A) More social security
B) More intensive growth
C) More skill development
D) More capital market
Ans) C
(2) Which one of the following is true for the General Fertility Rate ?
A) It is an actual measure of fertility.
B) It is a potential measure of fertility.
C) It is an actual measure of female population composition.
D) It is based on hypothetical age specific birth rate profile.
Ans) B
(3) Which among the following curves is used to depict the long run behaviour of population growth ?
A) Normal curve
B) Logistic curve
C) Exponential curve
D) Ogive
Ans) B
(4) Among the socio-economic factors responsible for high birth rate in India, we may include :
i) Large scale poverty ii) High mortality rate of children of poor parents
iii) Prevalence of under-age marriage
iv) Adverse sex-ratio
A) i and ii
B) I, ii and iv
C) i, iii and iv
D) i, ii and iii
Ans) D
(5) Match List-I with List-II and give the correct answer from the codes given below :
List-I (Event)
a) World Environment Day b) World Wildlife Day c) World Water Day
d) World Population Day
List-II (Date)
i) 11th July ii) 5th June iii) 3rd March
iv) 22nd March
Select the correct answer from the codes given below :
Codes :
a b c d
A) i ii iii iv
B) iii i iv ii
C) iv iii ii i
D) ii iii iv i
Ans) D
(6) The Coase theorem suggests that private negotiation will lead to the correction of market failure when
i) Only a few people are involved.
ii) Property rights are clearly recognised.
iii) Negotiation costs are low.
iv) People are having asymmetric information.
Select the correct answer from the codes given below :
Codes :
A) i, ii and iii must hold true.
B) i and iv must hold true.
C) i, ii and iv must hold true.
D) iv and iii must hold true.
Ans) A
(7) SLR can be defined as :
A) SLR = ER+I-CB/ L
B) SLR = ER-IS+CAB/ L
C) SLR = ER+IS+CAB/ L
D) SLR = L+CB+ER/ IS
Ans) C
(8) Which among the following measures would result in an increase in the money supply in the economy ?
I) Purchase of Government securities from the public by the Central Bank.
II) Deposit of currency in Commercial Banks by the public.
III) Borrowings by the Government from Central Bank.
IV) Sale of Government securities to the public by the Central Government.
Select the correct answer from the codes given below :
Codes :
A) I only
B) II and IV
C) I and III
D) II, III and IV
Ans) C
(9) Which of the following is generally called as aggregate monetary measure of money supply ?
A) M4
B) M1
C) M2
D) M3
Ans) D
(10) The traders reduce the risk of loss in currency fluctuations through which of the following ?
A) Speculations
B) Arbitrage
C) Hedging
D) None of the above
Ans) C
(11) Originally, the maximum and minimum limits of the Statutory Liquidity Ratio prescribed in India was :
A) 40 percent and 20 percent
B) 40 percent and 25 percent
C) 30 percent and 25 percent
D) 30 percent and 20 percent
Ans) B
(12) Assertion (A) : Monetarists disagreed with the Philips curve analysis.
Reason (R) : There are no unique correspondence of % inflation rate with % unemployment rate.
Answer from the codes below :
Codes :
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 and (R) is false.
Ans) A
(13) Who among the following economists considered the rate of interest to influence the transaction demand for money ?
A) P. Samuelson
B) W.J. Baumol
C) Keynes
D) I. Fisher
Ans) B
(14) Consider the following taxes :
i) Corporation Tax ii) Income Tax
iii) Service Tax iv) Union Excise Duties
Which of the following correctly describes their contribution, in describing order of importance, to the Central Government's Gross Tax Revenue ?
A) i, ii, iv, iii
B) ii, i, iii, iv
C) iii, ii, i, iv
D) iv, i, ii, iii
Ans) A
(15) Which Finance Commission has used forest cover as a criterion for horizontal distribution of resources in India ?
A) 10th Finance Commission
B) 12th Finance Commission
C) 13th Finance Commission
D) 14th Finance Commission
Ans) D
(16) Consider the following :
Assertion (A) : According to Peacock-Wiseman hypothesis, public expenditure increases overtime in a step by manner.
Reason (R) : This hypothesis is based on the displacement effect, concentration effect and inspection effect.
Select the correct answer from the codes given below :
Codes :
A) (A) is true, but (R) is false.
B) (A) is false, but (R) is true.
C) Both (A) and (R) are true, but (R) is not the correct explanation of (A).
D) Both (A) and (R) are true and (R) is the correct explanation of (A).
Ans) D
(17) In the Indian context, the studies of poverty were made by :
i) Dandekar and Rath ii) P.K. Bardhan
iii) B.S. Minhas iv) I.J. Ahluwalia
Select the correct answer from the codes given below :
Codes :
A) i and ii
B) ii and iii
C) i, ii and iii
D) i, ii, iii and iv
Ans) C
(18) Who among of the following is associated with the theory of optimal taxation ?
A) H. Dalton
B) R.A. Musgrave
C) U.K. Hicks
D) G. Mankiew
Ans) D
(19) To reach an economically efficient output level, the size of an excise tax imposed on a firm generating negative externality should be :
A) The firm's marginal cost.
B) The social marginal cost.
C) The difference between the social. marginal cost and the firm's marginal cost.
D) The sum of the social marginal cost and the firm's marginal cost.
Ans) C
(20) Which among the following economists was not concerned with the problem of surplus labour ?
A) W.A. Lewis
B) Gustav Renis and Fei
C) R. Nurkse
D) J.S. Mill
Ans) D
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