A) A reduction in interest rate
B) Discouraging capital inflows
C) An increase in interest rate
D) Restricting remittances
Ans) C
(2) In the terminology of WTO, which among the following is not an amber box subsidy ?
A) Minimum support price of cereals
B) Subsidy on seeds
C) Subsidy on irrigation rates
D) Cost of government pest control and management
Ans) D
(3) Which among the following rates is independently determined in India ?
A) Repo rate
B) Reverse Repo Rate
C) Both (A) and (B)
D) Neither (A) nor (B)
Ans) A
(4) The main objectives of the 12th Five Year Plan are -
A) Inclusive growth and poverty reduction
B) Inclusive and sustainable growth
C) Faster, sustainable and more inclusive growth
D) Sustainable and inclusive growth to reduce poverty and unemployment
Ans) C
(5) Which of the following are not considered as flow variables in economic analysis ?
A) Supply and demand
B) Saving and investment
C) Money supply and public debt
D) Exports and imports
Ans) C
(6) Which of the following is included in M1 ?
A) Savings deposits
B) Demand deposits
C) Gold stock
D) Assets under money market mutual funds
Ans) B
(7) Arrange the following committees appointed in India the chronological order :
I. Urjit Patel Committee II. Goiporia Committee III. Narasimhan Committee
IV. Chakravarti Committee
Answer from the codes given below :
Codes :
A) I, II, III, IV
B) IV, II, III, I
C) III, I, II, IV
D) II, IV, I, III
Ans) B
(8) Arrange the following climate events in chronological order :
I. Kyoto protocol II. Earth summit
III. Bali summit
Answer from the codes below :
Codes :
A) II, I, III
B) II, III, I
C) III, I, II
D) I, II, III
Ans) A
(9) A single window system in the cooperative sector coordinates
I. Supply of rural credit
II. Supply of agricultural inputs
III. Extension of marketing facilities
IV. Creation of warehousing facilities
Select the correct answer from the codes given below :
Codes :
A) I & II
B) I, II, III & IV
C) I, II & III
D) III & IV
Ans) B
(10) Consider the following reasons of continuous decline in average land holdings size in India :
a. Farm mechanisation b. Consolidation
c. Desire of land ownership
d. Law of inheritance
Select the correct answer from the codes given below :
Codes :
A) a, b, c
B) a, b, c & d
C) b, c & d
D) c & d
Ans) D
(11) In the open economy Input-Output model, A is the input-coefficients matrix, the viability condition to be satisfied is -
A) |I-A|≠0
B) |I-A|>0
C) |I-A|<0
D) All principal minors of the matrix (I-A) must be positive.
Ans) D
(12) Match the following :
List-I
a. Granger Test b. Dicky-Fuller Test
c. F-test d. Durbin-Watson 'd' test
List-II
i. Auto-correlation ii. Causality
iii. Stationarity iv. Overall significance of regression
Codes :
a b c d
A) iii i iv ii
B) iv ii iii i
C) i iii ii iv
D) ii iii iv i
Ans) D
(13) Given the following total cost and demand functions of a firm, find the price at which profits would be maximised :
C = 5Q²+20Q+10
P = 100-3Q
Where C=Total cost Q=Output P=Price
A) 95
B) 85
C) 100
D) 5
Ans) B
(14)
Consider the above diagram of a linear programming problem. If the optimum solution is at point A, then the slack variable(s) corresponding to which constraint(s) is/are non-zero ?
A) AB only
B) AB and CD
C) EF only
D) CD and EF
Ans) D
(15) In a two-variable regression Y is dependent variable and X is independent variable. If the correlation coefficient between Y and X is 0.7, then which one of the following result is correct ?
A) 7% variations in Y are explained by X.
B) 70% variations in Y are explained by X.
C) 49% variations in Y are explained by X.
D) 0.7% variations in Y are explained by X.
Ans) C
(16) Koyck's approach to econometric analysis deals with relationships involving:
A) Lagged explanatory variables
B) Qualitative explanatory variables
C) Exponential explanatory variables
D) None of the above
Ans) A
(17) For the demand function P=10-2x-0.5x², what is price elasticity of demand at X=2 ?
A) Zero
B) 0.5
C) 1
D) 1.5
Ans) B
(18) In a regression with 3 independent variables and 20 observations F value calculated is to be tested. What will be degrees of freedom for numerator and denominator in testing procedure ?
A) 2, 18
B) 3, 17
C) 3, 16
D) 3, 20
Ans) C
(19) Assertion (A) : An improvement in the income terms of trade is an indicator of increase in capacity to import.
Reason (R) : Income terms of trade can be computed by multiplying net barter terms of trade by the quantity of imports.
Select answer from the codes given below:
A) Both A and R are true and R is the correct explanation of A.
B) Both A and R are true, but R is not the correct explanation of A.
C) A is true, but R is false.
D) A is false, but R is true.
Ans) C
(20) Assertion (A) : Industrial development strategy in India is faced with the choice of scale, size and intensity of factor use.
Reason (R) : Factor imbalances and resource flows are not favourable to sustainable industrial development in India.
Select the correct answer from the codes given below :
A) Both A and R are true and R is the correct explanation of A.
B) Both A and R are true, but R is not the correct explanation of A.
C) A is true, but R is false.
D) A is false, but R is true.
Ans) A
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