A) Unbalanced budget
B) Surplus budget
C) Balanced budget
D) None of these
Ans) C
(2) Match the following :
List-I
a) Fiscal deficit b) Revenue deficit
c) Budgets of deficit d) Capital deficit
List-II
i) Revenue and interest receipt minus revenue expenditure
ii) Revenue receipts and recovery of loans and other receipt minus total expenditure plus total borrowings
iii) Receipts minus disbursement in capital account
iv) Total receipts and total disbursements
Codes :
a b c d
A) i ii iii iv
B) ii i iv iii
C) iii ii iv i
D) iv iii i ii
Ans) B
(3) Efficiency requires that the production of pure public goods be undertaken to the point where ?
A) The sum of the marginal private benefits is exactly equal to the marginal social cost of production.
B) The marginal private benefit is exactly equal to the marginal social cost of production.
C) The marginal social cost exceeds the sum of the marginal private benefits.
D) None of the above.
Ans) A
(4) Which of the following pairs is not correctly matched :
A) Rekhi committee : Simplification of export and import procedures
B) Nanmjundappa committee : Railway fare
C) Rangarajan committee : Balance of payments
D) Goiporia committee : Banking service improvements
Ans) A
(5) Consider the following statements :
I) The Repo Rate is the rate at which other banks borrow from the Reserve Bank of India.
II) A value of 1 for Gini Coefficient in a country implies that there is perfectly equality in income distribution.
Which among the above are correct ?
A) II only
B) I only
C) Both I and II
D) Neither I nor II
Ans) B
(6) Retail Banking is to provide banking services :
A) Only to individual customers in an integrated manner
B) Entirely to agriculture sector only
C) Only to self-help group for their survival
D) None of the above
Ans) A
(7) Labour market reforms aims at :
A) Job security
B) Minimum wage
C) Labour market flexibility
D) Employment insurance
Ans) C
(8) Jan-Dhan Yojna concerns :
A) Credit
B) Tax payment
C) Bank deposit
D) Insurance premium
Ans) C
(9) If mean=28 and mode=25, the value of median will be :
A) 27
B) 29
C) 24
D) 25
Ans) A
(10) If the probability of solving a statistical problem by A is 1/4 and by B is 1/3 ; when a problem is given to them, probability that the problem will be solved is ?
A) 1/2
B) 7/12
C) 1/12
D) 2/3
Ans) A
(11) Type-I error is defined as :
A) Reject Null-hypothesis when it is false.
B) Reject Null-hypothesis when it is true.
C) Accept Null-hypothesis when it is true.
D) Accept Null-hypothesis when it is false.
Ans) B
(12) Which one of the following is not a method of sampling ?
A) Systematic sampling
B) Quota sampling
C) Snowball sampling
D) Large sampling
Ans) D
(13) Growth in software industry in India can be best explained by :
A) Porter's approach
B) Ricardo's approach
C) Vernon's approach
D) Bella Balassa's approach
Ans) A
(14) The form of multi commodity terms of trade is most closely related to :
A) Laspeyre's index number
B) Paasche's index number
C) Edgeworth - Marshall Index number
D) Fisher's index number
Ans) A
(15) If the foreign offer curve has an unitary elasticity, then the optimum tariff will be :
A) Unity
B) Infinity
C) Zero
D) -1
Ans) C
(16) An overvalued Indian rupee in the foreign exchange market will have which one of the following consequence ?
A) Make imports cheaper and export costlier.
B) Make imports costlier and exports cheaper.
C) Give protection to domestic industry against foreign competition.
D) Will improve balance of payments.
Ans) A
(17) Which of the following issues were not addressed in Uruguay Round ?
A) Migration
B) IPRs
C) Services
D) Tariff
Ans) A
(18) The term of trade refer to :
A) The excess of import expenditure over export earnings.
B) Trade argument between two nations.
C) The ratio between export and import prices.
D) The terms and conditions on which a country is offered loan in the event of BOP difficulties.
Ans) C
(19) 'Plan Holiday' in Indian planning is identified with the period :
A) 1966 - 69
B) 1979 - 81
C) 1985 - 87
D) 1991 - 93
Ans) A
(20) Assertion (A) : Pareto optimality criterion cannot be used alone to measure welfare level of the people.
Reason (R) : The concept Pareto optimality fails in case of externalities, public goods and missing markets.
A) Both (A) and (R) are true and (R) is the correct explanation of (A).
B) Both (A) and (R) are true and (R) is not the correct explanation of (A).
C) (A) is true, (R) is false.
D) (R) is true, (A) is false.
Ans) B
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