# SSC Economics Sample Paper

 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

 The term used interchangeably for the 'inclusive growth' is: 1. Shared growth 2. Broad based growth 3. Pro-poor growth Choose the correct one:

A) Only 1

B) Only 1 and 3

C) Only 2

D) All 1, 2 and 3

• 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.

 Which of the following interest rates is still regulated? 1. Savings account interest rate 2. Fixed deposit interest rate 3. Current account interest rate Select the correct answer using the codes given below.

A) 1 only

B) 1 and 2 only

C) 3 only

D) None

• question_answer5) International Development Association (IDA) is called the 'soft' window of the World Bank (WB) because

A) It lends for software and it development

B) Taking loans from it is very easy

C) Its loans are interest free

D) None

 Public Distribution System (PDS) means distribution of essential commodities to a large number of people through a network of Fair Price Shops on a recurring basis. The Commodities distributed under PDS are: (1) Wheat (2) Rice (3) Sugar (4) Pulses (5) Kerosene Select the correct option:

A) 1, 2 and 4

B) 1, 2, 3 and 4

C) 1, 2, 3 and 5

D) All of the above

 Development expenditure would include 1. Expenditure on building roads. 2. Debt service liabilities. 3. Grants-in-aid. 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

• question_answer8) Which of the statements given below is/are incorrect?

A) NDP = GDP $-$ depreciation

B) GNP = GDP + Net income from abroad

C) NNP = GNP + depreciation

D) Per capita income of the Nation = NNP/Total population

• question_answer9) Which of the following represents disposable income?

A) Personal Income added with direct tax.

B) Personal Income minus direct tax.

C) Personal income minus personal current taxes

D) Personal income minus indirect tax.

• question_answer10) Net Domestic Product of the economy will tend to be more than the Net National Product if

A) The level of production in the private sector of the economy increases

B) The level of production in the public sector of the economy increases

C) The level of production in both organised and unorganised sectors of the economy increases

D) The net earnings from abroad are negative

 Consider the following statements and identify the correct one: 1. The ratio of proportionate change in tax revenue to proportionate change in GDP is known as tax Elasticity. 2. The ratio of proportionate change in adjusted tax revenue to proportionate change in GDP is known as tax Buoyancy. 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

 The government has powers under the Essential Commodities Act, 1955 (EC Act) to declare a commodity as an essential commodity to ensure its availability to people at fair price. The Commodities covered under the Act include 1. Paper 2. Hank Yam 3. Fertilizers 4. Petroleum and Petroleum Products 5. Cotton and Jute seeds

A) 1, 2 and 3

B) 1, 3 and 4

C) 3, 4 and 5

D) 2, 3, 4 and 5 Option

 The Non-Votable charges or 'Charged Expenditure' included in the Union Budget include : 1. Salary and Allowances of the Presiding Officers of the houses of Parliament. 2. Salary and Allowances of the Judges of the Supreme Court and High Courts. 3. Salary and Allowances of the CAG. 4. Pension of the retired Judges of the Supreme Court. 5. Pension of the retired Judges of High Courts. Select the option(s) which is/are correct?

A) 1 and 2

B) 1, 2 and 3

C) 1, 2, 3 and 4

D) All of them

 Under the system of Laisez faire: 1. All economic decisions are left to market. 2. The government has negligible role. Choose the correct one:

A) Only 1

B) Only 2

C) Both 1 and 2

D) neither 1 nor 2

 With reference to narrow money, consider the following statements: 1. They are highly liquid. 2. Banks run their lending programme mainly with this money. 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

 Which of the following (s) is/are true about performance of 11th Five year Plan? 1. It accelerated the agricultural growth significantly. 2. It lowered down the poverty at much faster rate. 3. Real wages in agriculture have shown northward trend. 4. It achieved an overall growth rate of 7.9 percent. Select the correct answer using the codes given below:

A) 1 and 4 only

B) 1, 2, and 3 only

C) 2 and 3 only

D) All of the above

 Consider the following statements: 1. Agriculture was much emphasized in second five year plan 2. The emphasis was given to industries in first 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

 Credit Default Swaps (CDS) can be beneficial for an economy as they 1. Helps in redistribution of loans. 2. Enhance investment opportunities 3. Leads to loan waivers. 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

• question_answer19) What is the correct decreasing order of important taxes with respect to tax revenue collected by the government?

A) Central Excise, Customs duty, Service tax, Corporation tax

B) Corporation tax. Income tax, customs duty, Central Excise

C) Income tax, Corporation tax, customs duty, Central Excise

D) Corporation tax. Income tax. Service tax. Customs duty

 The salient features of Direct Tax Code bill include: 1. It indicates stability in direct tax rates. 2. It strengthens taxation provisions for international transactions. Choose the correct one:

A) Only 1

B) Only 2

C) Both 1 and 2

D) neither 1 nor 2

 Consider the following regarding zero-based budgeting: 1. It was first adopted by Jimmy Carter in US. 2. It was introduced as a concept by Peter Phyrr. 3. According to the concept, government prepares budget in such a way that there is no budget in the past so that each item of expenditure on its merit rather than with reference to the past. 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 Capital Expenditure of the central government includes: 1. Creation of physical assets 2. Loans to state governments 3. Repayment of loans 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

 Monetized deficit means: 1. Borrowings made from the RBI. 2. It is resorted to when the government finds it difficult to borrow from the market. Which of these statements is/are correct?

A) Only 1

B) Only 2

C) Both 1 and 2

D) neither 1 nor 2

 Non-tax revenues of the central government consists of 1. Interest and dividend receipts 2. Receipts for the supply of central police force 3. Royalty from offshore oil fields 4. Registration of companies. Select the correct answer using the codes given below:

A) 1 only

B) 1 and 2 only

C) 1, 2 and 3

D) 1, 2, 3, 4

 Consider the following statements in respect of the Fiscal Responsibility and Budget Management Act: (1) It lays down limits for revenue deficit and fiscal deficit as a percentage of GDP (2) It applies to both Central and State Governments (3) It does not permit the Central Government to give guarantees to loans raised by PSUs and State Governments beyond 0.5 percent of GDP (4) It prescribes an upper limit for the liabilities of the government. Which of these statements are correct?

A) 1 and 3 only

B) 1, 2, 3 and 4

C) 2 and 4 only

D) 1, 3 and 4

 Consider the following statements regarding fiscal Policy; 1. Fiscal consolidation means improvement in government finances and maintaining the same. 2. Fiscal consolidation is critical as it can enable government to spend more on infrastructure and social sectors. 3. Tax reforms, disinvestment, better targeting of subsidies are the hallmarks of fiscal consolidation. 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

• question_answer27) Direct taxation is a better form of taxation because:

A) It fetches more revenue

B) It can be more easily collected

C) It allows for taxation according to means

D) It has greater tax compliance

 In context of the present ceiling on investment for categorization of various enterprises as Micro, Small and Medium Manufacturing Enterprises (MSMEs), which of the following statements are correct: 1. A micro enterprise is an enterprise where the investment in equipment does not exceed Rs. 25 lakh. 2. A small enterprise is an enterprise where the investment in equipment is more than Rs. 25 lakh but does not exceed Rs. 5 crore. 3. A medium enterprise is an enterprise where the investment in equipment is more than Rs. 5 crore but does not exceed Rs. 10 crore.

A) Only 1

B) Only 2

C) Only 3

D) All of them

• question_answer29) According to the theory of optimum population, population in a country will be optimum at the level at which-

A) Its per capita income is maximum

B) Its national income is maximum

C) Its national wealth is maximum

D) None of these

• question_answer30) Which of the following statements regarding the 'Viability Gap Funding Scheme (VGF)' is not true?

A) Under VGF, the central government meets up to 20% of capital cost of a project being implemented in public private partnership (PPP) mode

B) The scheme is administered by the ministry of finance.

C) Sectors eligible for VGF are Infrastructure, health and education.

D) VGF is a force multiplier, enabling government to leverage its resources more effectively.

• question_answer31) Twin deficit in a economy means

A) High current account deficit and high fiscal deficit.

B) High capital account deficit and high fiscal deficit.

C) High current account deficit and high capital account deficit.

D) high budget deficit and high fiscal deficit.

 Indian Currency Printing Institutions are located in which of the following places? (1) Nasik (2) Mysore (3) Salboni (4) Aurangabad (5) Dewas Select the correct option:

A) 1, 2 and 4

B) 1, 2, 3 and 4

C) 1, 2, 3 and 5

D) All of the above

• question_answer33) What is the correct sequence of states on the basis of population size of the state?

A) Uttar Pradesh, Bihar, Maharashtra, West Bengal

B) Uttar Pradesh, Maharashtra, Bihar, West Bengal

C) Uttar Pradesh, West Bengal, Maharashtra, Bihar

D) Uttar Pradesh, Maharashtra, West Bengal, Bihar

 Consider the following reasons 1. Lack of irrigation facilities, low productivity of land. 2. Single crop mode of cultivation 3. Indian Agriculture's dependence on the monsoon. Which of the reasons given above is/are responsible for the migration of people from rural to urban areas for the search of livelihood in Indian Economy?

A) 1, 2 and 3

B) 1 and 3

C) 2 and 3

D) Only 2

 The securities approved to be kept as a pledge for satisfying SLR (Statutory Liquidity Ratio) norms includes 1. Government security is a tradable instrument issued by the Central Government or the State Governments 2. The Central Government issues both, treasury bills and bonds or dated securities 3. The State Governments issue only bonds or dated securities, which are called the State Development Loans 4. Government securities are called risk-free gilt-edged instruments. Select the correct answer using the codes given below:

A) 1, 2 and 3 only

B) 1, 2 and 4 only

C) 1, 3 and 4 only

D) 1, 2, 3 and 4

 Consider the following statements: 1. CRR (Cash reserve Ratio) deposits in RBI earn interest for banks. 2. OMO (Open market operations) of the RBI is nothing but purchase and sale of Government Securities in the open market. Which of the statements given above is/are incorrect?

A) 1 only

B) 2 only

C) Both 1 and 2

D) neither 1 nor 2

 India and Japan have expanded their bilateral 'Currency Swap Agreement' designed to help each other in the event of a FOREX crisis or a short-term liquidity crisis. Under this Agreement 1. Bank of Japan will give dollars for rupees to the RBI 2. Bank of Japan will give dollars to Indian Infrastructure companies for importing. 3. RBI will take yen and give rupees to Bank of Japan 4. When FOREX reserves deplete in India of Japan this agreement will become operative. Select the correct statements using the codes given below:

A) 1 and 2 only

B) 2 and 3 only

C) 1 and 4 only

D) 3 and 4 only

• question_answer38) Which of the following banks was not nationalised in I969?

B) Bank of Maharashtra

C) Union Bank of India

D) Corporation Bank

 Which of the following are the provisions of SARFAESI Act which enables banks to reduce their non-performing assets (NPAs)? 1. Enforcement of Security Interest by secured creditor (Banks/ Financial Institutions). 2. Transfer of non-performing assets to asset re-construction company, which will then dispose of those assets and realise the proceeds. 3. To provide a legal framework for securitization of assets. 4. Assisting banks in making the credibility track record of customers under Credit Information Bureau of India (CIBIL).

A) 1 and 2

B) 1, 2 and 3

C) 2, 3 and 4

D) 1, 2, 3 and 4

 The determinants of interest rates are 1. Inflation 2. Growth rate 3. Savings percentage 4. Government's borrowing need 5. Demand 6. Global economic trends Select the correct answer using the codes given below:

A) 1, 2 and 3 only

B) 2, 3 and 5 only

C) 5 and 6 only

D) 1, 2, 3, 4, 5 and 6

 Which of the following prices is/are fixed by the central government? 1. Maximum Retail Price (MRP) 2. Minimum Support Price (MSP) 3. Fair and Remunerative Price (FRP) Select the correct answer using the codes given below.

A) 1 and 2 only

B) 1 and 3 only

C) 2 only

D) 2 and 3 only

• question_answer42) The first indigenous bank which came into existence in 1894 was the

A) Central Bank of India

B) Punjab National Bank

C) Reserve Bank of India

D) Imperial Bank of India

 Consider the following statements: 1. In India, the RBI is planning to introduce one billion pieces of Rs.10 notes in polymer or plastic on a trial basis in Kochi, Mysore, Jaipur, Bhubaneswar and Shimla. 2. Polymer notes would be suitable for, 'tropical and sub-tropical conditions' and the lifeline could be more than four times longer than their paper equivalent for even lower denomination notes which are used more frequently. 3. Pioneered by Australia, the plastic currency notes are already in use across a number of other countries, including Singapore, Canada, New Zealand, Malaysia, Vietnam, Fiji, Brunei, Papua New Guinea and Romania. Select the correct answer using the codes given below:

A) Only 3

B) 1 and 2

C) 2 and 3

D) All the above

 Consider the following functions : (1) Issue of bank notes of all denominations (2) Lender of the last resort (3) Underwrite the loans of state and central governments (4) Periodic inspection of Commercial banks. Which of the above are functions of the Reserve Bank of India?

A) 1, 2 and 4

B) 1 and 4

C) 1, 2, 3 and 4

D) 1 and 3

 Consider the following statements 1. External Commercial Borrowings are being permitted as an additional source of funds to all Indian Corporates and PSUs. 2. The Government of India permits ECBs as a source of finance for Indian Corporates for expansion of existing capacity as well as for fresh investment. 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_answer46) The Forwards market Commission (FMC), which regulates commodity trading, is under the

A) Ministry of agriculture

B) Ministry of finance

C) Ministry of corporate affairs

D) Ministry of consumer affairs.

• question_answer47) Which among the following is a correct definition of Fiduciary Issue of notes?

A) The issue of currency notes without metallic backing.

B) The issue of currency notes with metallic backing.

C) The issue of currency notes with partial metallic backing.

D) The issue of currency notes with proportional metallic backing.

 Consider the following statements about Indian Depository Receipts (IDRs): 1. They allow foreign investors to invest in Indian companies. 2. They are denominated in Indian Rupees. 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_answer49) The oldest stock exchange of India is:

A) Bombay Stock Exchange

C) Bangalore Stock Exchange

 Micro-finance includes which of the following? 1. Small loans 2. Small deposits 3. Money transfer 4. Payment services Select the correct answer using the codes given below.

A) 1, 2 and 3 only

B) 1, 3 and 4 only

C) 2, 3 and 4 only

D) 1, 2, 3 and 4

 Consider the following Statements regarding 'Take-Out Financing': 1. It is for infrastructure projects which have long gestation period. 2. It helps to prevent any possible asset-liability mismatch. 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

• question_answer52) Which one of the following is not correctly matched

A)

 List- I List- II NCDEX Agri-commodity Exchange

B)

 List- I List- II MCX Multi Commodity Exchange

C)

 List- I List- II NYSE NIFTY

D)

 List- I List- II BSE SENSEX

 Which among the following are the wholly/partly owned subsidiaries of the Reserve Bank of India (RBI)? 1. Deposit Insurance and Credit Guarantee Corporation (DICGC) 2. National Housing Bank (NHB) 3. National Bank for Agriculture and Rural Development (NABARD) 4. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)

A) 1 and 4

B) 1, 2 and 4

C) 2, 3 and 4

D) All of them

A) Service

B) Telecommunication

C) Computer software and hardware

D) Infrastructure

 Consider the following: 1. The World Bank constituted India Aid club in 1950 to provide financial assistance to India 2. Aid India Club was a consortium of the major lending countries. Which of these statements is/are correct?

A) Only 1

B) Only 2

C) Both 1 and 2

D) neither 1 nor 2

 Inclusive growth is an important objective of the development process. In this context, which of the following would amount to inclusive growth? 1. Poverty reduction 2. Disinvestment 3. Good governance 4. Skill building Select the correct answer using the codes given below.

A) 1, 2 and 3 only

B) 1, 3 and 4 only

C) 2, 3 and 4 only

D) 1, 2 and 4 only

 Which of the following are true about Special Economic Zone (SEZ) in India, under the SEZ Act-2005? 1. It is basically duty free enclaves for establishing both manufacturing and service industries. 2. It is considered as foreign territories only for foreign trade; domestic sales from the zones are subject to full customs duty and import policy in force. 3. It offers full freedom for sub-contracting. 4. No routine examination by customs authorities of export/import cargo. Select the correct answer using the codes given below:

A) 1, 2 and 3 only

B) 2, 3 and 4 only

C) 1 and 4 only

D) 1, 2, 3 and 4

• question_answer58) National treatment (NT) is an important policy of WTO. NT means

A) All countries must not discriminate between imported and domestic product

B) WTO members must not discriminate between imported and domestic product

C) Exported products of a WTO member state must not be discriminate by other member via-a-vis domestic products

D) Both [b] & [c]

 Consider the following statements regarding 'exit options' to the foreign investors. 1. The Non-resident investors of listed companies can exit at the market price prevailing at the stock exchanges. 2. The lock-in period for defence and construction sector has been kept at 3 years unlike the other sectors where it will be at least a year. Which of the statement given above is/are correct?

A) 1 only

B) 2 only

C) Both 1 and 2

D) neither 1 nor 2

 What would be the consequences of increasing the export subsidies? 1. The exports would become cheaper. 2. Exports would become more competitive. 3. There would be more inflow of foreign exchange. 4. The domestic sectors of the country to which the subsidised goods are exported to, would be adversely affected. Which of the above statements is or are correct?

A) 1, 2, 3

B) 1, 2, 4

C) 2, 3, 4

D) 1, 2, 3, 4

• question_answer61) By devaluation we mean

A) A fall in the domestic value of a currency

B) A fall in the external value of a currency caused by the market forces

C) A fall in the external value of a currency caused by the government action

D) None of the above

 Consider the following statement regarding the (Foreign Investment Promotion Board) FIPB: 1. FIPB's functions are concerned with FDI (Foreign Direct Investment) through both automatic and government approval route. 2. Recommendations of FIPB for proposals up to Rs. 1200 crore are approved by Minister of Finance. 3. Recommendations for proposals of more than Rs. 1200 crore needs to be approved by Cabinet Committee on Economic Affairs (CCEA). 4. FIPB is mandated to play an important role in the administration and implementation of the Government's FDI policy. Which of the above statements is or are correct?

A) 1, 2, 3

B) 2, 3, 4

C) 1, 2, 4

D) 1, 3, 4

 National Rural Livelihood Mission renamed as Aajeevika and implemented in mission mode across the country since 2011. The features of Aajeevika include 1. One male member from each identified rural poor household to be brought under the SHG network. 2. It ensures 50% of beneficiaries are selected from set STs. 3. It promotes innovations.

A) 1 and 2 only

B) 2 and 3 only

C) 1 and 3 only

D) 1, 2 and 3

 Which of the following are statements) not true about Janashree Bima Yojana? 1. Both rural and urban poor persons below the poverty line are eligible under this scheme 2. Persons between the age 18 years and 59 years are eligible. 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 about the National Mission for Sustainable Agriculture (NMSA) started in India in 2010 1. National Mission for Sustainable Agriculture aims at enhancing food security and protection of resources such as land, water, biodiversity, and genetic resources. 2. National Mission for Sustainable Agriculture 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

 Which of the following about the National Food Security Mission (NFSM) launched by Indian Government are correct? 1. The initiatives taken by the government under the National Food Security Mission (NFSM) have resulted in an increase of 42 million tonnes in food grains production against a target of 20 million tonnes in the 11 Five-Year Plan. 2. The targets of 11th five year exceeded and it was extended to 12th five year plan in 2012. In the 12th Plan, NFSM aims at raising the food grain production by 25 million tone. Besides rice, wheat and pulses, NFSM proposes to cover coarse cereals and fodder crops during the 12th plan period (2012-17).
Codes:

A) Only 1

B) Only 2

C) Both 1 and 2

D) neither 1 nor 2

 Consider the following statements: 1. India produces 85% of its urea requirement but there is heavy dependence on imports for phosphatic and potassic fertilizers 2. Farmers pay less than 50% of the cost of fertilizer production. Which of these statements is/are correct?

A) Only 1

B) Only 2

C) Both 1 and 2

D) neither 1 nor 2

• question_answer68) The prices at which the government purchases food grains for maintaining the public distribution system and for building up buffer-stock is known as:

A) Minimum support prices

B) Procurement prices

C) Issue prices

D) Ceiling prices

• question_answer69) The Trade facilitation agreement (TFA) of the WTO says that farm subsidies cannot be more than 10 percent of the

A) Gross Domestic Product of a country.

B) Value of agricultural production.

C) National income of a country.

D) Value of agricultural exports.

 The Priority Sector Lending includes: 1. Small scale industry 2. Small business 3. Agricultural activities 4. Education Choose the correct one:

A) Only 1 and 3

B) Only 1, 2 and 3

C) Only 2, 3 and

D) All 1, 2, 3 and 4

 Which of the following is/are used as an indicator in calculating Multidimensional Poverty Index (MPI)? 1. Maternal Mortality 2. Nutrition 3. Access to Electricity 4. Access to Telephone Select the correct answer using the codes given below.

A) 1, 2 and 3 only

B) 1, 3 and 4 only

C) 2 and 3 only

D) 1, 2 and 4 only

• question_answer72) If there is a lack of money supply in comparison to the supply of goods and services, then the possible consequence would be?

A) Inflation

B) Deflation

C) Devaluation

D) Hyperinflation

• question_answer73) Non-performing assets of commercial banks mean their loans

A) Fetching very low rate of interests

B) For which interest/instalment has remained unpaid well after due date

C) Which have not been disbursed at all

D) Given to sick industrial units

 Consider the following statements regarding banking ombudsman Scheme in India: 1. The Banking Ombudsman Scheme was first introduced in India in 1996, and was revised in 2002. 2. The current scheme became operative from 1st January 2006, and replaced and superseded the banking Ombudsman Scheme 2002. 3. Banking Ombudsman is a quasi-judicial authority functioning under India's Banking Ombudsman Scheme 2006, and the authority was created pursuant to the a decision by the Government of India to enable resolution of complaints of customers of banks relating to certain services rendered by the banks. 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

 Which of the following activities would Small Industries Development Bank of India (SIDBI) undertake under the new rural industrialization programme? (1) Consultation in erecting the project (2) Providing marketing assistance and refinance facilities at later stage (3) Running the project during initial stage

A) Only 1 and 2

B) Only 2 and 3

C) Only 2

D) Only 1

 Consider the following statements 1. NABARD was established by the Act of Parliament to take over the role of Agricultural Refinance Development Corporation. 2. Rural Infrastructure Development Fund (RIDF) is managed by SIDBI. 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_answer77) Which one of the following statement is incorrect about Reverse Mortgage?

A) It is a kind of loan through which one can get cash flow serially in return for pledging a property to a bank.

B) It is the conveyance of an asset by a borrower to a lender as security for a loan.

C) This scheme originated in the USA.

D) The eligibility criteria set by the RBI states that the person should be above 60 years of age and own a home to avail this mortgage.

• question_answer78) Which of the following is not a correct difference between commercial banks and other financial institutions?

A) The deposits with the commercial banks can be withdrawn on demand or otherwise, whereas deposits kept with other financial institutions are normally contracted for a specified period

B) Commercial banks can accept cash deposit and all other negotiable instruments while other financial institutions can accept only cash deposit.

C) Commercial banks have day-to-day interactions with the customers while it is not so with financial institutions.

D) Commercial banks keep a ratio of their shares with the RBI while it is not so in the case of financial institutions.

• question_answer79) Select the incorrect statement taken from the Census 2011:

A) The proportion of child population has come down to 13.1 percent from 15.9 percent of the total population since the last Census.

B) 52 percent of the child population resides in the 5 states of India Uttar Pradesh, Bihar, Maharashtra, Madhya Pradesh and Rajasthan.

C) Child population registered a negative growth rate of 3.08 between 2001 and 2011.

D) Literacy rate has improved by 7.91 percent between 2001 and 2011.

• question_answer80) Which of the following is correct about second stage of the theory of Demographic Transition?

A) The gap between birth rate and death rate start increasing

B) The gap is maximum between birth rate and death rate

C) It is known as the stage of population explosion

D) All the above

 Consider the following statements regarding Capital Gain: 1. A capital gain tax is a voluntary tax payable on the sale of assets, investments, capital accumulation, and productivity. 2. In case of a long-term capital gain related to sale of property, factors such as inflation are usually taken into consideration. 3. If you sell an investment within four years from the date of its purchase, it will be defined as a short-term capital gain. 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.

 Read the following statements carefully about General Anti-Avoidance Rules (GAAR) and choose the correct statements from the codes given below 1. GAAR is a set of general rules enacted so as to check the tax avoidance. 2. Anti-Avoidance Rules are broadly divided into two categories namely 'General' and 'Specific'.

A) Only 1

B) Only 2

C) Both 1 and 2

D) neither 1 nor 2

 Consider the following: 1. Nationalisation of State Bank of India 2. Setting up of Subsidiaries of State Bank of India 3. Enactment of Banking Regulation Act 4. Nationalisation of a group of commercial banks The chronological order of their enactment/setting up is

A) 1, 2, 3, 4

B) 3, 2, 1, 4

C) 2, 1, 3, 4

D) 3, 1, 2, 4

• question_answer84) By financing of plan we mean

A) Raising financial resources to execute the programme incorporated in a plan

B) Matching financial resources to physical targets

C) Reducing the size of the plan to bring it in line with the available resources

D) Implementation and realisation of the plan targets

• question_answer85) The Planning Commission of India was set up on

A) 15th March 1948

B) 15th March 1950

C) 15th March 1951

D) 15th March 1952

 Consider the following statements: 1. The Minimum Support Price (MSP) policy in India covers only wheat, paddy and coarse cereals. 2. The Minimum Support Price (MSP) for Grade-A Paddy is always higher than the common paddy. 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_answer87) The basic objectives of the Public Distribution System are:

A) To improve distribution of basic goods

B) To control process of essential commodities

C) To maintain good quality at low cost to bring stability in prices

D) All the above

• question_answer88) This state has been identified as having the ideally suited topography and climate for the cultivation of oranges in a recent report of the Export Import Bank of India (EXIM Bank) - as per a GOI declaration the state is also stated to be the first fully organic state too:

B) Assam

C) Sikkim

D) Manipur

 Select the correct set of impact on an economy when there is an 'inflationary pressure' on it. Use the code given below: 1. Domestic currency heads for depreciation 2. Exports become less competitive with imports getting costlier 3. Real cost of borrowing decreases
Codes:

A) 1 and 2

B) Only 2

C) 1 and 3

D) Only 3

 Consider the following statements: 1. The International Development Association (IDA) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries. 2. India is the largest borrower of IDA, which helps poorest countries. 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

 Which of the following Stock market terms are correctly defined? 1. Hedge is a strategy used to reduce the risk of adverse price movements in a security, by making a transaction that offsets an existing position in a related security. 2. Open Order is an order to buy or sell securities that remains in the system for more than one day. 3. Price-Earnings (P/E) Ratio is the valuation ratio of a company's current share price compared to its per-share earnings. 4. Strike Price is the price at which a specific derivative contract can be exercised.

A) Only 1 and 4

B) Only 3 and 4

C) Only 2 and 3

D) All of these

 With reference to functions of Security 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

 Consider the following statements: 1. Gold import is a major factor in Current Accounts Deficit (CAD) of India. 2. CAD occurs when a country's total imports of goods, services and transfers is greater than the country's total export of goods, services and transfers. 3. A short term and small CAD can boost economic growth. Which of the above statements is/are correct?

A) 1, 2, 3

B) 2, 3

C) 1, 2

D) 1, 3

 Consider the following statements regarding India's rising exports of rice: 1. The domestic procurement prices of rice are lower than the exported value of rice. 2. The domestic procurement prices of rice are greater than the exported value of rice. 3. India displaced Thailand as the world's largest exporter of rice recently. 4. Exporters can access supplies in the open market only by offering prices higher than the procurement price. Which of the above statements is/are correct?

A) 1, 2, 3

B) 1, 3, 4

C) 1, 2, 4

D) 2, 3, 4

 With reference to India's International trade, consider the following statements 1. For more than a decade, Indian export growth story has been dominated by the Services sector. 2. More than 75% of Indian export of services commodities is namely software services. 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. India is the sixth largest producer of coffee. 2. India's share in Global area under coffee is about 2%. 3. India contributes about 4% to world coffee production as well as in the international trade. Which of the statements given above is/are correct?

A) Only 1

B) Only 2

C) 1 and 2

D) 1, 2 and 3

 Consider the following statements 1. India is one of the first in Asia to recognise the effectiveness of the Export Processing Zone. 2. Asia's first export Processing Zone was setup in Kandla, India in 1965. 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

 Which of the following can aid in furthering the Government's objective of inclusive growth? I. Promoting Self- Help Groups, II. Promoting Micro, Small and Medium Enterprises III. Implementing the Right to Education Act: Select the correct answer using the codes given below:

A) I only

B) I and II only

C) II and III only

D) I, II and III

• question_answer99) With reference to Foreign Direct Investment (FDI), which of the following statements is/are correct?

A) The United States is the world's largest recipient of FDI

B) FDI in China as also known as Renminbi Foreign Direct investment (RFDI)

C) FDI provides an inflow of foreign capital and funds investment in addition to an increase in the transfer of skills, technology and job opportunities.

D) All of the above

 Consider the following statements: The price of any currency in international market is-decided by the A. World Bank B. demand for goods/services provided by the country concerned C. stability of the government of the concerned country D. economic potential of the country in question of these statements

A) A, B, C and D are correct

B) B and C are correct

C) C and D are correct

D) A and D are correct

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