SSC Economics Sample Paper

done NCERT Sample Paper-5 [Download Complete Paper]

  • question_answer1)

    Consider the following statements about IRDA.
    A. IRDA is involved only with Insurance, wherein re-insurance is related directly with the Ministry of Finance.
    B. IRDA promotes and regulates professional organizations connected with the insurance and re-insurance business.
    C. IRDA regulates investments of funds by the insurance companies. Which among the above statements is/are correct?
    Codes:

    A) Only A and B are correct

    B) Only B and C are correct

    C) Only B is correct

    D) All the three are correct

    View Answer play_arrow
  • question_answer2) Which one among the following statements about the Globalisation is not correct?

    A) Advocates of the globalization argue that it will result in greater economic growth

    B) Critics of the globalization argue that it will result in greater economic disparity

    C) Advocates of the globalization argue that it will result in culture homogenization

    D) Critics of the globalization argue that it will result in culture homogenization

    View Answer play_arrow
  • question_answer3) What is correct about the popular idea of 'Triple Bottom Line'?

    A) This is an idea of promoting higher growth rates together with keeping inflation and wages both to their lower sides.

    B) The idea of promoting higher growth rates together with keeping stable inflation and exchange rates.

    C) The idea of generating social and environmental good together with money profits by the corporate houses.

    D) The idea of promoting higher export growth rates without cutting down imports and export subsidies.

    View Answer play_arrow
  • question_answer4)

    Consider the following statements.
    1. Agriculture including allied activities accounted for about 55% employment in the country according to Census 2011.
    2. The growth in agriculture and allied sectors is a necessary condition for inclusive growth in India.
    Which of the statements given above is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) Neither I nor 2

    View Answer play_arrow
  • question_answer5) Exchangeable Bonds are Bonds which can be exchanged with?

    A) Equity Shares of a single company

    B) Equity shares of a Group Company

    C) Both of them

    D) None of them

    View Answer play_arrow
  • question_answer6) The most appropriate measure of a country's economic growth is:

    A) Gross domestic product

    B) Net domestic product

    C) Net National product

    D) Per capita real income

    View Answer play_arrow
  • question_answer7) National income is considered as:

    A) NNP at factor cost

    B) GDP at factor cost

    C) NNP at market prices

    D) GDP at current prices

    View Answer play_arrow
  • question_answer8)

    Consider the following statements about GDP deflator.
    1. GDP deflator tells us the rise in nominal GDP that is attributable to a rise in prices rather than a rise in the quantities produced.
    2. GDP deflator does not depend on a fixed basket of goods and services but covers the level of prices of an entire range of economic activities.
    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

    View Answer play_arrow
  • question_answer9)

    Consider the following statements:
    1. Service sector contributes more than two-third of world GDP
    2. In the last two decades India's high growth story is powered by service sector.
    Which of the following statements is/are correct?

    A) 1 only

    B) 2 only

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer10) The method(s) used for measuring national income in India is/are

    A) Production method and income method

    B) Production method and expenditure method

    C) Income method and expenditure method

    D) Production method only

    View Answer play_arrow
  • question_answer11) Since 1951, in India:

    A) National income has increased but per capita income has decreased.

    B) National and per capita incomes have both increased fast

    C) National income has increased and per capita income has also increased but at a slower rate

    D) National income and per capita income have increased every year.

    View Answer play_arrow
  • question_answer12) Which is the apex body for the development and implementation of plans:

    A) National Development Council

    B) Planning Commission of India

    C) Union Cabinet

    D) None of the above.

    View Answer play_arrow
  • question_answer13)

    What do you understand by Plan Holiday:
    1. It refers to the suspension of the five year plan due to some unforeseen circumstances.
    2. Annual plans are prepared during the plan holiday. Choose the correct one:

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer14)

    What do you understand by the perspective plan?
    1. It is a plan with a long term perspective for 15-20 years.
    2. Five year plans are part of this perspective plan.
    Choose the correct one:

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer15)

    Consider the following statements:
    1. Nehru - Mahalanobis model forms basis for India's first five year plan.
    2. Harrod - Damor strategy was used in India's second five year plan. 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

    View Answer play_arrow
  • question_answer16) Which of the following is not correct with regard to the Twelfth Five Year Plan?

    A) The 12 Five Year Plan period is from 2012 till 2017.

    B) The 12 Plan also seeks to reduce poverty by 10 percentage points in the five-year period.

    C) It also seeks to reduce emission intensity of the GDP in line with the target of 20-25 reduction by 2020 over 2005 levels.

    D) The aggregate Plan resources are estimated at Rs. 100 lakh crore during the five year period.

    View Answer play_arrow
  • question_answer17) Which one of the following is the objective of the Twelfth Five Year Plan of India?

    A) Faster and inclusive growth

    B) Faster, quick and reliable inclusive growth

    C) Faster, reliable and more inclusive growth

    D) Faster, sustainable and more inclusive growth

    View Answer play_arrow
  • question_answer18)

    Which of the following comes under the union list?
    1. Service tax
    2. Excise duties
    3. Customs Duty
    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

    View Answer play_arrow
  • question_answer19) What do you understand by Laffer curve?

    A) A graphical representation of the relationship between tax rates and tax revenues.

    B) A graphical representation of the relationship between Gross domestic products and tax revenue.

    C) A graphical, representation between the total revenue and tax rates,

    D) None of the above.

    View Answer play_arrow
  • question_answer20)

    Which of the following is/are example of merit goods?
    1. Education
    2. Health Care
    3. Tobacco
    Choose the correct one

    A) Only 1 and 2

    B) Only 1 and 3

    C) All 1, 2 and 3

    D) Only 2 and 3

    View Answer play_arrow
  • question_answer21)

    The revenue account of the central government of India includes;
    1. Profit and dividends of PSUS
    2. Interest on loans from state governments
    3. Fees, fines and penalties
    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

    View Answer play_arrow
  • question_answer22)

    Consider the following:
    1. Fiscal deficit is the difference between what the government earns and its total expenditure.
    2. It is an indication of the total borrowings needed by the government. Choose the correct one regarding Fiscal deficit:

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer23)

    Receipts in budget can be capital or revenue. Which of these is/are capital receipts?
    1. Loan recoveries
    2. Provident funds deposits
    3. Grants
    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

    View Answer play_arrow
  • question_answer24)

    Many a time we read in financial newspapers about a term "progressive tax system". Consider the following statements in this context
    Progressive tax is harsher on the poor sections of the society
    In progressive tax, average tax rate is less than the marginal tax rate. Which among the above statements is/are correct?

    A) Only A is true

    B) Only B is true

    C) A & B are true

    D) Neither A nor B are true

    View Answer play_arrow
  • question_answer25) Which of the following is not true about 'vote-on- account'?

    A) It is a budget presented in the Parliament to cover the deficit left by the last budget

    B) It does not allow the Government to set for the economic policies of the new plan which starts from April 1

    C) It prevents the Government from imposing fresh taxes or withdrawing old one

    D) This allows the Government to withdraw an amount for a period with the consent of Parliament

    View Answer play_arrow
  • question_answer26) Which one of the following statements is incorrect about a Mutual Fund in India?

    A) They are compulsory, registered with the SEBI, which also acts as the first wall defence for all investors in these funds.

    B) Each mutual fund is run by a group of qualified people who form a company called an Asset Management Company (AMC)

    C) The operations of the AMC are under the guidance of another group of people, called trustees.

    D) The AMC and the trustees own no responsibility for the investor money in a mutual fund.

    View Answer play_arrow
  • question_answer27) Excise duty is a tax levied on the

    A) Import of goods

    B) export of goods

    C) Production of goods

    D) sale of goods

    View Answer play_arrow
  • question_answer28) In which of the following decades, population growth rate was minimum?

    A) 1951- 1961

    B) 1961- 1971

    C) 1991- 2001

    D) 2001- 2011

    View Answer play_arrow
  • question_answer29) What does infant mortality rate refer to?

    A) The ratio of number of children who die before their fifth birthday out of every 1000 live births

    B) The ratio of number of children who die before their first birthday out of every 100 live births

    C) The ratio of number of children who die before their fifth birthday out of every 100 live births

    D) The ratio of number of children who die before their first birthday out of every 1000 live births

    View Answer play_arrow
  • question_answer30) In which of the following states, sex ratio in 0-6 age group is maximum?

    A) Mizoram

    B) Meghalaya

    C) Kerala

    D) Sikkim

    View Answer play_arrow
  • question_answer31)

    Which of the following are the components of Human Development Index brought out by United Nations Development Programme (UNDP)?
    1. Life expectancy
    2. Educational attainment
    3. Command over resources need for decent living
    4. Political empowerment
    Select the correct answer using the codes given below:

    A) 1 and 2 only

    B) 3 and 4 only

    C) 1, 2 and 3 only

    D) 1, 2, 3 and 4

    View Answer play_arrow
  • question_answer32)

    Consider the following statements:
    1. Urbanisation in a country is an integral part of development process.
    2. In India, we can see a combination of pull and push factors in the process of urbanisation.
    Which of the statement/s is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer33) Which of the following' is incorrect about census in India?

    A) In modem period, first census was conducted in 1872 by Lord Mayo, but it was complete.

    B) Census is conducted under 'Census Act 1948' by 'Registrar General and Census Commissioner of India' who is appointed by the central government.

    C) The Census Commissioner office functions under the ministry of human resource development, government of India.

    D) In the census 2011, the government decided to prepare NPR (National Population Register) also.

    View Answer play_arrow
  • question_answer34) The base rate of commercial bank is determined by:

    A) RBI

    B) Ministry of Finance

    C) Indian Banker's Association

    D) Market Forces and cost of banks

    View Answer play_arrow
  • question_answer35)

    Consider the following:
    1. At present there are 27 commercial banks in public sector in the country.
    2. Nationalisation of banks was a part of financial inclusion. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer36) Which of the following was not a reason for nationalisation of Banks in 1969 and 1980?

    A) Misuse of credit

    B) Tendency to ignore small industries and agriculture sector

    C) Fear of concentration of economic power in the hands of few industrialists

    D) None of these

    View Answer play_arrow
  • question_answer37)

    Consider the following:
    1. Reverse repo rate is the rate at which RB I re-discounts bills and other permitted securities
    2. Increase in reverse repo rate will increase the cost of borrowing of the government but it will also increases better returns to the banks if they park their funds with the RBI. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer38)

    Consider the following:
    1. There are two broad categories of NBFCs, namely deposit taking NBFCs and non-deposit taking NBFCs.
    2. Non-banking Finance companies as a whole account for 13.1 per cent of the total credit in the country. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer39) A provision extended by RBI for short term financing to bridge the mismatch in receipts and payments of the state Government:

    A) Repo window

    B) Liquidity Adjustment Facility

    C) Ways and Means advances

    D) None of the above

    View Answer play_arrow
  • question_answer40)

    Which of the following statements about base rate is/are correct?
    1. Introduced in 2010, it replaced benchmark prime lending rate (BPLR).
    2. It brings more transparency in lending system.
    3. Bank can't lend any of its customers below this lending rate with exception to high net worth individuals. Select the correct answer using the codes given below:

    A) 1 and 2 only

    B) 2 only

    C) 3 only

    D) 1, 2 and 3

    View Answer play_arrow
  • question_answer41) The Economic Survey is compiled by:

    A) Office of economic advisor.

    B) Central Statistical office (CSO)

    C) National Sample Survey Organization (NSSO)

    D) Department of economic affairs.

    View Answer play_arrow
  • question_answer42)

    Consider the following statements regarding Islamic Banking, which was recently in news:
    1. The first Islamic bank in the world was founded in Egypt in 1963
    2. Conceptually, an Islamic bank has an equity-based capital structure, composed of shareholders' equity and investment deposits based an profit and loss sharing.
    3. Islamic banking prohibits earning of interest, or riba.
    4. Islamic banking prohibits investment in activities considered haram, or sinful, according to sharia.
    Codes:

    A) 1 and 2 only

    B) 1, 2 and 3 only

    C) 1, 2, 3 and 4

    D) 1, 3 and 4 only

    View Answer play_arrow
  • question_answer43) Which one of the following tools is used by RBI for selective credit control?

    A) It advises banks to lend against certain commodities.

    B) It advises banks to recall the loans for advances against certain commodities.

    C) It advises banks to charge higher rate of interest for advance against certain commodities.

    D) It discourages certain kinds of lending by assigning higher risk weights to loans it deems undesirable.

    View Answer play_arrow
  • question_answer44) Which one of the following is the recognised lender of the External Commercial Borrowings (ECB) in the International capital market?

    A) Export credit agencies

    B) Asian Development Bank

    C) International Finance Corporation

    D) All of the above

    View Answer play_arrow
  • question_answer45)

    Consider the following statements about Sinking Fund
    1. It is a method of repayment of public debt.
    2. It is created by the government out of budgetary revenues every year.
    Which of the statements given above is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) None of these

    View Answer play_arrow
  • question_answer46) Which of the following is the correct definition of the term 'Commercial Paper'?

    A) It is nothing but the popular name of the judicial stamp papers used to register financial transactions

    B) It is one of the instruments through which corporate raise debts from the market

    C) It is the name of the 'Certificate of Deposits' provided by the bank to all its retail customers

    D) All of the above

    View Answer play_arrow
  • question_answer47)

    With reference to functions of Securities and Exchange Board of India, consider the following statements
    1. It has power to ensure the orderly development of capital market.
    2. It has power to protect the investors in the capital market.
    3. It has power to ensure proper functioning of insurance market in India.
    4. It has power to regulate the merchant banking in India. Which of the statements given above is/are correct?

    A) 1, 2, 3 and 4

    B) 2 and 3

    C) 2, 3 and 4

    D) 1, 2 and 4

    View Answer play_arrow
  • question_answer48)

    Which of the following is/are part of India's organised money market?
    1. Treasury Bill
    2. Commercial Bill
    3. Cash Management Bill
    4. Money lender
    5. Mutual Fund
    Select the correct answer using the codes given below:

    A) 1, 2 and 3 only

    B) 4 and 5 only

    C) 1, 2, 3 and 5 only

    D) 1, 2, 3, 4 and 5

    View Answer play_arrow
  • question_answer49)

    With reference to the National Investment Fund to which the disinvestment proceeds are routed, consider the following statements;
    1. The assets in the National Investment Fund are managed by the Union Ministry of Finance.
    2. The National Investment Fund is to be maintained within the Consolidated Fund of India.
    3. Certain Asset Management Companies are appointed as the fund managers
    4. A certain proportion of annual income is used for financing select social sectors. Which of the statements given above is/are correct?

    A) 1 and 2

    B) 2 only

    C) 3 and 4 only

    D) 3 only

    View Answer play_arrow
  • question_answer50) 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.

    B) An equity shareholder cannot withdraw his amount whereas debentures can be withdrawn by taking back the amount.

    C) Equity shareholding is more risky compared to debentures which is bound to return good interest on the principal

    D) Both debenture and equity holders have voting right irrespective of the proportion of holdings but debentures are of lower value than equity.

    View Answer play_arrow
  • question_answer51) What is the effect of appreciation of domestic currency on imports and exports?

    A) Exports are cheaper when denominated in other currencies

    B) Imports are dearer when denominated in domestic currencies

    C) Both a and b

    D) None of the above

    View Answer play_arrow
  • question_answer52) What is the minimum export requirement in previous three years for the status of five star export house?

    A) Rs. 500 crore

    B) Rs. 5000 crore

    C) Rs. 7500 crore

    D) Rs. 10000 crore

    View Answer play_arrow
  • question_answer53) Important source of rising Foreign Exchange Reserves in India are-

    A) Foreign investment

    B) NRI deposits

    C) External Commercial Borrowings (ECB)

    D) All the above

    View Answer play_arrow
  • question_answer54)

    Read the statements carefully:
    1. APEDA was set up as a nodal agency to promote exports from agriculture sector
    2. The APEDA is a statutory body
    Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer55)

    Consider the following statements:
    The Indian rupee is fully convertible
    1. In respect of current account of balance of payment
    2. In respect of capital account of balance of payment.
    3. In to gold.
    Which of the statements given above is/are correct?

    A) 1 only

    B) 3 only

    C) 1 and 2 only

    D) 1, 2 and 3

    View Answer play_arrow
  • question_answer56)

    Integrated Child Development Services (ICDS) Scheme aims to provide many services to children that includes:
    1. School education
    2. Nutrition support
    3. Immunization
    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

    View Answer play_arrow
  • question_answer57)

    Last year, there were indications of tapering of quantitative easing by the US Federal Reserve. The surge in capital outflows resulted in sharp depreciation of rupee. What were the steps taken by RBI to restore the stability in foreign exchange market?
    1. Hike in Marginal Standing Facility (MSF) rate.
    2. Cap on daily Liquidity Adjustment Fund (LAP) borrowing to Net Demand and Time Liabilities (NDTL) of respective banks.
    3. A hike in the minimum daily cash reserve ratio (CRR) requirement.
    4. Weekly auctions of cash management bills.
    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

    View Answer play_arrow
  • question_answer58) Which of the following statements is not correct in respect of the balance of payments of a country?

    A) The current account of balance of payments consists of export and import of goods and the capital account consists of export and import of services, borrowings and lendings.

    B) The surplus on current account in the balance of payments must be equal to the deficit on capital account and vice versa.

    C) If in the actual balance of payments, the credit and debit do not balance, the balance is usually achieved by adding one item 'error and omissions'.

    D) The balance of payment of a country must always balance in the accounting sense.

    View Answer play_arrow
  • question_answer59)

    Many times we read about 'Balance of Payment' in economic literature. Which of the following statement(s) define(s) the term correctly?
    I. It is a record of all transactions made between one particular country and all other countries.
    II. It is a record of all transactions made between the countries wherein the payment was made in a currency other than US dollars.
    III. It is a record of all exports/imports from/by a country and difference in amount of both in terms of payment in US dollars.

    A) Only I

    B) Only III

    C) Only II

    D) Both I and II

    View Answer play_arrow
  • question_answer60)

    The advantages of foreign direct investment are
    1. Foreign investment reduces the disparity that exists between costs and revenues, especially when they are calculated in different currencies.
    2. From the foreign affiliate's point of view, FDI is beneficial because they get advanced resources and additional capital at their disposal. Which of the advantages given above is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer61)

    Consider the following statements in the context of expenditure pattern on Indian health sector in recent years:
    1. Public expenditure on health as a percent of GDP is very low compared to many other emerging and developed countries.
    2. Unlike most-countries, in India private sector expenditure on health as a percentage of GDP is higher than public expenditure.
    3. Among the BRICS nations India's health expenditure is lowest. 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

    View Answer play_arrow
  • question_answer62) Gross budgetary support means:

    A) centre's contribution to budget

    B) Expenditure in budget on social schemes

    C) Assistance provided by the Centre to five year plan.

    D) None of the above

    View Answer play_arrow
  • question_answer63)

    Which among the following is not correct with regard to Sampoorna Grameen Rozgar Yojana?
    1. The cash component of the program is borne exclusively by the Central Government
    2. Food grains are provided free of cost to the States/Union territories
    Select the answer using codes given below:

    A) 1 only

    B) 2 only

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer64) Which one of the following is the main objective of the Jan Shikshan Sansthan in India?

    A) Educational and vocational development of children belongs to certain minority communities in India

    B) Vocational and occupational development of the socio-economically disadvantaged groups of urban/rural population

    C) Educational development of teachers of certain region of India to enable to provide the Total Literacy Scheme to rural poor

    D) Both 'b' and 'c' are correct about the Jan Shikshan Sansthan

    View Answer play_arrow
  • question_answer65) Which of the following statements is incorrect about Kisan Credit Card (KCC)?

    A) The scheme was introduced in 1998

    B) The scheme includes reasonable component of consumption credit within the overall credit limit

    C) The NABARD has extended the use of KCC to cover long term loan for allied activities

    D) None of these

    View Answer play_arrow
  • question_answer66) Which of the following statements is incorrect about 'Accelerated Irrigation Benefit Programme'?

    A) The Programme started in 1996-97

    B) Under the programme, the central government provides financial assistance to states for speedy completion of ongoing irrigation projects.

    C) 50% of the project cost is provided as grant by the central government

    D) For special category states, the grant component of the financial assistance is 90%

    View Answer play_arrow
  • question_answer67)

    Consider the following regarding the negative impacts of Green revolution:
    1. Increased disparities
    2. Regional imbalances
    3. De-gradation of land
    4. Environmental and health hazard
    Which of these statements is/are correct?

    A) Only 1, 2, 3

    B) Only 2 and 4

    C) Only 1, 2 and 4

    D) All 1, 2, 3 and 4

    View Answer play_arrow
  • question_answer68)

    Consider the following:
    1. Agriculture accounts for 10% of the total export earnings and provides raw material to large number of industries.
    2. Rural areas are the biggest markets for low-priced and middle-priced consumer goods.
    Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer69) Which of the following are not kharif crops?

    A) Rice

    B) Maize

    C) Bajra

    D) Mustard

    View Answer play_arrow
  • question_answer70)

    Consider the following statements about NPK fertilizers in India:
    1. The consumption of fertilizers in the country shows consistent increase in last one decade.
    2. India meets considerable amount of NPK fertilizers through imports.
    3. While government continue to administer the prices of urea, it decontrolled the prices of phosphatic and potassic (P&K) fertilizers. Select the correct answer using the codes given below:

    A) 1 and 2 only

    B) 2 and 3 only

    C) 1 and 3 only

    D) 1, 2 and 3

    View Answer play_arrow
  • question_answer71)

    In India, there is a need to expand the adoption of the 'decentralised system of procurement' for the PDS to all states.
    This would help to
    1. Reduce the transport costs
    2. Reduce transit losses
    3. Increase food availability
    4. Reduce food prices in the open market
    5. Reduction in food subsidy
    Select the correct answer using the codes given below:

    A) 1, 2 and 3 only

    B) 1, 2, 3 and 4 only

    C) 1, 2, 4 and 5 only

    D) 1, 2, 3, 4, 5

    View Answer play_arrow
  • question_answer72)

    Consider the following two statements about e-PDS
    A. This system will help consumers get online information on the availability of food grains, distribution of important commodities and ration shops
    B. The e-PDS will improve the Public distribution System by bringing more transparency in the supply chain management. Which of the above mentioned statements is/are true?

    A) Only A

    B) Only B

    C) Both A and B

    D) neither A nor B

    View Answer play_arrow
  • question_answer73)

    Consider the following statements
    1. The erratic trend in the production of sugar is mainly due to monsoons.
    2. The output of sugar is influenced by both Cane and Gur (jaggery) prices. 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

    View Answer play_arrow
  • question_answer74) By marketing of agricultural produces we mean

    A) A process whereby agricultural inputs are made available to farmers

    B) A process whereby the producers and the buyers of the agricultural produce are brought together

    C) A process adopted by farmers to promote sale of their produce

    D) A process characterised by attractive packing, brand names, etc.

    View Answer play_arrow
  • question_answer75)

    The unique features of National level commodity exchanges include:
    1. They are demutualized.
    2. They provide online platforms or screen based trading.
    3. They allow trading in a number of commodities and hence multi-commodity exchanges.
    Codes:

    A) Only 1 and 3

    B) Only 2 and 3

    C) Only 1 and 2

    D) All 1, 2 and 3

    View Answer play_arrow
  • question_answer76) The Rangarajan Committee was set up which purpose:

    A) Disinvestment

    B) Tax reform

    C) Industrial sickness

    D) none of the above

    View Answer play_arrow
  • question_answer77)

    Which of the following is/are the External causes of the industrial sickness?
    1 .Government policies
    2. Infrastructural bottlenecks 3. Shortage of Credit
    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

    View Answer play_arrow
  • question_answer78)

    Consider the following statements about 'Special Purpose Vehicle' (SPV) and Choose the correct answer:
    1 An SPY is primarily a subsidiary business association of persons or entities designed to serve as counterparty for swaps and other credit sensitive derivative instruments.
    2. An SPY is a company and it has to follow the rules of formation of a company laid down in the
    Companies Act. Which of the following statements is/are correct?

    A) 1 only

    B) 2 only

    C) Both 1 & 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer79)

    Index of Industrial Production (IIP), widely watched measure of factory output in India perpetually shows poor record in recent past because of
    1. Tight money policy adapted by RBI
    2. Slow recovery of global economy particularly in US and Europe
    3. Political instability in central Asia
    4. Supreme Court ban on mining
    Which of the statements given above is/are correct?

    A) 1, 2 and 3 only

    B) 2, 3 and 4 only

    C) 1 and 4 only

    D) 1, 2, 3 and 4

    View Answer play_arrow
  • question_answer80)

    Consider the following statements about the Mega Food Parks
    1. Mega Food Park is a well-defined agri/horticultural- processing zone containing state of the art processing facilities with support infrastructure and well established supply chain.
    2. Mega Food Park was launched in the Ninth Five Year Plan. 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

    View Answer play_arrow
  • question_answer81) Which one of the following is not an immediate indicator of Industrial Sickness?

    A) Drop in profitability

    B) Labour unrest

    C) Shrinking of market credit

    D) Decline in market share

    View Answer play_arrow
  • question_answer82)

    Consider the following criteria necessary to be included in the 'Maharatna' category of Indian Industries
    1. An average annual turnover of more than' 20000 crore during the last 3 years.
    2. An average annual net profit after tax of more than' 2500 crore during the last 3 years.
    3. An average annual net worth of more than 10000 crore during the last 3 years.
    4. Prior Navratna status.
    Which of the criteria necessary to be included in the Maharatna Status given above are correct?

    A) 1, 2, 3 and 4

    B) 1, 2 and 3

    C) 2 and 3

    D) 3 and 4

    View Answer play_arrow
  • question_answer83)

    Consider the following:
    1. The Genera) Agreement on Tariff and Trade is an agreement that was arrived at in 1947 by 23 countries to establish free and fair international trading regime among member countries.
    2. India was a founding member of GATT.
    Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer84)

    Consider the following statements regarding the OPEC:
    1. At present OPEC has a total 12 member countries.
    2. The objective of OPEC was to control production and price of petroleum so as to safeguard the interests of oil exporting countries. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer85)

    Consider the following regarding the International Monetary Fund:
    1. IMF is controlled and managed by a Board of Governors.
    2. Each governor has the right of 250 votes on the basis of membership and one additional vote for each SDR 1 lakh quota. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer86)

    World Bank provides long-run capital to member countries for economic reconstruction and development. World Bank provides capital mainly for the following purposes:
    1. To rehabilitate war ruined economics.
    2. To finance productive efforts according to peacetime requirements.
    3. To develop resources and production facilities in underdeveloped countries.
    Choose the correct statements:

    A) Only 1 and 2

    B) Only 2 and 3

    C) Only 1 and 3

    D) All 1, 2 and 3

    View Answer play_arrow
  • question_answer87)

    Consider the following statements
    1. Among the BRICS countries Russia is the leading exporter followed by China, India and Brazil.
    2. Only India and China have shown good growth rates among the Emerging and Developing Economies (EDEs) in 2013.
    Which of the above statement(s) is/are correct?

    A) 1 only

    B) 2 only

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer88)

    Consider the following statements
    The advantage of DTAA (Double Taxation Avoidance Agreements) are
    1. Lower withholding of taxes (tax deduction at source).
    2. Complete exemption of income from taxes.
    3. Underlying tax credits.
    4. Tax sparing credits.
    Which of the advantages given above are correct?

    A) 1 and 2

    B) 1, 2 and 3

    C) 2 and 3

    D) All of these

    View Answer play_arrow
  • question_answer89)

    Consider the following statements regarding WTO agreements
    1. Genetically Modified Organisms (GMOs) is covered under the Agreement on the Application of Sanitary and Phytosanitary Measures (SPS).
    2. Under the SPS agreement, the WTO sets constraints on member-states policies relating to flood safety as well as animal and plant health about imported pests and diseases.
    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

    View Answer play_arrow
  • question_answer90)

    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

    B) 1 and 3

    C) 2 and 3

    D) All of these

    View Answer play_arrow
  • question_answer91) What is the meaning of "JAM number trinity" mentioned in the Economic Survey 2014-15?

    A) A mechanism for targeted and less distortive way of supporting poor.

    B) A balance between the budget deficit, revenue deficit and capital deficit.

    C) A balance between current account deficit, capital deficit and fiscal deficit

    D) A fiscal policy having a short, medium and long term goals.

    View Answer play_arrow
  • question_answer92) 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

    B) It is the impact of the surge in demand due to rapid economic growth

    C) It is the impact of price levels of the previous year on the calculation of inflation rate

    D) None of the above

    View Answer play_arrow
  • question_answer93)

    Consider the following statements about inflation:
    1. Cost push inflation occurs mainly due to increase in money supply in the market.
    2. Inflation has a positive relationship with the amount of Foreign Investment.
    3. Creditors lose and debtors gain due to inflation.
    Which of the statements given above is / are correct?

    A) 1, and 3 only

    B) 1 and 2 only

    C) 2 and 3 only

    D) All of the above

    View Answer play_arrow
  • question_answer94)

    Which of the following statements are true regarding the recommendations of Urjit panel Committee?
    1. CPI lower than 2% is good for economy but CPI higher than 6% is bad for the economy.
    2. RBI should continue with multiple indicator method to frame monetary policy.
    3. To combat inflation RBI should keep repo rate lower than CPI.
    Select the correct answer using the codes given below:

    A) 1 and 2 only

    B) 1, 2 and 3

    C) 1 and 3 only

    D) none of the .above

    View Answer play_arrow
  • question_answer95) Which of the following factors leads to the Agflation in an economy?

    A) Inflation led by rises in the Black economy

    B) Deflation led by declines in Agricultural commodity prices

    C) Inflation led by rises in Agricultural commodity prices

    D) None of the above

    View Answer play_arrow
  • question_answer96)

    The Kudumbashree program by the Kerala government works in the area of
    1. Reducing maternal mortality
    2. Providing micro credit
    3. Enhancing entrepreneurship
    4. Providing housing
    Select the correct answer using the codes given below.

    A) 1 and 2 only

    B) 1, 3 and 4 only

    C) 2 and 3 only

    D) 1, 2, and 4 only

    View Answer play_arrow
  • question_answer97)

    Consider the following regarding the total sanitation campaign:
    1. The total sanitation campaign follows a community led and people oriented approach.
    2. The components of total sanitation campaign include start up activities, individual household latrines, community sanitary complexes, school sanitation, hygiene education and Anganwadi toilets etc. Which of these statements is/are correct?

    A) Only 1

    B) Only 2

    C) Both 1 and 2

    D) neither 1 nor 2

    View Answer play_arrow
  • question_answer98) Bringing Green Revolution to eastern India is a sub scheme of

    A) National Mission on Agriculture Extension and Technology

    B) National Mission for sustainable agriculture

    C) Rashtriya Krishi Vikas Yojana

    D) It is not a subscheme

    View Answer play_arrow
  • question_answer99)

    Which of the following types of unemployment constitutes 'Natural Unemployment'?
    1. Frictional Unemployment
    2. Seasonal Unemployment
    3. Structural Unemployment
    4. Cyclical Unemployment
    Select the correct answer using the codes given below;

    A) 1 and 2 only

    B) 1 and 3 only

    C) 3 and 4 only

    D) 2 and 3 only

    View Answer play_arrow
  • question_answer100)

    With reference to Special Economic Zone (SEZ), consider the following statements :
    1. SEZs have full freedom for subcontracting.
    2. They are exempted from routine examination by custom authorities.
    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

    View Answer play_arrow


You need to login to perform this action.
You will be redirected in 3 sec spinner

Free
Videos