Research Officer 2021, Solved Questions (Economics) - Part 1

Post: Research Officer (Economics and Statistics)

Question paper code: 123/2021

Date of exam: 30.11.21

1. Match the following five year plan with their objectives : 

(i) Third Five year Plan (a) Attainment of Self Reliance 

(ii) Fourth Five Year Plan (b) Growth with Stability 

(iii) Fifth Five Year Plan (c) Make a self-reliant and self generating Economy 

(iv) Ninth Five Year Plan (d) Growth with social Justice and Equality 

(A) (i)-(a); (ii)-(b) ; (iii)-(c); (iv)-(d) 

(B) (i)-(c); (ii)-(b) ; (iii)-(a); (iv)-(d) 

(C) (i)-(d); (ii)-(c) ; (iii)-(a); (iv)-(b) 

(D) (i)-(b); (ii)-(d) ; (iii)-(a); (iv)-(c)

Ans) B

2. Which of the following with regard to the aims of the “The Methanol Economy Programme” initiated by NITI Aayog are correct?

(i) Reduce oil import bills

(ii) Reduce Green House Gases

(iii) Convert Indian coal reserves and municipal solid waste into methanol

(iv) Create New Jobs by setting up Methanol Plants

(A) Only Statement (i), (ii) and (iii) are correct

(B) Only Statements (i), (iii) and (iv) are correct

(C) All the statements are true

(D) NITI Aayog has not initiated a programme named as the Methanol Economy Proramme till date

Ans) C

3. Among the following who is not a member of the Governing Council of NITI Aayog :

(A) President, Government of India

(B) Prime Minister, Government of India

(C) Ex officio Members, NITI Aayog

(D) Chief Minister, Government of Kerala

Ans) A

4. Which of the following is/are not true about the recommendation made by the 15th Finance Commission?

(i) The share of the states in the sharable amount of taxes is increased from 41% to 45%

(ii) All states must constitute a State Finance Commission (SFC) on or before March 2024

(iii) The Professional Tax levied by the Local Governments may be kept unchanged for the next five years

(iv) The size of the grant to the local government can be 20% of the states share

(A) Statement (i) and (iii) are true 

(B) Statement (ii) and (iv) are true

(C) Only statement (ii) is true 

(D) All statements are False

Ans) C

5. The first State Finance Commission of Kerala Was constituted on :

(A) 23rd April 1994 

(B) 23rd April 2004

(C) 1st April 1995 

(D) 1st April 2005

Ans) A

6. The Special Purpose Vehicle (SPV) for implementation of major projects in Local Self Governments in Kerala :

(A) INVEST KERALA 

(B) KERALA DEVELOPMENT LTD

(C) ARDRAM KERALA 

(D) IMPACT KERALA

Ans) D

7. Which among is not a part of the Document submitted to the parliament along with Budget speech by the Finance Minister?

(A) Statement of Income from Direct and Indirect taxes

(B) Annual Financial Statement (AFS)

(C) Output Outcome Monitoring Framework

(D) Demands for Grants (DG)

Ans) A

8. The scheme associated with providing ‘record of Rights’ to the property owners in rural area by Government of India is :

(A) Mission Karmayogi 

(B) SVAMITVA Scheme

(C) Sahakar Mitra Scheme 

(D) Stand Up India Scheme

Ans) B

9. The first Scientific Attempt to Measure National Income of India in 1931 was made by :

(A) Vadia and Joshi 

(B) V. K. R. V. Rao

(C) Dadabhai Naoroji 

(D) Shah and Khambata

Ans) B

10. Among the following, which are the schemes that are networked to provide “bare necessities” to a household by the Government of India :

(A) Swachh Bharat Mission, Atal Pension Yojana, Jal Jeevan Mission, Saubhagya Yojana

(B) Swachh Bharat Mission, Pradhan Mantri Vaya Vandana Yojana, Pradhan Mantri Mudra Yojana , Saubhagya Yojana

(C) Swachh Bharat Mission, Pradhan Mantri Awaas Yojana, Jal Jeevan Mission,

Saubhagya Yojana

(D) Swachh Bharat Mission, Pradhan Mantri Awaas Yojana, Jan Suraksha Yojana, Pradhan Mantri Ujjwala Yojana

Ans) C

11. Assume that a country produces only bread and it produced 2000 units of bread for the year 2010 at a price of Rs. 25 per bread. In 2011, the total amount of bread it produced increased to 2200 and the price was Rs.30 per bread. Taking 2010 as base year, what is the GDP deflator in percentage terms?

(A) 20%  

(B) 80%

(C) 100% 

(D) 120%

Ans) D

12. Ministry that is responsible for preparation of National Income Accounts in India :

(A) Ministry of Finance

(B) Ministry of Central Statistical and Program Implementation

(C) Ministry of National Income Accounting

(D) Ministry of Home Affairs

Ans) B

13. Which of the following is not correct :

(A) NNPFC = GDPMP – Depreciation + Net income from abroad – Indirect Taxes +

Subsidies

(B) NDPMP = NNPFC – Net income from abroad + Indirect tax – subsidies

(C) NDPFC = GNPFC – Depreciation + Net income from abroad – Indirect tax +

Subsidies

(D) GDPMP = NNPMP – Net income from abroad + Depreciation

Ans) C

14. Number of Public Sector Units under the Department of Industries and Commerce Government of Kerala for the year 2019-20 are :

(A) 32 

(B) 42

(C) 52 

(D) 62

Ans) B

15. As per the Population census of 2011, among the following district which has a lower literacy rate than the overall literacy rate of the state of Kerala :

(A) Thiruvananthapuram 

(B) Kannur

(C) Kozhikode 

(D) Alappuzha

Ans) A

16. Among the following sentences, choose the wrong one :

(A) Since Independence, Andaman and Nicobar Islands has shown highest increase in Sex ratio where Daman and Diu has shown largest decrease in sex ratio

(B) As per Census 2011, taking all states and Union territories of India, Puducherry

and Kerala are the only region where sex ratio is more than 1000

(C) As per Census 2011, Child Sex ratio in all states and Union Territories of India

are less than 1000

(D) The overall Sex ratio of India has been on an increase in every census since

Independence

Ans) D

17. Among the following, which is not one of the criteria used to measure deprivation in the Socio Economic and Caste Census of 2011 :

(A) Households with No able bodied members

(B) Female Headed households

(C) Household with only one room with no solid walls and roof

(D) Household with out a Sanitary Latrine

Ans) D

18. According to the Economic survey of 2020-21,the highest rice and wheat producing state in India are :

(A) West Bengal and Uttar Pradesh

(B) West Bengal and Punjab

(C) Uttar Pradesh and Madhya Pradesh

(D) Uttar Pradesh and Punjab

Ans) A

19. Match the following related to Poverty estimation in India :

(i) Working Group (a) Mixed Reference Period

(ii) VM Dandekar and R Rath (b) Calorie Norms

(iii) Tendulkar Committee (c) Poverty Line Rs. 972 in Rural Areas

and Rs. 1,407 in Urban Areas

(iv) Rangarajan Committee (d) Minimum Requirement for a healthy

living

(A) (i)-(a) ; (ii)-(b) ; (iii)-(c) ; (iv)-(d) 

(B) (i)-(d) ; (ii)-(c) ; (iii)-(b) ; (iv)-(a)

(C) (i)-(d) ; (ii)-(b) ; (iii)-(a) ; (iv)-(c) 

(D) (i)-(a) ; (ii)-(c) ; (iii)-(d) ; (iv)-(b)

Ans) C

20. The inflation target of the Central Government of India, (in consultation with RBI) for the year April 1,2021 to March 31, 2026 is set at :

(A) 4% (with the upper tolerance level of 6% and the lower tolerance level of 2%)

(B) 4.5% (with the upper tolerance level of 5.5% and the lower tolerance level of 3.5%)

(C) 3.5% (with the upper tolerance level of 5.5% and the lower tolerance level of 1.2%)

(D) 4% (with the upper tolerance level of 5.5% and the lower tolerance level of 2.5%)

Ans) A

(*Based on provisional answer key)