List of top Social Work Questions on Economics

Match List - I with List - II. List - I (Key term):
A. Appreciation
B. Devaluation
C. Depreciation
D. Revaluation
List - II (Explanation):
I. This occurs when a currency increases in value relative to other currencies under a floating exchange rate system.
II. This occurs when the value of a currency in a fixed exchange rate is officially and deliberately reduced.
III. This occurs when a currency falls in value relative to other currencies under a floating exchange rate system.
IV. This occurs when the price of a currency operating in a fixed exchange rate system is officially and deliberately increased. Choose the correct answer from the options given below:

A practice whereby a particular part of the production process or component of a service industry is contracted out to be performed by a third party is called

The level of fertility at which the existing generation produces just enough children to replace itself, so that the next generation is of the same size (total population) as the current one is called

Identify the correct characteristics related to major economic system. A. In communism, there is private ownership of the means of production.
B. In capitalism, accumulation of profits is the main incentive.
C. In socialism, collective ownership of the means of production exists.
D. In countries like Canada and Mexico there is communal ownership of all the property. Choose the correct answer from the options given below:

Identify the correct statements on advantages of economic growth in a country A. It can lead to resource depletion and land erosion
B. It improves standard of living of its general population
C. It increases employment opportunities and lowers unemployment
D. It brings in inequalities in income and wealth Choose the correct answer from the options given below:

It is necessary that every economy should undertake following activities A. Production
B. Consumption
C. Investment or capital formation
D. Providing government jobs to all the citizens Choose the correct answer from the options given below:

The state of population in which the numbers of births plus immigrants equals the number of deaths plus emigrants is known as

Identify the characteristic features of mixed economy among the following:
A. It is a combination of resources owned and controlled by the private as well as public sector.
B. There is no or minimal government intervention in economic activities.
C. The degree of public and private sector involvement is determined by the government.
D. It relies on the government only to allocate resources. Choose the correct answer from the options given below:

Match List I with List - II.
List - I (Author):
A. P. Sainath
B. Amartya Sen
C. J. Bhagwati
D. Vijay Joshi & I.M.D Little List - II (Book):
I. Everybody Loves a Good Drought
II. Poverty & Famines:
An Essay on Entitlement and Deprivation
III. India in Transition:
Freeing the Economy
IV. India's Economic Reforms 1991--2001 Choose the correct answer from the options given below:

Match List - I with List - II. List - I (Concept):
A. Monarchy
B. Monopoly
C. Offshoring
D. Oligarchy
List - II (Explanation):
I. A form of government headed by a single member of a royal family, some hereditary rulers
II. The transfer of work to foreign contracts
III. Control of a market by a single business firm
IV. A form of government in which a few individuals rule Choose the correct answer from the options given below: