Top 18 XAT Economics Questions

Question 1

According to the venture capital industry, what is a unicorn?

A

Any start-up that gives a dividend of $1 billion to its shareholders

B

Any start-up that makes its owner a billionaire

C

Any start-up that raises $1 billion in venture capital

D

Any start-up that reaches the valuation of $1 billion

E

Any start-up that reaches to employ 1000 people

Question 2

What is a grey market?

A

The trade of a commodity which is recognized as a counterfeit product

B

The trade of a commodity which is unbranded

C

The trade of a commodity for which the country of origin is not mentioned

D

The trade of a commodity for which the taxes are evaded

E

The trade of a commodity through distribution channels not authorized by themanufacturer

Question 1

Which of the following is not a Cryptocurrency?

A

Bitcoin

B

Laxmicoin

C

Etherium

D

Paypal

E

Litecoin

Question 2

What is Showrooming?

A

An individual browses the sites of e-retailers for products and then ends up purchasing the product from some brick and mortar store.

B

An individual visiting a brick and mortar store to have a look and feel of the product and then ordering the same product through some e-retailers.

C

An individual visiting a big box retailer to have a look and feel of the product and then purchasing the same product from nearby kirana (Mom and Pop) store.

D

An e-retailer using the kirana (Mom and Pop) stores to keep its stock of goods and meets the orders in the nearby localities.

E

None of the above

Question 3

If a company encourages its employees to use its own products to understand customers’ perception, then the company is engaging in:

A

Dogfooding

B

Lionhunting

C

Moonlighting

D

Spacetraveling

E

Bikeriding

Question 1

In the budget Estimates of 2015-2016:

A

Non-planned expenditure was more than revenue receipts

B

Revenue receipts were higher than non-planned expenditure

C

Planned expenditure was higher than Non-planned Expenditure

D

Fiscal Deficit was lower than Revenue deficit

E

Total expenditure was 20% higher than total Receipts

Question 1

Which of the following statements is correct about Union Budget 2014?

A

Current Account Deficit was around 5% of GDP.

B

Current Account Deficit was around 6.2% of GDP.

C

Current Account Deficit was around 3.5% of GDP.

D

Current Account Deficit was around 1.7% of GDP.

E

Current Account Deficit was around 0.5% of GDP.

Question 2

What is “Qualified Institutional Placement”?

A

An agency that helps in providing jobs to students

B

It is business school method of providing jobs

C

It is a way of starting business in the U.S

D

It is a way of raising money in India

E

None of the above

Question 3

Consider the following statements related to Brazil:
i. Brazil’s GDP is higher than Italy’s GDP.
ii. Dilma Rouseff was elected as President of Brazil.
iii. Maracana stadium hosted world cup football final.
iv. Of all of Brazil’s neighbours, Argentina has the longest border.
v. Real is the currency of Brazil.

Which of the following options does not contain false statement (s) related to Brazil?

A

i, ii, iii, iv

B

i, ii, iv, v

C

i, iii, iv, v

D

i, ii, iii, v

E

ii, iii, iv, v

Question 4

Which of the following statements is right?

A

Number of organised labour is more than number of unorganized labour in India.

B

Number of unorganised labour is more than number of organized labour in India.

C

Organised labour in India is difficult to count.

D

Organized and Unorganised labour in India is approximately equal.

E

There is no unorganized labour in India.

Question 5

As per 2011 census, which is the second most urbanized State in India (in percentage terms)?

A

Kerala

B

Mizoram

C

Gujarat

D

Tamil Nadu

E

Punjab

Question 1

The factor that least influences exchange rate fluctuations:

A

Industrial Production

B

Investor sentiments

C

Interest Rates

D

Consumer Price Index

E

Goods and Service Tax

Question 2

As per the Constitution, which among the following is not a fundamental right granted to the citizens of India ?

A

Right to Equality

B

Right to Freedom

C

Right Against Exploitation

D

Right to Property

E

Right to Freedom of Religion

Question 1

Indian Government is planning to introduce GAAR. What is the purpose of GAAR?

A

Increase rural Income

B

Increase agriculture income

C

Regulatory authority for managingagriculture resources

D

Regulate foreign investment in agriculture

E

Curtail tax avoidance

Question 2

Read the following
I.Excise duty is a tax on manufacture or production of goods and services
II.Not all kinds of excise duty is collected by the Central Government of India
III.Excise duty is an indirect tax
Which of the statements given above are correct?

A

Statements I and II

B

Statements II and III

C

Statements I and III

D

All of the above

E

None of the above

Question 3

CPI and WPI as acronyms refer to

A

Political Parties

B

Purchasing capacity indices

C

Price Indices

D

Poverty indices

E

Unemployment indices

Question 4

Which of the following are millennium development goals?

A

Poverty eradication, reducing child mortality, reducing trade barriers, combating AIDS

B

Poverty Reduction, environment sustainability, universal primary education, equal employment

C

Reduce unemployment, promote diversity,combating malaria, improving maternal health

D

Globalization, reduction in poverty, combating AIDS, universal primary education

E

Poverty eradication, improving maternal health, universal primary education, combating AIDS

Question 5

Which of the following was not the reason for the recent slide of Indian Rupee?

A

Huge trade Deficit

B

Low Growth and High Inflation

C

Low Capital Inflow

D

Burgeoning current account deficit

E

High employment rate

XAT Economics Questions

XAT Economics Questions

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