General awareness Practice Test 53 for IBPS PO EXAM

1. Gross National product (GNP) is
A. The total output of goods and services produced by the country’s economy
B. Total domestic and foreign out put claimed by residents of the country
C. Sum of gross domestic product and investment
D. National income minus national expenditure
E. None of these

2. Indian currency was devalued ,last time ,in
A. 1955
B. 1956
C. 1991
D. 1967
E. None

3. Tarapore committee, was associated with which one of the following ?
A. Special Economical Zone
B. Fuller capital account convertibility
C. Foreign Exchange Reserves
D. Effect of oil –prices on the Indian Economy
E. None these

4. National Income is the
A. Net National product at market price
B. Net domestic product at market price
C. Net domestic product at factor cost
D. Net national product at marginal cost
E. None of these

5. The most appropriate measure of a country’s Economic growth is its
A. GDP
B. NDP
C. NNP
D. Per capital Real income
E. None

6. Which one of the following country is the largest source of FDI in India ?
A. USA
B. UK
C. Russia
D. Mauritius
E. None of these

7. Which of the following agreements of WTO mandates the member countries to provide national treatment of foreign investment ?
A. TRIPs
B. TRIMs
C. NAMA
D. ATTC
E. None of these

8. The largest item of expenditure of the Union Government is
A. Defence expenditure
B. Expenditure on social services
C. Subsidies
D. Interest payments
E. None of the above

9. Which one of the following is an additional tax which is imposed to promote a specific purpose ?
A. Surcharge
B. Cess
C. Special assessment
D. Presumptive
E. None of these

10. Inflation is caused by
A. Increase in money supply
B. Increase in production
C. Decrease in production
D. Both ‘a’and ‘b’
E. None of these