Questions

Q:

Which of the following best describes monetary policy?

A) Managing the economy by controlling the money supply B) Determining the design printed on the national currency
C) Regulating transactions in the currency exchange market D) Raising and lowering the foreign exchange rate
 
Answer & Explanation Answer: A) Managing the economy by controlling the money supply

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Q:

Which of the following is called GDP Deflator?

A) Ratio of nominal to real GDP B) Ratio of nominal to real GNP
C) Ratio of nominal to real CPI D) Ratio of real to nominal GNP
 
Answer & Explanation Answer: A) Ratio of nominal to real GDP

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Q:

Calculate a country's GDP if for the year, consumer spending is $400 million, government spending is $150 million, investment by businesses is $80 million, exports are $35 million and imports are $40 million.

A) $625 million B) $465 million
C) $475 million D) $635 million
 
Answer & Explanation Answer: A) $625 million

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Q:

Rate of the growth of an economy is measured in terms of

A) National income B) Monthly family income
C) Number of people who have been lifted above the poverty line D) Industrial Development
 
Answer & Explanation Answer: A) National income

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Q:

Contraction of heart is also known as

A) Systole B) Aristotle
C) Diastole D) Lub
 
Answer & Explanation Answer: A) Systole

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Q:

Researchers at the University of Illinois have discovered new form of matter called Excitonium which was coined by ______ in the 1960’

A) Bertrand Halperin B) Eugene Wigner
C) Paul Dirac D) Felix Bloch
 
Answer & Explanation Answer: A) Bertrand Halperin

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Q:

What is C12H22O11 also known as

A) Sand B) Sugar
C) Salt D) Clay
 
Answer & Explanation Answer: B) Sugar

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Q:

Who built the Group of Monuments at Mahabalipuram?

A) Chola Kings B) Pallava Kings
C) Chera Kings D) Chalukya Kings
 
Answer & Explanation Answer: B) Pallava Kings

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