CBSE Questions for Class 8 General Knowledge Indian Economy Quiz 18 - MCQExams.com

 In abc classification of inventory maximum attention has to be paid on
  • a category
  • b category
  • c category
  • all of them
Which account is not a liability account?
  • Account payable
  • Accrued Expenses
  • Cash
  • Notes payable
planning is a continuous activity done jointly by the scrum master and product owner?
  • planning is a continuous activity done jointly by the scrum master and product owner
  • detailed planning is done up front and not revisited.
  • the whole team together does just enough upfront planning followed by continuous planning throughout the project.
  • Only planning in scrum is the Sprint Planning.
  • Daily Scrum is one of the planning events.
What is the difference between the actual output and generated output known as?
  • Output difference
  • Accuracy
  • Output Modulus
  • Cost
Which economic indicator describes the process of generally declining prices?Which economic indicator describes the process of generally declining prices?
  • inflation
  • deflation
  • gross domestic product
  • recession
  • unemployment
Which of the given options is not a accounting principle
  • Materiality
  • Goodwill
  • Consistency
  • Revenue Recognition
Which of the following does not fit with an efficient supply chain
  • Highly predictable demand
  • product with shotlife cycles that change frequently
  • Low contribution margin
  • Stable product line
Consider the following: 
Swarnajayanti Gram Swarozgar Yojana
Pradhan Mantri Gram Sadak Yojana
Sampoorna Grameen Rozgar Yojana
Indira Awas Yojana
Select the correct chronological order of the above yojanas?
  • 2-3-4-1
  • 4-1-2-3
  • 1-2-3-4
  • 4-3-1-2
Consider the following statements:
$$1.$$ Foreign Exchange Management Act (FEMA) was passed in $$1991$$ to replace Foreign Exchange Regulation Act.
$$2.$$ FEMA serves to make transactions for external trade (exports and imports) easier.
Which of the statements given above is/ are correct?
  • Only $$1$$
  • Only $$2$$
  • Both $$1$$ and $$2$$
  • Neither $$1$$ nor $$2$$
Which of the following is/are the selective credit control measures of RBI?
1) Cash Reserve Ratio
2) Statutory Liquidity Ratio
3) Margin requirements
4) Moral suasion
Choose the correct answer using the codes given below. 
  • 1 and 2
  • 3 and 4
  • Only 4
  • All of these
Which one of the following indicators is not used in the determination of Gender Development Index (GDI) in the Human Development Report (HDR)?
  • Life expectancy of female
  • Female adult literacy and gross enrollment
  • Female political empowerment
  • Female per capita income
In 1980s, Indian economy was in the process of the Hindu rate of growth. Which one of the following is associated with the Hindu rate of growth?
  • Growth rate of Naxalism
  • Growth rate of foodgrain production
  • Growth rate of Gross Domestic Product
  • Population growth rate
The Second Five Year Plan that called for the establishment of Socialist pattern of society was commonly referred to as the ___________.
  • Harrod-Domar Plan
  • Mahalanobis Plan
  • Nehru Plan
  • People's Plan
MODVAT is different from VAT in the sense that: 
Under MODVAT, tax is levied only on value addition while under VAT, excise Is imposed on final value and then rebate is given on inputs. 
MODVAT is only at the production stage white VAT extends both to production and distribution stage.
Under MODVAT, excise is levied on final value and then rebate is given on inputs while under VAT, tax is levied only on value addition.
MODVAT implies rationalisation of excise duty only while VAT implies rationalisation of excise sales and turnover taxes etc also. 
Which of the statements given above are correct?
  • 2, 3 and 4
  • 1, 2 and 3
  • 2 and 3
  • 3 and 4
GDI measures differences between male and female achievements in 3 basic dimensions of human development. Choose the correct statement regarding this:
(1) Life expectancy at birth is adjusted for the average of 5 years biological advantage that women have over men.
(2) It provides insights into gender disparity.
(3) It is calculated in entirely different manner as compared to HDI.
  • Only 1
  • Only 2
  • 1 and 2
  • All of the above
Which of the following measures would result in an increase in the money supply in the economy ?
1) Purchase of government securities from the public by the Central Bank.
2) Deposit of currency in commercial banks by the public.
3) Borrowing by the government from the Central Bank.
4) Sale of government securities to the public by the Central Bank.
Select the correct answer using the codes given below
  • Only 1
  • 2 and 4
  • 1 and 3
  • 2 , 3 and 4
The RBI was established on 1st April, 1935 on the recommendation of ___________.
  • Khandwal Commission
  • Narasimham Commission
  • Nachiket Mor Commission
  • Hilton Young Commission
In sociology cultural beliefs that serve to legitimate key interests and hence justify social stratification is called
  • Caste
  • Symbol
  • Ideology
  • Race
A stratum of people of similar positions in the social status continuum are termed as.
  • Social class
  • clan or tribe
  • Community
  • None of these
If Reserve Bank of India reduces the cash reserve ratio, it will
  • Increase credit creation
  • Decrease credit creation
  • Have no impact on credit creation
  • Have no definite impact on credit creation
What is a Scheduled Bank ?
  • A bank having Rs. 10 crore deposits
  • A bank having Rs. 100 crore deposits
  • A bank having Rs. 1000 crore deposits
  • A bank included in the Second Schedule of RBI Act
In a cut motion, when the amount of demand is reduced by $$Rs. 100$$, it is known as
  • Disapproval of policy cut
  • Economy cut
  • Vote on Account
  • Token cut
Which of the following is NOT a characteristic in Glidden's account in Transformations of Intimacy of intimate relationships in post-traditional societies?
  • confluent love
  • social reflexivity
  • liquid desire
  • plastic sexuality
According to sociologists how are lives stratifies by generation and age?
  • Age difference
  • Aged
  • Age stratification
  • None of the above
Which one of the following is not a feature of informal sector?
  • Absence of effective legal protection
  • Absence of employment security
  • Absence of effective trade unionism
  • Absence of gender segregation
Democratic capitalism means that.
  • all property belongs to the government
  • the economy is regulated through legislation and taxation
  • losers totally destroyed
  • the individual is free to do anything as long as he/she has money
According to sociology people who join not for income but to pursue goals are called
  • Normative organisations
  • Coercive organisation
  • Informal organisation
  • Utilitarian organisation
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