ECONOMICS

1. Indravati Hydroelectric Project is the multipurpose project of ---

a. Maharashtra State
b. Gujarat State
c. Orissa State
d. Tamil Nadu

2. What is a ‘limited company’?

a. In which shareholders possess the ownership limited to their paid up capital
b. In which shares are not issued
c. A company of Government ownership
d. A Registered company

3. Who gains in inflation?

a. Saver
b. Creditor
c. Debtor
d. Pension holder

4. ‘Open market operation’ is a part of ---

a. Income Policy
b. Fiscal Policy
c. Credit Policy
d. Labour Policy

5. CRISIL ---
a. Evaluates the credit documents of a company
b. Provides financial assistance to industries
c. Provides finances for rural areas
d. Promotes exports

6. Which among the following states is a leading industrialized state?

a. West Bengal
b. Orissa
c. Maharashtra
d. Madhya Pradesh

7. On the recommendation of Jankiraman Committee, a committee was constituted for

improving transaction method of public sector bonds and mutual funds. This committee was
---
a. Nadkarni committee
b. Nayak committee
c. Goiporia committee
d. Tikku committee

8. GIC includes various insurance companies. This number is ---

a. 2 b. 3
c. 4 d. 5

9. LIC of India was established in

a. 1897 b. 1950
c. 1956 d. 1965

10. Consumer Protection Act (COPRA) was implemented in ---

a. 1985 b. 1986
c. 1987 d. 1988
11. Which direct tax gives maximum net revenue to the Government ---
a. Corporate Tax
b. Income Tax
c. Wealth Tax
d. Gift Tax

12. The main food grains of India is

a. Rice b. Wheat
c. Sugarcane d. Maize

13. Which rank India attains in tobacco production in the world?

a. First b. Second
c. Sixth d. Fourth

14. Scheduled Bank is that bank which is ---

a. Nationalized
b. Not nationalized
c. Based at foreign country
d. Included in the second schedule of RBI

15. Match the following ---

Unit I Unit II
a. Aqua culture 1. Silk
b. Floriculture 2. Grapes
c. Seri culture 3. Flower
d. Viti culture 4. Fisheries
a. b. c. d.
a. 4 3 2 1
b. 3 4 1 2
c. 3 4 2 1
d. 4 3 1 2

16. Which state has the lowest women literary rate in India (2001 census)?
a. Bihar b. Jharkhand
c. U.P. d. Rajasthan

17. Which country is the largest oil producing country of the world?
a. Saudi Arabia
b. Russia
c. America
d. None of these

18. The ownership right of a company remains ---

a. With company Directors
b. With equity shareholders
c. With debenture holders
d. With the government

19. TRIPS – ‘Trade Related Intellectual Property Rights’ and TRIMS – ‘Trade Related
Investment Measures’ are associated with ---
a. Preston Proposal
b. Dunkel Proposal
c. Chelliah Committee
d. None of these

20. Which is true for Finance Commission?

a. It is a statutory body
b. It is constituted under article 280 of the constitution
c. Mr. K.C. Pant was Chairman of 10th Finance Commission
d. All of these

21. According to Banking Regulation Act, RBI can fix SLR up to the ceiling of ---
a. 40% b. 50%
c. 30% d. 45%

22. What was the field of Sunderrajan Committee?

a. Petroleum
b. Small Industry
c. Education
d. Power

23. Corporate Tax is imposed by ---

a. State Government
b. Local Government
c. Central Government
d. Both Centre and State Government

24. Marginal Propensity to Consume (MPC) means – When income rises consumption?
a. Remains constant
b. Increases in similar proportion
c. Increases in higher proportion
d. Increases in lesser proportion

25. What is needed for creating demand?

a. Production b. Price
c. Income d. Import

26. IMF is the result of ---

a. Hawana conference
b. Rome conference
c. Brettonwood conference
d. Geneva conference

27. Primary gold is a gold of ---

a. 20 carat b. 22 carat
c. 23 carat d. 24 carat

28. Who is not the member of National Development Council?

a. Governors of the State
b. Chief Ministers of the State
c. Administrators of Union Territory
d. All ministers of Union Cabinet

29. The demand for agriculture product mainly depends upon ---
a. Increase in agriculture area
b. Increase in population
c. Increase in income
d. Fall in price

30. The Headquarter of ILO is at ---

a. Washington
b. Geneva
c. The Hague
d. Manila
ECONOMICS

1.C 2.A 3.C 4.C 5.A 6.C 7.A 8.C 9.C 10.B

11.A 12.A 13.C 14.D 15.D 16.A 17.C 18.B 19.B 20.D

21.A 22.A 23.C 24.A 25.C 26.C 27.D 28.A 29.B 30.B