You are on page 1of 39

ECONOMICS

1 Laffer curve explain the relationship b/w tax rate and tax revenue.

2 office of economic advisor and ministry of commerce ;- is


responsible for compilation and release the whole sale price index.
Q1. Which among the following statements is not true when there is an increase in
interest rate in an economy?
एक अर्थव्यवस्र्ा में ब्याज दर में वृद्धि होने पर ननम्ननिद्धित में से कौन सा कर्न सत्य नह ीं होता है?
(a) increase in saving /बचत में वृद्धि
(b) decrease in loan /ऋण में कमी
(c) increase in production cost /उत्पादन लागत में वृद्धि
(d) increase in capital return /पूंजीगत लाभ में वृद्धि
Show Answer
Ans.(d)
Sol. Interest rate increase the cost of borrowing, which results in lesser investment
activity and the purchase of consumer durables. In a low interest-rate environment,
shares become a more attractive buy, raising households’ financial assets.

Q2. Multiplier process in economic theory is conventionally taken to mean:


आनर्थक नसिाींत में गुणक प्रनिया का पारीं पररक रूप से अर्थ है :
(a) the manner in which prices increase/ जजस तरह से कीमतें बढ़ती हैं

(b) the manner in which banks create credit// जजस तरीके से बैंक क्रेजिट बनाते हैं
(c) income of an economy grows on account of an initial investment /एक प्रारूं जभक जनवेश के
कारण अर्थव्यवस्र्ा की आय बढ़ती है
(d) the manner in which government expenditure increases/ जजस तरह से सरकारी व्यय बढ़ता
है
Show Answer
Ans.(c)
Sol. In economics, a multiplier is a factor of proportionality that measures how much an
endogenous variable change in response to a change in some exogenous variable.

Q3. Who said ‘Supply creates its own demand’?


नकसने कहा नक 'आपूनतथ अपन माींग स्वयीं उत्पन्न करत है '?
(a) Adam Smith/ एिम द्धिर्
(b) J. B. Say /जे .बी. से
(c) Marshall/ माशथल
(d) Ricardo/ ररकािो
Show Answer
Ans.(b)
Sol. “Supply creates its own demand” is the formulation of Say’s law . The rejection of
this doctrine is a central component of the General Theory off Employment, Interest and
Money (1936) and a central tenet of Keynesian economics.

Q4. Say’s Law of Market holds that


बाजार का ननयम कहता है नक-
(a) supply is not equal to demand /आपजतथ माूं ग के बराबर नहीूं होती है
(b) supply creates its own demand/ आपजतथ अपनी माूं ग स्वयूं उत्पन्न करती है
(c) demand creates its own supply/ माूं ग अपनी आपजतथ स्वयूं उत्पन्न करती है
(d) supply is greater than demand /आपजतथ माूं ग से अजिक होती है
Show Answer
Ans.(b)
Sol. Say's law, or the law of markets, states that aggregate production necessarily
creates an equal quantity of aggregate demand.

Q5. The standard of living in a country is represented by its:


नकस दे श में ज वन स्तर, नकसका प्रनतनननित्व करता है ?
(a) poverty ratio/ गरीबी अनुपात
(b) per capita income /प्रजत व्यद्धि आय
(c) national income /राष्ट्रीय आय
(d) unemployment rate/ बेरोजगारी दर
Show Answer
Ans.(b)
Sol. Per capita income or average income or income per person is the mean income
within an economic aggregate, such as a country or city. It is calculated by taking a
measure of all sources of income in the aggregate (such as GDP or Gross National
Income) and dividing it by the total population.

Q6.The method of calculating the national income are-


राष्ट्र य आय क गणना करने क नवनि-
(a) Income method /आय जवजि
(b) Value added method /मल्य वजिथत जवजि
(c) Expenditure method /व्यय जवजि
(d) All the above/ उपयुथि सभी
Show Answer
Ans.(d)
Sol. Primarily there are three methods of measuring national income. Which method is to
be employed depends on the availability of data and purpose. The methods are product
method, income method and expenditure method.

Q7. Which of the following concepts are most closely associated with J. M.
Keynes?
ननम्ननिद्धित में से कौन स अविारणाएीं जे.एम. केनेस के सबसे ननकट हैं ?
(a) Control of money supply/ मुद्रा आपजतथ का जनयूंत्रण
(b) Marginal utility theory /सीमाूं त उपयोजगता जसिाूंत
(c) Indifference curve analysis/ उदासीनता वक्र जवश्लेषण
(d) Marginal efficiency of capital /पूंजी की सीमाूं त दक्षता
Show Answer
Ans.(d)
Sol. The marginal efficiency off capital (MEC) is that rate of discount which would equate
the price of a fixed capital asset with its present discounted value of expected income.
The term “marginal efficiency of capital” was introduced by John Maynard Keynes in his
General Theory.

Q8. When aggregate supply exceeds aggregate demand


जब सकि आपूनतथ सकि माींग से अनिक हो जात है, तो -
(a) unemployment falls/ बेरोजगारी जगरती है
(b) prices rise /कीमतोूं में वृद्धि
(c) inventories accumulate/ सची सूंग्रह
(d) unemployment develops/ बेरोजगारी जवकजसत होती है
Show Answer
Ans.(c)
Sol. Deflation sets in when aggregate supply exceeds aggregate demand. Recession
sets in. This will lead to a buildup in stocks (inventories) and this sends a signal to
producers either to cut prices (to stimulate an increase in demand) or to reduce output
so as to reduce the buildup of excess stocks.

Q9. In a business, raw materials, components, work in progress and finished


goods are jointly regarded as
एक व्यवसाय में , कच्चा माि, घटकोीं, कायथ प्रगनत पर होना तर्ा तैयार माि को सींयुक्त रूप से क्या
माना जाता है?
(a) capital stock /पूंजीगत स्टॉक
(b) inventory /सची (स्टॉक)
(c) investment/ जनवेश
(d) net worth/ शुि मल्य
Show Answer
Ans.(b)
Sol. Inventory refers to raw materials, work-in-process goods and completely finished
goods that are considered to be the portion of a business’s assets that are ready or will
be ready for sale.

Q10. Investment and savings are kept equal through a change in the level of
ननवेश और बचत को नकसके स्तर में बदिाव के माध्यम से बराबर रिा जाता है ?
(a) Consumption/ खपत
(b) Investment/ जनवेश
(c) Government expenditure/ सरकारी व्यय
(d) Income/ आय
Show Answer
Ans.(a)
Sol. Desired savings are kept equal to desired investment by responses to interest rate
changes. Savings identity or the savings investment identity is a concept in National
Income Accounting stating that the amount saved (S) in an economy will be amount
invested (I).

Q11. The sum total of incomes received for the services of labour, land or capital
in a country is called:
नकस दे श में श्रम, भूनम या पूींज क सेवाओीं के निए प्राप्त आय क कुि रानश को कहा जाता है :
(a) Gross domestic product/ सकल घरे ल उत्पाद
(b) National income/ राष्ट्रीय आय
(c) Gross domestic income/ सकल घरे ल आय
(d) Gross national income/ सकल राष्ट्रीय आय
Show Answer
Ans.(b)
Sol. The income method of calculating national income takes into account the income
generated from the basic factors of production. These include the land, labor, capital,
and organization

Q12. While determining income the expenditure on which of the following items is
not considered as investment?
आय का ननिाथरण करते समय ननम्ननिद्धित मदोीं में से नकसमे व्यय को ननवेश के रूप में नह ीं माना
जाता है ?
(a) Construction of factory/ कारखाने का जनमाथ ण
(b) Computer/ कूंप्यटर
(c) Increase in the stock of unsold articles/ न जबकी वस्तुओूं के स्टॉक में वृद्धि
(d) Stock and share in joint stock company /सूंयुि स्टॉक कूंपनी में स्टॉक और शेयर
Show Answer
Ans.(c)
Sol. Increase in the stock of unsold articles is not an investment. An investment is the
purchase of goods that are not consumed today but are used in the future to create
wealth.

Q13. In a Laissez-faire economy


िाईसे ज़-फेयर अर्थव्यवस्र्ा में
(a) the customers take all the decision regarding production of all the commodities /ग्राहक
सभी वस्तु ओूं के उत्पादन के सूंबूंि में सभी जनणथय लेते हैं
(b) the Government does not interfere in the free functioning of demand and supply
forces in the market/ सरकार बाजार में माूं ग और आपजतथ बलोूं के मुि कामकाज में हस्तक्षेप नहीूं
करती है
(c) the private-sector takes all the decisions for price-determination of various
commodities produced/ जनजी क्षेत्र उत्पाजदत जवजभन्न वस्तुओूं के मल्य जनिाथ रण के जलए सभी जनणथय लेता
है
(d) the Government controls the allocation of all the factors of production/ सरकार उत्पादन
के सभी कारकोूं के आवूंटन को जनयूंजत्रत करती है
Show Answer
Ans.(b)
Sol. Laissez-faire is an economic system in which transactions between private parties
are free from government intervention such as regulation, privileges, tariffs and
subsidies.

Q14. In calculating National Income which of the following is included?


राष्ट्र य आय क गणना करते समय ननम्ननिद्धित में से क्या शानमि होता है?
(a) Services of housewives/ गृजहजणयोूं की सेवाएूं
(b) Pensions/ पेंशन
(c) Income of smugglers/ तस्करोूं की आय
(d) Income of watchmen/ पहरे दारोूं की आय
Show Answer
Ans.(d)
Sol. The total amount of income accruing to a country from economic activities in a
year’s time is known as national income.

Q15. Who propounded the market law?


बाजार का ननयम नकसने प्रनतपानदत नकया?
(a) Adam Smith /एिम द्धिर्
(b) J. B. Say /जे .बी. से
(c) T. R. Malthus/ टी आर माल्थस
(d) David Recardo/ िे जवि ररकिो
Show Answer
Ans.(b)
Sol. Say's law of markets is a classical economic theory that says that production is the
source of demand. According to Say's law, the ability to demand something is financed
by supplying a different good.

Q1. Merchant Banking is an institution which provides finances to:


मचेंट बैंनकींग एक ऐस सींस्र्ा है जो ______ को नवत्त प्रदान करत है :
(a) domestic whole sale trade(घरे ल र्ोक व्यापार)
(b) international trade among countries(दे शोूं के बीच अूंतराथ ष्ट्रीय व्यापार)
(c) domestic retail trade among(घरे ल खुदरा के मध्य व्यपार)
(d) international aid agencies(अूं तरराष्ट्रीय सहायता एजेंजसयोूं)
S1. Ans.(b)
Sol. A merchant bank is a company that deals mostly in international finance, business
loans for companies and underwriting. These banks are experts in international trade,
which makes them specialists in dealing with multinational corporations.

Q2. The system of issuing and monitoring of money in the market is known as–
बाजार में िन जार करने और ननगरान करने क व्यवस्र्ा को नकस रूप में जाना जाता है?
(a) Proportional reserve ratio(आनुपाजतक ररजवथ अनुपात)
(b) Fixed reserve ratio(द्धस्र्र आरजक्षत अनुपात)
(c) Minimum reserve ratio(न्यनतम आरजक्षत अनुपात)
(d) Floating reserve ratio(फ्लोजटूं ग आरजक्षत अनुपात)
S2. Ans.(c)
Sol. The relationship between note issue and its reserve backing is usually done on the
basis of a reserve system by central banks across the world. The reserve system
provides guidelines for the issue of new currencies.

Q3. Which among the following Indian State does not transacts its business
through Reserve Bank of India?
ननम्ननिद्धित भारत य राज्ोीं में से कौन सा भारत य ररज़वथ बैंक के माध्यम से अपना व्यवसाय नह ीं
चिाता है ?
(a) Tripura(जत्रपुरा)
(b) Jammu and Kashmir(जम्म और कश्मीर)
(c) Arunachal Pradesh(अरुणाचल प्रदे श)
(d) Mizoram(जमजोरम)
S3. Ans.(b)
Sol. State Government transactions are carried out by RBI in terms of the agreement
entered into with the State Governments in terms of section 21A of the Act. As of now,
such agreements exist between RBI and all the State Governments except with the
Governments of Jammu and Kashmir and Sikkim.

Q4. Which among the following subjects is not an aim of the monetary policy of
the Reserve Bank of India?
ननम्ननिद्धित नवषयोीं में से कौन सा भारत य ररजवथ बैंक क मौनिक न नत का उद्दे श्य नह ीं है ?
(a) Giving impetus to economic development(आजर्थक जवकास को प्रोत्साहन दे ना)
(b) Direct credit with objective criteria(उद्दे श्य मानदूं ि के सार् प्रत्यक्ष क्रेजिट)
(c) To control pressure of inflation(मुद्रास्फीजत के दबाव को जनयूंजत्रत करना)
(d) To ensure social justice(सामाजजक न्याय सुजनजित करना)
S4. Ans.(d)
Sol. The primary objective of monetary policy is to maintain price stability while keeping
in mind the objective of growth. Price stability is a necessary precondition to sustainable
growth.

Q5. The Government of India made it obligatory on the part of all commercial
banks that they should give some cash amount while purchasing Government
bonds. What would you call this?
भारत सरकार ने सभ वानणद्धज्क बैंकोीं के निए अननवायथ कर नदया है नक उन्हें सरकार बॉन्ड
िर दने के दौरान कुछ नकद रानश दे न होग . आप इसे क्या कहेंगे?
(a) Statutory Liquidity Ratio(वैिाजनक तरलता अनुपात)
(b) Cash Reserve Ratio(नकद आरजक्षत अनुपात)
(c) Minimum Reserve Ratio(न्यनतम आरजक्षत अनुपात)
(d) Floating Reserve Ratio(फ्लोजटूं ग ररजवथ अनुपात)
S5. Ans.(a)
Sol. Statutory liquidity ratio (SLR) is the Indian government term for the reserve
requirement that the commercial banks in India are required to maintain in the form of
cash, gold, government approved securities before providing credit to the customers.

Q6. The receipts of which of the following taxes/duties are not shared with the
States?
ननम्ननिद्धित में से नकन करोीं / कतथव्योीं क प्राद्धप्तयाीं राज्ोीं के सार् साझा नह ीं क जात हैं ?
(a) Tax on income except agriculture(कृजष को छोड़कर आय पर कर)
(b) Corporation tax(जनगम कर)
(c) Surcharge on income tax(आयकर पर सरचाजथ)
(d) Capital gain tax(पूंजी लाभ कर)
S6. Ans.(c)
Q7. The national income of a country is–
दे श क राष्ट्र य आय है-
(a) Government annual revenue(सरकारी वाजषथक राजस्व)
(b) Total productive income(कुल उत्पादक आय)
(c) Surplus of the public sector enterprise(सावथजजनक क्षेत्र के उद्यम का अजिशेष)
(d) Export—(Loan) Import(जनयाथ त- (ऋण) आयात)
S7. Ans.(b)

Q8. Under the minimum reserve system, the Reserve Bank of India as the sole
authority of note issue is required to maintain assets worth not less than
न्यू नतम आरनित प्रणाि के तहत, भारत य ररज़वथ बैंक नोट मुिण के निए भारत क एकमात्र
सीं स्र्ा है, को _____________ सींपनत्त बनाये रिना होता है.
(a) 115 crores of rupees
(b) 85 crores of rupees
(c) 200 crores of rupees
(d) 210 crores of rupees
S8. Ans.(c)
Sol. Under the Minimum Reserve System, the RBI has to keep a minimum reserve of Rs
200 crore comprising of gold coin and gold bullion and foreign currencies. Out of the
total Rs 200 crores, Rs115 crore should be in the form of gold coins or gold bullion.

Q9. Which amidst the following taxes collected by the Union is NOT mandated to
be assigned to the States?
सीं घ द्वारा एकत्र नकए गए ननम्न करोीं के ब च राज्ोीं को सौींपा जाना अननवायथ नह ीं है ?
(a) Terminal taxes on goods or passengers carried by railway, sea or air(रे लवे, समुद्र या
वायु द्वारा जकए गए माल या याजत्रयोूं पर टजमथनल कर.)
(b) Taxes on railway fares and freights(रे लवे के जकराए और माल पर टै क्स.)
(c) Taxes on consignment of goods(वस्तु के प्रेषण पर कर.)
(d) Service Tax(सेवा कर)
S9. Ans.(d)

Q10. One of the objectives of Industrial Licensing Policy in India was to ensure:
भारत में औद्योनगक िाइसेंनसींग न नत का उद्दे श्य ___________ सुनननित करना र्ा:
(a) creation of adequate employment opportunities(पयाथ प्त रोजगार के अवसरोूं का सृजन.)
(b) free flow of foreign capital in Indian industries(भारतीय उद्योगोूं में जवदे शी पूंजी का मुफ्त
प्रवाह.)
(c) use of modern technology(आिुजनक प्रौद्योजगकी का उपयोग.)
(d) balanced industrial development across regions(क्षेत्रोूं का सूंतुजलत औद्योजगक जवकास.)
S10. Ans.(d)

Q11. Currency notes of Rs. 2 denomination and above are liabilities of:
2 रुपये और उस से उपर के मूल्यवगथ के नोटोीं क मुिा क दे यता है :
(a) Government of India(भारत सरकार)
(b) Reserve Bank of India(भारतीय ररजवथ बैंक)
(c) State Bank of India(भारतीय स्टे ट बैंक)
(d) All of the above(उपरोि सभी)
S11. Ans.(b)

Q12. The type of note issue system followed in India is:


भारत में नकस प्रकार के नोट इशू नसस्टम का अनुसरण नकया जाता है?
(a) Maximum fiduciary system(अजिकतम प्रत्ययी प्रणाली)
(b) Minimum reserve system(न्यनतम आरजक्षत प्रणाली)
(c) Proportional fiduciary system(आनुपाजतक प्रत्ययी प्रणाली)
(d) Fixed fiduciary system(जिक्स्ड िेयड्यजशयरी जसस्टम)
S12. Ans.(b)

Q13. Inflation is caused by:


मु िास्फ नत क वजह है :
(a) Increase in supply of goods(माल की आपजतथ में वृद्धि)
(b) Increase in cash with the government(सरकार के सार् नकद में वृद्धि)
(c) Decrease in money supply(पैसे की आपजतथ में कमी)
(d) Increase in money supply(पैसे की आपजतथ में वृद्धि)
S13. Ans.(d)

Q14. A firm sells new shares worth Rs. 1000 directly to individuals. This trans–
action will cause.
एक फमथ नए शेयर व्यद्धक्तगत रूप से स िे 1000 रुपये में बेचता है . यह टर ाींस-एक्शन होगा क्योींनक.
(a) Gross National product to rise by Rs. 1000(सकल राष्ट्रीय उत्पाद 1000 रु की वृद्धि हुई है )
(b) Gross Domestic Product to rise by Rs. 1000(सकल घरे ल उत्पाद 1000 रु की वृद्धि हुई है )
(c) National Income to rise by Rs. 1000(राष्ट्रीय आय में 1000 रु की वृद्धि हुई है )
(d) No impact on Gross National Product(सकल राष्ट्रीय उत्पाद पर कोई प्रभाव नहीूं होगा)
S14. Ans.(d)

Q15. What is the revised upper limit for foreign direct investment in telecom
service companies?
दू रसीं चार सेवा कींपननयोीं में नवदे श प्रत्यि ननवेश क सींशोनित ऊपर स मा क्या है ?
(a) 49 percent
(b) 51 percent
(c) 66 percent
(d) 100 percent
S15. Ans.(d)

Q1.In which year National Rural Health Mission was launched?


(a) 2004
(b) 2005
(c) 2006
(d) 2007

S1.Ans.(b)
Sol.National Rural Health Mission was launched in 2005.

Q2.The Economic Advisory Council has been established in India as per ____?
(a)Constitution of India
(b) An act of parliament
(c) An ordinance promulgated by President
(d) None of the above

S2.Ans.(d)
Sol.Economic Advisory Council to the Prime Minister (PMEAC) is a non-constitutional,
non-permanent and independent body constituted to give economic advice to the
Government of India, specifically the Prime Minister.

Q3.Which among the following is not directly controlled by RBI?


(a)Bank rate
(b) Base rate
(c) Repo rate
(d) Cash Reserve Ratio

S3.Ans.(b)
Sol.Base Rate is the minimum lending rate that banks can charge their customers from
July 1, 2010. Prior to this all lending rates were pegged to a Bank’s Prime Lending Rate
or PLR. It is not directly controlled by RBI.

Q4.Which among the following is the largest producer of wheat in India?


(a)Punjab
(b) Uttar Pradesh
(c) Rajasthan
(d) Madhya Pradesh

Q5.Which among the following country is India’s top trading partner?


(a) UAE
(b) USA
(c) Japan
(d) China
S5.Ans.(d)
Sol.India’s top 10 trade partners are China, USA, UAE, Hong Kong, Saudi Arabia, South
Korea, Germany, Switzerland, Indonesia and Singapore.
Q6.In which year Competition Commission of India was established?
(a) 2002
(b) 2003
(c) 2004
(d) 2005
S6.Ans.(b)
Sol.Competition Commission of India is a body of the Government of India responsible
for enforcing the Competition Act, 2002 throughout India and to prevent activities that
have an adverse effect on competition in India. It was established on 14 October, 2003.
Q7.Which among the following is not a part of World Bank?
(a) Asian Development Bank
(b) International Bank for Reconstruction and Development (IBRD)
(c) International Finance Corporation
(d) International Development Association
S7.Ans.(a)
Sol.World Bank is one of five institutions created at Breton Woods Conference in 1944.
Asian development bank is not a part of world bank group.
Q8.Buoyancy of a tax is defined as -
(a) increase of tax rate
(b) decrease in tax revenue
(c) increase in tax revenue
(d) increase in ratio of direct to indirect tax
S8.Ans.(c)
Sol.Buoyancy of a tax is increase of tax revenue.
Q9.The difference between the GNP and the NNP is equal to the -
(a) Consumer expenditure on durable goods
(b) Direct tax revenue
(c) Indirect tax revenue
(d) Capital depreciation
S9.Ans.(d)
If we subtract the depreciation charges from the gross national product, we get net
national product at market price.
NNP = GNP - Depreciation
Q10.Which one of the following is not a method of measurement of National
Income?
(a) Value Added Method
(b) Income Method
(c) Investment Method
(d) Expenditure Method

Q11.National Income Estimates in India are prepared by–


(a) National Development Council
(b) National Productivity Council
(c) National Income Committee
(d) Central Statistical Organisation
S11.Ans.(d)
Sol.Central Statistical Office (CSO) was set-up in 1949. It is one of the two wings of the
National Statistical Organisation (NSO), along with National Sample Survey Office
(NSSO), responsible for coordination of statistical activities in the country and for
evolving and maintaining statistical standards.
Q12.The concept of mixed economy means–
(a) To have balanced development in the agricultural and industrial sector
(b) Simultaneous development of the rural and urban sector
(c) To have equal distribution of wealth among the rural and the urban poor
(d) Simultaneous existence of the private and public sector
S12.Ans.(d)
Sol.Mixed economy is an economic system in which both the state and private sector
direct the economy, reflecting characteristics of both market economies and planned
economies. It means reflecting both capitalism and socialism.
Q13.Economic problem arises because of–
(a) Scarcity of means
(b) Multiplicity of resources
(c) Scarcity of wants
(d) Over Population
S13.Ans.(a)
Sol.Economic problem arises due to two reasons -
(i) The scarcity of means or resources having alternative uses
(ii) Unlimited human wants.
Q14.Who is called the 'Father of Economics'?
(a) JM Keynes
(b) Malthus
(c) Ricardo
(d) Adam Smith

Q15.The main feature of a capitalist economy is–


(a) Administered Prices
(b) Public Ownership
(c) Economic Planning
(d) Private Ownership

S15.Ans.(d)
Sol.The main feature of a capitalist economy is private ownership of factors of
production. Private owners hold the resources and take decisions to maximise their
profits.

Q1. ‘Public Sector’ means—


'सावथजननक िेत्र' का मतिब है -
(a) Government ownership on commerce and trade
(वाजणज्य और व्यापार पर सरकारी स्वाजमत्व)
(b) Capitalist ownership on commerce and trade
(वाजणज्य और व्यापार पर पूंजीवादी स्वाजमत्व)
(c) Private ownership on trade
(व्यापार पर जनजी स्वाजमत्व)
(d) None of the above
(उपरोि में से कोई नहीूं)
Ans.(a)

Q2. The largest source of National Income in India is—


भारत में राष्ट्र य आय का सबसे बडा स्रोत है -
(a) Service Sector (सेवा क्षेत्र)
(b) Agriculture (कृजष)
(c) Industrial Sector (औद्योजगक क्षेत्र)
(d) Trade Sector (व्यापार क्षेत्र)
Ans.(a)

Q3. Insider Trading is related to—


भे नदया व्यापर सम्बींनित है -
(a) Share Market (शेयर बाजार)
(b) Horse racing (हॉसथ रे जसूंग)
(c) Taxation (करािान)
(d) Public Expenditure (सावथजजनक व्यय)
Ans.(a)

Q4. In which state country’s longest road link tunnel is situated?


नकस राज् में सुरींग से जुड दे श क सबसे िींब सडक द्धस्र्त है ?
(a) Jammu & Kashmir (जम्म और कश्मीर)
(b) Gujarat (गुजरात)
(c) Rajasthan (राजस्र्ान)
(d) Madhya Pradesh (मध्य प्रदे श)
Ans.(a)

Q5. At end of October 2016, the number of ‘Maharatna’ public sector enterprises
stands at—
अक्टू बर 2016 के अींत में , 'महारत्न' सावथजननक िेत्र के उद्यमोीं क सींख्या र् -
(a) 4
(b) 5
(c) 6
(d) 7
Ans.(d)

Q6. In Indian context which of the following deficit is largest?


भारत य सीं दभथ में ननम्ननिद्धित घाटे में से कौन सा सबसे बडा है?
(a) Primary Deficit (प्रार्जमक घाटा)
(b) Revenue Deficit (राजस्व घाटा)
(c) Fiscal Deficit (राजकोषीय घाटा)
(d) All above are equal (उपरोि बराबर हैं )
Ans.(c)

Q7. What is the maximum age of a girl eligible for opening account in Sukanya
Samriddhi Yojana?
सु कन्या समृ द्धि योजना में िाता िोिे जाने के निए िडक क योग्य अनिकतम आयु क्या है ?
(a) 7 years (7 साल)
(b) 8 years (8 साल)
(c) 9 years (9 साल)
(d) 10 years (10 साल)
Ans.(d)

Q8. UNDP has introduced a new poverty index known as—


यू एनड प ने एक नया गर ब सूचकाींक पेश नकया है जो जाना जाता है -
(a) Human Poverty Index (मानव गरीबी सचकाूं क)
(b) Poorest among Poor Index (गरीब सचकाूं क में सबसे ग़रीब)
(c) Social Poverty Index (सामाजजक गरीबी सचकाूं क)
(d) Multidimensional Poverty (बहुआयामी गरीबी)
Ans.(d)

Q9. As per Census 2011, Kerala holds the maximum sex-ratio among states which
stands at—
2011 क जनगणना के अनुसार, केरि में निींग अनुपात राज्ोीं में अनिकतम है जो है -
(a) 1046
(b) 1084
(c) 1092
(d) 1103
Ans.(b)

Q10. The term ‘carried interest’ is most often used in the context of—
शब्द 'कैरीड इीं टरे स्ट' प्रायः नकस सींदभथ में इस्तेमाि नकया जाता है ?
(a) Mutual Funds
(b) Small Savings Scheme
(c) Fixed Deposits
(d) Private Equity Fund
Ans.(d)

Q11. The headquarters of Asian Development Bank (ADB) is at—


एनशयाई नवकास बैंक (एड ब ) का मुख्यािय द्धस्र्त है-
(a) Singapore
(b) Manila
(c) Hong Kong
(d) Tokyo
Ans.(b)

Q12. Narsimham Committee was related to—


नरनसम्हम सनमनत सम्बींनित र् -
(a) High Education Reforms
(b) Tax Structure Reforms
(c) Banking Structure Reforms
(d) Planning Implementation Reforms
Ans.(c)

Q13. What is the base year in India for Consumer Price Index?
उपभोक्ता मूल्य सूचकाींक के निए भारत में आिार वषथ क्या है?
(a) 1999-2000
(b) 2004-05
(c) 2011-12
(d) 2013-14
Ans.(c)

Q14. The official name of GST Bill is—


ज एसट नविेयक का आनिकाररक नाम है-
(a) The Constitution (121st Amendment) Bill 2014
(सूं जविान (121 वें सूंशोिन) जविेयक 2014)
(b) The Constitution (121st Amendment) Bill 2015
(सूं जविान (121 वें सूंशोिन) जविेयक 2015)
(c) The Constitution (122nd Amendment) Bill 2014
(सूं जविान (122 वें सूंशोिन) जविेयक 2014)
(d) The Constitution (122nd Amendment) Bill 2015
(सूं जविान (122 वें सूंशोिन) जविेयक 2015)
Ans.(c)

Q15. Which tax is collected by Panchayat?


पींचायत द्वारा कौन सा कर एकत्र नकया जाता है?
(a) Sales Tax (जबक्री कर)
(b) Custom Duty (कस्टम ड्यटी)
(c) Entertainment Tax (मनोरूं जन कर)
(d) Tax on local fairs (स्र्ानीय मेलोूं पर कर)
Ans.(d)

Q1. Union Cabinet has proposed to provide ‘Housing for All’ by the year–
➤केंि य मीं नत्रमींडि ने कौन से साि से 'सभ के निए आवास' प्रदान करने का प्रस्ताव रिा है .
(a) 2019
(b) 2022
(c) 2025
(d) 2030

Q2. India is not a member of –


➤भारत नकसका सदस्य नह ीं है?
(a) APTA (एपीटीए)
(b) MERCOSUR (मकोसुर)
(c) BIMSTEC (जबम्सटे क)
(d) SAFTA (सफ़टा)

Q3. ‘New silk route’ is a rail route which links China with the European Country–
➤'नया द्धिक रूट' एक रे ि मागथ है जो यूरोप य दे श के सार् जोडता है -
(a) France (फ्ाूं स)
(b) Italy (इटली)
(c) Germany (जमथनी)
(d) None of the above (उपरोि में से कोई भी नहीूं)

Q4. How many countries are members of Euro zone -


➤यू रो ज़ोन के नकतने दे श सदस्य हैं?
(a)17
(b)18
(c)19
(d)20

Q5. National Income estimates in India is prepared by –


➤भारत में राष्ट्र य आय अनुमान तैयार करता है -
(a) Planning Commission (योजना आयोग)
(b) RBI (आरबीआई)
(c) Finance Ministry (जवत्त मूंत्रालय)
(d) Central Statistical Organization (केंद्रीय साूं द्धिकी सूंगठन)

Q6. Finance Commission is appointed by the President under Article–


➤नवत्त आयोग राष्ट्रपनत द्वारा नकस अनुच्छेद के तहत ननयत होता है?
(a) 256 of Constitution (सूंजविान 256)
(b) 280 of Constitution (सूंजविान 280)
(c) 293 of Constitution (सूंजविान 293)
(d) 356 of Constitution (सूंजविान 356)

Q7. World Economic Situation and Prospects Report is associated with–


➤नवश्व आनर्थक द्धस्र्नत और पूवेिण ररपोटथ सम्बींनित है -
(a) IMF (आईएमएि)
(b) World Bank (जवश्व बैंक)
(c)United Nations Department of Economic and Social Affairs
(सूं युि राष्ट्र के आजर्थक और सामाजजक मामलोूं के जवभाग)
(d) WTO (जवश्व व्यापार सूंगठन)

Q8. ‘UDAY Yojana’ is associated with–


➤'उदय योजना' सम्बींनित है -
(a) Panchayati Raj (पूंचायती राज)
(b) Women Empowerment (मजहला सशिीकरण)
(c) Energy Distribution (ऊजाथ जवतरण)
(d) Banking Sector (बैंजकूंग क्षेत्र)

Q9. Which India city has the highest population?


➤भारत के कौन-से शहर क आबाद सबसे ज्ादा है ?
(a) Kolkata (कोलकाता)
(b) Mumbai (मुूंबई)
(c) New Delhi (नई जदल्ली)
(d) Chennai (चेन्नई)

Q10. ‘Digital India’ programme was launched in


➤'नडनजटि इीं नडया' प्रोग्राम _____को िॉन्च नकया गया र्ा.
(a) April 2015 (अप्रैल 2015)
(b) July 2015 (जुलाई 2015)
(c) October 2015 (अक्टबर 2015)
(d) January 2016 (जनवरी 2016)

Q11. Shyama Prasad Mukherjee ‘RURBAN’ Mission was officially launched in the
state of –
➤श्यामा प्रसाद मुिजी 'रुबथन' नमशन आनिकाररक तौर पर ____राज् में शुरू नकया गया र्ा.
(a) Chhattisgarh (छत्तीसगढ़)
(b) Madhya Pradesh (मध्य प्रदे श)
(c) Gujarat (गुजरात)
(d) Uttar Pradesh (उत्तर प्रदे श)

Q12. Which of the following is not a tool of Monetary and Credit policy?
➤ननम्ननिद्धित में से कौन मौनिक और िनडट न नत का एक सािन नह ीं है?
(a) Repo rate and Reverse repo rate (रे पो रे ट और ररवसथ रे पो रे ट)
(b) Cash Reserve Ratio (नकद आरजक्षत अनुपात)
(c) Base Rate (आिार दर)
(d) Marginal Standing Facility (सीमाूं त स्र्ायी सुजविा)

Q13. Who is the Father of Green Revolution in world?


➤दु ननया में हररत िाींनत के जनक कौन हैं ?
(a) Norman E. Borlaug (नॉमथन ई. बोरलॉग)
(b) M S Swaminathan (एम एस स्वामीनार्न)
(c) Garry Backer (गैरी बैकर)
(d) None of the above (उपरोि में से कोई भी नहीूं)

Q14. IRDA is associated with–


➤आईआरड ए सम्बींनित है -
(a) Railways (रे लवे)
(b) Insurance Sector (बीमा क्षेत्र)
(c) Telecommunication (दरसूंचार)
(d) Banking (बैंजकूंग)

Q15. ‘Blue Revolution’ is related to –


➤'न ि िाीं नत' सींबींनित है -
(a) Space research (अूंतररक्ष अनुसूंिान)
(b) Poultry (मुगीपालन)
(c) Fisheries (मत्स्य पालन)
(d) Drinking water (पीने का पानी)

Q1. Devaluation of currency will be more beneficial if


(a) prices of domestic goods remain constant
(b) prices of exports remain constant
(c) prices of imports remains constant
(d) prices of exports rise proportionately

Q2. If the RBI adopts an expansionist open market operations policy, this means
that it will
(a) buy securities from non-government holders
(b) sell securities in the open market
(c) offer commercial banks more credit in the open market
(d) openly announce to the market that it intends to expand credit

Q3. Foreign Direct Investment ceilings in the telecom sector have been raised
from 74 percent to
(a) 80 percent
(b) 83 percent
(c) 90 percent
(d) 100 percent

Q4. The capital of IMF is made up by the contribution of–


(a) Credit
(b) Deficit Financing
(c) Member Nations
(d) Borrowings

Q5. According to whom the second chamber is unnecessary & bad?


(a) Monkahour
(b) Bentham
(c) Seale
(d) Loosky

Q6. Which of the following does not determine the supply of labour?
(a) Size and age-structure of population
(b) Nature of work
(c) Marginal productivity of labour
(d) Work-leisure ratio

Q7. National Income refers to–


(a) Money value of goods produced in a country during a year
(b) Money value of stocks and shares of a country during a year
(c) Money value of all economic activities produced by a country during a year
(d) Money value of consumer goods produced by a country during a year

Q8. If prices rise, the direct real burden of public debt will
(a) Also increase
(b) Fall
(c) Remain unchanged
(d) Be uncertain

Q9. For revival and restructure of weak banks of the public sector, which
committee was constituted?
(a) Verma Committee
(b) Goiporia Committee
(c) Rekhi Committee
(d) Narsimham Committee

Q10. Open market operation means


(a) Borrowing by scheduled banks from the Central Bank
(b) Purchase and sale of Government Securities by theCentral Bank
(c) Lending by Commercial Banks to industry and trade
(d) Deposit mobilization

Q1.The income tax in India is


(a)indirect and progressive
(b)diret and proportional
(c)direct and progressive
(d)indirect and proportional
S1.Ans.(c)
Q2.The decentralisation system was recommended by
(a)C. Rajagopalachari
(b)J.B. Kripalani
(c)Balwant Rai Mehta
(d)Ashok Mehta
S2.Ans.(c)

Q3.The principal sources of revenue to the State Government in India is


(a)Income Tax
(b)Sales Tax
(c)State Excise Duties
(d)Land Revenue
S3.Ans.(b)

Q4.Open market operations of a Central Bank are sale and purchase of:
(a)Foreign currencies
(b)corporate securities
(c)trade bills
(d)government securities
S4.Ans.(d)

Q5.Which of the following is not a function of the RBI ?


(a)Bankers Bank
(b)Bank of Issue
(c)Bankers to the Public
(d)Custodian of foreign exchange
S5.Ans.(c)

Q6.Which two of the following nationalised banks have been merged as per the
recommendation of the Narasimhan Committee?
(a)New Bank of India and Bank of India
(b)Central Bank of India and Corporation Bank
(c)Parur Bank of India and Bank of India
(d)Punjab National Bank and New Bank of India
S6.Ans.(d)

Q7.The Reserve Bank of India issues notes under the following note issue method
(a)Proportional reserve system
(b)Minimum reserve system.
(c)Maximum fiduciary system
(d)Fixed fiduciary system
S7.Ans.(b)

Q8.The Industrial Development Bank of India (IDBI) started functioning in


(a)1950
(b)1952
(c)1964
(d)1972
S8.Ans.(c)

Q9.What was the maximum number of days of employment in a year, a member of


a rural poor family would get under Jawahar Rozgar Yojana?
(a)90 days
(b)100 days
(c)120 days
(d)180 days
S9.Ans.(b)

Q10.Convertibility of the rupee implies


(a)Being able to convert rupee notes into gold
(b)Freely permitting the conversion of rupee to other major currencies and vice versa
(c)Allowing the value of the rupee to be fixed by market forces
(d)Development an international market for currencies in India.
S10.Ans.(b)

Q11.Among Indian Economics who had done pioneering work on National Income
?
(a)P.N. Dhar
(b)Jagdish Bhagwati
(c)V. K. R. V. Rao
(d)Prof. Shenoi
S11.Ans.(c)

Q12.The method by which the CSO estimates the national income is


(a)Income method
(b)Expenditure method
(c)Production method
(d)A combination of all three
S12.Ans.(d)

Q13.The place where bankers meet and settle their mutual claims and accounts is
known as
(a)Treasury
(b)Clearing House
(c)Collection Centre
(d)Dumping Ground
S13.Ans.(b)

Q14.Which of the following panels examined and suggested tax reforms:


(a)Sawant Committee
(b)Verma Commission
(c)Chelliah Committee
(d)None of these
S14.Ans.(c)

Q15.Jawahar Rozgar Yojana was started by:


(a)Jawaharlal Nehru
(b)Rajiv Gandhi
(c)Indira Gandhi
(d)Sanjay Gandhi
S15.Ans.(b)

Q1. The Ganga Action Plan was directed by:


(a) Rajiv Gandhi
(b) Atal Bihari Vajpayee
(c) Manmohan Singh
(d) Indira Gandhi
S1. Ans.(a)

Q2.Who coined the term Hindu Rate of growth’ for Indian economy ?
(a) A.K.Sen
(b)Kirit s. parikh
(c) Raj Krishna
(d) None of these
S2. Ans.(d)

Q3. Over use of resource is called “Tragedy of Commons”. It was propounded by:
(a) Garett Hardin
(b) Seligman
(c) Adolph Wagner
(d) A.P Lernier
S3. Ans.(c)
Q4. Who was the head of the 10th Finance Commission?
(a) Manmohan Singh
(b) Vasant Sathe
(c) Shiv-Shankar
(d) K.C Pant
S4. Ans.(d)

Q5. The Annapurna Scheme was implemented in the year.


(a) 1998
(b) 1996
(c) 1999
(d) 2000
S5. Ans.(d)

Q6. Which of the following does not form a part of the foreign exchange reserves
of India?
(a) Gold
(b) SDRs
(c) Foreign currency assets
(d) Foreign currency and securities held by the banks and corporate bodies
S6. Ans.(d)

Q7. The reserve Bank of india was nationalized in the year :


(a) 1935
(b) 1969
(c) 1949
(d) 1980
S7. Ans.(c)

Q8. SEBI was set up in


(a) 1992
(b) 1980
(c) 1984
(d) 1988
S8. Ans.(d)

Q9. Where is the Indian institute of Foreign Trade Located.


(a) New Delhi
(b) Hyderabad
(c) Mumbai
(d) Ahmedabad
S9. Ans.(a)

Q10. The fourteen major banks in India were nationalized in the year
(a) 1967
(b) 1968
(c) 1969
(d) 1971
S10. Ans.(c)

Q11. The ‘Slack Season’ in the Indian Economy is


(a) March-April
(b) September-December
(c) January-June
(d) February-April
S11. Ans.(c)

Q12. India switched over to the decimal currency system in


(a) 1955
(b) 1956
(c) 1957
(d) 1958
S12. Ans.(c)
Q13. The financial capital of india is?
(a) Mumbai
(b) Chennai
(c) Delhi
(d) Chandigarh
S13. Ans.(a)

Q14. Which of the schemes of the Government of India makes Indian cities free from
slums?
(a) Indira Awas Yojana
(b) Central Rural Sanitation Programme
(c) Rajiv Awas Yojana
(d) Antyodaya
S14. Ans.(c)

Q15. Which of the following is the Regulator of the credit rating agencies in India?
(a) RBI
(b) SBI
(c) SIDBI
(d) SEBI
S15. Ans.(d)

Q1. Indian planning


(a) Is totalitarian in nature
(b) Is democratic in nature
(c) Is totally centralised
(d) Is none of above

Q2. MOD VAT is related to


(a) Sales tax
(b) Wealth tax
(c) Income tax
(d) Excise duty

Q3. NNP is equal to


(a) GNP + depreciation
(b) GNP – depreciation
(c) GNP + exports
(d) GNP – exports

Q4. Non-tax revenues can be increased by improving the working of the


(a) State Road Transport Corporations
(b) Electricity boards
(c) Commercial irrigation projects
(d) All of the above

Q5. The basic objective of planning in India is


(a) Increasing employment opportunities
(b) Expansion of key industries
(c) Increase in agricultural output
(d) All of the above

Q6. Major exports of India are


(a) Tea
(b) Cotton
(c) Jute yarn
(d) All of the above

Q7. The First Five-Year Plan covered the period


(a) 1947 – 52
(b) 1950 – 55
(c) 1951 – 56
(d) 1952 – 57

Q8. The First Five-Year Plan of India started on


(a) January 1950
(b) April 1951
(c) 26 January 1952
(d) 2 October 1952

Q9. Removal of poverty was the foremost objective of which of the following Five-
Year Plan?
(a) Second
(b) Third
(c) Fourth
(d) Sixth

Q10.Howmany banks were nationalized in 1969?


(a) 16
(b) 14
(c) 15
(d) 20

Q11. Sudden decrease of birth rate would cause


(a) Increase of saving
(b) Increase of per capita income
(c) Increase of introduction
(d) Increase in investment

Q12. Five-Year Plans are finally approved by the


(a) President
(b) Prime Minister
(c) National Development Council
(d) Planning Commission

Q13. Highest per capita income is inversely correlated with the proportion of
active population engaged in
(a) Agriculture
(b) Service
(c) Industry
(d) All of the above

Q14. Excise duty is a tax levied on the


(a) Import of goods
(b) Export of goods
(c) Production of goods
(d) Sale of goods

Q15. Deficit financing means that the Government borrows money from the
(a) RBI
(b) Local bodies
(c) Big businessman
(d) IMF
Q1. National Income estimates in India are prepared by
(a) Planning Commission
(b) Reserve Bank of India
(c) Central statistical organisation
(d) Indian statistical Institute

Q2.In India, the state known for its sandalwood is


(a) Karnataka
(b) Assam
(c) Kerala
(d) West Bengal

Q3.The period of Eleventh Five Year Plan is


(a) 2005 to 2010
(b) 2006 to 2011
(c) 2007 to 2012
(d) 2008 to 2013

Q4.The main source of National Income in India is


(a) Service Sector
(b) Agriculture
(c) Industrial Sector
(d) Trade Sector

Q5.Which one of the following types of unemployment is common in Indian agricultural


sector
(a) Seasonal
(b) Disguised
(c) Frictional
(d) Structral

Q6.Which one of the following is a development expenditure ?


(a) Irrigation expenditure
(b) Civil administration
(c) Debt services
(d) Grant-in-Aid
Q7. Which of the following schemes was launched to promote basic education in India
and attract children in school going age to attend the classes ?
(a) Pulse Polio Abhiyan
(b) Operation Flood
(c) Mid-Day Meal Scheme
(d) Operation Black Board

Q8. Sarva Siksha Abhiyan is aimed at the education of which of the following ?
(a) Engineering and technical education
(b) Education of girls upto graduation level
(c) College education
(d) Education of children between 6 - 14 years

Q9.STEP is the abbreviated name of the welfare programme to help :


(a) Children
(b) Women
(c) Farmers
(d) Senior Citizens

Q10.The basic aim of Lead Bank Scheme is that


(a) big banks should try to open offices in each district
(b) there should be stiff competition among the various nationalized banks
(c) individual banks should adopt particular districts for intensive development
(d) all the banks should make intensive efforts to mobilize deposits

Q11.Which of the following indexes is developed to measure life expectancy, level of


literacy, education and standard of living of people in a country ?
(a) Inflation
(b) Sensex
(c) SLR
(d) Human Development Index (HDI)

Q12.In India, liberal Industrial Policy was adopted in the year :


(a) 1948
(b) 1956
(c) 1985
(d) 1991

Q13.Raurkela Steel Plant was set up with the assistance from :


(a) USSR
(b) UK
(c) USA
(d) Germany

Q14.National Renewal Fund was constituted for the purpose of :


(a)Providing Pension for retiring employees
(b)Social security
(c)Rural reconstruction
(d)Restructuring and modernisation of industries

Q15. Where is the headquarter of World Bank located?


(a) Geneva
(b) Rome
(c) New York
(d) Washington D.C.

Q1. The famous economist Thomas Robert Malthus, in his views regarding
population, is
(a) optimistic
(b) partly optimistic and partly pessimistic
(c) pessimistic
(d) None of the above

Q2. IRDP was launched during the


(a) Third Five Year Plan
(b) Sixth Five Year Plan
(c) Fifth Five Year Plan
(d) Fourth Five Year Plan

Q3. Who advocated the adoption of ‘PURA’ model to eradicate rural poverty?
(a) MS Swaminathan
(b) Maulana Abul Kalam Azad
(c) Dr APJ Abdul Kalam
(d) AM Khusro

Q4. The objective of ‘Jawahar Rojgar Yojana’ is to


(a) provide employment to youth in rural areas
(b) create employment opportunities for unemployed persons
(c) strengthen the rural economic and social structure
(d) All of the above

Q5. Globalisation means


(a) integration of economy
(b) integration of financial market
(c) integration of the domestic economy with the world economy
(d) integration of the various sectors of economy

Q6. The Minimum Wages Act was first passed in India in the year.
(a) 1947
(b) 1948
(c) 1950
(d) 1951

Q7. Disinvestment in public sector is called


(a) liberalisation
(b) globalisation
(c) industrialisation
(d) privatisation
Q8. ‘Hire and Fire’ is the policy of
(a) capitalism
(b) socialism
(c) mixed economy
(d) traditional economy

Q9. Economic development depends on


(a) natural resources
(b) capital formation
(c) size of the market
(d) All of these

Q10. Nature of unemployment in agriculture in India is


(a) only seasonal
(b) only disguised
(c) Both (a) and (b)
(d) None of the above

Q11. NREGP is the abbreviated form of


(a) National Rural Employment Guarantee Programme
(b) National Rural Educational Guarantee Programme
(c) National Rapid Educational Guarantee Programme
(d) National Rapid Employment Guarantee Programme

Q12. The gradation and standardisation of agricultural products are conducted


through
(a) Food Corporation of India
(b) Directorate of Marketing and Inspection
(c) Indian Standards Institution
(d) Central Statistical Organisation

Q13. Which of the following is a better measurement of economic development?


(a) GDP
(b) Disposable income
(c) NNP
(d) Per capita income

Q14. A mixed economy works primarily through the


(a) market mechanism
(b) central allocative machinery
(c) market mechanism regulated by government policy
(d) market mechanism guided by government participation and planning
Q15. One of the objectives of Industrial Licensing Policy in India was to ensure
(a) creation of adequate employment opportunities
(b) free flow of foreign capital in Indian industries
(c) use of modern technology
(d) balanced industrial development across regions

Q1. The concept of'Micro Credit' essentially concentrates on?


(a) consumption smoothening as and when needed
(b) providing safe place to hold savings
(c) accepting deposits
(d) provision of credit to the poor

Q2. Which of the following will set up core banking infrastructure for rural banks?
(a) SIDBI
(b) IBA
(c) RBI
(d) NABARD

Q3. Which organization provides credit history of the borrowers?


(a) CIBIL
(b) CII
(c) FRBI
(d) IRDA

Q4. Collective consumption means


(a) Household consumption
(b) Individual consumption
(c) Self-consumption
(d) Consumption by the citizens of the country

Q5. Increase in cash reserve ratio leads to


(a) Increase in bank credit
(b) Decrease in bank credit
(c) Constant bank credit
(d) Excess bank credit

Q6. The Phillip’s curve is the schedule showing the relationship between
(a) Aggregate supply and demand
(b) Total saving and investment
(c) The rate of unemployment and rate of inflation
(d) Demand for and supply of loanable funds

Q7. Economics is a
(a) Computer science
(b) Physical science
(c) Social science
(d) Natural science

Q8. Extreme forms of market are


(a) Perfect competition, monopolistic
(b) Perfect competition, monopoly competition
(c) Perfect competition oligopoly
(d) Oligopoly monopoly

Q9. Tooth paste is a product sold under


(a) Monopolistic competition
(b) Perfect Competition
(c) Monopoly
(d) Duopoly

Q10. For an inferior good, demand falls when


(a) Price rises
(b) Income rise
(c) Price falls
(d) Income falls

Q11. Equilibrium price is the price when


(a) Supply is greater than demand
(b) Supply is less than demand
(c) Demand is very high
(d) Supply is equal to demand

Q12. Price theory is also known as


(a) Macro Economics
(b) Development Economics
(c) Public Economics
(d) Micro Economics

Q13. Who defined investment as “the construction of a new capital asset like
machinery or factory building”?
(a) Hansen
(b) JM Keynes
(c) Harrod
(d) JR Hicks

Q14. In Economics the ‘Utility’ and ‘Usefulness’ have


(a) Same meaning
(b) Different meaning
(c) Opposite meaning
(d) None of the above
Q15. An exceptional demand curve is one that moves
(a) Upward to the right
(b) Downward to the right
(c) Horizontally
(d) Vertically

Q1. The Centre for Agricultural Marketing is located at


(a) Jaipur
(b) New Delhi
(c) Nagpur
(d) Hyderabad

Q2. Which of the following is not a part of national income?


(a) Wages and Salaries
(b) Profits
(c) Rent
(d) Interest on national debt

Q3. Lender of the Last Resort is:


(a) SBI
(b) IDBI
(c) NABARD
(d) RBI

Q4. Deen Dayal Antyodaya Yojana launched on September 25, 2014 is related
to:
(a) Skill development in rural and urban areas
(b) Food security to old age rural people
(c) Poverty alleviation among SC/ST
(d) Women empowerment

Q5. Dr. P. Rama Rao Committee is related to which of the following?


(a) Taxes
(b) Defence
(c) Industry
(d) Agriculture

Q6. The PURA Scheme which envisages the provision of urban amenities in
rural areas in India was advocated for the first time by
(a) Dr. M.S. Swaminathan
(b) Sri. A.P.J Abdul Kalam
(c) Dr. Arvind Subramanian
(d) Prof. Dinshaw Mistry

Q7. National Income can be calculated in all except one of the following ways:
(a) sum of all expenditures
(b) sum of all outputs
(c) sum of all savings
(d) sum of all incomes

Q8. In the national context which of the following indicates Macro Approach?
(a) Inflation of India
(b) Sales of Bata Shoe Company
(c) Exports of Mangoes to UK by a private firm
(d) Income from Railways

Q9. State Bank of India was previously known as:


(a) Imperial Bank of India
(b) Canara Bank
(c) Syndicate Bank
(d) Co-operative Bank of India

Q10. The one rupee note bears the signature of:


(a) Governor, Reserve Bank of India
(b) Finance Minister
(c) Secretary, Ministry of Finance
(d) None of these

Q11. SIDBI stands for:


(a) Small Industrial Designed Bank of India
(b) Small Industries Development Bank of India
(c) Small Innovations Development Banker’s Institute
(d) Small Industries Development Banker Institute

Q12. How does agriculture promote the Indian industrial development?


(a) By opening up market for industrial products
(b) By providing food to labourers
(c) By supplying raw materials
(d) All of the given options

Q13. The Industrial Development Bank of India was set up in


(a) July, 1968
(b) July, 1966
(c) July, 1964
(d) July, 1962

Q14. The second plan gave priority to


(a) Agriculture
(b) Services
(c) Heavy Industry
(d) Foreign Trade

Q15. Small farmers in the country have been defined as those farmers having
land holding of
(a) below one hectare
(b) one to two hectare
(c) two to three hectare
(d) three to four hectare
Q1. The implementation of Jawahar Rojgar Yojana rests with
(a) Gram Panchayats
(b) District Collectors
(c) State Governments
(d) Union Government

Q2. The RBI issues currency notes under the


(a) Fixed Fiduciary System
(b) Maximum Fiduciary System
(c) Fixed Minimum Reserve System
(d) Proportional Reserve System

Q3. The Accounting Year of Reserve Bank of India runs from:


(a) April to March
(b) July to June
(c) January to December
(d) August to July

Q4. The fish catch by Indian fishermen in the international waters are part of
the GDP of
(a) Sri Lanka
(b) India and Sri Lanka
(c) India
(d) India and Indonesia

Q5. While computing national income estimates, which of the following is


required to be observed?
(a) The value of exports to be added and the value of imports to be subtracted
(b) The value of exports to be subtracted and the value of imports to be added
(c) The value of both exports and imports to be added
(d) The value of both exports and imports to be subtracted

Q6. Which one of the following is not an objective of Fiscal Policy in India?
(a) Full Employment
(b) Price Stability
(c) Equitable Distribution of Wealth and Incomes
(d) Regulation of International Trade

Q7. Which one of the following is not a quantitative credit control measure of
Central Bank?
(a) Bank Rate Policy
(b) Open Market Operations
(c) Cash Reserve Ratio
(d) Moral Suasion

Q8. Which of the following is deducted from NNP to arrive at NI?


(a) Indirect Tax
(b) Capital consumption allowance
(c) Subsidy
(d) Interest

Q9. The best example of a capital intensive industry in India is


(a) Textile Industry
(b) Steel Industry
(c) Tourism Industry
(d) Sports Goods Industry

Q10. India’s Balance of Payments can be correct through


(a) Devaluation of currency
(b) Vigorous export promotion
(c) Import substitution
(d) All of the above

Q11. Taxation is a tool of


(a) Monetary policy
(b) Fiscal policy
(c) Price policy
(d) Wage policy

Q12. Who advocated the adoption of ‘PURA model to eradicate rural poverty?
(a) M.S. Swaminathan
(b) Maulana Abul Kalam Azad
(c) Dr. A.P.J. Abdul
(d) A.M. Khusro

Q13. Monetary policy in India is formulated by:


(a) Finance Ministry
(b) RBI
(c) SEBI
(d) CLB

Q14. The largest component of National Income in India is


(a) Service Sector
(b) Agriculture
(c) Industrial Sector
(d) Trade Sector

Q15. In a developing country like India, in which sector a high rate of disguised
unemployment exists?
(a) Corporate Sector
(b) House-hold Sector
(c) Service Sector
(d) Agricultural Sector

Q1. According to the NCAER, export growth is lower and import growth is higher in
1994 to 1995 due to
(a) Higher output of industries
(b) High agricultural output
(c) Exchange rate variation
(d) None of the above

Q2. An acknowledgement under the seal of the company of a debt or a loan is a


(a) Warrant
(b) Share
(c) Zero coupon bond
(d) Debenture

Q3. As in other countries, money in India consists of


(a) Metallic coins
(b) Paper Currency
(c) Current deposits
(d) All of the above

Q4. Indian agriculture is typically characterised as :


(a) land surplus, labour scare economy
(b) land surplus, labour surplus economy
(c) land scare, labour surplus economy
(d) land scare, labour scare economy

Q5. Currency notes in India are printed and supplied by the


(a) Security Press, Nasik
(b) Security Press, Mumbai
(c) Security Press, Noida
(d) Reserve Bank of India, New Delhi

Q6. The term Green Revolution has been used to indicate higher production
through :
(a) creation of grasslands
(b) planting more trees
(c) creation of gardens in urban areas
(d) enhanced agricultural productivity per hectare

Q7. Devaluation of currency leads to


(a) Fall in domestic prices
(b) Increase in domestic prices
(c) No impact on domestic prices
(d) Erratic fluctuations in domestic prices

Q8. How many times has the Indian currency been demonetized so far?
(a) Once
(b) Twice
(c) Thrice
(d) Never
Q9. Rekhi Committee deals with
(a) Direct Taxes
(b) Indirect Taxes
(c) Banking Sector
(d) Bank Scam

Q10. If all the banks in an economy are nationalized and converted into a
monopoly bank, the total deposits
(a) Will decrease
(b) Will increase
(c) Will neither decrease nor increase
(d) None of the above

Q11. If the cash reserve ratio is lowered by the RBI, its impact on credit creation
will be to
(a) Increase it
(b) Decrease it
(c) No impact
(d) None of the above

Q12. The Green Revolution in India was the outcome of the efforts of who amongst
the following?
(a) M.S. Swaminathan
(b) C. Rangrajan
(c) K.V. Kamath
(d) Rakesh Mohan

Q13. In India’s exports, the largest share today is from


(a) The EEC countries
(b) The OPEC group
(c) The east European countries
(d) The ESCAP region

Q14. Net exports are negative when


(a) Exports are more than imports
(b) Imports are more than exports
(c) Net investment is positive
(d) None of the above

Q15. India’s objective under the plans has been to achieve


(a) Growth with or without stability
(b) Stability, whether there is growth or not
(c) Growth with stability
(d) None of above
Q1. In oligopoly, when the industry is dominated by one large firm which his
considered as leader of the group, then it is called:
(a) Full oligopoly
(b) Collusive oligopoly
(c) Partial oligopoly
(d) Syndicated oligopoly

Q2. When the products are sold through a centralized body, oligopoly is known
as
(a) Organized oligopoly
(b) Partial oligopoly
(c) Competitive oligopoly
(d) Syndicated oligopoly

Q3. What is the approximate share of SSIs in gross industrial value added in the
Indian economy?
(a) 25%
(b) 30%
(c) 5%
(d) 40%

Q4. Consider the following statements:


1. The Fifth Economic Census was conducted by CSO in the year 2007.
2. Intelligent Character Recognition (ICR) technology is being used for detailed
processing of the data collected in the Fifth Economic Census.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

Q5. Which one of the following is the proposed currency of the Gulf Cooperation
Council (GCC) ?
(a) Khaleeji
(b) Sucre
(c) Minar
(d) None of these

Q6. When the monopolist divides the consumers into separate sub markets and
charges different prices in different sub-markets it is known as
(a) First degree of price discrimination
(b) Second degree of price discrimination
(c) Third degree of price discrimination
(d) None of the above
Q7. Under ____________ the monopolist will fix a price which will take away the
entire consumers’ surplus.
(a) Second degree of price discrimination
(b) First degree of price discrimination
(c) Third degree of price discrimination
(d) None of the above

Q8. Price discrimination is related to


(a) Time
(b) Size of the purchase
(c) Income
(d) Any of the above

Q9. The firm and the industry are one and the same in _____________
(a) Perfect competition
(b) Monopolistic competition
(c) Duopoly
(d) Monopoly

Q10. The demand curve of a monopoly firm will be _______


(a) Upward sloping
(b) Downward sloping
(c) Horizontal
(d) Vertical

Q11. If the average cost is higher than the average revenue then the firm incurs
________
(a) Normal profit
(b) Abnormal profit
(c) Loss
(d) No profit, no loss

Q12. Which of the following statements is correct?


(a) Price rigidity is an important features of monopoly
(b) Selling cots are possible under perfect competition
(c) Under perfect competition factors of production do not move freely as there are
legal restrictions
(d) An industry consist of many firms

Q13. Which of the following statements is incorrect?


(a) Under monopoly there is no difference between a firm and an industry
(b) A monopolist may restrict the output and raises the price
(c) Commodities offered for sale under a perfect competition will be heterogeneous
(d) Product differentiation is peculiar to monopolistic competition
Q14. Which one of the following factors is taken into account to calculate the
Balance of Payment (BOP) of a country ?
(a) Current Account
(b) Changes in the Foreign Exchange Reserves
(c) Errors and Omissions
(d) All of the above

Q15. What does S & P 500 relate to ?


(a) Super computer
(b) A new technique in e-business
(c) A new technique in bridge building
(d) An index of stocks of large companies

You might also like