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Mock Test

Exam: AFCAT Subject: General Awareness Topic: Economics
Total Questions: 20
  1. Q1. Which sector is responsible for the development of infrastructure?
  2. Q2. What is the term used to describe the total revenue received from selling a given quantity of a good?
  3. Q3. What has globalization facilitated in terms of knowledge sharing?
  4. Q4. Which is the currency printing press of RBI located in India?
  5. Q5. Which market is known for its high liquidity and trading volume?
  6. Q6. What is the main objective of infrastructure development?
  7. Q7. Which concept in Marxian Economics refers to the excess value produced by labor beyond what is paid in wages?
  8. Q8. What is the primary focus of neoclassical economics?
  9. Q9. What is the term used to describe the condition where there is excess supply in the market?
  10. Q10. Which concept in Marxian Economics refers to the excess value produced by workers that is appropriated by capitalists?
  11. Q11. Globalization has promoted the exchange of...
  12. Q12. Which is the central bank of India?
  13. Q13. What is the term used in Marxian Economics to describe the process of capitalists profiting from the labor of workers?
  14. Q14. Which factor has been impacted by globalization in the economic realm?
  15. Q15. Which of the following is a measure of the responsiveness of quantity supplied to a change in price?
  16. Q16. What is the study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these processes have on the consumer and society?
  17. Q17. Which account in the balance of payments includes official reserve transactions?
  18. Q18. Which type of aid is provided to developing countries without the expectation of repayment?
  19. Q19. Which of the following is an example of economic infrastructure?
  20. Q20. Which of the following is a measure of the responsiveness of quantity demanded to a change in the price of a related good?

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