RRB NTPC SAMPLE PAPER - GENERAL AWARENESS - 107

1. Who said ‘Supply creates its own demand’?

(a) Adam Smith
(b) J.B.Saw
(c) Marshall
(d) Ricardo

2. The Indian economy can be most appropriately described as a:

(a) Capitalist economy
(b) Socialist economy
(c) Traditional economy
(d) Mixed economy

3. Agricultural Technology is hard to spread because

(a) it has to be adopted to local ‘ conditions.
(b) rural people are not receptive
(c) farmers are afraid to experiment on land for fear of failure.
(d) all of the above.

4. Indirect tax means

(a) there is not direct relationship between the tax payer and the government.
(b) direct relationship between tax payer and the government.
(c) tax base is income
(d) the incidence and impact are on the same person on whom tax is imposed.

5. One of the essential conditions of perfect competition is

(a) product differentiation
(b) multiplicity of prices for identical products at any one time.
(c) many sellers and a few buyers.
(d) Only one price for identical goods at any one time.

Railway Recruitment Board (RRB) NTPC Exams Study Kit

Answer:

1. (b) 2. (d) 3. (d) 4. (a) 5. (d)