(IGP) CSAT Paper - I : Economy - MCQ - 1

1. A rise in ‘SENSEX’ means
(a) a rise in prices of shares of all companies registered with Bombay Stock Exchange
(b) a rise in price of shares of all companies registered with National Stock Exchange
(c) an overall rise in prices of shares of group of companies registered with Bombay Stock Exchange
(d) a rise in prices of shares of all companies belonging to a group of companies registered with Bombay Stock Exchange

2. A zero rate of inflation obtains necessarily in a year where the annual rate of inflation
(a) in every week of the year is zero
(b) is failing in every week of the year
(c) is both falling and rising in a year
(d) is constant in every week of the year

3.With reference to the Wholesale Price Index (WPI) consider the following statements:
1. the new WPI series with base 1993 to 1994 = 100 became effective from April 1998.
2. in the new WPI series, the weight for primary articles has gone down by 10 per cent points
3. the weight for electricity has increased in the new WPI series
Which of these statements are correct?
(a) 1, 2, and 3
(b) 2 and 3
(c) 1 and 3
(d) I and 2

4. Agricultural income tax is assigned to the State Government by
(a) the Finance Commission
(b) the National Development Council
(c) the Inter-state Council
(d) the Constitution of India

5. Arrange the following states in descending order with respect to urban population.
Choose your answer from the following codes.
A. Tamil Nadu
B. Uttar Pradesh
C. Maharashtra
D. West Bengal
(a) A, B, C, D
(b) B, A, C, D
(c) C, B, A, D
(d) C, A, B, D

Answers