Economics MISCELLANEOUS Test 17 Welcome to your Economics MISCELLANEOUS Test 17 Name Email 1.Which economist took the subject of economics away from approaches that focus exclusively on income, growth, and utility, with an increased emphasis on individual entitlements, capabilities, freedoms, and rights? (a) Robert Lucas (b) Amartya Sen (c) Milton Friedman (d) Adam smith None 2.. Consumer Protection Act was enacted in ______. (a) 1990 (b) 1986 (c) 1992 (d) 1985 None 3. According to the 2011 Census of India, the decadal growth rate of India was around: (a) 19.3% (b) 15.6% (c) 17.7% (d) 20.5% None 4.Which classical economist popularised the following phrase: "From each according to his ability, to each according to his needs”? (a) David Ricardo (b) John Stuart Mill (c) Adam Smith (d) Karl Marx None 5.Who among the following is credited with giving a theory of population growth in his work titled 'Essay on Population' (1798)? (a) Thomas Robert Malthus (b) Karl Marx (c) Adam Smith (d) Friedrich Engels None 6.Who among the following has served as the Deputy Chairman of the Planning Commission of India? (a) Pranab Mukherjee (b) Ramaswamy Venkataraman (c) Pratibha Patil (d) Giani Zail Singh None 7. Which of the following does NOT figure among the main objectives of the Self Help Groups in India? (a) To provide loans with collateral (b) To provide a platform to discuss and act on domestic violence (c) To collect savings of their members (d) To organise the rural poor into the formation of groups None 8.An asset that has remained in the substandard category for a period of 12 months is classified as a _____ asset by a bank. (a) liquid (b) non-performing (c) doubtful (d) loss None 9. Of the following abbreviations, which one is primarily an umbrella organization for operating retail payments and settlement systems in India? (a) NPCI (b) NABARD (c) SIDBI (d) IRDAI None 10. ______ is a type of fraud where a small electronic device is used to steal debit/credit card information during an authorized banking transaction. (a) Phishing (b) Skimming (c) Smishing (d) Vishing None 11. In which year did the companies IBM and Coca Cola shut down their operations for not being able to comply with the Foreign Exchange Regulation Act that mandated foreign investors cannot own over 40% in Indian enterprises? (a) 1964 (b) 1981 (c) 1956 (d) 1977 None 12. In which year did the Government of India set up the first mutual fund by an Act of Parliament? (a) 1979 (b) 1982 (c) 1963 (d) 1971 None 13.As per a report of the Ministry of Statistics and Programme Implementation (Government of India), India recorded an Infant Mortality Rate (IMR) of ______ to 1000 live births in the year 2016. (a) 68 (b) 55 (c) 34 (d) 47 None 14.'Thalinomics' was introduced in the Economic Survey for ______. (a) 2017-18 (b) 2019-20 (c) 2016-17 (d) 2018-19 None 15. As per the Companies Act, 2013, dividend declared by a company but not paid or claimed within ______ days from the date of declaration is to be transferred to the Unpaid Dividend Account. (a) 120 (b) 60 (c) 30 (d) 90 None 16.Which of the following institutions conducts the survey on employment and unemployment? (a) NITI Aayog (b) National Institution of Economic and Social Research (c) National Council of Applied Economic Research (d) National Sample Survey Organisation None 17.Which committee was appointed by SEBI to advise on the development of appropriate regulatory framework for derivatives trading in India in the year 1996 ? (a) Balwant Rai Committee (b) L.C. Gupta Committee (c) Dinesh Mehta Committee (d) Ravi Tripathi Committee None 18.Which of the following is the correct full form of CACP? (a) Commission for Agricultural Costs and Prices (b) Centre for Agricultural Commission and Prices (c) Chamber of Agro Chemicals and Pesticides (d) Center for Agricultural costs and Policies None 19.Which economic thought talks about methodological individualism or the idea that people will act in meaningful ways which can be analyzed ? (a) Washington consensus (b) Keynesian theory (c) Monetarist (d) Austrian economic thought None 20. Which of the following states of India has the maximum number of inhabited villages as per Census 2011? (a) Odisha (b) Bihar (c) Madhya Pradesh (d) West Bengal None Time's up