Know Your World - 56


1. A metropolitan city is one which has a population size of more than?

10 lakh

2. Who has regarded the concept of “ideal output” as an indicator of economic welfare?

Pigou

3. The technique of presenting data by pictogram was developed by?

Otto Neurth

4. The shape of average selling cost curve is?

U-shaped

5. The National Institute of Training for Standardization (NITS) is located at?

Nagpur

6. NABARD is a?

Refinance Bank

7. The concept of „costing margin‟ in the pricing theory was introduced by?

Baumol

8. The Keynesian theory of employment provides the solution of?

Cyclical unemployment

9. Mathematics was first used economic theory by?

Weiser

10. India’s foreign exchange rate system is?

Managed float

11. The terms „NEER‟ and „REER‟ are related with?

Foreign exchange rate

12. For the calculation of percentile, the data should be arranged in?

Ascending order

13. The shape of a frequency curve cannot be?

S-shaped

14. India’s first port-based Special Economic Zone named International Container Transshipment Terminal (ICTI) is being set-up at?

Kochi

15. A new housing price index RESIDEX has been launched by?

Central Statistical Organization

16. Which one of the following is not a feature of current Indian Planning?

Functional Planning

17. The concept of disinvestment was introduced by?

Keynes

18. Which of the following is average of second order?

Standard deviation

19. Which average is most affected by the extreme observations?

Arithmetic mean

20. The number of women entrepreneurs in small scale industrial region is highest in the state of?

Tamil Nadu

21. The nature of classical unemployment is?

Open

22. The New Exploration License Policy (NELP) of the Government of India is related with?

Oil and Gas

23. Full employment is a situation when?

Cyclical unemployment is zero

24. Which Indian Company has been included for the first time in U.S. A‟s index NASDAQ-100?

Infosys

25. The natural rate of unemployed is the sum of?

Frictional unemployment and Structural unemployment

26. The most liquid asset among the following is?

Cash

27. The „Swiss Formula‟ of World Trade Organisation is related with?

Non-agricultural tariff

28. The Securities and Exchange Board of India has recently made the rating of Initial Public offerings mandatory. The total number of such grades is ___

Five

29. In any set of numbers, the geometric mean exists only when all numbers are?

Positive

30. Disguised underemployment refers to the situation when:

people seems occupied on a full time basis even though the services they render require less than full time