# SSC Economics Sample Paper

 Consider the following statements 1. Highway Development Project connecting Delhi, Pune, Chennai and Kolkata. 2. North-South Corridor which comprises 4-laning of National Highways connecting Srinagar to Kanyakumari via Cochin-Salem. 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

 Consider the following statements: 1. Cochin Shipyard is the largest shipyard in the country. 2. Garden Reach Shipbuilders & Engineers Limited (GRSE) is a Mini-Ratna company. 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

 Consider the following statements about agencies responsible for development and maintenance of the National Highways system in India. 1 .National Highways Authority of India (NHAI) 2. State Public Works Departments (PWDs) 3 .Border Road Organisation (BRO) Which of the above- agencies are participated in carrying out development and maintenance work of National Highways?

A) 1, 2 and 3

B) 1 and 3

C) 2 and 3

D) Only 2

 Consider the following statements: 1. Life Insurance Corporation of India is the oldest insurance company in India. 2. National Insurance Company Limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India. 3. Headquarters of United India Insurance Company Limited are located at Chennai. Which one of these statements is/are correct?

A) 1, 2 and 3

B) 1 and 2

C) 2 and 3

D) 1 and 3 only

• question_answer5) If the GDP is measured at the price of a base year, then it is called:

A) Current price

B) market price

C) Constant price

D) none of the above

• question_answer6) What is the meaning of Transfer Payment?

A) It refers to payments made for which there is no goods produced or service provided in return.

B) It is a type of treasury bills

C) It is a method of transfer of money in the banking system

D) None of the above

 Consider the following: 1. GDP is essentially about who produces. 2. GNP is essentially about where production takes place. Which of the given statements is/are correct?

A) Only 1

B) Only 2

C) Both 1 and 2

D) neither 1 nor 2

 Consider the following statements: 1. A base year is the year used only for comparison for the level of a particular economic index and hence it is used to determine inflation. 2. A base effect can make it difficult to accurately assess inflation levels over time and the base effect wears off over time if inflation levels are relatively constant. 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

 What are the factors determining National Income of a country? 1. Quality and quantity of factors of production 2. The extent of technical know-how and technology in production 3. Political stability.

A) 1 and 2

B) 1 and 3

C) 1, 2 and 3

D) 2 and 3

• question_answer10) In economic terminology the final production of goods and services valued at market prices during a year of a nation is known as

A) Gross Domestic Product

B) Gross National Product

C) National Income

D) Net National Product

• question_answer11) Net Domestic Product has always been less than the Gross Domestic Product. This is so because

A) Capital equipment undergoes wear and tear

B) Disguised unemployment does not contribute to Gross Domestic Product

C) Capital imports cannot be totally dispensed with

D) Capital output ratio in the domestic economy has been low.

 The Price stabilization fund will support the procurement of 1. Onion 2. Groundnut 3. Potato 4. Rice 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 and 4 only

 Which among the following is /are characters of Dual Economy? Existence of Agriculture and Industry Existence of commercial agriculture with subsistence farming Modern industry and commercial agriculture with subsistence farming and traditional handicraft.
Codes:

A) A and B only

B) A and C only

C) B and C only

D) A, B and C

 The growth of GDP depends on: 1. Productivity of investment 2. Level of investment 3. Incremental Capital Output Ratio. 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

 The main functions of National Development Council include: 1. To give suggestion in order to achieve the determined goal and achieve maximum cooperation of the people. 2. To approve the plan prepared by the planning commission. Choose the correct one:

A) Only 1

B) Only 2

C) Both 1 and 2

D) neither 1 nor 2

 Consider the following statements about 12th Five year plans goals: 1. Clean all the critically polluted rivers by 2020. 2. Setup an autonomous body named National Environment Assessment and Monitoring Authority for E14, Coastal Zone regulations and Marine Fisheries regulations. Which of the above statements is/are correct?

A) 1 only

B) 2 only

C) Both 1 and 2

D) neither 1 nor 2

 Which of the following are the Advantages of Economic Planning? 1. It helps to correct and eliminate regional imbalances by focusing attention on the needs of backward areas; 2. It promotes co-ordination between the different sectors of the economy; 3. It is the only reliable way in which the State can try to remove economic disparities and establish an egalitarian society free of social and political tensions;
Codes:

A) 1, 2 and 3

B) 1 and 2

C) 1 and 3

D) Only 2

• question_answer18) The Gadgil formula for transfer of resources from the Centre to states was used for the first time in-

A) Third five year plan

B) Fourth five year plan

C) Fifth five year plan.

D) Sixth five year plan

 Consider the following taxes: 1. Corporation tax 2. Customs duty 3. Wealth tax 4. Excise duty Which of these is/are indirect taxes?

A) 1 only

B) 1 and 3 only

C) 2 and 4 only

D) 2 and 3 only

 Non-plan expenditure includes: 1. Expenditure on interest payment 2. Defence 3. Maintenance expenditure 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

 Consider the following regarding the concept of Engel's law: 1. It states that as income rises, the proportion of income spent on food falls, 2. According to this law, smaller a person's income, the greater the proportion of it that he will spend on food and vice versa. Choose the correct one:

A) Only 1

B) Only 2

C) Both 1 and 2

D) neither 1 nor 2

• question_answer22) Primary deficit is equal to the:

A) Difference between the fiscal deficit and the interest payments.

B) Difference between budget deficit and the interest payments.

C) Difference between monetized deficit and the interest payments.

D) None of the above

 Consider the following statements: 1. States have exclusive power to tax sales and purchases of goods other than newspaper. 2. Central government has exclusive power to tax sales and purchase of goods in the course of inter-state. Which of the above statements is/are correct?

A) 1 only

B) 2 only

C) Both 1 & 2

D) neither 1 nor 2

 Which of the following are not included in the functions of the Department of Financial Services under the Ministry of Finance. 1. Administering Government policies having a bearing on the working of banks and the term lending Financial Institutions. 2. Matters relating to industrial sickness and miscellaneous issues of coordination between industry, banks and financial institutions 3. Policy matters relating to private banks, foreign banks and non-banking financing companies,

A) 2 and 3

B) 1 and 3

C) 1 and 2

D) None of the above

 Recently the term "Double Taxation" was very common in the news. Consider the following statements regarding Double taxation: 1. The Indian government has entered into tax treaties, known as Double Taxation Avoidance Agreement (DTAA). 2. Relief against double taxation is provided in two ways: Unilateral relief and Bilateral relief. 3. Exemption method and Tax credit method are methods of Unilateral relief. Of these statements:

A) 1, 2 and 3 are correct

B) 2 and 3 are correct

C) 1 and 2 are correct

D) 1 and 3 are correct

 Consider the following statements 1. Vote on Account deals only with the expenditure side of the government's budget 2. Interim Budget does not give the complete financial statement, like a full Budget. Which of the above statements is/are correct regarding?

A) 1 only

B) 2 only

C) Both are correct

D) both are wrong

• question_answer27) Which one of the following would be considered an example of a 'dirty subsidy'?

A) Subsidy on diesel

B) Money spent on total sanitation programme

C) Subsidy provided to households above the poverty line

D) Mid-day meals programme

• question_answer28) The term 'unemployment rate' refers to:

A) Number of unemployed people divided by total population.

B) Number of unemployed people divided by labour force.

C) Number of unemployed people divided by work force.

D) Number of unemployed people divided population under 60 years.

• question_answer29) 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 incomplete.

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

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

• question_answer30) Which of the following states has minimum life expectancy at birth?

A) Bihar

D) Jharkhand

 Which of the following are not true about Gender Inequality Index (Gil)? 1. It capture the loss in achievement due to gender disparities in the areas of reproductive health, empowerment and labour force participation. 2. The value 'Zero' in this index indicates perfect equality, while 'one' is total inequality. 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

 Consider the following statements- 1. Census is the subject of Union List and is carried out on a decennial basis, but it is the responsibility of the State governments to provide necessary workforce to the Census Commissioner for the Census purpose. 2. Registration of Birth and Deaths is the subject of Concurrent List which is done under the System Registration System, under the administrative control of the Office of Registrar General and Census Commissioner of India. Which of the statements given above is/are correct?

A) 1 only

B) 2 only

C) 1 and 2 both

D) none of them

 Consider the following statements: I. HDI is broadly an average of social aggregates/average of longevity, knowledge and access to resources. II. The average of Life Expectancy Index (LEI), Education attainment and standard of living index is known as Human Development Index (HDI). Which of the above statements is/are correct?

A) Only I

B) Only II

C) Both I and II

D) neither I nor II

• question_answer34) Open market operation of RBI dos not include-

A) Buying of securities from the market

B) Selling of securities in the market

C) Both

D) None of these

 In recent months the term 'quantitative easing' frequently appears in Newspapers. Which of the following are true about such term 1. It aims at reviving consumer spending and economic growth 2. It involves cut down of interest rate by central bank 3. It may also involve selling of government securities by central bank. 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

 Consider the following: 1. The more the CRR, the less the money available for lending by the banks to players in the economy. 2. In a regime of moderate inflation, high CRR is in place. Which of these statements is/are correct?

A) Only 1

B) Only 2

C) Both 1 and 2

D) neither 1 nor 2

A) Defence and security related products.

B) Drugs and narcotics

C) Goods which are essentially required as these are not produced domestically.

D) Goods, the imports of which will negatively impact the domestic manufacturers.

 The self-help group bank linkage programme has been emerged as the major micro finance programme in the country. It is being implemented by: 1. Commercial banks 2. Regional-rural banks 3. Cooperative banks Choose the correct one:

A) Only 1 and 2

B) Only 2 and 3

C) All 1, 2 and 3

D) Only 1 and 3

• question_answer39) Match List I and List II and select the correct code:

 List-1 List-II A. Lead Bank Scheme 1. A public sector bank acts as a consortium leader to coordinate developmental activities in a district. B. Service Area Approach 2. Private local banks with jurisdiction over two (or) three contiguous districts. C. Local Area Bank 3. To meet the needs of weaker sections of rural population viz small and marginal D. Regional Banks 4. All rural and semi urban branches of banks are to provide credit availability and overall development to cluster of villages.
Select the correct answer using the codes given below:

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

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

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

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

 Which of the following is/are the functions of RBI? 1. Banker and debt manager to central government. 2. It issues new currencies from time to time. 3. It acts as banker?s bank for scheduled banks. Select the correct answer using the codes given below:

A) 1 and 2 only

B) 2 and 3 only

C) 2 only

D) 3 only

 NABARD 1. Is an apex institution accredited with all matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas. 2. Is an apex refinancing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas 3. Takes measures towards institution building for improving absorptive capacity of the credit delivery system, including monitoring, formulation of rehabilitation schemes, restructuring of credit institutions, training of personnel, etc. 4. Co-ordinates the rural financing activities of all the institutions engaged in developmental work at the field level and maintains liaison with Government of India, State governments, Reserve Bank of India and other national level institutions concerned with policy formulation. Which of the statements given above is/are correct?

A) 1, 2, 3

B) 2, 3, 4

C) 1, 2, 3, 4

D) 1, 3, 4

 Consider the following statements with regard to Statutory Liquidity Ratio [SLR]: 1. To meet SLR, commercial banks can use cash only. 2. SLR is maintained by the banks with themselves. 3. SLR restricts the banks' leverage in pumping more money into the economy. Which one of these statements is/are correct?

A) 1, 2 and 3

B) 1 and 3

C) 2 and 3

D) 2 only

A) A core banking term associated with the pragmatic difficulties arising out of a situation where excessive customer base development clubbed with lack of proportionate staff support.

B) Over dependence of a country on the World Bank and other international monetary institutions for all plan expenditure.

C) A situation where banks lead to a liquidation stage due to general recessive nature of an economy of the country where it has its base.

D) None of the above

A) Share trading by promoters of a company.

B) Domestic selling of goods by SEZs established for export promotion.

C) Secret and clandestine trade by smugglers.

D) Share trading by people who have confidential information about the company.

• question_answer45) Which of the following insurance companies is not the subsidiary of the General Insurance Company of India?

A) National Insurance Company Limited

B) New India Assurance Company Limited

C) Oriental Insurance Company Limited

D) Life Insurance Corporation of India Limited

• question_answer46) The acronym SRO, being used in the capital market for various market participants, stands for which one of the followings?

A) Self-Regulatory Organisations

B) Small Revenue Operators

C) Securities Roll-back Operators

D) Securities Regulatory Organisations.

• question_answer47) The WTO follows the principle of self-selection'. This means:

A) Countries decides to which agreement they want to be party.

B) Countries decide the rate of tariff and tariff reduction

C) Countries themselves decide whether they want to be in developed or developing categories.

D) None of the above

 Consider the following statements about the Indian Capital Market. 1. Primary Market in India is mainly dealt in the new issues and debentures. 2. Primary Market in India is supervised by the Insurance Regulatory Development Authority. 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

• question_answer49) Which one of the following is correct about the LIBOR in the international Capital Market?

A) It is the average interest rate estimated by leading banks in London

B) It is the mechanism of calculation of the interest subvention given to loans in the international market

C) It is the credit given to the oil importers in the world petroleum market

D) All the above

• question_answer50) How do we define the terms "bull and bear" with regard to stock markets?

A) A bull is an optimistic operator who first buys and then sells shares in expectation of the price going up; a bear is a pessimistic market operator who sells the shares in expectation of buying them back at a lower price

B) There is nothing significantly different as both operate in the capital market

C) Bull is one who first sells a share and then buys it at a lower price; bear means one who first buys and then sells it in expectation of prices going up

D) A bull is ready to buy any share; a bear only deals in government securities

• question_answer51) Which one of the following statements is not correct?

A) The National Association of Securities Dealers Automated Quotations known as NASDAQ, is an American Stock Exchange

B) Nikkei is the stock market index for the Tokyo Stock Exchange

C) S and P CNX Nifty is the Index for 50 large companies on the Bombay Stock Exchange

D) Hang Seng Indexes record daily changes of the largest companies of the Hong Kong Stock market

 Consider the following statements. 1. India's current account has been negative in most of the years 2. India's foreign exchange reserves are increasing due to surplus in capital account Which of the statements is/are correct?

A) Only 1

B) Only 2

C) Both 1 and 2

D) neither 1 nor 2

 With reference to foreign portfolio investments (FPI), consider the following statements : 1. FPIs are more volatile than loans from international financial institutions. 2. Foreign Direct Investments are part of FPIs. 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

• question_answer54) The term 'narrow banking' is best described as

A) Banks acting only as payment banks

B) Banking by non-banking financial companies

C) Limited areas of operation by banks

D) banks? lending only to risk free sectors

 Consider the following: 1. There are five Statutory Commodity Boards under the Department of Commerce. 2. These Boards are responsible for production development and export of tea, coffee, rubber, spices and tobacco. Which of these statements is/are correct?

A) Only 1

B) Only 2

C) Both 1 and 2

D) neither 1 nor 2

 India has Trade surplus with 1. U.S 2. U.A.E 3. Singapore 4. China Select the correct answer using the codes given below:

A) 1 only

B) 1 and 2

C) 1 and 3

D) 1, 2, 3, 4

• question_answer57) Which of the following statement(s) correctly express the difference between FII and FDI?

A) FII helps bring better management skills and technology, while FDI only brings in capital

B) FDI flows only into the secondary markets, while FII targets primary market.

C) FII is considered to be more stable than FDI

D) None of the above

• question_answer58) Which of the following is the main component of Foreign Exchange Reserves?

A) Foreign Currency Assets

B) Gold

C) Special Drawing Rights

D) Reserve Tranche Position

 Consider the following statements regarding Offshore Banking Unit: 1. Offshore banking unit (OBU) is the branch of an Indian bank located in a special economic zone (SEZ), with a special set of rules aimed at facilitating exports from the region. 2. An OBU can accept foreign currency for business but not domestic deposits from local residents. 3. In 2000, RBI instituted OBUs.

A) 1, 2 and 3 are correct

B) 2 and 3 are correct

C) 1 and 2 are correct

D) 1 and 3 are correct

• question_answer60) A country is said to be in a debt trap if

A) It has to abide by the conditionality imposed by the International Monetary Fund

B) It has to borrow to make interest payments on outstanding loans

C) It has been refused loans or aid by creditors abroad

D) The World Bank charges a very high rate of interest on outstanding as well as new loans.

 If indirect taxes in an economy are increased, then which of the following can occur? 1. GDP at factor cost increases 2. GDP at factor cost decreases 3. GDP at market price increases 4. GDP at market price decreases Select the correct answer using the codes given below.

A) 1 only

B) 2 and 3 only

C) 3 only

D) 4 only

 Which of the following is/are correct about Pradhan Mantri Swasthya Suraksha Yojana (PMSSY)? 1. It aimed at correcting the regional imbalances in the availability of affordable healthcare facilities. 2. It involves construction of new AIIMS like institutions. 3. Under this programme, there is no provision to undertake up gradation of existing medical college institutions. 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

 Which of the following is/are correct about Rajiv Gandhi Scheme for Empowerment of Adolescent Girls? 1. It covers girls in the age group of 11 -18 years 2. Non-nutritional services like health check up, health education, counseling on family welfare are not provided under this scheme 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

• question_answer64) Which of the following is not an objective of the Rajiv Gandhi Grameen Vidyutikaran Yojana for Rural Electricity Infrastructure and Household Electrification?

A) Creation of Rural Electricity Distribution Backbone

B) Creation of Village Electricity Infrastructure

C) Provision of free electricity to village clubs and libraries

D) Electrification of all un electrified BPL house holds

A) It provides connectivity to all the unconnected habitations of more than 1000 persons in the rural areas by good quality all-weather roads

B) It was launched in 2005 as a fully funded centrally sponsored scheme

C) It provides connectivity to all unconnected habitations of more than 250 persons in the hilly and desert areas by good quality all-weather roads

D) Both 'a' and 'c'

 Equity market instruments help in financing a firm. Which of these is/are equity market instruments? 1. Bonds 2. Shares 3. Debentures Select the correct answer using the codes given below.

A) 1 and 2 only

B) 2 only

C) 2 and 3 only

D) 1, 2 and 3

 What were the reasons of failure of land reform in India: 1. Lack of political will power. 2. Problem at implemental level. 3. Poor land records Choose the correct one:

A) Only 1

B) Only 2

C) Only 1 and 2

D) All 1, 2 and. 3

• question_answer68) Which among the following is the largest food grain producing state of India?

B) Punjab

D) Rajasthan

A) Sown in July and harvested in October

B) Sown in October and harvested in March

C) Sown in March and Harvested in July

D) Sown in September and harvested in February Sown in July and harvested in October

 Which of the following is/are the strategies to control inflation? 1. Rationalization of Government support to farmers. 2. Reduction of fiscal deficit. 3. Maintaining prices through administered price mechanisms. 4. Improving the efficiency of public programmes and breaking the wage-price spiral. Select the correct answer using the codes given below:

A) 1, 2 and 3 only

B) 2, 3 and 4 only

C) 1, 2 and 4 only

D) 1, 2, 3 and 4

 India continues to be dependent on imports to meet the requirement of oilseeds in the country because 1. Farmers prefer to grow food grains with highly remunerative support prices 2. Most of the cultivation of oilseed crops continues to be dependent on rainfall 3. Oil from the seeds of tree origin and rice bran have remained unexploited 4. It is far cheaper to import oilseeds than to cultivate the oilseed crops Which of the statements given above is/ are correct?

A) 1 and 2

B) 1, 2 and 3

C) 3 and 4

D) 1, 2, 3 and 4

 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

B) 1 and 3 only

C) 2 and 3 only

D) 1, 2 and 3

A) An agency of stake holders in each district working towards sustainable agricultural development

B) A society of agriculture graduates involved in spreading awareness among farmers about new research in farm techniques

C) An agency of states working for agricultural extension works

D) All of the above

 Consider the following statements about the National Mission for Sustainable Agriculture (NMSA) started in Indian 2010. 1. National Mission for Sustainable Agriculture (NMSA) aims at enhancing food security and protection of resources such as land, water, biodiversity, and genetic resources. 2. National Mission for Sustainable Agriculture (NMSA) is one of the very important programme under the National Action Programme on Climate Change. 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

 Examine the two statements Assertion : Disguised unemployment is a common feature of Indian Agriculture Reason (R): India has been relatively slow in implementing farm mechanization

A) Both A & R are true and R is the correct explanation for A

B) Both A &R are true and R is not the correct explanation for A

C) A is true and R is false

D) A is false and R is true

 Examine the two statements Assertion : Disguised unemployment is a common feature of Indian Agriculture Reason (R): India has been relatively slow in implementing farm mechanization

A) Both A & R are true and R is the correct explanation for A

B) Both A & R are true and R is not the correct explanation for A.

C) A is true and R is false

D) A is false and R is true

 Examine the two statements Assertion (A) : Disguised unemployment is a common feature of Indian Agriculture Reason (R): India has been relatively slow in implementing farm mechanization

A)  Both A & R are true and R is the correct explanation for A

B)  Both A & R are true and R is not the correct explanation for A

C)  A is true and R is false

D)  A is false and R is true

 With reference to pulses, consider the following statements: 1. India is the largest producer of pulses. 2. India imports pulses to meet its domestic demand. 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

 The government provides subsidies in various sectors. Which of the following are the effects of subsidies? 1. It increases inflation 2. It increases fiscal deficit 3. It decreases export competitiveness Select the correct answer using the codes given below.

A) 1 and 2 only

B) 2 only

C) 2 and 3 only

D) 1, 2 and 3

• question_answer80) In some parts of our country, apart from Rabi and Kharif Zaid crop is grown from March to June. Which among the following comes under Zaid crop?

A) Barley

B) Soya bean

C) Muskmelon

 Consider the following: 1. Most of the sick industries are in large scale industries. 2. Net worth of an industry is equal to paid up capital + Reserves. Which of the state mentis is/are correct?

A) Only 1

B) Only 2

C) Both 1 and 2

D) neither 1 nor 2

 Consider the following statements: 1. Achieving minimum agricultural growth is a pre-requisite for inclusive growth in India 2. Increased productivity and technology diffusion is necessary for achieving higher growth in agricultural Sector. 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

 Under the Companies Act of 2013, 1. Every Company whose net worth is above 500 crore and net profit of 5 crore should spend at least 2% of its average net profits for the last 3 financial years towards Corporate Social Responsibility (CSR) activities. 2. CSR provisions shall be applicable to every Indian Company only. Which of the statement given above is/are incorrect?

A) 1 only

B) 2 only

C) Both 1 and 2

D) neither 1 nor 2

 Select the incorrect one/ones about the importance of the Indian textile industry from the given list of items: 1. The sector contributes 8 percent of industrial production, 4 percent of GDP and over 15 percent of country's export earnings. 2. It provides direct employment to over 35 million people - the third largest provider of employment after agriculture.
Codes:

A) Only 1

B) Only 2

C) 1 and 2

D) neither 1 nor 2

 Consider the following statements: 1. The first Petrochemical Industry in India has started with the establishment of National Organic Chemical Industry Limited in decades sixties. 2. The real importance of Petrochemical Industry in India shown with the establishment of Indian Petrochemicals Corporation Limited (IPCL) at Baroda. 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

 Consider the following statements about Tata Steel 1. It is the Asia's first privately owned integrated Iron and steel plant. 2. It is the first company outside Japan to get the Deming Application Prize in 2008 for excellence in total quality management. 3. Immediately after the enactment of the Provident Fund Law in India, Tata steel introduced provident fund for its employees. 4. It is the first company in the world to get social accountability 8000 certification from the Social Accountability International from the USA. Which of the statements given above is/are correct.

A) 1, 2, 3 and 4

B) 1, 2 and 3

C) 2 and 3

D) 3 and 4

 Consider the following: 1. Ministerial conference in the highest decision-making body of the WTO which usually meets once every two years. 2. Its headquarters is in Geneva Which of these statements is/are correct?

A) Only 1

B) Only 2

C) Both 1 and 2

D) neither 1 nor 2

 Consider the following statements: 1. The UNCTAD is a permanent organisation of UNO (United Nations Organisation) 2. it?s headquarter is located in Geneva. 3. It promotes international trade. 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

 Consider the following regarding the objectives of International Finance Corporation (IFC): 1. To provide loans to private sector. 2. To coordinate capital and management. 3. To induce capitalist countries to invest in developing countries. Choose the correct one:

A) Only 1

B) Only 1 and 3

C) Only 2 and 3

D) All 1, 2 and 3

 With reference to contribution from taxes, consider the following statements: 1. Contribution from direct taxes is more than mat from indirect taxes. 2. Corporation tax is the largest contributor. 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

• question_answer91) 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

 Consider the following statements 1. Technical Barriers to Trade (TBT) are the category of non-tariff barriers to trade under the WTO agreements. 2. TBT have the greatest impact on agriculture due to sanitary and phytosanitary measures designed to protect humans, animals, and plants, from diseases, pests, and other contaminants. 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

 Consider the following barriers 1. Anti-dumping practice 2. Packaging, labeling, and making standards 3. Charges on imports 4. Rules of origin 5. Sanitary and phyto-sanitary conditions Which of the barriers given above is/are come under the Non-Tarif F Barriers (NTBs) of WTO?

A) 1, 2, 3 and 5

B) 1, 3, 4 and 5

C) 2, 3, 4 and 5

D) All of these

 A rise in general level of prices may be caused by 1. An increase in the money supply. 2. A decrease in the aggregate level of output. 3. An increase in the effective demand. Select the correct answer using the codes given below

A) Only 1

B) 1 and 2

C) 2 and 3

D) All of these

 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

B) Only 2

C) Both 1 and 2

D) neither 1 nor 2

• question_answer96) To combat raising inflation, RBI has to do which of the following activities?

A) Increase bank rate

B) Sell government securities

C) Increase reserve ratios

D) All of above

• question_answer97) With reference to the economy, the Core inflation is considered to be a better indicator than the headline inflation because:

A) Core Inflation includes certain items that are subject to sudden and short-lived price movements

B) Core Inflation excludes certain items that are subject to sudden and short-lived price movements

C) Core inflation has a wider basket of items

A) Poverty in terms of absolute number of people

B) Poverty in terms of the basic minimum calorie requirements

C) Poverty in terms of the prevailing price level

D) Poverty in terms of the absolute level of unemployment

• question_answer99) Which one of the following is correct about the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)?

A) Mahatma Gandhi National Rural Employment Guarantee Act was notified in 200 districts in the first phase in 2005

B) MGNREGS mandates 33% participation for women

C) Mahatma Gandhi National Rural Employment Guarantee Act has been notified throughout the country with effect from 1 April, 2008.

D) Both 'b' and 'c'

• question_answer100) Select the incorrect statement regarding the threshold rate of inflation' in India:

A) It may be seen as the 'spill over effects of headline inflation.

B) Inflation going beyond the upper limit of the comfort zone.

C) Other sector gets the effects of higher inflation.

D) [a] and [b] both