Name of the University : University Of Calicut
Degree : B.A
Department : Economics
Semester : II
Name Of The Subject : General Economics I
Document type : Question Bank
Website : universityofcalicut.info
Download Sample/Model Question Papers : https://www.pdfquestion.in/uploads/5188.-GeneralEconomics16.pdf
University Of Calicut General Economics Model Paper
UNIVERSITY OF CALICUT
SCHOOL OF DISTANCE EDUCATION
BA History & BA Political Science (2011 Admission Onwards) II Semester
Complementary Course
GENERAL ECONOMICS-I
Related : University of Calicut Concepts of Political Science B.A Question Bank : www.pdfquestion.in/5185.html
Sample Questions
1. The subject matter of economics is concerned with
A. Production C. Distribution and exchange
B. Consumption D. All of the above
2. The economic problem arises since
A. Wants are unlimited
B. Resources are limited
C. Resources are capable of alternative uses
D. All of the above
3. The wants of the people are
A. Limited C. Unlimited
B. Satiable D. All of the above
4. Economic problem arises in
A. Planned economies C. Mixed economies
B. Free market economies D. All of the above
5. The resources are :
C. Not only limited but are capable of alternative uses
D. None of the above
6. Which one of the following is an example of an economic good
A. Sunlight C. Petrol
B. Air D. None of the above
7. —– is not an example of free good
A. Sunlight C. Petrol
B. Car D. Computer
8. The term production refers to :
A. Producing things which are capable of satisfying human wants
B. Creation or addition of utilities
C. Transformation of inputs into output
D. All of the above
9. The problem of allocation of resources is concerned with :
A. What to produce C. For whom to produce
B. How to produce D. All of the above
10. The distribution of national product among the members of the society
is the problem of :
A. What to produce C. For whom to produce
B. How to produce D. All of the above
11. Production is said to be efficient when :
A. The re-allocation of resources cannot increase the production of
the article even by one unit
B. More output is produced with the given input
C. Resources are fully employed
D. All of the above
12. Which one of the following come under macro economics :
A. Per capita income C. Individual income
B. Study of a firm D. Theory of factor pricing
13. Which one of the following is not come under macro economics
A. National income C. Disposable income
B. Per capita income D. Individual income
14. Partial equilibrium analysis come under :
A. Micro economics C. Welfare economics
B. Macro economics D. International economics
15. In all balance of payment accounts, there are a fictitious head of account called:
a) Invisibles
b) Deficits
c) Reserves
d) Errors and omissions
16. Balance on merchandise and service trade is called:
a) Balance of payment
b) Trade balance
c) Current account
d) Balance on goods and services
17. When demand for US dollars increases under flexible exchange rate system, then:
a) The rupee depreciates
b) The dollar appreciates
c) Both A and B
d) None of the above
18. An economic transaction is entered in the balance of payment as a credit, if it leads to:
a) Receipt of payment from foreigners
b) Either the receipt of payment or making of payment
c) A payment to foreigners
d) Neither the receipt nor making of a payment
19. Remittances foe abroad is included in which account of balance of payment:
a) Current account
b) Capital account
c) Visible account
d) Official account
20. Assertion (A) : Devaluation in general is resorted to increase the exports.
Reason (R) : It makes exports cheaper.
a) Both (A) and (R) are correct
b) (A) is correct, but (R) is not correct.
c) Both (A) and (R) are incorrect
d) A) is incorrect, but (R) is correct
21. The continuous deficit in the balance of payments of India is due to
a) Continued rise in imports
b) Slow rise in exports
c) Exchange rate volatility
d) All of the above
22. The ongoing weakening of Rupee against Dollar will cause
a) Indian exports to US will rise
b) Indian exports to US will fall
c) Import from US to India will remain constant
d) Indian exports to US remain constant