NTSE SAT Economics Papers 02

NTSE SAT Economics Papers 02

This is NTSE SAT Economics Papers 02 .. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
When was the “National Rural Employment Guarantee Act” passed?
  • A
    2003
  • B
    2001
  • C
    2007
  • D
    2005
    Correct
2
What is GDP?
  • A
    Gross Domestic Power
  • B
    Gross Development Production
  • C
    Gross Domestic Production
    Correct
  • D
    Gross Daily Production
3
When is the National Consumer Day celebrated in India?
  • A
    September, 16
  • B
    December, 24
    Correct
  • C
    May, 25
  • D
    March, 8
4
According to Census-2011 the literacy rate of Rajasthan?
  • A
    48.34 percent
  • B
    67.06 percent
    Correct
  • C
    74.04 percent
  • D
    54.90 percent
5
In which year did the Economic Liberalisation start in India?
  • A
    1991
    Correct
  • B
    1999
  • C
    2004
  • D
    1996
6
Working capital is
  • A
    Computer
  • B
    Generator
  • C
    Building
  • D
    Raw material
    Correct
7
Example of barter exchange is
  • A
    Purchasing wheat with money
  • B
    Purchasing milk with money
  • C
    Purchasing fruits with money
  • D
    Purchasing sugar with wheat
    Correct
8
Consumer Protection Act was enacted in India in
  • A
    1984
  • B
    1988
  • C
    1986
    Correct
  • D
    1982
9
Suitable measure to compare economic development of two countries is
  • A
    Individual income
  • B
    Per capita income
  • C
    Gross National Product
  • D
    Gross Domestic Product
    Correct
10
Private sector’s major objective is to
  • A
    Provide benefits to public
  • B
    Serve the people
  • C
    Provide benefits to government
  • D
    Earn profits
    Correct
11
Creation of utility for exchange is called ________________
  • A
    Consumption
  • B
    Savings
  • C
    Production
    Correct
  • D
    Investment
12
In which of the following situation total demand for a necessary commodity will rise?
  • A
    Rise in production
  • B
    Rise in the rate of interest
  • C
    Rise in price level
  • D
    Rise in population size
    Correct
13
Inflation indicates a situation of
  • A
    Continuous fall in prices
  • B
    Very low prices
  • C
    Very high prices
  • D
    Continuous rise in prices
    Correct
14
An economy is said to be on the path of growth when
  • A
    Total production increases
  • B
    Total population increases
  • C
    Inequality in the distribution of income falls
  • D
    Per capita income increases
    Correct
15
Which organization in India is called the “Lender of the last resort” for the commercial banks?
  • A
    RBI
    Correct
  • B
    IDBI
  • C
    NABARD
  • D
    ICICI