Tuesday, 16 February 2016

Quiz # 6 - Economics based quiz

Quiz # 6
             
Que 1: What usually happens to inflation when ‘reverse repo rate’ is increased by RBI?
          A. It increases                                                B. It decreases
          C. Initially increase then decrease            D. No effect

Que 2: ‘Big Mac Index’ was devised by ‘The Economist’ as an informal way of measuring PPP between two currency. What was used to compare currency values in this index?
          A. Price of Apple Laptop in different countries
          B. Per capita income/expenditure ratio of different countries
          C. Wages paid to the worker of ‘Pizza Hut’ food chain in different countries                      D. Price of a McDonald’s hamburger in different countries

Que 3: Which statement best describes a layman’s description of GNP?
          A. Total value of products & Services produced by all (nationals and foreigners) within the territorial boundary of a country
          B. Total income from national and foreign sources less income paid to foreign citizens and entities
          C. Total value of Goods and Services produced by only nationals of a country within the territorial boundary of a country
          D. Total value of Goods and Services produced by all (nationals and foreigners) within or outside the territorial boundary of a country

Que 4: What was the underlying reason of crash in the economy of Greece?
A. Change in lending policy of Eurozone countries, reducing cap of maximum amount that can be loaned to any country
B. Very high debt, rising inflation and poor revenue generation
C. Series of scams leading to a crash in Greece’s stock market
D. High movement of foreign investors from Greece to Asian countries like India and China

Que 5: The Patent litigation on Sun Pharma filed by Acorda Therapeutics, which recently got settled, was over what issue?
          A. Filing of patent by Sun Pharma for a new drug to which Acorda claimed similarity to its existing drug ‘Qutenza’
          B. Marketing of  a generic version of brand ‘Ampyra’ – a drug used for treating multiple sclerosis – for which Acorda holds the patent
          C. Acorda complained that Sun Pharma’s product ‘Decitabine’ packaging is similar to Acorda’s ‘Zanaflex’ for which it holds copyright
          D. Sun Pharma’s marketing team attempt to defame Acorda’s product


Que 6: As per New draft bill related to Assisted Reproductive Technology regulation in India, who can avail surrogacy in India
          A. Only Indian couple (whether married or not)  
          B. Only couple who has been proven medically unfit for natural reproduction
          C. Only Indian married couple or a foreigner married to Indian citizen
          D. No one can avail surrogacy

Que 7: Shivinder Mohan Singh, one of the two founders of Fortis Healthcare, gave up his executive role from the hospital chain. For what?
          A. Tiff with the other board members over a business strategy          
          B. To pursue his desire to venture into education sector of India
          C. To join the ‘Radha Soami Satsang Beas ’ a spiritual movement that has a large following in northern India
          D. Because of his ailing health

Que 8: 'The World's Largest Lesson'  is an initiative launched by the Global Goals campaign and UNICEF, for which Hrithik Roshan has been announced as ambassador for India. The initiative aims for what?
          A. Teach children in over 100 countries about the new Sustainable Development Goals and about the role they can play in achieving it
          B. Engaging all elementary school teachers with a head office for their continuous improvement in their academic capabilities
          C. Funding of 10 million children from third world countries from their elementary schools till college education
          D. Opening new schools, based upon a new curriculum based upon global goals, sustainability and humanity

Que 9: Which company has bought an office space in Godrej Bandra-Kurla Complex (BKC), Mumbai for Rs 1,479 crore, which is being termed as India's biggest property deal?
          A. Star health Ltd.                       B. Dr. Reddy’s Laboratories
          C. Lupin Ltd.                               D. Abbott India Ltd. 
         



Answers: 1-b,    2-d,    3-b,    4-b,    5-b,    6-c,    7-c,    8-b,    9-d

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