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Economics, Trade and Industry-25questions (Economics, trade and industry section measures the knowledge

and understanding of the basic terminologies, concepts related to microeconomics, macroeconomics, business, trade and industry. The
examination will also cover questions related to Nepal's economy, trade structure, balance of payments, the composition and structure of
industries and business, foreign aid, and economic laws, development plans, and public policies.)

1. Scarcity in economics refers to


a) Limitedness of productive resources
b) Limitedness of money with people
c) Scarcity of goods and services in the market
d) None of the above
2. Economics is the study of
a) How society manages its unlimited resources
b) How to avoid having to make trade-off
c) How society manages its limited resources
d) How to reduce our wants so that we may satisfy all wants at the same time
3. A property by which society gets the most it can from its scarce resources is called
a) Equity
b) Efficiency
c) Scarcity
d) None
4. Policy makers often face the trade-off between
a) Scarcity and equity
b) Equity and efficiency
c) Efficiency and opportunity cost
d) Efficiency and scarcity
5. Opportunity cost is
a) What we get by giving up something
b) What we give up to get something
c) The real cost of production
d) Not significant for study
6. Rational people take decision by

a) Evaluating marginal benefit and marginal cost


b) Calculating total benefit and total cost
c) Calculating average benefit and average cost
d) Without estimating benefit and cost
7. Higher income tax to higher income earners gives incentive to

a) Work more
b) Work less
c) Work as usual
d) Stop working
8. Which of the following statement is true for market economy?
a) An economy that allocates resources through the decentralized decisions of many firms and
households as they interact in markets for goods and services
b) Market participants act as if not guided by an invisible hand to produce outcomes that maximize
social welfare.
c) The strength of a market system is that it tends to distribute resources evenly across consumers
d) None of the above
9………………….can cause market failure.

a) Large number of buyers


b) Heterogeneous products
c) Externality
d) Rise in productivity
10. The amount of goods and services produced from each hour of a worker’s time is called

a) Efficiency
b) Productivity
c) Effectiveness
d) Both efficiency and productivity
11. Trade between countries is not like a game between two football teams because

a) Both nations lose


b) Both nations gain
c) Only one nation loses
d) None of the above
12. Inflation and Unemployment trade-off in
a) Short run
b) Long run
c) Never
d) Ever
13. In inflation, price level

a) Rises
b) Falls
c) Remains unchanged
d) Can not be said.
14. Economics is a science because

a) It deals with scarcity of resources.


b) It has scientific methods of experiment.
c) Adam Smith called it “science of wealth”.
d) It tells how the economy as a whole works.
15. Assumptions are made in the study of economics because
a) They make economics an interesting subject.
b) They help to simplify the complex economic world.
c) Economists love imagination and deal with dream and fantasies.
d) None of these answers.
16. A PPF Model shows
a) The maximum possible production of certain commodities in a nation.
b) How efficiency can be achieved in the utilization of scarcely available resources in an economy.
c) How an economy faces trade-off between several of its burning needs.
d) All of the above.
17. Economic models
a) Base on certain assumptions.
b) Ignore the reality.
c) Do not rely on assumptions.
d) All of the above.
18. Advancement in technology
a) Shifts PPF downward.
b) Shifts PPF outward.
c) Does not shift a PPF.
d) Has an inconclusive effect on a PPF.
19. A producer deciding about price of her product is concerned with
a) Microeconomics
b) Macroeconomics
c) Both
d) None.
20. While working as a policy advisor, an economist is
a) More normative
b) More positive
c) Not guided by political ideology
d) All of the above.
21. Which of the following are positive statements?
a) An increase in the minimum wage bill will increase the teenage unemployment.
b) The government should raise the tax on tobacco to reduce the quantity of cigarettes sold.
c) An increase in the rate of growth of money supply will lead to a rise in the price level.
d) An increase in the interest rate will cause a decline in investment.
A. a
B. b
C. a & c
D. a & c & d
22. Which of the following relate to Microeconomics?
a) A worker’s decision about how many hours to work
b) The effect of government spending on the nation’s unemployment rate
c) The impact of new technology in the market for DVD recorders
d) The relationship between education and economic growth rate
A. a
B. a & b
C. a & c
D. a & d
23. Trade is the ……………… of goods, services, technology, etc.
a) Buying
b) Selling
c) Exchange
d) Consumption
24. Trade ………………… interdependence.
a) Increases
b) Decreases
c) Has no link
d) Does not have a given relation with
25. X and Y make trade because……………. from it.
a) X gains
b) Y gains
c) Both X and Y gain
d) Neither X nor Y gains

Basic Mathematics and Statistics-25 questions (Basic mathematics and statistics section of the
examination measures basic mathematical skills, understanding of elementary mathematical and statistical concepts, and ability
to reason quantitatively to solve problems.)

1.The value of which of the following expressions is equal to 2 ?


I. 2  2 II. 2  2 III. 2  2
2 2 2 4 4

2 2 24

(A) I only (B) II only (C) III only (D) I and II only (E) I, II, and III

2. If a survey shows that 28 citizens out of a sample of 200 support a particular Senate bill, what percent of the
sample does not support the bill?
(A) 56% (B) 64% (C) 72% (D) 82% (E) 86%

3. Joe went on a diet 6 months ago when he weighed 222 pounds. If he now weighs 198 pounds and continues
to lose at the same average monthly rate, in approximately how many months will he weigh 180 pounds?
(A) 3 (B) 3.5 (C) 4 (D) 4.5 (E) 5

3
1
 
4.  2  
4
1
 
2

(A) 2 (B) 4 (C) 1 (D) 3 (E) 1


3 4 2

5. 3x 2  2 x  8 

(A) (3x + 4)(x - 2) (B) (3x - 4)(x + 2) (C) (3x + 2)(x - 4) (D) (3x - 2)(x + 4)

(E) none of the above

6. Mary and Mike enter into a partnership by investing $700 and $300 respectively. At the end of
one year, they divided their profits such that a third of the profit is divided equally for the efforts
they have put into the business and the remaining amount of profit is divided in the ratio of the
investments they made in the business. If Mary received $800 more than Mike did, what was the
profit made by their business in that year?

A. $2000 B. $6000 C. $4000 D. $1333 E.$3000

7. If the sum of 7 consecutive integers is 434, then the greatest of the 7 integers is
(A) 71 (B) 69 (C) 67 (D) 65 (E) 62

8. At a certain college, 50 percent of the total number of students are freshmen. If 20 percent of the fresh-men
are enrolled in the school of liberal arts and, of these, 30 percent are psychology majors, what percent of the
students at the college are freshmen psychology majors enrolled in the school of liberal arts?
(A) 3% (B) 6% (C) 12% (D) 15% (E) 20%

9. A plane was originally flying at an altitude of x feet when it ascended 2,000 feet and then descended 5,000
feet. If the plane's altitude after these two changes was 1 its original altitude, then the solution of which of
3
the following equations gives the plane's original altitude, in feet ?

(A) x  2,000  1 ( x  3,000) (B) 1 ( x  3,000)  x (C) x  3,000  1 x


3 3 3

(D) x  7,000  1 x (E) x  3,000  1 x


3 3

10. In the figure above, CE = 5, BD = 8, and the area of quadrilateral ABCD is 36. What is the area of △ABD ?
(A) 4 (B) 9 (C) 16 (D) 20 (E) 56

11. If the remainder is 7 when positive integer n is divided by 18, what is the remainder when n is divided by 6
?
(A) 0 (B) 1 (C) 2 (D) 3 (E) 4

12. There are how many hours between x minutes past 12 noon and 8:10 p.m. of the same day, where x < 60?

(A) 490  x (B) 480  x (C) 470  x (D) 60 (60 – x + 7) (E) 60 (60 – x + 17)
60 60 60

13. If x = 4 and y = 16, then x  y is closest to which of the following?


xy

(A) 1 (B) 1 (C) 3 (D) 7 (E) 1


3 2 4 8

14. A total of $20,000 was invested in two certificates of deposit at simple annual interest rates of 6 percent and
8 percent, respectively. If the total interest on the two certificates was $1,440 at the end of one year, what
fractional part of the $20.000 was invested at the higher rate?

(A) 3 (B) 2 (C) 1 (D) 3 (E) 3


8 5 2 5 4

15. If the tens digit x and the units digit y of a positive integer n are reversed, the resulting integer is 9 more
than n. What is y in terms of x?
(A) 10 – x (B) 9 – x (C) x + 9 (D) x – 1 (E) x + 1

16. Beth received 3 of the votes cast in a certain election. What fraction of the other votes cast would she
10
have needed in order to have received 1 of the votes cast?
2

(A) 1 (B) 2 (C) 3 (D) 7 (E) 1


5 7 10 20 2

17. Kim bought a total of $2.65 worth of postage stamps in four denominations. If she bought an equal number
of 5-cent and 25-cent stamps and twice as many 10-cent stamps as 5-cent stamps, what is the least number
of 1-cent stamps she could have bought ?
(A) 5 (B) 10 (C) 15 (D) 20 (E) 25

18. If x is an even integer and y is an odd integer, which of the following CANNOT be true?
(A) x y is an even integer. (B) y x is an odd integer (C) x is a multiple of y.
(D) y is a multiple of x. (E) xy is an even integer.

19. In the diagram above, points A, B, C, D, and E represent the five teams in a certain league in which each
team must play each of the other teams exactly once. The segments connecting pairs of points indicate that
the two corresponding teams have already played their game. The arrows on the segments point to the
teams that lost; the lack of an arrow on a segment indicates that the game ended in a tie. After all games
have been played, which of the following could NOT be the percent of games played that ended in a tie?
(A) 10% (B) 20% (C) 30% (D) 40% (E) 50%

20. The figure above shows the shape of a tunnel entrance. If the curved portion is 3 of a circle and the base
4
of the entrance is 12 feet across, what is the perimeter, in feet, of the curved portion of the entrance'?
(A) 9π (B) 12π (C) 9 2 (D) 18π (E) 9
2
21. Of the 10 employees at a certain company, 5 had annual salaries of $20,000, 4 had annual salaries of
$25,000, and 1 had an annual salary of $30,000. If a bonus equal to 10 percent of annual salary was

given to each employee, what was the total amount of he bonuses?

(A) $230,000 (B) $75,000 (C) $30,000 (D) $23,000 (E) $7,500

22. In the figure above, if PQRS is a square and QT = TR, which of the following statements is NOT true?
(A) PT = TS (B) x = y (C) u = v (D) r = y

(E) The area of ΔPQT is equal to the area of ΔSRT.

23. If ab ≠ 0, which of the following is equal to 1 ?


a
b

(A) a (B) 1 (C) a (D) b (E) b


b a

24. What is the greatest integer k such that 2 k  100 ?

(A) 5 (B) 6 (C) 7 (D) 49 (E) 50

25. A certain electric-company plan offers customers reduced rates for electricity used between 8 p.m. and 8
a.m. weekdays and 24 hours a day Saturdays and Sundays. Under this plan, the reduced rates apply to
what fraction of a week?

(A) 1 (B) 5 (C) 9 (D) 16 (E) 9


2 8 14 21 10

Banking and Finance-25 questions (Banking and Finance section measures the basic knowledge and
understanding of the candidates related to Nepalese banking system, Nepal Rastra Bank, stock market, exchanges rates, important
financial ratios, sources of finance, balance sheet, and laws and policies related to banking and finance in Nepal.)

1. Nepal Ratra bank was establish on…..

a.2013 ,14th Baishak b. 1994, 7th Falgun

b.2012 BS 13th Baishak D.2024, 15th Baishak


2. Who is the first Govrner of Nepal Rastra Bank.?

a. Satendra pyara shrestha b. Dr. tilak Rawal

b.Himalyan shumsher Rana d.Himalayan samser Jabara

3. Mobile SIM means…………………..

a.Susbcriber Identity Modume b.Sending immediately message

c.Saving important message d.none of them

4. when did ,Which organization published paper notes first time in Nepal ?

a.Nepal Rastra bank, 2013BS b.Sadar muluki khana,2002 BS

c.Nepal Bank Ltd.,1994BS d.Home ministry,2012BS

5. which is the considered as first commercial bank in World..?

a.Bank of America b.Americian Express Bank

c.Citi Bank d.Bank of Venice

6. Unless otherwise stated a cheque is valid till:

a. one year b. Six months

c.Three months d.one month

7. what is the full form of CRR?

a.Customer rentetion ratio b.Cash risk Ratio

c.Capital reserv e d.Cash reserve ratio

8. Computer hardware refers to:-

a. Computer Programs b. Data bank

c. Computer equipment d. Computer training

9. A digital watch was set accurately at 8.3o am and the lost 2 seconds every 5 minutes. What time was
indicated on the watch 6.30 pm of the same day if the watch operated continually until that time?

A 6.26 B 6.00

B 5.58 d. 5.56

10. ATM means……

a. Anytime money b. Auto tuning machine


b. Automated teller machine d. Anytime machine

11. which country makes twice a year budget?

a. France b. Mexico

c. Brazil d. Japan

12. if Richad looks into a mirror and touches his left ear with his right hand, Richad’s image seems to touch its
right ear with its left hand.

a. true b.False

13. if the word ‘TAN ‘ is written under the word ‘SLY’ and the word ‘TOT’ is written under ‘TAN’ then the
word SAT is formed diagonally.

a. true b.False

14. BLACK is coded as 52134 and WHITE is coded as 90876 then TALE will be coded as;

A.8479 b.7849

C. 7126 d .2644

15. The hardest metal of human body is

a. Bones b Enamel

c. Nails d. head

16. The term fourth Estate refers to

A . Judiciary b. Press

C. Backward d. Parliament

17. Which of the following terms is not associated with computer?

A .Ms Dos B.Ladder

B.Windows D.Spreadsheet

18. what is the time difference between Green wich and Nepal..?

a. 5 hours 15 minutes b.5 hours 35 minutes

c. 5 hours 50 minutes d. 5 hour 45 minutes

19. If a doctor gives 3 pills and tells you to take one pill every half hour, how long would if be before all the
pills had been taken.?
a.3 hour b.1.5 hour

c.1 hour d. 2 hour

20. if you had only one match and entered a COLD and DARk room, where there was oil heater, an oil lamp
and candle , which would you light first.?

a. Oil lamp b.Heater

c.Match d.Candle

21. What is the full form of SWIFT..?

a. Society for World wide Inter Bank financial Transaction.

b. Society for World wide Inter Bank financial Transformation.

c. Society for World wide Inter Bank financial Telecommunication.

d. Society for World wide Inter Bank financial Technology.

22. While issuing safe deposit deposit locker the bank acts as:

a.Trustee b.Agent

c.Pledge d.Debtor

23. which of the following item is generally placed & prioritized at top of the balance assets side.?

a.Fixed assets b.Investment

c.Cash in hand & bank d.Account payable

24. what is meant by the term “bearish” in stock exchange?

a.Falling price of share b.stagnant price of share

c.Rise in price of share d.None of above

25. The primary source of Bank capital is;

a.current year’s profit b.Retained Profit

c.Paid up equity d.All of them

General Knowledge- 25 questions (General knowledge section measures the general awareness of the
candidates about the economic, social, political, legal, scientific, technological, business, literature, and current international
events and affairs.)

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