The business in Stock Markets and other securities markets is regulated
(a) Securities and Exchange Board of India
(b) Sole Trade and Exchange Bank of India
(c) State and Exchange Bank of India
(d) Stock and Exchange Bank of India
Solution: (a)
As per the Securities and Exchange Board Of India (SEBI) Act, 1992, SEBI is responsible for protecting the interests of investors in securities and to pro mote the development of, and to regulate the securities market. It is the duty of SEBI to regulate the business in stock exchanges and any other securities markets.
The difference in the value of visible exports and visible imports is called:
(a) Balance Sheet of items
(b) Balance of Payments
(c) Balance of Trade
(d) Balance of Account
Solution: (c)
Balance of Trade refers to the difference between the value of a country’s visible imports and visible exports. Also known as the visible balance, it forms part of the balance of payments current account. When the value of visible imports totals more than the value of visible exports, it is known as an adverse balance of trade.
Which is the parameter for economic development?
(a) Per capita monetary income
(b) National income
(c) Per capita rural income
(d) Population
Solution: (a)
A majority of economists such as Simon Kuznets, Meier and Baldwin, Hicks D. Samuelson, Pigeon and others consider national income as the most suitable index of economic development. However, the UNO experts in their report on ‘Measures of Economic Development of Under-Developed Countries’ have Per Capita Real Income as the best measurement of economic development. They contend that economic growth is meaningless if it does not improve the standard of living of the common masses. They define economic development as a process by which the real per capita income increases over a long period of time.
Sectoral distribution of GDP index measures_________
(a) Agriculture development of a country
(b) Economic development of a country
(c) Social development of a country
(d) Socio-Economic development of a Country
Solution: (b)
The sectoral distribution of GDP index measures the development of a country across several economic activities. It the market value of all final goods and services produced in a period (quarterly or yearly). It is one of the primary indicators used to gauge the health of a country’s economy.
Supply-side economics lays greater emphasis on
(a) Producer
(b) Global economy
(c) Consumer
(d) Middle Man
Solution: (a)
Supply-side economics emphasizes economic growth achieved by tax and fiscal policy that creates incentives to produce goods and services. It lays great emphasis on entrepreneurs, investors and producers who are treated the prime movers on which the economy depends. Supply-side economics is better known to some as “Reaganomics,” or the “trickle-down” policy.
