SSC Economics Sample Paper

done NCERT Sample Paper-1 [Download Complete Paper]

  • question_answer1) What will be the real expression for the measurement of National income?

    A)  NNP at market prices \[-\] Indirect taxes + Subsidies

    B)  NNP at factor cost \[-\] Indirect taxes \[-\] Subsidies

    C)  NNP at market prices \[-\] direct taxes + Subsidies

    D)  NNP at factor cost \[-\] direct taxes \[-\] Subsidies

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  • question_answer2) Currently, what is the base year for calculating the Gross Domestic Product (GDP) in India?

    A)  2008 - 09         

    B)  2010 - 11

    C)  2011 - 12         

    D)  2012 - 13

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  • question_answer3) What do you understand by disposable personal income?

    A) It is obtained by subtracting direct taxes from personal income

    B) It is obtained by adding the direct taxes in personal income.

    C) It is obtained by subtracting indirect taxes from personal income.

    D) It is obtained by adding per capita indirect taxes in the personal income.

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  • question_answer4) Real national income denotes

    A) National income at constant prices

    B) Per capita income

    C) National income at current prices

    D) Net factor income

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  • question_answer5) The per capita income is obtained by:

    A) Summing up the income of all the citizens of the country

    B) Dividing national income by population

    C) Estimating the minimum income of individual citizens

    D) Dividing the total national capital with the profit earned

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  • question_answer6)

    Which of the following methods of national income calculation are used in India for the primary sector?
    1. Expenditure method
    2. Output method
    3. Income method
    Choose the correct one:

    A) Only 1

    B) Only 2

    C) Only 1 and 3

    D) All 1, 2 and 3

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  • question_answer7)

    Read the statements carefully:
    1. GNP = GDP + Net factor income from abroad.
    2. NNP = GNP \[-\] Depreciation
    3. NNP at Factor Cost = NNP at Market Price \[-\] Indirect Taxes + Subsidies.
    Which of these statements is/are correct?

    A) Only 1 and 2

    B) Only 2 and 3

    C) Only 1 and 3

    D) All 1, 2 and 3

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  • question_answer8)

    Consider the following statements-
    1. Poverty eradication became important issue during the fourth five year plan
    2. Poverty eradication was main objective in the fifth five year plan
    Which of the following statement/s is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) None of these

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  • question_answer9)

    Consider the following regarding the 11th Five Year Plan (2007-12):
    1. It provided a comprehensive strategy for inclusive development, building on the growing strength of the economy, while also addressing weaknesses that have surfaced.
    2. India has recorded an average annual economic growth rate of 8% during the 11th Five-Year Plan, compared with the targeted 9%. Choose the correct statement/s with regard to the 11th plan:

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer10)

    The main objectives of the Fourth Five Year Plan include:
    1. Growth with stability
    2. Progress towards self-reliance
    Choose the correct one:"

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer11) Which of the following is the theme of 12th five year plan?

    A) Faster, sustainable and inclusive growth.

    B) Faster, sustainable and more inclusive growth.

    C) Faster, development and sustainable growth.

    D) Faster, developmental and more sustainable growth.

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  • question_answer12) Which of the following bodies finalizes the Five Year Plan proposals?

    A) Planning Commission

    B) Union Cabinet

    C) National Development Council

    D) Ministry of Planning

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  • question_answer13) Which one of the following is not an objective of India's economic planning?

    A) Population growth

    B) Industrial growth

    C) Self-reliance

    D) Employment generation

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  • question_answer14)

    Consider the following statements:
    1. Service tax was introduced in 1994-95 on three services
    2. At present rate of service tax is 10 percent.

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer15)

    The 13th Finance Commission recommendation includes:
    1. States to get 32 percent of central taxes.
    2. Total transfer to states on the revenue account be capped at 39.5 percent of the centre's gross tax revenue. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer16)

    Internal debt of the Government of India includes:
    1. Loans raised by the government in the open market through treasury bills and Government securities.
    2. Special Securities issued to the RBI.
    3. Oil bonds
    Choose the correct one:

    A) Only 1 and 2

    B) Only 2 and 3

    C) Only 1 and 3

    D) All 1, 2 and 3

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  • question_answer17)

    Consider the following statements:
    1. Primary deficit cannot be higher than Fiscal deficit
    2. Primary deficit is obtained by deducting interest rates from Revenue deficit.
    3. Fiscal deficit cannot be lower than budget deficit. Which of the above statement(s) is/are not correct?

    A) 1 and 2 only

    B) 1 and 3 only

    C) 2 only

    D) 3 only

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  • question_answer18) The first Union budget of independent India was presented by-

    A) R K Shanmukham Chetty

    B) Jawaharlal Nehru

    C) A K Gopalan

    D) V K Krishna Menon

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  • question_answer19) Match the following

    List-1 List-II
    A. Income Tax 1. Levied and collected by the Central Government
    B. Corporation Tax 2. Levied and collected by the Central Government and shared with the State Governments
    C. Professional Tax 3. Levied by the Central Government but collected and appropriated by the State Governments.
    D. Stamp Duties 4. Levied and collected by the State Governments
    5. Levied and collected by the Local Bodies

    A) A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4

    B) A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]5

    C) A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3

    D) A\[\to \]2, B\[\to \]1, C\[\to \]5, D\[\to \]3

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  • question_answer20) The Budget deficit means

    A) The excess of total expenditure including loans Bet of lending over revenue receipts

    B) Difference between revenue receipts and revenue expenditure

    C) Difference between all receipts and all the expenditure

    D) Fiscal deficit less interest payments

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  • question_answer21)

    Consider the following statements.
    1. The taxation system in the Republic of India is quite well structured.
    2. The Department of Revenue of the Finance Ministry of the Government of India is responsible for the computation; levy as well as collection of most the taxes in the country.
    3. Some of the taxes are even levied solely by the Local State Bodies or the respective governments of the different states in the nation.
    Select the correct ones using the code given below:

    A) 1, 2 and 3

    B) 1 and 2

    C) 1 and 3

    D) Only 2

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  • question_answer22)

    Departments under the Ministry of Finance include:
    1. Economic affairs
    2. Expenditure
    3. Disinvestment
    Choose the correct one:

    A) Only 1 and 2

    B) Only 2 and 3

    C) Only 1 and 3

    D) All 1, 2 and 3

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  • question_answer23)

    Which of the following is not a monetary policy tool?
    1. Call money market
    2. Commercial paper
    3. Open market operations
    4. Liquidity Adjustment Facility
    Select the correct answer using the codes given below:

    A) 1 only

    B) 1 and 2 only

    C) 3 and 4 only

    D) 1 and 4 only

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  • question_answer24) Which is the most populated urban agglomerate in the word?

    A) Tokyo

    B) Guangzhou

    C) Mumbai

    D) New York

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  • question_answer25)

    Consider the following statements:
    1. India has the second largest population of older (60+) persons in the world.
    2. In 2011, number of old age people in the country was close to 100 million. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer26)

    Growth rate of population was very high during the period 1951 -81. Some reasons are given.
    1. High birth rate
    2. Decline in death rate at a faster rate as compared to decline in birth rate
    3. Both
    4. None
    Which of the reasons are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer27) To harness the demographic dividend, policy attention needs to be immediately focused on which of the following areas?

    A) Agricultural development

    B) Strengthening macroeconomic stability

    C) Strengthening of Infrastructure (both social and physical)

    D) Non-agrarian sector employment

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  • question_answer28)

    The government has decided to create a National
    Population Register (NPR) for the country. In this context consider the following statements-
    1. It is aimed at capturing personal details of the residents of the country.
    2. It will Capture photographs and finger prints of all residents who are of age 15 years and above in villages/urban areas
    Which of the statement/s is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) None of these

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  • question_answer29)

    Which of the following statements about the Human Development Index (HDI) are correct?
    1. It is a comparative measure of life expectancy, literacy, education, standards of living, and quality of life for countries worldwide.
    2. It is a standard means of measuring well-being, especially child welfare.
    3. It is used to distinguish whether the country is a developed, a developing or an underdeveloped country, and also to measure the impact of economic policies on quality of life.
    4. The index was developed in 1990 by 3 Economists from the USA. Select the correct answer using the codes given below.

    A) 1 and 4 only

    B) 2, 3 and 4 only

    C) 1, 2 and 3 only

    D) 1, 2, 3 and 4

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  • question_answer30)

    Consider the following statements:
    1. Sale of government securities by the RBI injects money into the market and thus expands credit.
    2. Open market operations don't change the total stock of government securities but change- the proportion held by the RBI, commercial and cooperative banks. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer31) What is Bank Rate?

    A) It is a rate of interest at which the central bank of tile country provides refinancing facilities to commercial banks.

    B) It is a rate of interest at which the commercial banks give the credit to the prime borrowers.

    C) It is a rate of interest at which the commercial bank gives the credit to all borrowers.

    D) None of the above.

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  • question_answer32)

    Which of the following is/are regulated by RBI?
    1. EXIM bank
    2. NABARD
    3. National Housing Bank
    4. SIDBI
    Codes:

    A) Only 1, 3 and 4

    B) Only 1, 2 and 4

    C) Only 1, 2 and 3

    D) All 1, 2, 3 and 4

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  • question_answer33) Once interest rates become Zero or near Zero, through conventional monetary policies the central banks can do nothing more. Economists call it as

    A) Liquidity Trap

    B) Market Stabilization

    C) Quantitative Easing

    D) Debt Trap

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  • question_answer34)

    Consider the following Statements:
    1. Inclusive growth includes 'Strengthening of financial sector'.
    2. NBFCs in India cannot buy securities issued by the Government.
    3. Disinvestment of PSUs is a second generation economic reforms.
    4. The Base Rate of Commercial Banks in India is determined by RBI. Which of the statements given above is/are incorrect?

    A) 1, 2 and 3 only

    B) 1, 3 and 4 only

    C) 2 and 3 only

    D) 1, 2, 3 and 4

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  • question_answer35) Which among the following was the first bank purely managed by Indians?

    A) Oudh Commercial Bank

    B) Punjab National Bank

    C) Bank of India

    D) Allahabad Hide

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  • question_answer36) Select the NRI bank account from the given list which. India does not permit to be opened in the country.

    A) Foreign Currency Non-Resident (Bank) account [FCNR) account]

    B) Non-Resident External account (NRE account)

    C) Non-Resident Ordinary Rupee account (NRO account)

    D) None of the above

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  • question_answer37)

    The Reserve Bank of India, regulates the commercial banks in matters of
    1. Liquidity of assets
    2. Branch expansion
    3. Merger of banks
    4. winding-up of banks
    Select the correct answer using the codes given below.

    A) 1 and 4 only

    B) 2, 3 and 4 only

    C) 1, 2 and 3 only

    D) 1, 2, 3 and 4

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  • question_answer38)

    Consider the following:
    1. Decoupling means that a nation's economy may not be entirely dependent on the global economy.
    2. IDR are used by a non-Indian company to Indian investors for its listing on Indian stock exchange.
    Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer39)

    Foreign exchange reserves in India includes:
    1. Foreign Exchange Assets of RBI
    2. Gold stock of RBI
    3. SDR holding of the Government.
    Code:

    A) Only 1 and 2

    B) Only 2 and 3

    C) Only 1 and 3

    D) All 1, 2 and 3

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  • question_answer40) Asia's first EPZ (Export Processing Zone) was set up in-

    A) Kandla

    B) Kolkata

    C) Ambela

    D) Ahmedabad

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  • question_answer41)

    Consider the following regarding SEZ.
    1. Tax exemptions are allowed to units and SEZ developers from all indirect taxes.
    2. The units are entitled for income tax for 15 years. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer42)

    Which of the following is not part of capital account?
    1. Foreign Loans
    2. Foreign Direct Investment
    3. Private Remittances
    4. Portfolio Investment
    Which of the above statements is/are correct?

    A) 1 and 2 only

    B) 3 and 4 only

    C) 3 only

    D) 4 only

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  • question_answer43)

    Which of the following are the contributors for the decline of Current Account Deficit (CAD)?
    1. Restrictions on non-essential imports
    2. Currency Swap Agreement of RBI
    3. Demand slowdown
    4. Increase in exports.
    Select the correct answer using the codes given below:

    A) 1, 2 and 3 only

    B) 2, 3 and 4 only

    C) 2 and 3 only

    D) 1, 2, 3 and 4

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  • question_answer44) In 2013, the rise in India's external debt was mainly due to

    A) External Commercial Borrowings (ECBs)

    B) Multi-lateral Borrowings

    C) Trade Credits

    D) NRI deposits

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  • question_answer45)

    Consider the following functions of the Foreign Exchange Management Act (FEMA)
    1. FEMA restricts activities such as payments made to any person outside India and 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 RBL. Which of the statements given above is/are correct?

    A) 1, 2 and 3

    B) 1 and 3

    C) 2 and 3

    D) Only 1

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  • question_answer46) Many times we read in newspapers that several companies are adopting the FCCBs route to raise capital. What is the full form of FCCBs?

    A) Foreign Currency Convertible Bonds

    B) Foreign Consortium & Credit Bureau

    C) Financial Consortium & Credit Bureau

    D) Future Credit & Currency Bureau

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  • question_answer47)

    Consider the following statements:
    (1) The Special Drawing Right (SDR) is a monetary unit of international reserve assets defined and maintained by the International Monetary Fund.
    (2) The SDR is weighted sum of contributions of five major currencies, Euro, British Pound, US Dollar, Japanese Yen and the Chinese Yuan.
    (3) SDRs are allocated to member states as a low cost alternative to debt financing for building reserves carrying an interest rate that is computed on a weekly basis. Which of the statements given above is/are correct?

    A) 1 and 2 only

    B) 2 only

    C) 1 and 3 only

    D) 1, 2 and 3

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  • question_answer48) Which one of the following missions given below is the main submission of the Jawaharlal Nehru National Urban Renewal Mission (JNNURM)?

    A) Integrated Housing and Slum Development Programmes (MSDP)

    B) Development of Women and Children in Urban Areas (DWCUA)

    C) Basic Services to the Urban Poor (BSUP)

    D) Both 'a' and 'c'

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  • question_answer49)

    The union Home ministry launched programme named 'Udaan' in 2011 .Which of the following are true about that programme
    1. It is a private sector-led skill training programme for graduates and post graduates in Jammu & Kashmir.
    2. It is targeted to make 40,000 people in Jammu & Kashmir skilled and placed in employment over a span of five year. Which of the statements given above is/are correct?

    A) 1 only

    B) 2 only

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer50)

    Consider the following statements:
    1. Life insurance business provided under the Aam Aadmi Bima Yojana (AABY) and Janashree Bima Yojana (JBY) is liable for service tax.
    2. AABY covers death and disability insurance for the benefit of rural landless households.
    3. JBY provides life insurance protection to people who are below poverty line or marginally above poverty line. Which of the above statements is/are correct?

    A) 1, 2, 3

    B) 2, 3

    C) 1, 2

    D) 1, 3

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  • question_answer51) A Programme which aims to improve the socio- economic standards of the minority community.

    A) Multi Sectoral Development Programme

    B) Twenty point programme for Minorities

    C) Both 1 and 2

    D) Neither 1 nor 2

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  • question_answer52) The Government of India fixes the Minimum Support Prices after taking into account the recommendations of which among the following bodies?

    A) Ministry of Consumer Affairs, Food and Public Distribution.

    B) Cabinet Committee of Economic Affairs

    C) Planning Commission

    D) Commission for Agricultural Costs and Prices

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  • question_answer53)

    Consider the following:
    1. The National Food Security mission has been launched for enhancing the production of rice, wheat and pulses.
    2. National Institute of Agricultural marketing is a premier national level institute set up by the Government of India. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer54)

    Consider the following:
    1. Agriculture Insurance Company of India Limited was set up in 2002-03.
    2. It is promoted by NABARD, GIC and its subsidiaries. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer55)

    Consider the following:
    1. The National Commission on Farmers has drawn attention to the knowledge deficit that exists at present and explains much of the difference between yields realized in experiments and what farmers actually get.
    2. The Commission was headed by M.S. Swaminathan. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer56)

    Consider the following statements:
    1. India meets 80% of its urea requirement through indigenous production.
    2. India largely import dependent for meeting its requirements of the potassic (k) and phosphatic (P) fertilizer requirements.
    Which of the statements given above is/are correct?

    A) 1 only

    B) 2 only

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer57)

    India is a leading vegetable producing country in the world. India has potential to become one of the largest vegetable exporters in the world due to its agro-climatic diversity. Consider the following statements:
    1. Potato being the staple food and easy to mix in several preparation ranks first in total production of vegetables.
    2. Among high value commodities, going for vegetable production and vegetable entrepreneurship is the best option for small and marginal farmers in India. Select the correct statements using the codes given below:-

    A) 1 only

    B) 2 only

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer58)

    Consider the following statements
    1. In India due to the adoption of Bt cotton, there is a tremendous increase in cotton production over the last decade.
    2. In India, Productivity levels of Rice and Wheat have not increased significantly after the 1980s. Select the correct answer using the codes given below:

    A) 1 only

    B) 2 only

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer59)

    Consider the following statements about the National Cooperative Marketing Federation of India Limited (NAFED)
    1. NAFED promotes the inter-state trade as well as export of certain agricultural commodities to many foreign countries.
    2. NAFED is responsible for the movement of the essential commodities from surplus areas to scarcity areas.

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer60) Which of the following statements about Agro & Allied activities is not correct?

    A) Farmers do not get adequate credit for purchase of cattle

    B) There is no need to improve breed as genetic characteristics of the cattle folk

    C) India has huge forest cover and also degraded a marshy land which can be used for productive purposes

    D) India is the 10th largest producer of medicinal & aromatic plants. But the products are not of commercial value

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  • question_answer61) Agricultural credit needs are distinct from those of non-agricultural sector in many respects. Which one of the following does not appear?

    A) Needs for agricultural credit remain stable.

    B) It is difficult to estimate correctly the credit needs in advance as is possible in the case of non-agricultural industries.

    C) An agriculturist can pass on the risk of his business to other people through the sale of shares.

    D) The only tangible asset that agriculturists can offer as security against loan is land itself.

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  • question_answer62) Which of the following is not one of the objectives of disinvestment in public sector enterprises?

    A) To consolidate public sector enterprises to facilitate disinvestment

    B) To protect interest of employees

    C) To expand the ownership base of the public sector enterprises

    D) None of these

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  • question_answer63)

    Public Distribution System (PDS) is operated under the responsibility of the:
    1. Central Government
    2. State Governments

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer64) 'MIBOR' and 'MIBID' are the terms associated with-

    A) Inter-bank call money market

    B) Treasury bill market

    C) Certificate of deposit

    D) None of these

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  • question_answer65)

    Among the following which industries comes under the list of compulsory license?
    1. Cigar, Cigarettes and other substitutes of prepared tobacco.
    2. Electronic, Aerospace and all types of defence equipment. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer66)

    The basis of defining industrial sickness is/are:
    1. A unit incurring losses for 4 successive year leading to erosion of its net worth of 50% or more.
    2. Default/failure to repay loans within 9 months of the demand made by the creditors. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer67)

    Department of Public enterprises frame and issue guidelines norms for Navaratna status and also grant Navaratna status to Central Public Sector Units with the approval of Central Government. Which of the following are such 'Navaratna' companies?
    1. Bharat Heavy Electricals Limited (BHEL).
    2. Steel Authority of India Limited (SAIL).
    3. Oil India Limited.
    4. Shipping Corporation of India.
    Select the correct answer using the codes given below:

    A) 1, 2 and 3 only

    B) 2, 3 and 4 only

    C) 1, 3 and 4 only

    D) 1, 2, 3 and 4

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  • question_answer68)

    Which of the following statements about Steel Authority of India (SAIL) are correct?
    1. SAIL is India's largest steel producing company. With a turnover of Rs. 49,350 crore, the company is among the seven Maharatnas of the country's Central Public Sector Enterprises.
    2. SAIL has two integrated steel plants, three special plants
    3. The Government of India owns about 80% of sail's equity and retains voting control of the Company.

    A) 1 and 2

    B) 2 and 3

    C) 1 and 3

    D) 1, 2 and 3

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  • question_answer69)

    Consider the following statements:
    1. The first cement industry in India was the India Cement Company Limited.
    2. The per capita consumption of cement in India is one of the highest in the world. Which of the statements given above is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer70)

    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

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer71)

    Consider the following:
    The price of any currency in international market is decided by the:
    1. World Bank
    2. Demand for goods/services provided by the country concerned.
    3. Stability of the government of the concerned country. Choose the correct one:

    A) Only 1 and 2

    B) Only 2 and 3

    C) Only 1 and 3

    D) All 1, 2 and 3

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  • question_answer72)

    Consider the following regarding the objectives of WTO:
    1. To improve the standard of living of people in member countries.
    2. To ensure full employment and increase in effective demand.
    3. To enlarge production and trade of goods and services. Which of these statements is/are correct?

    A) Only 1 and 2

    B) Only 2 and 3

    C) Only 1 and 3

    D) All 1, 2 and 3

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  • question_answer73) Which of the following are the objectives of the International Monetary Fund?

    A) To minimize exchange rate restrictions

    B) To promote balanced international trade

    C) To provide financial assistance in adverse BOP situations

    D) All the above

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  • question_answer74)

    In order to comply with TRIPS Agreement, India enacted the Geographical Indications of Goods (Registration Protection) Act, 1999. The difference/differences between a 'Trade Mark" and a "Geographical Indication" is/are:
    1. A Trade Mark is an individual or a company's right whereas a Geographical Indication is a community's right
    2. A Trade Mark can be licensed whereas a Geographical Indication cannot be licensed
    3. A Trade Mark is assigned to the manufactured goods whereas the Geographical Indication is assigned the agricultural goods/products and handicrafts only. Which of the statements given above is/are correct?

    A) 1 and 2 only

    B) 2 and 3 only

    C) 1 and 3 only

    D) 1, 2 and 3

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  • question_answer75)

    Consider the following statements:
    1. Geographical indicators (GI) are WIPO and TRIPS compliant.
    2. Geographical Indicators can be awarded to individuals.
    3. Scissors made in Meerut is the first handmade tool for micro and small industries which has been registered under the geographical Indicators. .
    4. The GI tag conveys an assurance of quality and distinctiveness which is essentially attributable to the fact of its origin in that defined geographical locality, region or country. Which of the above statements is/are correct?

    A) 1, 2, 3, 4

    B) 2, 3, 4

    C) 1, 3, 4

    D) 1, 2, 4

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  • question_answer76)

    Which of the focus issues of the World Bank's annual World Development Report (WDR) given below are correct?
    1. WDR 2014 examines how improving risk management can lead to larger gains in development and poverty reduction.
    2. WDR 2013 Focusses on Jobs, will help explain and analyse the connection between jobs and important dimensions of economic and social development.
    3. WDR 2012 focusses on Gender Equality and Development and will focus on the evolution of gender equality across the world in the context of the development process.
    4. WDR 2011 focusses on the theme Conflict and Development
    Code:

    A) 1 and 2 only

    B) 1, 2 and 3 only

    C) 1, 2, 3 and 4

    D) 1, 2 and 4 only

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  • question_answer77) The Gini Coefficient is used to measure what?

    A) Inequality of income or health

    B) Unemployment Rate

    C) Environmental Pollution

    D) Biodiversity distribution

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  • question_answer78) What is the meaning of Disguised Unemployment?

    A) It is due to mismatch between potential of a person and his actual contribution in Production.

    B) It is a type of underemployment caused by mismatch between worker's skills and the skills needed for available jobs.

    C) Both of the above

    D) None of the above

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  • question_answer79) Which Indian state has the highest graduate unemployment rate?

    A) Tamil Nadu

    B) Mizoram

    C) Kerala

    D) Punjab

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  • question_answer80)

    Which of the following about Uttar Pradesh is/are correct?
    1. UP has the highest rural population.
    2. UP has the highest scheduled caste population.
    3. UP has the highest scheduled tribe population.
    Select the correct answer using the codes given below.

    A) 1 and 2 only

    B) 1 and 3 only

    C) 2 and 3 only

    D) 1, 2 and 3

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  • question_answer81)

    Consider the following statements:
    1. Minimum Wage Act is only applicable to the scheduled employments of the Centre and States.
    2. Minimum Wages Act has allowed discrimination between male and female workers by prescribing different minimum wages for them.
    Which of the statements given above is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer82)

    Consider the following:
    1. The term 'sustainable development' became prominent after the World Conservation Strategy presented in 1980by the International Union for the Conservation of Nature and Natural Resources.
    2. Sustainable development seeks to meet the needs and aspirations of the present without compromising the ability of future generations to meet their own needs.
    3. Sustainable development concept emphasizes on conservation and improvement of environment. Which of the following statement/s is/are correct?

    A) Only 1

    B) Only 2

    C) Only 2 and 3

    D) All 1, 2 and 3

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  • question_answer83) The government approved the proposal of the Ministry of Power of operationalisation of the Power System Development Fund (PSDF) in, 2014. In which of the following areas, the fund will be utilized?

    A) Creating necessary transmission systems

    B) Installation of shunt capacitors

    C) Renovation and Modernisation of transmission and distribution systems

    D) All of the above

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  • question_answer84) Which one of the following is the objective of the Special Accelerated Road Development Programme for North-East Region (SARDPNE)?

    A) To improve the road connectivity to remote places and places of strategic importance in NE region

    B) To establish the 4-lane ring-ring model of highways connecting all state capitals of NE region

    C) To upgrade National Highways connecting all State Capitals to 2/4 lane and provide connectivity of state district headquarters.

    D) Both a and c

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  • question_answer85)

    Consider the following statements about the Liberalization, Privatization and Globalization (LPG) model of economic development process in India
    1. Disinvestment of profit making Public Sector Enterprises
    2. Permitting private sectors to establish Industrial Units without taking a licence.
    3. Chronically sick industries were referred BIFR for the formulation of revival or rehabilitation plan.
    Which of the process/processes given above is/are taken after adoption of LPG model?

    A) 1, 2 and 3

    B) 1 and 3

    C) 2 and 3

    D) Only 2

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  • question_answer86)

    Consider the following objectives
    1. Saving of middle and low income groups by providing soft loans.
    2. Share the benefits and prosperity of the rapidly growing industries with the middle and low income groups. Which of the objectives given above is/are the main objectives of the Unit Trust of India?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer87)

    Consider the following statements
    1. Individuals, Trusts and non-profit making organisations are not eligible to raise External Commercial Borrowings (ECBs).
    2. ECB for investment in the real sector especially infrastructure sector in India is allowed under the Automatic Route. Which of the statements given above is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer88)

    Consider the following statements
    1. Regulation of the insider trading in the Indian Secondary capital market is under the provision of SEBI.
    2. SEBI has been empower to file complaints in the court and to notify is regulation without prior approval of the government
    Which of the statements given above are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer89)

    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

    B) 1 and 3

    C) 2 and 3

    D) Only 1

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  • question_answer90)

    Consider the following statements about the Indian Capital Market
    1. The Security Exchange 'Board of India (SEBI) was set up in the Seventh Five Year Plan.
    2. The Capital Issue (Control) Act-1947 was repealed and replaced by the SEBI. Which of the statements given above is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer91)

    What is the difference between a 'Product Market' and a ?Factor Market'?
    1. The demand for product is a direct demand, whereas factors have a derived demand.
    2. The price of the product is determined by the interaction of demand and supply of product where as the price of factors is determined by the interaction of demand and supply of the factors. Select the correct answer using the codes given below:

    A) 1 only

    B) 2 only

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer92) If the RBI adopts an expansionist open market operations policy, this means that it will

    A) Buy securities from non-government holders

    B) Sell securities in the open market

    C) Offer commercial banks more credit in the open market

    D) Openly announce to the market that it intends to expand credit

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  • question_answer93) A rise in SENSEX means:

    A) A rise in the prices of shares of all companies registered with Bombay Stock Exchange

    B) A rise in the prices of shares of all companies registered with National Stock Exchange

    C) An overall rise in the prices of shares of a group of companies registered with Bombay Stock Exchange

    D) A rise in price of shares of all companies belonging to a group of companies registered with Bombay Stock Exchange

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  • question_answer94) .

    Arrange the following in the descending order of the largest agricultural imports of India:
    1. Pulses
    2. Wood and Wood Products
    3. Edible Vegetable Oils

    A) 1, 2, 3

    B) 1, 3, 2

    C) 2, 1, 3

    D) 3, 2, 1

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  • question_answer95)

    Consider the following Statements:
    1 .Core Inflation is essentially demand driven.
    2. Core Inflation includes items that face volatile price movement. Which of the following Statement(s) given above is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

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  • question_answer96)

    Which among the following are the 'Credit-Rating Agencies' of India?
    1. CRISIL
    2. CARE
    3. ICRA
    4. ONICRA

    A) 1 and 3

    B) 1, 2 and 3

    C) 1, 3 and 4

    D) All of them

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  • question_answer97) Which among the following is India's first Expressway?

    A) Mumbai-Pune Expressway

    B) Ahmedabad Vadodara Expressway

    C) Delhi Gurgaon Expressway

    D) Jaipur Kishangarh Expressway

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  • question_answer98) IMF can grant loan to................?

    A) Any sovereign country of the World

    B) Any sovereign country of the World and Public Sector companies backed by Sovereign guarantee

    C) Any Member country of IMF

    D) Any Member country of IMF and Public Sector Companies backed by Sovereign guarantee of Member Country.

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  • question_answer99) Which among the following is considered to be a part of Shadow Banking in India?

    A) Business Correspondents

    B) Bancassurance Providers

    C) Non- Banking Financial Companies

    D) Private Banks Non-Banking Financial Companies

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  • question_answer100) Berne Convention is most closely related to which of the following?

    A) Trade Related Measures

    B) Copyright

    C) Agricultural Market Access

    D) Global Warming

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