted into a monopoly bank, the total depositsNone of the abovewill decreasewill neither increase nor decreasewill increase
