(A) The money supply is fully controlled
(B) Deficit financing take place
(C) Only export takes place
(D) Neither export nor import take place
Ans) D
2. Mixed economy means an economy where
(A) Both agriculture and industry are equally promoted by the state
(B) There is co-existence of private sector along with the public sector
(C) There is importance of small scale industries along with heavy industries
(D) Economy is controlled by military as well as civilian rules
Ans) B
3. The term National Income represents
(A) Gross National Product (GNP) at market prices minus depreciation
(B) Gross National Product (GNP) at market prices minus depreciation plus net factor income from abroad
(C) Gross National Product (GNP) at market prices minus depreciation and indirect taxes plus subsidies
(D) Gross National Product (GNP) at market prices minus net factor income from abroad
Ans) C
4. Which one of the following institutions prepares the National Income estimates in India ?
(A) Planning Commission
(B) Reserve Bank of India
(C) Central Statistical Organisation
(D) India Statistics Institute
Ans) C
5. The National Income of a country for a given period is equal to the
(A) Total value of goods and services produced by the nationals
(B) Sum of the total consumption and investment expenditure
(C) Sum of personal income of all individuals
(D) Money value of final goods and services produced
Ans) D
6. Which one of the following indicators is not used in the determination of Gender Development Index (GDI) in the Human Development Report (HDR) ?
(A) Life expectancy of female
(B) Female adult literacy and gross enrollment
(C) Female political empowerment
(D) Female per capita income
Ans) C
7. Economic growth in country X will necessarily have to occur if
(A) There is technical progress in the world economy
(B) There is population growth in X
(C) There is capital formation in X
(D) The volume of trade grows in the world economy
Ans) C
8. The main objective of the Twelfth Five Year Plan is
(A) Inclusive growth and poverty reduction
(B) Inclusive and sustainable growth
(C) Sustainable and Inclusive growth to reduce unemployment
(D) Faster, sustainable and more inclusive growth
Ans) D
9. The Rolling plan concept in Nation planning was introduced by
(A) Indira Gandhi government
(B) The National government
(C) The Janata Party government
(D) Rajiv Gandhi government
Ans) C
10. The Government of India has established NITI Aayog to replace the
(A) Human Rights Commission
(B) Finance Commission
(C) Law Commission
(D) Planning Commission
Ans) D
11. 'Basel III Accord' after seen in the news, seeks to
(A) Develop national strategies for the conservation of biological diversity
(B) Improve banking sector's ability to deal with financial risk management
(C) Reduce the green house gas emissions
(D) Transfer technology from developed countries to poor countries
Ans) B
12. What is 'NIKKEI' ?
(A) Share price index of Tokyo share market
(B) Name of Japanese Central Bank
(C) Japanese name of country's planning commission
(D) Foreign exchange market of Japan
Ans) A
13. Consider the following statements
I) The National Housing Bank (NHB), the apex institution of housing finance in India, was set-up as a wholly-owned subsidiary of the RBI.
II) The Small Industrial Development Bank of India (SIDBI) was established as a wholly-owned subsidiary of the Industrial Development Bank of India (IDBI)
Which of the statement(s) given above is/are correct ?
(A) Only I
(B) Only II
(C) Both I and II
(D) Neither I nor II
Ans) C
14. A rise in SENSEX means
(A) A rise in prices of shares of all companies registered with Bombay Stock Exchange
(B) A rise in prices of shares of all companies registered with National Stock Exchange
(C) A rise in prices of shares of all companies belonging to group of companies registered with Bombay Stock Exchange
(D) None of the above
Ans) C
15. Consider the following with policy reference to Indian Economy
I) Policy rate II) Open market operations
III) Public debt IV) Public reverse
Which of the policies given above is/are components of monetary policy are correct ?
(A) Only I
(B) II, III and IV
(C) I and II
(D) I, III and IV
Ans) C
16. Economic growth is usually coupled with
(A) Deflation
(B) Inflation
(C) Stagflation
(D) Hyper inflation
Ans) B
17. In India, inflation measured by the
(A) Wholesale Price Index number
(B) Consumer Price Index for urban non-manual worker
(C) Consumer Price Index for agriculture labours
(D) National Income Deflator
Ans) A
18. Which one of the following is likely to be the most inflationary, in its effect ?
(A) Repayment of public debt
(B) Borrowing from the public to finance a budget deficit
(C) Borrowing from banks to finance finance a budget deficit
(D) Creating new money to finance a budget deficit
Ans) D
19. Which one of the following measures is generally used by the government to contain the recession of the economy ?
(A) Increasing money supply
(B) Increasing government spending
(C) Decreasing taxation
(D) All of the above
Ans) D
20. With reference to inflation in India, which of the following statements is correct ?
(A) Controlling the inflation in India is the responsibility of the Government of India only
(B) The Reserve Bank of India has no role in controlling the inflation
(C) Decreased money circulation helps in controlling the inflation
(D) Increased money circulation helps in controlling the inflation
Ans) C
 - Part 1){kind=link}
0 Comments