Menu
Question 56 MCQ 2016 Medium MCQ +3.00 marks · -1.00 negative

Read the following statements related to the economy. I. Devaluation of a currency means fixing the value of currency in multilateral consultation with the IMF, the World Bank, and major trading partners. II. The Law of Diminishing Marginal Utility states that as you keep on consuming a commodity continuously, the satisfaction derived from each subsequent unit will keep falling. III. Since human wants are unlimited and available resources are limited, a rational consumer will try to satisfy the least urgent needs which can be met within his/her income levels. IV. Budget deficit means the difference between all receipts and all expenditure. Which of the above statements are TRUE?

Click an option to submit your answer.

More UCEED 2016 MCQ questions to practise

MCQ 2016 MCQ

Identify the option that can be assembled to form Figure 1. [Figure: see page 21 of source PDF]

Practise this question →
MCQ 2016 MCQ

Given below is a list of sixteen idioms connected with water. Each of the four options contains meanings of four randomly selected idioms from the list. Identify the option that contains correct meanings for all four of the chosen idioms. I. Fish out of water II. Tread water III.…

Practise this question →
MCQ 2016 MCQ

Five figures are coded with symbols, as shown below. From the given options, find the code for Figure 1. [Figure: see page 21 of source PDF]

Practise this question →
MCQ 2016 MCQ

Shown below are different handle positions of a hand tool. Identify which handle position gives the most comfortable hand posture for a downward to-and-fro motion. [Figure: see page 23 of source PDF]

Practise this question →
MCQ 2016 MCQ

Which of the options given below will correctly complete the series? [Figure: see page 20 of source PDF]

Practise this question →
MCQ 2016 MCQ

A pilot has to fly direct from Mumbai to Singapore. The departure of the flight from Mumbai airport is at dusk. Which colour goggles should the pilot be wearing at Mumbai airport for quickly adapting to darkness after take-off?

Practise this question →
MCQ 2016 MCQ

Given below is a sequence of shapes arranged from left to right. There are eight rules which, when applied to the sequence, will transform it to one of the four options shown below. Identify the correct option. [Figure: see page 20 of source PDF]

Practise this question →
MCQ 2016 MCQ

Here is a sketch of Alka with her mouth missing. Choose the correct sequence from the mouth shapes given below that will allow Alka to say “WELCOME TO UCEED”.

Practise this question →