Current Affairs MCQ for UPSC Exams – 28 August 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.

Which of the above statements is/are true

1 .only 1
2. only 2
3. both
4. none

2. From the following situations recognized the stage of economy :

1. an extremely know aggregate demand in the economy causes activities to decelerat
2. the inflation being comparatively lower.
3. unemployment rate grows fast.
4. forced labour cuts or retrenchment.

1. Depression
2. recovery
3. Boom
4. Recession

3.The business cycle of recovery may show the following major economy traits :

1. An upturn in aggregate demand
2. Production process expands and new investment become attracti
3. Employment generation
4. Government go for tax-breaks interest cuts an increase in salaries of its employees.

Which of the above statements is/are true

1 .only 1& 2
2. only 2& 4
3. all
4. 2,3 & 4

4. 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.