NTSE SAT Economics Papers 03

NTSE SAT Economics Papers 03

This is NTSE SAT Economics Papers 03 .. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
National Development Council (NDC) was set up in the year:
  • A
    1956
  • B
    1991
  • C
    2001
  • D
    1952
    Correct
2
The currency of England is:
  • A
    Rubal
  • B
    Dollar
  • C
    Pound
    Correct
  • D
    Dinar
3
Mahatma Gandhi National Rural Employment Guarantee Scheme was started by:
  • A
    Government of Kerala
  • B
    Government of Bihar
  • C
    Government of Maharashtra
  • D
    Government of India
    Correct
4
Globalization policy was initiated by the Government of India in the year:
  • A
    1977
  • B
    1991
    Correct
  • C
    1947
  • D
    2001
5
Government of India enacted Consumer Protection Act in the year:
  • A
    1951
  • B
    1981
  • C
    1986
    Correct
  • D
    1991
6
The most important determinant of demand is _______________
  • A
    Price
    Correct
  • B
    Climate
  • C
    Supply
  • D
    Expectation of future price rise
7
Air conditioner, Diamond jewels are examples of _______________ goods.
  • A
    Very low priced
  • B
    Luxury
    Correct
  • C
    Necessary
  • D
    Comfort
8
If the price is greater than the equilibrium price, supply is _______________ the demand.
  • A
    Less than
  • B
    Equal to
  • C
    Greater or equal to
  • D
    More than
    Correct
9
Generally in India, _____________ methods are used to arrive at the National income.
  • A
    Product and income
    Correct
  • B
    Product, income and expenditure
  • C
    Income and expenditure
  • D
    Product and expenditure
10
_____________ comes under secondary sector.
  • A
    Transport
  • B
    Insurance
  • C
    Agriculture
  • D
    Electricity
    Correct
11
In 1946, the features of Indian foreign policy was explained by
  • A
    Dr. B.R. Ambedkar
  • B
    Indira Gandhi
  • C
    Lal Bahaddur Shasthri
  • D
    Pandit Jawaharlal Nehru
    Correct
12
The country helped India financially for economic development through five year plans
  • A
    Canada
  • B
    USA
    Correct
  • C
    Russia
  • D
    China
13
The type of Account preferably opened by Businessmen in a Bank is
  • A
    Current Account
    Correct
  • B
    Term Deposit Account
  • C
    Saving Bank Account
  • D
    Recurring Deposit Account
14
All the Banking transactions in India is not controlled by
  • A
    Reserve Bank of India
  • B
    Mother
  • C
    Bankers Bank
  • D
    Indian Bank
    Correct
15
The founder and Chairman of ‘Jet Airways' is
  • A
    Kiran Mazumdar Shah
  • B
    Dr. Prathap Reddy
  • C
    Naresh Goyal
    Correct
  • D
    Azim Premji