Prelims Test State Batch Evening 21 Oct 2026

1 / 10

Q1.Green GDP adjusts conventional GDP mainly for:

Income inequality

Depletion of natural resources and environmental damage

Inflation

Unpaid household work

2 / 10

Q2. The concept of Gross National Happiness (GNH) was first put forward by:

Nepal

Bhutan

Sri Lanka

Maldives

3 / 10

Q3. Which is the correct order in the evolution of money?

Commodity money → Metallic money → Paper money → Bank money → Digital money

Metallic money → Commodity money → Paper money → Digital money → Bank money

Paper money → Metallic money → Commodity money → Bank money → Digital money

Commodity money → Paper money → Metallic money → Digital money → Bank money

4 / 10

Q4. The main difficulty of the barter system is:

Excess supply of money

Lack of double coincidence of wants

High rate of interest

Inflation

5 / 10

Q5. If a country’s net factor income from abroad (NFIA) is negative, then:

GNP is greater than GDP

GNP is less than GDP

GNP is equal to GDP

GNP is equal to NNP

6 / 10

Q6. India’s Expert Group on Green National Accounts (2011) was chaired by:

C. Rangarajan

Partha Dasgupta

Suresh Tendulkar

Amartya Sen

7 / 10

Q7. Legal tender” means money that:

Is accepted only by banks

Must be accepted by law in settlement of debts

Is fully backed by gold

Is used only in foreign trade

8 / 10

Q8. “Fiat money” refers to money that:

Has intrinsic value equal to its face value

Is fully backed by gold reserves

Gets its value from a government order, not from the material it is made of

Is created by commercial banks through loans

9 / 10

Q9.Consider the following statements about the functions of money:

1.Medium of exchange and measure of value are primary functions of money.

2.Store of value is a secondary function of money.

3. Money is a perfect store of value even during high inflation.

Which of the above are correct?

1 only

1 and 2 only

2 and 3 only

1, 2 and 3

10 / 10

Q10. Which function of money solves the problem of double coincidence of wants found in barter?

Store of value

Medium of exchange

Standard of deferred payments

Measure of value

Your score is

The average score is 63%

Prelims Test State Batch Evening 21 Oct 2026

Send Us A Message

Don't Hesitate To Contact Us

Urgent?

Recent Posts

Quick Links

Support

Contacts