Current Affairs MCQ for UPSC Exams – 14 September 2015

:: Business ::

1. Consider the following statements about service price Index :

1. The need for this index is warranted by the decline in primary sector of the economy in India.
2. Technical assistance is being received by the world bank.

correct statements is / are -

a. 1 only
b. 2 only
c. both
d. none

2. consider the following statement about economy boom:

1. Boom is usually followed by price-rise.
2. there is market forces mismatch is .demand and supply disequilibrium.
3. Boom is a phase when measures taken by government and private sector might put the economic activities as such which the economic system fails to digest.

Correct statements are :

a. 1,2
b. 2, 3
c. 1,2,3
d. 1,3

3. The symptoms of overheating of economy is :

1. downturn in aggregate demand
2. the level of production in the economy also falls
3. No new employment opportunitie
4. labour cut is not forced but voluntary here.