(1) Which among the following is not correctly matched ?
A) Goden age : Mrs. Joan Robinson
B) Golden rule of accumulation : Edmund Phelps
C) Steady state growth : Robert Solow
D) Low income equilibrium trap : T.R. Malthus
Ans) D
(2) Renewed focus to control increasing population is required from the viewpoint of women because :
A) Family planning programme needs to be reoriented keeping in view the reproductive health rights of women.
B) Increased budget needed to provide quality services to women.
C) Increased number of women councellers needed for health and youth friendly services.
D) All of the above.
Ans) D
(3) Match List-I with List-II and select the correct answer:
List-I
a) Supply side of international trade
b) Demand side of international trade
c) Opportunity cost of international trade
d) Real cost theory of international trade
List-II
i) David Ricardo ii) Bastable and Alfred Marshall iii) G. Haberler iv) Alfred Marshall and Edgeworth
Codes :
a b c d
A) i iv ii iii
B) i iv iii ii
C) iv i ii iii
D) iv i iii ii
Ans) D
(4) Justice in taxation is best ensured by applying the principle of :
A) Equal marginal sacrifice
B) Equal proportional sacrifice
C) Equal absolute sacrifice
D) None of the above
Ans) A
(5) All the funds which belongs to Government go to :
A) Public account
B) Consolidated fund
C) Contingency fund
D) Revenue account
Ans) B
(6) 'Gender budgeting' means :
A) A separate budget for women
B) A tool for gender empowerment
C) A tool for gender discrimination
D) A separate budget for men and women
Ans) B
(7) Which sector in India has developed breaking the Colin Clark sequence of development ?
A) Export sector
B) Primary sector
C) Secondary sector
D) Service sector
Ans) D
(8) Match List-I with List-II by selecting correct codes given below :
List-I
a) Liquidity trap b) Demonstration effect
c) Permanent income hypothesis d) Wealth effect
List-II
i) M. Friedman ii) A.C. Pigou iii) J. Duesenberry iv) J.M. Keynes
Codes :
a b c d
A) iv iii i ii
B) i ii iv iii
C) iv ii i iii
D) i iii iv ii
Ans) A
(9) An over-valued currency will have which of the following effects :
A) Make exports and imports equally costly.
B) Make exports and imports equally cheaper.
C) Make imports relatively more costly.
D) Make imports relatively cheaper.
Ans) D
(10) Assertion (A) : Marshall-Lerner condition should be fulfilled if devaluation is to be successful.
Reason (R) : Devaluation makes exports costly and imports cheaper.
Codes :
A) Both (A) and (R) are correct
B) Both (A) and (R) are not correct
C) (A) is correct but (R) is not correct explanation of (A)
D) (A) is correct and (R) is correct reason of (A)
Ans) C
(11) Productivity changes in domestic export industry are incorporated in which types of terms of trade ?
A) Income terms of trade
B) Single factoral terms of trade
C) Gross barter terms of trade
D) None of the above
Ans) B
(12) Select the pair of economists, who first gave the canons of taxation and public expenditure :
A) R.N. Bhargav and R.A. Musgrave
B) Adam Smith and Findlay Shirras
C) A.C. Pigou and David Ricardo
D) A.R. Prest and Ursula K Hicks
Ans) B
(13) Following are some of the effects of parallel economy in India :
a) Loss of revenue to the Government.
b) Greater burden on honest tax-payers.
c) Results in equitable distribution of wealth and income.
d) Encouragement to non-essential items of conspicuous consumption.
Find the correct combination from the codes given below :
A) a), b), c)
B) a), b), d)
C) b), c), d)
D) a) and d)
Ans) B
(14) Reference period for the Neonatal Mortality Rate in India :
A) Three months after birth
B) One month after birth
C) 28 days after birth
D) None of the above
Ans) C
(15) Who suggested to Government of India to introduce expenditure tax ?
A) N. Kaldor
B) J.R. Hicks
C) B. Hanson
D) Ursula Hicks
Ans) A
(16) Which of the following is financing agency provide finance to micro and small business ?
A) SIDBI
B) MUDRA
C) NABARD
D) KCC
Ans) B
(17) Who said, "Inflation is unjust and deflation is inexpedient" ?
A) A.K. Sen
B) J.R. Hicks
C) A.C. Pigou
D) J.M. Keynes
Ans) D
(18) Which Tax is imposed solely by the Government of India ?
A) Sales Tax
B) Excise Tax
C) Custom duty
D) Octroi duty
Ans) C
(19) India's 'Green Actions' can be made effective by :
A) Increase in excise duty on petrol and diesel.
B) Translating coal cess into a 'carbon tax'.
C) Significantly promoting the renewable sources of energy.
D) All of the above.
Ans) D
(20) Which of the following are the conditions of economic viability and technological feasibility of Leontief's static model ?
A) Kuhn - Tucker conditions
B) Hawkins - Simon conditions
C) Klein - Rubin conditions
D) Von Newman - Morgenstein conditions
Ans) B
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