Top CMAT 2024 Economy Questions [Download PDF]

by Naveen Neredimalli Thu 09 May 2024 05:23 PM 1100

Economy questions form a crucial part of the General Awareness section in CMAT. These questions evaluate candidates' understanding of economic concepts, current affairs related to the economy, and their ability to analyze economic scenarios. To excel in the CMAT 2024 exam, it is essential for candidates to thoroughly prepare for economy-related questions. This PDF compilation of top CMAT 2024 economy questions aims to assist candidates in their preparation by providing a comprehensive set of practice questions covering key economic topics.

Download the PDF to access a curated collection of CMAT 2024 economy questions

Question 1

Monopoly means

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Question 2

Which of the following economic concept is categorized on the basis of Current Account or Capital Account or both ?

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Question 3

As we all know managing inflation has been a very important aspect of the economy in India. Which of the following is/are true about the inflation and its effect on economy ?
(A) Lack of inflation (deflation) is not necessarily a thing which is always good.
(B) Inflation is an Increase In the general level of prices for goods and services.
(C) When inflation goes up, the purchasing power of the money also goes up.

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Question 4

Which of the following is the correct definition of the term National Income ?
(A) National Income means the total amount of money Govt. earns only through direct tax collections every year.
(B) It is the total value of all sorts of stocks held by a country at a particular point of time.
(C) This is the measure of the volume of commodities and services turned out during a given period counted without duplication.

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Question 5

As we all know Govt. of India pays special emphasis on management of Fiscal Deficit. What is Fiscal Deficit ?

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Question 6

An argument amongst the economists all over the world is going on, on the issue of imposing special taxes on goods and services whose prices do not reflect the true social cost of their consumption, for example, tax on polluting environment. Which of the following are the other examples of such taxes ?
(A) Duties on cigarettes
(B) Duties on alcohol
(C) Tax on gambling and lotteries
(D) Airport Tax

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Question 7

As we all know India's one of the major Imports is oil and petroleum. Out of the total consumption of the oil and petroleum, how much is consumed by the transport sector ? About

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Question 8

Specially Developed Economic Zones (SEZs) in India where some of the economic laws and restrictions of the land are relaxed with the purpose of giving incentives to investors are commonly known as

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Question 9

Stock market indexes traditionally served as a benchmark to measure the performance of which of the following types of. portfolios of the investors/promoters ?

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Question 10

Which of the following is the name of the organisation, created to provide full employment and self - reliance to the women folk in India ?

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Question 11

Many a times we come across a term 'DDT' in the financial/ economic transactions. What is the full form of the same ?

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Question 12

Economic distress of small farmers is a cause of great concern in almost all sectors in the country. Which of the following, as stated in the economic survey presented recently has been single most important cause of economic distress of small farmers over the years ?

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Question 13

Which of the following is considered an Annual Indicator of the Economy of the country ?
(A) Actual Rainfall
(B) Population
(C) Whole sale price index

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Question 14

Many a times we read in the newspapers a term 'HOT MONEY'. Which of the following is the correct de nition of HOT MONEY ?
(A) This is the fund which is dumped into a country to get the advantage of a favourable interest rate and hence brings higher returns.
(B) This is the fund which is provided by a bank in US$ at very short notice and at a very high rate of interest and for a longer period of repayment.
(C) This is the fund which is pushed into market through Hawala or some other such illegal methods and sometimes referred also as Black Money.

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Question 15

As per the reports in the leading newspapers Securities and Exchange Board of India (SEBI) has asked the Mutual Fund industry to stop "Misselling" their schemes to investors. What is "Misselling" of products ?
(A) Misselling takes place when mutual funds are sold without telling the likely returns.
(B) When agents sell the products without telling investors what are the risks involved in investing in mutual funds.
(C) When agents invest somebody's money in mutual funds without their knowledge, it is called misselling.

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Question 16

The Sensitive Index of the Bombay Stock exchange keeps on changing positively and negatively both. Which of the following is/are the main reasons which contribute for his sudden change in the same ?
(A) Higher GDP Growth
(B) Continuous Foreign Funds Flow
(C) High Volume of Forex reserves
(D) Recession in USA

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Question 17

Which of the following is the correct denition of the term commercial papers ?
(A) It is nothing but the popular name of the Judicial stamp papers used to register nancial transactions.
(B) It is one of the instruments through which Corporates raise debt from the market.
(C) It is the name of the "Certi cate of Deposits" provided by the Banks to its retail customers.

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Question 18

Which among the following currency has been allowed as an intermediary with American dollar in India ?

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Question 19

The bond in which future dates are fixed for sell & purchase are known as —

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Question 20

Who amongst the following, while addressing the conference of Bank Economists, called for a
paradigm shift in banking from 'demand following' system to a 'supply-leading role'?

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Question 21

Who among the following doesn't have nomination facility?

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Question 22

Which of the following is an Intangible Asset?

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Question 23

Which of the following decides cost of production?

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Question 24

What are the effects of rupee depreciation?

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Question 25

The process of curing in ation by reducing money supply is called

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Question 26

The Minister for Heavy Industries and Public Enterprises in the revamped Union Council of Ministers is………………

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Question 27

The theme of the 102nd edition of the Indian Science Congress 2015 recently held in Mumbai was

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Question 28

The ‘Vibrant Gujarat’ summit 2015 was recently held in……………

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Question 29

In the absence of comprehensive database of tea gardens and socio-economic condition of workers UNICEF has decided to prepare a Tea Atlas’ in the Indian State of………………….

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Question 30

Which of the following is a tool for temporary cash management used by the Central/State governments to tide over temporary mismatches ?

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Question 31

The chief regulator of the ‘commodity futures’ market in India is…………………….

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Question 32

The United Nations Children Funds (UNICEF) is a united nations program that provides humanitarian and development assistance to children and mothers in developing countries. Its headquarters in…………….

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Question 33

`Raksha Biu’ is the recently launched vaccine aimed at minimizing the economic loss of the animal farming community from the strains of the……………

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Question 34

As per 2011 Census the child sex ratio in the (0-6) group stood at

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Question 35

India’s Indigenously developed nuclear capable sub-sonic cruise missile `Nirbhay’ can strike targets more than

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Question 36

As per 2011 census the proportion of economically active population is the 15-50 in the total population was ………………..

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Question 37

Shri Manohar Gopalkrishna Prabhu Parikaris the Union Cabinet Minister for

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Question 38

With a view to encourage entrepreneurship among the schedule castes, ‘a venture fund for the SCs’ has recently been launched by ___

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Question 39

The Cabinet Ministers for Urban Development, Housing and Urban Poverty Allevation and Parliamentary affairs in the Union Council of Ministers is…….

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Question 40

Haryana has the worst Male-female ratio among all states. As per 2011 census, the number of females per 1000 males in Haryana in 2011 stood at……………

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Question 41

In the Union Budget 2014-14, Finance Minister Arun Jaitley announced the proposal to start a new television channel exclusively dedicated to farmers. What is the name of the channel?

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Question 42

Who among the following is the current Union Minister for Tribal Affairs?

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Question 43

Which of the following can issue commercial paper for raising short term funds?

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Question 44

Section 80E of the Income Tax Act provides for deduction of interest paid on Education or Study loan taken for higher education. Deduction under Section 80E is available for

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Question 45

In the recent rail fare hike effected by the Union Government, what was the amount of hike in percentage terms?

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Question 46

Inflation refers to a fall in the value of money. Which of the following is the key measure of inflation in India?

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Question 47

Which of the following terms is most commonly used to express a general trend of rise in a broad price index?

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Question 48

Which of the following types of economy is an example of sustainable economy?

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Question 49

A financial contract that derives its value from another asset or an index of asset values is known as

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Question 50

Poverty line is expressed in terms of an overall —

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