Tag: social science

Quizzes (684) Questions (1162)

Questions Related to social science

Multiple choice social science rural development in india credit and banking in rural areas rural activities credit

Match the items of List-I with the items of List-II and select the correct answer using the codes given below the lists.

List-I List-II
(a) Rural Industries Programme (i) Meant for various target groups like Rural youth, Ex-serviceman, women and Scheduled Castes/ Tribes
(b) Mahila Vikas Nidhi Scheme (ii) Aim at ensuring flow of credit to the dis-advantaged sections of the society
(c) Enterpreneur-ship Development Programme (iii) Commercial exploitation of local resources
(d) Micro Credit Scheme (iv) Provides assistance to voluntary organizations for the benefit of women
  1. $(a) - (i), (b) - (iii), (c) - (ii), (d) - (iv)$
  2. $(a) - (ii), (b) - (iv), (c) - (i), (d) - (iii)$
  3. $(a) - (iv), (b) - (ii), (c) - (iii), (d) - (i)$
  4. $(a) - (iii), (b) - (iv), (c) - (i), (d) - (ii)$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Matching the schemes to their objectives: Rural Industries Programme (iii) focuses on local resources; Mahila Vikas Nidhi (iv) supports women through voluntary organizations; Entrepreneurship Development (i) targets specific groups like youth and women; Micro Credit (ii) ensures credit flow to disadvantaged sections.

Multiple choice social science rural development in india credit and banking in rural areas rural activities credit

NABARD was established on the recommendation of ___________.

  1. Public Account Committee

  2. Shivaraman Committee

  3. Narshimhan Committee

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

NABARD is an apex development financial institution in India,headquarters in Mumbai.

It was established on the recommendations of B Sivaraman Committee on July 12, 1982, to implement the National Bank for Agriculture and Rural Development Act 1981.

Multiple choice social science prices and cost of living value and price utility, value and price price rise/inflation

_______ refers to the importance of a commodity due to its usefulness whereas _______ refers to the capacity of a commodity to command or obtain other goods in exchange.

  1. Value in use, value in exchange

  2. Value in exchange, value in use

  3. Price, value in exchange

  4. Price, value
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Power of commodity which can command to exchange itself with the other good is called the Value of product. It refers to the importance of a commodity due to its usefulness. Usually a product is valued by the money. Capacity of a commodity to command or obtain other goods in exchange is called value of exchange.

Multiple choice social science prices and cost of living value and price utility, value and price price rise/inflation

___________ refers to the amount of money which must be exchanged for a unit of a commodity.

  1. Value

  2. Utility

  3. Price

  4. Goods
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Power of commodity which can command to exchange itself with the other good is called the Value of product. Usually a product is valued by the money. And this money with which a product is valued is called its price.

Multiple choice social science prices and cost of living value and price utility, value and price price rise/inflation

Which of the following can be used as collateral in Indian banks to borrow money?

  1. Bank passbook

  2. Credit card

  3. Own House

  4. Passport
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Collateral is an asset that a borrower offers to a lender to secure a loan. An own house is a tangible, high-value asset that banks accept as security, whereas documents like passports or passbooks have no intrinsic financial value as collateral.

Multiple choice social science prices and cost of living value and price utility, value and price price rise/inflation

Demand price is identical with __________.

  1. AR

  2. MR

  3. TR

  4. MC
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Average revenue refers to the revenue per unit of output sold. It is obtained by dividing the total revenue by the number of units. AR is equal to per unit sale receipts and price is always per unit. Since sellers receive revenue according to the price, price and AR are one and the same thing.

TR= Quantity * Price

AR= TR/ Quantity

AR= (Quantity * price)/ quantity

AR= Price

Multiple choice social science prices and cost of living value and price utility, value and price price rise/inflation

When price discrimination extends to two or more countries it is called __________.

  1. dumping

  2. differentiation

  3. dual pricing

  4. price preference
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Dumping is, in general, a situation of international price discrimination where the price of a product which is sold to the importing country is less than the price of the same product when sold in the market of the exporting country. It is generally perceived that dumping would result in unfair trade.

Multiple choice social science prices and cost of living value and price utility, value and price price rise/inflation

Long run determinant of price, is equal to ______.

  1. marginal utility

  2. market forces

  3. cost of production

  4. brand value
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

It is believed in long run production function,total revenue is equal to total cost . There is no extra normal profit or abnormal loss.Thus , in long run price of the product is equal to the cost of production.