A) Industries in which there are neither imports nor exports.
B) Import competing industries.
C) Industries that sell to domestic and foreign buyers.
D) Industries that sell to domestic and foreign buyers.
Ans) B
(2) Which among the following will be classified as non-tariff barrier ?
I. Phyto-sanitary measures.
II. Import and export licensing.
III. Countervailing duty IV. Environmental standards
Select the answer from the code given below.
Codes :
A) All the four above.
B) I and II
C) I and IV
D) III and IV
Ans) C
(3) Who developed the use of trade indifference curves in the analysis of trade theory ?
A) J.E. Meade
B) A. Marshall
C) A.P. Lerner
D) B. Ohlin
Ans) A
(4) Which among the following is not the main areas of BASEL III norms ?
A) Risk coverage
B) Bank branch expansion
C) Adequate capital provision
D) Adequate liquidity
Ans) B
(5) Which among the following is most volatile flow of foreign exchange ?
A) Foreign Direct Investment
B) External Commercial Borrowings
C) Foreign Portfolio Investment
D) Foreign aid by IMF and World Bank
Ans) C
(6) The Second Green Revolution in India is necessitated by
I. Productivity in agriculture is stagnating.
II. Diversification of agriculture has not progressed much.
III. Exports of agricultural commodities have declined.
Select the correct answer from the codes given below :
Codes :
A) I and II
B) II and III
C) I and III
D) I only
Ans) A
(7) Which among the following is not included in the Small Savings Scheme ?
A) Unit Trust of India
B) National Savings Certificate
C) Kisan Vikas Patra
D) Sukanya Samridhi Accounts Yojana
Ans) A
(8) In which of the following year, all tax revenues of Centre have become shareable among the Centre and States ?
A) 2000 AD
B) 2003 AD
C) 2007 AD
D) 1998 AD
Ans) A
(9) Which arrangement of following would show the correct sequence of demographic transition as typically associated with economic development ?
I. High birth rate with high death rate.
II. High birth rate with low death rate.
III. Low birth rate with low death rate.
Select the correct answer from the codes given below :
Codes :
A) I, II & III
B) II, I & III
C) III, II & I
D) I, III & II
Ans) A
(10) If with the increase in income, the percentage of income collected as tax remains constant, tax will be called -
A) Regressive
B) Progressive
C) Proportional
D) Neutral
Ans) C
(11) Consider the following liquid assets :
I. Demand deposits with the banks.
II. Time deposits with the banks.
III. Saving deposits with the banks.
IV. Currency
The correct sequence of these in the ascending order of liquidity is
Codes :
A) IV, III, II, I
B) I, IV, III, II
C) II, III, I, IV
D) IV, I, III, II
Ans) C
(12) Given the budgetary parameters including public expenditure remaining the same, then as a result of imposition of a tax, if the pattern of distribution of income changes, then such an incidence is called -
A) Effective incidence
B) Monetary incidence
C) Relative incidence
D) Specific tax incidence
Ans) D
(13) Assertion (A) : The sale of T-bills is conducted through an auction.
Reason (R) : The method helps in price discovery.
Select the answer from the code below :
A) (A) is true, but (R) is false.
B) Both (A) and (R) true.
C) (A) is false, but (R) is true.
D) Both (A) and (R) are false.
Ans) B
(14) The social cost curve lies above the private cost curve for the producer in case of which of the following ?
A) Positive externalities
B) Negative externalities
C) Public goods
D) Near-public goods
Ans) B
(15) Which one of the following is true in case of Performance and Programme Budgeting System ?
A) Its emphasis is on outcome only.
B) Its emphasis is more on outcome and less on expenditure allocation.
C) Its emphasis is on expenditure allocation only.
D) Its emphasis is more on expenditure allocation and less on outcome.
Ans) B
(16) Who among the following has developed the concept of 'Effective incidence' of a tax ?
A) Ursula K. Hicks
B) J.R. Hicks
C) H. Dalton
D) A.C. Pigou
Ans) A
(17) Voting fails to generate the efficient quantity of a public good because -
A) Lobbying groups use bribes to change people's votes.
B) Public good are not depleted by consumption.
C) Public goods cannot be withheld from consumption.
D) Voting deos not accurately reflect the magnitude of benefits from public goods.
Ans) D
(18) Which is not a sampling distribution ?
A) Student's 't' distribution
B) Fisher's 'F' distribution
C) Poisson distribution
D) Chi square distribution
Ans) C
(19) Co-efficient of correlation is independent of which of the following ?
A) Change of origin only
B) Change of scale only
C) Change of origin and scale
D) None of these
Ans) C
(20) Which of the following is not satisfied for independence of two events A and B ?
A) P(A/B) = P(A)
B) P(B/A) = P(B)
C) P(A,B) = P(A) P(B)
D) P(A,B) = P(A)+P(B)
Ans) D
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