SSC Economics Sample Paper

done NCERT Sample Paper-5 Total Questions - 100    [Download]

• 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
  done clear
  B)
   Only B and C are correct
  done clear
  C)
   Only B is correct
  done clear
  D)
   All the three are correct
  done clear
  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
  done clear
  B)
   Critics of the globalization argue that it will result in greater economic disparity
  done clear
  C)
   Advocates of the globalization argue that it will result in culture homogenization
  done clear
  D)
   Critics of the globalization argue that it will result in culture homogenization
  done clear
  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.
  done clear
  B)
   The idea of promoting higher growth rates together with keeping stable inflation and exchange rates.
  done clear
  C)
   The idea of generating social and environmental good together with money profits by the corporate houses.
  done clear
  D)
   The idea of promoting higher export growth rates without cutting down imports and export subsidies.
  done clear
  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 
  done clear
  B)
   Only 2
  done clear
  C)
   Both 1 and 2    
  done clear
  D)
   Neither I nor 2
  done clear
  View Answer play_arrow

• question_answer5)
  Exchangeable Bonds are Bonds which can be exchanged with?
  A)
   Equity Shares of a single company
  done clear
  B)
   Equity shares of a Group Company
  done clear
  C)
   Both of them
  done clear
  D)
   None of them
  done clear
  View Answer play_arrow

• question_answer6)
  The most appropriate measure of a country's economic growth is:
  A)
   Gross domestic product
  done clear
  B)
   Net domestic product
  done clear
  C)
   Net National product  
  done clear
  D)
   Per capita real income
  done clear
  View Answer play_arrow

• question_answer7)
  National income is considered as:
  A)
   NNP at factor cost
  done clear
  B)
   GDP at factor cost
  done clear
  C)
   NNP at market prices
  done clear
  D)
   GDP at current prices
  done clear
  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
  done clear
  B)
          2 only
  done clear
  C)
   Both 1 and 2    
  done clear
  D)
   neither 1 nor 2
  done clear
  View Answer play_arrow

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

• question_answer10)
  The method(s) used for measuring national income in India is/are
  A)
   Production method and income method
  done clear
  B)
   Production method and expenditure method
  done clear
  C)
   Income method and expenditure method
  done clear
  D)
   Production method only
  done clear
  View Answer play_arrow

• question_answer11)
  Since 1951, in India:
  A)
   National income has increased but per capita income has decreased.
  done clear
  B)
   National and per capita incomes have both increased fast
  done clear
  C)
   National income has increased and per capita income has also increased but at a slower rate
  done clear
  D)
   National income and per capita income have increased every year.
  done clear
  View Answer play_arrow

• question_answer12)
  Which is the apex body for the development and implementation of plans:
  A)
   National Development Council
  done clear
  B)
   Planning Commission of India
  done clear
  C)
   Union Cabinet
  done clear
  D)
   None of the above.
  done clear
  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 
  done clear
  B)
   Only 2
  done clear
  C)
   Both 1 and 2    
  done clear
  D)
   neither 1 nor 2
  done clear
  View Answer play_arrow

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

• question_answer15)

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

• question_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.
  done clear
  B)
   The 12 Plan also seeks to reduce poverty by 10 percentage points in the five-year period.
  done clear
  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.
  done clear
  D)
   The aggregate Plan resources are estimated at Rs. 100 lakh crore during the five year period.
  done clear
  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
  done clear
  B)
   Faster, quick and reliable inclusive growth
  done clear
  C)
   Faster, reliable and more inclusive growth
  done clear
  D)
   Faster, sustainable and more inclusive growth
  done clear
  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
  done clear
  B)
   Only 2 and 3
  done clear
  C)
   Only 1 and 3    
  done clear
  D)
   All 1, 2 and 3
  done clear
  View Answer play_arrow

• question_answer19)
  What do you understand by Laffer curve?
  A)
   A graphical representation of the relationship between tax rates and tax revenues.
  done clear
  B)
   A graphical representation of the relationship between Gross domestic products and tax revenue.
  done clear
  C)
   A graphical, representation between the total revenue and tax rates,
  done clear
  D)
   None of the above.
  done clear
  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    
  done clear
  B)
   Only 1 and 3
  done clear
  C)
   All 1, 2 and 3
  done clear
  D)
   Only 2 and 3
  done clear
  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    
  done clear
  B)
   Only 2 and 3
  done clear
  C)
   Only 1 and 3    
  done clear
  D)
   All 1, 2 and 3
  done clear
  View Answer play_arrow

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

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

• question_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               
  done clear
  B)
   Only B is true
  done clear
  C)
   A & B are true
  done clear
  D)
          Neither A nor B are true
  done clear
  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
  done clear
  B)
   It does not allow the Government to set for the economic policies of the new plan which starts from April 1
  done clear
  C)
   It prevents the Government from imposing fresh taxes or withdrawing old one
  done clear
  D)
   This allows the Government to withdraw an amount for a period with the consent of Parliament
  done clear
  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.
  done clear
  B)
   Each mutual fund is run by a group of qualified people who form a company called an Asset Management Company (AMC)
  done clear
  C)
   The operations of the AMC are under the guidance of another group of people, called trustees.
  done clear
  D)
   The AMC and the trustees own no responsibility for the investor money in a mutual fund.
  done clear
  View Answer play_arrow

• question_answer27)
  Excise duty is a tax levied on the
  A)
   Import of goods
  done clear
  B)
   export of goods
  done clear
  C)
   Production of goods
  done clear
  D)
   sale of goods
  done clear
  View Answer play_arrow

• question_answer28)
  In which of the following decades, population growth rate was minimum?
  A)
   1951- 1961      
  done clear
  B)
   1961- 1971
  done clear
  C)
   1991- 2001      
  done clear
  D)
   2001- 2011
  done clear
  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
  done clear
  B)
   The ratio of number of children who die before their first birthday out of every 100 live births
  done clear
  C)
   The ratio of number of children who die before their fifth birthday out of every 100 live births
  done clear
  D)
   The ratio of number of children who die before their first birthday out of every 1000 live births
  done clear
  View Answer play_arrow

• question_answer30)
  In which of the following states, sex ratio in 0-6 age group is maximum?
  A)
   Mizoram          
  done clear
  B)
   Meghalaya
  done clear
  C)
   Kerala 
  done clear
  D)
   Sikkim
  done clear
  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    
  done clear
  B)
   3 and 4 only
  done clear
  C)
   1, 2 and 3 only
  done clear
  D)
          1, 2, 3 and 4
  done clear
  View Answer play_arrow

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

• question_answer33)
  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.
  done clear
  B)
   Census is conducted under 'Census Act 1948' by 'Registrar General and Census Commissioner of India' who is appointed by the central government.
  done clear
  C)
   The Census Commissioner office functions under the ministry of human resource development, government of India.
  done clear
  D)
   In the census 2011, the government decided to prepare NPR (National Population Register) also.
  done clear
  View Answer play_arrow

• question_answer34)
  The base rate of commercial bank is determined by:
  A)
   RBI
  done clear
  B)
   Ministry of Finance
  done clear
  C)
   Indian Banker's Association
  done clear
  D)
   Market Forces and cost of banks
  done clear
  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 
  done clear
  B)
   Only 2
  done clear
  C)
   Both 1 and 2    
  done clear
  D)
   neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer36)
  Which of the following was not a reason for nationalisation of Banks in 1969 and 1980?
  A)
   Misuse of credit
  done clear
  B)
   Tendency to ignore small industries and agriculture sector
  done clear
  C)
   Fear of concentration of economic power in the hands of few industrialists
  done clear
  D)
   None of these
  done clear
  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 
  done clear
  B)
   Only 2
  done clear
  C)
   Both 1 and 2    
  done clear
  D)
   neither 1 nor 2
  done clear
  View Answer play_arrow

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

• question_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
  done clear
  B)
   Liquidity Adjustment Facility
  done clear
  C)
   Ways and Means advances
  done clear
  D)
   None of the above
  done clear
  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    
  done clear
  B)
   2 only
  done clear
  C)
   3 only 
  done clear
  D)
   1, 2 and 3
  done clear
  View Answer play_arrow

• question_answer41)
  The Economic Survey is compiled by:
  A)
   Office of economic advisor.
  done clear
  B)
   Central Statistical office (CSO)
  done clear
  C)
   National Sample Survey Organization (NSSO)
  done clear
  D)
   Department of economic affairs.
  done clear
  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    
  done clear
  B)
   1, 2 and 3 only
  done clear
  C)
   1, 2, 3 and 4    
  done clear
  D)
   1, 3 and 4 only
  done clear
  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.
  done clear
  B)
   It advises banks to recall the loans for advances against certain commodities.
  done clear
  C)
   It advises banks to charge higher rate of interest for advance against certain commodities.
  done clear
  D)
   It discourages certain kinds of lending by assigning higher risk weights to loans it deems undesirable.
  done clear
  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
  done clear
  B)
   Asian Development Bank
  done clear
  C)
   International Finance Corporation
  done clear
  D)
   All of the above
  done clear
  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 
  done clear
  B)
   Only 2
  done clear
  C)
   Both 1 and 2    
  done clear
  D)
   None of these
  done clear
  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
  done clear
  B)
   It is one of the instruments through which corporate raise debts from the market
  done clear
  C)
   It is the name of the 'Certificate of Deposits' provided by the bank to all its retail customers
  done clear
  D)
   All of the above
  done clear
  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    
  done clear
  B)
   2 and 3
  done clear
  C)
   2, 3 and 4        
  done clear
  D)
   1, 2 and 4
  done clear
  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
  done clear
  B)
   4 and 5 only
  done clear
  C)
   1, 2, 3 and 5 only
  done clear
  D)
   1, 2, 3, 4 and 5
  done clear
  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
  done clear
  B)
   2 only
  done clear
  C)
   3 and 4 only    
  done clear
  D)
   3 only
  done clear
  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.
  done clear
  B)
   An equity shareholder cannot withdraw his amount whereas debentures can be withdrawn by taking back the amount.
  done clear
  C)
   Equity shareholding is more risky compared to debentures which is bound to return good interest on the principal
  done clear
  D)
   Both debenture and equity holders have voting right irrespective of the proportion of holdings but debentures are of lower value than equity.
  done clear
  View Answer play_arrow

• question_answer51)
  What is the effect of appreciation of domestic currency on imports and exports?
  A)
   Exports are cheaper when denominated in other currencies
  done clear
  B)
   Imports are dearer when denominated in domestic currencies
  done clear
  C)
   Both a and b
  done clear
  D)
   None of the above
  done clear
  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                
  done clear
  B)
   Rs. 5000 crore
  done clear
  C)
   Rs. 7500 crore
  done clear
  D)
          Rs. 10000 crore
  done clear
  View Answer play_arrow

• question_answer53)
  Important source of rising Foreign Exchange Reserves in India are-
  A)
   Foreign investment
  done clear
  B)
   NRI deposits
  done clear
  C)
   External Commercial Borrowings (ECB)
  done clear
  D)
   All the above
  done clear
  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 
  done clear
  B)
   Only 2
  done clear
  C)
   Both 1 and 2
  done clear
  D)
   neither 1 nor 2
  done clear
  View Answer play_arrow

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

• question_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
  done clear
  B)
   2, 3 and 4 only
  done clear
  C)
   2 and 3 only
  done clear
  D)
   1, 2, 3 and 4
  done clear
  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.
  done clear
  B)
   The surplus on current account in the balance of payments must be equal to the deficit on capital account and vice versa.
  done clear
  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'.
  done clear
  D)
   The balance of payment of a country must always balance in the accounting sense.
  done clear
  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 
  done clear
  B)
   Only III
  done clear
  C)
   Only II
  done clear
  D)
   Both I and II
  done clear
  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 
  done clear
  B)
   Only 2
  done clear
  C)
   Both 1 and 2    
  done clear
  D)
   neither 1 nor 2
  done clear
  View Answer play_arrow

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

• question_answer62)
  Gross budgetary support means:
  A)
   centre's contribution to budget
  done clear
  B)
   Expenditure in budget on social schemes
  done clear
  C)
   Assistance provided by the Centre to five year plan.
  done clear
  D)
   None of the above
  done clear
  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 
  done clear
  B)
   2 only
  done clear
  C)
   Both 1 and 2    
  done clear
  D)
   neither 1 nor 2
  done clear
  View Answer play_arrow

• question_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
  done clear
  B)
   Vocational and occupational development of the socio-economically disadvantaged groups of urban/rural population
  done clear
  C)
   Educational development of teachers of certain region of India to enable to provide the Total Literacy Scheme to rural poor
  done clear
  D)
   Both 'b' and 'c' are correct about the Jan Shikshan Sansthan
  done clear
  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
  done clear
  B)
   The scheme includes reasonable component of consumption credit within the overall credit limit
  done clear
  C)
   The NABARD has extended the use of KCC to cover long term loan for allied activities
  done clear
  D)
   None of these
  done clear
  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
  done clear
  B)
   Under the programme, the central government provides financial assistance to states for speedy completion of ongoing irrigation projects.
  done clear
  C)
   50% of the project cost is provided as grant by the central government
  done clear
  D)
   For special category states, the grant component of the financial assistance is 90%
  done clear
  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     
  done clear
  B)
   Only 2 and 4
  done clear
  C)
   Only 1, 2 and 4
  done clear
  D)
   All 1, 2, 3 and 4
  done clear
  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 
  done clear
  B)
   Only 2
  done clear
  C)
   Both 1 and 2
  done clear
  D)
   neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer69)
  Which of the following are not kharif crops?
  A)
   Rice                
  done clear
  B)
   Maize
  done clear
  C)
   Bajra   
  done clear
  D)
   Mustard
  done clear
  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    
  done clear
  B)
   2 and 3 only
  done clear
  C)
   1 and 3 only    
  done clear
  D)
   1, 2 and 3
  done clear
  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
  done clear
  B)
   1, 2, 3 and 4 only
  done clear
  C)
   1, 2, 4 and 5 only
  done clear
  D)
   1, 2, 3, 4, 5
  done clear
  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
  done clear
  B)
   Only B
  done clear
  C)
   Both A and B   
  done clear
  D)
   neither A nor B
  done clear
  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 
  done clear
  B)
   Only 2
  done clear
  C)
   Both 1 and 2    
  done clear
  D)
   neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer74)
  By marketing of agricultural produces we mean
  A)
   A process whereby agricultural inputs are made available to farmers
  done clear
  B)
   A process whereby the producers and the buyers of the agricultural produce are brought together
  done clear
  C)
   A process adopted by farmers to promote sale of their produce
  done clear
  D)
   A process characterised by attractive packing, brand names, etc.
  done clear
  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
  done clear
  B)
   Only 2 and 3
  done clear
  C)
   Only 1 and 2    
  done clear
  D)
   All 1, 2 and 3
  done clear
  View Answer play_arrow

• question_answer76)
  The Rangarajan Committee was set up which purpose:
  A)
   Disinvestment
  done clear
  B)
   Tax reform
  done clear
  C)
   Industrial sickness
  done clear
  D)
   none of the above
  done clear
  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    
  done clear
  B)
   Only 2 and 3
  done clear
  C)
   Only 1 and 3    
  done clear
  D)
   All 1, 2 and 3
  done clear
  View Answer play_arrow

• question_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 
  done clear
  B)
   2 only
  done clear
  C)
   Both 1 & 2      
  done clear
  D)
   neither 1 nor 2
  done clear
  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
  done clear
  B)
   2, 3 and 4 only
  done clear
  C)
   1 and 4 only    
  done clear
  D)
   1, 2, 3 and 4
  done clear
  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 
  done clear
  B)
   Only 2
  done clear
  C)
   Both 1 and 2    
  done clear
  D)
   neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer81)
  Which one of the following is not an immediate indicator of Industrial Sickness?
  A)
   Drop in profitability       
  done clear
  B)
   Labour unrest
  done clear
  C)
   Shrinking of market credit
  done clear
  D)
   Decline in market share
  done clear
  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    
  done clear
  B)
   1, 2 and 3
  done clear
  C)
   2 and 3
  done clear
  D)
   3 and 4
  done clear
  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 
  done clear
  B)
   Only 2
  done clear
  C)
   Both 1 and 2    
  done clear
  D)
   neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer84)

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

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

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

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

• question_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
  done clear
  B)
   1, 2 and 3
  done clear
  C)
   2 and 3
  done clear
  D)
   All of these
  done clear
  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 
  done clear
  B)
  Only 2
  done clear
  C)
   Both 1 and 2    
  done clear
  D)
   neither 1 nor 2
  done clear
  View Answer play_arrow

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

• question_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.
  done clear
  B)
   A balance between the budget deficit, revenue deficit and capital deficit.
  done clear
  C)
   A balance between current account deficit, capital deficit and fiscal deficit
  done clear
  D)
   A fiscal policy having a short, medium and long term goals.
  done clear
  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
  done clear
  B)
   It is the impact of the surge in demand due to rapid economic growth
  done clear
  C)
   It is the impact of price levels of the previous year on the calculation of inflation rate
  done clear
  D)
   None of the above
  done clear
  View Answer play_arrow

• question_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   
  done clear
  B)
   1 and 2 only
  done clear
  C)
   2 and 3 only
  done clear
  D)
   All of the above
  done clear
  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    
  done clear
  B)
   1, 2 and 3
  done clear
  C)
   1 and 3 only
  done clear
  D)
   none of the .above
  done clear
  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
  done clear
  B)
   Deflation led by declines in Agricultural commodity prices
  done clear
  C)
   Inflation led by rises in Agricultural commodity prices
  done clear
  D)
   None of the above
  done clear
  View Answer play_arrow

• question_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
  done clear
  B)
   1, 3 and 4 only
  done clear
  C)
   2 and 3 only    
  done clear
  D)
   1, 2, and 4 only
  done clear
  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 
  done clear
  B)
   Only 2
  done clear
  C)
   Both 1 and 2    
  done clear
  D)
   neither 1 nor 2
  done clear
  View Answer play_arrow

• question_answer98)
  Bringing Green Revolution to eastern India is a sub scheme of
  A)
   National Mission on Agriculture Extension and Technology
  done clear
  B)
   National Mission for sustainable agriculture
  done clear
  C)
   Rashtriya Krishi Vikas Yojana
  done clear
  D)
   It is not a subscheme
  done clear
  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
  done clear
  B)
   1 and 3 only
  done clear
  C)
   3 and 4 only    
  done clear
  D)
   2 and 3 only
  done clear
  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 
  done clear
  B)
   2 only
  done clear
  C)
   Both 1 and 2    
  done clear
  D)
   neither 1 nor 2
  done clear
  View Answer play_arrow