SSC Economics Sample Paper

done NCERT Sample Paper-2 Total Questions - 100    [Download]

• question_answer1)

  Consider the following statements regarding National Income:

  1. National Income is the monetary value of the total goods and services produced in the country.

  2. In India National Income is calculated and published by Central Statistical Organisation (CSO).

  3. Production Method, Income method and Expenditure Method are three methods that are used to calculate National Income.

  4. National income helps us to know the economic progress achieved and to make comparative study. Which of the following choice is correct?

  A)
  1 and 2
  done clear
  B)
  1 and 4
  done clear
  C)
  1, 2 and 3         
  done clear
  D)
  1, 2, 3 and 4
  done clear
  View Answer play_arrow

• question_answer2)
  The difference between the GNP and NNP is equal to the:
  A)
  Consumer expenditure on durable goods
  done clear
  B)
  Direct tax revenue
  done clear
  C)
  Indirect tax revenue
  done clear
  D)
  Capital depreciation
  done clear
  View Answer play_arrow

• question_answer3)

  What are the uses of National Income statistics?

  1. National income statistics are valuable instruments of economic analysis and a guide to economic policies to be pursued. It is more useful in context of planning and formulation of realistic plans.

  2. It gives an idea of the structure of the economy. It helps to make inter- sectoral comparisons and to study the rate of growth of the economy. The growth of national income is an index of the growth of the productive capacity of an economy.

  3. It helps to study inter-sectoral growth. Such comparisons are useful. Share of various sectors can be studied to find out structural defects and weaknesses of the economy.

  4. It enables us to study per capita income or per capita consumption which are general indicators of economic growth. But it is not helpful in revealing distribution of income in the society.

  Select the correct answer using the codes given below.

  A)
  1 and 4 only     
  done clear
  B)
  1, 2, and 4 only
  done clear
  C)
  1, 2 and 3 only
  done clear
  D)
  1, 2, 3 and 4
  done clear
  View Answer play_arrow

• question_answer4)

  Consider the following statements in Indian context

  1. Saving come from three sources, viz households, the private corporate sector, and the public sector

  2. on average, households accounted for nearly three-fourth of gross domestic savings during the last three decades. Which of the statements given above is/are incorrect?

  A)
  1 only  
  done clear
  B)
  2 only
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer5)

  Which of the following is/are methods for calculating National Income?

  1. Product/Output Method

  2. Income Method

  3. Expenditure Method

  4. Value Added Method

  Select the correct answer using the codes given below:

  A)
  1, 2 and 3 only
  done clear
  B)
  1 and 2 only
  done clear
  C)
  3 and 4 only
  done clear
  D)
  1, 2, 3 and 4
  done clear
  View Answer play_arrow

• question_answer6)

  Under the census of income method followed for the calculation of GDP, which factors would be counted?

  1. Wages

  2. Profits

  3. Sales Tax

  Choose the correct one:

  A)
  Only 1 and 2     
  done clear
  B)
  Only 2 and 3
  done clear
  C)
  Only 1 and 3     
  done clear
  D)
  All 1, 2 and 3
  done clear
  View Answer play_arrow

• question_answer7)

  Consider the following:

  1. In measuring the GDP, there should not be any difference by adopting different methods of measurement of GDP.

  2. The three methods (Income method, expenditure method and output approach) must yield the same results because the total expenditures on goods and services must by definition be equal to the value of goods and services produced (GNP) which must be equal to the total income paid to the factors which produced these goods and services. Which of these statements is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer8)
  Green Revolution started in India during-
  A)
  Third five year plan       
  done clear
  B)
  Fourth five year plan
  done clear
  C)
  Fifth five year plan       
  done clear
  D)
  None of these
  done clear
  View Answer play_arrow

• question_answer9)
  As per the recently released data, which among the following states of India has recorded highest growth rate in 11th Five Year plan?
  A)
  Gujarat 
  done clear
  B)
  Maharashtra
  done clear
  C)
  Bihar    
  done clear
  D)
  Rajasthan
  done clear
  View Answer play_arrow

• question_answer10)

  Consider the following statements:

  1. The Mahalanobis model was implemented in the 2nd five year plan.

  2. It focused on heavy industries. Choose the correct statements:

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer11)

  Consider the following statements about the 12th five year plan:

  1. It envisioned 9 percent growth rate target.

  2. The overall strategy of the plan revolves around bringing

  4 per cent and 10 per cent growth in agriculture and manufacturing sector respectively.

  Select the correct answer using the codes given below:

  A)
  1 only  
  done clear
  B)
  2 only
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  Neither 1 and 2
  done clear
  View Answer play_arrow

• question_answer12)
  The basic feature of the Rolling Plans was that
  A)
  No physical targets were visualized
  done clear
  B)
  Revision of the achievements of previous year
  done clear
  C)
  Annual fluctuations in prices and major economic developments could be considered while fixing targets
  done clear
  D)
  No financial target except in term of annual plans was envisaged
  done clear
  View Answer play_arrow

• question_answer13)
  Match the following

  List-1	List-2
  A. First Plan	1. Rapid Industrialisation
  B. Second Plan	2. Community Development
  C. Third Plan	3. Expansion of basic industries
  D. Fourth Plan	4. Minimum Needs Program
  E. Fifth Plan	5. Achievement of self-reliance and growth with stability

  A)
  A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4, E\[\to \]5
  done clear
  B)
  A\[\to \]2, B\[\to \]1, C\[\to \]3, D\[\to \]5, E\[\to \]4
  done clear
  C)
  A\[\to \]1, B\[\to \]3, C\[\to \]4, D\[\to \]5, E\[\to \]2
  done clear
  D)
  A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]5, E\[\to \]3
  done clear
  View Answer play_arrow

• question_answer14)

  Anti-dumping duties includes the feature:

  1. It is a duty which is imposed by way of additional import duty on goods

  2. Sometimes the cost of the goods is even below the cost of production in the country of origin

  Which of these statements is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer15)

  What is correct about 'Ways and Means and Advance' mechanism?

  1. It was introduced in April 1997.

  2. The concept of budget deficit was 36 withdrawn after introduction of this mechanism.

  3. Under this mechanism, the government borrows from the RBI only for temporary mismatch between receipt and expenditure in the form of overdraft.

  Choose the correct one:

  A)
  Only 1 and 2     
  done clear
  B)
  Only 2 and 3
  done clear
  C)
  Only 1 and 3     
  done clear
  D)
  All 1, 2 and 3
  done clear
  View Answer play_arrow

• question_answer16)

  What do you understand by public goods:

  1. Those goods which belong to the entire community.

  2. Defence is an example of public goods.

  Which of these statements is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer17)

  The revenue expenditure of the government of India includes:

  1. Welfare payments

  2. Subsidies

  3. Repayment of loans

  Choose the correct one:

  A)
  Only 1 and 2     
  done clear
  B)
  Only 2 and 3
  done clear
  C)
  Only 1 and 3     
  done clear
  D)
  All 1, 2 and 3
  done clear
  View Answer play_arrow

• question_answer18)

  Consider the following:

  1. Fiscal Deficit is important as the Government's ability to help growth and welfare increases.

  2. Government can always return the loans when its revenue improves due to tax buoyancy. Which of these statements is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer19)

  Which of the following are components of 'revenue expenditure'?

  1. Interest payments on banks

  2. Salaries and pensions of government expenses

  3. Subsidies

  4. Grants to foreign countries

  5. Loans to Indian states

  Select the correct answer using the codes given below:

  A)
  1, 2 and 3 only
  done clear
  B)
         2, 3 and 5 only
  done clear
  C)
  1, 4 and 5 only
  done clear
  D)
         1, 2, 3 and 4 only
  done clear
  View Answer play_arrow

• question_answer20)

  Which of the following statements correctly define a Fiscal Policy?

  1. The expenditure and revenue measures or instruments employed by the state to influence the general level of economic activity is known as fiscal policy.

  2. Changes in taxes and expenditures which aim at full employment and price level stability and other objectives is fiscal policy.

  Codes:
  A)
  1 only
  done clear
  B)
         2 only
  done clear
  C)
  Both are correct
  done clear
  D)
  both are wrong
  done clear
  View Answer play_arrow

• question_answer21)
  The major function of the Finance Commission is
  A)
  To remove financial constraints for industrial development.
  done clear
  B)
  To remove financial constraints for agricultural development
  done clear
  C)
  To consider matters concerned with financial relations between Union and States
  done clear
  D)
  None of the above
  done clear
  View Answer play_arrow

• question_answer22)
  On which one of the following 'Head of Expenses', the expenses of the Government of India are highest?
  A)
  Food subsidy
  done clear
  B)
  Fertilizer subsidy
  done clear
  C)
  Pradhan Mantri Gram Sadak Yojana
  done clear
  D)
  Maintenance of national highways
  done clear
  View Answer play_arrow

• question_answer23)
  Which one of the following is correct about the Fiscal Deficit during 11th Five Year Plan?
  A)
  Fiscal deficit was gradually increased from the beginning towards the end of the plan
  done clear
  B)
  Fiscal deficit was gradually decreased from the beginning towards the end of the plan
  done clear
  C)
  Fiscal deficit was remained constant throughout the plan period
  done clear
  D)
  Fiscal deficit was gradually increased at first half and then decreased at the second half
  done clear
  View Answer play_arrow

• question_answer24)
  The difference between crude birth rate and crude death rate is called-
  A)
  Crude growth rate of population
  done clear
  B)
  Natural growth rate of population
  done clear
  C)
  Expected growth rate of population
  done clear
  D)
  None of these
  done clear
  View Answer play_arrow

• question_answer25)
  In which of the following states, growth rate of population was maximum during 2001-11?
  A)
  Bihar
  done clear
  B)
  Dadra and Nagar Haveli
  done clear
  C)
  Daman and Diu
  done clear
  D)
  Pondicherry
  done clear
  View Answer play_arrow

• question_answer26)
  Which of the following is not a reason of high birth rate?
  A)
  Predominance of agriculture
  done clear
  B)
  Slow rate of urbanisation
  done clear
  C)
  High poverty ratio
  done clear
  D)
  None of these
  done clear
  View Answer play_arrow

• question_answer27)

  What are the main features of elderly population (60 years and above) in India as per 2011 census?

  1. Majority of the elderly population are in rural area

  2. There is a decrease in the number of elder people.

  3. Majority of them are below poverty line.

  Which of the above statements is/are correct?

  A)
  1 only  
  done clear
  B)
  1 and 2 only
  done clear
  C)
  2 and 3 only     
  done clear
  D)
  1, 2 and 3
  done clear
  View Answer play_arrow

• question_answer28)
  Population experts refer to the possible 'demographic bonus' that may accrue to India in the near future. They are referring to the phenomenon of
  A)
  A sharp drop in the total population
  done clear
  B)
  A surge in the population in the productive age group;
  done clear
  C)
  A decline in both birth and death sates;
  done clear
  D)
  A well-balanced sex ratio.
  done clear
  View Answer play_arrow

• question_answer29)
  Net population size will increase if:
  A)
  Initial population size along with birth rate and immigration rate are more than death rate and emigration rate.
  done clear
  B)
  Initial population size along with birth rate and immigration rate are less than death rate and emigration rate.
  done clear
  C)
  Only birth rate and immigration rate are more than the death rate and emigration rate.
  done clear
  D)
  Only birth rate and immigration rate are more than the death rate and emigration rate.
  done clear
  View Answer play_arrow

• question_answer30)
  Which of the following is not related with banking sector reforms in India?
  A)
  Asset Reconstruction Companies
  done clear
  B)
  SARFAESI Act
  done clear
  C)
  BASEL accounting system
  done clear
  D)
  None of these
  done clear
  View Answer play_arrow

• question_answer31)

  Consider the following:

  1. Co-operative banks in India don't perform fundamental banking activities.

  2. State Co-operative bank is apex co-operative institution in the state.

  3. Co-operative bank organisation in India has three-tier set up.

  Which of these statements is/are correct?

  A)
  Only 1 and 2     
  done clear
  B)
  Only 2 and 3
  done clear
  C)
  Only 1 and 3     
  done clear
  D)
  All 1, 2 and 3
  done clear
  View Answer play_arrow

• question_answer32)

  What do you understand by SLR (Statutory Liquidity Ratio)

  1. It is the portion of time and demand liabilities of banks that they should keep in the form of designated liquid assets.

  2. Reduction in SLR reduces the cost of borrowing for the government. Chose the correct statements regarding the SLR?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer33)

  Liquidity adjustments facility of the RBI includes use of:

  1. Repo and reverse Repo.

  2. Selective controls

  3. Market stabilization

  4. Statutory Liquidity Ratio

  Select the correct answer using the code given below:

  A)
  Only 1 and 3     
  done clear
  B)
         Only 2 and 4
  done clear
  C)
  Only 1, 2 and 3
  done clear
  D)
  All 1, 2, 3 and 4
  done clear
  View Answer play_arrow

• question_answer34)
  Who is die sole authority in India to issue currency?
  A)
  RBI
  done clear
  B)
  Ministry of Finance
  done clear
  C)
  In the cooperation of ministry of Pittance, RBI issues the currency.
  done clear
  D)
  None of the above.
  done clear
  View Answer play_arrow

• question_answer35)

  Consider the following Statements about Marginal Standing Facility (MSF):

  1. It is basically a borrowing window for banks maintained By RBI.

  2. It is part of RBI monetary policy tool.

  3. Cost of borrowing under this window is always higher than Liquidity Adjustment Facility.

  Which of the statements given above is/are incorrect?

  A)
  1 only  
  done clear
  B)
  2 and 3 only
  done clear
  C)
  1 and 3 only     
  done clear
  D)
  None of the above
  done clear
  View Answer play_arrow

• question_answer36)

  Consider the following statements about white label '', ATM in India

  1. Non-bank entities are not allowed to open such ATM.

  2. Opening of such ATM requires Reserve Bank's authorisation under the Payment and Settlement

  Systems Act, 2007. Which of the statements given above is/are correct?

  A)
  1 only  
  done clear
  B)
  2 only           
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2 
  done clear
  View Answer play_arrow

• question_answer37)

  Consider the following statements and identify which is correct:

  I. The RBI asked banks to drop the 'no-frills' tag from the basic saving accounts as the nomenclature has become a stigma.

  II. It has asked banks to provide the zero balance facility in the basic banking accounts along with ATM-cum ? debit cards with 2% of quarterly balance as extra charge.

  Codes:
  A)
  Only I  
  done clear
  B)
  Only II
  done clear
  C)
  I, II and III        
  done clear
  D)
  I and II
  done clear
  View Answer play_arrow

• question_answer38)

  The interest rates in India have been deregulated except for

  1. Saving deposits

  2. Non-Resident India deposits

  3. Small loans up to Rs. 2 lakh

  4. Export credits.

  A)
  1, 2 and 3         
  done clear
  B)
  2, 3 and 4
  done clear
  C)
  2 and 3
  done clear
  D)
  All the above
  done clear
  View Answer play_arrow

• question_answer39)
  When the Reserve Bank of India announces an increase of the Cash Reserve Ratio (CRR), what does it mean?
  A)
  The commercial banks will has less money to lend.
  done clear
  B)
  The RBI will have less money to lend.
  done clear
  C)
  The Union Government will have less money to lend.
  done clear
  D)
  The commercial banks will have more money to lend.
  done clear
  View Answer play_arrow

• question_answer40)
  Which one of the following is correct?
  A)
  Life Insurance Corporation of India was set-up after the General Insurance Corporation
  done clear
  B)
  General Insurance Corporation was set up in the Fifth Five Year Plan
  done clear
  C)
  Life Insurance Corporation of India was set-up in tile Second Five Year Plan
  done clear
  D)
  None of the above
  done clear
  View Answer play_arrow

• question_answer41)
  The acronym SRO, being used in the capital market for various market participants, stands for which one of the followings?
  A)
  Self-Regulatory Organisations
  done clear
  B)
  Small Revenue Operators
  done clear
  C)
  Securities Roll-back Operators
  done clear
  D)
  Securities Regulatory Organisations
  done clear
  View Answer play_arrow

• question_answer42)

  Consider the following functions of the Foreign Exchange Management Act (FEMA)

  1. FEMA restricts activities such as payments made to any person outside India or receipts from them.

  2. FEMA imposes restriction on people living in India who carry out transactions in foreign exchange, foreign security or who own or hold immovable property abroad.

  3. FEMA regulates the exporters to furnish their export details to RBI. Which of the statements given above is/are correct?

  A)
  1, 2 and 3         
  done clear
  B)
  1 and 3
  done clear
  C)
  2 and 3
  done clear
  D)
  Only 1
  done clear
  View Answer play_arrow

• question_answer43)

  Which one of the following Companies is/are eligible for the financial assistance and loans from the Industrial Finance Corporation of India (IFCI)?

  1. Limited Public Companies

  2. Public Co-Operatives

  3. Private Limited Companies

  4. Partnership Firms

  A)
  1, 2 and 3         
  done clear
  B)
  1 and 3
  done clear
  C)
  1, 2, 3 and 4     
  done clear
  D)
  1 and 2
  done clear
  View Answer play_arrow

• question_answer44)

  Consider the following statements about Forward Markets:

  1. The forward market is an informal financial market.

  2. It is a market dealing in commodities, currencies and securities.

  3. The futures markets lead to reduction in the amplitude of seasonal price variation.

  Which of the statements given above is/are correct?

  A)
  1 and 3 only     
  done clear
  B)
  2 and 3 only
  done clear
  C)
  1 and 2 only     
  done clear
  D)
  All of the above
  done clear
  View Answer play_arrow

• question_answer45)
  What is the difference between Debentures and Equity?
  A)
  Debentures are sealed bonds acknowledging that money has been borrowed; equity is a shareholder's share voting rights in proportion to his shareholding.
  done clear
  B)
  An equity shareholder cannot withdraw his amount whereas debentures can be withdrawn by taking back the amount.
  done clear
  C)
  Equity shareholding is more risky compared to debentures which is bound to return good interest on the principal
  done clear
  D)
  Both debenture and equity holders have voting right irrespective of the proportion of holdings but debentures are of lower value than equity.
  done clear
  View Answer play_arrow

• question_answer46)
  Consider the following Statements: 1. A forward contract is an agreement between two parties to buy or sell an agreed amount of a commodity or financial instrument at an agreed price, for delivery on an agreed future date. Future Contract is a standardized exchange tradable forward contract executed at an exchange. In contrast to a futures contract, a forward contract is not transferable or exchange tradable, its terms are not standardized and no margin is exchanged. The buyer of the forward contract is said to be long on the contract and the seller is said to be short on the contract. 2. An option is a contract which grants the buyer the right, but not the obligation, to buy (call option) or sell (put option) an asset, commodity, currency or financial instrument at an agreed rate (exercise price) on or before an agreed date (expiry or settlement date). The buyer pays the seller an amount called the premium in exchange for this right. This premium is the price of the option. 3. Swaps is an agreement to exchange future cash flow at pre-specified Intervals. Typically one cash flow is based on a variable price and other on affixed one. Which of the statements given above about derivatives are correct?
  A)
  1 only  
  done clear
  B)
  2 only
  done clear
  C)
  1, 2 and 3
  done clear
  D)
  None of the above
  done clear
  View Answer play_arrow

• question_answer47)

  Consider the following statements

  1. Headline inflation is a measure of the total inflation within an economy.

  2. Headline inflation is affected by areas of the market which may experience sudden inflationary spikes such as food, vegetables or energy. Which of the statements given above is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer48)
  Which one of the following factors leads to the Agflation in an economy?
  A)
  Inflation led by rises in the Black economy
  done clear
  B)
  Deflation led by declines in Agricultural commodity prices
  done clear
  C)
  Inflation led by rises in Agricultural commodity prices
  done clear
  D)
  None of the above
  done clear
  View Answer play_arrow

• question_answer49)

  Consider the following items

  1. Food products

  2. Energy

  Which of the items given above are mainly responsible for the Core Inflation?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
         neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer50)
  Economic growth is usually coupled with
  A)
  Deflation           
  done clear
  B)
  inflation
  done clear
  C)
  Stagflation        
  done clear
  D)
         hyper inflation
  done clear
  View Answer play_arrow

• question_answer51)

  Consider the following statements

  1. Deflation is a decrease in the general price level of goods and services.

  2. Deflation is the negative inflation rate which falls below zero percent. Which of the statements given above is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer52)
  A rapid increase in the rate of inflation is sometimes attributed to the 'Base Effect'. What is the 'Base Effect'?
  A)
  It is the impact of drastic deficiency in supply due to failure of crops
  done clear
  B)
  It is the impact of the surge in demand due to rapid economic growth
  done clear
  C)
  It is the impact of price levels of the previous year on the calculation of inflation rate
  done clear
  D)
  None of the above
  done clear
  View Answer play_arrow

• question_answer53)

  Which of the following statements is/are correct?

  1. High growth will lead to inflation.

  2. High growth will lead to deflation.

  Select the correct answer using the codes given below

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
         neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer54)

  Consider the following factors

  1. Deficit financing

  2. Black money in an economy

  3. High rate of population growth

  Which of the factors given above are responsible for the Demand-Pull inflation in an economy?

  A)
  1 and 2
  done clear
  B)
  1 and 3
  done clear
  C)
  2 and 3
  done clear
  D)
  All of these
  done clear
  View Answer play_arrow

• question_answer55)

  Consider the following statements about the Inflation

  1. Inflation can lead to inequality in the distribution of income in an economy.

  2. Inflation can lead to recession in the many sectors of an economy.

  Which of the statements given above is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer56)
  To convert GDP at market prices into factor cost we need to
  A)
  Deduct indirect taxes and added subsidies from it
  done clear
  B)
  Subtract subsidies from it and indirect taxes to it
  done clear
  C)
  Deduct indirect taxes and subsidies from it
  done clear
  D)
  Deduct weight of inflation for the period from it
  done clear
  View Answer play_arrow

• question_answer57)

  One of the key features of many flagship schemes such as MGNREGA and NRLM is that they are "Demand Driven". What is / are the feature / features of a demand driven scheme?

  1. The process is driven from the grassroots of the society

  2. The planning is highly centralised

  3. Implementation is largely done by the Central Government

  Choose the correct option:

  A)
  Only 1  
  done clear
  B)
  1 & 2
  done clear
  C)
  2 & 3   
  done clear
  D)
  1, 2 & 3
  done clear
  View Answer play_arrow

• question_answer58)
  Which one of the following has been me main measure of the rate of inflation in India?
  A)
  Consumer Price Index
  done clear
  B)
  Consumer Price Index-Industrial worker
  done clear
  C)
  Consumer Price Index-Agriculture labour
  done clear
  D)
  Wholesale Price Index
  done clear
  View Answer play_arrow

• question_answer59)

  Consider the following Statements regarding the Office of Economic Advisor(OEA):

  1. It is attached to the Ministry of Finance.

  2. The weekly compilation and Publication of Wholesale Price Indices (WPI) is done by the Office of Economic Advisor. Which of the Statement(s) given above is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer60)
  The existence of a parallel economy/black money
  A)
  Makes the economy more competitive
  done clear
  B)
  Makes the monetary policies less effective
  done clear
  C)
  Ensure a better distribution of income and wealth
  done clear
  D)
  Ensure & increasing productive investment
  done clear
  View Answer play_arrow

• question_answer61)
  Which of the following Statements is not correct regarding the ' Banking Sector' of India?
  A)
  At present there are 26 Nationalized Banks in India.
  done clear
  B)
  Foreign Banks and Regional Rural Banks do not come under the category of Scheduled Commercial Banks.
  done clear
  C)
  Banks have the freedom to regulate their own Savings Bank Deposit interest rates.
  done clear
  D)
  Narsimhan Committee is related to Banking Sector reforms.
  done clear
  View Answer play_arrow

• question_answer62)

  With reference to Indian economy, consider the following statements

  1. Three types of Consumer Price Index are used in the determination of Consumer Price Index.

  2. Consumer Price Index of Industrial Worker and Consumer Price Index of Rural labour has given same weight in the determination of inflation.

  Which of the statements given above is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer63)
  Which one of the following is correct about the Philips Curve of an economy?
  A)
  An inverse relationship between the rate of unemployment- and the rate of inflation
  done clear
  B)
  A directly proportionate of the rate of unemployment and the rate of the inflation
  done clear
  C)
  An inverse relationship between the rate of GDP growth and the rate of inflation
  done clear
  D)
  A directly proportionate of the rate of unemployment and the rate of the unemployment
  done clear
  View Answer play_arrow

• question_answer64)

  Consider the following statements

  1. In the disinflation the prices are still rising but at a lower rate.

  2. Deflation results into a sustained increase in the real value of money and other monetary items. Which of the statements given above is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer65)
  Which one of the following is commonly occurred in the Biflation in an economy?
  A)
  Inflation
  done clear
  B)
  Deflation
  done clear
  C)
  Disinflation        
  done clear
  D)
  Both 'a' and 'b'
  done clear
  View Answer play_arrow

• question_answer66)
  Which among the following is the country's first Greenfield airport developed under the public-private partnership initiative?
  A)
  Rajiv Gandhi International Airport
  done clear
  B)
  Indira Gandhi International Airport
  done clear
  C)
  Sardar Vallabhbhai Patel International Airport
  done clear
  D)
  Bangalore International Airport
  done clear
  View Answer play_arrow

• question_answer67)
  In India, Infrastructure Debt Fund can be established as a Trust or a company. Which of the following regulated the Infrastructure Debt Fund set up as a trust?
  A)
  SEBI
  done clear
  B)
  RBI
  done clear
  C)
  IrDA
  done clear
  D)
  Ministry of Corporate Affairs
  done clear
  View Answer play_arrow

• question_answer68)
  Which one of the following is likely to be the most inflationary, in its effect?
  A)
  Repayment of public debt
  done clear
  B)
  Borrowing from the public to finance a budget deficit
  done clear
  C)
  Borrowing from banks to finance a budget deficit
  done clear
  D)
  Creating new money to finance a budget deficit
  done clear
  View Answer play_arrow

• question_answer69)

  Consider the following statements

  1. Tobin tax is a tax on all spot conversions of one currency to another.

  2. Tobin tax is a currency transaction tax to find a way to manage exchange-rate volatility.

  Which of the statements given above is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer70)
  Which one of the following inflations is the type of inflation that results from past events and persists in the present?
  A)
  Hyperinflation
  done clear
  B)
         Sogflation
  done clear
  C)
  Built-in inflation
  done clear
  D)
  Biflation
  done clear
  View Answer play_arrow

• question_answer71)

  Consider the following services/ goods

  1. Universalisation of Secondary Education.

  2. Cleaning of Ganga and Yamuna Rivers.

  3. Polio Vaccination.

  Which of the services/goods given above are Merit Goods of an economy?

  A)
  1 and 2
  done clear
  B)
  1 and 3
  done clear
  C)
  2 and 3
  done clear
  D)
  All of these
  done clear
  View Answer play_arrow

• question_answer72)
  Which one of the following factors can cause the Cost-Push inflation in an economy?
  A)
  Oil price shocks in the world
  done clear
  B)
  Fluctuation in the production of food-grains
  done clear
  C)
  Imposition of high commodity taxes
  done clear
  D)
  All of the above
  done clear
  View Answer play_arrow

• question_answer73)

  With reference to inflationary indices, consider the following statements

  1. At present the WPI for all commodities including manufactured products is released only on a monthly basis in India.

  2. International practice for reporting CPI inflation is also on a monthly basis. Which of the statements given above is/are correct? "

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer74)
  Which one of the following laws stated that the size of a firm and its growth rate are independent?
  A)
  Gibrat's law       
  done clear
  B)
  Goodhart's law
  done clear
  C)
  Hubbert's law    
  done clear
  D)
  none of these
  done clear
  View Answer play_arrow

• question_answer75)

  With reference to Balance of Payments, which of the following constitutes/constitute the Current Account?

  1. Balance of trade

  2. Foreign assets

  3. Balance of invisibles

  4. Special Drawing Rights. Select the correct answer using the code given below.

  A)
  1 only  
  done clear
  B)
  2 and 3
  done clear
  C)
  1 and 3
  done clear
  D)
  1, 2 and 4
  done clear
  View Answer play_arrow

• question_answer76)
  Which one of the following coin the term 'Stagflation' in the economy?
  A)
  Jain Macleod
  done clear
  B)
  Milton Friedman
  done clear
  C)
  J M Keynes       
  done clear
  D)
  William Phillips
  done clear
  View Answer play_arrow

• question_answer77)

  Consider the following statements

  1. Spahn tax is a type of currency transaction tax that is meant to be used for the purpose of controlling exchange-rate volatility.

  2. The initial idea for a transaction tax specific to currencies is attributed to James Tobin. Which of the statements given above is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer78)
  What is the main function of banking department of Reserve Bank of India?
  A)
  To do banking business with customers
  done clear
  B)
  To provide liquidity to the economy and absorb liquidity
  done clear
  C)
  To issue the currency in circulation and its Withdrawal from circulation
  done clear
  D)
  None of the above
  done clear
  View Answer play_arrow

• question_answer79)

  Fiscal consolidation is one of the objectives of India's economic policy. Which of the following would help in fiscal consolidation?

  1. Increasing taxes

  2. Getting more loans

  3. Reducing subsidies

  Select the correct answer using the codes given below.

  A)
  1 and 2 only     
  done clear
  B)
  1 and 3 only
  done clear
  C)
  2 and 3 only     
  done clear
  D)
  1, 2 and 3
  done clear
  View Answer play_arrow

• question_answer80)

  Consider the following statements .about the measurement of the Inflation

  1. Prices of the items of particular sets are compared to prices of items of five year ago.

  2. Inflation is measured based on the Consumer Price Index (CPI) which measures the change in prices of a selection of goods at retail rates.

  Which of the statements given above is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer81)
  Which one of the following measures is generally used the government to contain the recession of the Economy?
  A)
  Increasing money supply
  done clear
  B)
  Increasing government spending
  done clear
  C)
  Decreasing taxation
  done clear
  D)
  All of the above
  done clear
  View Answer play_arrow

• question_answer82)

  Consider the following statements regarding the Food price index in India

  1. Food price index consists of two sub-components, namely primary food articles and manufactured food products.

  2. The weight of the primary food articles is less than the manufactured food products.

  Which of the statements given above is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer83)

  Consider the following statements

  1. Inflation benefits the debtors.

  2. Inflation benefits the bond-holders,

  Which of the statements given above is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer84)

  Consider the following items

  1. Sugar

  2. Sugarcane

  3. Vegetable oils

  Which of the items given above is/are the Essential Commodities under the Essential Commodities Act, 1955?

  A)
  Only 1  
  done clear
  B)
  1 and 3
  done clear
  C)
  2 and 3
  done clear
  D)
  All of these
  done clear
  View Answer play_arrow

• question_answer85)
  What are gilt-edged securities?
  A)
  Securities issued by the multinationals
  done clear
  B)
  Securities issued by the government or blue chip companies
  done clear
  C)
  Securities issued by the private sector
  done clear
  D)
  Securities issued by the joint venture companies
  done clear
  View Answer play_arrow

• question_answer86)
  SEZ is a pet project of:
  A)
  Ministry of Agriculture
  done clear
  B)
  Ministry of Urban Development
  done clear
  C)
  Ministry of Commerce and Industry
  done clear
  D)
  Ministry of Rural Development
  done clear
  View Answer play_arrow

• question_answer87)

  Consider the following statements

  1. Allowing free capital inflows and FDIs.

  2. Facilitate the migration of human resources.

  3. Imposition of quantitative restriction on trades.

  Which of the statements given above is/are important ingredient of the globalization in true sense?

  A)
  2 and 3
  done clear
  B)
  1 and 2
  done clear
  C)
  1 and 3
  done clear
  D)
  1, 2 and 3
  done clear
  View Answer play_arrow

• question_answer88)
  Which of the following is not an objective of the Rashtriya Uchchattar Shiksha Abhiyan (RUSA)?
  A)
   improve the overall quality of existing state institutions by ensuring that all institutions conform to prescribed norms and standards and adopt accreditation as a mandatory quality assurance framework.
  done clear
  B)
  usher transformative reforms in the state higher education system by creating a facilitating institutional structure for planning and monitoring at the state level, promoting autonomy in state universities and improving governance in institutions.
  done clear
  C)
  Enable conversion of some of the colleges into exclusive research centre at par with the best in the world.
  done clear
  D)
  Create opportunities for states to undertake reforms in the affiliation system in order to ensure that the reforms and resource requirements of affiliated colleges are adequately met;
  done clear
  View Answer play_arrow

• question_answer89)

  Consider the following statements:

  1. Rashtriya Sam Vikas Yojana is launched for equal development of minority dominated districts of India.

  2. Krishi Vigyan Kendras are institutes established by ICAR for post-graduation degrees and PhD in agriculture. Which of the above statements is or are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both                
  done clear
  D)
  None
  done clear
  View Answer play_arrow

• question_answer90)

  Consider the following statements

  1. In the Eleventh Five Year Plan, the average food grains production was more than 200 million tones.

  2. The main reason for the increase in the production of the Coarse Cereals in 2000s was mainly due to increase in demand of coarse cereals as a nutria-food. Which of the statements given above is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer91)

  Consider the following Statements:

  1. Indicative Planning is a feature of 'Mixed Economy',

  2. Perspective Planning is used by socialist countries where each and every aspect of planning is controlled by the State. Which of the above Statement(s) is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
         neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer92)
  What is multiple cropping?
  A)
  When seeds are sown on a piece of land and then seedlings are transplanted in different fields
  done clear
  B)
  Dividing a field in two or more parts and then sowing different crops in each part
  done clear
  C)
  Raising in succession only one type of crop in the same piece of land
  done clear
  D)
  Raising two or more crops in succession in a year on the same land
  done clear
  View Answer play_arrow

• question_answer93)

  Which of the following statements about the oil and gas production in India is/are correct?

  1. The oil and gas sector plays a major role in influencing decision making for all the other important sections of the economy.

  2. The government has allowed 100 percent foreign direct investment (FDI) in petroleum products sector.

  A)
  1 only  
  done clear
  B)
  2 only
  done clear
  C)
  Both are correct
  done clear
  D)
  both are wrong
  done clear
  View Answer play_arrow

• question_answer94)

  Consider me following major components of the ITES industry

  1. IT Services

  2. Business Process Outsourcing (BPO)

  3. Engineering Services and R & D

  4. Software Products

  Which of the above are the major component(s) of the ITES, Industry in India

  A)
  1, 2, 3 and 4     
  done clear
  B)
  1, 2 and 3
  done clear
  C)
  2, 3 and 4         
  done clear
  D)
  1 and 2
  done clear
  View Answer play_arrow

• question_answer95)

  Which among the following statements is/are true with regards to WTO membership?

  1. All WTO members automatically receive the 'most favourable nation' status.

  2. Over 75% of WTO members are from developing countries, and the membership allows them access to develop markets at lower tariff.

  Which of the statements given above is/are correct?

  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer96)
  Select the correct statement which explains the phenomenon of 'skewflation':
  A)
  A sustained, across-the-board price increase
  done clear
  B)
  An episodic price rise pertaining to one or a small group of commodities.
  done clear
  C)
  A price rise of one or a small group of commodities over as sustained period of time, without a traditional designation.
  done clear
  D)
  A price rise in the times of long-run recession.
  done clear
  View Answer play_arrow

• question_answer97)

  Consider the following sentences:

  1. Seasonal employment results in large scale migration of the agricultural labourers from agriculturally backward regions to that of the developed regions.

  2. In seasonal unemployment, once the seasons are over, the agricultural workers, especially landless labourers and marginal farmers remain unemployed. Which of the sentences given above is/are correct?

  A)
  1 only  
  done clear
  B)
  2 only
  done clear
  C)
  Both 1 and 2     
  done clear
  D)
  None of the above
  done clear
  View Answer play_arrow

• question_answer98)
  Unemployment which occurs when workers move from one job to another job is known as
  A)
  Seasonal unemployment
  done clear
  B)
  Frictional unemployment
  done clear
  C)
  Cyclic unemployment
  done clear
  D)
  Technological unemployment
  done clear
  View Answer play_arrow

• question_answer99)

  What is/are incorrect about the idea of 'micro-finance in India? Select your answer using the code give below:

  1. Micro-finance (MF) is a small-scale financial intermediation, inclusive of savings, credit, insurance, business services and technical support provided to the needy borrower.

  2. The thrust of the MF initiative is to channelize production and consumption credit in multiple doses based on the absorption capacity of the prospective borrower.

  Codes:
  A)
  Only 1  
  done clear
  B)
  Only 2
  done clear
  C)
  1 and 2
  done clear
  D)
  neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer100)
  Which of the following is introduced by banks to increase financial inclusion?
  A)
  Stimulus package
  done clear
  B)
  Internet Banking
  done clear
  C)
  Business correspondent
  done clear
  D)
  Corporate Banking
  done clear
  View Answer play_arrow