{"id":44783,"date":"2021-02-05T17:35:15","date_gmt":"2021-02-05T12:05:15","guid":{"rendered":"https:\/\/cracku.in\/blog\/?p=44783"},"modified":"2021-02-05T17:35:15","modified_gmt":"2021-02-05T12:05:15","slug":"top-50-economics-questions-for-tissnet-cmat-pdf","status":"publish","type":"post","link":"https:\/\/cracku.in\/blog\/top-50-economics-questions-for-tissnet-cmat-pdf\/","title":{"rendered":"Top-50 Economics Questions For TISSNET & CMAT PDF"},"content":{"rendered":"

Top-50 Economics Questions For TISSNET & CMAT PDF<\/strong><\/span><\/h2>\n

Download\u00a0 TISSNET and CMAT Economics Questions and Answers PDF. Most expected Economics questions for CMAT & TISSNET 2021 exams.<\/p>\n

Download Top-50 Economics Questions For TISSNET & CMAT PDF<\/a><\/p>\n

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Download TISSNET Previous Papers PDF<\/a><\/p>\n

Download CMAT Previous Papers PDF<\/a><\/p>\n

Question 1:\u00a0<\/b>Who divided economics into Micro and Macro economics?<\/p>\n

a)\u00a0Adam smith<\/p>\n

b)\u00a0Ragnar Frisch<\/p>\n

c)\u00a0J.M. Keynes.<\/p>\n

d)\u00a0Mahadev Govind Ranade<\/p>\n

Question 2:\u00a0<\/b>According to which Article of Indian constitution, the Union Budget of a year, also referred to as the annual financial statement (AFS)?<\/p>\n

a)\u00a0100<\/p>\n

b)\u00a051<\/p>\n

c)\u00a022<\/p>\n

d)\u00a0112<\/p>\n

Question 3:\u00a0<\/b>Which country had first adopted GST?<\/p>\n

a)\u00a0France<\/p>\n

b)\u00a0India<\/p>\n

c)\u00a0China<\/p>\n

d)\u00a0Japan<\/p>\n

Question 4:\u00a0<\/b>Which are the two countries that have dual GST like India?<\/p>\n

a)\u00a0Brazil and Japan<\/p>\n

b)\u00a0Canada and Brazil<\/p>\n

c)\u00a0Australia and Japan<\/p>\n

d)\u00a0Brazil and China<\/p>\n

Question 5:\u00a0<\/b>Which country has the second highest GST rate in the world?<\/p>\n

a)\u00a0India<\/p>\n

b)\u00a0Argentina<\/p>\n

c)\u00a0Japan<\/p>\n

d)\u00a0Mangolia<\/p>\n

Question 6:\u00a0<\/b>Which day is observed as GST day?<\/p>\n

a)\u00a0June 1st<\/p>\n

b)\u00a0July 18th<\/p>\n

c)\u00a0July 1st<\/p>\n

d)\u00a0January 1st<\/p>\n

Question 7:\u00a0<\/b>If Income is greater than Expenditure, then it is called as which type of Budget?<\/p>\n

a)\u00a0Deficit Budget<\/p>\n

b)\u00a0Balanced Budget<\/p>\n

c)\u00a0Surplus Budget<\/p>\n

d)\u00a0None of the above<\/p>\n

Question 8:\u00a0<\/b>LPG policy was introduced in which year?<\/p>\n

a)\u00a01991<\/p>\n

b)\u00a01998<\/p>\n

c)\u00a01995<\/p>\n

d)\u00a01986<\/p>\n

Question 9:\u00a0<\/b>When was BIFR committe established?<\/p>\n

a)\u00a01990<\/p>\n

b)\u00a01980<\/p>\n

c)\u00a01987<\/p>\n

d)\u00a01967<\/p>\n

Question 10:\u00a0<\/b>Who is the first governor of RBI?<\/p>\n

a)\u00a0Sir Osborne Smith<\/p>\n

b)\u00a0Shaktikant Das<\/p>\n

c)\u00a0Benegal Rama Rau<\/p>\n

d)\u00a0H. V. R. Iyengar<\/p>\n

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Question 11:\u00a0<\/b>Every bank has to reserve a fixed percentage of its total deposit to RBI in form & cash. It is called which ratio?<\/p>\n

a)\u00a0Open Market Operation<\/p>\n

b)\u00a0Cash reserve ratio<\/p>\n

c)\u00a0Statuary Liquid Ratio<\/p>\n

d)\u00a0Bank Rate<\/p>\n

Question 12:\u00a0<\/b>1st Regional rural Bank was formed on 2nd Oct 1975 with the name?<\/p>\n

a)\u00a0Tripura Gramin Bank<\/p>\n

b)\u00a0Manipur Rural Bank<\/p>\n

c)\u00a0Prathama Grameen Bank<\/p>\n

d)\u00a0Aryavart Bank<\/p>\n

Question 13:\u00a0<\/b>When the value Elasticity of demand is infinity, then it is said to be?<\/p>\n

a)\u00a0Perfectly Elastic<\/p>\n

b)\u00a0Relatively Elastic demand<\/p>\n

c)\u00a0Relatively Inelastic Demand<\/p>\n

d)\u00a0Unitary Elastic<\/p>\n

Question 14:\u00a0<\/b>NITI AAYOG was started in which year?<\/p>\n

a)\u00a02017<\/p>\n

b)\u00a02014<\/p>\n

c)\u00a02015<\/p>\n

d)\u00a02012<\/p>\n

Question 15:\u00a0<\/b>NSE was established in which year?<\/p>\n

a)\u00a01998<\/p>\n

b)\u00a01992<\/p>\n

c)\u00a01990<\/p>\n

d)\u00a01999<\/p>\n

Question 16:\u00a0<\/b>Oldest Stock exchange in Asia?<\/p>\n

a)\u00a0Bombay stock exchange<\/p>\n

b)\u00a0NSE<\/p>\n

c)\u00a0Calcutta Stock Exchange<\/p>\n

d)\u00a0Metropolitan Stock Exchange of India<\/p>\n

Question 17:\u00a0<\/b>Few sellers and large no. of buyers is which type of market?<\/p>\n

a)\u00a0Oligopoly<\/p>\n

b)\u00a0Monopolistic<\/p>\n

c)\u00a0Monopoly<\/p>\n

d)\u00a0Bilateral Monopoly<\/p>\n

Question 18:\u00a0<\/b>The headquarters of Rubber board is in which city of India?<\/p>\n

a)\u00a0Pune<\/p>\n

b)\u00a0Bangalore<\/p>\n

c)\u00a0Mumbai<\/p>\n

d)\u00a0Kottayum<\/p>\n

Question 19:\u00a0<\/b>What is meant by gilt-edged markets?<\/p>\n

a)\u00a0Market of private securities<\/p>\n

b)\u00a0Market of govt securities<\/p>\n

c)\u00a0Market of international securities<\/p>\n

d)\u00a0None of the above<\/p>\n

Question 20:\u00a0<\/b>Bilateral monopoly exists when a market has?<\/p>\n

a)\u00a0One buyer and Two sellers<\/p>\n

b)\u00a0Two buyers and One seller<\/p>\n

c)\u00a0One buyer and One seller<\/p>\n

d)\u00a0Two buyers and Two sellers<\/p>\n

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Question 21:\u00a0<\/b>Name of the body which regulates the stock Exchanges in India is<\/p>\n

a)\u00a0CBI<\/p>\n

b)\u00a0CID<\/p>\n

c)\u00a0SHCIL<\/p>\n

d)\u00a0SEBI<\/p>\n

Question 22:\u00a0<\/b>People who loan money to others are called as?<\/p>\n

a)\u00a0Creditors<\/p>\n

b)\u00a0Debtors<\/p>\n

c)\u00a0Investors<\/p>\n

d)\u00a0None of the above<\/p>\n

Question 23:\u00a0<\/b>\u201cSwayamsidha\u201d is a scheme launched by the Government of India to help<\/p>\n

a)\u00a0School Children only<\/p>\n

b)\u00a0Health workers only<\/p>\n

c)\u00a0Senior citizen without any regular income<\/p>\n

d)\u00a0Women only<\/p>\n

Question 24:\u00a0<\/b>The main reason for \u201cGlobalization\u201d is<\/p>\n

a)\u00a0Gap between the rich andthe poor<\/p>\n

b)\u00a0Political parties<\/p>\n

c)\u00a0Message-oriented films<\/p>\n

d)\u00a0Fast growing technological knowledge<\/p>\n

Question 25:\u00a0<\/b>The scheme ESI is related to<\/p>\n

a)\u00a0Wages<\/p>\n

b)\u00a0Social security and health Insurance<\/p>\n

c)\u00a0Retrenchment dispute<\/p>\n

d)\u00a0Pension<\/p>\n

Question 26:\u00a0<\/b>NEER stands for ______<\/p>\n

a)\u00a0National Effective Economic Rate<\/p>\n

b)\u00a0Nominal Effective Economic Rate<\/p>\n

c)\u00a0Nominal Effective Exchange Rate<\/p>\n

d)\u00a0Nominal Equivalent of Exchange Rupee<\/p>\n

e)\u00a0National Economic Exchange Reserves<\/p>\n

Question 27:\u00a0<\/b>Based on economic activities, how many sectors are there in Indian economy?<\/p>\n

a)\u00a04<\/p>\n

b)\u00a03<\/p>\n

c)\u00a02<\/p>\n

d)\u00a05<\/p>\n

Question 28:\u00a0<\/b>Pradhan Mantri Awas Yojana – Gramin, aims to achieve “Housing for All” by:<\/p>\n

a)\u00a02024<\/p>\n

b)\u00a02023<\/p>\n

c)\u00a02021<\/p>\n

d)\u00a02022<\/p>\n

Question 29:\u00a0<\/b>Which one of the following is a monetary principle stating that “bad money drives out good”?<\/p>\n

a)\u00a0Gresham’s law<\/p>\n

b)\u00a0Pareto efficiency<\/p>\n

c)\u00a0The multiplier effect<\/p>\n

d)\u00a0Marshall’s scissors analysis<\/p>\n

Question 30:\u00a0<\/b>In which of the following lists is Economic planning placed?<\/p>\n

a)\u00a0Concurrent list<\/p>\n

b)\u00a0State list<\/p>\n

c)\u00a0Union list<\/p>\n

d)\u00a0Both State list and Union list<\/p>\n

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Question 31:\u00a0<\/b>What does D stand for in NDTL used in economics?<\/p>\n

a)\u00a0Demand<\/p>\n

b)\u00a0Development<\/p>\n

c)\u00a0Domestic<\/p>\n

d)\u00a0Derivative<\/p>\n

Question 32:\u00a0<\/b>\u2018Double coincidence of wants\u2019 is a feature of which system?<\/p>\n

a)\u00a0Forex system<\/p>\n

b)\u00a0Barter system<\/p>\n

c)\u00a0Equity system<\/p>\n

d)\u00a0Liquidity system<\/p>\n

Question 33:\u00a0<\/b>The term \u201cbull and bear\u201d is associated with?<\/p>\n

a)\u00a0Banking sector<\/p>\n

b)\u00a0Stock market<\/p>\n

c)\u00a0Bull fighting<\/p>\n

d)\u00a0Parliament of India<\/p>\n

Question 34:\u00a0<\/b>Secondary sector of the economy includes?<\/p>\n

a)\u00a0Extraction and collection of natural resources<\/p>\n

b)\u00a0Finished products or usable products<\/p>\n

c)\u00a0Production of services<\/p>\n

d)\u00a0Agriculture and allied activities<\/p>\n

Question 35:\u00a0<\/b>What are the sources of revenue for the central government in India?<\/p>\n

a)\u00a0Taxes on income and expenditure<\/p>\n

b)\u00a0State tax revenue<\/p>\n

c)\u00a0Income from state-run enterprises<\/p>\n

d)\u00a0None of the above<\/p>\n

Question 36:\u00a0<\/b>The Micro, Small and Medium Enterprises Development Act was passed in the year
\n____.<\/p>\n

a)\u00a02008<\/p>\n

b)\u00a02007<\/p>\n

c)\u00a02004<\/p>\n

d)\u00a02002<\/p>\n

Question 37:\u00a0<\/b>A sustained rise in the general price level in an economy is called ______.<\/p>\n

a)\u00a0Disinflation<\/p>\n

b)\u00a0Deflation<\/p>\n

c)\u00a0Inflation<\/p>\n

d)\u00a0Stagflatio<\/p>\n

Question 38:\u00a0<\/b>Which economist gave the theory of Opportunity Cost?<\/p>\n

a)\u00a0Adam Smith<\/p>\n

b)\u00a0Gottfried Haberler<\/p>\n

c)\u00a0Milton Friedman<\/p>\n

d)\u00a0John Keynes<\/p>\n

Question 39:\u00a0<\/b>How many Zonal Offices does RBI has?<\/p>\n

a)\u00a02<\/p>\n

b)\u00a05<\/p>\n

c)\u00a04<\/p>\n

d)\u00a01<\/p>\n

Question 40:\u00a0<\/b>Before, Nationalisation SBI was called as?<\/p>\n

a)\u00a0Imperial Bank of India<\/p>\n

b)\u00a0Bharat bank<\/p>\n

c)\u00a0Hindustani Bank<\/p>\n

d)\u00a0None of the above<\/p>\n

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Question 41:\u00a0<\/b>Which finance minister had introduced the concept of service tax?<\/p>\n

a)\u00a0Chidambaram<\/p>\n

b)\u00a0Indira Gandhi<\/p>\n

c)\u00a0Manmohan singh<\/p>\n

d)\u00a0Nirmala seetaraman<\/p>\n

Question 42:\u00a0<\/b>NABARD was founded in which year?<\/p>\n

a)\u00a01998<\/p>\n

b)\u00a01982<\/p>\n

c)\u00a01995<\/p>\n

d)\u00a01987<\/p>\n

Question 43:\u00a0<\/b>What is the abbreviation of PAN?<\/p>\n

a)\u00a0Permanent Account Number<\/p>\n

b)\u00a0Personal Access Number<\/p>\n

c)\u00a0Private Account Number<\/p>\n

d)\u00a0Public Access Number<\/p>\n

Question 44:\u00a0<\/b>Who is the author of the book “Planned economy for India”?<\/p>\n

a)\u00a0Mahatma Gandhi<\/p>\n

b)\u00a0Manmohan Singh<\/p>\n

c)\u00a0M.Vishweshwarayya<\/p>\n

d)\u00a0Indira Gandhi<\/p>\n

Question 45:\u00a0<\/b>Black revolution is related to?<\/p>\n

a)\u00a0Crude oil<\/p>\n

b)\u00a0Seeds<\/p>\n

c)\u00a0Milk<\/p>\n

d)\u00a0Textile<\/p>\n

Question 46:\u00a0<\/b>Which Industry is also known as Sun rising Industry?<\/p>\n

a)\u00a0Tobacco Industry<\/p>\n

b)\u00a0Textile Industry<\/p>\n

c)\u00a0Food Industry<\/p>\n

d)\u00a0IT Industry<\/p>\n

Question 47:\u00a0<\/b>The banking regulation act was passed in which year?<\/p>\n

a)\u00a01923<\/p>\n

b)\u00a01949<\/p>\n

c)\u00a01981<\/p>\n

d)\u00a01978<\/p>\n

Question 48:\u00a0<\/b>Demography is ?<\/p>\n

a)\u00a0Study of Ants<\/p>\n

b)\u00a0Study of Demons<\/p>\n

c)\u00a0Study of Population<\/p>\n

d)\u00a0Study of Bones<\/p>\n

Question 49:\u00a0<\/b>What does the letter e stands for in e-banking?<\/p>\n

a)\u00a0Electronic<\/p>\n

b)\u00a0Educational<\/p>\n

c)\u00a0Essential<\/p>\n

d)\u00a0Excellent<\/p>\n

Question 50:\u00a0<\/b>Amartya Sen has got Nobel Prize in the field of economics in which year?<\/p>\n

a)\u00a01990<\/p>\n

b)\u00a01992<\/p>\n

c)\u00a01998<\/p>\n

d)\u00a01994<\/p>\n

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Answers & Solutions:<\/strong><\/span><\/p>\n

1)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

2)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

3)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

4)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

5)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

6)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

7)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

8)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

9)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

10)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

11)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

12)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

13)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

14)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

15)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

16)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

17)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

18)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

19)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

20)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

21)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

22)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

23)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

24)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

25)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

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26)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

The nominal effective exchange rate (NEER) is an unadjusted weighted average rate at which one country’s currency exchanges for a basket of multiple foreign currencies.<\/p>\n

27)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

28)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

29)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

30)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

31)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

32)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

33)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

34)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

35)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

36)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

37)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

38)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

39)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

40)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

41)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

42)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

43)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

44)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

45)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

46)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

47)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

48)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

49)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

50)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

Get 5 CMAT Mocks for just Rs. 299<\/a><\/p>\n

Download CMAT Previous Papers Andriod App<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Top-50 Economics Questions For TISSNET & CMAT PDF Download\u00a0 TISSNET and CMAT Economics Questions and Answers PDF. Most expected Economics questions for CMAT & TISSNET 2021 exams. Download TISSNET Previous Papers PDF Download CMAT Previous Papers PDF Question 1:\u00a0Who divided economics into Micro and Macro economics? a)\u00a0Adam smith b)\u00a0Ragnar Frisch c)\u00a0J.M. Keynes. d)\u00a0Mahadev Govind Ranade […]<\/p>\n","protected":false},"author":41,"featured_media":44837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"footnotes":""},"categories":[3,3433,1352,3313],"tags":[1567,2461,3299],"class_list":{"0":"post-44783","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cat","8":"category-cmat","9":"category-iift-en","10":"category-tissnet","11":"tag-cmat","12":"tag-economics","13":"tag-tissnet"},"better_featured_image":{"id":44837,"alt_text":"TISSNET & CMAT Economics","caption":"TISSNET & CMAT Economics","description":"TISSNET & CMAT 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