RBP12

RBPO- Economics
1,11
@
Times New Roman
20
Times New Roman
20
DIRECTIONS
This section is based on Economics.
^
A question and 4 answer choices are displayed.
Choose the correct answer from the available choices.
^
Example
Which one of the following is not a characteristic of a developing economy?
Self-sufficiency in capital
Low per capita income
Backward technology
Excessive dependence on agriculture
^
#
1
~
Which one of the following is not a characteristic of a developing economy?
~
Self-sufficiency in capital
Backward technology
Excessive dependence on agriculture
%
The correct answer is Self-sufficiency in capital.
%
#
2
~
With the advancement of the economy
~
The share of industry in national product rises
The share of agriculture in national product falls
The share of agriculture in national product rises
None of the above
%
The correct answer is The share of agriculture in national product falls.
%
#
3
~
The Indian economy in the pre-British period consisted of isolated village which
are
~
Deficient
Surplus
Self-sufficient
None of the above
%
The correct answer is Self-sufficient.
%
#
4
~
The dominant occupation of the Indians is
~
Trade
Industry
Transport
Agriculture
%
The correct answer is Agriculture.
%
#
2
~
Predominance of agriculture in a country's economy both in terms of employment a
nd income generation shows that the economy is
~
Developed
Developing
Highly developed
None of the above
%
The correct answer is Developing.
%
#
3
~
The best choice for the developing country is
~
Stable growth
Slow growth
Fast growth
None of the above
%
The correct answer is Fast growth.
%
#
3
~
The structural changes in the composition of national income by... is the conseq
uence of the process of planned programme of economic development
~
Agriculture origin
Industrial origin
Transport origin
Trade origin
%
The correct answer is Transport origin.
%
#
3
~
In the Indian context, the study of poverty were made by
1. Dandekar & Rath
2. P.K. Bardhan
3. B.S. Minhas
4. M. Ahluwalia
5. I.J. Ahluwalia
~
1 and 2 only
2 and 3 only
1, 2, 3, 4 only
3, 4, 5 only
%
The correct answer is 1, 2, 3, 4 only.
%
#
3
~
According to the latest census of 1991 India's population is around
~
69 crore
75 crore
84 crore
90 crore
%
The correct answer is 84 crore.
%
#
1
~
As per census record, India's population in 1901 was around
~
24 crore
25 crore
26 crore
27 crore
%
%
#
2
~
The birth and death rates in India were almost equal between
~
1881 and 1901
1901 and 1921
1921 and 1951
1951 and 1981
%
The correct answer is 1901 and 1921.
%
#
4
~
The death rate, according to the 1991 census stands out to be
~
14 per thousand
13 per thousand
12 per thousand
11 per thousand
%
The correct answer is 11 per thousand.
%
#
4
~
What are the economic factors that causes high birth rate in India?
1. Predominance of agriculture
2. Slow urbanisation and predominance of village
3. Poverty
~
1 only
1 and 2 only
2 and 3 only
1, 2, and 3
%
The correct answer is 1, 2, and 3 .
%
#
3
~
The unemployment is caused primarily by
~
High population growth
High birth rates in the rural area
The defective manpower planning
None of the above
%
The correct answer is The defective manpower planning .
%
#
3
~
A country can hope to overcome the problem of population explosion if the proces
s of industrialisation is accompanied by
~
Urbanisation
Education
Both (a) and (b)
None of the above
%
The correct answer is Both (a) and (b).
%
#
4
~
In India, present trend of rapid urbanisation is due to
~
Influence of cinema and electronic media
Break up of joint family system
Abolition of zamindari system
Lack of employment opportunities in rural areas
%
The correct answer is Lack of employment opportunities in rural areas.
%
#
3
~
Indian farmers insurance against crop failure is the process of one of the major
methods of risk coverage by Indian farmers in
~
Share cropping
Relay cropping
Mixed cropping
Dry farming
%
The correct answer is Mixed cropping.
%
#
2
~
What is the minimum permissible age for employment in any factory or mine?
~
Twelve years
Fourteen years
Sixteen years
Eighteen years
%
The correct answer is Fourteen years.
%
#
3
~
The modern State is
~
Laissez faire State
Aristocratic State
Welfare State
Police State
%
The correct answer is Welfare State
%
#
3
~
Welfare State is the aim of
~
Individualism
Anarchism
Democratic Socialism
Scientific Socialism.
%
The correct answer is Democratic Socialism.
%
#
4
~
In a free economy inequalities of income are mainly due to
~
Free competition
Private property only
Differences in the marginal productivity of labour
Private property and inheritance
%
The correct answer is Private property and inheritance.
%
#
3
~
Change in demand refers to
~
Increase in quantity demanded on the same demand curve
Changing relating of demand and supply
Shift in demand curve
Decrease in quantity demanded on the same demand curve.
%
The correct answer is Shift in demand curve.
%
#
1
~
According to the law of demand, when price
~
Increases demand decreases
Increases demand increases
Decreases demand decreases
Decreases demand does not change
%
The correct answer is Increases demand decreases.
%
#
3
~
Which of the following is at present the largest power using sector of the India
n economy?
~
Agriculture
Domestic consumers and street lighting
Industry
Transport and communications, including Railways
%
The correct answer is Industry.
%
#
2
~
On which of the following do people of India spend most of their income?
~
Clothing
Food
Fuel and light
Household durables
%
The correct answer is Food.
%
#
1
~
For which of the following is the largest are (in acres) used in India?
~
Growing tillage crops
Grazing and grasslands
Forestry
Villages, towns and cities.
%
The correct answer is Growing tillage crops.
%
#
1
~
Demand for good is elastic if
~
The demand for the goods increases when the price falls
The quantity demanded increases less than proportionately with the decrease in p
rice level
A decrease in price results in a decrease in total expenditure on the commodity
All the above situations exist
%
The correct answer is The demand for the goods increases when the price falls
%
#
4
~
Which of the following is not viewed as national debt?
~
Life insurance policies
Long-term Government bonds
National savings certificates
Provident Fund
%
The correct answer is Provident Fund.
%
#
2
~
In 1995-96 Budget, the Income tax exemption limit has been raised from
~
Rs.30,000 to Rs.35,000
Rs.35,000 to Rs.40,000
Rs.37,000 to Rs.42,000
Rs.40,000 to Rs.45,000
%
The correct answer is Rs.35,000 to Rs.40,000.
%
#
4
~
Economic growth means
~
An increased output of goods and services
Increase in Gross National Product over a long-period of time
Increase in Gross Domestic Product over time
All of the above
%
The correct answer is All of the above.
%
#
1
~
Under developed countries export trade is highly biased towards
~
Primary products
Capital goods
Manufactured goods
Consumer goods
%
The correct answer is Primary products
%
#
1
~
Which among the following was not a characteristic of our economy at the time of
independence?
~
We were exporting capital goods
We were self-sufficient before facing the chaos of partition
Indian economy was partially stagnant
None of the above
%
The correct answer is We were exporting capital goods
%
#
4
~
Which one of the following is not included in the primary occupation?
~
Agriculture
Fishing
Plantation
Trading
%
The correct answer is Trading.
%
#
4
~
Indian economy prior to independence remained under-developed due to
~
Economic reasons
Social institutions
Foreign rule
All the above
%
The correct answer is All the above.
%
#
1
~
Economic development can be measured in terms of changes in
~
Real per capita income
Average cost of living of the working class
GNP
None of the above
%
The correct answer is Real per capita income.
%
#
4
~
The characteristics of underdeveloped country is
~
Low rate of saving
lack of technology
Lower productivity
All of the above
%
%
#
4
~
Indian economy is
~
Development economy
Mixed economy
Federal economy
All of the above
%
%
#
3
~
Socialist Pattern comes through
~
Free economy
Public sector
Mixed economy
Laissez-faire
%
The correct answer is Mixed economy.
%
#
1
~
Secondary occupations in a country do not include the following occupations. Whi
ch one?
~
Communications
Manufacturing
Small scale cottage industries
Workshops
%
The correct answer is Communications.
%
#
2
~
One among the following is not included in the tertiary occupation. Which one?
~
Banking
Industry
Trade
Transport
%
%
#
3
~
When was the New Liberalised Industrial Policy announced in India?
~
1989
1990
1991
1992
%
The correct answer is 1991.
%
#
3
~
Equilibrium price is that which
~
Equates consumers and producers surplus
maximises consumers satisfaction
Equates supply and demand
Maximises producers' profit
%
The correct answer is Equates supply and demand.
%
#
2
~
One of the main factors that led to rapid expansion of Indian exports is
~
Imposition of import duties
Liberalisation of the economy
Recession in other countries
Diversification of exports
%
The correct answer is Liberalisation of the economy.
%
#
3
~
The total plan outlay for the Eighth Five Year Plan at `1991-92 prices was
~
786,0000 crore
787,000 crore
788,000 crore
789,000 crore
%
The correct answer is 788,000 crore.
%
#
4
~
Which of the following is most likely to cause an immediate increase in the size
of the working population?
~
A rise in the average size of families
An increase in the birth rate
A fall in the death rate of the over 60 year-olds
More favourable tax treatment of the earnings of married women.
%
The correct answer is More favourable tax treatment of the earnings of married w
omen..
%
#
3
~
Which of the following will tend to raise the market rate of interest in the lon
g run?
~
A fall in the marginal productivity of capital
An increase in the amount of savings by individuals
A rise in consumer demand for present over feature consumption
None of the above
%
The correct answer is A rise in consumer demand for present over feature consump
tion.
%
#
4
~
Public sector consists of those enterprises in which the State owns
~
50 per cent of the capital
%
The correct answer is 100 per cent of the capital.
%
#
1
~
Which techniques of production are preferable to India?
~
Labour-intensive technique
Capital-intensive technique
Both (a) and (b)
None of the above
%
The correct answer is Labour-intensive technique.
%
#
4
~
The `Balanced growth theory' was propounded by
~
H. Leibenstein
J. Vene
A.K. Sen
R. Nurkse
%
The correct answer is R. Nurkse.
%
#
4
~
Who has propounded the doctrine of `unbalanced growth'?
~
R. Nurske
Resenstein Roden
H. Myint
Albert O. Hirschman
%
The correct answer is Albert O. Hirschman.
%
#
4
~
Which of the following industry developed well before independence?
~
Heavy Engineering
Machine tools
Chemical industries
Textiles
%
The correct answer is Textiles.
%
#
3
~
India still remains one of the most under developed nations in terms of
~
Natural resources
The availability of capital
Per capita income
Per capita expenditure
%
The correct answer is Per capita income.
%
#
2
~
While considering the Gross National Product (GNP), which of the following is no
t required?
~
Government purchases of goods
Per capita income of individuals
Private investment
Net foreign investment
%
The correct answer is Per capita income of individuals.
%
#
1
~
The rate of capital formation in under developed economy is low due to
~
Widespread poverty
Demonstration effect to follow suit the consumption pattern of the developed cou
ntries
lack of natural resources
High defence expenditure.
%
The correct answer is Widespread poverty.
%
#
3
~
When did the Reserve bank of India become a State-owned institution?
~
1943
1947
1949
1969
%
%
#
1
~
In India the contribution of agriculture to the net domestic product is
~
32 per cent
60 per cent
65 per cent
70 per cent
%
The correct answer is 32 per cent.
%
#
3
~
The effect of occupational change in a country has the following bearing on the
percentage population of the towns
~
It decreases
It has no effect
It increases
It decreases very sharply
%
The correct answer is 'It increases.'
%
#
4
~
In India, the percentage of population dependent on agriculture (1971) was
~
79.1
77.1
74.1
72.1
%
The correct answer is 72.1.
%
#
4
~
In a country where higher percentage of its population relies, for its livelihoo
d on agriculture, it is index of
~
Developed economy
Capital economy
Socialist economy
Underdeveloped economy
%
The correct answer is Underdeveloped economy.
%
#
2
~
The nature of Indian Planning Commission is
~
Autonomous corporation
Advisory body
Government body
A Ministry
%
The correct answer is Advisory body.
%
#
1
~
The Planning Commission was set up in the year
~
1950
1951
1952
1953
%
%
#
3
~
The Planning Commission in India was set up in 1950 by
~
An ordinance enacted by President
An amendment of Constitution
Government
An act of Parliament
%
The correct answer is Government.
%
#
3
~
The idea of planning in India can be traced back to late
~
Pt. J.L. Nehru
M.K. Gandhi
Mr. Visvesvaraiya
Dadabhai Naoroji
%
The correct answer is Mr. Visvesvaraiya.
%
#
4
~
The Bombay Plan is associated with
~
Dr. S.N. Aggarwal
Sh. M.N. Roy
Dr. D.R. Gadgil
Eight Industrial magnates of India
%
The correct answer is Eight Industrial magnates of India.
%
#
1
~
The Planning in Indian Economy is based on the
~
Mixed economy system
Capital system
Gandhian system
Socialist system
%
The correct answer is Mixed economy system .
%
#
3
~
The ex-officio Chairman of the Planning Commission of India is
~
The Planning Minister
The President
The Prime Minister
The Vice-President
%
The correct answer is The Prime Minister.
%
#
1
~
The five-year plans of our country aim at making the country
~
Self-sufficient
Rich
Industrially developed
Trade oriented
%
The correct answer is Self-sufficient.
%
#
2
~
Draft five-year plans is finally approved by
~
The President
National Development Council
Parliament
Planning Commission
%
The correct answer is National Development Council.
%
#
1
~
The underlying growth model of the First Five Year Plan was of
~
Harrod-Domar
Marxian
Mahalanobis
J.M. Keynes
%
The correct answer is Harrod-Domar.
%
#
3
~
The Second Five Year Plan was based on the model of
~
Dr. V.K.R.V. Rao
Prof. P.C. Mahalanobis
Harrod-Domar
J.M. Keynes
%
The correct answer is Harrod-Domar.
%
#
3
~
The main emphasis laid in the Second Plan was on
~
Agriculture
Power
Industry
None of these
%
%
#
1
~
Planning in India under Pt. J.L. Nehru emphasised
~
Development of heavy and core industries
Small scale farming
Large scale consumers good industries
Small scale and cottage industries.
%
The correct answer is Development of heavy and core industries.
%
#
3
~
Generally perspective plans range for a period of
~
Four years
Five to ten years
Fifteen to twenty years
Twenty to thirty years
%
The correct answer is Fifteen to twenty years.
%
#
2
~
For the first time a strategy of industrialisation and development of heavy indu
stries was adopted in
~
First Plan
Second Plan
Third Plan
Fourth Plan
%
The correct answer is Second Plan.
%
#
4
~
Which of the following is incorrect?
~
1951 56 First Five Year Plan
1956 61 Second Five Year Plan
1961 66 Third Five Year Plan
1966 71 Fourth Five year Plan
%
The correct answer is 1966 71 Fourth Five year Plan.
%
#
3
~
The National Development Council was founded in
~
1950
1951
1952
1953
%
%
#
2
~
Nehruvian planning emphasised on
~
Heavy and core industries
Science and technology
Small scale industries
Agriculture
%
The correct answer is Science and technology.
%
#
3
~
With the change of the Government in the centre Fifth plan was terminated after
~
Five years
Six years
Four years
Three years
%
The correct answer is Four years.
%
#
1
~
The maximum contribution to the resource mobilisation of the public sector for t
he plans comes from
~
Internal borrowing
Foreign borrowing
Surplus of public enterprises
Tax revenue
%
The correct answer is Internal borrowing.
%
#
2
~
A special feature of the Sixth Plan was
~
Sectoral planning
Area planning approach
Planning from top
Decentralisation of planning
%
The correct answer is Area planning approach
%
#
3
~
Which pair is wrong
~
First Plan agriculture and irrigation
Second Plan heavy industries
Third Plan minimum needs programme
Fifth Plan poverty removal.
%
The correct answer is Third Plan minimum needs programme.
%
#
2
~
The set of basic priorities in the Seventh Plan is
~
Food, Work and Productivity
Growth, with Social Justice
Garibi Hatao and Productivity
Growth and Expansion of Employment Opportunities.
%
The correct answer is Growth, with Social Justice.
%
#
2
~
The first modern industry to develop in India was
~
Iron and Steel industry
Cotton Textile industry
Engineering industry
Cement industry
%
The correct answer is Cotton Textile industry.
%
#
2
~
The family planning programmes was officially launched in India for the first ti
me in
~
1950
1952
1955
1956
%
%
#
2
~
The family planning programmes was officially launched in India for the first ti
me in
~
1950
1952
1955
1956
%
%
#
2
~
National Income of a nation is
~
Government's annual revenue
Sum total of factor incomes
Surplus of public sector undertakings
Exports minus imports
%
The correct answer is Sum total of factor incomes.
%
#
4
~
On which of the following basis the Planning Commission has defined poverty in I
ndia?
~
Nutritional requirements of 2,400 calories per person per day for urban areas
Nutritional requirements of 2,100 calories per person per day for rural areas
Both of the above
Neither of the above
%
The correct answer is Neither of the above.
%
#
4
~
Which of the following is an economic factor for the causes of poverty?
~
Low productivity in agriculture
Rapid rise in population
Inequalities of income
All of the above
%
%
#
4
~
Amongst the Handicrafts group, the highest export comes from
~
Brass work
Poultry and ivory
Sandalwood work
Precious stones and pearls
%
The correct answer is Precious stones and pearls.
%
#
1
~
India earns the maximum foreign exchange from
~
U.S.A
Japan
Russia
U.K.
%
The correct answer is U.S.A.
%
#
4
~
The principal commodities which consist the exports of India are
~
Gems and jewellery
Readymade garments
Jute manufacture and handmade carpets
All of the above
%
%
#
1
~
During the colonial rule India's exports mainly consisted of
~
A few primary commodities
Manufactured commodities
handicrafts
None of the above
%
The correct answer is A few primary commodities.
%
#
1
~
The trade between India and East European countries is described as
~
Multilateral trade
Bilateral trade
Rupee trade
Free trade
%
The correct answer is Multilateral trade.
%
#
4
~
India's foreign trade policy can be best described as
~
Multilateral trade
Control of exports
Control of imports
Encouraging exports and regulating imports
%
The correct answer is Encouraging exports and regulating imports
%
#
1
~
Family Planning in India has to face a number of obstacles in rural areas becaus
e of
~
Psychological factors and social orthodoxy
Unawareness of the use of family planning
Corruption by the administrators
None of the above
%
The correct answer is Psychological factors and social orthodoxy.
%
#
4
~
The minimum number of persons required to form a primary co-operative society is
~
2
4
8
10
%
%
#
1
~
Durgapur Steel Plant was set up with assistance of
~
U.K.
U.S.A.
Germany
Switzerland
%
The correct answer is U.K..
%
#
1
~
The major emphasis in the Third Plan was on
~
Making India self-reliant
Adult education
Green Revolution
Food for work programme
%
The correct answer is Making India self-reliant
%
#
1
~
The Approach Paper aims to reduce to proportion of population living below the p
overty-line by 2000 A.D.
~
5 per cent
10 per cent
15 per cent
20 per cent
%
%
#
3
~
As per P.D. Ojha's estimate of poverty in 1960-61, the total rural population th
at lived below poverty line was
~
50 per cent
52 per cent
55 per cent
60 per cent
%
%
#
1
~
IRDP stands for
~
Integrated Rural Development Programme
Indian Railway Displaced Person
International Rural Development Package
International Region for Development Programme
%
The correct answer is Integrated Rural Development Programme.
%
#
2
~
The main objective of IRDP is
~
To improve the sanitation of villages
To improve the economic and social conditions of rural poor
To improve road and railways in the backward regions
None of the above
%
The correct answer is To improve the economic and social conditions of rural poo
r.
%
#
4
~
The main cause of poverty is
~
Under development
Rapid growth of population
Unemployment and underemployment
All of these
%
The correct answer is All of these.
%
#
2
~
To alleviate poverty the government launched programmes for small farmers, margi
nal farmers and agricultural labourers in the year
~
1968-69
1969-70
1970-71
1971-72
%
The correct answer is 1969-70.
%
#
3
~
IRDP was launched in the year
~
1976-77
1977-78
1978-79
1979-80
%
%
#
1
~
The sharing basis between the Centre and the State for NREP is
~
50 : 50
75 : 25
25 : 75
40 : 60
%
The correct answer is 50 : 50.
%
#
3
~
Per capita income is calculated as
~
Income of each state divided by its population
Per head individual income divided by total population
Gross national income divided by total population
Total population multiplied by factor income
%
The correct answer is Gross national income divided by total population.
%
#
2
~
TRYSEM refers to
~
Training of young students for employment
Training of rural youth for self employment
Training of scientists and doctors for employment
None of these
%
The correct answer is Training of rural youth for self employment.
%
#
4
~
The Food for Work Programme has been restructured as
~
IRDP
MFAL
TRYSEM
NREP
%
The correct answer is NREP.
%
#
3
~
Which one of the following has been started to supplement NREP
~
DPAP
IRDP
RLEGP
MFAL
%
The correct answer is RLEGP.
%
#
4
~
The IRDP is not concerned with
~
Growth production
Full employment within a certain time period
Helping the largest group
Establishment of heavy industries in rural areas
%
The correct answer is Establishment of heavy industries in rural areas.
%
#
2
~
The agriculture and the allied producer provides.... per cent of the total value
of India's exports
~
30
16.5
40
45
%
%
#
1
~
The total working force dependent on agriculture in India is
~
60 per cent
65 per cent
68 per cent
69 per cent
%
%
4
~
Average size of land holding in India is
~
7 hectares
5 hectares
4 hectares
Below 2 hectares
%
The correct answer is Below 2 hectares.
%
#
3
~
The first country-wide agricultural census was held in India in
~
1961
1968
1970-71
1973
%
%
#
4
~
Low productivity in Indian agriculture is the result of
~
Uneconomical size of land holdings
Financial weakness of the farmers
Lack of advanced equipment
All the above
%
%
#
1
~
A Five Year Plan is a
~
Medium Term Plan
Perspective Plan
Short Term Plan
None of the above
%
The correct answer is Medium Term Plan.
%
#
2
~
The two major cereals of India are
~
Rice and barley
Rice and wheat
Wheat and barley
Barely and jowar
%
The correct answer is Rice and wheat.
%
#
3
~
The record foodgrain production in 1983-84 was at
~
145.3 m. tonnes
150.3 m. tonnes
152.4 m. tonnes
155.3 m. tonnes
%
The correct answer is Rice and wheat.
%
#
4
~
The main aims of land reforms include
~
Ensuring state control of the means of production
Removing obstructions to agricultural production
Providing equality to the rural people
All of the above
%
%
#
4
~
A major irrigational project is one which covers the minimum area of (in hectare
s)
~
2,000
5,000
8,000
10,000
%
The correct answer is 10,000.
%
#
1
~
The trend since the turn of the century regarding share of total acreage of food
grain cultivation is
~
Declining
Increasing
Same as before
Increase fast
%
The correct answer is Declining.
%
#
4
~
The main difficulties of irrigation is/are
~
Changes in the system of cropping
Water-logging
Salt-effervescence
All of the above
%
%
#
2
~
The leading source of irrigation in India now is
~
Wells
Canals
Tanks
Other sources
%
The correct answer is Canals.
%
#
2
~
During the colonial rule the main source of irrigation was
~
Tube-wells
Tanks
Canals
Other sources
%
The correct answer is Tanks.
%
#
2
~
In which year was Central Waterways Irrigation Navigable Commission established?
~
1935
1940
1944
1951
%
%
#
2
~
In which one of the following sectors was Co-operative Movement in India initiat
ed?
~
Agricultural credit
Farming activities
Agricultural marketing
Consumer co-operation
%
The correct answer is Farming activities.
%
#
4
~
The apex body for formulating plans and co-ordinating agriculture, animal husban
dry, fisheries, education and research in India is
~
National Commission on Agriculture
Directorate Marketing and Inspection
Bureau of Indian Standards
Indian Council of Agricultural Research
%
The correct answer is Indian Council of Agricultural Research.
%
#
3
~
Central Warehousing Corporation was set up in India in the year
~
1947
1952
1959
1960
%
%
#
2
~
When was Operation Flood first launched?
~
1965
1970
1973
1975
%
%
#
4
~
Which one of the following is not an infrastructure industry?
~
Electricity
Coal
Petroleum
Sugar
%
The correct answer is Sugar.
%
#
3
~
In which industry in India are the maximum number of workers employed?
~
Iron and steel
Sugar
Textiles
Jute
%
The correct answer is Sugar.
%
#
2
~
Amongst the leading industrialised countries of the world India occupies place
~
Fifth
Tenth
Twelfth
Fifteenth
%
The correct answer is Tenth.
%
#
3
~
Which is the oldest well-established industry in India?
~
Iron and steel
Jute
Cotton textiles
None of these
%
The correct answer is Cotton textiles.
%
#
1
~
The government recognized the importance of quality seeds and thereby set up Nat
ional Seeds Corporation in
~
1963
1964
1966
1968
%
%
#
2
~
The Indian Council for Agricultural Research was set up in
~
June 1929
July 1929
June 1930
July 1931
%
The correct answer is July 1929.
%
#
1
~
Which one of the following is a unique co-operative venture in the field of larg
e scale fertilizer manufacture?
~
IFFCO
NCDC
NFL
ICAR
%
The correct answer is IFFCO.
%
#
2
~
The total irrigational potential in 1951 was
~
220 lakh hectares
226 lakh hectares
230 lakh hectares
233 lakh hectares
%
The correct answer is 226 lakh hectares.
%
#
3
~
Regional Rural Bank Ordinance was enacted by the govt. in the year
~
1975
1978
1980
1982
%
%
#
2
~
On the eve of independence, the leading source of agriculture finance in India w
as the
~
Co-operatives
Government
Banks
All of the above
%
The correct answer is Government.
%
#
4
~
What does Operation Flood signify?
~
Building bridges
Conserving soil against floods
Fund for flood victims
Boosting milk supply
%
The correct answer is Boosting milk supply.
%
#
2
~
The main problem of the cotton textile industry was
~
Unremunerative price
Obsolete machinery
Interference of government
Labour unrest
%
The correct answer is Obsolete machinery.
%
#
3
~
India's share in the world's foreign trade in 1951 was
~
3.1%
2.5%
2.1%
1.5%
%
The correct answer is 2.1%.
%
#
3
~
In India all infrastructures
~
Are under State monopoly
Are owned privately
Are partially under State monopoly
None of the above
%
The correct answer is Are partially under State monopoly.
%
#
2
~
The first Industrial Policy Resolution was presented in
~
1947
1948
1949
1953
%
%
#
1
~
Public Sector in India is so designed
~
As to supplement private sector
As to supplant private sector
As to encourage joint sector
All of the above
%
The correct answer is As to supplement private sector.
%
#
4
~
Find the old one out
~
IDBI
IFC
ICICI
RBI
%
The correct answer is RBI.
%
#
3
~
Domestic investments in India has always been financed by
~
Foreign loans
Largely from foreign loans
Domestic savings largely
None of these
%
The correct answer is Domestic savings largely.
%
#
3
~
The second plan emphasised the growth of
~
Small industries
All industries
Heavy good industries
Light goods industries
%
The correct answer is Heavy good industries.
%
#
2
~
The Monopolistic and Restrictive Trade Practices Act was passed in the year
~
1959
1969
1973
1979
%
%
#
1
~
The Oil and Natural Gas Commission was set up in
~
1956
1957
1958
1959
%
%
#
4
~
Which one is included in the core industry?
~
Public sector enterprises
Private sector enterprises
Multi-national enterprises
Basic industries and defence
%
The correct answer is Basic industries and defence.
%
#
1
~
The biggest public sector undertaking in India is
~
Indian Railways
ONGC
LIC of India
HMT
%
The correct answer is Indian Railways.
%
#
3
~
Capital intensive industries cause
~
Larger employment opportunities
Increase in capital formation
Unemployment
All of the above
%
The correct answer is Unemployment.
%
#
2
~
The highest number of public sector employees in India is found in
~
Community, social and personal services
Manufacturing
Construction
Banking
%
The correct answer is Manufacturing.
%
#
3
~
The type of fertilizer which is mostly used in India is
~
Phosphoric
Potassic
Nitrogenous
None of these
%
The correct answer is Nitrogenous.
%
#
2
~
Authorised capital of Industrial Development Bank of India is (Rs. Crore)
~
25
50
75
100
%
%
#
4
~
The main problem faced by the small scale industries is/are
~
Lack of marketing know-how
Shortage of capital
Uncertain and poor supply of raw materials
All of the above
%
%
#
3
~
The State Financial Corporations have given assistance mainly to develop
~
Cotton industry in the State
Large scale industry in the State
Medium and small scale industries in the State
Agricultural production in the State
%
The correct answer is Medium and small scale industries in the State.
%
#
2
~
The MRTP Act defined a large house as one with assets not less than
~
10 crore
20 crore
30 crore
40 crore
%
%
#
3
~
The Tata Iron and Steel Co. (TISCO)was set up in Jamshedpur in the year
~
1904
1906
1907
1909
%
%
#
1
~
Which government undertaking is responsible for the management of the public ste
el plants?
~
SAIL
GAIL
ONGC
BHEL
%
The correct answer is SAIL.
%
#
4
~
Small Industries Development Organisation provides a comprehensive range of
~
Consultancy services
Technical assistance
Managerial assistance
All of the above
%
%
#
2
~
When was Provident Fund Act enacted?
~
1961
1952
1965
1950
%
%
#
3
~
The main cause of industrial sickness is
~
Faulty planning
Management deficiencies
Inefficient financial control
All of the above
%
The correct answer is Inefficient financial control.
%
#
2
~
The Seventh Plan envisaged a total investment of
~
Rs.3,15,000 crore
Rs.3,22,366 crore
Rs.3,30,330 crore
Rs.3,50,120 crore
%
The correct answer is Rs.3,22,366 crore.
%
#
3
~
Punjab National Bank was established in
~
1890
1892
1894
1896
%
%
#
1
~
MRTP Act applies to
~
Only the Private Sector
Only the Public Sector
Only the multinationals
Both Public and Private Sectors
%
The correct answer is Only the Private Sector.
%
#
3
~
Governmental direct investment has taken place in
~
All industries
Heavy industries only
Selected industries
Agriculture only
%
The correct answer is Selected industries.
%
#
1
~
The largest producer of iron ore in India is
~
Bihar
Orissa
Madhya Pradesh
Karnataka
%
The correct answer is Bihar.
%
#
4
~
The source of largest revenue in India is
~
Direct taxes
Indirect taxes
Sales tax
Excise duty
%
The correct answer is Excise duty.
%
#
2
~
The most important source of revenue to the State government in India comes from
~
Land revenue
Sales tax
Agricultural income tax
Customs duties
%
The correct answer is Sales tax.
%
#
3
~
The most important source of public revenue is
~
Interests
Licence fee
Taxes
Dividends and profit tax
%
The correct answer is Taxes.
%
#
1
~
Income-tax in India is
~
Direct
Indirect
Progressive
Proportionate
%
The correct answer is Direct.
%
#
3
~
Which one of the following contributes the minimum?
~
Corporation tax
Customs duties
Income tax
Excise
%
The correct answer is Income tax.
%
#
4
~
Which one of the following is levied by the Centre?
~
Sales tax
House tax
Land revenue
Wealth tax
%
The correct answer is Wealth tax.
%
#
4
~
The main source(s) of Union revenues is/are-
~
Customs duties
Union excise duties
Corporation and income-tax
All of the above
%
%
#
2
~
The percentage share of financial allocation to public sector and private sector
in Eighth Five Year Plan was .............. respectively.
~
45 and 55
45.2 and 54.8
47 and 53
47.1 and 52.9
%
The correct answer is 45.2 and 54.8.
%
#
4
~
The main sources of revenue for the States are
~
Land revenue
Sales tax
Agricultural income-tax
All of the above
%
The correct answer is All of the above
%
#
4
~
The non-tax revenues accrue from
~
Interest receipts
Currency and mint
Irrigation, electricity, pubic works
All of the above
%
%
#
3
~
Which of the following steps may be taken by a government to check inflation tem
porarily?
~
Taxes should be reduced
Wages of workers should be increased
Money supply should be reduced
None of the above
%
The correct answer is Money supply should be reduced.
%
#
4
~
Stability of prices can be brought about by
~
Increasing production
Controlling the circulation of money
Devaluation of currency
Both (a) and (b) above
%
The correct answer is Both (a) and (b) above.
%
#
1
~
When did the General Agreement on Tariffs and Trade, Which sets out rules for wo
rld trade, come into force?
~
1948
1951
1954
1957
%
%
#
3
~
The economist who warned against population explosion is
~
Alfred Marshall
Karl Marx
Malthus
None of the above
%
The correct answer is Malthus.
%
#
2
~
Which of the following measures is not likely to help in improving India's balan
ce of payments position?
~
Encouragement of import substitution
Imposition of higher duty on exports
Imposition of higher duty on imports
Devaluation of the rupee
%
The correct answer is Imposition of higher duty on exports.
%
#
4
~
The Reserve Bank of India (RBI) was established on 1st April 1935 under the Rese
rve bank of India Act
~
1930
1932
1933
1934
%
%
#
3
~
A major shift in the 8th Five Year Plan from its preceding ones is
~
The significant reduction in public sector outlays
Major investment in agriculture with a view to promote exports
The concentration of public investment in infrastructure sectors
Major investment in sectors in which industrial sickness has been a chronic prob
lem
%
The correct answer is The concentration of public investment in infrastructure s
ectors .
%
#
4
~
Which of the following is an example of credit investment?
~
A share (of stock)
A draft
A banker's acceptance
A bond
%
The correct answer is A bond.
%
#
1
~
Which of the following would be "fixed cost" to a manufacturing firm?
~
Plant and machinery
Raw materials
Replacement of load
Wages
%
The correct answer is Plant and machinery.
%
#
3
~
Change in which of the following is the best indicator of the change in the stan
dard of living of the people of country?
~
Cost of living index
Index of industrial productivity
Per capita income
Wholesale price index
%
The correct answer is Per capita income.
%
#
2
~
It is impossible for a factor of production to earn economic rent if it
~
Is in perfectly inelastic demand
Is in perfectly elastic supply
Is not a fixed supply
Has more than a single use
%
The correct answer is Is in perfectly elastic supply.
%
#
4
~
The multiplier is the factor by which
~
A change in income changes saving
A change in income changes investment
An increase in investment lowers income
A change in autonomous expenditure changes income
%
The correct answer is A change in autonomous expenditure changes income.
%
#
1
~
All of the following are subsidiaries of the State Bank of India, except
~
Central Bank of India
State Bank of Bikaner and Jaipur
State Bank of Hyderabad
State Bank of Patiala
%
The correct answer is Central Bank of India.
%
#
4
~
All of the following total would be included in a company's profit and loss acco
unt, except
~
Direct costs
Allowance for depreciation of assets
Overhead costs
Value of premises owned by the company
%
The correct answer is Value of premises owned by the company.
%
#
3
~
The scheduled commercial banks in the public sector account for what percentage
of commercial banking system in India?
~
60 per cent
70 per cent
80 per cent
90 per cent
%
%
#
3
~
Which of the following interferes least with the allocation of resources in a ma
rket which is otherwise accepted as ideal?
~
A regressive tax
A progressive income tax
A poll tax
A value added tax
%
The correct answer is A poll tax.
%
#
2
~
A regressive tax will tend to redistribute income more
~
Equally
Unequally
Equitably
Inequitably
%
The correct answer is Unequally.
%
#
3
~
The supply curve for a commodity is assumed to slope upward from left to right.
Which of the following would cause it to shift, downwards to the right?
~
An increase in consumer's income
A rise in the price of a substitute
A unit subsidy from the government
None of the above.
%
The correct answer is A unit subsidy from the government.
%
#
2
~
Economic planning refers to
~
The mobilisation of taxes
The allocation of resources
The planning of manpower
The mobilisation of both taxes and manpower
%
The correct answer is The allocation of resources.
%
#
3
~
Economic planning is an essential feature of
~
Mixed economy
Dual economy
Social economy
Capitalist economy
%
The correct answer is Social economy.
%
#
1
~
India's share in the total world production of crude steel is about?
~
1 per cent
3 per cent
5 per cent
7 per cent
%
%
#
3
~
Which of the following is exclusively concerned with the credit needs of all typ
es of agricultural and rural development in India?
~
IBRD
RBI
NABARD
SBI
%
The correct answer is NABARD.
%
#
2
~
The main function of the National Development Council in India is to
~
Promote national integration
Review the working of the National Plan from time to time
Develop villages
None of the above
%
The correct answer is Review the working of the National Plan from time to time.
%
#
2
~
Which of the following is the basis for determining the national income?
~
Total revenue of the state
Production of goods and services
Net profit earned and expenditure incurred by the state
All of the above
%
The correct answer is Production of goods and services.
%
#
1
~
Which of the following States leads in commerce and industry?
~
Maharashtra
Tamil Nadu
Uttar Pradesh
West Bengal
%
The correct answer is Maharashtra.
%
#
2
~
Which of the following activities dominates the economy of Southern Bihar?
~
Commercial agriculture
Exploitation of mineral resources
Small scale handicraft industries
Transport industry
%
The correct answer is Exploitation of mineral resources.
%
#
2
~
Which of the following States accounts for the largest share of industrial produ
ction and capital investment?
~
Gujarat
Maharashtra
Tamil Nadu
West Bengal
%
The correct answer is Maharashtra.
%
#
4
~
Which of the following is not a characteristic of Indian agriculture?
~
Overdependence on nature
Low level of productivity
Multiplicity of crops
Predominance of large farms
%
The correct answer is Predominance of large farms.
%
#
4
~
Which of the following terms represents the co-existence of private and public s
ectors in an economy?
~
Controlled economy
Capitalism
Joint sector
Mixed economy
%
The correct answer is Mixed economy.
%
#
3
~
Which of the following sectors of the Indian economy has expanded least since In
dia became a republic?
~
Chemicals
Coal mining
Motor vehicles
Iron and steel
%
The correct answer is Motor vehicles.
%
#
1
~
What was the most significant impact of the Industrial Revolution in Europe on I
ndia's economy?
~
Handicrafts of India were ruined
Machines were introduced in the textile industry
Heavy import duty was imposed on foreign goods
Employment opportunities increased manifold
%
The correct answer is Handicrafts of India were ruined.
%
#
3
~
I.B.R.D. aims at
~
Helping children all over the world
Promoting the peaceful uses of atomic energy
Helping in reconstruction and development of economies
Promoting international monetary co-operation
%
The correct answer is Helping in reconstruction and development of economies.
%
#
2
~
Which of the following zones of the Indian Railways has the highest route-kilome
trage?
~
Central Zone
Northern Zone
South Central Zone
Western Zone
%
The correct answer is Northern Zone.
%
#
4
~
Which of the following factors would aggravate inflationary trend?
~
An increase of 10 per cent in the price of agricultural products
An increase of 15 per cent in the money supply in the market
A decrease of 12 per cent in the production of industrial goods
All of the above factors
%
The correct answer is All of the above factors.
%
#
4
~
The deliberate reduction in the external value of a currency is known as -
~
Deflation
Depreciation
Demonetisation
Devaluation
%
The correct answer is Devaluation.
%
#
1
~
Fall in prices and in incomes to restrict demand for foreign goods is known as-
~
deflation
depreciation
demonetisation
devaluation
%
The correct answer is Devaluation.
%
#
4
~
Industrial sickness means
~
Drop in profitability
Shrinking of market credit
Decline in market share
All of the above
%
%
#
2
~
Since independence, India's volume of trade with U.K. has-
~
Gone up
Gone down
Remained same
Absolutely finished
%
The correct answer is Gone down
%
#
3
~
Fiscal deficit in the Union Budget means
~
The difference between current expenditure and current revenue
Net increase in Union Government borrowings from the Reserve Bank of India
The sum of budgetary deficit and net increase in internal and external borrowing
s
The sum of monetised deficit and budgetary deficit
%
The correct answer is The sum of budgetary deficit and net increase in internal
and external borrowings.
%
#
3
~
The term `Paper Gold' is associated with
~
Deficit budget
Currencies still in gold standard
Special drawings rights of the IMF
Special facility of the World Bank
%
The correct answer is Special drawings rights of the IMF.
%
#
1
~
Deficit financing refers to a technique whereby
~
The Government expenditure exceeds the revenue
The Government revenue exceeds Government Savings.
Government's real consumption exceeds the level of its real savings.
All the above takes place
%
The correct answer is The Government expenditure exceeds the revenue.
%
#
4
~
Objectives of planning generally relate to
1. Growth of income
2. Rates of savings and investment
3. Size and composition of production
4. Volume of trade and employment
~
1 only
1, 2 and 3 only
1, 4, 3 only
1, 2, 3, 4.
%
The correct answer is 1, 2, 3, 4.
%
#
3
~
Indian planning is more related to
~
Socialism
Egalitarian society
Capitalism
None of the above
%
The correct answer is Capitalism.
%
#
3
~
National Income Committee in India was appointed in
~
1947
1948
1949
1950
%
%
#
1
~
Who was the Chairman of the National Accounts Committee?
~
P.C. Mahalanobis
D.R. Gadgil
V.K.R.V. Rao
None of the above
%
The correct answer is P.C. Mahalanobis.
%
#
1
~
Give the correct order of inception of the different rural employment and develo
pment programmes from the following :
~
Food for work (FWP), TRYSEM, NREP, JRY
TRYSEM, JRY, NREP, FWP
FWP, NREP, TRYSEM, JRY
NREP, TRYSEM, FWP, JRY
%
The correct answer is Food for work (FWP), TRYSEM, NREP, JRY.
%
#
3
~
After the publication of the Report of the National Income Committee, the task o
f national income estimation was entrusted to
~
Planning Commission
Reserve Bank of India
Central Statistical Organisation (CSO)
Indian Statistical Institute (ISI)
%
The correct answer is Central Statistical Organisation (CSO).
%
#
4
~
The rural employment programmes such as NREP and RLEGP was introduced in the
~
First Plan
Third Plan
Fifth Plan
Sixth Plan
%
The correct answer is Sixth Plan.
%
#
1
~
Who among the following Indian Economists had done pioneering work on National I
ncome?
~
V.K.R.V. Rao
Jagdish Bhagwati
P.N. Dhar
Prof. Shenoi
%
The correct answer is V.K.R.V. Rao.
%
#
1
~
The apex accounting authority of the Central Government is
~
Controller-General of Accounts
Comptroller and Auditor-General
President
Finance Minister
%
The correct answer is Controller-General of Accounts.
%
#
3
~
Tandon Committee was appointed in 1975 to
~
Study the indirect tax structure
Study the direct tax structure
Frame guidelines for follow up of bank credit
None of the above
%
The correct answer is Frame guidelines for follow up of bank credit.
%
#
3
~
The Minimum Needs Programme (MNP) was initiated in the
~
First plan
Third plan
Fifth plan
Seventh plan
%
The correct answer is Fifth plan.
%
#
2
~
The largest area covered by HYV seeds is under
~
Rice
Wheat
Sugarcane
Oilseeds
%
The correct answer is Wheat.
%
#
2
~
The concept of joint sector was recommended in the
~
Hazari Committee Report
Dutt Committee Report
Hathi Committee Report
Alexander Committee Report
%
The correct answer is Dutt Committee Report.
%
#
4
~
Who wrote the book `Development Planning The Indian Experience'?
~
Amartya Sen
Pranab Bardhan
Kaushik Basu
Sukhomoy Chakravarty.
%
The correct answer is Sukhomoy Chakravarty.
%
#
3
~
The number of industries for which licensing is compulsory after the announcemen
t of industrial policy (1991) stands to be
~
16
17
18
20
%
%
#
2
~
Almost simultaneously with the `Bombay Plan' the `People Plan' was drafted by
~
P.C. Joshi
M.N.Roy
B.T. Randive
Jyoti Bose
%
The correct answer is M.N.Roy.
%
#
2
~
Command Area Development (CAD) programme started from 1974-75, is
~
World Bank Sponsored Scheme
Centrally Sponsored Scheme
State Sponsored Scheme
Scheme Sponsored by Lutherian World Service
%
The correct answer is Centrally Sponsored Scheme.
%
#
3
~
The proposed planning period of the `Bombay Plan' (1944) was
~
10 years
5 years
15 years
20 years
%
The correct answer is 15 years.
%
#
4
~
Industrial policy statement, 1991 undertook major policy reforms by
~
Derogating the industrial sector
Liberalizing foreign investment
Technology imports
Initiating all the above
%
The correct answer is Initiating all the above.
%
#
2
~
The High Yielding Varieties Programme (HYVP) was initiated in
~
1965
1966
1967
1969
%
%
#
2
~
The Intensive Area Development Programme (IADP) was started in
~
1959
1960
1961
1962
%
%
#
1
~
The Directional paper of the Eighth plan envisages to achieve
~
Near full employment by 2000 A.D.
Full employment by 2000 A.D.
80% employment level by 2000 A.D.
None of the above
%
The correct answer is Near full employment by 2000 A.D..
%
#
2
~
What is the projected growth rate during the Eighth plan?
~
6%
5.6%
5.5%
5%
%
%
#
2
~
Inflation implies
~
Loss to the debtors
Loss to the creditors
Loss to both (a) and (b)
None of the above
%
The correct answer is Loss to the creditors.
%
#
4
~
Bank rate is the rate at which
~
A bank lends to the public
The RBI lends to the public
The Govt. of India's rate of subsidy
The RBI extends credit to commercial banks
%
The correct answer is The RBI extends credit to commercial banks.
%
#
4
~
National Income in India is estimated with the help of
~
Product Method
Income Method
Expenditure Method
Product and Income Method
%
The correct answer is Product and Income Method.
%
#
4
~
Before July, 1, 1955, State Bank of India was known as
~
National bank of India
Central Bank of India
Commercial Bank of India
Imperial Bank of India
%
The correct answer is Imperial Bank of India.
%
#
3
~
The Lead Bank Scheme was formulated in the year
~
1967
1968
1969
1970
%
%
#
1
~
The Narasimhan Committee (1991) on financial reforms proposed for establishment
of a
~
Four-tier hierarchy of the Banking Structure
Three-tier hierarchy of the banking Structure
Two-tier hierarchy of the Banking Structure
Unified control by the apex institutions
%
The correct answer is Four-tier hierarchy of the Banking Structure.
%
#
1
~
Developing economies are characterised by :
~
Higher population growth rate
Higher dependence on imports of manufactured goods
Higher land-man ratio
Higher ability to withstand seasonal fluctuation
%
The correct answer is Higher population growth rate.
%
#
3
~
An important index of underdevelopment is :
~
Low money national income
Low real national income
Low real per capita income
Low money per capita income
%
The correct answer is Low real per capita income.
%
#
1
~
In an underdeveloped economy the major contribution to the national product is m
ade by :
~
The primary sector
The secondary sector
The tertiary sector
Any of the above
%
The correct answer is The primary sector.
%
#
4
~
Disguised unemployment is a state in which :
~
More workers are engaged in a job than are required
A few workers make no contribution in the job in which they are engaged
The marginal product of labour is zero
Any of the above
%
The correct answer is Any of the above.
%
#
2
~
In a developed economy the major share of employment originates in the :
~
Primary sector
Tertiary sector
Secondary sector
Any of the above
%
The correct answer is Tertiary sector.
%
#
4
~
As an economy develops :
~
The share of agricultural in national products falls
The share of agriculture in occupational structure falls
The share of industry in national product rises
None of the above
%
The correct answer is None of the above.
%
#
4
~
In a mixed economy :
~
Public sector always assumes a commanding position
Public sector has a monopoly in all lines of production
Public sector is the only source of employment
All of the above
%
%
#
1
~
Private capital and enterprise are absolutely free to decide the use to which th
e resources under their command will be put to in :
~
A purely capitalistic economy
A purely socialistic economy
A mixed capitalistic economy
A mixed socialistic economy
%
The correct answer is A purely capitalistic economy.
%
#
4
~
India is primarily an agricultural economy because :
~
Indian agriculture has not been nationalised
India lacks basic and key industries
India has opened more banks in rural areas
All of the above
%
%
#
2
~
Pick up the odd statement :
~
India's per capita is relatively very low
India's industrial output is relatively less than that in many industrialised de
veloped countries like Denmark
India's productivity of capital is low
India's exports are miserably less than her imports
%
The correct answer is India's industrial output is relatively less than that in
many industrialised developed countries like Denmark.
%
#
4
~
Mark the correct statement :
~
India is a stagnant economy
India is an underdeveloped economy
India is a developing economy
India is a fast growing economy
%
The correct answer is India is a fast growing economy.
%
#
4
~
Economic growth is characterised by certain structural changes. Indian economic
growth has been characterised by :
~
Fall in the share of agriculture in national income
Fall in the share of primary exports in total exports
A relatively small fall in the proportion of labour force in primary sector
All of the above
%
%
#
4
~
The economist who pointed attention to relationship between economic growth and
structural changes was :
~
J.M. Keynes
Maurice Dobb
J.R. Hicks
Simon Kuznets
%
The correct answer is Simon Kuznets.
%
#
4
~
As economic growth proceeds :
~
The share of primary sector in national product falls
The share of secondary sector rises
The share of tertiary sector rises
All of the above
%
%
#
3
~
In India during the process of economic growth during the past four decades :
~
The share of manufacturing sector in national product has risen at a faster rate
than that of tertiary sector
The share of tertiary sector has almost remained constant
The share of agricultural sector in national product has registered a decline
All of the above
%
The correct answer is The share of agricultural sector in national product has r
egistered a decline.
%
#
3
~
One of the major weaknesses of structural change in Indian economy has been that
with increase in national product :
~
There has been a sharp fall in the proportion of labour force engaged in agricul
ture
There has been a sharp rise in the labour force engaged in tertiary sector
There has been a relatively faster growth in the growth in the proportion of nat
ional product originating in the tertiary sector than in the manufacturing secto
r
There has been a relatively large shift in export composition
%
The correct answer is There has been a relatively faster growth in the growth in
the proportion of national product originating in the tertiary sector than in t
he manufacturing sector.
%
#
4
~
India's exports :
~
Are concentrated only to a few primary commodities
Are concentrated only to a few engineering goods
Are controlled only to a few countries
None of the above
%
%
#
4
~
During eighties, India's imports consist mainly of :
~
Capital goods and transport equipment
Foodgrains and fertilisers
Maintenance imports
Petroleum products
%
The correct answer is Petroleum products.
%
#
2
~
During the past four decades India's population has increased at an annual avera
ge rate of :
~
20 per cent
2 per cent
0.2 per cent
0 per cent
%
%
#
4
~
The increase in population recorded during the past four decades has been a cons
equence of :
~
Large-scale migration of population from Nepal and Bangladesh
A fall in death rate
A fall in the birth rate
A fall in death rate and high birth rate
%
The correct answer is A fall in death rate and high birth rate.
%
#
2
~
When India enters the third stages of demographic transition :
~
Its population will explode at unprecedented high rates
Its birth rate will register a significant fall
Its death rate will becomes zero
Net migration will be zero.
%
The correct answer is Its birth rate will register a significant fall.
%
#
4
~
A dualistic economy is characterised by the existence of :
~
Agriculture and industries
Transport and communication
Trade and commerce
None of the above
%
%
#
4
~
India is a dualistic economy because?
~
Backward techniques of production co-exist along with sophisticated techniques
Public sector exists alongside with private sector
It both exports and imports iron and steel
None of the above
%
%
#
2
~
During 1050-92, India's real national income has increased at a slower rate than
nominal national income :
~
Because India's population has been rising
Because price level has been rising
Because inequalities in income distribution have been rising
None of the above
%
The correct answer is Because price level has been rising.
%
#
4
~
Per capital income will rise faster than national income :
~
If the price level remains constant
If distribution of income remains constant
If population remains constant
None of the above
%
%
#
4
~
India's national income increased at an annual average rate of 3.9 per cent duri
ng 1951-92 : population increased by a little over 2.0 per cent. Therefore, per
capita income must have increased by
~
3.5 per cent
Over 2 per cent
1.5 per cent
Any of the above
%
%
#
4
~
Economic growth is measurable and directly related to :
~
Real per capita income
Nominal national income
Real national income
Nominal per capital income
%
The correct answer is Nominal per capital income.
%
#
4
~
In infrastructure of an economy we include
~
Power
Transport
Banking
All of the above
%
%
#
2
~
In India all infrastructure
~
Is state monopoly
Is partially state monopoly
Is private owned
None of the above
%
The correct answer is Is partially state monopoly.
%
#
4
~
Pick up incorrect statement from the following :
~
Before independence, foreign capital dominated all capital goods industries
Before independence, native capital and enterprise were interested only in jute
and plantation industries
Foreign aid was flowing in uncontrolled dimensions
All the above
%
%
#
3
~
State participation and intervention in economic activity is a characteristic fe
ature of :
~
A socialistic economy
A mixed economy
A capitalistic economy
None of the above
%
The correct answer is A capitalistic economy.
%
#
2
~
When compared to the Indian economy, economic system opted in the USA should be
described as :
~
A capitalistic system
A mixed capitalistic system
A democratic socialist system
A totally free economy
%
The correct answer is A mixed capitalistic system.
%
#
3
~
When compared to the USA, Indian economic system can be described as :
~
A capitalistic economy
A mixed capitalistic economy
A democratic socialist economy
A totally controlled system
%
The correct answer is A democratic socialist economy.
%
#
2
~
Democratic socialism implies :
~
An all-powerful central authority
A democratic political framework
State ownership over means of production
All of the above
%
The correct answer is A democratic political framework.
%
#
2
~
The first Industrial Policy Resolution was presented in :
~
1947
1948
1949
1950
%
%
#
4
~
The IPR 1948 provided for :
~
State participation in industry
Private participation in industry
Foreign capital participation in industry
All of the above
%
%
#
3
~
Present industrial policy is based on :
~
IPR 1948
IPR 1956
NIP 1991
NIP 1992
%
The correct answer is NIP 1991.
%
#
2
~
Public sector in India is so designed :
~
As to supplant private sector
As to supplement private sector
As to encourage joint sector
None of the above
%
The correct answer is As to supplement private sector.
%
#
4
~
Public enterprises in India have developed only in :
~
Key and basic industries
Consumer's industries
Service industries
All types of industries
%
The correct answer is All types of industries.
%
#
3
~
The Reserve Bank of India was set up in :
~
1956
1949
1935
1901
%
%
#
2
~
Reserve Bank of India is the country's :
~
Biggest commercial Bank
Central Bank
Biggest co-operative Bank
All of the above
%
The correct answer is Central Bank.
%
#
1
~
Reserve Bank of India issues all currency in India except :
~
One-rupee note
Two-rupee note
Five-rupee note
Ten-rupee note
%
The correct answer is One-rupee note.
%
#
3
~
The larger proportion of national income in India is contributed by private sect
or. This shows that :
~
Public sector is in its infancy
Public sector is not performing well
The largest producing sector agriculture is in private sector
The rate of growth of private sector has been more than that of the public sect
or
%
The correct answer is The largest producing sector agriculture is in private sector.
%
#
1
~
The share of public sector in national product during the part four decades has
been :
~
Rising
Declining
Stagnant
Cannot say
%
The correct answer is Rising.
%
#
2
~
The final performance of public enterprises has not been satisfactory since :
~
All of them have been only breaking even
A large number of them have been undergoing losses
The overall rate of profit has been less than planned
All of the above
%
The correct answer is A large number of them have been undergoing losses.
%
#
1
~
Pick up the inconsistent statement from among the following relating to the work
ing of public enterprises in India :
~
Making generous contribution to national exchequer in the form of surpluses
Creation of additional employment opportunities
Contribution to the promotion of balanced regional growth
Assisting the growth of ancillary units
%
The correct answer is Making generous contribution to national exchequer in the
form of surpluses.
%
#
2
~
The private sector in India's mixed economy
~
Has largely stagnated
has grown alongside public sector
Has suffered at the hands of the public sector
None of the above
%
The correct answer is has grown alongside public sector.
%
#
4
~
Indianisation of foreign enterprises may be accomplished by :
~
Nationalisation
Transfer of all interests to resident Indians
Raising the equity participation of Indian nationals in such enterprises
All of the above
%
%
#
3
~
Under the Industries (Development and Regulation Act, 1951, an industrial licenc
e was required till recently :
~
By small-scale industries
By all industries
By an industrial unit whose total capital exceeds Rs. 5 crores
By all units to be set up in backward areas
%
The correct answer is By an industrial unit whose total capital exceeds Rs. 5 cr
ores.
%
#
4
~
A small-scale industry is one in which capital investment does not exceed :
~
Rs.2 lakhs
Rs.5 lakhs
Rs.10 lakhs
Rs.60 lakhs
%
The correct answer is Rs.60 lakhs.
%
#
4
~
A tiny unit is defined as a unit with capital investment of :
~
Rs. 1 lakh
Rs. 1.5 lakh
Rs.1.75 lakh
Rs.5.00 lakh
%
The correct answer is Rs.5.00 lakh.
%
#
3
~
life Insurance Corporation is an example of
~
Development bank
Commercial bank
Investment bank
Co-operative bank
%
The correct answer is Investment bank.
%
#
4
~
Find the odd one out :
~
Punjab National Bank
Bank of Baroda
State Bank of India
Unit Trust of India
%
The correct answer is Unit Trust of India.
%
#
1
~
Find the odd one out :
~
State Bank of India
Bank of India
New Bank of India
%
The correct answer is Reserve Bank of India.
%
#
1
~
Convertibility clause in the loan agreements with financial institutions was int
roduced in :
~
1972
1976
1980
1984
%
%
#
2
~
The apex institution in the field of industrial finance is :
~
Industrial Development Bank of India
Industrial Finance Corporation
Industrial Credit and Investment Corporation of India
%
The correct answer is Industrial Development Bank of India.
%
#
2
~
The Industrial Development Bank of India is :
~
A private shareholders' bank
An autonomous public sector institution
Owned by the Reserve Bank of India
Managed by the State bank of India
%
The correct answer is An autonomous public sector institution.
%
#
1
~
The Major share of financial assistance extended by development banks and invest
ment banks goes to :
~
Private sector
Public sector
Joint sector
Co-operative sector
%
The correct answer is Private sector.
%
#
1
~
The poverty line is defined as :
~
The line of minimum calorie intake for bare subsistence
The line of minimum food intake
The line of minimum cloth consumption
The line of minimum necessities for existence
%
The correct answer is The line of minimum calorie intake for bare subsistence.
%
#
3
~
During the British rule in India, India's foreign trade was characterised by :
~
Large exports of handicrafts
Large imports of handicrafts
Large exports of agricultural products
Large imports of agricultural products
%
The correct answer is Large exports of agricultural products.
%
#
4
~
De industrialisation of the Indian economy during the British rule implies :
~
Decline of traditional handicrafts
Fall in the share of the individual sector in total employment in the economy
Fall in the land-man ratio
All of the above
%
%
#
4
~
India's First Five Year Plan was launched on :
~
January 26, 1950
August 15, 1950
October 2, 1950
April 1, 1951
%
The correct answer is April 1, 1951.
%
#
4
~
India's sixth Five year Plan covered the period :
~
1975-80
1977-82
1978-83
1980-85
%
%
#
2
~
The year 1985-86 marks :
~
The terminal of the Sixth Plan
The beginning of the Seventh Plan
The terminal of the Seventh Plan
The beginning of the Eighth Plan
%
The correct answer is The beginning of the Seventh Plan.
%
#
3
~
Indian economy is a mixed economy because :
~
Agriculture and industry have simultaneously developed in India
Agriculture and industry have both developed in the pubic sector
Private ownership and public ownership over means of production co-exist
Any of the above
%
The correct answer is Private ownership and public ownership over means of produ
ction co-exist.
%
#
4
~
Which of the following were the aims of the First Five Year Plan?
~
Starting a process of balanced all-round development of the economy
Self-sufficiency in agriculture
Building economic overhead
All of these
%
%
#
4
~
Which of the following were the main aims of Fifth Five Year Plan ?
~
Removal of poverty
Attaining self-reliance
Emphasis on agriculture
All of these
%
The correct answer is All of these
%
#
1
~
What was the total outlay of the First Five Year Plan?
~
Rs.1,960 crores
Rs.8,577 crores
Rs.4,672 crores
None of these
%
The correct answer is Rs.1,960 crores.
%
#
2
~
What was the total outlay of Fifth Five Year Plan?
~
Rs.69,380 crores
Rs.42,300 crores
Rs.8,577 crores
None of these
%
The correct answer is Rs.42,300 crores.
%
#
1
~
During which plan the total expenditure on agriculture was the highest?
~
First Five Year Plan
Second Five Year Plan
Third Five Year Plan
Fourth Five Year Plan
%
The correct answer is First Five Year Plan.
%
#
4
~
Which of the following was not the domestic source for financing the Five Year P
lans?
~
Taxation
Public borrowing
Domestic saving
Voluntary contributions from big industrial houses
%
The correct answer is Voluntary contributions from big industrial houses.
%
#
3
~
Which of the following are the components of the strategy adopted since the begi
nning of the Second Plan?
~
More emphasis on industrialisation
Emphasis on heavy goods industry
Both of these
Neither of these
%
The correct answer is Both of these.
%
#
4
~
Which of the following were the external causes for limited success of planning?
~
Natural calamities
Inadequacy of foreign exchange
External aggression
All of these
%
%
#
4
~
Which of the following were the internal causes for the limited success of plann
ing?
~
Heavy expenditure
Deficit financing
Lack of co-ordination between central and state governments
All of these
%
%
#
3
~
What is the contribution of agriculture to National Income of India?
~
44%
50%
33%
30%
%
The correct answer is 33%.
%
#
2
~
By which of the following factors do we measure the economic growth of India?
~
Changes in the growth of population
Changes in the growth of national product
Changes in the growth of consumption
None of these
%
The correct answer is Changes in the growth of national product.
%
#
2
~
The share of agriculture in India's national income has been :
~
Increasing
Declining
The same
Not changing
%
%
#
2
~
India's major imports consist of
~
Industrial manufactured goods
Raw material
Agricultural products
Only (a) and (d)
%
The correct answer is Raw material.
%
#
4
~
Which of the following statements is not correct?
~
Major investment during planning is in the public sector
The chief source of saving in Indian economy is the household sector
The gap between investment and domestic saving is filled through foreign saving
Public sector has not contributed to domestic saving
%
The correct answer is Public sector has not contributed to domestic saving.
%
#
4
~
Which of the following is not the function of the Finance Commission in India?
~
Allocation of the shares of net proceeds of taxes
To lay down principles governing Grants-in-aid
Matters relating to financial relations between the central government and the s
tates
All of these
%
%
#
4
~
Which of the following items are included in the Indian budget?
~
Actual figures of the preceding year
Revised estimates for the current year
Budget estimates for the following year
All of these
%
%
#
4
~
Into which parts the Indian budget is divided?
~
Revenue budget
Capital budget
Neither of these
Both of these
%
%
#
4
~
Which of the following are not the main sources of revenue of the central govern
ment?
~
Income tax
Corporate tax
Customs duties
General sales tax
%
The correct answer is General sales tax.
%
#
4
~
Which of the following is not the main head of expenditure of the central govern
ment?
~
Defence expenditure
Interest on loans
Grants-in-aid
Public health
%
The correct answer is Public health.
%
#
4
~
Which of the following are the main sources of state finance?
~
a) General sales tax
b) Share in central taxes
c) Grants-in-aid
d)Only (b) and (c)
%
The correct answer is d)Only (b) and (c).
%
#
1
~
Roughly what percentage of their revenue resources do the state governments coll
ect as Grants-in-aid?
~
14.9
19.0
26.0
6.0
%
%
#
1
~
What minimum reserve is kept by the R.B.I. for issuing currency notes?
~
Rs.115 crore worth gold and Rs.85 crore worth foreign securities
Gold or securities worth Rs.40 per currency note of Rs.100
700 crore worth gold
None of these
%
The correct answer is Rs.115 crore worth gold and Rs.85 crore worth foreign secu
rities.
%
#
4
~
Which of the following is not the function of Reserve Bank of India?
~
Issuing currency notes
Banker to government
Banker to banks
Controller of foreign exchange
%
The correct answer is Controller of foreign exchange.
%
#
4
~
Which of the following conditions are fulfilled for becoming a scheduled Bank?
~
Paid up capital and reserve fund should be at least Rs.5 lakhs
Weekly report of their performance to R.B.I.
Abide by rules laid down by R.B.I.
All of these
%
%
#
4
~
In which of the following respects the regional rural banks differ from the ordi
nary commercial banks?
~
Area of operation is limited t a specified region
Grant of loans and advances to small farmers
Salary structure of their employees prescribed by the central government
All of these
%
%
#
1
~
Which of the following is the main function of Unit Trust of India?
~
Mobilise small savings
Giving loans
Imposing tax
Collecting tax on agricultural land
%
The correct answer is Mobilise small savings.
%
#
4
~
Which of the following statements regarding fiscal and monetary system in India
is not correct?
~
Regional rural banks in India are different from the Commercial banks
Finance Commission is appointed every 4 years by the President of India
Reserve Bank of India is the only currency notes issuing agency
R.B.I. follows percentage system for issuing currency notes
%
The correct answer is R.B.I. follows percentage system for issuing currency note
s.
%
#
1
~
Which of the following commodities earn the highest foreign exchange for India?
~
Coffee and tea
Metal iron ore
Iron and steel
Clothes
%
The correct answer is Coffee and tea.
%
#
3
~
From which of the following countries did we earn the highest amount of foreign
exchange?
~
Japan
Russia
U.S.A.
Italy
%
The correct answer is U.S.A.
%
#
4
~
Which of the following statements is not correct regarding India's trade and pay
ment?
~
During the Second Five Year Plan India imported large quantities of heavy capita
l goods
India's imports consisted of capital equipment
India's exports still constitute the traditional goods
India has stopped accepting foreign assistance
%
The correct answer is India has stopped accepting foreign assistance.
%
#
4
~
What are the consequences of the price rise?
~
Adverse effect on investment
Adverse effect on balance of payment
Promotion of inequalities
All of these
%
%
#
4
~
ndia?
~
Nutritional requirements of 2,100 calories per person per day for rural areas
Neither of these
Both of these
%
%
#
4
~
Which of the following is not the economic factor for the causes of poverty?
~
Fast rise in population
Mass illiteracy
%
The correct answer is Mass illiteracy.
%
#
2
~
Which of the following measures cannot remove poverty?
~
Population control
Government subsidies
Increase in production
Equitable distribution
%
The correct answer is Government subsidies.
%
#
1
~
The inequalities of income in the non-agricultural sector are ?
~
Increasing
Decreasing
Stable
All of these
%
The correct answer is Increasing.
%
#
4
~
Which of the following are the causes of inequality of income?
~
The institution of private property
The law of inheritance
Economic exploitation
All of these
%
%
#
4
~
What is not the effect of the inequalities of income?
~
Unemployment
Concentration of economic power
Difference in standard of living
Depression in Industries
%
The correct answer is Depression in Industries.
%
#
2
~
What measure was suggested by Karl Marx for the reduction of inequality of incom
e?
~
Equal income for all
Income according to needs
Higher tax on unearned income
Increasing the income of the poor
%
The correct answer is Income according to needs.
%
#
2
~
When was Employee's Provident Fund Act enacted?
~
In 1961
In 1952
In 1950
In 1965
%
The correct answer is In 1952.
%
#
4
~
Which of the following measures have been taken to modernise Indian agriculture?
~
Area under irrigation increased
High yielding variety seeds
Credit and facilities to villages
All of these
%
The correct answer is Credit and facilities to villages.
%
#
4
~
Which of the following are the defects in agrarian structure in India?
~
Tenants have little incentive
Tenants cannot afford to provide capital investment
Tenants get no benefit by working with better equipment
All of these
%
%
#
4
~
Land reform could not make much headway. Which of the following are responsible
for it?
~
Complexity and variety in the land reform laws
Lack of integrated approach in implementing reforms
Lack of financial support
All of these
%
%
#
4
~
Which of the following statements regarding Indian Agriculture is not correct?
~
Indian agriculture is a gamble in monsoons
By green revolution we mean fast increase of agricultural production
Consolidation of holdings has helped Indian agriculture to grow
Agriculture is a secondary industry in India
%
The correct answer is Agriculture is a secondary industry in India.
%
#
4
~
Which of the following reasons make us to emphasise the role of cottage and smal
l scale industries?
~
Provides employment
Ensures equitable distribution of national income
Helps in using latent capital
All of these
%
%
#
1
~
Why was joint sector mooted in India?
~
For mobilising initiative resources
Because the government was unable to handle
Because private entrepreneurs were exploiting consumers
None of these
%
The correct answer is For mobilising initiative resources.
%
#
4
~
When was concept of core sector introduced in India?
~
1948
1956
1970
1980
%
%
#
1
~
What is meant by core sector?
~
Industries employing capital valued at more than Rs.35 crore
Industries employing capital valued between Rs.5 Crore and 35 crore
Industries employing capital valued between Rs.1 crore and 5 crore
None of these
%
The correct answer is Industries employing capital valued at more than Rs.35 cro
re.
%
#
1
~
The share of sector has grown over the years, in the India's economic growth :
~
Public
Private
Core
Joint
%
The correct answer is Public.
%
#
1
~
Name the Indian road which is considered to be the highest in the World?
~
Manali to Leh
Simla to Ranipur
Gangtok to Nathu La
Tezpur to Bomdila
%
The correct answer is Manali to Leh.
%
#
3
~
Which of the following states has the largest road mileage in India?
~
Rajasthan
Maharashtra
Tamil Nadu
West Bengal
%
The correct answer is Tamil Nadu.
%
#
4
~
Which of the following shipyards is under construction?
~
Visakhapatnam Shipyard
Garden Reach Workshop at Calcutta
Mazagon Dock at Bombay
Cochin Shipyard
%
The correct answer is Cochin Shipyard.
%
#
4
~
What are the problems posed by urbanisation?
~
Growth of slums in cities
Lack of amenities
Problems of civic administration
All of these
%
%
#
4
~
Which of the following are the items for country planning?
~
Raising standard of living
Opportunities for work
Facilities for education
All of these
%
%
#
4
~
Which of the following measures can be taken to modernise agricultural sector?
~
Development of transport system
Development of rural industries
Social welfare service
All of these
%
%
#
1
~
Which one of the following is the failure of efforts to improve agricultural pro
duction?
~
Low yield per acre
Non-reclamation of barren land
Very little development of irrigation facilities
None of these
%
The correct answer is Low yield per acre.
%
#
4
~
Which one of the following statements regarding the achievements in not correct?
~
The rate of increase in gross national product is markedly low
Per capita income is much less
Socialist pattern of economy is not properly adopted
Price rise has been checked since planning started
%
The correct answer is Price rise has been checked since planning started.
%
#
3
~
The Seventh Five Year Plan covers the five year period :
~
1980-85
1984-89
1985-90
1986-91
%
%
#
4
~
The terminal year of the long-term perspective in which the Seventh Plan has bee
n prepared is :
~
1989-90
1994-95
1996-97
1999-2000
%
%
#
1
~
Seventh Five Year Plan postulated a rate of growth of 5 per cent per annum. This
relates to
~
Gross domestic product
Agriculture
Industry
Service sector
%
The correct answer is Gross domestic product.
%
#
3
~
For the agriculture sector the Seventh Plan targeted for 4 per cent growth rate.
This relates
~
To the period 1985-90
The year 1989-90
The annual average for 1985-90
Annual average for 1985-95
%
The correct answer is The annual average for 1985-90.
%
#
2
~
In the Seventh Plan, the poverty line in rural areas has been fixed at an income
level of Rs.107. This is at the price level in the year
~
1978-80
1984-85
1985-86
1989-90
%
%
#
4
~
In the Seventh Plan, the poverty line in urban areas has been fixed at :
~
Rs.107
Rs.112
Rs.117
Rs.122
%
The correct answer is Rs.122.
%
#
2
~
The percentage of living below the poverty line has been estimated in the Sevent
h Plan at :
~
48.8
36.9
25.8
17.6
%
%
#
2
~
The percentage of population below the poverty line targeted for the terminal ye
ar of the Seventh Plan is :
~
36.8 per cent
25.8 per cent
17.5 per cent
10.8 per cent
%
The correct answer is 25.8 per cent.
%
#
1
~
The protected private sector investment in the Seventh Plan as compared to publi
c sector investment is :
~
More
Less
Equal
Indeterminate
%
The correct answer is More.
%
#
1
~
The total financial outlay for the Seventh Plan is of the order of :
~
Rs. 3,48,148 crores
Rs.3,22,366 crores
Rs.1,54,218 crores
Rs.1,80,000 crores
%
The correct answer is Rs. 3,48,148 crores.
%
#
2
~
The total investment projected in the Seventh Plan is of the order of :
~
Rs.3,48,148 crores
Rs.3,22,366 crores
Rs.1,54,218 crores
Rs,1,80,000 crores
%
The correct answer is Rs. 3,48,148 crores.
%
#
3
~
The total public sector investment projected in the Seventh Plan is of the order
of :
~
Rs.3,48,148 crores
Rs.3,22,366 crores
Rs.1,54,518 crores
Rs.1,80,000 crores
%
The correct answer is Rs.1,54,518 crores.
%
#
4
~
The total financial outlay projected for the public sector during the Seventh Pl
an is of the order of :
~
Rs.3,48,148 crores
Rs.3,22,366 crores
Rs.1,54,218 crores
Rs.1,80,000 crores
%
%
#
3
~
In the sectoral allocation of financial outlay in the public sector, the largest
allocation has been made for :
~
Agriculture
Industries and minerals
Energy
Transport
%
The correct answer is Energy.
%
#
2
~
Why should increase of direct taxes be preferred to increase of indirect taxes i
n a country like India?
~
The direct taxes can be realised more easily and thus lead to decrease in tax ev
asion
The responsibility for direct tax can be fixed on definite individuals whereas t
his is not possible in the case of indirect taxes
The incidence of direct taxes generally falls on the well-to-do sections of the
society whereas the indirect taxes mainly affect the masses
Socialism can be achieved only if excessive wealth is taken away from the rich
%
The correct answer is The responsibility for direct tax can be fixed on definite
individuals whereas this is not possible in the case of indirect taxes.
%
#
2
~
What is a regulated market?
~
A market that is managed directly by the government
Regulation of market prices and practices in the case of selected commodities th
rough legislation
A market which is managed by traders themselves
Buyer's market
%
The correct answer is Regulation of market prices and practices in the case of s
elected commodities through legislation.
%
#
2
~
The Planning Commission of India is :
~
A constitutional body as the Supreme Court
A non-statutory body created by the Centre
A statutory body entrusted with all economic planning in India
An independent and autonomous body performing advisory and research functions to
help the Government of India
%
The correct answer is A non-statutory body created by the Centre.
%
#
1
~
The term `capital-output ratio' refers to :
~
The number of units of capital that are required in order to produce one unit of
output
The productivity of capital in certain earmarked sectors of economy over a given
period of time
Return on capital
Rate of growth of investment
%
The correct answer is The number of units of capital that are required in order
to produce one unit of output.
%
#
2
~
Which one of the following types of industries do not contribute to industrialis
ation in the long run?
~
Capital goods industries
Consumer goods industries
Export promoting industries
Import substituting industries
%
The correct answer is Consumer goods industries.
%
#
4
~
Which of the following is a direct method of reducing economic inequalities?
~
Estate duty
Wealth tax
Capital gains tax
Ceiling on holdings
%
The correct answer is Ceiling on holdings.
%
#
2
~
Which of the following is not one of the main aims of land reforms?
~
To make more rational use of the scarce land resource
State control of the means of production
To redistribute agricultural land in favour of the less privileged classes
To improve the terms and conditions on which land is held for cultivation by the
actual tillers
%
The correct answer is State control of the means of production.
%
#
4
~
Capital-output ratio in an underdeveloped economy like India is generally high d
ue to the following reasons, except :
~
Relative inefficiency of the industries which produce goods
Wastage of capital in the process of production on account of low level of techn
ical knowledge
Scarcity of economic overheads in the country
Lesser investment in agriculture
%
The correct answer is Lesser investment in agriculture.
%
#
4
~
National income calculated at current prices has shown a tendency to rise at a f
aster rate than national income calculated at constant prices. This is because
~
India's population has been rising fast
Planned expenditure has been increasing fast
Statistical manipulations are employed by the planners to highlight the achievem
ents
General price level in the economy has been rising fast
%
The correct answer is General price level in the economy has been rising fast.
%
#
4
~
Among the main components of infrastructure, the sector which need particular at
tention because of the fast growing demand, the limits of our internal sources,
and implications for balance of payments is :
~
Transport
Communication
Irrigation
Energy
%
%
#
2
~
The goals in the energy sector envisage that by the end of the Ninth Plan. The s
hare of hydel sources in the total installed capacity would be of the order of :
~
30 per cent
40 per cent
50 per cent
60 per cent
%
%
#
1
~
The term `wage-goods' covers such things as :
~
(a) Food, clothing, etc.
(b) Petrol, gas, etc.
(c) Automobiles, motorbikes, etc.
(a) + (b)
%
The correct answer is (a) Food, clothing, etc..
%
#
4
~
If farming is to be encouraged to grow into `agri-business', it is necessary tha
t
~
(a)The food prices should remains static over a long period of time
(b) The food prices should show a moderate increase consistent with remunerative
return to the farmers
(c) Stability in the inputs prices
(b) and (c)
%
The correct answer is (b) and (c).
%
#
1
~
India's population registered a growth-rate of 1.25 per cent per annum during th
e decade
~
1941-51
1961-71
1971-81
1981-91
%
%
#
1
~
India's population recorded the maximum growth rate of 2.22 per cent per annum d
uring the decade
~
1941-51
1951-61
1971-81
1981-91
%
%
#
4
~
Urban population as a proportion of total population in the year 1971 was
~
25.72 per cent
17.97 per cent
11.99 per cent
10.29 per cent
%
%
#
3
~
Urban population as a proportion of total population in the year 1951 was
~
25.72 per cent
24.80 per cent
13.31 per cent
10.29 per cent
%
%
#
3
~
Urban population recorded the highest growth during the decade
~
1981-91
1971-81
1961-71
1951-61
%
%
#
1
~
Total urban population in India in the year 1991 as a proportion of total popula
tion was
~
25.72 per cent
23.34 per cent
19.91 per cent
17.97 per cent
%
%
#
2
~
The annual growth rate of urban population during the decade 1981-91 was
~
2.12 per cent
2.20 per cent
2.22 per cent
2.30 per cent
%
%
#
2
~
India's urban population during the decade 1981-91 increased by
~
21.2 per cent
23.56 per cent
24.66 per cent
25.20 per cent
%
%
#
3
~
The annual average rate of growth of urban population in India has been highest
during the decade
~
1951-61
1961-71
1971-81
1981-91
%
%
#
4
~
The highest birth rate in India has been recorded during the decade
~
1981-91
1961-71
1921-31
1901-11
%
%
#
1
~
The lowest birth rate in India has been recorded during the decade
~
1981-91
1961-71
1921-31
1901-11
%
%
#
1
~
Birth rate in the Indian economy during the decade 1941-51 was
~
39.90
41.20
37.20
32.50
%
%
#
2
~
Birth rate in the decade 1951-61
~
Could not be recorded
Was higher as compared to that in 1941-51
Was lower as compared to that in 1941-51
Was the same as in 1941-51
%
The correct answer is Was higher as compared to that in 1941-51.
%
#
2
~
Birth rate in the decade 1951-61
~
Could not be recorded
Was higher as compared to that in 1941-51
Was lower as compared to that in 1941-51
Was the same as in 1941-51
%
The correct answer is Was higher as compared to that in 1941-51.
%
#
1
~
Birth rate in India during the decade 1981-91 was
~
32.50
37.20
41.20
41.70
%
%
#
2
~
Birth rate and death rate are measured as per
~
100 population
1,000 population
100,00 population
1,00,000 population
%
The correct answer is 1,000 population.
%
#
1
~
Death rate in India during the period 1901-91 has been highest during the decade
~
1911-21
1941-51
1961-71
1981-91
%
%
#
4
~
Death rate in India has been lowest during the decade
~
1911-21
1941-51
1961-71
1981-91
%
%
#
1
~
During the period 1901-91, the only decade in which the death rate has been more
than the birth rate has been
~
1911-21
1921-31
1931-41
1941-51
%
%
#
1
~
Death rate during the decade 1901-11 was
~
42.60
48.60
36.30
31.20
%
%
#
2
~
~
42.60
48.60
36.30
31.20
%
The correct answer is 48.60
%
#
2
~
~
11.40
15.00
19.00
22.80
%
The correct answer is 15.00
%
#
1
~
~
11.40
15.00
19.00
22.80
%
%
#
2
~
The only decade which India's population recorded a negative natural growth rate
was
~
1901-11
1911-21
1921-31
1931-41
%
%
#
2
~
India's population recorded the highest natural growth rate during the decade
~
1981-91
1971-81
1951-61
1901-11
%
%
#
2
~
The birth rate and death rate during 1961-71 have been estimated as 41.20 and 19
.00 respectively therefore, the natural growth rate of population during this de
cade was
~
21.10
22.20
18.90
12.50
%
%
#
2
~
India's population had increased from 439.23 million in 1961 to 548.16 million i
n 1971, 683.33 million in 1981, and 844.32 million in 1991, the natural growth r
ate during 1971-81 was
~
Higher than in 1961-71
The same as in 1961-71
Lower than in 1961-71
Lower than in 1981-91
%
The correct answer is The same as in 1961-71/
%
#
4
~
If the birth rate is 32.50 and the death rate is 11.40, as during 1981-91. The n
atural growth rate of population
~
Cannot be determined
Would be falling
Would be increasing
21.10
%
%
#
4
~
Population in India would tend to stabilise
~
Around the end of the 20th century
Around the end of the first quarter of the 21st century
Around the end of the second quarter of the 21st century
Around the end of the 21st century
%
The correct answer is Around the end of the 21st century.
%
#
1
~
The annual average rate of growth of population China has been presently estimat
ed at
~
About 1 per cent
About 2 per cent
About 3 per cent
About 4 per cent
%
The correct answer is About 1 per cent.
%
#
3
~
The Eighth Five Year Plan has envisaged a population growth rate of
~
2.78 per cent
2.28 per cent
1.78 per cent
1.28 per cent
%
%
#
2
~
The Standing Committee of Experts on Population Projection has estimated that th
e annual growth rate of population during the period 1991-96 would be
~
2.2 per cent
1.9 per cent
1.6 per cent
1.3 per cent
%
%
#
2
~
For the period 1996-2001, the projected growth rate of population is
~
2.15 per cent
1.65 per cent
1.15 per cent
0.95 per cent
%
%
#
4
~
As per the projection of the Standing Committee of Expert on Population Projecti
on. India's population in the year 2001 would be
~
92 million
956 million
97 million
1006 million
%
The correct answer is 1006 million.
%
#
4
~
As per the projection, the Net Reproduction Rate is expected to equal unity duri
ng the period
~
1995-2000
2001-2005
2006-2010
2011-2016
%
%
#
4
~
The Eighth Five Year Plan will terminate on
~
December 31, 1995
March 31, 1996
December 31, 1996
March 31, 1997
%
The correct answer is March 31, 1997.
%
#
2
~
The major change introduced in the technique of planning in the Eighth Plan is t
hat this plan is
~
Totalitarian in character
Indicative in character
Directional in character
Centralised in character
%
The correct answer is Indicative in character.
%
#
1
~
The targeted rate of growth proposed in the Eighth Plan is
~
5.6%
5.7%
5.8%
5.9%
%
%
#
2
~
The targeted rate of growth of 5.6% implied that the Indian economy would grow b
y 5.6%
~
Over a period of five years
Per year over a period of five years
(a) and (b)
None of the above
%
The correct answer is Per year over a period of five years
%
#
1
~
The rate of growth measures the growth in
~
National product
Money supply
Per capita income
Wholesale price index
%
The correct answer is National product.
%
#
3
~
The rate of growth 5.6% targeted for the Eighth Plan refers to
~
Increase in nominal value of GNP
Increase in money value of GNP
Increase in real national product
Income in real per capita product
%
The correct answer is Increase in real national product.
%
#
3
~
The increase in real national product implies that while calculating gross natio
nal product
~
Current year' s wholesale price index is made use of
Current year's cost of living index is made use of
Base year s wholesale price index is made use of
Base year's cost of living index is made use of
%
The correct answer is Base year s wholesale price index is made use of.
%
#
4
~
While calculating real national product for a particular year, we assume that
~
The country's total population remains unchanged
The supply of money in the economy remains unchanged
The foreign exchange reserves remain unchanged
The wholesale price index is the same as in the base year
%
The correct answer is The wholesale price index is the same as in the base year.
%
#
2
~
India's GNP increased at an annual average rate of 5.6% during the Eighth Five Y
ear Plan, presuming that the growth rate of population is 2 per cent per annum,
per capita income would increase at an annual average rate of
~
2.8%
3.6%
7.6%
11.2%
%
The correct answer is The wholesale price index is the same as in the base year.
%
#
3
~
The total investment proposed in the Eighth Plan is of the order of
~
Rs.4,34,100 crores
Rs.2,47,865 crores
Rs.7,98,000 crores
Rs.1,80,000 crores
%
%
#
2
~
The finance needed for development during the decade of eighties were raised mai
nly through
~
Deficit financing
Domestic savings
Foreign borrowings
Foreign grants
%
The correct answer is Domestic savings.
%
#
4
~
The proportion of domestic savings in total plan finance has been
~
Between 50 to 60 per cent
%
The correct answer is Between 90 to 95 per cent.
%
#
2
~
The rate of domestic savings in the Indian economy during the eighties has avera
ged around
~
15 per cent
20 per cent
25 per cent
30 per cent
%
%
#
1
~
The major contribution to domestic savings has come from the
~
Household sector
Private corporate sector
Public sector
Small-scale industry sector
%
The correct answer is Household sector.
%
#
4
~
The public sector savings over the last few years have been
~
Increasing slowly
Increasing rapidly
Stagnant
Declining
%
%
#
1
~
The rate of investment in the Indian economy during the period 1951-56 was
~
About 10.7 per cent of the GDP
%
The correct answer is About 10.7 per cent of the GDP.
%
#
3
~
The rate of investment in the Indian economy during the period 1985-92 was about
~
19 per cent
21 per cent
23 per cent
25 per cent
%
%
#
3
~
The share of public sector in total investment during the year 1950-51 was
~
07 per cent
17 per cent
27 per cent
37 per cent
%
%
#
2
~
The share of public sector in total investment in the Indian economy during the
Seventh Plan was a little over
~
36 per cent
46 per cent
56 per cent
66 per cent
%
%
#
4
~
The growth rate of the Indian economy during the first three decades of planning
was not commensured with the rising levels of investment primarily because of
~
Falling savings in the economy
Rising price level in the economy
Expanding money supply in the economy
Increasing capital-output ratio
%
The correct answer is Increasing capital-output ratio.
%
#
4
~
The deterioration in the incremental capital output ratio could be attributed to
, among other factors.
~
Falling real costs in certain sectors like irrigation
Better use of available resources
Adequate synchronisation in the implemented of interlinked projects
Changes in the composition of investment
%
The correct answer is Changes in the composition of investment.
%
#
2
~
The Eighth Plan aims to increase the share of the sector in GDP
~
Primary sector
Secondary sector
Tertiary sector
Foreign trade sector
%
The correct answer is Secondary sector.
%
#
1
~
During the Seventh Plan, the contribution of the agricultural sector to the GDP
~
Was less than that of the tertiary sector
Was less than that of the secondary sector
Increased proportionately over the corresponding period during the Sixth Plan
Was the highest among the three sectors
%
The correct answer is Was less than that of the tertiary sector.
%
#
3
~
The sector, among others, that contributes both to the quality of life as well a
s productivity, is
~
Agriculture
Irrigation
Education
Manufacturing unit
%
The correct answer is Education.
%
#
3
~
The 1991 census revealed a population of
~
646 million
745 million
844 million
943 million
%
%
#
3
~
The 1991 census revealed a population of
~
646 million
745 million
844 million
943 million
%
%
#
1
~
During the past two decades, urbanisation in India has
~
Accelerated
Decelerated
Remained static
Shown no trend
%
The correct answer is Accelerated.
%
#
3
~
At the threshold of the Eighth Plan
~
Population growth has halted in the Indian economy
Incidence of infant mortality has come down significantly
The gap between growth of labour force and growth of employment is widening
Inflation is more a problem
%
The correct answer is The gap between growth of labour force and growth of emplo
yment is widening.
%
#
4
~
Critical imbalances in the Indian economy on the eve of the Eighth Plan can be i
dentified as
~
Increasing fiscal and budgetary deficits
Critical situation in the balance of payments
High rate of inflation
All of the above
%
%
#
2
~
For the Seventh Plan period, the projected ratio of current account deficit to G
DP was
~
0.6 per cent
1.6 per cent
2.6 per cent
3.6 per cent
%
%
#
3
~
During the Seventh Plan period, the ratio of current account deficit to GDP aver
age
~
0.4 per cent
1.4 per cent
2.4 per cent
3.4 per cent
%
%
#
1
~
During the Seventh Plan period, the annual increase in the wholesale price index
was of the order of
~
7 per cent
9 per cent
11 per cent
13 per cent
%
%
#
4
~
During the Seventh Plan, balances from current revenues and contribution of publ
ic enterprises, both inclusive of additional resource mobilisation, were to fina
nce about
~
10 per cent of the total public sector investment
%
The correct answer is 40 per cent of the total public sector investment.
%
#
2
~
During the Seventh Plan, balances from current revenues and contribution of publ
ic enterprises, both inclusive of additional resource mobilisation, financed
~
20 per cent of the total public investment
%
The correct answer is 20 per cent of the total public investment.
%
#
2
~
The public sector investment of the order envisaged in the Eighth Plan requires
that the
~
Dissavings of the Government must rise steeply
Dissavings of the Government must come down sharply
Dissavings of the Government remains unchanged
Dissavings of the Government need not be considered
%
The correct answer is Dissavings of the Government must come down sharply.
%
#
4
~
The Eighth Plan has a fourfold focus, among which the following is not included
~
Clear prioritisation of sectors for investment
Creating a social security net through employment generation
Creation of appropriate delivery systems to ensure that the benefits of investme
nt in the social sectors reach the intended beneficiaries
Achievement of self-sufficiency in industrial production
%
The correct answer is Achievement of self-sufficiency in industrial production.
%
#
3
~
Among the objectives laid down before the Eighth Plan, the following is not ment
ioned
~
Universalisation of elementary education
Provision of safe drinking water and primary health care facilities
Incentives for better education and larger size of families
Generation of adequate employment
%
The correct answer is Incentives for better education and larger size of familie
s.
%
#
1
~
Human development programmes in the Eighth Plan have been seen as the primary re
sponsibility of the
~
Government
Private industry
Voluntary social organisation
International financial institution
%
The correct answer is Government .
%
#
3
~
During the past two decades, the annual rate of growth of employment in the Indi
an economy has been of the order of about
~
0.2 per cent
1.2 per cent
2.2 per cent
3.2 per cent
%
%
#
3
~
During the past two decades, the annual rate of growth of labour force in the In
dian economy has been of the order of about
~
0.5 per cent
1.5 per cent
2.5 per cent
3.5 per cent
%
The correct answer is 2.5 per cent .
%
#
2
~
The employment elasticity with respect to GDP growth in recent years has shown
~
An increasing trend
A declining trend
A stationary trend
No trend
%
The correct answer is A declining trend.
%
#
2
~
The Eighth Plan has set the goal of employment for all in a time span of the nex
t
~
Five years
Ten years
Fifteen years
Twenty years
%
The correct answer is Ten years.
%
#
3
~
The goal of employment for all requires that the annual growth rate of employmen
t in the Indian economy should be of the order of
~
1 per cent
2 per cent
3 per cent
4 per cent
%
%
#
4
~
New stable employment opportunities need be created every year of the order of
~
4 million
6 million
8 million
10 million
%
%
#
4
~
The Eighth Plan has set the target that the rate of literacy among the people of
age group 15 to 35 years at the end of the plan would be
~
60 per cent
75 per cent
90 per cent
100 per cent
%
%
#
4
~
100 per cent literacy in the age group 15-35 involves changing the literacy stat
us of about
~
90 million people
100 million people
110 million people
120 million people
%
The correct answer is 120 million people.
%
#
2
~
The present norms provide for a source of drinking water within a walking distan
ce of
~
0.6 kms.
1.6 kms.
2.6 kms.
3.6 kms.
%
The correct answer is 1.6 kms.
%
#
3
~
After the imposition of ceilings on land holdings in India, the total area decla
red surplus has been of the order of
~
5.23 million acres
6.23 million acres
7.23 million acres
8.23 million acres
%
The correct answer is 7.23 million acres.
%
#
3
~
After the imposition of ceilings on landholdings in India, the total surplus are
a distributed has been of the order of
~
2.65 million acres
3.65 million acres
4.65 million acres
5.65 million acres
%
The correct answer is 4.65 million acres.
%
#
3
~
In the Eighth Plan, it has been recommended that the consolidation of holdings s
hould be made compulsory in
~
All the states
The high-growth regions
The command of the large irrigation projects
The north-eastern districts
%
The correct answer is The command of the large irrigation projects.
%
#
4
~
The strategy for agricultural development in the Eight Plan aims at
~
(a) Achieving self-sufficiency in food
(b) Generating surpluses of specific agricultural commodities for export
(c) Shifting the land area from cultivation of food crops to the cultivation of
crops meant for exports
(a) and (b)
%
The correct answer is (a) and (b).
%
#
4
~
The benefits of Green Revolution till now, have remained confined to this region
~
(a) North
(b) North-west
(c) North-east
(a) + (b)
%
The correct answer is (a) + (b) .
%
#
3
~
The proportion of unirrigated area in total area under cultivation presently sta
nds at
~
One-third
One-half
Two-third
Three-fourth
%
The correct answer is Two-third.
%
#
2
~
The total work-force engaged in agriculture, and allied activities forms about
~
One-third of the total labour force
Two-third of the total labour force
One-half of the total labour force
One-fourth of the total labour force
%
The correct answer is Two-third of the total labour force.
%
#
2
~
Infant mortality rate in India is presently estimated at 80. In Orissa this rate
is 123. In Kerala it is
~
17
47
87
127
%
%
#
1
~
In the following state the infant mortality rate is lower than the national aver
age
~
West Bengal
Uttar Pradesh
Rajasthan
Orissa
%
The correct answer is West Bengal.
%
#
4
~
In the following state the infant mortality rate is higher than the national ave
rage
~
Andhra Pradesh
Bihar
Gujarat
Madhya Pradesh
%
The correct answer is Madhya Pradesh.
%
#
3
~
Within the states the highest birth rate in India is in
~
Andhra Pradesh
Uttar Pradesh
Madhya Pradesh
Punjab
%
The correct answer is Madhya Pradesh
%
#
2
~
The lowest birth rate in India is to be found in the state of
~
Andhra Pradesh
Kerala
Tamil Nadu
West Bengal
%
The correct answer is Kerala.
%
#
2
~
Among the following states, the highest birth rate is in the state of
~
Andhra Pradesh
Bihar
Gujarat
Haryana
%
The correct answer is Bihar
%
#
1
~
Among the following states the lowest birth rate is in the state of
~
Bihar
Rajasthan
Uttar Pradesh
Madhya Pradesh
%
%
#
2
~
Among the four southern states, the highest birth rate is in
~
Andhra Pradesh
Karnataka
Tamil Nadu
Kerala
%
%
#
1
~
Among the four southern states the lowest birth rate is in
~
Kerala
Tamil Nadu
Karnataka
Andhra Pradesh
%
%
#
1
~
Among the states of India, the highest death rate is to be found in the state of
~
Uttar Pradesh
Madhya Pradesh
Orissa
Bihar
%
The correct answer is Uttar Pradesh.
%
#
2
~
Among the states of India the lowest death rate is to be found in the state of
~
West Bengal
Kerala
Punjab
Haryana
%
%
#
4
~
Among the following states, the death rate is the lowest in
~
Andhra Pradesh
Bihar
Gujarat
Haryana
%
The correct answer is Haryana.
%
#
1
~
Among the following states, the death rate is highest in
~
Haryana
Karnataka
Maharashtra
Punjab
%
%
#
3
~
In the following state the death rate is more than the national average
~
West Bengal
Tamil Nadu
Orissa
Kerala
%
%
#
4
~
In the following state the death rate is less than the national average
~
Bihar
Madhya Pradesh
Orissa
Tamil Nadu
%
%
#
4
~
Among the four southern states, death rate is lowest in
~
Andhra Pradesh
Tamil Nadu
Karnataka
Kerala
%
%
#
3
~
The couple protection rate in India, presently, has been estimated at
~
24 per cent
34 per cent
44 per cent
54 per cent
%
%
#
1
~
The couple protection rate in India is highest in the state of
~
Punjab
Gujarat
Tamil Nadu
Kerala
%
%
#
1
~
The couple protection rate in India is lowest in the state of
~
Bihar
Kerala
Orissa
Rajasthan
%
%
#
2
~
Among the following states the couple protection rate is highest in
~
West Bengal
Uttar Pradesh
Rajasthan
Bihar
%
%
#
1
~
Among the following states the couple protection rate is lowest in
~
Uttar Pradesh
Maharashtra
Madhya Pradesh
Haryana
%
%
#
4
~
Among the four southern states, couple protection rate is highest in
~
Andhra Pradesh
Karnataka
Kerala
Tamil Nadu
%
%
#
1
~
Among the four southern states, couple protection rate is lowest in the state of
~
Andhra Pradesh
Karnataka
Kerala
Tamil Nadu
%
The correct answer is Andhra Pradesh.
%
#
1
~
Life expectancy among females during the period 1986-91 has been estimated at
~
59.10 years
69.10 years
79.10 years
89.10 years
%
The correct answer is 59.10 years.
%
#
3
~
Life expectancy among females during the period 1986-91 has been estimated to be
highest in the state of
~
Punjab
Maharashtra
Kerala
West Bengal
%
%
#
1
~
Life expectancy among females during the period 1986-91 has been estimated to be
lowest in the state of
~
Uttar Pradesh
Madhya Pradesh
Andhra Pradesh
Bihar
%
%
#
1
~
Life expectancy of females has been highest among the following in the state of
~
Andhra Pradesh
Bihar
Gujarat
Haryana
%
%
#
1
~
Life expectancy of females has been lowest among the following in the state of
~
Andhra Pradesh
Karnataka
Kerala
Maharashtra
%
The correct answer is Andhra Pradesh
%
#
2
~
Life expectancy of females has been less than the national average in the state
of
Andhra Pradesh
~
Bihar
Gujarat
Haryana
%
%
#
4
~
Life expectancy of females has been more than the national average in the state
of
~
Bihar
Madhya Pradesh
Orissa
Tamil Nadu
%
%
#
3
~
Among the four southern states, life expectancy of females has been highest in t
he state of
~
Andhra Pradesh
Karnataka
Kerala
Tamil Nadu
%
%
#
4
~
Among the four southern states, life expectancy of females has been lowest in th
e state of
~
Andhra Pradesh
Karnataka
Kerala
Tamil Nadu
%
%
#
1
~
Female literacy rate in India has been estimated at
~
39.40
49.40
59.40
69.40
%
%
#
3
~
Female literacy rate in India has been highest in the state of
~
Punjab
Maharashtra
Kerala
Tamil Nadu
%
%
#
2
~
Female literacy rate has been lowest in the state of
~
Bihar
Rajasthan
Uttar Pradesh
Madhya Pradesh
%
The correct answer is Rajasthan.
%
#
4
~
Among the following states, female literacy rate has been highest in
~
Bihar
Rajasthan
Uttar Pradesh
Madhya Pradesh
%
The correct answer is Madhya Pradesh.
%
#
1
~
Among the following states, female literacy rate has been lowest in
~
Madhya Pradesh
Kerala
Tamil Nadu
Andhra Pradesh
%
The correct answer is Madhya Pradesh
%
#
1
~
Among the following states, female literacy rate has been less than the national
average
~
Andhra Pradesh
Gujarat
Haryana
Karnataka
%
%
#
2
~
Among the following states female literacy rate has been more than the national
average
~
Andhra Pradesh
Gujarat
Madhya Pradesh
Orissa
%
%
#
3
~
Among the four southern states female literacy rate has been highest in the stat
e of
~
Andhra Pradesh
Karnataka
Kerala
Tamil Nadu
%
The correct answer is Kerala
%
#
1
~
Among the four southern states female literacy rate has been lowest in
~
Andhra Pradesh
Karnataka
Kerala
Tamil Nadu
%
%
#
3
~
As per the Eighth Plan estimates, India's food requirements for the year 2007 wi
ll be around
~
173 million tonnes
243 million tonnes
283 million tonnes
333 million tonnes
%
The correct answer is 283 million tonnes.
%
#
3
~
Food grains production in the year 2006-07 is likely to be of the order of
~
185 million tonnes
235 million tonnes
285 million tonnes
315 million tonnes
%
%
#
3
~
Net sown area in India is being estimated at
~
100 million hectares
%
The correct answer is 140 million hectares.
%
#
4
~
Gross cropped area in India is being estimated at
~
152.2 million hectares
%
The correct answer is 182.2 million hectares
%
#
2
~
Gross cropped area under foodgrain crops in India is being estimated at
~
87 million hectares
%
The correct answer is 127 million hectares
%
#
2
~
Net sown area is estimated to go up by 2001-02 to
~
%
The correct answer is 141 million hectares
%
#
3
~
Gross cropped area is estimated to go up by 2001-02 to
~
%
The correct answer is 197.2 million hectares.
%
#
3
~
Gross cropped area under foodgrains is estimated to go up by 2001-02 to
~
%
%
#
3
~
Total area that get irrigation facilities is being estimated at
~
%
%
#
1
~
Total area under irrigation is likely to increase by the year 2000-01 to
~
%
%
#
3
~
Cotton production in India is estimated at
~
8.5 million bales
10.5 million bales
12.5 million bales
14.5 million bales
%
The correct answer is 12.5 million bales
%
#
3
~
Sugarcane production in India is being estimated at
~
195 million tonnes
215 million tonnes
235 million tonnes
255 million tonnes
%
%
#
3
~
Oil seeds production in India is being estimated at
~
15.5 million tonnes
16.5 million tonnes
17.5 million tonnes
18.5 million tonnes
%
The correct answer is 17.5 million tonnes.
%
#
1
~
The per-capita availability of land in India is regularly
~
Declining
Increasing slowly
Constant
Increasing rapidly
%
The correct answer is Declining
%
#
2
~
During the Sixth Plan, crude oil production had increased
~
Two-fold
Three-fold
Four-fold
Five-fold
%
The correct answer is Three-fold.
%
#
4
~
During the Seventh Plan, crude oil production had increased at an annual average
rate of
~
0.33 per cent
1.33 per cent
2.33 per cent
3.33 per cent
%
%
#
1
~
Presently, demand for petroleum products, as compared to indigenous production,
is
~
More
Less
Is not changing
Cannot be determined
%
The correct answer is More.
%
#
4
~
Natural gas cannot be used for
~
Producing fertilisers
Power generation
Extraction of LPG
None of the above
%
%
#
2
~
The balance life of oil and gas reserves in India is being estimated at
~
5 years
25 years
75 years
150 years
%
%
#
1
~
The Eighth Plan has projected for the period 1997-98 to 2001-02 an annual averag
e growth of
~
6.05 per cent
7.05 per cent
8.05 per cent
9.05 per cent
%
%
#
3
~
The annual average rate of savings assumed in the Eighth Plan is of the order of
~
11.60 per cent
15.60 per cent
21.60 per cent
25.60 per cent
%
%
#
1
~
The annual average rate of investment assumed to the Eighth Plan is of the order
of
~
23.17 per cent
24.17 per cent
25.17 per cent
26.17 per cent
%
%
#
1
~
Growth rate of total consumption assumed during the Eighth Plan period has been
of the order of
~
5.60 per cent
6.60 per cent
7.60 per cent
8.60 per cent
%
The correct answer is 5.60 per cent
%
#
1
~
Per capita private consumption during the Eighth Plan is expected to grow at the
rate of
~
3.49 per cent
4.49 per cent
5.49 per cent
6.49 per cent
%
%
#
3
~
ICOR during the Eighth Plan is expected to be
~
2.1
3.1
4.1
5.1
%
%
#
1
~
In almost all the sectors of the economy, during the Eighth Plan, it is estimate
d there
~
(a) Will be a shift from the private sector to the public sector
(b) Will be a shift from the public sector to the private sector
(c) Will be a shift from the private sector to the joint sector
(a) + (c)
%
The correct answer is (a) Will be a shift from the private sector to the public
sector.
%
#
3
~
Cement industry was delicensed in
~
July 1981
July 1985
July 1991
July 1992
%
The correct answer is July 1991.
%
#
4
~
To the villages with population of 1500 and above the Seventh Plan had set a tar
get of providing road linkage to
~
50% villages
75% villages
90% villages
100% villages
%
The correct answer is 100% villages.
%
#
3
~
Road linkages were to be provided to 50% of those villages which had population
~
Less than 500
Less than 1000
Between 1000-1500
Between 1500-2500
%
The correct answer is Between 1000-1500
%
#
1
~
ICOR determines
~
The relationship between investment and additional output
The relationship between income and savings
The relationship between income and consumption
None of the above
%
The correct answer is The relationship between investment and additional output.
%
#
2
~
Current outlay in our plans as a proportion of the total plan investment has bee
n of the order of about
~
7 per cent
17 per cent
27 per cent
37 per cent
%
%
#
1
~
The Eight Plan provides for a total outlay in the public sector of the order of
~
Rs.4,34,100 crores
Rs.7,98,000 crores
Rs.12,32,100 crores
Rs.22,32,100 crores
%
The correct answer is Rs.4,34,100 crores
%
#
3
~
The Eighth Plan provides for a total investment in the public sector of the orde
r of
~
Rs.4,34,100 crores
Rs.7,98,000 crores
Rs.3,61,000 crores
Rs. 73,000 crores
%
%
#
3
~
The public sector investment during the Eighth Plan as a proportion of total inv
estment would be of the order of
~
25.2 per cent
35.2 per cent
45.2 per cent
52.2 per cent
%
%
#
1
~
The share of public sector investment in the total investment during the Fifth P
lan was
~
43.3 per cent
47.8 per cent
52.9 per cent
57.6 per cent
%
%
#
3
~
The share of public sector investment in the total investment during the Sixth P
lan was of the order of
~
43.8 per cent
45.7 per cent
47.8 per cent
52.9 per cent
%
%
#
2
~
The share of public sector investment in the total investment during the Seventh
Plan was of the order of
~
43.8 per cent
45.7 per cent
47.8 per cent
52.9 per cent
%
%
#
3
~
The share of the states in total central outlay during the Eighth Plan has been
fixed at
~
21.5 per cent
31.5 per cent
41.5 per cent
51.5 per cent
%
%
#
1
~
The household savings which were estimated at 16.60 per cent of the GDP are expe
cted to grow by 1996-97 to
~
17.10 per cent
17.26 per cent
17.36 per cent
17.56 per cent
%
%
#
1
~
The share of financial savings in total household savings that was estimated at
25.1 per cent during 1966-72 has been estimated during 1982-89 of the order of
~
50.3 per cent
55.3 per cent
60.3 per cent
65.3 per cent
%
%
#
3
~
Government sector savings which were estimated at 1.10 per cent at the GDP durin
g the Sixth Plan are projected during the Eighth Plan of the order of
~
0.10 per cent
-0.10 per cent
- 1.11 per cent
- 2.22 per cent
%
The correct answer is - 1.11 per cent.
%
#
1
~
Public sector savings which were estimated at 3.69 per cent of the GDP during th
e Sixth Plan and 2.33 per cent during the Seventh Plan are projected during the
Eighth Plan to be of the order of
~
2.00 per cent
1.00 per cent
0.00 per cent
- 1.00 per cent
%
%
#
1
~
Private corporate sector savings which were of the order of 1.63 per cent of the
GDP during the Sixth Plan are projected during the Eighth Plan to be of the ord
er of
~
2.00 per cent
1.50 per cent
0.50 per cent
0.00 per cent
%
%
#
4
~
The financing pattern of the Eighth Plan public sector outlay stipulates
~
(a) Reduced share of market borrowing
(b) Increased share of miscellaneous capital receipts
(c) Increased rates of personal income taxation
(a) + (b)
%
The correct answer is (a) + (b).
%
#
1
~
Net Inflow from abroad are expected to finance
~
7.8 per cent of the total public sector outlay
%
The correct answer is 7.8 per cent of the total public sector outlay.
%
#
4
~
During the Seventh Plan the proportion of deficit financing in the total plan ex
penditure amounted to about
~
5 per cent
9 per cent
13 per cent
17 per cent
%
%
#
3
~
During the Eighth Plan, deficit financing as a proportion of the total public se
ctor outlay would be
~
A little less than 10 per cent
%
The correct answer is A little less than 5 per cent
%
#
4
~
During the Seventh Plan, the contribution of PSEs and their resource mobilisatio
n through issue of bonds etc. amounted for about
~
16.2 per cent of the total expenditure
%
The correct answer is 21.2 per cent of the total expenditure.
%
#
3
~
As a proportion of total public sector outlay during the Eighth Plan, the contri
bution of PSEs and their resource mobilisation has been projected as
~
14.10 per cent
24.10 per cent
34.10 per cent
44.10 per cent
%
%
#
4
~
The rate of growth of exports projected during the Eighth Plan is
~
3.6 per cent
7.6 per cent
11.6 per cent
13. 6 per cent
%
The correct answer is 13. 6 per cent.
%
#
4
~
During the Seventh Plan 17.6 per cent of the total inflow of foreign funds was t
ransferred to the private sector, the Eighth Plan has fixed the target at
~
8.7 per cent
18.7 per cent
28.7 per cent
39.7 per cent
%
%
#
3
~
The projected growth rate of the gross value added in agriculture during the Eig
hth Plan is
~
1.1 per cent
2.1 per cent
3.1 per cent
4.1 per cent
%
%
#
2
~
The projected growth rate of gross value added in manufacturing during the Eight
h Plan is
~
8.2 per cent
7.3 per cent
6.2 per cent
5.2 per cent
%
%
#
2
~
The highest growth rate of gross value added during the Eighth Plan has been pro
jected in the following sector
~
Agriculture
Mining and quarrying
Manufacturing
Transport
%
The correct answer is Mining and quarrying.
%
#
1
~
The highest growth rate in the value of gross output during the Eighth Plan has
been projected in the following sector
~
Mining and quarrying
Manufacturing
Transporting
Construction
%
The correct answer is Mining and quarrying.
%
#
1
~
The lowest growth rate in the value of gross output during the Eighth Plan has b
een projected in the following sector
~
Agriculture
Construction
Transport
Communication
%
%
#
3
~
Sectoral share in GDP of agriculture at the end of the Eighth Plan has been proj
ected at
~
34.8 per cent
31.6 per cent
24.6 per cent
15.4 per cent
%
%
#
1
~
During the Eighth Plan, a significant shifts in investments in favour of the fol
lowing sector has been proposed
~
Agriculture
Industry
Transport
Communication
%
%
#
2
~
During the Eighth Plan, the share of the public sector in the total investment i
n manufacturing sector is expected to be
~
15 per cent
25 per cent
45 per cent
65 per cent
%
%
#
4
~
During the Eighth Plan, the share of the public sector in the total investment i
n communication is expected to be about
~
06 per cent
36 per cent
76 per cent
96 per cent
%
%
#
2
~
Of the total investment (public + private) during the Eighth Plan, the largest s
hare is expected to flow to
~
Agriculture
Manufacturing
Construction
Transportation
%
The correct answer is Manufacturing.
%
#
3
~
Tenth Finance Commission's recommendations will cover the period
~
1990-95
1992-97
1995-2000
1997-2000
%
%
#
2
~
Tenth Finance Commission is being chaired by
~
Pranab Mukherjee
K.C. Pant
Manmohan Singh
Harshad Mehta
%
The correct answer is K.C. Pant.
%
#
2
~
Of the public sector outlay during the Eighth Plan, the largest share is expecte
d to go to
~
Agriculture
Energy
Transport
Communication
%
%
#
2
~
India's total exports, as a percentage of GDP, during the Sixth Plan period, per
annum, averaged
~
4.00 per cent
5.00 per cent
6.00 per cent
7.00 per cent
%
%
#
1
~
India's total exports, as a percentage of GDP, during the Seventh Plan period, p
er annum, averaged
~
5.21 per cent
6.21 per cent
7.21 per cent
8.21 per cent
%
%
#
4
~
India's total exports, as a percentage of GDP, during the Eighth Plan period, pe
r annum, are projected at
~
6.60 per cent
7.60 per cent
8.60 per cent
9.60 per cent
%
%
#
4
~
India's annual imports during the Sixth Plan, as a proportion of GDP, were
~
5.33 per cent
6.33 per cent
7.33 per cent
8.33 per cent
%
%
#
4
~
India's annual imports during Seventh Plan, as a proportion of GDP, were
~
5.33 per cent
6.33 per cent
7.33 per cent
8.33 per cent
%
%
#
4
~
India's annual imports during the Eighth Plan, as a proportion of GDP, are proje
cted at
~
8.62 per cent
9.62 per cent
10.62 per cent
11.62 per cent
%
%
#
1
~
India's trade balance has been in deficit. Trade deficit as a proportion of GDP
during the Sixth Plan was
~
3.33 per cent
4.44 per cent
5.55 per cent
6.66 per cent
%
%
#
1
~
India's trade deficit during the Seventh Plan, as a proportion of GDP, was
~
3.13 per cent
4.13 per cent
5.13 per cent
6.13 per cent
%
%
#
4
~
India's trade deficit during the Eighth Plan, as a proportion of GDP, is project
ed at
~
5.05 per cent
4.04 per cent
3.03 per cent
2.02 per cent
%
%
#
2
~
Net invisibles, as a proportion of GDP, during the Sixth Plan, were
~
0.90 per cent
1.90 per cent
2.90 per cent
3.90 per cent
%
%
#
1
~
Net invisibles, as a proportion of GDP, during the Seventh Plan, were
~
0.75 per cent
1.75 per cent
2.75 per cent
3.75 per cent
%
%
#
4
~
Net invisibles, as a proportion of GDP, during the Eighth Plan, are projected as
~
6.42 per cent
4.42 per cent
2.42 per cent
0.42 per cent
%
%
#
2
~
India's current account deficit, as a proportion of GDP, during the Sixth Plan,
was
~
0.43 per cent
1.43 per cent
2.43 per cent
3.43 per cent
%
%
#
3
~
India's current account deficit, as a proportion of GDP, during the Seventh Plan
, was
~
0.38 per cent
1.38 per cent
2.38 per cent
3.38 per cent
%
%
#
2
~
India's current account deficit, as a proportion of GDP, during the Eighth Plan,
is projected at
~
0.60 per cent
1.60 per cent
2.60 per cent
3.38 per cent
%
%
#
3
~
One of the reasons for the sluggish export performance in 1991-92 was
~
Poor monsoons
Rising prices
Collapse of our trade with the Rupee Trade Area
Withdrawal of Exim Scrips.
%
The correct answer is Collapse of our trade with the Rupee Trade Area.
%
#
3
~
The dollar value of our to the Rupee Trade Area during 1991-92 declined by
~
10 per cent
25 per cent
40 per cent
50 per cent
%
%
#
1
~
Under the Liberalised Exchange Rate Management system 40 per cent of export earn
ings are in rupees at a rate fixed by
~
The RBI
The IMF
The World Bank
The market forces of demand and supply
%
The correct answer is The RBI.
%
#
1
~
Foreign exchange for financing the imports of petroleum products is available at
an exchange rate determined by
~
RBI
The IMF
The World Bank
The market
%
The correct answer is RBI.
%
#
1
~
Foreign exchange required for the import of life saving drugs can be procured at
an exchange rate
~
Fixed by the RBI
Dictated by the IMF
Announced by the World Bank
Determined by the market forces
%
The correct answer is Fixed by the RBI.
%
#
4
~
If you want to go to Singapore on a pleasure trip, you can purchase foreign exch
ange to meet your expenses abroad. You can purchase the foreign exchange at a ra
te of exchange determined by
~
The RBI
The IMF
The World Bank
The Market forces
%
The correct answer is The Market forces.
%
#
4
~
The present export-import policy would be valid during the period
~
1990-92
1990-93
1990-95
1992-97
%
%
#
3
~
The statutory liquidity Ratio required to be maintained by commercial banks from
April 2, 1992
~
Is 38.5 per cent
Has been raised from 38.5 per cent to 39.0 per cent
Has been raised from 38.5 percent to 30.0 per cent
Has been reduced to 25 per cent
%
The correct answer is Has been raised from 38.5 percent to 30.0 per cent.
%
#
1
~
Narasimhan Committee has recommended that the
~
SLR should be reduced to 25 per cent
SLR should be totally avoided
SLR should be raised to 50 per cent
None of the above
%
The correct answer is SLR should be reduced to 25 per cent.
%
#
2
~
The difference between the total revenue and the total expenditure of the Govern
ment is known as
~
Revenue deficit
Budgetary deficit
Fiscal deficit
Monetised deficit
%
The correct answer is Budgetary deficit.
%
#
4
~
Budgetary deficit is financed by
~
Raising the tax rates
Borrowings
Mobilising surpluses of public enterprises
Borrowing from the central bank
%
The correct answer is Borrowing from the central bank.
%
#
4
~
Fiscal deficit is financed by
~
Borrowing from the central
Domestic borrowings
External borrowings
All of the above
%
%
#
1
~
Revenue deficit will be less than budgetary deficit if
~
There is a surplus on capital account
There is a deficit on capital account
The capital account is in balance
None of the above
%
The correct answer is There is a surplus on capital account.
%
#
3
~
Bank Rate in India, presently, is
~
10 per cent
11 per cent
12 per cent
13 per cent
%
The correct answer is 12 per cent
%
#
3
~
Current account deficits in balance of payments would be less than trade deficit
s is the net invisibles are
~
In deficits
In balance
Surplus
Not considered
%
The correct answer is Surplus
%
#
2
~
India's net invisibles, more generally,
~
Have been in deficit
Have been in surplus
Have been in balance
Have not been calculated
%
The correct answer is Have been in surplus.
%
#
3
~
The maximum tariff rate has been brought down in the 1992-93 Budget to
~
60 per cent
80 per cent
110 per cent
140 per cent
%
%
#
3
~
The Eighth Plan aims to bring the average tariff rate to
~
60 per cent
35 per cent
25 per cent
05 per cent
%
%
#
3
~
The Government has liberalised capital flows in the form of foreign direct inves
tment. Automatic approval of foreign technology collaboration as well as foreign
participation in about 31 areas is granted upto the extent of
~
75 per cent
66 per cent
51 per cent
40 per cent
%
%
#
4
~
The thrust of the new industrial policy announced in July 1991 is on
~
(a) Removing bureaucratic controls
(b) Opening up a large number of industries to the private sector
(c) Making it unprofitable for small industries to operate
(a) + (b)
%
The correct answer is (a) + (b).
%
#
4
~
The maximum asset limit on the rise of the companies which had hitherto been enf
orced under the MRTP
~
Has been raised to Rs.500 crores
Has been totally scrapped
%
The correct answer is Has been totally scrapped.
%
#
4
~
Industrial production subject to licensing control has been reduced to about
~
5 per cent
10 per cent
15 per cent
20 per cent
%
%
#
1
~
The Government has set up the National Renewal Fund with a view to
~
Providing assistance to cover the cost of retraining and redeployment of labour
Increase the capital base of industries
Provide incentive for modernisation of export products
All of the above
%
The correct answer is Providing assistance to cover the cost of retraining and r
edeployment of labour.
%
#
4
~
One of the important measures of the level of economic development for purposes
of comparison between different countries is the
~
Size of national income
Size of population
Volume of currency in circulation
Per capita income expressed in a common denominator
%
The correct answer is Per capita income expressed in a common denominator.
%
#
3
~
Underdeveloped countries are generally characterised by
(i) low per capita income,
(ii) low size of population.
(iii) low agricultural productivity,
and (iv) low rate of growth of the employment
~
(i) only
(i), (ii) only
(i), (iii), (iv) only
(i), (ii), (iii) only
%
The correct answer is (i), (iii), (iv) only.
%
#
2
~
As per World Bank estimates, the largest area of the world is covered by the gro
up of countries classified as
~
Low income countries
Middle income countries
High income countries
None of the above
%
The correct answer is Middle income countries.
%
#
1
~
The per capita among the following is lowest in
~
India
Pakistan
Thailand
Mauritius
%
The correct answer is India.
%
#
1
~
Among the following group of countries, gross national product is highest in
~
India
Singapore
Sweden
Norway
%
The correct answer is India
%
#
3
~
Average annual growth rate of the gross domestic product in India during the eig
hties has been
~
1 per cent
3 per cent
5 per cent
7 per cent
%
%
#
1
~
Average annual growth rate of the gross domestic product during the eighties amo
ng the following group of countries has been highest in
~
India
U.K.
Japan
U.S.A.
%
%
#
2
~
Average annual growth rate of the per capita product during the period 1965 90 a
mong the following group of countries has been highest in
~
India
China
Japan
U.S.A.
%
The correct answer is China.
%
#
1
~
Average annual growth rate of per capita income during 1956-90 among the followi
ng group of countries has been lowest in
~
India
Pakistan
Sri Lanka
Egypt
%
%
#
1
~
Life expectancy at birth among the following group of countries is lowest in
~
India
China
Sri Lanka
Pakistan
%
%
#
4
~
Adult illiteracy rate among females among the following group of countries is lo
west in
~
Pakistan
India
China
Sri Lanka
%
The correct answer is Sri Lanka.
%
#
1
~
Adult illiteracy rate among males among the following group of countries is the
highest in
~
Pakistan
India
China
Sri Lanka
%
The correct answer is Pakistan.
%
#
1
~
Adult literacy rate among females among the following group of countries is lowe
st in
~
India
Hong Kong
New Zealand
Australia
%
%
#
2
~
Adult literacy rate among females among the following group of countries is high
est in
~
Bangladesh
India
Pakistan
Morocco
%
%
#
1
~
Among the following group of countries adult illiteracy rate is highest in
~
India
China
Kenya
Sri Lanka
%
%
#
3
~
Among the following group of countries adult illiteracy is lowest in
~
Nepal
Nigeria
India
Indonesia
%
%
#
3
~
The adult literacy rate is highest among the following group of countries in
~
India
Philippines
Thailand
Colombia
%
The correct answer is Thailand.
%
#
3
~
The adult literacy rate is lowest among the following group of countries in
~
Egypt
Indonesia
India
Australia
%
%
#
1
~
Average annual growth rate in agriculture during the eighties has been the highe
st among the following group of countries in
~
India
Italy
Australia
Sweden
%
%
#
2
~
Average annual growth rate in agriculture during the eighties has been the lowes
t among the following group of countries in
~
Nepal
India
Zambia
China
%
%
#
1
~
Average annual growth rate in industry during the eighties has been highest amon
g the following group of countries in
~
China
India
Pakistan
Sri Lanka
%
The correct answer is China.
%
#
1
~
Average annual growth rate in industry during the eighties has been highest amon
g the following group of countries in
~
India
Sweden
Japan
France
%
%
#
1
~
Average annual growth rate in industry during the eighties among the following g
roup of countries has been lowest in
~
South Korea
Mauritius
India
Oman
%
The correct answer is South Korea.
%
#
2
~
Average annual growth rate in the service sector during the eighties has been ar
ound
~
5 per cent
6 per cent
7 per cent
8 per cent
%
%
#
1
~
Average annual growth rate in the service sector during the eighties has been hi
ghest among the following group of countries in
~
India
New Zealand
Australia
United Kingdom
%
%
#
2
~
Average annual growth rate in the service sector during the eighties has been lo
west among the following group of countries in
~
China
India
Pakistan
Indonesia
%
%
#
3
~
The fastest annual growth rate during the eighties in India has been in
~
GDP
Agricultural sector
Manufacturing sector
Service sector
%
The correct answer is Manufacturing sector.
%
#
1
~
In an underdeveloped economy, largest contribution to the national product comes
from the
~
Agricultural sector
Service sector
Any of the above
%
The correct answer is Agricultural sector.
%
#
1
~
As an economy develops, the share of the following sector in national income dec
lines
~
Agricultural sector
Industrial sector
Services sector
Any of the above
%
The correct answer is Agricultural sector.
%
#
3
~
Among the following group of countries, large share of the agricultural sector i
n the country domestic product is in
~
China
India
Nigeria
Bhutan
%
The correct answer is Nigeria.
%
#
2
~
Among the following group of countries, the lowest share of the agricultural sec
tor in the country's domestic product is in
~
India
Pakistan
Kenya
Philippines
%
The correct answer is Pakistan.
%
#
3
~
The share of the agricultural sector in India's gross domestic product amounts t
o about
~
One-fifth
One-fourth
One-third
One-half
%
The correct answer is One-third.
%
#
2
~
With economic development the share of the following sector in the gross domesti
c product generally increases
~
Primary sector
Defence sector
Public administration
%
The correct answer is Manufacturing sector.
%
#
1
~
Among the following group of countries, the largest contribution of the manufact
uring sector to the GDP is in
~
India
Pakistan
Kenya
Sri Lanka
%
%
#
1
~
Among the following group of counties, the largest contribution of the manufactu
ring sector to the GDP is in
~
India
Pakistan
Kenya
Sri Lanka
%
%
#
4
~
Among the following group of countries, the lowest contribution of the manufactu
ring sector to the GDP is in
~
Philippines
China
Thailand
India
%
%
#
4
~
The manufacturing sector's share in India's GDP's around
~
One-half
One-third
One-fourth
One-fifth
%
The correct answer is One-fifth.
%
#
3
~
The industrial sector's share in India's GDP is about
~
10 per cent
20 per cent
30 per cent
40 per cent
%
%
#
4
~
The share of the services sector in India's GDP is about
~
10 per cent
20 per cent
30 per cent
40 per cent
%
%
#
4
~
In countries like Sweden, United States, Japan, France, etc. the share of the se
rvice sector in GDP is about
~
30 per cent
40 per cent
50 per cent
More than 50 per cent
%
The correct answer is More than 50 per cent.
%
#
2
~
Average annual growth rate of population is
~
Highest in the low income countries
Highest in the middle-income countries
Highest in the high-income countries
Equal in all the groups of countries
%
The correct answer is Highest in the middle-income countries.
%
#
3
~
The percentage of total population in the age-group 0-14 years in India is about
~
17 per cent
27 per cent
37 per cent
47 per cent
%
%
#
2
~
Most of the developing economies are passing through the
~
First stage of demographic transition
Second state of demographic transition
Third stage of demographic transition
Fourth stage of demographic transition.
%
The correct answer is Second state of demographic transition.
%
#
4
~
The second stage of demographic transition is characterised by
~
Low birth rate and low death rate
Low birth rate and high death rate
High birth rate and high death rate
High birth rate and low death rate
%
The correct answer is High birth rate and low death rate.
%
#
2
~
According to the available estimates, lowest 20 per cent group of households in
India get about
~
2 per cent of total household income
%
The correct answer is 8 per cent of total household income.
%
#
3
~
According to the available estimates highest 20 percent group of households in I
ndia get about
~
%
%
#
2
~
According to the available estimates highest 10 per cent group of households in
India get about
~
%
%
#
3
~
One of the following is NOT a characteristic feature of the Indian economy. Iden
tify
~
Inadequate capital
Use of backward technology
Low rate of population growth
%
The correct answer is Low rate of population growth.
%
#
4
~
Economic growth is characterised by certain structural changes. Indian economic
growth has been characterised by
~
Fall in the share of agriculture in national income
Fall in the share of primary exports in total exports
A reality small fall in the proportion of labour force in primary sector
All of the above
%
%
#
4
~
Among the various minerals found in our country, we face shortage of
~
Iron ore
Manganese
Mica
Copper
%
The correct answer is Copper.
%
#
2
~
~
Bauxite
Zinc
Gypsum
Limestone
%
The correct answer is Zinc.
%
#
1
~
~
Sulphur
Phosphates
Mica
Nitrates
%
The correct answer is Sulphur.
%
#
4
~
Among the various minerals found in our country. India is relatively better-plac
ed in respect of the following
~
Sulphur
Tin
Zinc
Manganese
%
The correct answer is Manganese.
%
#
2
~
The most populous state in India is
~
Madhya Pradesh
Uttar Pradesh
Andhra Pradesh
Himachal Pradesh
%
%
#
2
~
Annual average rate of growth of population in India has been about
~
1 per cent
2 per cent
3 per cent
4 per cent
%
%
#
2
~
The minimum age of marriage for girls in India has been fixed as
~
15 years
18 years
21 years
24 years
%
%
#
3
~
The minimum age of marriage for boys in India has been fixed as
~
15 years
18 years
21 years
24 years
%
%
#
2
~
Among the following countries, density per sq. km. is highest in
~
Belgium
Japan
United Kingdom
India
%
The correct answer is Japan.
%
#
3
~
Among the following countries, density per sq. km. is lowest in
~
USA
USSR
India
Canada
%
%
#
3
~
The birth rate registers a sharp fall in this stage of demographic transition
~
First stage
Second stage
Third stage
Any of the above
%
The correct answer is Third stage.
%
#
2
~
The stage of population explosion is
~
The first stage of demographic transition
The second stage of demographic transition
The third stage of demographic transition
None of the above
%
The correct answer is The second stage of demographic transition.
%
#
4
~
National income in India is estimated with the help of
~
Product method
Income method
Expenditure method
Product and income method
%
The correct answer is Product and income method.
%
#
1
~
The National Income Committee was appointed in the year
~
1949
1959
1969
1979
%
%
#
4
~
The Central Statistical Organisation make use of this year prices as base year p
rices presently
~
1950-51
1960-61
1970-71
1980-81
%
%
#
3
~
The largest share of India's national income originates in the
~
Primary sector
Secondary sector
Tertiary sector
Any of the above
%
The correct answer is Tertiary sector.
%
#
1
~
As per the available estimates, the bottom 20% of the rural population received
~
9% of total income
19% of the total income
29% of total income
39% of total income
%
The correct answer is 9% of total income.
%
#
1
~
As per the available estimates, the top 5% of the rural population received
~
7% of the total income
17% of total income
27% of total income
37% of total income
%
The correct answer is 7% of the total income.
%
#
3
~
~
5% of total income
15% of total income
25% of total income
35% of total income
%
%
#
3
~
~
30% of total income
50% of total income
70% of total income
85% of total income
%
%
#
3
~
One of the following is NOT a correct feature of industrial structure in India
~
Co-existence of public and private sectors
Co-existence of large and small industries
Balanced regional development
Differences in organisation and management
%
The correct answer is Balanced regional development.
%
#
4
~
Total increase in industrial production during the first three plans was of the
order of
~
10%
60%
50%
100%
%
%
#
2
~
The financial institution which is immediately concerned with the rehabilitation
of the sick units is
~
Unit Trust of India
Industrial Reconstruction Bank of India
%
The correct answer is Industrial Reconstruction Bank of India.
%
#
1
~
FERA provides that foreign equity participation in any industrial venture in Ind
ia cannot normally exceed
~
40%
50%
60%
70%
%
%
#
1
~
The number of industries subject to statutory licensing as at present is
~
15
36
46
56
%
%
#
4
~
The industries in the declared backward areas with X amount of investment are ex
empt from industrial licensing. X amount equals
~
Rs.5 crores
Rs.15 crores
Rs.30 crores
Rs.75 crores
%
%
#
3
~
An industrial unit with a capital investment of upto X was exempt from MRTP Act
: the X amount is
~
Rs.20 crores
Rs.50 crores
Rs.100 crores
Rs.200 crores
%
The correct answer is Rs.100 crores.
%
#
2
~
The share of agriculture in India's national income has been
~
Increasing
Declining
The same
Not changing
%
%
#
4
~
The important plantation crop produced in India is
~
Wheat
Rice
Cotton
Rubber
%
The correct answer is Rubber.
%
#
3
~
The important fibre crop produced in India is
~
Wheat
Rice
Cotton
Rubber
%
The correct answer is Cotton.
%
#
3
~
Jute in India is not produced in
~
Assam
Bihar
Orissa
Haryana
%
The correct answer is Orissa.
%
#
1
~
An agricultural holding which is just sufficient to provide employment as well a
s livelihood to a family of, say, five persons is called
~
A family holding
An optimum holding
An economic holding
Large holding
%
The correct answer is A family holding.
%
#
3
~
An agricultural holding which allows a farmer the change of earning sufficient i
ncome to support himself and his family in reasonable comfort after paying his n
ecessary expenses is known as
~
A family holding
An optimum holding
An economic holding
A large holding
%
The correct answer is An economic holding.
%
#
2
~
An agricultural holding that implies the maximum amount of land which a family s
hould possess is called
~
A family holding
An optimum holding
An economic holding
A large holding
%
The correct answer is An optimum holding.
%
#
1
~
Under this system of farming, a co-operative society owns land and leases holdin
gs to individual members of the society. This system is known as
~
Co-operative tenant farming
Co-operative collective farming
Co-operative better farming
Co-operative joint farming
%
The correct answer is Co-operative tenant farming.
%
#
4
~
Under this system of farming, the farmers retain the ownership of their land but
pool their land for purposes of cultivation. This system is known as
~
Cooperative tenant farming
Cooperative collective farming
Cooperative better farming
Cooperative joint farming
%
The correct answer is Cooperative joint farming.
%
#
3
~
Under this system of farming, the farmers do not surrender their land but join t
ogether temporarily for performing their agricultural operations in a better man
ner. This system is known as
~
%
The correct answer is Cooperative better farming.
%
#
2
~
Under this system of farming, the farmers surrender their land which is held in
common. This system is known as
~
%
The correct answer is Cooperative collective farming.
%
#
3
~
One of the following is NOT a feature of cooperative joint farming
~
Farmers join the system voluntarily and not through compulsion
Farmers pool their land, livestock, etc.
Farmers do not retain their right to land
Everyone gets a share in the total produce
%
The correct answer is Farmers do not retain their right to land.
%
#
4
~
Large scale farming can be organised in the following ways
~
The existing large owners may be allowed to continue without enforcing any ceili
ng on land holdings
The small and large farmers may be dispossessed
The pooling of small holding may be brought about through some type of cooperati
ve farming
Any of the above
%
%
#
1
~
Marginal holding is defined as one with land area of
~
Below 1 hectare
1 to 2 hectares
2 to 4 hectares
4 to 10 hectares
%
The correct answer is Below 1 hectare.
%
#
1
~
A land holding between 1 or 2 hectares is classified as a
~
Marginal holding
Small holding
Semi-medium holding
Medium holding
%
The correct answer is Marginal holding
%
#
1
~
A small holding is one with a land area of
~
1-2 hectares
2-4 hectares
4 to 10 hectares
10 hectares and more
%
The correct answer is 1-2 hectares.
%
#
2
~
A semi-medium holding is one with a land area of
~
1-2 hectares
2-4 hectares
4 to 10 hectares
10 hectares and above
%
The correct answer is 2-4 hectares.
%
#
3
~
A land holding between 4 to 10 hectares is classified as a
~
Small holding
Semi-medium holding
Medium holding
Large holding
%
The correct answer is Medium holding.
%
#
4
~
A large holding is defined as one with a land area of
~
2 hectares
6 hectares
8 hectares
10 hectares
%
The correct answer is 10 hectares.
%
#
4
~
A large holding is defined as one with a land area of
~
2 hectares
6 hectares
8 hectares
10 hectares
%
The correct answer is 10 hectares
%
#
3
~
Source-wise the most important source of irrigation in India is
~
Canals
Tanks
Well and tubewells
Others
%
The correct answer is Well and tubewells.
%
#
1
~
Crop-wise the largest area under irrigation is covered by
~
Rice
Wheat
Sugarcane
Oilseeds
%
The correct answer is Rice.
%
#
1
~
The highest area under irrigation is in the state of
~
Uttar Pradesh
Bihar
Andhra Pradesh
Punjab
%
%
#
2
~
India's major imports consist of
~
a) Industrial manufactured goods
b) Raw material
c) Agricultural products
Only a) and c)
%
The correct answer is b) Raw material.
%
#
3
~
Which of the following are the factors responsible for keeping low the rate of i
nvestment in the Indian economy?
~
Inadequacy of saving
Non-fulfilment of saving
Failure of the public sector
Inadequacy of the mixed economy
%
The correct answer is Failure of the public sector.
%
#
3
~
Annual average growth rate of gross domestic investment, as per the latest Worl
d Bank estimates, is
~
Highest in the low-income countries
Lowest in the low-income countries
%
The correct answer is Highest in the low-income countries
%
#
4
~
Tax revenue as a percentage of Central Government current revenue in India in re
cent years has been about
~
50 per cent
60 per cent
70 per cent
80 per cent
%
%
#
3
~
The most important type of tax, for the Central Government's revenue, is
~
Tax on income, profit and capital gain
Social security contribution
Domestic taxes on goods and services
Taxes on international trade and transactions
%
The correct answer is Domestic taxes on goods and services.
%
#
4
~
The second most important type of tax, for the Central Government's revenue, is
~
Tax on income, profit and capital gain
Social security contribution
Domestic taxes on goods and services
Taxes on international trade and transactions
%
The correct answer is Domestic taxes on goods and services.
%
#
2
~
Average annual rate of inflation in India during the eighties has been about
~
5.5 per cent
7.5 per cent
9.5 per cent
11.5 per cent
%
%
#
2
~
Average annual growth rate of exports during the eighties was
~
Highest in the low-income countries
Lowest in the low-income countries
%
The correct answer is Highest in the middle-income countries.
%
#
1
~
Average annual growth rate of imports during the eighties, among the following g
roup of countries, was lowest in
~
India
USA
Canada
Hong Kong
%
%
#
4
~
Among the four countries, China, India, Pakistan and Indonesia, the lowest rate
of growth of imports during the eighties was in
~
India
Pakistan
China
Indonesia
%
The correct answer is Indonesia.
%
#
2
~
In recent years, the percentage share of imports of primary commodities in total
imports has been
~
Highest in low-income countries
Highest in middle-income countries
Highest in high-income countries
Lowest in high-income countries
%
The correct answer is Highest in middle-income countries.
%
#
1
~
imports has been
~
Lowest in low-income countries
Lowest in middle-income countries
Lowest in high-income countries
Highest in low-income countries
%
The correct answer is Lowest in low-income countries.
%
#
2
~
imports has been
~
17 per cent
27 per cent
37 per cent
47 per cent
%
%
#
2
~
imports has been
~
17 per cent
27 per cent
37 per cent
47 per cent
%
%
#
3
~
The percentage share of imports of primary commodities in total imports, among t
he following group of countries, has been highest in
~
India
China
Pakistan
Sri Lanka
%
%
#
1
~
The percentage share of imports of primary commodities in total imports among th
e following group of countries has been lowest in
~
Spain
India
Italy
West Germany
%
The correct answer is Spain.
%
#
2
~
The maximum area under crops in India is used for the cultivation of
~
Wheat
Rice
Sugarcane
Cotton
%
The correct answer is Spain.
%
#
1
~
The maximum yield per hectare in India is realised by the following crop
~
Rabi rice
Khari rice
Wheat
Groundnut
%
The correct answer is Rabi rice.
%
#
2
~
Percentage of irrigated area to total area has been highest in the case of this
crop
~
Rice
Wheat
Barley
Maize
%
The correct answer is Wheat.
%
#
1
~
Which of the following commodities earns the highest foreign exchange for India
~
Coffee and tea
Metal iron ore
Iron and Steel
Clothes
%
%
#
3
~
From which of the following countries did we earn the highest amount of foreign
exchange?
~
Japan
Soviet Union
U.S.A.
Italy
%
%
#
4
~
Which of the following statements is not correct regarding India's trade and pay
ment?
~
During the Second Five Year Plan India imported large quantities of heavy capita
l goods
India's imports consisted of capital equipment
India's exports still constitute the traditional goods
India has stopped accepting foreign assistance
%
The correct answer is India has stopped accepting foreign assistance.
%
#
4
~
What are the consequences of the price rise?
~
Adverse effect on investment
Adverse effect on balance of payment
Promotion of inequalities
All of these
%
%
#
4
~
ndia?
~
Nutritional requirement of 2,400 calories per person per day for rural areas
Neither of these
Both of these
%
The correct answer is Both of these
%
#
4
~
Which of the following is not the economic factor for the causes of poverty?
~
Fast rise in population
Mass illiteracy
%
The correct answer is Mass illiteracy.
%
#
2
~
Which of the following measures cannot remove poverty?
~
Population control
Government subsidies
Increase in production
Equitable distribution
%
The correct answer is Government subsidies.
%
#
1
~
The inequalities of income in the non-agricultural sector are?
~
Increasing
Decreasing
Stable
All of these
%
The correct answer is Increasing
%
#
4
~
Which of the following are causes of inequality of income?
~
The institution of private property
The law of inheritance
Economic exploitation
All of these
%
%
#
4
~
What is not the effect of the inequalities of income?
~
Unemployment
Concentration of economic power
Difference in standard of living
Depression in Industries
%
The correct answer is Depression in Industries.
%
#
2
~
What measure was suggested by Karl Marx for the reduction of inequality of incom
e?
~
Equal income for all
Income according to needs
Higher tax on unearned income
Increasing the income of the poor
%
%
#
4
~
Which of the following are the causes of economic insecurity?
~
Poverty
Unemployment
Weak bargaining power
All of these
%
%
#
2
~
When was Employee's Provident Fund Act enacted?
~
In 1961
In 1952
In 1950
In 1965
%
The correct answer is In 1952.
%
#
3
~
The inflation rate projected in the Eighth Plan is of the order of
~
Zero
4 per cent
5 per cent
6 per cent
%
The correct answer is 6 %.
%
#
3
~
Devaluation of rupee means
~
Fall in the weight of coin
Fall in the domestic purchasing power of rupee
Fall in the external purchasing power of rupee
Fall in the face value of rupee
%
The correct answer is Fall in the external purchasing power of rupee.
%
#
3
~
Indian rupee was devalued on
~
May 1, 1991
June 1, 1991
July 1, 1991
August 1, 1991
%
The correct answer is July 1, 1991.
%
#
2
~
Indian rupee was again devalued on
~
July 2, 1991
July 3, 1991
July 4, 1991
July 5, 1991
%
The correct answer is July 3, 1991.
%
#
2
~
On July 1, 1991 Indian rupee was devalued in terms of all other currencies in th
e range of
~
8.00 to 10.00 per cent
%
The correct answer is 10.5 to 10.80 per cent
%
#
1
~
On July 3, 1991, Indian rupee was devalued in terms of all other currencies in t
he range of
~
10 to 10.96 per cent
10.65 to 10.70 per cent
%
The correct answer is 10 to 10.96 per cent.
%
#
2
~
The major aim of devaluation is to
~
Encourage imports
Encourage exports
Encourage both exports and imports
Discourage both exports and imports
%
The correct answer is Encourage exports.
%
#
3
~
Devaluation of rupee makes
~
Indian goods cheaper to Indians
Indian goods dearer to Indians
Indian goods cheaper to foreigners
Indian goods dearer to foreigners
%
The correct answer is Indian goods cheaper to foreigners.
%
#
2
~
The latest development bank set up in India is :
~
National Cooperative Bank of India
National Rural Bank of India
Small Industries Development Bank of India
%
The correct answer is National Cooperative Bank of India.
%
#
2
~
The new exchange rate management system introduced in India since March 1, 1993,
can be described as :
~
Liberalised Exchange Rate Management System
unified Exchange Rate System
Managed Float
Dirty Float
%
The correct answer is unified Exchange Rate System.
%
#
1
~
Under the present exchange rate system, the proportion of export earnings which
is converted in rupees at market determined rate of exchange stands at :
~
100%
80%
60%
40%
%
%
#
4
~
The Prime Minister Rozgar Yojana, 1993, aims at :
~
Creating wage employment for rural poor
Creating wage employment for urban poor
Creating self-employment opportunities for rural poor
Creating income-generating assets for educated unemployed
%
The correct answer is Creating income-generating assets for educated unemployed.
%
#
3
~
With the Banking Regulation (Amendment) Act, 1994, individual shareholding in a
commercial bank cannot exceed
~
4 per cent
7 per cent
10 per cent
13 per cent
%
%
#
4
~
The latest to enter the field of commercial banking in India is
~
Morgan Stanley
Reliance Industries
Price Waterhouse
Unit Trust of India
%
The correct answer is Unit Trust of India.
%
#
2
~
In the Union Budget 1994-95, the Government has decided to restrict itself in
~
Borrowing against gold bonds
Borrowing against ad-hoc Treasury Bills
Borrowing from the RBI
Borrowing from the banking sector
%
The correct answer is Borrowing against ad-hoc Treasury Bills.
%
#
2
~
About 74 per cent of India's annual normal rainfall is in the period of
~
Pre-Monsoon
Summer-Southwest Monsoon
Post-Monsoon
Winter-North East Monsoon
%
The correct answer is Summer-Southwest Monsoon.
%
#
3
~
Net area sown in India declined by 0.06 per cent during
~
1950
1960
1970
1980
%
%
#
3
~
About 50% of the total irrigated area in India is served by
~
Canals
Tanks
Wells
Others
%
The correct answer is Wells.
%
#
1
~
Flow of institutional credit to agriculture increased by 24.5 per cent per annum
during the period
~
1950-51 to 1960-61
1960-61 to 1970-71
1970-71 to 1980-81
1980-81 to 1990-91
%
The correct answer is 1950-51 to 1960-61.
%
#
1
~
Productivity in Indian agriculture during the period 1980-81 to 1988-89 increase
d at an annual average rate of -
~
-0.9 per cent
0.9 per cent
1.9 per cent
2.9 per cent
%
The correct answer is -0.9 per cent.
%
#
1
~
"Wages may be paid partly in foodgrains." This provision is contained in the pov
erty-alleviation programme known as
~
Employment Assurance Scheme, 1993
Prime Minister's Rojgar Yojana, 1993
Jawahar Rojgar Yojana, 1993
Nehru Rojgar Yojana, 1993
%
The correct answer is Employment Assurance Scheme, 1993.
%
#
1
~
The following programme aims at providing self employment opportunities to rural
poor
~
Integrated Rural Development Programme
Prime Minister's Rojgar Yojana, 1993
Jawahar Rojgar Yojana
Nehru Rojgar Yojana
%
The correct answer is Integrated Rural Development Programme.
%
#
1
~
The inflow of foreign capital reached a peak level of 3.7% of the GDP in the yea
r
~
1957 - 58
1967 - 68
1977 - 78
1987 - 88
%
The correct answer is 1957 - 58.
%
#
3
~
The Eighth Plan aims to reduce the birth rate from 29.0 per thousand in 1992 to
~
28 per thousand by 1997
%
The correct answer is 26 per thousand by 1997
%
#
4
~
Devaluation of a currency
~
Makes exports costlier
Makes imports cheaper
Raises the domestic value of foreign debt stock
Facilitates remittances of foreign exchange
%
The correct answer is Facilitates remittances of foreign exchange.
%
#
4
~
Economic crisis in early 1991 was characterised by a few features. Among these t
he following is not important
~
BOP deficits
Fiscal deficits
Inflation
Rise in population
%
The correct answer is Rise in population.
%
#
1
~
Debt service as per cent of current receipts in recent years has amounted to
~
About 30 per cent
About 40 per cent
About 50 per cent
About 60 per cent
%
The correct answer is About 30 per cent.
%
#
3
~
Percentage share of Rabi foodgrains in total foodgrains output in India during t
he last decade has been between
~
20 to 30 per cent
30 to 40 per cent
40 to 45 per cent
45 to 50 per cent
%
The correct answer is 40 to 45 per cent.
%
#
1
~
The highest compound annual rate of growth in agricultural production was record
ed during the period
~
1951-52 to 1969-70
1969-70 to 1988-89
1969-70 to 1970-80
1979-80 to 1988-89
%
The correct answer is 1951-52 to 1969-70.
%
#
1
~
Primary deficit is calculated as
~
Gross fiscal deficit minus net interest payments
Gross fiscal deficit plus not interest payments
Budgetary deficit minus net interest payments
Budgetary deficit plus net interest payments
%
The correct answer is Gross fiscal deficit minus net interest payments.
%
#
4
~
Compound annual rate of increase in procurement price of wheat over the last two
decades has been of the order of about
~
4.0 per cent
4.5 per cent
5.0 per cent
5.5 per cent
%
The correct answer is Gross fiscal deficit minus net interest payments.
%
#
1
~
Investment in agriculture as a proportion of gross domestic capital formation in
India amounts to about
~
10 per cent
20 per cent
30 per cent
40 per cent
%
%
#
1
~
The Uruguay Round Agreement of GATT has stipulated that the countries will have
to lower the aggregate subsidies if these as a proportion of the value of agricu
ltural produced exceed
~
10 per cent
8 per cent
6 per cent
4 per cent
%
%
#
1
~
Among the following the largest area under HYV seeds is accounted for by
~
Paddy
Wheat
Bajra
Oil seeds
%
The correct answer is Paddy.
%
#
4
~
The National Renewal Fund, set up in 1991-92 finances schemes of
~
Modernisation of industry
Import of technology
Foreign collaborations
Compensation, retraining and reemployment of workers affected by economic restru
cturing
%
The correct answer is Compensation, retraining and reemployment of workers affec
ted by economic restructuring.
%
#
1
~
Corresponding to the caloric norms of 2400 per capita per day in rural areas and
2100 per capita per day in urban areas, the poverty line for rural areas in the
base year 1973-74 was defined at
~
Rs.49.10
Rs.89.10
Rs.129.10
Rs.189.10
%
The correct answer is Rs.49.10.
%
#
2
~
Corresponding to an average annual rate of growth of GDP of 5.6 per cent of Eig
hth Plan seeks to achieve this rate of growth of employment
~
1.6 per cent
2.6 per cent
3.6 per cent
4.6 per cent
%
%
#
1
~
In order to achieve the employment goals of the Eighth Plan additional employmen
t opportunities to be generated per year on an average during the period 1993-97
would have to be of the order of over
~
7 million
8 million
9 million
10 million
%
%
#
4
~
It is aimed to achieve a Net Reproduction Rate of unity by
~
1999-2000
2000-2005
2005-2010
2011-2016
%
%
#
2
~
Among the following lowest ranking in the Human Development Index 1993 has been
assigned to
~
Pakistan
India
Sri Lanka
China
%
%
#
3
~
Literacy rate as presented in Census 1991 relates to population
~
Aged 3 and above
Aged 5 and above
Aged 7 and above
Aged 9 and above
%
The correct answer is Aged 7 and above.
%
#
4
~
Among the important industries recently delicensed in India are
~
Motor cars
White goods
Raw hides and skins
All the above
%
%
#
3
~
Among the following one is not counted as an infrastructural sector
~
Electricity generation
Coal
Cotton
Shipping
%
The correct answer is Cotton.
%
#
3
~
Among the following, the export-oriented segment of Indian industry can be ident
ified as
~
Rice millers
Pepsi drinks
Garments
Food products
%
The correct answer is Garments.
%
#
1
~
Export quota for sugar is determined by
~
The Central Government
The State Government
The Sugar Industry
The International Sugar Organisation
%
The correct answer is The Central Government
%
#
2
~
A public sector bank was recently merged in another bank. The bank that has been
merged was
~
Punjab National Bank
New Bank of India
Bank of India
Bank of Baroda
%
The correct answer is New Bank of India.
%
#
1
~
India's external debt as present of GDP in recent years has amounted to
~
About 40 per cent
About 50 per cent
About 60 per cent
About 70 per cent
%
The correct answer is About 40 per cent
%
#
3
~
In the Central Public Sector Enterprises, gross profit as a ratio of capital emp
loyed in recent years have moved within the range of
~
0 to 5%
5 to 10%
10 to 15%
15 to 20%
%
The correct answer is 10 to 15%
%
#
3
~
In the Central Public Sector Enterprises, net profit as a ratio of capital emplo
yed, in recent years have moved within the range of
~
0 to 1%
1 to 2%
2 to 3%
3 to 4%
%
The correct answer is 2 to 3%.
%
#
2
~
In the BOP in more recent years, significant contribution has been made by inflo
ws on account of
~
Trade surplus
Foreign Institutional Investors
Travel and Tourism
Commercial borrowings
%
The correct answer is Foreign Institutional Investors.
%
#
1
~
Foreign capital in India, in a domestic enterprise can hold a maximum equity of
~
51 per cent
75 per cent
90 per cent
100 per cent
%
%
#
3
~
The Union Budget 1994-95 has proposed to raise through disinvestment of public e
nterprises a sum of
~
Rs.3000 crores
Rs.3500 crores
Rs.4000 crores
Rs.5000 crores
%
The correct answer is Rs.4000 crores.
%
#
4
~
On the basis of the use-based classification the most important group of industr
ies to develop during 1993-94 was
~
Capital goods industries
Basic goods industries
Intermediate goods industries
Consumer's goods industries
%
The correct answer is Consumer's goods industries.
%
#
1
~
Minimum Lending Rate of commercial banks has been proposed in the Union Budget 1
994-95 to be reduced to
~
14 per cent
15 per cent
16 per cent
17 per cent
%
%
#
1
~
India's exports during the period 1980-81 to 1990-91 increased at compound annua
l rate of
~
17.1 per cent
15.9 per cent
9.1 per cent
0.7 per cent
%
%
#
2
~
A stronger rupee works
~
To the advantage of exporters
To the disadvantage of exporters
To the disadvantage of importers
To the disadvantage of domestic producers
%
The correct answer is To the disadvantage of exporters.
%
#
2
~
The Air Corporation (Amendment) Act, 1994, aims at
~
Nationalisation of civil aviation
Opening up the civil aviation sector to private enterprise
Exclusive reservation of the civil aviation for the public sector
Winding up of Vayudoot and Pawan Hans Limited
%
The correct answer is Opening up the civil aviation sector to private enterprise
.
%
#
2
~
The share of this mode of transportation in goods traffic has increased from 11
per cent in 1950-51 to 54 per cent presently. The reference is to
~
Railways
Road Transport
Inland Water Transport
Civil Aviation
%
The correct answer is Road Transport.
%
#
4
~
Fiscal deficit, ordinarily speaking equals
~
Current expenditure minus current revenue
Capital receipts minus capital disbursements
(Current expenditure + capital disbursements) - (Current revenues + capital rece
ipts)
(Current expenditure + capital disbursements) - Current revenue
%
The correct answer is (Current expenditure + capital disbursements) - Current re
venue
%
#
3
~
During the period 1990-94, the fiscal deficit as a proportion of GDP has been hi
ghest during the year
~
1991-92
1992-93
1993-94
1990-91
%
%
#
4
~
An important feature of the Union Budget 1994-95 has been
~
A cut in current expenditure
A cut in budgetary provision for interest payments
A cut in budgetary provision for defence
A cut in customs duties on capital goods and raw materials
%
The correct answer is A cut in customs duties on capital goods and raw materials
%
#
4
~
A significant proposal in the Union Budget 1994-95 relates to
~
Heavy borrowing from the IMF
Drawing of SDRs from the IMF
Devaluation of Indian rupee as recommended by the IMF
Preponement of repayment of IMF loan
%
The correct answer is Preponement of repayment of IMF loan.
%
#
2
~
The peak tariff rate in the Union Budget 1994-95 in proposed to be cut down from
85 per cent to
~
75 per cent
65 per cent
55 per cent
45 per cent
%
%
#
3
~
During 1993-94 the Reserve Bank has been actively intervening in the foreign ex
change market. The Reserve Bank has been
~
Selling dollars to NRIs
Selling dollars to exports
Purchasing dollars in the foreign exchange market
Purchasing dollars from the US Treasury
%
The correct answer is Purchasing dollars in the foreign exchange market
%
#
4
~
A purchase of dollars by the Reserve Bank in the foreign exchange market is aime
d at
~
Making the rupee stronger
Making the dollar weaker
Controlling the supply of money in the economy
Making the rupee weaker
%
The correct answer is Making the rupee weaker.
%
#
3
~
A major feature of India's external sector during 1993-94 has been
~
Emergence of a trade surplus
Emergence of a BOP surplus
Building up of foreign exchange surplus beyond $10 billion level
Sizeable preflows of NRI funds
%
The correct answer is Building up of foreign exchange surplus beyond $10 billion
level.
%
#
4
~
Free convertibility of rupee on current account as proposed in the Union Budget
1994-95 implies that
~
I can walk down to the RBI and claim dollars against my rupees
I can easily remit my rupees abroad without any questioning by the authorities
I can bring in any quantity of foreign exchange and keep it with myself
Travel and expenditure in foreign expenditure on certain services will be simpli
fied and liberalised
%
The correct answer is Travel and expenditure in foreign expenditure on certain s
ervices will be simplified and liberalised.
%
#
4
~
A large inflow of funds has taken place during 1993-94 through the agency of for
eign institutional investors. This inflow has been in the form of
~
Loans and grants
Direct investment in Indian industry
Direct investment in the service sector
Portfolio investment in Indian securities
%
The correct answer is Portfolio investment in Indian securities
%
#
1
~
The number of industries reserved for the public sector, as at present, stands a
t
~
6
8
10
12
%
%
#
2
~
The number of industries, subject to statutory licensing as at present stands at
~
12
15
18
21
%
%
#
3
~
Drug industry in India has recently been
~
Dereserved
Delicensed
Partially delicensed
Denationalised
%
The correct answer is Partially delicensed.
%
#
4
~
Foreign exchange reserves consist of
~
SDRs
Gold
Foreign current assets
All of the above
%
The correct answer is All of the above
%
|

RBP12

Diunggah oleh

Informasi Dokumen

Deskripsi Asli:

Hak Cipta

Format Tersedia

Bagikan dokumen Ini

Bagikan atau Tanam Dokumen

Opsi Berbagi

Apakah menurut Anda dokumen ini bermanfaat?

Apakah konten ini tidak pantas?

Hak Cipta:

Format Tersedia

RBP12

Diunggah oleh

Hak Cipta:

Format Tersedia

RBPO- Economics

Anda mungkin juga menyukai