Econamics

l/l.T.
P: 9/2
131
What is the shape of AR curve.faced by a firm under perfect competition?

a) Horizontal
b) Vertical
c) Positively sloped d) Negatively sloped
M.T.P ; 9/2
132 Which of the following is the condition for equilibrium of a firm ?

(a) AC=AR
(b) MR=AR
(c) MC=MR
(d) AC=MR
M.T.P-10/2:
113
(a)
(b)
(c)
(d)
M.T.P-10/2:
114 In the long run monopolistic competitive firm has :

(a) Excess Capacity
(b) Excess Profits
(c) Zero Fixed cost
(d) All of the above
Monopoly power refers to the firm's ability to :

Earn economic profit
Restrict entry into the industry
Set prices above marginal cost
Possess economies of scaie
The industrial sector faced the process of retrogression and

deceleration during
(a) 1950-1965
(b) 1990-2005
<c) 1980-1995
(d) 1965-1980.
As a result of the New Industrial Policy, 1991 :
a) The public sector has been stripped off all its power
b) The public sector has been given the commanding heights of '
the company
c) The public sector's portfolio will be reviewed with greater realism.
The focus will be on strategic high tech and essential Infrastructure
Industries
d) The public sector's management has been passed over to the
private sector
_____________ is the apex bank for agriculture credit.
(a) RBI
(b) SIDBI
(d) ICICI
u<c) NABARD
About_________per cent of the sick units in India are small units.

(a) 10 percent
(b) 4 percent
<c) 30 percent (d) 96 percent.
The XI Plan aims at achieving a growth rate of ,
industrial sector.
(a) 5 per cent
(b) 8 percent
(c) 8.5 percent
in the
{d) 6 percent
Nearly___________percent of working population is engaged in the
service sector.(2GG9-2G10)
(a) 28.8 percent
(b) 45 percent
(c) 80 percent
(d) 50 percent
Service sector accounted for nearly_______________percent of

exports (2010-11).
(a) One Fourth
(b) Two Third
(c) One Third
(d) Two Fourth
Which of the following statements is correct?
(a) Agriculture occupies 10 percent population of India.
(b) Nearly 5 percent population of India is below the poverty line.
(c) The production techniques are backward.
(d) None of the above.
The green revolution is also known as:
(a) wheat revolution
(b) rice revolution
(cjfnaize revolution
(d) forest revolution
Which of the following has been specifically established to meet the
requirements of credit of the farmers and villagers?
(a) ICICI Bank
^
Jb) Regional Rural Bank
(c) State Bank of India
<d) EXIM Bank
Three steel plants in Bhilai, Rourkela and Durgapur were set up in the (a) First plan
(b). Second plan
(c) Third plan
(d) Fourth plan

(a) Under zamindari system farmers directly paid land revenue to
the state.
(b) At present, income tax revenues from the agriculture sector
are negligible.
(c) Commercial banks are providing loans to the agriculture sector at
zero interest rate.
We can say Indian agriculture has become modern since:
(a) there has been an increased in the use of high yielding varieties of
seeds, fertilizers, pesticides etc.
(b) there has been noticeable positive change in the attitude of
farmers towards new techniques of production.
(c) farmers are increasingly resorting to intensive cultivation,
multiple cropping, scientific water management
(dj-all of the above.
The service sector in India now accounts for -----------------.
(a) more than 80 peicent of GDP.
(b) more than 70 percent of GDP.
(c) -(c) more than 50 percent of GDP.
(d) more than 90 percent of GDP.
An underdeveloped economy is generally characterized by a:
(a) high ratio of commercial farming to subsistence farming.
(b) high ratio of industrial output to total output.
(c) high utilization of existing capital in the economy.
,(d) coexistence of underutilized labour with unexploited natural
and other resources.
A strategy of heavy industry is sometimes preferred for a developing
economy because it can :
(a)generate employment opportunity on a large scale.
(b) provide a strong base for rapid
industrialization,
(c) (c) contain inflationary pressures.
(d) meet the deficits in Balance of Payments in the short run.
Which of the following has resulted in failure to achieve targets of
industrial production?
(a) Poor planning
(b) Power, finance and labour problems
(c)Technical complications
(d) All of the above.
Oil and Natural Gas Corporation, Indian Oil Corporation, Steel
Authority of India, and Bharat Heavy Electricals are aEl example of:
(a) Small Scale Units
(b) Private Sector Units
(cj Public SectoFdJnits
(d) Sick Units
Which among the following is incorrect?
(a) India adopted planning as her way of life because she wanted
to quicken industrialization and economic development with
optimum utilization of resources and reduction of inequalities,
(b) Removal of poverty and the attainment of self reliance were two
basic objectives of the fifth plan.
(c) India has never been able to achieve its targeted rate of growth.
(d) The Second plan was a very ambitious plan as seeds of
industrialization were sowed.
(e) Indian economy is mixed economy because:

(a) agriculture and industry have botfi simultaneously developed in India.
(b) agriculture and industry have both developed in the public sector.
(c) private ownership and public ownership over means of production co-exist.
(d) any of the above.
(f)
hat is the contribution of agriculture to National income in India

(2010-11) constant price ?
(g)
(a) 44%.
(b) 12.3%.
(c) 34%.
d) 50%.
(h)------------------------About
(i)
(a) 50%
area is rain fed in India.

(b) 40%
(c]_60%
(d) 80%
(j)---------------------------------------------------------------------------------------------------T
he industrial production has grown at an annual average rate of ----------(k)
during the planning period.
(l)
(a) 10%
(b)8 %
(c)3.5%
jdj 6.2 %
(m)-----------------------------------------------------------------------After
imposition of ceilings on the land holding in India, the total
surplus area distributed has been of the order of-------------.
(n)
(a)^^million hectares
(b) 2.98 million hectares.
'<
(o)
(cj 5.58 million hectares.
(d) 10 million
hectares,
(p)_________________________________ MSME sector contributes

nearly__________________________________of the exports in India.
(q)
(a) 60%
(b) 35%
c) 40%
(d) 20%
(r)
Services account for more than
(s)
of total export of India
a) One-fourth
c) One-half
b). One-third
d) One-tenth
(t)--------------------------------------------------------------------------------------------------- A
bolition of intermediaries and tendency reforms are both parts of----------
(u)
a) Industrial reforms in India.
(v)
(
(b) External sector reforms in India.'
(c) Land reforms in India.
(d) Banking
reforms in India.
(w)--------------------------------------------------------------------------------- A sick
industrial unit is one--------------------------------------------------------------.
(x)
(a) where most of the employees are sick.
(y) (b)__which is unable to perform its normal functions and activities
of production of goods and services at a reasonable profit on a
sustained basis.
(c) which is unable to make profits more than 10 percent of its
capital employed.
(c) which borrows money from bank for its fixed assets.
(z)
(aa)
BPO stands for:

(a) BharatPetro Organisation
b) Business Process
Outsourcing c) Big Portfolio Outsourcing
(d) Business Partners
organization
(ab) Which of the following statements is correct?

(ac)
(a) Countries which are industrially well-developed generally have
higher per capita income than countries which are not.
(ad)
b) India is a capital surplus economy.
(c) Agriculture sector need not depend upon industrial sector for its
growth.
(c) None of the above.
(ae)What percent of the sick units in India are big units?
(af) (a) 10 percent
(b) 4_percent
(c) 30 percent
(d) 96 percent.
(ag)
According to the latest UNDP(United Nation Development

Programme) report 2011 India's relative global rating on HDI(Human
Development Index) is out of 187 countries.
(ah)
a} 150
b)117
_?)134
d) 5
(ai)
(aj)
A Gini Index of zero represents :

a) Perfect inequality
b) High level of inequality
(ak)
a)
b)
c)
d)
c) Perfect equality
d) None of the above
(al)
Over a period of time, since GINI index has increased, it means :
Inequalities have decreased
Can't say
Inequalities have remained constant
Inequalities have increased
(am) As compared to the targeted growth rate of 10% per annum in
(an)__________________________________________________Industrial
production, the actual growth rate was_____________________% per
(ao) annum during the Xth Plan.
(ap)
(a) 9.4
(b) 8.7
(c) 6.5
(d) 7.5
(aq)_________________________________The MSME sector employed

nearly_______________________________in 2009 - 10.
(ar) {a)_70 million
(b) 40 million
(c) 10 million
{d) 25 million
(as)
Gini index measures :
(at)
a) Demand
inequalities j>).income
inequalities
c) Price inequalities
d) Supply inequalities
(a)
(b)
(c)
(d)
(au) Occupational structure refers to the

Number of workers living in a country
Size of working population in the industrial sector
Distribution of working population among the different occupations
Nature of different occupations in the economy
(av) Agriculture faces the problem of:
(aw)
(a)-slow and uneven growth.
(b)
over irrigation.
(ax)
{c) overdose of fertilizers. (d) very few
people engaged in it.
(ay)_______According to the latest available data, the bed-population
ratio in India is
perthousand population.
(az)
a) 3.2
b) 9.5
c) 1.03 d) 20.3
(ba) The Industrial sector depends on the agricultural sector because
(a) The agricultural sector provides food and other products for the
consumption purposes of industrial sector
(b) The agricultural sector provides raw materials for the development of
agro-based industries of the economy
(bb) (c)
The agricultural sector provides market for the industrial
products
(bc) d) All of the above
(bd) Indian industry faced the process of retrogression and

deceleration because of:
(a) unsatisfactory performance of agriculture
(b) slackening of real investment in public sector
(c)narrow market for industrial goods, especially in rural areas
(d)all of the above.
(be)
Which of the following statements is incorrect?
(bf) a) About 80 per cent of agricultural area has irrigation facilities

(b) About two third area is rain-fed in India
(c) Productivity per worker in agriculture is much lower than thatin .
industry
(bg) (d)Cropping pattern is quite skewed in India.
(bh)
Generally an economy is considered underdeveloped if:
(a) The standard of living of people is low and productivity is also
considerably low.
(b) Agriculture is the main occupation of the people and productivity in
agriculture is quite low
(c) The production techniques are backward
(bi)
Which sector of the Indian economy contributes the largest to
national income?
(bj)
(a) Primary sector
(b) Manufacturing
sector
(bk)
(c) Secondary sector (d) Tertiary sector
(a)
(b)
(c)
(d)
(bl)
Economic development is
synonymous with economic growth
narrower concept than economic growth
broder concept than economic growth
none of the above
(a)
(b)
(c)
(d)
(bm) Which of the statements is correct?

The tertiary sector contributes the maximum to the GDP.
India is a basically a socialist economy
The distribution of income and wealth in India is quite equitable
None of the above
(bn)______________________________________________________Th
e share of agriculture in India's national income has_____________.
(bo)
over the years.
(bp)
(a) remained constant
(b) decreased
(bq)
(c) increased
(d) first decreased and
then increased
(br)
Which is of the following is incorrect?
(a) Special schemes have been started to promote agro-products.
(b) India has been a big importer of food grains especially since 1990s.
(c) High yielding varieties programme has resulted in improvement in
production and productivity of food grains in India
(d) None of the above
(bs)
Which is of the following statements is correct?
(bt) (a) The industrial pattern on the eve of independence was quite
balanced ,{b) During the planning period the structure of Indian
industry has shifted in favour of basic and capital goods and
intermediate goods.
(c) Most of the big industrial units in India are sick.
(bu)
The area under irrigation has over the years in India
(bv)
(a) remained constant (b) decreased
(bw)
(c) increased (d) first increased and then
decreased
(bx)
In absolute terms, the number of people engaged in
agricultural activities over the planning period has
(a) remained constant
(b) increased
(c) decreased
(d) first increased and then decreased
(by) Mahalanobis model stressed upon the establishment of :
(a) consumer goods industries
(b) export oriented industries
(c) agro-based industries

(d) capita! and basic goods industries
(e) Which of the following statements is incorrect?

(a) Most of the big industrial units in India are sick
(b) The industrial pattern on the eve of independence was not balanced
(a) During the planning period, Indian Industrial structure has shifted in
favour of basic and capital goods and intermediate sector.
(c) None of the above
(f)
Which of the following statements is correct about under
utilization of capacity of industries in India?
(a) The magnitude of under-utiiisation varies from 20% to 60% in different
industrial sectors
(a) The average under-utilization being in the region of 40% to 50%
(b) Over optimistic demand projection is one of the factors responsible for
under utilization in industries
(b) All of the above
(g) The share of tertiary or services sector in GDP in 2011-12 was
____________________________________________________
(h) (a) 89 per cent (b) 39 per cent (c) 49 per cent (d) 59 per cent
(i) The percentage of people working in Agriculture sector came
down to
(j) around___percent in 2010-11.
(k)
(a) 40
(b)B0
(c)50 <d)67
(l)At present, the responsibility for the provision of finance for
agriculture, Trade and small industries has ben handed over to:
(m)
(n)
SIDBI
a) SB!
b) NABARD
c) NABARD,SiDBI d) NABARD.EXIM and
(o) Which of the following are sources of growth?

(p)
(a) Maturai resources
capital
(q)
(c) Physical capital
above
(b) Human
(d) Ail the
(r) The highest user of commecial energy is____

(s)
a) Agriculture
b) industry
- c) Transport
House hold
(t) Manufacturing industries are a part of:
(u)
(a).primary sector
secondary sector
(v)
(c) tertiary sector
the above
(a)
(b)
(c)
(d)
d)
(b)
(d) none of
(w) Mark the correct statement India is a purely capitalist economy

India is a stagnant economy
India is a developing economy
India is a resources poor economy
(x) First Plan was initiated in :
(y)
(a) 1950
(b) 1951
(c) 1956
<d) 1962
(z)
Which oiis of the following resources is the most crucial
input in India's new agriculture, technology, responsible for the
Green Revolution?
(aa)
(a) Fertilizers
(b) HYV seeds
(ab)
(c) Agricultural Machinery (d) Irrigation
(ac)
Which one of the following states has made the least
progress in respect of consolidation of holdings ?
(ad)
(b) Uttar Pradesh
(a)
(b)
(c)
(d)
(c) West Bengal
(a) Bihar
(d) Orissa
(ae)Location of sugar industry in India is influenced by :

the market
raw material
labour and entrepreneurial factors
none of the above
(e) Which one of the following has NOT been a part of the land reforms
programme in India?
(a) Ceiling on holding
(b) Consolidation of holdings
(c) Agricultural holding tax
(d) Zamindari abolition
(a)
(b)
(c)
(d)
(f)
In Ertdia,which one of the following is NOT cooperative
organization?
Primary land development banks
Central land development banks
Regional rural banks
State cooperative banks
(a)
(b)
(c)
(d)
(g)
Which among the following is NOT a cause of sickness of
industrial units in India?
Obsolescent technology
Labour problems
Faulty location
Lack of capital account convertibility
(h)
According to the Human Development Report - 2010, the GlNI
index for India in 2000-10 was:
(i)
(a) 0.368
(b) 0.29
(c) 0.53
(d) 0.18
(j)
Over the plan era, the relative share of areas under
foodgrains in gross cropped area in India has:
(a) decreased
(b) increased
(c) remained the same
(d) decreased initially and then increased
(k)
The incremental capital output ratio (ICOR) during the XI plan
of India was
(l)
(a) 5.02
(b)3.04
(c) 4.0 (d)6.37
(m)
The occupational structure of India's labour force since 1951
has
(a) changed significantly
(b) remained more or less static
(c) moved against services and in favour of agriculture (c)
shown trends which cannot be titled in any pattern
a)
b)
c)
d)
(n)
Which of the following is correct ?
Nearly half of the population pays income tax in India
Less than 5 percent of population pays income tax in India
India is a zero tax economy
None of the above
(o)
Human Development Index (HO)} is a composite index of :
(a)Health, literacy and employment
(b)National income, size of population and general price level
(c) National income, per capita income and per capita consumption
(d)Physical resources, monetary resources and population size
(a)
(b)
(c)
(d)
(p)
The marginal farmer in India is defined as a cultivator who :
does not own any land
workers on a land holding of less than one hectare
works on a land holding for wages
keeps shifting between agriculture and non-agriculture jobs
(a)
(b)
(c)
(d)
(e)_The second plan's programme of industrialisation was based on

the
model
The Britishers in India
V.V. Bhatt
P.C. Mahalanobis
Vera Anstey
(f)
Economic development has retarded in India mainly due to :
(g)
(a)overgrowing service
sector (bjwesternised social
attitudes (c)poor infrastructural
facilities (d)modern agrarian
system
(h)
India is termed as a developing economy because of her:
(i)
(a) Initiative for determined planned economic
development (b)rapid population growth
(c) predominant agrarian set-up
(d) slow industrial Progress
(a)
(b)
(c)
(d)
(j)
HYVP was restricted to the following crops:
Wheat, Rice, Bajra, Jawar and Maize
Wheat, Sugar, Bajra, Jawar and Maize
Wheat, milk, Bajra, Jawar and maize
Wheat, Banana, Bajra, Jawar and Maize
(k)_____________Every
(l)
a) Sixth
poor person in the world is an Indian

b) Third
c) Fifth d) Seventh
(m)______As far as the agro imports are concerned they

constituted just
_________% of national import in 2010-11
(n)
a) 4.5%
b) 5.6%
c) 3 % d) 2.1%
(o)
Which of the following statements is correct ?
(a) Large number of industries face under utilization of production
capacity
(b) The incremental capital output ratio has been falling over the planning
period
(c) Industrial Development is balanced in all regions
(a)
(b)
(c)
(d)
(p)
Small units exist in India because
They are labour intensive and India is a labour surplus economy
They are capital intensive and India is a capital surplus economy
They offer method of inequitable distribution of income and wealth
None of the above
(q)
Which of the following is not including In the primary sector ?
(r)
(a) Fishery
(b) Forestry
(s)
(c) Animal Husbandry (d) None of the
above
(t)
Which of the following is not a commercial crop ?
(u)
(a) Sugar
(b) Cotton
(c) Oilseeds
(d) None of the
above
(v)
Which of the following was not prevailing in the country at the
time of Independence ?
(w)
(a) Zamindari System (b) Ryotwari
system
(x)
(c) Mahalwari system
(d) None of the
above
(y)_________________________________________Agriculture provides
employment to about_________________________% of people living isi
(z)
the country (2010-11)
(aa)
a) 50
b)80
c) 10 d) 90
a)
b)
c)
d)
(ab)Which of the following statements is

correct ?
Agriculture occupies 20% population of India
Merely 15% population is below the poverty line
The production techniques in India are very advance
None of the'above
e) Which of the following is not, by definition, equal to National

Income?
f)
(a) National product (b) National
expenditure
g)
(c) National output
(d) National
wealth
h)
Per capita national income means
(a) NNP + population
(b) Total capita! + population
(c) Population + NNP
i)
The difference between GNP and NNP equals:
(a) consumer expenditure on durable goods.
(b) indirect business taxes.
(c) a statistical discrepancy.
(d) depreciation.
j)
National income at market prices, plus subsidies, but
less indirect taxes is equal to which one of the following?
(a) Gross national income.
(b) National income at factor cost.
(c) Private income before cost.
(d) Net consumer income.
k)------------------------------------------------------------------------------------------Three methods of computing national income are
---------------------------------------------------------------------------------------------(a) Production, outlay and income methods.
(b) Balance of payments, income and consumption methods.
(c) Saving, investment and income methods.
l) . (d) Outlay, depreciation and production methods.
m)----------------------------------------------------------------------------------------D
emand for final consumption arises in------------------------------------(a) household sector only.
(b) government sector only.
(c) both household and government sectors.
(d) neither household nor movement sector.
n)-------------------------------------------------------------------Suppose India's
GNP increased at an annual average rate of 6.6% during the
Tenth plan, presuming that the growth rats of population is 2 per
cent per annum; per capita income would increase at an annual
average rate of------------------------------------------------.
o)
(a) 3.3%.
(b)4.6%.
(c) 6.6%.
(d)
2%.
p)
Product method of calculating national income is also
known as
q)
value added method
r)
distribution method
(a) income method

(c) expenditure method
(b)
'
(d)
s)____________________________NDP is GDP minus

.
t)
(a) depreciation, (b) indirect taxes, (c) subsidies (d) NNP
u)________________________The value added by the industrial

sector in the GDP (2011-12 constant price) is
.
v)
(a) 27%.
(b)12%.
(c)19%.
(d)
32%.
w)_______________________________GDP at factor cost is

equal to GDP at market price minus
indirect taxes plus_________________.
x) (a) depreciation
(b) direct taxes
y) (c) foreign investments
(d) subsidies
z) Net domestic expenditure is consumption expenditure
plus
(a)
(b)
(c)
(d)
(a)
(b)
(c)
(d)
net foreign investment

net foreign investment plus net domestic investment
net domestic investment
replacement expenditure
aa)_________________________Net national product at market

price minus net indirect taxes is
equal to
'_________________.
net foreign investment
net foreign investment plus net domestic investment
net national product at factor cost.
replacement expenditure
ab)______________________________________GNP at market
price minus_______________________________is equal to GDP
ac)
at market price.
ad)
(a) Depreciation.
ae)
<b) Direct taxes
af)
(G) Subsidies
ag)
(d) Net income from abroad
ah)
Compute national income when population is 3 cr and
per capita income is 2000
ai)
(a) 6,000 cr
(b) 2,000 cr
(c) 3,000 cr (d)
10,000 cr
(a)
(b)
(c)
(d)
aj)_______________________The net value added method of

measuring national income
Is also known as___________
net output method
production method
industry of origin method
a!l of the above.
ak)
Which of the following is correct:
(a) GDP at market price = GDP at factor cost plus net indirect
taxes
(a) NNP at factor cost = GNP at market price
(b) GNP at market price = NNP at market price plus net income
from abroad
(b) All of the above
al)
If real national income rises by 10 per cent and
population increases by 2 per cent, per capita income will
increase by:
am)
(a) 5 per cent
(b) 8 per cent (c) 12 per cent (d) 6 per
cent
an)
Demand for intermediate consumption arises in:
(a) household consumers
(b) government enterprises only
(c) corporate enterprises only
(d) all producing sectors of the economy
ao)
Transfer payments refer to payment which are made:
(a) without any exchange of goods and seivices
(b) to workers on transfer from one job to another
(c) as compensation to employees
(d) none of the above
(e)
(a)
(b)
(c)
(d)
Net National Product at factor cost is;

equal to national income
more than national income
less than national income
always more than the gross national product
(f) Which of the following is incorrect.
a) GDP at market price = GDP at factor cost plus net indirect taxes.
b) NNP at factor cost = NNP at market prices minus net indirect taxes
c) GNP at market prices - GDP at market prices plus net factor
income from aboard.
(a)
(b)
(c)
(d)
(g)
National income differs from net national product at
market price by the amount of :
current transforms from the rest of the world
net indirect taxes
national debt interest
it does not differ
(a)
(b)
(c)
(d)
(h)
Net value added is equal to :
payments accruing to factors of production
compensation to employees
wages plus rent plus rent
value of output minus depreciation
(i)
Which of the following statement is not correct.
a) GDP at market price = GNP at market price - Net income from

abroad
b) GDP at factor cost= GDP at market price - net indirect taxes
c) NDP at factor cost = NDP at market price - net indirect taxes
d) NNP at factor cost = NNP at market price - net income from
abroad
(a)
(b)
(c)
(d)
(j)
Identify the item which is not a factor payment
Free uniform to defense personnel
Salaries to the members of Parliament
Imputed rent of an owner occupied building
Scholarships given to scheduled caste students
(a)
(b)
(c)
(d)
(k)_________________________________________________If
NNP figure is available at market prices we will___________
(l)_______________________indirect taxes and
subsidies
to the figure to get
(m)
National Income of the economy.
add, substract
add, divide
substract, add
substract, divide
(n)
Net National Income at market prices is equal to
(a) Gross National Income at market prices minus depreciation
(b) Net Domestic Product at factor price plus or minus earnings
from abroad
(c) Gross Domestic Product minus indirect taxes and subsidies
(d) Gross National Product at factor price plus or minus
depreciation
(e) Which one of the following measures has been

accorded the highest priority by the government for
checking the inflationary pressure on the economy
since 1990?
a) Revamping the public distribution system
b) Correcting the fiscal imbalance by reducing the fiscal deficit
as a percentage of GDP
c) Increasing Imports
d) Devaluation of the rupee
(f)
If the Indian economy aimed at an annual growth rate of
8 per cent in national income, assuming as incremental capital
-output ratio of 3.5:1 what would be the required rate of
investment as.percent of national income?
(g)
(a) 28.0
(b}24.5
(c) 10.5
(d)
3.5
(h)
Which one of the following agencies in India is
responsible for computation of national income?
(i)
(a) NCAER
(b) CSO
(c) NSS
RBI
(a)
(b)
(c)
(d)
(d)
(j)
"Personal disposable income" refers to :
the income of the person after all personal taxes are deducted
total income earned by the person
personal taxes paid to the government
personal and indirect taxes paid to the government
(k)
National income of a country is also known as :
(a) Gross National Product at market prices
(b) Net National.Product at factor cost
(c) Gross Domestic Product at factor cost
(d) Net Domestic Product at Market prices
(l)
The task of national income estimation to India is
entrusted to the
(a) Indian Statistical Institute
(b) National Sample Survey Organization
(c) Central Statistical organization
(d) National Accounts Organisation
(m)
The Eleventh Five Year Plan {2007-2012) kept a target of
a GDP growth rate of
(n)
(a) 6 percent
(b) 9 per cent (c) 10 per cent (d) 12
percent
(o)
Which of the following is correct ?
(a) Expenditure on financial assets which are produced and owned
within the country is included in national expenditure
(b) Expenditure on financial assets of foreign countries is
included in national expenditure
(c) Goods produced in preceding years are also included in
national income
(p)
Which of the following is included in national income ?
(a)Scholarship
(b)Old age pensions
(c) Unemployment Allowance
(d)None of the above
(q)
NDP does not include :
(a)Payment made for direct taxes
(b)Depreciation allowance
(c) Undistributed profits

(d)Corporate dividend tax
(a)
(b)
(c)
(d)
(e) Which of the following would not be included in GNP ?

Mohan purchases a shirt to wear
Sai Ram purchases a new Mercedes- Benz of S-class
Yes bank purchases new computers for its shares business
Aditi grows Tulsi plant in her home
(a)
(b)
(c)
(d)
(f)
Transfer payments are :
Payments made to factors of production
Payments made by one sector to another
Payments made for no return service
Repayment of loan
(g)
Which of the following is also known as value added
method of measuring National income ?
(h)
a) Product Method
b)
Expenditure Method
(i)
c) Income Method
d)
Deductive Method
(j)
Net Factor Income from abroad is equal to :
(a) NDP al market price - Nst Indirect Taxes
(b) NNP at factor cost - NDP at factor cost
(c) NDPFC ( + ) Depreciation
(k)
Which of the following is not included in the
computation of GDP?
(a) Spending on guns and tanks
(b) Purchase of Limca by a family
(c) Services of a teacher
(d) Price paid for a stolen car
(e) Find the tax which fs direct tax among the following:
(f) (a) Personal income tax. {b} Excise duty
(g) (c) Sales tax
{d) Service tax.
(h) ____is not a direct tax.
(i)
(j)
(a) Income tax

(b) Wealth tax
{c) Expenditure tax
(d)Entertainment tax
(k)_________________________________________________Servic
e Tax was introduced in the financial year__________________
(l)
a) 1991-92
b)2001-D2
c) 1994-95
d)
1995-96
(m)----------------------At present, the marginal rate of income tax(i.e.

tax for the highest
slab) is-----------------(n)
{a) 10%,
40%
<b) 20%
(c) 30%
(d)
(o)_____________________________________ In 2010-11, direct

taxes were around___________________________% of GNP
(p)
(a) 10
<b)15
<c)12 (d)7
(q) Which among the following is an indirect tax?

(r)
(a) Income tax
(b) Wealth tax
(c) Custom duty
{d) Gift
tax
(s)_____________________________________________Custom
(a)
(b)
(c)
(d)
duties are levied on ________________________________.

incomes of the individual
production of goods
export and import of goods
incomes of the corporate
(t)____________________________ The share of direct taxes in

the gross tax revenue (Centre and
States combined) was____________% in 2009-10.
(u) (a)
66
(b)41
{c)25
(d) 75
(v)
Suppose a shopkeeper buys inputs worth Rs. 2,00,000

and his sales are worth Rs. 4,00,000 in a month. The input tax
rate is 4% and output tax rate is 10%. What is Value added tax
here after set off of Input tax credit ?
(w)
a) Rs. 32,000
b) Rs. 8,000
c) Rs. 40,000 d) Rs.
20,000
(x)______________________________________________Estate
duty was levied on the________________________________.
(y)
{a) incomes o1 the individual
(b) production of goods
(c) export and import of goods
(d) total property passing to the heirs on the death of a person.
(z)_______________India has a
Income tax system.
(aa)
a) Proportional
b) Regressive
c) Zero
d)
Progressive
(ab)___________________________________________Excise
(a)
(b)
(c)
(d)
duties are levied on ________________________________.

incomes of the individual
production of goods
export and import of goods
incomes of the corporate
(e) Which of the following statements Is correct?

(a) Excise duty is levied on sales volume
(b) Custom duties have been drastically cut down since 1991
(c) VAT has been adopted by all the states in India
(d) Agriculture contributes the maximum to the direct tax revenues
in India
(f)
Pick up the correct statement:
a) Inflation is a presistent fall in the price level

b) The Indian direct taxe structure relies on a very narrow population
base
c) Mixed income of self- employed means gross profit received by
proprietors
d) All of the above
(a)
(b)
(c)
(d)
(g)
Income tax was abolished in India in 1991
Gift lax was abolished in India in 1998
All the states have adopted VAT system of indirect taxation
Estate duty was abolished in 1995
(h)
Which of the following statement is incorrect ?
(a) Indian tax structure relies on a very narrow population base
(b) Direct taxes are differential, indirect taxes are progressive
in nature
(c) The ratio of Direct taxes to indirect taxes which was 40:60
in 1951 declined to 20:30 in 1991
(d) The total tax revenue is highly insufficient to meet the
expenditure requirement of the economy
(i)
Which of the following statements is incorrect about the
benefits of value added tax?
(a) Overall tax burden will be rationalized
(b) There is a provision of setf-assessment
(c) Price will in general fall
(d) There will be less transparency
(j)________________________________________The cost of tax
collection has increased from Rs. 543 crores in
1990-91(CentralGovt)tomore than____________In 2010-11
(k)
(a) 4,500 crore (b) 6,500 crore (c) 5,900 crore (d) 2,000
crore
(l)
VAT is levied by
(m)
governments
(n)
the above
(a) Central government (b) State

(c) Local government
(d) None of
(o)
Which one of the following taxes belong exclusive to
the stats government of India?
(p)
(a) Income tax (b) Agricultural tax (c) Excise tax (d) Wealth
tax
(q)
Which one of the following sources of Central revenue
belongs to the category of indirect taxes?
(r)
(a) Corporation tax (b) Customs
(s)
(c) Wealth tax
(d) Interest Receipts
(t)
The incidence of taxes refers to :
(a) the level and rate of taxation
(b) who ultimately bears the money burden of the tax.
(c)the growth of taxation

(d) the way in which a tax is collected
(e) CENVAT stands for:

(f)
(a) Common Entity Value
Added Tax (b} Corporate Entity Value
Added Tax
(c) Central Value Added Tax
(g)
Wealth Tax was abolished in ;
(h)
(a) 1985 (b) 1998
(c) 2005
continuing
(a)
(b)
(c)
(d)
(d) False it is still
(i)
On which of the following, income tax is not
imposed in India ?
Income from salary
income from house property
Interest on fixed deposits
None of the above
(j)
Income Tax was introduced first time in fndia in 1860 and
then discontinued in 1873. It was re-introduced in the year ;
(k)
(a) 1885
(b) 1886
(c) 1887 (d) 1890
(l)
(m)
Tax
Which of the following is not the example of direct Tax ?

(a) VAT
(b) Wealth Tax
(c) Corporate Tax (d) Income
(n)
CENVAT was introduced in the year :
(o)
(a) 2001-02
(b) 2000-01 (c) 2002-03
2004-05
(a)
(b)
(c)
(d)
fd)
(p)
Ad valorem duty means duty imposed on the basis of :
Percentage of price of the commodity
Per unit on the commodity
Both (a) and (b)
None of the above
(q)
Under which of the following tax system, more tax is
imposed on the lower income group ?
(r)
(a) Regressive (b)
Progressive
(s)
(c) Value Added Tax
(d)
Proportional Tax
(t)
Which one is a direct tax among the following ?
(u)
(a) Wealth Tax
(b) Excise
Duty
(v)
(c) Service Tax (d) None of
the above
(w)
(a) Tax on agriculture is a state subject
(b) Under zamindari system, farmers directly paid land revenue to
the state
(c) Cooperative banks are giving loans to agricultural sector at
zero interest fates
(d) India has been a big importer of food grain especially since 1995
(x)
Which of the following is net an indirect Tax Reform ?
a) Reducing the peak rate of custom duties

b) Rectifying anomalies like inverted duty structure
c) Introduction of VAT for achieving harmonized taxation regime

d) The tax rate on foreign companies has also been reduced
from 55% to 40%
e) What is India's rank In world population?

f)
(a) First
(b) Second
g)
h)
i)
(c) Third
(d) Fourth
Birth rate and Death rate are measured as per:

(a) 100 population (b) 1000 population
(c) 10000 population
(d) 100000 population
j)
In the theory of demographic transition in the last stage,
(a) birth rate rises, death rate rises.
(b) birth rate falls, death rate rises.
(c) birth rate rises, death rats falls.
(d) birth rate fails, death rate falls.
k)------------------------------The annual addition to India's population is
almost equal to the total
population of --------.
l)
(a) Bangladesh
(b) Australia
Japan
(d) China
(c)
m)__________________________________Population explosion occurs in

____________________________________stage of the theory of demographic
n)
transition.
o)
(a) first
(b) second
(c) third (d) fourth
p)
q)
According to the 2001 census tha total literacy ratio Is

(3) 32.5%
(b) 65.4%
(c) 52.1%
(d) 75.8%
r)------------------------------------------------------------------------------Population density
means----------------------------------------------------------------------.
(a)number of persons living per sq. km.
(b)number of persons living per kilometer.
(c) ratio of population iiving below poverty line to total population.
(d)number of persons in a village.
s)
Indian population registered a growth of 1.25% per annum during the
decade
t)
(a) 1941-51
(b) 1961-71
<c) 1971-81 (d) 1981-91
u)----------------------------------------------1 India's population recorded the maximum

growth rate of 2.22 % per annum
during the decade -------~.
v)
(a) 1941-51
(b) 1961-71
(c) 1971-81 (d) 1981-91
w) ; India accommodates nearly percent of the world's populationx) (a) 17.5%
(b)11.4%
(c) 15.1% (d) 25.3%
y)
i
z)_______________________________________i India can recap the benefit of

demographic Dividend, as a great percentage
of population is in the age group___________.
aa)
a) 0-15 years
b) 60 + years
c) 20-35 years
d)
15-64 years
ab)- -! According to the latest available data, the bed-population ratio in irsdia
is
------per thousand population.
ac)
(a) 3.2
(b)1.03
(c)11.5
(d)20.3
ad) 1 According to censws 2011 the sex ratio (number of females per 1000
maSes)
ae)
in India is___
.
af)
(a) 940
(b) 930
(c) 927
(d) 930
ag)
In 2011 , the population was more than
ah)
(a) 100 crores
(b) 110 crores (c) 121 crores
crores
ai)
aj)
ak)
(d) 105
In which state is the sex ratio most favourable to women ?

a) Andhra Pradesh b) Uttar Pradesh
c) Kerala
d) Karnataka
al)_________________________India accommodates nearly _ percent of the

world's population.
am)
(a) 10
(b)50
(c) 17.5
(d) 45
an)
Which of the following statement is correct?
(a) Cropping pattern in India is quite balanced
(b) India is passing through the first stage of demographic transition
(c) India's population is second largest in the world
(d) None of these
ao) In which state or union territory is the literacy rate highest in the
country?
ap)
(a) Delhi
(b) Chandigarh
(c) Karnataka (d) Kerala
aq)
ar)
Which year is known as "year of great divide'for India's population?

(a) 1921
(b) 1951
(c)1991
(d) 19S1
as)_________________________________________India's rank in world

Population comes after________________________
at)
(a) U.S.A.
(b) China
(c) Australia
(d)
Canada
au)
India's present population is:
av)
(a) more than that of China (b) less than that
of China
aw)
(c) less than that of Pakistan (d) less than that
of England
ax)________________________________________________________Accordi
ng to 1991 the sex ratio (females per 1000 males) was______________,
ay)
a)929
b)729
c) 927
d) 933
az)_______________________________________________________________
The 10th plan targeted a reduction in infant mortality rate (IMR) to
__________________________________________________________________
ba)
per 1000 by 2007
bb)
(a) 28
(b)45
(c) 16.2
(d) 74
bc)______________Every
person in the world is an Indian and every third
poor
bd)
person in the world Is also an Indian
be)
(a) Third
(b) Sixth (c) Fourth
(d) Ninth
bf)
bg)
Increase in population can be caused by (a) high birth rate (b) low death rate (c) immigration
(d) ail the above
bh)___________________________________________________________The
government aimed to reduce Infant Mortality Rate per 1000 to__________by
bi)
2012.
bj)
a) 45
b) 28
c) 58
d) 50
bk)
bl)
41
Population growth rate in India was negative in

(a) 1901-11
(b) 1911-21
(c) 1921-31
(d) 1931-
a)
b)
c)
d)
bm) The population of India living below the poverty line

!s rising in relative and absolute terms
Is falling in relative terms but rising in absolute terms
Is falling in both relative and absolute terms
has not changed at all over the years
(a)
(b)
(c)
(d)
bn) i Growth rate of population can be measured by

division of death rate by birth rate
multiplication of death rate by birth rate
addition of death rate and birth rate
subtraction of death rate from birth rate
(e)Infant mortality rate refers to :

(a) the number of children dying before reaching the school going ags
(b) the number of children dying before reaching 3 years of age
(c) the proportion of children dying within a year of their birth
(f)
(g)
The first All India population census was conducted in the year :
(a) 1865
(b) 1870
(c) 1872 (d) 1882
(h)
According to 2001 census, density of population per square
kilometer in India was
(i)
(a) 225
(b) 280
(c) 324
(d) 330
(k)
(j) i As per 2001 census, Kerala had

females for 1000 males
(a) 933
(b) 1006
(c) 1036 (d) 1058
(l) l Indian government aims at reducing the maternal mortality rate to

_____________________________________________________________
(m) > per thousand birth by 2010
(n) (a)
5
(b)1
(c)2
(d)3
(o) I In the theory of demographic transition in the first stage :
(p) ! (a) Both birth rate and death rate are high
(b) Both birth rate and death rate are low
(c) Birth rate is high and death rate is low
(d) Birth rate is low and death rate is high
(q) 1________________________Death rate has declined in 2010
(r)
(a) 9.8%
(b) 7.2%
(c) 12.5%
2S.4%
(d)
(s) J What is the approximate life expectancy of the people living in India ?
(2011)
(t)
(a) 58
(b)60
(c)63.5 (d) 50
(a)
(b)
(c)
(d)
(u) j India's present density of Population is

344 persons per square kilometer
(v) 7 1921 is called the "year of great divide" because ;

a) India got Independence in 1921.
b) India got divided into India and Pakistan
c)Bangladesh become a separate country in 1921
d) After 1921 India's Population growth rate turned from negative to positive
(w) 2
A full fledged Department of Family Planning was created in
India in
(x)
(a) 1950
(b)1951
(c) 1966
(d) 1955
(y) 4 Highest density of population Is in :
(z)
(a) Punjab
(c) U.P.
(d) Delhi
(b) Maharashtra
(aa)
6
(ab)
National Population Policy was announced in :

(a) 2001
(b) 1999
(c) 2000
(ac)
7
(ad)
60 years
Unproductive consumers consist of :

(a) Children upto 15 years (b) Adults above
(d) 2005
(ae)
(c) Both (a) and (b) (d) Adults above 65 years
(af)
Which is of the following statements is correct?
(a) Gini coefficients are often used for measuring poverty in relative sense.
(b) When poverty is related to the distribution of income or
consumption expenditure, it is absolute poverty.
(c) In India, we mainly use the concept of relative poverty for
measuring poverty.
(ag) A situation of employment in which a person is apparently employed
but his
(ah)__________________________________________________contribution
to the production is almost nil is called____________________
(ai)
unemployment.
(aj)
(a) structural.
(b) chronic.
(c) disguised.
(d) cyclical.
(ak)___________
unemployment may result when some workers are
(al)
temporarily out of work while changing job.
(am)
(a) Cyclical.
(b) Voluntary.
(c)
Fractional.
(d) seasonal
(an) According to the Planning Commission, using Mixed Recall Period
(MRP)
(ao)_____
% people were below poverty fine in 2004-05.(Based on
Tendutkar
(ap) committee report)
(aq)
(a) 26.2
(b) 25.2
(c) 27.8(d) 37.2
(ar)_____
Measure usually gives the lowest estimate of unemployment
(as) especially for poor economy.
(at)
(a) Usual status
(b) Current weekly status
(au)
(c) Current daily status
(d) Current
yearly status
(av) Work force refers to that part of:
(a) labour force which is employed.
(b) population which is unemployed.
(c) population which is forced to work.
(d) labour force which is unemployed
(aw) According to National sample surrvey organization
(NSSO) during 2009-10:
(ax) (a) unemployment rates on the basis of current daily status were
(ay)
same as those on the basis of usual status, fb)
unemployment rates on the basis of current daily status were
(az)
higher than those on the basis of usual status.
(c) unemployment rates on the basis of current daily status were
lower than those on the basis of usual status.
(c)none of the above.
(ba)_____________________________________________________When
due to introduction of new machinery, some workers tend to be
replaced by machines, their unemployment is termed as_________.
(bb) (a) structural,
(b) technological.
(c) mechanical.
(d)
seasonal.
(bc)' Most of the unemployment In India is___________.
(bd): (a) voluntary
(b) structural
(c) frictional
(d) technical
(be)I
(bf)
The following table provides a breakdown of a
country's poDUlation(millions):
(bg)
' Total population
Chiid^nfbetcw^
(bh)
age)
Unemployed people looking"
(bi)
(not
fora job
.Employed people
(bl)
aduits not in the.
(bm)
I>V|
1B
.3
wprking
_____
Fulltime student?
. looking for a job)______________
(bj)
(bk)
'
T36
Retired people;
-g
People confined to
-.
correctjp.nai institutions
"*
12
28
Other
lahour farce;".
(bn) Based on the information in table, the country's unemployment rate

is
(bo)
(a) 7.9%
(b) 12.5%
(c) 20.2% (d)
22.2%
(bp) SJSRY stands for
(a) Swaran Jayanti Shahari Rozgar Yojana
(b) Shahari Jeewan Sudliar Rashtriya Yojana
(c) Sampoorna Jeewan Shahari Rozgar Yojana
(bq)
, . gives 100 days of guaranteed employment in a
Financial year to every
household whose adult member volunteer to do unskilled work
a) IRDP
b) MGNREGS
c) IAY
d) SGRY
(br)--------------------------------------------------------------------------------According to
National Sample Survey 2004-05,-------------------------------------percent of the
(bs) population of India lives below poverty line.fas per URP method )
(bt)
(a) 27.5
(b) 25.7
(c) 22.5
(d) 21.5
(bu) Read the following paragraph and answer
questions 136 and 137.
(bv) John is Jacqueline's father. Both of them are unemployed.
Jacqueline, a brilliant new Ph.D in Economics, has turned down many Job
offers because she hopes eventually to teach at one of the top ten
universities in her field. John {now age 54) lost his job as a shipbuilder
during the recession of 1991. His plant never reopened and he has very
specialized skills that are no longer in demand.
(bw)
(bx)
The type of unemployment Jacqueline is experiencing is

(a) frictional.
(b) structural.
(c) seasonal.
(d) cyclical.
(by)' The type of unemployment John Es experiencing is

(bz)
(a).frictional.
<b) structural.
(c) seasonal.
(d) cyclical.
(ca)
When unemployment tends to be a long term feature of a
country, It is called
a) Seasonal unemployment
b) Cyclical unemployment
c) Chronic unemployment
d) Structural unemployment
(a)
(b)
(c)
(d)
(cb)J EAS stands for

Easy Assistance scheme.
Endless Assistance scheme.
Employment Assurance Scheme.
Employment Assessment scheme.
(cc)
?. if out of 1000 population, 500 persons are in the labour force,
450 are employed, what is the unemployment rate ?
(cd)
a) 55%
b) 10%
c) 12.5%d) 5%
(ce) When some people in a society are unwilling to work at the

prevailing wage rate and there are people who have income from property
or some other sources and need not work, such people are:
(a) casually unemployed.
(b) chronically unemployed.
(c) voluntarily unemployed.
(d) disguisedly unemployed
(cf)
If out of 100 people in the labour force, 92 are in the workforce, the
number of people unemployed is:
(cg)
(a) 8.
(b)192.
(c) 100(d) 92
(ch) S1SRY was launched to:
(a) provide house to the rural poor.
(b) provide gainful employment to the urban poor
(c) food security to the urban poor.
(d) none of the above.
(ci)
If 4 farmers can do a field job which is being done by 6 farmers, this
means there is:
(a) frictional unemployment.
(b) disguised unemployment.
(c) voluntary unemployment.
(d) seasonal unemployment.
(cj)
If S people are unemployed and 411 people are in the work force,
then people in labour force are:
(ck)
(a) 402
(b)411
(c}9 (d)420
(cl)
Which of the following statements is incorrect:
(a)Workers employed in Sugar Mills face seasonal unemployment
(b) Due to introduction of new machinery, labour saving device etc.
some workers tend to be replaced by machine is termed as
structural unemployment
(c) Frictional unemployment is temporary phenomenon
(d) Disguised unemployment refers to a situation where removal
of some workers wil! not affect the volume of total output
(cm) Structural unemployment results due to:
(cn) (a)
a change caused by the introduction of new
machines, labour
saving devices and improvement in methods of production
(b) a change caused by recessionary and depressionary phases
of the economy
(c) a change caused by high population growth, primitive state of
technology, low capital formation and vicious circle of
poverty etc.
(d) A change caused by a decline in demand for production in
particular industry and consequent disinvestments and
reduction in its manpower requirement
(co)i Employment Assurance Scheme and Jawaiiar Gram Sammridhi
Yozana
(cp)_____________________________have been merged with
(cq)
(a) NFFWP
(b) SGRY
(c) SGSY
(d) IAY
(cr) ! Disguised unemployment in India is maximum in :
(cs) I (a) agricultural sector (b) secondary sector
(ct) I (c) territory sector
(cu)
J Unemployment rate in India is defined as the ratio of number of
persons unemployed to total
(a) Population
(b) Population excluding children
(c) Labour force
(d) Population excluding the aqed
(e) Whicfi one of the following is not a cause of poverty in India?

(a) abundant population
(b) abundant natural resources
[
(c) abundant inequalities to distribution of income
(d) abundant surplus manpower in agriculture
(f)
The most important remedy to the problem of poverty in India is ;
(a) changes in the ownership pattern
(b) higher productivity
,
(c) re-distribution of income through fiscal, pricing and other measures
(d) all of the above
(g)
The major cause of unemployment in India is :
(a) underdevelopmenl
(b) defective manpower planning
(c) rapid population growth
(d} all of the above
(h)
(i)
(j)
Gini Coefficient is often used to measure poverty in ;

a) Absolute Terms b) Relative Terms
c) Both (a) and (b)
(k)----------The is defined as the number of persons in labor force per 1000

(l)
persons
(m)
(a) WPR
(b) LFPR
(c) CWS
(d) CDS
(n)
(o)
Full employment is the level at which there is :

(a) Normal rate of
unemployment (b) Zero unemployment
(c) Least supply of labour
(p)_____________________According to
measure, a person is said to be

employed for the
(q)
week even if he is employed only for a day during that week
(r)
(a) Current weekly status
(b) Usual status
(s)
(c) Current daily status
(d) Current yearly status
(t)________
, measures estimates the number of persons who may be said
to
(u)
be chronically unemployed.
(v)
(w)
(x)
a)
b)
c)
d)
a) Usual status
b) Current weekly status
c) Current daily status
d) Cuurent yearly status
SJSRY stands for:
Silver Jubilee Swarozgar yojana

Swarna Jayanthi Shaheri Rozgar yojana
Swarna Jayanthi Gram Sadak Yojana
Swarna Jayanlhi Swarozgar Yojana
(y)______.
measure generally gives the highest estimate of

unemployment
(z)
especially for poor economy
(aa)
(a) CDS
(b) CMS
(c) Usual Status
(d) CWS
(ab) The measure of absolute poverty is :

(a) Used only by India
(b) Not related to the income or consumption expenditure distribution
(c) Related to the distribution of income or consumption expenditure

(e) India has the_____________largest scientific and technical manpower in the world.
(f)
(a) fifth
(b) tenth
(c) eighth
(d) third
c
(g)
Electricity generated from radio active elements is called:
(h)
a) thermal electricity .
(b) atomic energy.
(i)
(c) hydel electricity. (d) tidal energy.
(
t
(j)
(a) The demand and the supply of fuel are almost equal.
(b) Our import bill on account of oil has been decreasing since 1990.
(c) Oil prices have been decreasing since 1973.
(d) Transmission and distribution losses of power companies are very high.
(k)
(l)
(m)
Sahara Jet and Kingfisher are examples of:

(a) private schools.
(b) private airlines.
.
(c) private ships.
(d) private railways.
(n)
Which of the following statements is incorrect?
(a) The Indian road net work is one of the longest in the world.
(b) The rural road network connects around 65 percent of all weather roads.
(c) Most of the State Road Transport Corporations are running on profits.
(d) The National highways carry more than 40 percent of the total road traffic.
(o)_____________________________Of the major 12 ports, is the top traffic handler for
last five years
(p)
(
a) Paradip
(b) Cochin (c) Kandla
(d) Mumbai
<
(q)______________________________________________On an average, one post office
in India serves____________________________________.
(r)
(
a) 100 persons (b) 1000 persons (c) 7176 persons (d) 5800 persons
<
(s)__________________________At present, nearly percent of the energy consumed is
obtained from
(t)
non-commercial traditional sources.
(u)
(a) 45
(b)51
{c)27
(d) 10
(v)---------------------------------------------------------------The Tele density in India is about in
per cent
(w)
{a) 76.86
(b) 15.34
(c) 16.6
(d) 19.22.
;
(x)-----------------------------------------------------------------According to 2010 data, there are
---------------------------------------------------------------------Health centres existing in India
(y)
(a) about 50,000 (b) about '1,00,000
(z)
(c ) about 1,75,000
(d) about 2,50,000
(aa)-------------------------------------------------------------TRAI stands for
(a)Trade Regulatory Authority of India
(b)Transport Regulatory Authority of India
(c) Training. Registrar Authority of India
(d)Telecom Regulatory Authority of India
(ab); Who is regulatory authority for telecom in India?

(ac): (a) SEB! (b) TRAI
(c) MTNL
(d) BSNL
(ad)
(ae)i In infrastructure of an economy we include:

(af)
(a) power.
(b) transport.
(c) banking
(d) all of the above.
(ag)________________________________' At the time of Independence and a number of

years thereafter cotton textiles, Juts and
tea accounted for more than_____________% of our export earnings.
(ah)
(a) 50
(b) 70
(c) 80 (d) 90
(ai)
N1XI stands for:
(a) National Internet Exchange of India.
(b) National International Exchange of India.
(c) National Institute of Exchange of Indian goods.
(aj)____________________________________________Electricity generated from
water is called__________________________________.
(ak)
(a) thermal electricity.
(b) hydel electricity,
(al)
{c) atomic energy. (d> tidal energy.
(am)_________________________________________________Over the years the
number of cancer cases has_____________________________
(an) (a) increased- (b) decreased, (c) remained constant, (d) doubled.
(ao)_______________________________For adult education mission was
launched in 1998 in India.
(ap)
(a) National Adult education
(b) National Technological
(c) National Senior Citizen
(d) Nations! Literacy
(aq)_______________________________________________________According to
the latest data (Dec. 2011), there are around_____________________broadband
(ar)
subscribers in India.
(as)
(a) More than 13
million
(b) More than 3 million
(c) More than 2 million
(d)More than 5 million
(at)____________________________________TRAI is the regulatory authority for
_______________________________________in India
(au)
a) Railways
b) Telecom
c) Banking
d) Secondary Market
(av)____________________________Postal Network in India is
in the world.
(aw)
. (a) Third largest (b)Second largest (c) Largest (d) Tenth largest
(ax) i
(ay)i in terms of capacity of power generation, the highest capacity is of :
(az)i (a) Thermal
(b) Hyde!
(c) Nuclear (d) others
(ba) NTPC stands for
(bb)
i (a) National Thermal Power
Corporation ; (b) National Tidal Power
Corporation
(c)National Theological Power Corporation
(d) National Talent and Potential Corporation
(bc)i_______measures the operational efficiency of a'thermal plant.
(bd)I (a) Power load factor (b) Power leakage factor
(be)
(c) Plant load factor
(d) Plant leakage factor
(bf) 1_________________________________________The National Highways
now carry more than_________________________percent of the total road
(bg) traffic.
(bh)
(a) 10
<b)20
(c)30 (d)40
(bi) 3 Which programme was started in 2005 to provide electricity to
villages ?
(bj)
a) Mahatma Gandhi Electricity
Electricity for All
(bk)
c) Rajiv Gandhi Grameen
b)
Vidhutikaran
d) Indira Gandhi Vidhutikaran
(bl) 3 Which one of the following is NOT an important import item of India at
present?
(bm) (a) Petroleum oil (b) Edible oil
(c) Fertilizers (d) News print
(bn)2___________________________________India currently ranks as the
world's______________________________largest Energy producer
(bo)
a) Tenth
b) Fourth
c) Fifth
d) Second
(a)
(b)
(c)
(d)
(bp)3
Which is not the aim of National Policy on Education ?
Universal access and enrolment
Universal retention of children upto 14 years of age
A Substantial improvement in the quality of education
None of the above
(e) 134----------------------------------------------------------------------------------------------------The
goal of National Policy on Education is to make an expenditure of----------of GDP.
(f)
(a) 5%
(b) 7%
(c) 6% (d) 8%
(g) 135
Gross Enrolment Ratio shows the proportion of children in elementary
school in the
age group of:
(h)
(a) 6-10
(b)6-14
(c) 6-8 (d) 4-10
(a)
(b)
(c)
(d)
(i) 136
VSAT stands for
Very Small Aperture Terminals
Various Small Aperture Terminals
Very Small Application Terminals
Valuable Small Aperture Terminals
(j) 137
(k)
(l)
(a)
(b)
(c)
(d)
On an average, one post office serves :

(a) 18 Sq. Km area
(b) 21.23 Sq. Km area
(c} 31 Sq. Km area
(d) 51 Sq. Km area
(m) 129
NPE stands for
National Policy on Education
Nuclear Policy on Electronics
National Policy on Electronics
National Policy on Elections
(n) 130
(o)
2004-05
Sarva Shiksha Abhiyan was launched in the year

(a) 2000-01
(b) 2001-02
(c) 2002-03
(d)
(p) 131
Secondary education prepares students in the age group of :
(q) (a) 14-16 years (b) 14-18 years (c) 12-18 years (d) None of the above
(r)
(t)
(a)
(b)
(c)
133
(s)
Postal system was started in India in the year:

(a)1837
(b) 1847
(c) 1857 (d) 1867
134
Which is not the problem faced by Indian ports ?
Inadequate dredging and container handling facilities
Inefficient and non optimal deployment of port equipment
Proper coordination in trie entire chain
(d) Operational constraints such as frequent break down of cargo
handling equipment due to obsolescence
(u) 135
GRT stands for
(v) 104 (a) Gross Registered Tonnage
(b) Gross Regular
Tonnage
(c) Gross Regulated Tonne
(d) Gross Registered Tollage
(w)
(a)
(b)
(c)
(d)
137 India has a long coast line of :

7517 Km, 12 major ports and 200 minor ports
(x) 126
Which of the following is not the problem of India's Education System?
(y)<a) Unplanned expansion of higher education
(z)(b) Neglect of primary education
(aa)
<c) Large number of unemployed uneducated people
(ab)
(d) Large scale migration of educated people to the developed western
countries
(ac) 127
VPT stands for :
(a) Village Public Telephone
(b) Value Public Telephone
(c) Various Public Telephone

(d) Valmiki Public Telephone Yojna
(e) Which of the following is not the factor for poor growth of coastal shipping ?
(a) High transportation costs
(b) Port delays
(c) Over - aged vessel
(d) Fast handling of the cargo at ports
(f)
ASHA is related to :
(g)
urban areas
(h)
urban areas
a) Environmental care
b) Adult care in
c) Health care in villages d) Social care in
(i)
(j)
In order to improve production of poower, Electricity Act was passed in

(a) 2003
(b)2Q05
(c) 2002
(d)2004
(k)
in :
(l)
(m)
According to the latest data (2011-12) Plant Load Factor (PLF) is lowest
(a) Southern region (b) Northern region
(c) Western region (d) Eastern region
(n)
Which of the following is not the suggestion for improving education
system ?
(a)Education should be made job oriented
(b) Vocational education should be discouraged
{c) The standard of education should be raised
(o) (d) Expansion of education shouid be carefully planned since it is costly
(p)
NHPC stands for:
(a)Nuclear Hydroelectric Power Corporation
(b)National Hydro Power Corporation
(c) National Hydro Public Corporation
(d)National Hydroelectric Power Corporation
(r)
(s)
(q) i Non-Commercial traditional sources of energy are

(a) Fire wood
(b) Dung Cakes
(c) Agricultural wastes
(t) ' NLM stands for :

(u)
Law Mission
(v)
Literacy Mission
(x)
(y)
a) National Leprosy Mission
b) National
c) National Logistic Mission
d) National
(w) ( Over the year, the incidence of malaria has________

(a) Increased
(b) Reduced
(c) Remained the same (d) Doubled
(z) I The highest user of commercial energy is
(aa)
(a) Railways
(b) Industry
(c) Households
(d) Agriculture
(ab)I Postal Network in India is__in the world

(ac)f a) Third largest
b) Second largest
c) Largestd) Tenth largest
(ad)---------------------------------------------Stagflation means
(ae)
(a) Inflation with recession
Recession with stagnation
(c) Inflation galloping like a stag
(af)
.
(b)
(d) Inflation and increasing output
(ag)__________________________________________If GNP is 15%

higher than last year's and the rate of inflation is 7% ,
production in the economy has grown by____________.
(ah)
a) 8%
6)2.1%
b)7%
c)15%
(ai)
If demand for goods is services ts more than their supply, the

resultant inflation is:
(aj)
(a) cost push inflation.
(b) stagflation.
(ak)
(c) deflation.
(d) demand pull inflation.
(al)_____________________________________ A rational person does

a)
b)
c)
d)
not act unless_______________________________

the action is ethical
the action produces marginal costs that exceed marginal benefits
the action produces marginal benefits that exceed marginal costs
the action makes money for the person
(am)___________________________________________The rate of
inflation was lowest in_______________________________.
(an)
(a) fifties
(b) sixties
(c) seventies
eighties
(d)
(ao)_______________________________ When more money chases

relatively too less quantity of goods, the
resulting situation is called_____________
(ap)
(a) Stagnation
(aq)
(c) Deflation
(ar)
(as)
(b) Cost push inflation

(d) Demand pull inflation
Increase in money supply will lead to:

(a) Cost push inflation
inflation
(at)
(c) Structural inflation
above
(b) Demand pull

(d) None of the
(au)
Which one of the following measures has been accorded the

highest priority by the government for checking the inflationary
pressure on the economy since 1990:
(a) Revamping the public distribution system.
(b) Correcting the fiscal imbalance by reducing the fiscal deficit
as a percentage of GDP
(c) Increasing imports
(d) Devaluation of the rupee
(av)---------------------------------------------------------------------if GDP is 20%

higher than last year and the rate of inflation is 9% , then
production in the economy has grown by----------------(aw)
(a) 8%
(b) 11%
(c) 20%
(ax) > Administered prices means

(a)Prices fixed by private sector under the guidance of government
(b)Prices fixed by consumer forums
(c) Prices fixed by the Government and private sector
(d)Price level fixed by the Government
(d) 9%
(ay) 7 Price support policy means :

(a) Prices at which government would be buying agricultural products from
farmers
(b) Prices at which farmers will be selling goods to the private sector
(c)Subsidy received by farmers from government
(e) Stagflation :
(a) means prices are falling and purchasing power is increasing
(b) is in the form of a low rate of growth combined with the general price
level increase
(c) means high rate of growth combined with rise in the general price level
(d) means that due to increase in the cos tof products, prices of final
products are increasing
(f)
When prices are rising and there is unemployment and
recession in the economy, then the phenomenon is called :
(g)
(a) Inflation
(b)
Stagflation
(c) Deflation
(d) Reflaction
(a)
(b)
(c)
(d)
(h) Which of the following is not an objective of Fiscal Policy?

Economic growth
Economic Stability
Maximization of employment level
Regulating of financial institutions
(i)
Which of the following concepts of Budget deficit has become
practically redundant in India?
(j)
(a) Fiscal deficit
(b) Budgetary deficit
(k)
(c) Primary deficit
(d) Revenue deficit
(a)
(b)
(c)
(d)
(l)
FRBM Act stands for:
Fiscal Revenue and Budget Management.
Foreign Revenue and Business Management.
Fiscal Responsibility and Budget Management.
Foreign Responsibility and Budget Management
(a)
(b)
(c)
(d)
(m)
Fiscal policy means:
policy relating to money and banking in a country.
policy relating to public revenue and public expenditure.
policy relating to non banking financial institutions.
none of the above.
(a)
(b)
(c)
(d)
(n) Which of the following is not a part of Fiscal Policy?

Subsidy under public distribution system
Control of Production
Imposition of taxation
Issue of bonds by government
(o)
If borrowings and other liabilities; are added to the budget deficit
we get
(p)
(a) revenue deficit, (b) capital deficit, (c) primary deficit, (d) fiscal
deficit.
(q)---------------------In a budget revenue equals expenditure.
(r)
(a) balanced
(b) deficit
(c) surplus (d) long term
(s)__________________________________________________The FRBM
Act aims at reducing gross fiscal deficit by________________% per
(t)
annum.
(u)
(a) 2%.
(b)1%.
(c)0.5%. (d)3%.
(a)
(b)
(c)
(d)
(v)
Fiscal policy is concerned with :
public revenue, public expenditure and public debt
controlling the BOP situation
controlling the banks
none of the above
(w)__________________________________________________________In
Fiscal deficit we add borrowings and other liabilities to the___________
(x)
(a) Primary deficit fb) Capital deficit (c) Budget deficit (d) Money
deficit
(y)
In India fiscal year starts from
(z)
(a) 31st March
1st April
(d) 1st March
(aa)
(ab)
Which budget in India is passed separately?

(a) Defence
(b) Airlines
(d) Railways
(b) 31st April
(c)
(c) Atomic energy
(ac)
Revenue deficit in India is (ad)
(a) negative
(b) positive
the above
(c) zero
(d) none of
(ae)
The rapid increase of public debt of the Central Government since
1950-51 has been due to
(a) uncontrolled inflation
(b) mounting shares of state government from revenues raised
by the central government
(c) mounting costs of financing public expenditure
(d) rising population
(af)
Since 1990, savings of the household sector in India have been
(a) greater than the savings of the private corporate sector but
less than the savings of the public sector
(b) less than the savings of the private corporate sector but
more than savings of the public sector.
(ag) (c> greater than the savings of the private corporate sector as
(ah) well as the savings of the public sector (d) less than the
savings of the private corporate sector as well
(ai) as the savings of the public sector
(aj)
The main objective of fiscal policy in developing countries is to:
(1) promote economic growth
(1) mobilise resources for economic growth
(2) ensure economic growth and distribution
(3) increase employment opportunities
(ak)
(a) only 1 and 2 are correct (b) only 2 and 3
are correct
(al)
(c) only 2 and 4 are correct (d) 1, 2, 3 and 4
are correct
(am) Budgetary deficit can be expressed as:
(a)the excess of pubic expenditure over public revenue
(b)the sum of deficit on revenue account and deficit on capital account
(c) that portion of government expenditure which is financed through the sale
of 91 days Treasury Bills and drawing down of cash balances
(d)all of the above
(an) A Government budget is defined as:
(a) a description of the fiscal policies of the government and
the financial plans
(b) a financial plan describing estimated receipts and proposed
expenditures and disbursement under various heads
(c) neither of the above
(d)both (a) and (b) above
(ao): Fiscal Policy is given by :
(ap): (a) Ministry of Finance
(b) RBI
(aq)
(c) Planning Commission
(d) Parliament
(ar) I FRBMA, 2003 emphasises on the following except:

(a) Revenue - Led Fiscal Consolidation
(b) Rationalisation of Tax Regime
(a) Improve competitiveness of domestic goods and services in a globalised
economic environment
(c) Capital - Lad Fiscal Consolation.
(as)) In India, except in the Election year, Budget is given on :
(at)
(a) Last day of March
(b) 1st day of
April
(au)
(c) 1s' January
(d) Last day of February
(av)) Fiscal Deficit minus borrowings and other liabilities is equal to :
(aw) (a) Revenue Deficit (b) Primary Deficit (c) Capital Deficit (d) Budget
Deficit
(ax)5 Service Tax is an instrument of:
(ay)
(a) Fiscal policy
(b) Monetary policy
(az)
(c) Revenue policy
(a)
(b)
(c)
(d)
(ba)
Budget Deficit means :
Total Receipts and total expenditure
Revenue receipts and revenue expenditure
Fiscal deficit - interest
Total Budgetary receipts - revenue expenditure
(bb)
(bc)
(bd)
Non-plan revenue expenditure consists of:

(3) Defence
(b) Interest Payment
(c) Food and Fertilizer subsidy
(be)The Government now taps 91 days treasury bills from the market
and shows them as part of:
(bf)
(a) Revenue Receipt
(b) Loan Receipt
(bg)
(c) Capital Receipt
(bh)
If budget deficit is Rs. 11,350 crore and borrowings are Rs. 33,300
crore, what is fiscal deficit ?
(bi)
(a) Rs. 11,350 crore
(b) Rs. 44,650 crore
(bj)
(c) Rs. 33,300 crore
(d) Rs. 21,950 crore
(bk)________ is the difference between total receipts and total expenditure
(bl)
(a) Fiscal Deficit (b) Budget Deficit
(bm)
(c) Capital Deficit (d) Revenue Deficit
(a)
(b)
(c)
(d)
(bn)AH but one of the following statements are incorrect. Find the
correct statement.
Balance of payments is a narrow concept than balance of trade.
India is facing severe foreign exchange reserves crunch.
Devaluation is panacea for BOP problem.
The RBI is the lender of last resort for Indian public sector banks.
(bo)____
is a systematic record of all the economic transactions
between
(bp)
one country and rest of the world
(bq)
(a) Balance of trade (b) Balance of
transactions
(br)
(c) Budget (d) Balance of payments.
(bs)__________________________Balance of services is the sum of all
invisible service receipts and
payment which could be________
(bt)
a) Zero
b) Positive c) Negative
d) Zero, positive or
negative
(bu)_____________During
(bv)
1971-73
a) 2001-04
we had surplus in the current account.

b) 1991-93
c) 1981 -S3
(bw) Types of balance of trade are

(bx)
(a) Favorable balance of trade
Unfavorable balance of trade
(by)
(c) Balanced balance of trade
All of the above
d)
(b)
(d)
(bz)
Balance of payments is a broader term than ;
(ca)
(a) Balance of Trade
(b) Balance
of Current Account
(cb)
(c) Balance of Capital Account
(d)
All of the above
(cc)
In the Balance of payment statement, current account includes:
(cd)
(a) Goods and invisible items
(b)
Government Loans from abroad
(ce)
(c) Foreign Direct investment
(d)
None of the above
(cf)
Balance of Trade is :
(a)Difference between current and capitai Account
(b)Difference between export and import of goods
(c) Difference between export and import of goods and services
(d)Balance of current account
(a)
(b)
(c)
(d)
(cg)i Balance of payment consists of :

Balance of current account and capital account
Only Capitai account
Only Current Account
Only trade account
(e) About___________________percent of the external assistance has been in the

(f)
form of loans.
(g)
(a) 40
(b)30
(c) 10
(d) 90
(h)
(i)
(j)
The share of concessional debt in total external debt of India has:

(a) remained the same
(b) doubled
(c) reduced (d) increased
(k)_________________India ranks
countries in the world
(l)
2010
(m)
(a) seventh
among the top fifteen debtor
(b) Fifth
(c) ninth
(d) Eighth
(n)
The largest share of foreign aid in India has been used in the
programme of
(o)
(a) agriculture development
(b)
industrial development
(p)
(c) education
(d) health
(q)_________________________External debt are about

(r)
a) 10%
b)25%
c)30%
of GDP
d) 18%
(s)____________________________India's debt service ratio is
in 2010-
11
(t)
a) 11.5%
b)4.7%
C}13.5% d) 10.2%
(u)________________________________________India's external debt stood

at more than___________________________________crore March 2011.
(a) 9,00,000
<b) 13,50.000
(c) 20,00,000 <d)
18,00,000
(v)
a)
b)
c)
d)
(w) Which of the following statements is correct ?

External debts constitute about 18% of GDP
India is categorised as a high indebited country by the World Bank
India is self sufficient after the onset of economic reforms
None of these
e) Which of the following statements is correct?

(a) The public sector was given a dominant position in the newly
Independent India.
(b) The foreign trade policy post Independence allowed free trade
of all goods and services.
(c) Monetary policy post Independence sought to keep the CRR
at a very low level.
f)
The unsustainable levels of government deficits in the late 80's
can be attributed to :
a)
b)
c)
d)
high levels of government expenditures

insufficient revenues
poor returns on government investments
all of the above
g)
Asa result of the New Industrial Policy,"! 991:
(a) the public sector has been stripped off all its power.
(b) the public sector has been given the commanding heights of the
economy.
(c) the public sector's portfolio will be reviewed with greater realism.
The focus will be on strategic high tech and essential infrastructure
industries.
(d) the public sector's management has been passed over to the private
sector.
h)_____________________________At present only industries are
reserved for the
i)
public sector.
j)
(a) 5
(b)7
(c)8
<d)3
k)
l)
m)
At present 100 percent FDI is allowed in (a) defence(b) drugs and Pharmaceuticals
(c) banks (d) insurance
n)
All of the following developments were noticed during 1991
(when economic reforms were enforced) except one. Identify it.
(a) National debt was nearly 60 percent of the GNP of India.
(b) Inflation crossed double digits
(c) Foreign reserves were maintained at a vesy high level.
o)
All of the following statements except one are correct about the
foreign trade policy, 2004-09.Identify the incorrect statement:
(a) Certain thrust areas like agriculture, handlooms, handicrafts etc
have been identified.
(b) Vishesh Krishiupaj Yojana has been started.
(c) 'Served from India' scheme has been started.
(d) The entry of FDI in India has been restricted
p)
The economic reforms have failed to:
(a)keep fiscal deficits to the targeted levels.
(b)fully implement industrial deregulation.
(c) fully open the economy to trade.
(e) EPCG stands for----------------------------.

(f)
{a) Export Promotion Capital Goods.
(b) Expert Programme for Credit Generation.
(c) Exchange Programme for Consumer Goods.
(d) Export Promotion Consumer Goods
(g)
Which of the following statements is correct with regard to
external sector in the pre-reform period?
(a) The foreign trade policy was very liberal; it allowed import of all
types of goods.
(b) Import of food grains was strictly prohibited
(c) The balance of payments situation was quite comfortable
(h)_______________________________Quantitative restrictions on
_________________________________items were removed in the EXIM
(i)
Policy of 2001-02
(j)
(a) 123
(b)193
(c)715 (d) 183
(k) Which of the following is not an indirect tax reform:
(a) reducing the peak rate of custom duties
(b) rectifying anomalies like inverted duty structure
(c) the tax rate on foreign companies has also been reduced
from 55% to 40%
(d) introduction of value added tax for achieving harmonized
taxation regime
(a)
(b)
(c)
(d)
(l)
The Foreign Trade Policy 2004-09 has :
identified certian thrust areas for growth
started "served from India" brand
revamped Duty Free Export-Credit
all of the above .
(m)
Which one of the following is the major characteristic of foreign
direct investment (FDI)?
(a) It is non-debt creating capita) flow
(b) It is portfolio investment in stock market
(c) It is that investment which involves debt servicing
(a) It is investment made by foreign institutional investors in
government securities
(n)
Which one of the following has NOT been a part of the land
reforms programme in India ?
(o)
a) Ceiling on holding b) Consolidation of
holdings
(p)
c) Agricultural holding tax
d) Zamindari
abolition
(q)
FDI is allowed in all of the following, except
(r)
a) Banking
b) Lottery c) insurance
transport
d) Air
(s)_______In 1991, foreign exchange reserves were sufficient to finance

imports of
__________weeks
(t)
a) 36
b)16
c)24
d) 3
(u)
Export led growth strategy does not include :
(v)
(a) outward oriented growth
(b) export promotion
(w)
(c) import restrictions
(d) emphasising
comparative advantage
(x)
FIEO stands for:
(a) Foreign Import Export Organisation

(b) Federation of Import Export Organisation
(c) Forum of Indian Export Organisation
(y)
<d) Federation of Indian Export Organisation
(a)
(b)
(c)
(d)
(z) Before financial reforms, the banking system was characterised

by all of the following except:
administered interest rate structure
quantitative restrictions on credit flow
high revenue requirements
keeping very less lendable resources for the priority sector
a)
b)
c)
d)
(aa)
Monetary Policy refers to :
Public Revenue and Public Expenditure Policy
Policy to control money supply
M1 and M2
Policy linked to banking
(ab)________Overall Credit and Monetary Policy is the ultimate
responsibility of
___________in India
(ac)
a) SBI
b) NABARD c) RBI
d) SEBI
(ad)
(ae)
(af)
FDI prohibited in all of the following except

a) Atomic energy
b) Lottery business
c) Banking operations
d) Gambling and betting
(ag)
100% FDI is Permitted is :
(ah)
Insurance
(a) Oil Refineries

(d) Defense
(b) Banking (c)
(ai)
Duty Free Export Credit Scheme has been revamped and re-cast
into:
(aj)
(a) Made in India model (b) Served from
India Scheme
(ak)
(c) India's Shining Scheme
(d) EPCG Scheme
(al)
Export Promotion Capital Goods scheme was abolished in :
(am)
(a) 1991 (b) 2002 (c) 2005(d) False, it is still
continuing
(an)
Financial sector reforms mainly relate to :
(ao)
(a) Banking sector reforms
(b) Capital
reforms (c) Insurance sector reforms
(d) All of the
above
(ap)
(aq)
FDI has been allowed in defense upto:

(a) 74%
(b) 49%
(c) 26% (d) 100%
(ar)___________________________________SEZ Act came came into

effect in________________________________
(as)
a)2002
B)2003
C) 2006
D)2007
(at)
Cash compensatory scheme was abolished in :
(au) (a) 1992
<b) 1999
(c) 1991
(d) False. It is still
continuing
(av) Export promotion capital goods was liberalized in April 1992 to :
(a) To encourage Export of Capital Goods
(b) To encourage Import of Capital Goods
(c) Both (a) and (b)
(aw) As per RBI recommendations Basel II framework
has been operationalised since :
(ax) (a) March, 2007 (b) March, 2009 (c) March, 2008 (d) March,
2010
(ay) The Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, was passed for assisting banks:
(a) In the recovery of their loans

(b) To give more loans on lesser security
(c)To give loans by taking more security
(az) SEZ stands for
(ba) (a) Software Economic Zones
Zones (c) Special Efficiency Zone
Zone
(b) Special Economic

(d) Software Efficiency
(bb)
(bc)
Tax Reform Committee was set up in :
(a)1992
(b) 1991
(c)1994 (d) 2000
(bd)
A minimum capital required by the companies seeking entry into

defensi production:
(be)
(a) Rs.100 crore (b) Rs.10 crore (c) Rs. 200 crore (d) Rs. 50 crore
(bf)
conomic Reforms in India were started in the year :
(bg)
(a)1990
(b) 1991
(d)1993
E
'
(c)1992
(bh)
Which of the following statement is correct ?
(a) In 1991 foreign exchange reserves were just sufficient to finance imports
of 3 days.
(b) In 1991 foreign exchange reserves were just sufficient to finance
imports of 3 weeks.
(c) In 1991 foreign exchange reserve:; were just sufficient to finance
imports of 3 months.
(d) In 1991 foreign exchange reserves were just sufficient to finance oil
import bill of 3 weeks.
(bi)
(bj)
DFEC stands far :
(bl)
(bm)
Rupee was devalued in :

{a) July 1990 (b) July 1992
(a) Duty Freedom Export Credit. (b)

Duty Free Export Credit
(bk)
(c) Direct Foreign Exchange Control
(d) Duty Free Exchange
Credit
(c) July 1991
(d) July 1994
(bn)____________________________At present there are only

___________________________________industries for which licensing in
(bo)
compulsory
(bp)
(a) 6
(b) 10 (c)18
(d)9
(bq)
(br)
(a)
(b)
(c)
(d)
100% FD1 is allowed in

(a) Insurance (b) Banking (c) Hotels and Tourism (d) Defence
(bs)
FEMA stands for
Fiscal Exchange Management Act
Foreign Exchange Monetary Act
Foreign Exchange Management Act
Foreign Exchange Money Act
(bt)
(bu)
Based II framework is for:

{a) Banks (b) Insurance Companies (c) RBI
(a)
(b)
(c)
(d)
(bv)
The pre-condition for privatization to be successful requires:
liberalization and de-regulation of the economy.
capital markets should be sufficiently developed.
None of the above
both of the above (a) & (b)
(bw)____
refers to the transfer of assets or services functions from
public
(bx)
(by)
(bz)
to private ownership.
(a) Globalization (b) Privatization
(c) Disinvestment
(d)
Liberalization
(ca)
(cb)
Privatization in India has taken place in all of the cases except

(a)
CMC
(b)BALCO
(c)VSNL (d) None of the above.
(cc)
Which of the following statement regarding privatization is

correct?
(cd) {a) Privatization is panacea for all economic problems
(ce) (b)
Privatization always leads to attaining social and economic
(cf)
efficiency
(cg) (c)
Privatization may result in lopsided development of industries
in the
(ch)
country
(ci) (d) None of the above
(cj)
(a) The disinvestments programme has been successfully carried out
in India.
(b) Privatisation upto 100 percent has been carried out in all the PSUs
in India.
(c)Under strategic sale method of disinvestments, the government
(ck)
sells a major share to strategic buyer
(cl) (d) None of the above
(cm)____________
refers to disposal of public sector's units in equity
in
(cn) the market.

(co)
(a) Globalisation
(b)
(c) Disinvestment
(d)
Privatisation
(cp)
Liberalisation
(cq) Which of the following statements is against Privatization?

(a) Privatization will help reducing the burden on exchequer
(b) It will help the profit making public sector units to modernize and
diversity their business.
(c) It will help in making public sector units more competitive
(cr) ; In___________we remove tariff, subsidies on the flow of goods
(cs) and services between countries .
(ct)
(cu)
(a)
(b)
(c)
(d)
a) globalisationb) liberalisation
c) privatisation d) disinvestment
(cv) i What is Disinvestment?

It refers to the disposal of Public Sectors equity in the market
it refers to the transfer of assets from public to private ownership
It means integrating the domestic economy with the world economy
None of the above
(e)Which of the following statements is incorrect regarding Disinvestment

>
(a) Government has not failed to raise the budget disinvestments in
the capital market
(b) The procedure adopted for disinvestment has suffered from
adhocism in the absense of a long term policy
(c) It means selling of Govt. Share in the PSU to other PSU or Private
Sector or Banks
(f) <d) It has been too insignificant to affect either the structure of
management or the working environment of the PSU in India
a)
b)
c)
d)
(g)
What is privatization ?
It refers to the disposal of private sector's equity in the market
It refers to the transfer of assets from public to private sector ownership
It means integrating the domestic economy with the world economy
None of the above
(h)
Which of the following is false about disinvestments?
(a) As a result, the total realization of the government from various
rounds of disinvestments has been much below the target
(b) The disinvestments was started in 1991-92
(c) Adequate efforts were not made to build up the much needed
linkages between the public enterprises and the capital market
(i) (d) None of the above
(j)
Public sector in India suffers from :
(k)
(a) over staffing
(b)political
interference
(l)
(c) uncompetitiveness (d) all of the
above
(m)
(n)
Disinvestment programme started in india after(a) 1986-87

(b) 1988-89 (c) 1991-92 (d) 1995-96
(o)
Liberatisation process in India was initiated by
(p)
(a) Yashwant Singh
Manmohan Singh
(q)
(c) Jaswant Singh
& (b)
(b)
(d) Both (a)
(r)
The majority of Central Government enterprises belongs to the
(s)
(a) Public corporations (b) Public
limited companies
(t)
(c) Private Limited companies (d)
Departmental organizations
(u)
Nationalization means :
(a) Selling of government stake to private sector
(b) Selling of government companies to private sector
(c) Government purchasing 26% shares in private companies
(d) Taking of full control and management from Private Sector by the
Government
(v)
100 percent pivatization has taken place in :
(w)
(a) BPCL
(b) IOC
NTPC
(d) None of these
(c)
(x)
Which one of the following is not a method of disinvestment ?
(y)
(a) Equity offer
(b) Cross
holding
(z)
(c) Warehousing
(d) None of
the above
(a)
(b)
(c)
(d)
(aa)i Which of the following is correct ?

Disinvestnent and privatisation are separate
Privatisation is a narrower concept as compared to disinvestment
Privatisation and Disinvestment mean the same.
Disinvestment is a narrower concept than privatisation
(e) The main objective of the World Trade Organisation is to secure

among others:
(a) A genera! agreement among common market countries on
technical training and mutual prices of traded goods.
(b) The maintenance of intellectual property rights and patent rights of
member countries.
(c) An improvement in the USA's terms of trade in the next decade.
(d) A reduction in tariffs through negotiation, elimination of import quotas
and globalization of international trade.
(f)
Which one of the following is the best example of agreement
between oligopolists?
(g)
(a)GATT
(b)OPEC
(c)WTO
(d) UNIDO
(i)
(j)
(h) _has been founded to act as permanent watchdog on the

international trade.
(a) IBRD
(b)ADB
(c) WTO
(d) IMF
(k) What is globalization?

(a) It refers to the transfer of assets from public to private ownership.
(b) It refers to the disposal of public sector's equity in the market.
(c) It means integrating the domestic economy with the world economy
(l)
What of the following is false about WTO?
(a) It is the main organ for implementing the Multilateral Trade
Agreements..
(a) It is global in its membership.
(b) It has far wider scope than GATT.
(b) Only countries having more than prescribed ievel of total GDP can
become its members.
(m)
Which institution is known as the "soft loan window" of World
Bank?
(n)
(a) IFC
(b) IDA
{c) IMF (d) Indian
Development Forum
(o)________________________________________________The main
security guard for International Trade is_________________
(p)
a) IMF
b) World Bank
c) WTO d)
RBI
(q)
(r)
International Monetary Fund commenced its operation in

(a) April 1947 {fa) March 1946 (c) April 1946 (d) March 1947
(s)
W.T.O. was established on :
(t)
March 1992
(u)
March 1997
(a) 1st Jan 1991
(b) 2nd
(c) 1 st Jan 1995
(d) 2nd
(v)___________________________________________________The
initial membership of IWIF in the year 1947 was______________
(w)
(a) 31
(b) 51
(c) 91
(d) 101
(x)
In July 1991, India devalued the rupee by about
(y)
(a) 10-12%
(b) 15-16%
(c) 18-20% (d)
30-35%
(z)
(aa)
177
The number of Member Countries of WTO in 2011 is :

(a) 184
(b)157
(c)150
(d)
(ab)
TRIPS stand for:
(a)Trade Related Intellectual Property Rights
(b)Transaction Related Intellectual Property Righls
(c) Trade Related Intelligence Property Rights
(d)Trade Related International Property Rights
(e)In World Trade Organiation, each member country has :

(a) One vote
(b) Depends upon National Income of the nation
(c) Depends upon UNO ranking
(d) Depends upon whether the country is developed, developing or
underdeveloped.
(f)
(g)
India achieved full convertibility on current account in :

(a) 1994
<b) 1991
(c)2001
(d)2005
(h)
Current account convertibility means freedom to buy and sell
foreign exchange for the following transactions except:
(a) Ail payment for purchase and sale of goods and services
(b) Payment due as interest on loans
(c) Moderate remittances for family living expenses
(d) Purchase of immovable property abroad
(i)_________________________________If any country needs funds for
long term development of the nation, then
the country should approach____________.
(j)
(a) World Bank
(b) UNO
(c) IMF
(d)
WTO
(k)
SDR stands for :
(l)
(a) Security Drawing Rights (b) Super
Drawing Rights
(m) (c) Systematic Drawing Rights
(d) Special Drawing Rights
(n)
PTA stands for:
(a) Plurilateral Trade Agreements
(b) Private Trade Agreements
(c)Plurilateral Transaction Agreements
(d) Public Trade Agreements
(o)
International Finance Corporation comes under :
(p)
(a) WTO
(b) World Bank
(q)
(c) IMF
(d) United Nation Development
Associations
(r)
Which of the following is not the function of World Bank ?
(a) To help its member countries in the reconstruction and development of
their territories
(b) To provide finance for long term purposes
(c) To provide finance for short term purposes
(d) To encourage private foreign investment and credit by providing guarantee
of repayment of private industries
(s)
IBRD (World Bank) was set up in :
(t)
(a) 1946
(b) 1947
1919
(u)
Special Drawing Rights has link with :
(v)
(a) World Bank
IMF
{d)ADB
(c) 1945 (d)
(b) WTO
(w)
The present membership of IMF is :
(x)
(a) 148
(b)177
149
(a)
(b)
(c)
(d)
(y)
Which of the following is not the function of IMF ?
It functions as a short term credit institution.
It functions as a long term credit institution
It is a reservoir of the currencies of all the member nations
It grants loan for financing current transactions
(c)
(c)187 (d)
(z)
MTA stands for
(aa)
(a) Mutual Trade Agreements(b)
Multiple Trade Agreements
(ab) (c) Mutilated Trade Union Agreements (d) Multilateral Trade
Agreements
(ac)i The predecessor of WTO was :
(ad)
(a) IMF
(b) GATT
of the above
(c) IBRD
(d) None
(ae)
Integration of the domestic economy with the world economy is
called :
(af) a) Disinvestment
b) Privatization
c) Liberalisation d)
Globalisation
(ag)Money includes:
(a) Currencies and demand deposits.
(b) Bonds, government securities.
(c) Equity
shares.
Jtfr&W of the
above.
(ai)
(aj)
(ah)Money in traditional sense:

(a) serves as a medium of exchange.
(b} serves as a store of value.
(ak) -tpf^erves as both medium of exchange and store of value.
(al) (d)
serves neither as medium of exchange and store of value.
(am)
Narrow money refers to:
(an)vf3j"Mi (b) M2
(c) M3
(d) M4
(ao)Which of the following statements about banks is incorrect?

(a) Banks encourage saving habits among people.
(b) Banks mobilize savings and make them available for production.
(ap)
(c)
Banks help in creating
credit money.
^^tTjNone of the above.
(aq)_____________________________Rural bank branches constitute
___________________________________percent of total bank branches in
(ar)
India.(as on June 2012) -(as)
(a) 14
{b)60
Jef S?
(d) 82
(at)
(au)
Broad money refers to

(a) M,
(b) M2
\>flvl 3 (d) M4
(av)
(aw)
Nationalization of banks aimed at all of the following except:

{a} removal of control by a few.
Jr)provision of credit to big industries only.
(c) provision of adequate credit for agriculture, small industry and
export units.
(d) encouragement of a new class of entrepreneur.
(ax)__________
is the official minimum rate at which the central

bank of
(ay)
a country is prepared to rediscount approved bills held by
banks.
(az)
(a) CRR
(b) SLR
$#i3ank rate
(d) Repo rate
(ba)....................
(bb)^ a f M ,
is the most liquid measure of money supply.

(b) M2
(c) M3 (d) M4
(bc)------------------------------------NABARD is a
(bd).XaToank.
(b) board.
(c) exchange programme for consumer goods.

(d) department.
(be)
(bf)
In the present context, money stock in India refers to

(a} M-,
(b) M;
4&&z (d) M4
(bg)______________________________________ In terms of deposit

mobilization,__________________________________leads other states.
(bh)
(a) U.P
413)1^1
aharashtra
(bi)
(bj)
(bk)
(c) Kerala
(d) Bihar
ICICI bank is a :
y ^
a) central bank >) private commercial bank
c) rural regional bank d) nationalized bank
(bl) Commercial banks suffer from :

(bm)
(a) regional imbalances (b)
increasing overdues
(bn)
(c) lower inefficiency
(d) all the
above
(bo)
Which of the following is correct in relation to banks in the post

reform period ?
a)
b)
c)
d)
(bp)
(bq)
(br)
All banks have been privatised

All banks have been nationalised
NPA as a percentage of gross advances have shown a falling trend
State Bank of India replaced RBI as lender of the last resort
Population per Bank in India is : (2012)
(a) around 5000 (b) around 55,000
(c) around 12,500
(d) around 18,000
(a)
(b)
(c)
(d)
(bs)
M1 in the money stock in India refers to:
post office saving deposits
total post office deposits
currency plus demand deposits plus other deposits with RBI
time deposits with banks
(a)
(b)
(c)
(d)
(bt)
Money in dynamic sense:
Serves as encouragement to division of labour
Serves as smooth transformer of saving into investments
Serves as both a and b of the above
Serves neither as a or b of the above.
(bu)____________________________At present there are
__________________________________Nationalised Banks in India
(bv)
(a) 14
(b)6
(c)21
(d) 19
(bw)____________________________At present CRR {May 2012) is
________________________________and SLR is_____________
for entire net demand and time liabilities of the scheduled
commercial banks
(by)
a} 10, 35
b) 7, 30
c) 4.5, 23 d) 10,25
(bx)
(bz)_________________________________The Government established

________________________________________in 1982 to finance rural
(ca)
(a)
(b)
(c)
(d)
projects at lower rate of interests.
Regional Rural Banks

Reserve Bank of India
National Bank for Agriculture and Rural Development
Co-operative Banks
(cb)
(cc)
Which of the following is a function of money?

(a) Medium of exchange
(b)
Store of value
(cd)
(c) Transfer of value
{d) All the
above
(ce)
(cf)
(cg)
Which of the following is a commercial bank in India ?

a) Axis bank
b) IFCI
c) IBRD d) SEBI
(ch)
(ci)
Major commercial banks of India were nationalized in

(a) 1969
(b)1970
(c) 1971 (d)
1972
(cj)
Commercial banks provide :
(ck)
(a) loans(b) agency services
(cl)
(c) both (a) S (b)
(d) none of
the above
(cm)
Which one of the following is not a function of commercial

banks?
(cn)
(a) Advancing loans
(b)
Accepting deposits
(co)
(c) Issuing notes(d) Discounting
bills of exchange
(cp) Demand deposits with bank.? are considered as money

because they are:
(cq)
(a) generally acceptable as a means of payment
(b) more liquid than cash
(c)held by the government
(d) managed efficiently by ban < managers
a)
b)
c)
d)
(cr) The basic aim of the lead bank scheme is that big banks should try to open offices in each district
there should be stiff competition among the various nationalized banks
individual bank should adopt particular districts for intensive development
all the banks should make intensive efforts to mobilize deposits
(cs)
a)
b)
c)
d)
M3 is equal to :
Currency with public
Mi + Time deposits of the public with banks
Mi + Post office savings
M, + National saving certificates
(ct)
The main objective of the Regional Rural Bank is to
(a) Provide credited and other facilities to small and marginal
farmers, agricultural labours and artisans in rural areas.
(b) Provide credit to the common people in rural areas.
(c) Take over the functions of Agricultural Refinance Corporation of India
(d) Supplement Scheduled Commercial Banks.
a)
b)
c)
d)
(cu)
A Central Bank differs from a commercial bank in that:
It has no branches
It is the banker of the government
It deals with general public
None of the above
a)
b)
c)
d)
(cv)
Open market operations by a central bank involve :
Sale and purchase of government securities Increase and decrease of discount rate
Changing the reserve ratio up and down
Raising or lowering of the margin requirements.
a)
b)
c)
d)
(cw)
Which one of the following is the most profitable but least liquid
asset of a commercial bank ?
Loans and advances
Money at call and short notice
Bills discounted and purchased
Investment in government securities
(a)
(b)
(c)
(d)
(cx)
The Full form of ICICI is :
Investment credit and Industrial Corporation of India
Indian credit and Investment Corporation of India
Industrial credit and Investment Corporation of India
International credit and Investment Corporation of India
(cy)
Narrow money refers (as per latest RBI Working Group):
(a)Currency + Demand Deposits + other Deposits with RBI
(b)Currency + Demand Deposits + Post Office saving deposits
(c) Currency + Demand Deposits + Money at call
(cz)
(da)
(db)
PNB, SB I, Canara Bank are examples of:

(a) Semi Private banks
(b) Public Sector banks
(c) Private Sector banks (d) Semi public Sector banks
(dc)Margin requirement for commercial bank refers to

(a) Profit margins
(b) CRR and SLR
(c) CRR
(d) Difference between amount of Security to be given by the borrowers to
the bank and the amount of Loan.
(dd)NM1 Is defined by RBI (as per latest definition) as
a) Currency + Deposits + other deposits with RBI
b) Currency + Demand Deposits + other deposits with RBI
c) Currency + Fixed Deposits + other deposits with RBI
d) Currency + Time Deposits + other deposits with RBI
(de)
Nationalised Banks include :
(df)
(a) PNB (b) Citibank
(dg)
(c) American Express Bank
All of the above
(dh)
(di)
Two Nationalized banks were merged in the year:

(a) 1991
(b)1975
(c)1980
(d)
(d) 1993
(dj)______________________________________Out of 5.6 lakh villages in

India, only________________________________villages are being served
(dk)
by commercial banks before Nationalisation of banks :
(dl)
(a) 66,000
(b) 10,000
(c) 5,000
(d) 50,000
(dm)
(dn)
Population per Bank Office at present in 2012 is :

(a) 5000
(b) 55,000
(c) 12,500
(d) 18,000
(do)___________________________Total bank lending was just

in
June, 1969
(dp)
a) 9,933 crore
b) 3,399 crore
c) 1,000 crore
d) 10,000
crore
(dr)
(ds)
(dt)
(dq)Who is regulatory authories for securities market in India ?

(a) RBI
(b) SEBI
(c) TRAI
(d) BSE
Banking Regulation Act, of India pertains to the year :
(a) 1945
(b) 1949
(c)1943 (d) 1934
(du)Which of the following is a commercial bank in India ?

(dv)
(a) SBI (b) Citi Bank
(dw)
(c) ABN Amro Bank
(dx)
The basic distinction between M1 and M2 is in the :
(a) Treatment of post office deposits
(b) Treatment of time deposits of banks
(c) Treatment of saving deposits of banks
(d) Treatment of currency
(dy)After 1950, commercial banks in India were nationalized :
(dz)
(a) once in 1969
(b) Twice in 1969
and 1980
(ea) (c) Thrice in 1969, 1980 and 1991 (d) none of the above
(eb)Which of the following is not included in M1 ?
(ec)
(a) Currency (b) Demand Deposits
(ed)
(c) Other deposits with RBI
(d) Other
deposits with post office
(ee)Which is not near money ?
(ef)
account
(c) Both (a) and (b)
(a)
Balance in saving
(b) Balance in current account
(d) Time deposits
(eg)
Which of the following is not included in M2 ?
(eh) (a)M1
(b) Time liabilities portion of saving deposits with bank
(c) Certificate of deposits issued by banks
(d) Teem deposits with banks with maturity over one year
(e) In order to control credit:

(a) CRR should be increased and Bank rate shouSd be decreased.
(b) CRR should be reduced and Bank rate should be reduced.
^cfCRR should be increased and Bank rate should be
increased.
(f)
(d) CRR should be reduced and Bank rate should be increased.
(g)
Read the following paragraph and questions 136 to 137. In the
Monetary Policy announced for the year 2006-07 the following
annoucements were made - Bank Rate, Repo Rate, Reverse Repo Rate
and Cash Reserve Ratio have been kept unchanged at their present levels
of 6 per cent, 6.5 per cent, 5.5 per cent and 5 per cent respectively. These
have been kept unchanged as liquidity pressure seen during the last 4
months of 2005-06 have eased off considerably. What is Bank Rate?
(a) The rate of interest charged by public sector banks from the
general public.
(b) The rate of interest on housing loans.
(c) The rate of interest on educational loan.
(h)
j^ffThe rate at which the RBI discounts the bills of commercial banks
(i)
In the given paragraph it is stated that Bank Rate and Cash
Reserve Ratio(CRR) have been kept unchanged. What can RBI do if it
wants to control credit In the economy?
(j)
(a) Decrease Bank Rate and decrease
CRR. v (byincrease Bank Rate and increase
CRR, '{c) Increase Bank Rate and decrease
CRR
(k) (d)
Decrease Bank Rate and increase CRR.
(l)
(m)
Who is the official "lender of the last resort" in India?

(a) SBI
(b) PNB
,(C) RBI (d) OBC
(n)
In order to encourage investment in the country, the RBI
may: (a) reduce CRR, decrease bank rate
(b) increase CRR. (c)
sell securities in the open market.
(d) increase Bank rate.
(o)______________________________At present, Bank rate is
________________________________percent (May-2012)
(p)
(a) 5
(b) 9
(q)____ is the Banker's Bank in India.

(r)
(a) SBI
(b) PNB
(c) 6.5
(c) RBI
(d) 5.5
(d) OBC
(s)_________________________________________________!n terms of
lending priority sector constitute about__________________of total bank
(t)
lending.
(u)
(a) 60
(b) 35
(c) 80
(d) 30
(v)............, ....controls affect indiscriminately all sectors of the
economy.
(w)
(a) Selective credit
(b)
Quantitative
(x)
(c) Margin requirements. (d) Optional.
(y)----------------------------------------------------------------------------------'The lender
of last resort' means--------------------------------------------------------.
(z) (a) the government coming to the rescue of poor farmers,
{b) central bank coming to the rescue of other banks in times of
financial crisis.
(c) commercial banks coming to the rescue of smali industrial units.

(d) people coming to the rescue of commercial banks in times of their
financial crisis.
(f)
(e) ....................Is the custodian of monetary reserves in India

(a) SBI
(b) SIDB1
(C) NABARD
(d) RBI
(g) Reserve Bank of India is the India's:
(h) (a) central bank
(b) biggest commercial bank
(i) (c) biggest cooperative bank
(j)
Find the odd one out:
(k)
(a) State Bank of India. (b) Reserve Bank
of India,
(l)
(c) Bank of Baroda.
(d) Bank of India.
(m)
The effect of increase CRR will be reduced or nullified if:
(a) Bank rate is reduced.
(b) securities are sold in the open market.
(c) SLR is increased.
(d) people do not borrow from non-banking institutions
(n)__________________In the year
, the practice of RBI lending to
the government
(o)
through ad hoc treasury bills was given up.
(a) 1951
(b) 1997
(c) 1991
(d) 2001
(p)
in order to control credit and investment, the Central Bank
should :
(a) decrease Cash reserve ratio
(b) decrease Bank rate
(c) buy securities in the open market
(d) sell securities in the open market
(q)
Which of the following is not a quantitative measure of credit
control?
(a) Bank Rate Policy
(b) Open Market Operation
(c) Consumer Credit Regulation
(d) Variable Reserve Requirement
(r)________________RBI makes advances to the Central and State
Government repayable
within____________from the date of advance.
(s)
(a) 60 days
(b) 45 days
(c) 90 days
(d) 75 days
(t)
Monetary policy means:
(a) policy relating to non-banking financial institution
(b) policy relating to public revenue and public expenditure
(c) policy relating to money and banking in a country
(u)
Which of the following statements about central bank is
incorrect?
(a) Central bank regulates currency in accordance with the
requirements of business and the general public
(b) Central banks performs general banking and agency service for
the state
(c) Central bank generally deals with the public and tries to
encourage saving habits among people
(v)
Banks are regulated by:
(w)
of India
(b) Reserve Bank of India
(c) Company Law Board
(x)
(a) Securities Exchange Board

(d) Registrar of Companies
Monetary policy is formulated by :
(y)
Ministry
(a) RBI
(b) SEBI
(c) CLB (d) Finance
(z)
In case RBI wants to increase rate of interest then it should :
(aa)
(a) seil securities
(b) buy
securities
(ab)
(c) hold securities
(d) none
of the above
(ac)Rationing of Credit takes place when :

(a)demand for Credit is Zaro
(b)demand for Credit is higher than supply
(c)demand for Credit is low
(d)none of the above
(ad)Statutory liquidity ratio in India is : {September, 2012)
(ae)a) 15% b) 20%
c) 23%
d) 30%
(af) The cash reserve ratio is determined b^ :
(ag)
(a) Free play of market forces
(b) Commercial banks
(ah)
(c) Monetary authority
(d)
None of the above
(ai)
The Reserve Bank of India was set up in :
(aj)
(a) 1949
(b) 1956
1901
(c) 1935 (d)
(ak)Which one of the following offers the least liquidity?

(al)
(a) Treasury Bills
(b)
Immovable property
(am)
(c) Bill of exchange
(d)
Bearer cheques
(an)The objective of selective credit controls is mainly to :
(a) selectivily allocate credit to commercial banks
(b) selectively allocate credit among borrowers
(a) regulate the quantity of demand deposits created by
commercial banks
(ao) (d) regulate the quantity of credit created by commercial banks
(ap)
(aq)
Which is the central bank of India?

(a) SBI
(b) BOI
(c) RBI
(d) UTI
(ar)
Which is the central bank of India?
(as)
(a) The State Bank of India (b) The
U.N.O.
(at)
(c) The World Bank
(d) The
Reserve Bank of India
(au)
in order to control Inflation in India RBI may :
(av)
(a) Increase CRR
(b) Decrease
CRR
(c) Increase buying of Government Securities
(aw)----------------RBI has
(ax)
in each state of India
(ay)
(a) Very few branches
(b) One branch
(c) No branches(d) None of the above
(az)
Which of the following is not the function of RBI ?
(ba)
a) issue of currency b) Bankers
bank
(bb)
c) Controller of credit d) Banker to
general public
(bc)
(bd)
The present cash reserve ratio as in {May 2011) is :

(a) 5%
(d) 4.5%
(b) 5.5%
(c) 6-5%
(be)
The main objective of fiscal policy in developing countries
is to :
(a) Promote economic growth
(b) Mobilise resources for economic growth
(c)Ensure economic growth and equitable distribution
(d) All the above
(bf)
An increase in SLR will result in
(bg)
(a) An increase in revenue deficit
(b) A decrease in revenue deficit
(c) An increase in fiscal deficit
(d) No change in fiscai deficit
(bh)
Open market purchase of government bonds by RBI will have
the tendency to :
(a) Decrease interest rates, but increase money supply
(b) Decrease interest rates, but decrease money supply
(c) Increase interest rates, but increase money supply
(d) Increase interest rates, but decrease money supply
(bi)
Bank rate means :
(a) Rate of interest paid by banks to depositors
(b) Rate below which banks cannot lend money to borrowers
(c) Rate of interest charged by RBI on its loan to other commercial banks
(d) Rate of interest charged by commercial banks for loan given to RBI
(bj) _____refers to that portion of total deposits which a commercial is
(bk)
required tojteepjvjth. itself in the form of liquid Assets
(bl)
(a) CRR
(b) SL.R(c) Both (a) and (b) (d)
margin requirements
(bm) Which bank among the following is responsible for issuing
currency notes in India ?
(bn)
(a) SBI
(b) RBI
(c) UTI
(d) World
Bank
(bo)
Which of the following is not the objective of Monetary Policy ?
(a) To regulate monetary growth
(b) To ensure adequate expansion in credit to assist economic growth
(c) To introduce measures for strengthening the banking system
(d) To increase Public Revenue
(bp)______
refers to that portion of total deposits which a commercial
(bq)
bank has to Keep with the RBI
(br)
a) CRfT
t3)~STR
~c)
Ba"rik Rate
d) Margin Requirement
(bs)
Which of the following is not included in foreign exchange
reserves ?
(a) Foreign currency assets held by RBI
(b) Gold holding of the RBI
(c) Special Drawings Rights
(bt)
in order to increase money supply in the country RBI may :
(a)Buy securities in the open market
(b)Sell securities in the open market
(c) Increase CRR
(d)Increase Bank rate

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l/l.T.

What is the shape of AR curve.faced by a firm under perfect competition?

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(p)_________________________________ MSME sector contributes

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According to the latest UNDP(United Nation Development

A Gini Index of zero represents :

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Gini index measures :

(au) Occupational structure refers to the

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(bm) Which of the statements is correct?

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(c) West Bengal

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poor person in the world is an Indian

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s)____________________________NDP is GDP minus

u)________________________The value added by the industrial

w)_______________________________GDP at factor cost is

net foreign investment

aa)_________________________Net national product at market

aj)_______________________The net value added method of

Net National Product at factor cost is;

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a) GDP at market price = GNP at market price - Net income from

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(b) Wealth tax