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PG TRB Economics Previous Year Question Papers

TRB Model Questions
1. Limited liability means
 
  • A. Shareholder is only liable for the debits of the company limited to the profits
  • B. All shareholders have the same liability for the company debt's
  • C. Shareholder is only liable for the debts of the company to the extent of the unpaid value of his shares
  • D. The number of shares in the company is strictly limited
Answer: C.
Shareholder is only liable for the debts of the company to the extent of the unpaid value of his shares
 
2. Who first coined the word 'Industrial Revolution'?
 
  • A. Arnold Toynbee
  • B. Lenin
  • C. Stalin
  • D. Lincoln
Answer: A.
Arnold Toynbee
 
 
3. The Reserve Bank of India Bulletin is published every
 
  • A. Year
  • B. Month
  • C. Six months
  • D. Fortnight
Answer: B.
Month
 
4. Which of the following is the basis for determining the national income?
 
  • A. Total revenue of the state
  • B. Net profit earned and expenditures incurred by the state
  • C. Production of goods and services
  • D. All of the above
Answer: C.
Production of goods and services