- Quiz will start as soon as you click the ‘Start Quiz‘ button below.
- Question will come one by one click on next for next question
- There are 30 questions in this quiz, you will get 30 Minutes to attempt.
- 2 Marks is determined for the correct answer for each question. There is no negative marking for incorrect answer.
- After the quiz is over, in order to know your rank in the Ranking List / Leader-board below, you should enter your name and email address, otherwise you will be deprived of it.
- After completing click on finish Quiz
- To see correct answers click on view Question
- जैसे ही आप नीचे दिए गए ‘स्टार्ट क्विज़’ बटन पर क्लिक करेंगे, क्विज़ शुरू हो जाएगा।
प्रश्न अगले प्रश्न के लिए अगले एक क्लिक पर आएगा
इस क्विज में 30 प्रश्न हैं, आपको प्रयास करने के लिए 30 मिनट मिलेंगे।
प्रत्येक प्रश्न के सही उत्तर के लिए 2 अंक निर्धारित किए गए हैं। गलत उत्तर के लिए कोई नकारात्मक अंकन नहीं है।
प्रश्नोत्तरी समाप्त होने के बाद, नीचे दी गई रैंकिंग सूची / लीडर-बोर्ड में अपनी रैंक जानने के लिए, आपको अपना नाम और ईमेल पता दर्ज करना चाहिए, अन्यथा आप इससे वंचित रह जाएंगे।
फिनिश क्विज़ पर क्लिक करने के बाद
सही उत्तर देखने के लिए प्रश्न पर क्लिक करें
Paper 2 Economics Part 3
Quiz-summary
0 of 30 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
Information
Paper 1 Quiz helps u to Excel in NET JRF
Paper 1 All questions 2 Marks each
- Navdeep Kaur
- All the Best
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 30 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
| Average score |
|
| Your score |
|
Categories
- Not categorized 0%
-
Average marks Improve next time All the Best
-
Nice Keep it up, Stay Blessed
-
Awesome Great Marks, Keep doing
| Pos. | Name | Entered on | Points | Result |
|---|---|---|---|---|
| Table is loading | ||||
| No data available | ||||
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- Answered
- Review
-
Question 1 of 30
1. Question
2 points“Real GDP measures the goods and services on the current prevailing price.
Nominal GDP measures the production of goods and services valued at base year price.
“”वास्तविक जीडीपी मौजूदा प्रचलित मूल्य पर वस्तुओं और सेवाओं को मापता है।
नाममात्र सकल घरेलू उत्पाद आधार वर्ष मूल्य पर मूल्यवान वस्तुओं और सेवाओं के उत्पादन को मापता है।”Correct
Real GDP measures goods and services produced in a year on the base year price while nominal GDP Considers goods and services produced at current prices.
Incorrect
Real GDP measures goods and services produced in a year on the base year price while nominal GDP Considers goods and services produced at current prices.
-
Question 2 of 30
2. Question
2 points“Assertion: Real GDP is considered as a best measure to show the actual increase in goods and services.
Reason: as it considers goods and services on base year price thus shows the actual increase in production in current year.
“”जोर: वास्तविक जीडीपी को वस्तुओं और सेवाओं में वास्तविक वृद्धि दिखाने के लिए सबसे अच्छा उपाय माना जाता है।
कारण: जैसा कि यह आधार वर्ष मूल्य पर वस्तुओं और सेवाओं पर विचार करता है, इस प्रकार वर्तमान वर्ष में उत्पादन में वास्तविक वृद्धि दर्शाता है।”Correct
Real GDP is the best measure to determine the well being of a society as it is based on base year price thus the actual increase in production of goods and services could be evaluated
Incorrect
Real GDP is the best measure to determine the well being of a society as it is based on base year price thus the actual increase in production of goods and services could be evaluated
-
Question 3 of 30
3. Question
2 points“Assertion: National income can be calculated by both income as well as expenditure method.
Reason: because every transaction has buyer and seller, thus total expenditure must be equal to total income in the economy.
“”अभिकथन: राष्ट्रीय आय की गणना आय के साथ-साथ व्यय विधि दोनों से की जा सकती है।
कारण: क्योंकि प्रत्येक लेनदेन में खरीदार और विक्रेता होते हैं, इस प्रकार कुल व्यय अर्थव्यवस्था में कुल आय के बराबर होना चाहिए।”Correct
In an economy three phases Production, income and expenditure all are interconnected and interlinked as production incurs income for factor if production provided and with that income factor of production providers spends that income to buy goods and services and ultimately money goods again to firm nd with that they produce further goods and services. Thus we can calculate national income by all three methods or either phase.
Production method
Income Method
Expenditure methodIncorrect
In an economy three phases Production, income and expenditure all are interconnected and interlinked as production incurs income for factor if production provided and with that income factor of production providers spends that income to buy goods and services and ultimately money goods again to firm nd with that they produce further goods and services. Thus we can calculate national income by all three methods or either phase.
Production method
Income Method
Expenditure method -
Question 4 of 30
4. Question
2 points“Assertion: Nominal GDP is also known as GDP at constant price .
Reason : As it is calculated on the constant or same price prevailing previously.”
“जोर: नॉमिनल जीडीपी को स्थिर मूल्य पर जीडीपी के रूप में भी जाना जाता है।
कारण: जैसा कि पहले से प्रचलित स्थिर या समान मूल्य पर गणना की जाती है। “Correct
Nominal GDP is known as GDP at current prices while Real GDP is known as GDP at constant prices
Incorrect
Nominal GDP is known as GDP at current prices while Real GDP is known as GDP at constant prices
-
Question 5 of 30
5. Question
2 points“Suppose Real GDP for year 2017 is Rupees 350 while Nominal GDP for the year is rupees 600. Calcuate GDP deflator
मान लीजिए कि वर्ष 2017 के लिए वास्तविक जीडीपी रूपये 350 है जबकि वर्ष के लिए नाममात्र जीडीपी रुपये 600 है।”Correct
GDP Deflator can be calculated by dividing Nominal GDP with Real GDP multiplied by 100
so here , GDP deflator = 600/350 × 100 = 171 rupeesIncorrect
GDP Deflator can be calculated by dividing Nominal GDP with Real GDP multiplied by 100
so here , GDP deflator = 600/350 × 100 = 171 rupees -
Question 6 of 30
6. Question
2 pointsGDP does not include the value of used goods that are resold. Why जीडीपी में इस्तेमाल किए गए सामानों का मूल्य शामिल नहीं है जो फिर से बिक रहे हैं। क्यों
Correct
Considering second hand goods will provide a less informative or we can say incorrect information of economic well being as the value of that good have been included in the year of production . thus it should not be included again but if any commission received on selling such good will be considered while calculating national income.
Incorrect
Considering second hand goods will provide a less informative or we can say incorrect information of economic well being as the value of that good have been included in the year of production . thus it should not be included again but if any commission received on selling such good will be considered while calculating national income.
-
Question 7 of 30
7. Question
2 points“If Nominal GDP for the year ended 2005 exceeds the nominal GDP of year 2004 then the production of the output
यदि वर्ष 2005 के लिए नाममात्र जीडीपी वर्ष 2004 के नाममात्र जीडीपी से अधिक है तो उत्पादन का उत्पादन”Correct
it could be anything as the information is not about current year price and previous year price
Incorrect
it could be anything as the information is not about current year price and previous year price
-
Question 8 of 30
8. Question
2 points“Which of the following is the example of Trasnfer payments?
निम्नलिखित में से कौन Trasnfer भुगतान का उदाहरण है?”Correct
transfer payments are those payments which are unilateral or one sided which means that there is no benefit given in return
Incorrect
transfer payments are those payments which are unilateral or one sided which means that there is no benefit given in return
-
Question 9 of 30
9. Question
2 points“Which of the following statements regarding money is correct ?
1.Money is the set of assets in the economy that people regularly use to buy goods and services from other people.
2. Owning Facebook by Mark Zuckerberg is considered as his money .
3. paper money and metal money has no intrinsic value.
4. it acts a medium of exchange
“पैसे के संबंध में निम्नलिखित में से कौन सा कथन सही है?
1.मनी अर्थव्यवस्था में परिसंपत्तियों का एक सेट है जो लोग नियमित रूप से अन्य लोगों से सामान और सेवाएं खरीदने के लिए उपयोग करते हैं।
2. मार्क जुकरबर्ग द्वारा फेसबुक को अपना पैसा माना जाता है।
3. पेपर मनी और मेटल मनी का कोई आंतरिक मूल्य नहीं है।
4. यह विनिमय का एक माध्यम है”Correct
owning Facebook can make u wealthy but it cannot be considered as money . as according to definition of money money is an asset that is used on regular basis for buying or exchanging goods and services
Incorrect
owning Facebook can make u wealthy but it cannot be considered as money . as according to definition of money money is an asset that is used on regular basis for buying or exchanging goods and services
-
Question 10 of 30
10. Question
2 points“1. Fial money : is one that takes the form of a commodity with intrinsic value.
2. Commodity money is the money without intrinsic value and that is being used because of government decree.
3. Money stock is the quantity of money circulating in the economy.
1. “”फिजिकल मनी: वह है जो आंतरिक मूल्य के साथ कमोडिटी का रूप लेता है।
2. कमोडिटी मनी बिना आंतरिक मूल्य के पैसा है और इसका उपयोग सरकारी फरमान के कारण किया जा रहा है।
3. मुद्रा स्टॉक अर्थव्यवस्था में परिचालित धन की मात्रा है।”Correct
Fiat money is one without intrinsic value while commodity money with intrinsic value such as gold, silver etc.
Incorrect
Fiat money is one without intrinsic value while commodity money with intrinsic value such as gold, silver etc.
-
Question 11 of 30
11. Question
2 points. “An Enquiry into the Nature and Cause of the Wealth of Nations” book is written by? “राष्ट्र की धन की प्रकृति और कारण में एक जांच” पुस्तक किसके द्वारा लिखी गई है?
Correct
It was written by Adam Smith also referred as Wealth of Nations in 1776
Incorrect
It was written by Adam Smith also referred as Wealth of Nations in 1776
-
Question 12 of 30
12. Question
2 points“”” General theory of employment, interest and money “” is published in the name of
“”रोजगार, ब्याज और धन का सामान्य सिद्धांत”” के नाम से प्रकाशित होता है”Correct
This book is published by J M Keynes who is regarded as the father of modern macro economics. He brought a revolution in economic thought called Keynesian revolution
Incorrect
This book is published by J M Keynes who is regarded as the father of modern macro economics. He brought a revolution in economic thought called Keynesian revolution
-
Question 13 of 30
13. Question
2 points“which of the following statements about national income is incorrect?
1. National income is the sum of money value of net flow of all final goods and services produced by normal residents of a country during a given period of time.
2. National income is the sum of factor incomes earned by normal residents of a country in the form of rent , wages , interest and profit in an accounting year .
3. National income is the total expenditure incurred by the various sectors of the economy and also includes country’s capital goods .
“राष्ट्रीय आय के बारे में निम्नलिखित में से कौन सा कथन गलत है?
1. राष्ट्रीय आय एक निश्चित अवधि के दौरान किसी देश के सामान्य निवासियों द्वारा उत्पादित सभी अंतिम वस्तुओं और सेवाओं के शुद्ध प्रवाह के धन मूल्य का योग है।
2. राष्ट्रीय आय एक देश के सामान्य निवासियों द्वारा एक लेखांकन वर्ष में किराया, मजदूरी, ब्याज और लाभ के रूप में अर्जित कारक आय का योग है।
3. राष्ट्रीय आय अर्थव्यवस्था के विभिन्न क्षेत्रों द्वारा किए गए कुल व्यय है और इसमें देश का पूंजीगत सामान भी शामिल है।”Correct
National income could be calculated by either summing up the value added in each stage of production or either by accumulating the total income earned within or outside the country by normal residents of a country and also by summing up expenditure incurred.
Incorrect
National income could be calculated by either summing up the value added in each stage of production or either by accumulating the total income earned within or outside the country by normal residents of a country and also by summing up expenditure incurred.
-
Question 14 of 30
14. Question
2 points“Which of the following items will be included in domestic income?
1. factor income from abroad
2. old age pension given by government
3.Profits earned by a company in India which is owned by a non residents
4. salaries to Indian residents working in Russian Embassy in India.
“घरेलू आय में निम्नलिखित में से कौन सी वस्तु शामिल होगी?
1. विदेश से आय का कारक
2. सरकार द्वारा दी जाने वाली वृद्धावस्था पेंशन
3. भारत में एक कंपनी द्वारा अर्जित लाभ जो एक गैर निवासियों के स्वामित्व में है
4. भारत में रूसी दूतावास में काम करने वाले भारतीय निवासियों को वेतन।”Correct
Domestic income refers to the total income earned within the domestic territory of a country irrespective of the fact earned by residents or non residents of a country.
factor income from abroad is not earned within the domestic territory thus not included in domestic income.
old age pension is also not included as it is a transfer income and is received without rendering any service in return.
salaries earned by resident but it is in Russian Embassy which is not treated as within domestic territory thus excluded from the calculations of national income.Incorrect
Domestic income refers to the total income earned within the domestic territory of a country irrespective of the fact earned by residents or non residents of a country.
factor income from abroad is not earned within the domestic territory thus not included in domestic income.
old age pension is also not included as it is a transfer income and is received without rendering any service in return.
salaries earned by resident but it is in Russian Embassy which is not treated as within domestic territory thus excluded from the calculations of national income. -
Question 15 of 30
15. Question
2 points“GNP which would help to attain a sustainable use of natural environment and equitable distribution of benefits of development. This is termed as
जीएनपी जो प्राकृतिक पर्यावरण के सतत उपयोग और विकास के लाभ के समान वितरण को प्राप्त करने में मदद करेगा। इसे ही कहा जाता है”Correct
It is termed as Green GNP and this concept is used to denote sustainable development ie without environmental degradation and depletion of resources and at the same time promote economic welfare for a long period of time
Incorrect
It is termed as Green GNP and this concept is used to denote sustainable development ie without environmental degradation and depletion of resources and at the same time promote economic welfare for a long period of time
-
Question 16 of 30
16. Question
2 points“1.Private income is the sum of earned income and transfer income received by persons from all sources within or outside the country.
2. Personal income is the total of factor incomes and transfer incomes received from all sources by private sector within and outside the country.
1. निजी आय देश के भीतर या बाहर सभी स्रोतों से प्राप्त आय और हस्तांतरण आय का योग है।
2. निजी आय देश के भीतर और बाहर निजी क्षेत्र द्वारा सभी स्रोतों से प्राप्त कारक आय और हस्तांतरण आय का कुल योग है।”Correct
private income is the sum total of factor incomes and total income earned by private sectors that includes both individual ie households and also business units. while private income only includes income of households and excludes income earned by private firms . Thus private income is a broader concept as it includes income of both firm as well as individuals
Incorrect
private income is the sum total of factor incomes and total income earned by private sectors that includes both individual ie households and also business units. while private income only includes income of households and excludes income earned by private firms . Thus private income is a broader concept as it includes income of both firm as well as individuals
-
Question 17 of 30
17. Question
2 points“Assertion: Bank money such as cheques, deposits etc. introduced to solve the problem arising out of paper money.
Explanation : paper money are not serving its purpose of exchange.
“”अभिकथन: बैंक के पैसे जैसे चेक, जमा आदि को कागज के पैसे से उत्पन्न समस्या को हल करने के लिए पेश किया गया है।
स्पष्टीकरण: कागज पैसे विनिमय के अपने उद्देश्य की सेवा नहीं कर रहे हैं।”Correct
Bank notes were introduced but not because that paper money is not serving its purpose It was introduced because of the increase in the volume of paer currency thus become impossible to carry or to store as it requires large space to store.
Incorrect
Bank notes were introduced but not because that paper money is not serving its purpose It was introduced because of the increase in the volume of paer currency thus become impossible to carry or to store as it requires large space to store.
-
Question 18 of 30
18. Question
2 points“Following are the problems of barter system. Choose which one is incorrect-
1. Lack of double coincidence of wants.
2. absence of common measure of value.
3 . Lack of standard for deferred payments .
4. disutility of waiting
“”वस्तु विनिमय प्रणाली की समस्याएं निम्नलिखित हैं। चुनें कि कौन सी गलत है-
1.चाहतों के दोहरे संयोग का अभाव।
2. मूल्य के सामान्य माप की अनुपस्थिति।
३। आस्थगित भुगतान के लिए मानक का अभाव।
4. प्रतीक्षा की असुविधा”Correct
Incorrect
-
Question 19 of 30
19. Question
2 points“The famous saying “” Money is as money does “” is given by
प्रसिद्ध कहावत है “”पैसा उतना ही पैसा है जितना”” द्वारा दिया जाता है”Correct
Incorrect
-
Question 20 of 30
20. Question
2 points“Which of the following features are the primary functions of money
1. medium of exchange
2.store of value
3.measure of value
4. standard of deferred payments
“”निम्नलिखित में से कौन सी विशेषताएं पैसे का प्राथमिक कार्य हैं
1. विनिमय का माध्यम
2. मूल्य का भंडार मान का
3.मत
4. आस्थगित भुगतान का मानक”Correct
Medium of exchange and measure of value are the two primary functions of money rest are secondary functions of money
Incorrect
Medium of exchange and measure of value are the two primary functions of money rest are secondary functions of money
-
Question 21 of 30
21. Question
2 points“1.M1 and M2 are narrow money and are highly liquid.
2.M3 and M4 are broad money and are least liquid.
1. एम 1 और एम 2 संकीर्ण पैसे हैं और अत्यधिक तरल हैं।
2. एम 3 और एम 4 व्यापक धन हैं और कम से कम तरल हैं।”Correct
Incorrect
-
Question 22 of 30
22. Question
2 points“Gross Domestic product does not include the value of
सकल घरेलू उत्पाद में मूल्य शामिल नहीं है”Correct
it does not include transfer or one sided payment.
Incorrect
it does not include transfer or one sided payment.
-
Question 23 of 30
23. Question
2 points“Which of the following statements most accurately describes personal income? Personal income:
निम्नलिखित में से कौन सा कथन व्यक्तिगत आय का सबसे सटीक वर्णन करता है? व्यक्तिगत आय:”Correct
Personal income doesn’t include components of national income such as undistributed corporate tax, corporate income tax and indirect business taxes. the amount of after tax income that households have available to spend or save is disposable personal income.
Incorrect
Personal income doesn’t include components of national income such as undistributed corporate tax, corporate income tax and indirect business taxes. the amount of after tax income that households have available to spend or save is disposable personal income.
-
Question 24 of 30
24. Question
2 points“A central bank conducts monetary policy primarily by alerting the
एक केंद्रीय बैंक मौद्रिक नीति को मुख्य रूप से सतर्क करता है”Correct
The primary method by which a central bank conducts monetary policy is through changes in the target of short term rate of policy rate
Incorrect
The primary method by which a central bank conducts monetary policy is through changes in the target of short term rate of policy rate
-
Question 25 of 30
25. Question
1 points“The income from a financial investment in country P by a citizen of country Q is most likely included in
देश के एक नागरिक द्वारा देश पी में एक वित्तीय निवेश से आय सबसे अधिक संभावना में शामिल है”Correct
The income from a financial investment in country P of a citizen of country Q is included in country P’s GDP but not in its GNP..
It is included in country Q’s GNP but not its GDPIncorrect
The income from a financial investment in country P of a citizen of country Q is included in country P’s GDP but not in its GNP..
It is included in country Q’s GNP but not its GDP -
Question 26 of 30
26. Question
2 points“Real GDP is best described as the value of
वास्तविक जीडीपी को सबसे अच्छा मूल्य के रूप में वर्णित किया गया है”Correct
Incorrect
-
Question 27 of 30
27. Question
2 points“A business cycles has four phases
1. expansion
2. peak
3. recession
4 . trough
which one is not true?
“एक व्यापार चक्र के चार चरण होते हैं
1. विस्तार
2. चोटी
3. मंदी
४। गर्त
कौन सा सच नहीं है?”Correct
The business cycle has 4 phases –
expansion (real GDP is increasing), peak ( real GDP stops increasing and begins decreasing) , contraction or recession (real GDP is decreasing) and trough ( real GDP stops decreasing and begins increasing)Incorrect
The business cycle has 4 phases –
expansion (real GDP is increasing), peak ( real GDP stops increasing and begins decreasing) , contraction or recession (real GDP is decreasing) and trough ( real GDP stops decreasing and begins increasing) -
Question 28 of 30
28. Question
2 points“1.Economic development studies the economy only in quantitative terms.
2. Economic growth studies economy both in quantitative as well as qualitative terms
1. अर्थशास्त्रीय विकास केवल मात्रात्मक शब्दों में अर्थव्यवस्था का अध्ययन करता है।
2. आर्थिक विकास दोनों मात्रात्मक और साथ ही गुणात्मक शब्दों में अर्थव्यवस्था का अध्ययन करता है”Correct
Economic growth studies economy in only quantitative aspect of economy while economic development studies quantitative as well qualitative
Incorrect
Economic growth studies economy in only quantitative aspect of economy while economic development studies quantitative as well qualitative
-
Question 29 of 30
29. Question
2 points“Macroeconomics as a separate branch came to be studied after the contributions of which economist?
“”मैक्रोइकॉनॉमिक्स एक अलग शाखा के रूप में किस अर्थशास्त्री के योगदान के बाद अध्ययन किया गया?”Correct
John Maynard Keynes’s 1936 book, ‘The General Theory of Employment, Interest, and Money’ laid the foundations for Macroeconomics
Incorrect
John Maynard Keynes’s 1936 book, ‘The General Theory of Employment, Interest, and Money’ laid the foundations for Macroeconomics
-
Question 30 of 30
30. Question
2 points“Choose which of the following are not quantitative measures of monetary policy?
1. Bank rate
2. Open market operations
3. cash reserve ratio
4. moral suasin
“चुनें कि मौद्रिक नीति के मात्रात्मक उपाय निम्नलिखित में से कौन से नहीं हैं?
1. बैंक दर
2. बाजार संचालन खोलें
3. नकद आरक्षित अनुपात
4. नैतिक सूसिन”Correct
moral suasion is a qualitative measure for controlling money supply in India. Under such measure central bank persuades, requests, appeals and advises its member bank to expand or contract credit facilities.
Incorrect
moral suasion is a qualitative measure for controlling money supply in India. Under such measure central bank persuades, requests, appeals and advises its member bank to expand or contract credit facilities.
- Next Quiz Daily at navclasses.in 12 PM
- Paper 2 Sunday at navclasses.in
Study Paper 1 Topics for Free Click Here
Get subscription for Complete Preparation NTA NET JRF: https://unacademy.com/subscribe/TEWDQ
use my referral code for 10% additional discount: NAVCLASSES
Search Navdeep Kaur and start watching ongoing courses
NTA NET Paper 1
0 of 30 questions completed Questions:
Paper 1 Quiz helps u to Excel in NET JRF
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
0 of 30 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0) Average marks Improve next time All the Best Nice Keep it up, Stay Blessed Awesome Great Marks, Keep doing “Real GDP measures the goods and services on the current prevailing price. Real GDP measures goods and services produced in a year on the base year price while nominal GDP Considers goods and services produced at current prices. Real GDP measures goods and services produced in a year on the base year price while nominal GDP Considers goods and services produced at current prices. “Assertion: Real GDP is considered as a best measure to show the actual increase in goods and services. Real GDP is the best measure to determine the well being of a society as it is based on base year price thus the actual increase in production of goods and services could be evaluated Real GDP is the best measure to determine the well being of a society as it is based on base year price thus the actual increase in production of goods and services could be evaluated “Assertion: National income can be calculated by both income as well as expenditure method. In an economy three phases Production, income and expenditure all are interconnected and interlinked as production incurs income for factor if production provided and with that income factor of production providers spends that income to buy goods and services and ultimately money goods again to firm nd with that they produce further goods and services. Thus we can calculate national income by all three methods or either phase. In an economy three phases Production, income and expenditure all are interconnected and interlinked as production incurs income for factor if production provided and with that income factor of production providers spends that income to buy goods and services and ultimately money goods again to firm nd with that they produce further goods and services. Thus we can calculate national income by all three methods or either phase. “Assertion: Nominal GDP is also known as GDP at constant price . Nominal GDP is known as GDP at current prices while Real GDP is known as GDP at constant prices Nominal GDP is known as GDP at current prices while Real GDP is known as GDP at constant prices “Suppose Real GDP for year 2017 is Rupees 350 while Nominal GDP for the year is rupees 600. Calcuate GDP deflator GDP Deflator can be calculated by dividing Nominal GDP with Real GDP multiplied by 100 GDP Deflator can be calculated by dividing Nominal GDP with Real GDP multiplied by 100 GDP does not include the value of used goods that are resold. Why जीडीपी में इस्तेमाल किए गए सामानों का मूल्य शामिल नहीं है जो फिर से बिक रहे हैं। क्यों Considering second hand goods will provide a less informative or we can say incorrect information of economic well being as the value of that good have been included in the year of production . thus it should not be included again but if any commission received on selling such good will be considered while calculating national income. Considering second hand goods will provide a less informative or we can say incorrect information of economic well being as the value of that good have been included in the year of production . thus it should not be included again but if any commission received on selling such good will be considered while calculating national income. “If Nominal GDP for the year ended 2005 exceeds the nominal GDP of year 2004 then the production of the output it could be anything as the information is not about current year price and previous year price it could be anything as the information is not about current year price and previous year price “Which of the following is the example of Trasnfer payments? transfer payments are those payments which are unilateral or one sided which means that there is no benefit given in return transfer payments are those payments which are unilateral or one sided which means that there is no benefit given in return “Which of the following statements regarding money is correct ? owning Facebook can make u wealthy but it cannot be considered as money . as according to definition of money money is an asset that is used on regular basis for buying or exchanging goods and services owning Facebook can make u wealthy but it cannot be considered as money . as according to definition of money money is an asset that is used on regular basis for buying or exchanging goods and services “1. Fial money : is one that takes the form of a commodity with intrinsic value. Fiat money is one without intrinsic value while commodity money with intrinsic value such as gold, silver etc. Fiat money is one without intrinsic value while commodity money with intrinsic value such as gold, silver etc. . “An Enquiry into the Nature and Cause of the Wealth of Nations” book is written by? “राष्ट्र की धन की प्रकृति और कारण में एक जांच” पुस्तक किसके द्वारा लिखी गई है? It was written by Adam Smith also referred as Wealth of Nations in 1776 It was written by Adam Smith also referred as Wealth of Nations in 1776 “”” General theory of employment, interest and money “” is published in the name of This book is published by J M Keynes who is regarded as the father of modern macro economics. He brought a revolution in economic thought called Keynesian revolution This book is published by J M Keynes who is regarded as the father of modern macro economics. He brought a revolution in economic thought called Keynesian revolution “which of the following statements about national income is incorrect? National income could be calculated by either summing up the value added in each stage of production or either by accumulating the total income earned within or outside the country by normal residents of a country and also by summing up expenditure incurred. National income could be calculated by either summing up the value added in each stage of production or either by accumulating the total income earned within or outside the country by normal residents of a country and also by summing up expenditure incurred. “Which of the following items will be included in domestic income? Domestic income refers to the total income earned within the domestic territory of a country irrespective of the fact earned by residents or non residents of a country. Domestic income refers to the total income earned within the domestic territory of a country irrespective of the fact earned by residents or non residents of a country. “GNP which would help to attain a sustainable use of natural environment and equitable distribution of benefits of development. This is termed as It is termed as Green GNP and this concept is used to denote sustainable development ie without environmental degradation and depletion of resources and at the same time promote economic welfare for a long period of time It is termed as Green GNP and this concept is used to denote sustainable development ie without environmental degradation and depletion of resources and at the same time promote economic welfare for a long period of time “1.Private income is the sum of earned income and transfer income received by persons from all sources within or outside the country. private income is the sum total of factor incomes and total income earned by private sectors that includes both individual ie households and also business units. while private income only includes income of households and excludes income earned by private firms . Thus private income is a broader concept as it includes income of both firm as well as individuals private income is the sum total of factor incomes and total income earned by private sectors that includes both individual ie households and also business units. while private income only includes income of households and excludes income earned by private firms . Thus private income is a broader concept as it includes income of both firm as well as individuals “Assertion: Bank money such as cheques, deposits etc. introduced to solve the problem arising out of paper money. Bank notes were introduced but not because that paper money is not serving its purpose It was introduced because of the increase in the volume of paer currency thus become impossible to carry or to store as it requires large space to store. Bank notes were introduced but not because that paper money is not serving its purpose It was introduced because of the increase in the volume of paer currency thus become impossible to carry or to store as it requires large space to store. “Following are the problems of barter system. Choose which one is incorrect- “The famous saying “” Money is as money does “” is given by “Which of the following features are the primary functions of money Medium of exchange and measure of value are the two primary functions of money rest are secondary functions of money Medium of exchange and measure of value are the two primary functions of money rest are secondary functions of money “1.M1 and M2 are narrow money and are highly liquid. “Gross Domestic product does not include the value of it does not include transfer or one sided payment. it does not include transfer or one sided payment. “Which of the following statements most accurately describes personal income? Personal income: Personal income doesn’t include components of national income such as undistributed corporate tax, corporate income tax and indirect business taxes. the amount of after tax income that households have available to spend or save is disposable personal income. Personal income doesn’t include components of national income such as undistributed corporate tax, corporate income tax and indirect business taxes. the amount of after tax income that households have available to spend or save is disposable personal income. “A central bank conducts monetary policy primarily by alerting the The primary method by which a central bank conducts monetary policy is through changes in the target of short term rate of policy rate The primary method by which a central bank conducts monetary policy is through changes in the target of short term rate of policy rate “The income from a financial investment in country P by a citizen of country Q is most likely included in The income from a financial investment in country P of a citizen of country Q is included in country P’s GDP but not in its GNP.. The income from a financial investment in country P of a citizen of country Q is included in country P’s GDP but not in its GNP.. “Real GDP is best described as the value of “A business cycles has four phases The business cycle has 4 phases – The business cycle has 4 phases – “1.Economic development studies the economy only in quantitative terms. Economic growth studies economy in only quantitative aspect of economy while economic development studies quantitative as well qualitative Economic growth studies economy in only quantitative aspect of economy while economic development studies quantitative as well qualitative “Macroeconomics as a separate branch came to be studied after the contributions of which economist? John Maynard Keynes’s 1936 book, ‘The General Theory of Employment, Interest, and Money’ laid the foundations for Macroeconomics John Maynard Keynes’s 1936 book, ‘The General Theory of Employment, Interest, and Money’ laid the foundations for Macroeconomics “Choose which of the following are not quantitative measures of monetary policy? moral suasion is a qualitative measure for controlling money supply in India. Under such measure central bank persuades, requests, appeals and advises its member bank to expand or contract credit facilities. moral suasion is a qualitative measure for controlling money supply in India. Under such measure central bank persuades, requests, appeals and advises its member bank to expand or contract credit facilities. Paper 2 Economics Part 3
Quiz-summary
Information
Paper 1 All questions 2 Marks each
Results
Average score
Your score
Categories
Pos.
Name
Entered on
Points
Result
Table is loading
No data available
1. Question
2 points
Nominal GDP measures the production of goods and services valued at base year price.
“”वास्तविक जीडीपी मौजूदा प्रचलित मूल्य पर वस्तुओं और सेवाओं को मापता है।
नाममात्र सकल घरेलू उत्पाद आधार वर्ष मूल्य पर मूल्यवान वस्तुओं और सेवाओं के उत्पादन को मापता है।”
2. Question
2 points
Reason: as it considers goods and services on base year price thus shows the actual increase in production in current year.
“”जोर: वास्तविक जीडीपी को वस्तुओं और सेवाओं में वास्तविक वृद्धि दिखाने के लिए सबसे अच्छा उपाय माना जाता है।
कारण: जैसा कि यह आधार वर्ष मूल्य पर वस्तुओं और सेवाओं पर विचार करता है, इस प्रकार वर्तमान वर्ष में उत्पादन में वास्तविक वृद्धि दर्शाता है।”
3. Question
2 points
Reason: because every transaction has buyer and seller, thus total expenditure must be equal to total income in the economy.
“”अभिकथन: राष्ट्रीय आय की गणना आय के साथ-साथ व्यय विधि दोनों से की जा सकती है।
कारण: क्योंकि प्रत्येक लेनदेन में खरीदार और विक्रेता होते हैं, इस प्रकार कुल व्यय अर्थव्यवस्था में कुल आय के बराबर होना चाहिए।”
Production method
Income Method
Expenditure method
Production method
Income Method
Expenditure method
4. Question
2 points
Reason : As it is calculated on the constant or same price prevailing previously.”
“जोर: नॉमिनल जीडीपी को स्थिर मूल्य पर जीडीपी के रूप में भी जाना जाता है।
कारण: जैसा कि पहले से प्रचलित स्थिर या समान मूल्य पर गणना की जाती है। “
5. Question
2 points
मान लीजिए कि वर्ष 2017 के लिए वास्तविक जीडीपी रूपये 350 है जबकि वर्ष के लिए नाममात्र जीडीपी रुपये 600 है।”
so here , GDP deflator = 600/350 × 100 = 171 rupees
so here , GDP deflator = 600/350 × 100 = 171 rupees
6. Question
2 points
7. Question
2 points
यदि वर्ष 2005 के लिए नाममात्र जीडीपी वर्ष 2004 के नाममात्र जीडीपी से अधिक है तो उत्पादन का उत्पादन”
8. Question
2 points
निम्नलिखित में से कौन Trasnfer भुगतान का उदाहरण है?”
9. Question
2 points
1.Money is the set of assets in the economy that people regularly use to buy goods and services from other people.
2. Owning Facebook by Mark Zuckerberg is considered as his money .
3. paper money and metal money has no intrinsic value.
4. it acts a medium of exchange
“पैसे के संबंध में निम्नलिखित में से कौन सा कथन सही है?
1.मनी अर्थव्यवस्था में परिसंपत्तियों का एक सेट है जो लोग नियमित रूप से अन्य लोगों से सामान और सेवाएं खरीदने के लिए उपयोग करते हैं।
2. मार्क जुकरबर्ग द्वारा फेसबुक को अपना पैसा माना जाता है।
3. पेपर मनी और मेटल मनी का कोई आंतरिक मूल्य नहीं है।
4. यह विनिमय का एक माध्यम है”
10. Question
2 points
2. Commodity money is the money without intrinsic value and that is being used because of government decree.
3. Money stock is the quantity of money circulating in the economy.
1. “”फिजिकल मनी: वह है जो आंतरिक मूल्य के साथ कमोडिटी का रूप लेता है।
2. कमोडिटी मनी बिना आंतरिक मूल्य के पैसा है और इसका उपयोग सरकारी फरमान के कारण किया जा रहा है।
3. मुद्रा स्टॉक अर्थव्यवस्था में परिचालित धन की मात्रा है।”
11. Question
2 points
12. Question
2 points
“”रोजगार, ब्याज और धन का सामान्य सिद्धांत”” के नाम से प्रकाशित होता है”
13. Question
2 points
1. National income is the sum of money value of net flow of all final goods and services produced by normal residents of a country during a given period of time.
2. National income is the sum of factor incomes earned by normal residents of a country in the form of rent , wages , interest and profit in an accounting year .
3. National income is the total expenditure incurred by the various sectors of the economy and also includes country’s capital goods .
“राष्ट्रीय आय के बारे में निम्नलिखित में से कौन सा कथन गलत है?
1. राष्ट्रीय आय एक निश्चित अवधि के दौरान किसी देश के सामान्य निवासियों द्वारा उत्पादित सभी अंतिम वस्तुओं और सेवाओं के शुद्ध प्रवाह के धन मूल्य का योग है।
2. राष्ट्रीय आय एक देश के सामान्य निवासियों द्वारा एक लेखांकन वर्ष में किराया, मजदूरी, ब्याज और लाभ के रूप में अर्जित कारक आय का योग है।
3. राष्ट्रीय आय अर्थव्यवस्था के विभिन्न क्षेत्रों द्वारा किए गए कुल व्यय है और इसमें देश का पूंजीगत सामान भी शामिल है।”
14. Question
2 points
1. factor income from abroad
2. old age pension given by government
3.Profits earned by a company in India which is owned by a non residents
4. salaries to Indian residents working in Russian Embassy in India.
“घरेलू आय में निम्नलिखित में से कौन सी वस्तु शामिल होगी?
1. विदेश से आय का कारक
2. सरकार द्वारा दी जाने वाली वृद्धावस्था पेंशन
3. भारत में एक कंपनी द्वारा अर्जित लाभ जो एक गैर निवासियों के स्वामित्व में है
4. भारत में रूसी दूतावास में काम करने वाले भारतीय निवासियों को वेतन।”
factor income from abroad is not earned within the domestic territory thus not included in domestic income.
old age pension is also not included as it is a transfer income and is received without rendering any service in return.
salaries earned by resident but it is in Russian Embassy which is not treated as within domestic territory thus excluded from the calculations of national income.
factor income from abroad is not earned within the domestic territory thus not included in domestic income.
old age pension is also not included as it is a transfer income and is received without rendering any service in return.
salaries earned by resident but it is in Russian Embassy which is not treated as within domestic territory thus excluded from the calculations of national income.
15. Question
2 points
जीएनपी जो प्राकृतिक पर्यावरण के सतत उपयोग और विकास के लाभ के समान वितरण को प्राप्त करने में मदद करेगा। इसे ही कहा जाता है”
16. Question
2 points
2. Personal income is the total of factor incomes and transfer incomes received from all sources by private sector within and outside the country.
1. निजी आय देश के भीतर या बाहर सभी स्रोतों से प्राप्त आय और हस्तांतरण आय का योग है।
2. निजी आय देश के भीतर और बाहर निजी क्षेत्र द्वारा सभी स्रोतों से प्राप्त कारक आय और हस्तांतरण आय का कुल योग है।”
17. Question
2 points
Explanation : paper money are not serving its purpose of exchange.
“”अभिकथन: बैंक के पैसे जैसे चेक, जमा आदि को कागज के पैसे से उत्पन्न समस्या को हल करने के लिए पेश किया गया है।
स्पष्टीकरण: कागज पैसे विनिमय के अपने उद्देश्य की सेवा नहीं कर रहे हैं।”
18. Question
2 points
1. Lack of double coincidence of wants.
2. absence of common measure of value.
3 . Lack of standard for deferred payments .
4. disutility of waiting
“”वस्तु विनिमय प्रणाली की समस्याएं निम्नलिखित हैं। चुनें कि कौन सी गलत है-
1.चाहतों के दोहरे संयोग का अभाव।
2. मूल्य के सामान्य माप की अनुपस्थिति।
३। आस्थगित भुगतान के लिए मानक का अभाव।
4. प्रतीक्षा की असुविधा”
19. Question
2 points
प्रसिद्ध कहावत है “”पैसा उतना ही पैसा है जितना”” द्वारा दिया जाता है”
20. Question
2 points
1. medium of exchange
2.store of value
3.measure of value
4. standard of deferred payments
“”निम्नलिखित में से कौन सी विशेषताएं पैसे का प्राथमिक कार्य हैं
1. विनिमय का माध्यम
2. मूल्य का भंडार मान का
3.मत
4. आस्थगित भुगतान का मानक”
21. Question
2 points
2.M3 and M4 are broad money and are least liquid.
1. एम 1 और एम 2 संकीर्ण पैसे हैं और अत्यधिक तरल हैं।
2. एम 3 और एम 4 व्यापक धन हैं और कम से कम तरल हैं।”
22. Question
2 points
सकल घरेलू उत्पाद में मूल्य शामिल नहीं है”
23. Question
2 points
निम्नलिखित में से कौन सा कथन व्यक्तिगत आय का सबसे सटीक वर्णन करता है? व्यक्तिगत आय:”
24. Question
2 points
एक केंद्रीय बैंक मौद्रिक नीति को मुख्य रूप से सतर्क करता है”
25. Question
1 points
देश के एक नागरिक द्वारा देश पी में एक वित्तीय निवेश से आय सबसे अधिक संभावना में शामिल है”
It is included in country Q’s GNP but not its GDP
It is included in country Q’s GNP but not its GDP
26. Question
2 points
वास्तविक जीडीपी को सबसे अच्छा मूल्य के रूप में वर्णित किया गया है”
27. Question
2 points
1. expansion
2. peak
3. recession
4 . trough
which one is not true?
“एक व्यापार चक्र के चार चरण होते हैं
1. विस्तार
2. चोटी
3. मंदी
४। गर्त
कौन सा सच नहीं है?”
expansion (real GDP is increasing), peak ( real GDP stops increasing and begins decreasing) , contraction or recession (real GDP is decreasing) and trough ( real GDP stops decreasing and begins increasing)
expansion (real GDP is increasing), peak ( real GDP stops increasing and begins decreasing) , contraction or recession (real GDP is decreasing) and trough ( real GDP stops decreasing and begins increasing)
28. Question
2 points
2. Economic growth studies economy both in quantitative as well as qualitative terms
1. अर्थशास्त्रीय विकास केवल मात्रात्मक शब्दों में अर्थव्यवस्था का अध्ययन करता है।
2. आर्थिक विकास दोनों मात्रात्मक और साथ ही गुणात्मक शब्दों में अर्थव्यवस्था का अध्ययन करता है”
29. Question
2 points
“”मैक्रोइकॉनॉमिक्स एक अलग शाखा के रूप में किस अर्थशास्त्री के योगदान के बाद अध्ययन किया गया?”
30. Question
2 points
1. Bank rate
2. Open market operations
3. cash reserve ratio
4. moral suasin
“चुनें कि मौद्रिक नीति के मात्रात्मक उपाय निम्नलिखित में से कौन से नहीं हैं?
1. बैंक दर
2. बाजार संचालन खोलें
3. नकद आरक्षित अनुपात
4. नैतिक सूसिन”
