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Economy MCQ practice free online · page 17

Questions from RRB, NTPC, Group D and JE past papers. Tap an option to check it instantly — every question shows the correct answer, and most carry the explanation the paper gave.

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  1. 161UPPSC2003EconomyEnglish

    Which of the following price index number are used for calculation of Central Government employee wage compensation?

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    Correct option: B — Consumer price index for industrial workers

  2. 162Kerala PSC2010EconomyEnglish

    With reference to India, consider the following statements. 1. The Wholesale Price Index (WPI) in India is available on a monthly basis only. 2. As compared on Consumers Price Index for Industrial Workers [CPI(IW)] the WPI gives less weight to food articles. Which of the following statement(s) given above is/are correct?

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    Correct option: C — Both 1 and 2

  3. 163UPPSC2010EconomyEnglish

    Consider the following statements and state which is/are correct? 1. The sub-prime crisis which hit the U.S. economy was caused by sudden increase in oil prices. 2. The crisis led to default in home loan repayment. 3. It led to failure of some U.S. Banks. 4. Sub-prime crisis caused crash in Indian stock market. Choose your answer from the given codes.

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    Correct option: C — Only 2, 3 and 4

  4. 164UPPSC2012EconomyEnglish

    The most common measure of estimating inflation in India is

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    Correct option: C — Consumer Price Index

  5. 165UPSC2010EconomyEnglish

    Which one of the following statements is an appropriate description of deflation?

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    Correct option: C — It is a persistent fall in the general price level of goods and services

  6. 166UPPSC1998EconomyEnglish

    Assertion (A): The rate of inflation in India has come down in the last three years. Reason (R): The country has received a large amount of foreign capital during these years. Select the correct answer from the codes given below.

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    Correct option: B — Both (A) and (R) are true, but (R) is not the correct explanation of (A)

  7. 167HPSC2014EconomyEnglish

    An expression coined by economists to describe an economy that is growing at such a slow pace that more jobs are being lost than are being added

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    Correct option: C — Growth Recession

  8. 168UPSC2011EconomyEnglish

    A rapid increase in the rate of inflation is sometimes attributed to the ‘base effect’. What ‘base effect’?

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    Correct option: C — It is the impact of the price levels of previous year on the calculation of inflation rate

  9. 169UPSC2012EconomyEnglish

    In India, in the overall Index of Industrial Production, the indices of eight core industries have a combined weight of 37-90%. Which of the following are among those eight core industries? 1. Cement 2. Fertilisers 3. Natural gas 4. Refinery products 5. Textiles Select the correct answer using the codes given below.

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    Correct option: C — Only 1, 2, 3 and 4

  10. 170UPSC2015EconomyEnglish

    Index ‘Residex’ is associated with

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    Correct option: D — Land Prices

Economy practice — common questions

Page 17 of this set has 10 questions on it.

Are these Economy questions free to practise?
Yes. Every question on this page is free and needs no account. Create a free account only if you want your progress saved.
Where do these Economy MCQs come from?
They are taken from official past papers of Indian government recruitment exams such as RRB NTPC, RRB Group D and RRB JE, and each question keeps a reference to the exam it appeared in.
Are the questions available in Hindi?
Yes. Many papers are set in both languages, so a large share of these questions are available in Hindi. Use the language filter at the top of the page.
Do the questions show answers and explanations?
Every question shows the correct option. Where the source paper included a worked solution, the explanation is shown under "Show answer".