SSC Economics Sample Paper

done NCERT Sample Paper-4 Total Questions - 100    [Download]

• question_answer1)
  Which one of the following statements is correct about the 'black lease' process?
  A)
   It is a process wherein the land acquired by the government is returned to the farmer on a temporary basis.
  done clear
  B)
   It is a process through which farmers return their compensation back to the authority in return for the complete transfer of their land.
  done clear
  C)
   It is a process by which the land acquired by the government is transferred to marginal farmers on contract basis.
  done clear
  D)
   It is a process wherein the land acquired and transferred in government's name is returned to villagers who claim that their 'abadi' land (land under habitation) has been acquired.
  done clear
  View Answer play_arrow

• question_answer2)
  Which one of the following features of the Indian Postal System is correct?
  A)
   A post office on an average in India serves an area of more than 20 sq km
  done clear
  B)
   A post office on an average in India serves a population of more than 7000
  done clear
  C)
   After China, India has the largest postal network in the world
  done clear
  D)
   The postal system in India was established by Warren Hastings in the year 1766
  done clear
  View Answer play_arrow

• question_answer3)

  Consider the following components of the PURA model of economic development

  1. Facilitate road connectivity in villages.

  2. Enhancement of electricity in rural areas.

  3. Establishment of cyber cafe in villages

  4. Construction of hospital in rural areas.

  Which of the components given above is/are the major connectivity formulated by the PURA model?

  A)
   1 and 4
  done clear
  B)
   1, 2 and 4
  done clear
  C)
   1, 2 and 3        
  done clear
  D)
   1, 2, 3 and 4
  done clear
  View Answer play_arrow

• question_answer4)
  'Working Capital' in a business means
  A)
   Its circulating assets, stocks, cash and debt owing to it.
  done clear
  B)
   The investment made in it.
  done clear
  C)
   Its priced assets
  done clear
  D)
   The amount spent on machinery or for building up stock
  done clear
  View Answer play_arrow

• question_answer5)

  Consider the following statements about three methods of calculating national income:

  1. The income method, which adds up all incomes received by the factors of production generated in the economy during a year.

  2. The output method, which is the combined value of the new and final output produced in all sectors of the economy, including manufacturing, financial services, transport, leisure and agriculture.

  3. The expenditure method, which adds up all spending in the economy by households and firms on new and final goods and services by households and firms. Which of these explanations are correct?

  A)
   1 and 2
  done clear
  B)
   1 and 4
  done clear
  C)
   1, 2 and 3        
  done clear
  D)
   1, 2, 3 and 4
  done clear
  View Answer play_arrow

• question_answer6)

  Which among the following will be included while measuring GDP of the country?

  1. Second hand Car

  2. Production of tyres for the Car.

  3. Production of Cloth.

  Which of these statements is/are correct?

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

• question_answer7)
  The growth rate of per capita income at current prices is higher than that of per capita income at constant prices, because the latter takes into account-
  A)
   Growth of population   
  done clear
  B)
   Increase in price level
  done clear
  C)
   Growth of money supply
  done clear
  D)
   Increase in wage rate
  done clear
  View Answer play_arrow

• question_answer8)
  Which one of the following is not correct?
  A)
   National income = NNP at factor cost
  done clear
  B)
   NNP = GNP minus depreciation
  done clear
  C)
   NDP at market prices= NDP at factor cost + (indirect taxes less subsidies)
  done clear
  D)
   GNP = GDP-net factor income from abroad
  done clear
  View Answer play_arrow

• question_answer9)

  India's journey to prosperity is primarily in increasing productivity. In the last 25 years, many major initiatives have induced productivity growth. What are they?

  1. Tax policy reforms

  2. Floating of exchange rate

  3. Establishment of equity market

  4. Shrinking of license raj

  Select the correct answer using the codes given below:

  A)
   1 and 2
  done clear
  B)
   1 and 3
  done clear
  C)
   1, 2 and 3        
  done clear
  D)
   1, 2, 3 and 4
  done clear
  View Answer play_arrow

• question_answer10)

  The factor cost includes the actual cost of me various factors of production and it includes:

  1. Government grants

  2. Subsidies

  3. Indirect taxes

  Choose the correct one:

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

• question_answer11)
  "Interest Rate Policy" is declared as a part of which of the following?
  A)
   Fiscal Policy     
  done clear
  B)
   Industrial Policy
  done clear
  C)
   Monetary Policy
  done clear
  D)
   Taxation Policy
  done clear
  View Answer play_arrow

• question_answer12)
  In context with SEBI, which among the following is NOT a correct statement?
  A)
   It's a Market Regulator
  done clear
  B)
   Its a Statutory Body
  done clear
  C)
   Its chairman is appointed by President
  done clear
  D)
   SEBI's decision can be challenged in Securities Appellate Tribunal
  done clear
  View Answer play_arrow

• question_answer13)

  Consider the following statements-

  1. Planning Commission in India is an extra-constitutional body

  2. Deputy chair-person of the Planning Commission is the de facto head of the Planning Commission. Which of the statements 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_answer14)

  Consider the following statements:

  1. National Development Council is a non-statutory body which was constituted to ensure cooperation between the Centre and the states

  2. The NDC council was constituted on 6th August, 1952, by a proposal of the government.

  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)

  Which of the following Five Year Plan (FYP) gave emphasis to agriculture sector?

  1. 1st FYP

  2. 2nd FYP

  3. 3rd FYP

  4. 4th FYP

  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, 3 and 4 only
  done clear
  D)
   1, 2, 3 and 4
  done clear
  View Answer play_arrow

• question_answer16)
  Which one of the following is not within me duties of the Planning Commission?
  A)
   To define the stage of growth and suggest allocation of resources
  done clear
  B)
   To make an assessment of the material, capital and human resource of the country
  done clear
  C)
   To determine the nature of machinery required for the implementation of plan proposal
  done clear
  D)
   To prepare the annual central budget
  done clear
  View Answer play_arrow

• question_answer17)
  Which of the following statements is not true?
  A)
   Prime Minister is the chairman of the Planning Commission of India
  done clear
  B)
   The National Development Council is presided over by the Prime Minister of India
  done clear
  C)
   Secretary of Planning Commission is also the secretary of the National Development Council
  done clear
  D)
   Planning Commission is the highest decision making body for Planning in India
  done clear
  View Answer play_arrow

• question_answer18)
  Which among the following sentences is correct?
  A)
   Personal income tax is levied on individuals and proceeds are used by central government
  done clear
  B)
   Personal income tax is levied on individuals and proceeds are shared between states and central government
  done clear
  C)
   Personal income tax has to be levied from all individuals
  done clear
  D)
   Personal income tax is levied on individuals and proceeds are used by central government and local bodies
  done clear
  View Answer play_arrow

• question_answer19)
  Which of the following organization was set up to maintain a database on Individual's Credit records?
  A)
   ONICRA          
  done clear
  B)
   ICRA
  done clear
  C)
   CIBIL  
  done clear
  D)
   SEBI
  done clear
  View Answer play_arrow

• question_answer20)

  Which of the following is/are direct tax?

  1. Gift tax

  2. Wealth tax

  3. Service tax

  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_answer21)

  Which of the following taxes come under the state lists:

  1. Taxes on the consumption and sale of electricity.

  2. Taxes on vehicles, animals and boats.

  3. Taxes on capital value of assets except agricultural land of individuals and companies.

  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_answer22)
  Who is the chairman of the recently created Tax Policy Council (TPC) in India?
  A)
   Union Finance Minister
  done clear
  B)
   Secretary of Department of Financial Services
  done clear
  C)
   Secretary of Department of Economic Affairs
  done clear
  D)
   Chairman of Central Board of Direct Taxes (CBDT)
  done clear
  View Answer play_arrow

• question_answer23)

  Consider the following statements:

  1. Presently, interest payments, defence, subsidies and general, economic and social services together form over 80% of the non-plan expenditure.

  2. Subsidies has now become the single largest item of non-plan expenditure. Which of the above 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_answer24)

  Which of the following are measures to reduce fiscal deficit?

  1. Cutting subsidies

  2. Decrease disinvestment proceeds

  3. Cut plan expenditure

  4. Monetary easing

  Choose the correct options:

  A)
   1, 2                 
  done clear
  B)
   1, 2, 3
  done clear
  C)
   1, 2, 3, 4         
  done clear
  D)
   None of these
  done clear
  View Answer play_arrow

• question_answer25)

  Consider the following statements:

  1. An excise or excise tax is a type of tax charged on goods produced within and outside the country.

  2. This tax is now known as the Central Value Added Tax (CENVAT).

  3. Duty is not payable on the goods exported out of India. Of these statements:

  A)
   1, 2 and 3 are correct
  done clear
  B)
   2 and 3 are correct
  done clear
  C)
   1 and 2 are correct
  done clear
  D)
   1 and 3 are correct.
  done clear
  View Answer play_arrow

• question_answer26)
  Which one of the following is responsible for the preparation and presentation of Union Budget to the Parliament?
  A)
   Department of Revenue
  done clear
  B)
   Department of Economic Affairs
  done clear
  C)
   Department of Expenditure
  done clear
  D)
   Department of Financial Services
  done clear
  View Answer play_arrow

• question_answer27)

  Consider the following statements:

  1. Sin Tax is a state-sponsored tax that is added to products or services that are seen as vices, such as alcohol, tobacco and gambling.

  2. The first budget of the National Rural Health Mission actually came from taxes on tobacco.

  3. Levying a sin tax can lead to reduced consumption of harmful substances such a tobacco and alcohol. Which of the above statements are correct?

  A)
   1, 2                 
  done clear
  B)
   1, 3
  done clear
  C)
   2, 3                 
  done clear
  D)
   All of the above
  done clear
  View Answer play_arrow

• question_answer28)
  In which religion, literacy rate was maximum?
  A)
   Jains               
  done clear
  B)
   Christians
  done clear
  C)
   Buddhists         
  done clear
  D)
   Sikhs
  done clear
  View Answer play_arrow

• question_answer29)
  Which of the following statement/s is/are correct?
  A)
   Sex ratio in Haryana has improved during the period 2001-11
  done clear
  B)
   Sex ratio in Haryana is below 900 females/1000 males
  done clear
  C)
   Both
  done clear
  D)
   None
  done clear
  View Answer play_arrow

• question_answer30)
  Which of the following is correct about second stage of the theory of demographic transition?
  A)
   The gap between birth rate and death rate starts increasing
  done clear
  B)
   The gap is maximum between birth rate and death rate
  done clear
  C)
   It is known as the stage of population explosion
  done clear
  D)
   All the above
  done clear
  View Answer play_arrow

• question_answer31)

  Consider the following statements:

  1. Total Fertility Rate refers (TFR) refers to the number of live births by a woman during the entire reproductive period.

  2. India is presently heading towards TFR of 4 which is required for population stabilization. Which of the statements given above is/are incorrect?

  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_answer32)
  Match List I (Class of Towns) with List II (Size of the Population) and select the correct answer using the codes given below the lists

  List I			List II
  A.	Tier- I	1.	5,000 to 9,999 people
  B.	Tier- III	2.	less than 5,000 people
  C.	Tier- V	3.	20,000 to 49,999 people
  D.	Tier- VI	4.	100,000 and above people

  Codes:
  A)
   A\[\to \]2, B\[\to \]4, C\[\to \]3, D\[\to \]1
  done clear
  B)
   A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1
  done clear
  C)
   A\[\to \]4, B\[\to \]3, C\[\to \]1, D\[\to \]2
  done clear
  D)
   A\[\to \]4, B\[\to \]1, C\[\to \]3, D\[\to \]2
  done clear
  View Answer play_arrow

• question_answer33)
  Which one of the following can be the exact cause of the high population increase in urban areas?
  A)
   Natural increase of urban population
  done clear
  B)
   Net migration from rural areas
  done clear
  C)
   Lack of coverage of rural masses under social benefit programmes
  done clear
  D)
   Both 'a' and 'b' are the exact causes for population increase in urban areas
  done clear
  View Answer play_arrow

• question_answer34)
  Which subsidiary of State Bank of India was merged within 2010?
  A)
   State Bank of Saurashtra
  done clear
  B)
   State Bank of Indore
  done clear
  C)
   State Bank of Patiala
  done clear
  D)
   None of these
  done clear
  View Answer play_arrow

• question_answer35)

  Consider the following:

  1. RBI changes bank rate very frequently for monetary operation.

  2. Any revision in Bank rate by RBI is a signal to banks to revise deposit rates as well as prime lending rate. 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)
  FDI limit in private sector banks is-
  A)
   49 percent        
  done clear
  B)
   51 percent
  done clear
  C)
   74 percent        
  done clear
  D)
   100 percent
  done clear
  View Answer play_arrow

• question_answer37)
  What will the effect of change in repo rate?
  A)
   It will increase the cost of borrowing of the government
  done clear
  B)
   It will increase the cost of borrowing of the banks
  done clear
  C)
   It will adversely affect the lending capacity of banks
  done clear
  D)
   None of these
  done clear
  View Answer play_arrow

• question_answer38)
  What do you understand by Primary Credit Societies?
  A)
   These societies provide long term credit facilities to industrial sector.
  done clear
  B)
   These societies provide long term credit facilities to agriculture sector.
  done clear
  C)
   These societies provide short term loans to agriculture sector.
  done clear
  D)
   None of the above.
  done clear
  View Answer play_arrow

• question_answer39)
  Concept of three tier banking was given by-
  A)
   Narasimhan Committee
  done clear
  B)
   J.M. Sengupta Committee
  done clear
  C)
   Ramakrishna Committee
  done clear
  D)
   One of the above
  done clear
  View Answer play_arrow

• question_answer40)

  Consider the following statement pertaining to priority sector lending:

  1. Priority sector advances constitute 40% of aggregate credit.

  2. Major share of priority sector lending goes agricultural sector.

  3. Foreign banks having office in India need not comply with priority sector lending norms.

  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 and 3 only
  done clear
  View Answer play_arrow

• question_answer41)

  Which of the following are true about 'Shadow Banking' in India?

  1. It is performed by non- banking entities

  2. It broadens access to financial services

  3. It enhances competition and,

  4. It brings diversification in financial sector.

  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_answer42)

  Consider the following statements:

  I. White Label ATMs are ATMs set up, owned and operated by non-bank entities incorporated in India under the Companies Act, 1956.

  II. Only banks are permitted to set up automated teller machines (ATMs) as extended delivery channels.

  Codes:
  A)
   Only I is correct
  done clear
  B)
   Both are correct
  done clear
  C)
   Only II is correct
  done clear
  D)
   Both are incorrect
  done clear
  View Answer play_arrow

• question_answer43)

  With reference to NBFCs in India, consider the following statements:

  1. They cannot buy securities issued by the Government

  2. They cannot accept demand deposits like saving account. Which of the statements given above is/are correct?

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

• question_answer44)

  Consider the following statements

  1. Mutual funds are not allowed to participate in the derivatives market in Indian Capital Market.

  2. Mutual funds are permitted to invest in ADRs, GDRs and foreign securities. 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_answer45)
  Which one of the following is correct?
  A)
   Life Insurance Corporation of India was set-up after the General Insurance Corporation
  done clear
  B)
   General Insurance Corporation was set up in &e Fifth Five Year Plan
  done clear
  C)
   Life Insurance Corporation of India was set-up in the Second Five Year Plan
  done clear
  D)
   None of the above
  done clear
  View Answer play_arrow

• question_answer46)

  Consider the following functions

  1. Refinance loans and advances extended by the Primary Lending Institutions to small scale Industries (SSIs).

  2. Provides services like leasing, factory to SSIs.

  3. Discounts and rediscounts the bills arising from the sale of machinery to SSIs.

  Which of the functions given above is/are correct with respect to SIDBI?

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

• question_answer47)
  Which one of the following is correct?
  A)
   General Insurance Corporation of India (GIC) was formed in 1972
  done clear
  B)
   GIC has its registered office and headquarters in Mumbai
  done clear
  C)
   GIC was formed after the nationalization of the entire general insurance business in India
  done clear
  D)
   All of the above
  done clear
  View Answer play_arrow

• question_answer48)
  Purchase or sale of government securities by the Central bank from the general public in the bond market, in a bid to increase or decrease the money supply in the economy is referred to as
  A)
   Open market operation  
  done clear
  B)
   Rationing of credit
  done clear
  C)
   Variable reserve ratio      
  done clear
  D)
   Dear money policy
  done clear
  View Answer play_arrow

• question_answer49)

  Consider the following statements about e-voting must for listed firms:

  1. The Securities and Exchange Board of India (SEBI) made it mandatory for top listed firms to provide electronic voting facilities wherever shareholders are allowed to vote through postal ballot.

  2. It would be mandated for top 500 listed companies on the BSE and the NSE based on market capitalization. Listed companies may choose anyone of the agencies which is currently providing the e-voting platform. 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_answer50)
  What does 'Circuit Limit' mean at the Bombay Stock Exchange?
  A)
   The provision that a single stock cannot be traded at more than 10 percent higher than the opening price on a particular day.
  done clear
  B)
   A 10 percent intra-day fall in the SENSEX puts the Exchange closed.
  done clear
  C)
   A trader/broker cannot quote a price for a share less than the 20 percent of the last day's price.
  done clear
  D)
   None of the above.
  done clear
  View Answer play_arrow

• question_answer51)
  India's market regulator SEBI is on course to relax investment norms for sovereign wealth funds, the investment vehicles which are directly controlled by the government of a country. The main reason behind this move is:
  A)
   The desire of the Government of India to attract more foreign investment
  done clear
  B)
   Pressure by foreign Governments on India to execute specific mutual agreements on financial services
  done clear
  C)
   SEBI's desire to create a more level playing field for foreign investors
  done clear
  D)
   RBI's relevant directive to SEBI
  done clear
  View Answer play_arrow

• question_answer52)

  Tobin tax will be advantageous in many contexts which includes:

  1. It will bring revenue to the government

  2. It will broaden the tax system

  3. It will regulate FDI in the country.

  Which of these statements is/are correct?

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

• question_answer53)

  Consider the following:

  1. In the budget 1997-98, the government proposed to replace FERA-1973 by FEMA.

  2. FEMA-1999 came into force on June 1, 2000.

  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_answer54)
  Which among the following correctly defines Hundi?
  A)
   They are slips on paper presented to the customer while purchasing goods
  done clear
  B)
   They are accounts of unorganized sector in India
  done clear
  C)
   They are key instruments of credit in the unorganized money market in India
  done clear
  D)
   They are deposit schemes of NBFCs
  done clear
  View Answer play_arrow

• question_answer55)

  Consider the following statements about SEZs in India:

  1. Any private/public/joint sector or state government or its agencies can set up an SEZ.

  2. A foreign agency can set up SEZs in India.

  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_answer56)
  One of the important goals of the economic liberalization of 1991 is to achieve full convertibility of the Indian rupee. This is being advocated because
  A)
   Convertibility of the rupee will stabilize its exchange value against major currencies of the world.
  done clear
  B)
   It will attract more foreign capital inflow in India.
  done clear
  C)
   It will promote exports.
  done clear
  D)
   It will help India to secure loans from the world financial markets on attractive terms.
  done clear
  View Answer play_arrow

• question_answer57)

  With the rupee continuing to remain volatile, the Foreign currency Non-Resident (FCNR) account can be a good option for Non-Resident Indians (NRIs) looking to invest in India without worrying about currency risks. Consider the following statements:

  1. An FCNR account is a savings deposit account that can be maintained by NRIs and PIOs in foreign currency.

  2. FCNR account can be maintained in any permitted currency. 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_answer58)

  Consider the following actions which the Government can take:

  1. Devaluing the domestic currency

  2. Reduction in export subsidy

  3. Levying some kind of tax on remittances from abroad. Which of the above action (s) can help in reducing the current account deficit?

  A)
   1 and 2 only
  done clear
  B)
   2 and 3 only
  done clear
  C)
   1 only 
  done clear
  D)
   3 only
  done clear
  View Answer play_arrow

• question_answer59)

  Metals and Minerals Trading Corporation of India is

  1. One of the two highest earners of foreign exchange for India

  2. The first public sector enterprise to be accorded the status of Five Star Export Houses by Government of India

  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_answer60)
  Convertibility of the rupee implies
  A)
   being able to convert rupee notes into gold
  done clear
  B)
   Allowing the value of the rupee to be fixed by market forces
  done clear
  C)
   Freely permitting the conversion of rupee to other major currencies and vice versa
  done clear
  D)
   Developing an international market for currencies in India
  done clear
  View Answer play_arrow

• question_answer61)
  India has become the borrower of the International Bank for Reconstruction and Development, the World Bank lending arm which serves middle-income countries with capital investment and advisory services?
  A)
   Largest
  done clear
  B)
   second largest
  done clear
  C)
   Third largest     
  done clear
  D)
   fourth largest
  done clear
  View Answer play_arrow

• question_answer62)

  Consider the following statements:

  1. In any nation, human development (HD) outcomes are a function of economic growth, social policy, and poverty reduction measures at the macro-level.

  2. The expansion of human functioning in terms of health and education attainment, reduction of income poverty and economic growth is linked in a synergistic manner.

  3. Investment in health and education can enhance human functioning which can eventually alleviate poverty by improving employability.

  4. Resources generated through income poverty reduction and economic growth can be used to enhance human development. Which of the statements given above is/are correct?

  A)
   1 and 2 only    
  done clear
  B)
   1, 2 and 3 only
  done clear
  C)
   1, 2, 3 and 4    
  done clear
  D)
   None of the above
  done clear
  View Answer play_arrow

• question_answer63)
  Which among the following were the reasons stated as hindrances to attain the Millennium Development Goals (MDG) -promote gender equality and empower women?
  A)
   Violence against women continues to undermine efforts to reach all goals.
  done clear
  B)
   Poverty is a major barrier to secondary education especially among older girls.
  done clear
  C)
   Women are largely relegated to more vulnerable forms of employment
  done clear
  D)
   All of the above
  done clear
  View Answer play_arrow

• question_answer64)

  Consider the following statements about Rashtriya Swasthya Bima Yojana (RSBY)

  1. Under RSBY the premium is shared on 85:15 basis by the Centre and State Governments.

  2. In the case of the North-Eastern states and Jammu and Kashmir, under RSBY the premium is shared in a 90:10 ratio. Which of the statements given above is/are correct?

  A)
   Only 2 
  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_answer65)

  Consider the following statements in respect of the aims of Bharat Nirman Programme:

  1. To provide road connectivity to all villages with a population of 1000/500 in plain and hilly areas;

  2. To ensure enrolment of all girls between the age of 6 and 11 in schools.

  3. To provide telephone connectivity to all remaining villages.

  4. To provide drinking water to all uncovered habitations. Which of the above is/are not correct?

  A)
   1 only 
  done clear
  B)
   2 and 4
  done clear
  C)
   2 only 
  done clear
  D)
   1 and 3
  done clear
  View Answer play_arrow

• question_answer66)
  Which of the following statements about Antyodaya Anna Yojana (AAY) is incorrect?
  A)
   It was started on December 25, 2000
  done clear
  B)
   Its objective is to provide food security to the poorest families
  done clear
  C)
   The number of families covered under the scheme is more than 3 crore
  done clear
  D)
   This is the third category of consumers in the public Distribution system after APL, and BPL
  done clear
  View Answer play_arrow

• question_answer67)

  Consider the following:

  1. The national mission for sustainable agriculture is one of the eight missions under the National Action Plan on climate change has been conceptualized.

  2. It seeks to address issues regarding sustainable agriculture in the context of risks associated with climate change. 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_answer68)

  Consider the following regarding self-help groups:

  1. These groups collect savings from their members and provide loans to them.

  2. SHGs are formed and supported usually by NGOs or banks or by Government agencies.

  3. Women SHGs are more than 50 per cent of the total SHGs. 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_answer69)

  Consider the following regarding Varsha Bima Yojana:

  1. It was introduced on an experimental basis from Kharif 2004-05.

  2. It was replaced by WBCIS in 2007. 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_answer70)

  Consider the following:

  1. The National Bank for Agricultural and Rural Development was set up in 1982 under an act of Parliament.

  2. The bank began by taking over the agricultural credit functions of the RBI and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC). 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_answer71)
  The scheme "Bringing Green Revolution to Eastern India (BGREI)" aims to maximize the yield of which two crops?
  A)
   Rice and Barley
  done clear
  B)
   Barley and Wheat
  done clear
  C)
   Rice and Wheat
  done clear
  D)
   Rice and Maize
  done clear
  View Answer play_arrow

• question_answer72)
  Which among the following scheme is exclusively for Micro, small & medium enterprises?
  A)
   Credit Linked Capital Subsidy Scheme
  done clear
  B)
   Duty Entitlement Pass Book
  done clear
  C)
   Duty Free Replenishment Card
  done clear
  D)
   Focus Product Scheme
  done clear
  View Answer play_arrow

• question_answer73)
  In India, the value of output originating in the agricultural sector is measured with the help of which one of the following methods?
  A)
   Net Income Method
  done clear
  B)
   Net Income and Expenditure Method
  done clear
  C)
   Net Output Method
  done clear
  D)
   Net Output and Income Method
  done clear
  View Answer play_arrow

• question_answer74)
  Consider the following statements about the Agriculture Insurance Company of India Limited (AIC)? 1. The Agriculture Insurance Company of India Limited (AIC) offers yield-based and weather-based crop insurance programs in almost 500 districts of India. AIC aims to provide insurance coverage and financial support to the farmers in the failure of any of the notified crop as a result of natural calamities, pests and diseases to restore their creditworthiness for the ensuing season. 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_answer75)
  The purpose of central & state warehousing corporations is to:
  A)
   Distribute fertilizers & seeds
  done clear
  B)
   To refinance farm credit
  done clear
  C)
   Provide storage facility
  done clear
  D)
   Process agricultural products
  done clear
  View Answer play_arrow

• question_answer76)

  Consider the following statements.

  1. IDBI was constituted based on the model of Developmental Bank of Canada

  2. It was regarded as a Public Financial Institution and continued to serve as a DFI for 40 years

  3. IDBI Bank was earlier known as IDBI Ltd. Which of the statements given above about IDBI Bank are correct?

  A)
   Only 1 and 3    
  done clear
  B)
   Only 2 and 3
  done clear
  C)
   All 1, 2, and 3
  done clear
  D)
   None of the above
  done clear
  View Answer play_arrow

• question_answer77)

  Consider the following statements about Board for Reconstruction of Public Sector Enterprises (BRPSE).

  1. It was established in December 2004

  2. Its function is to advice the government about sick and loss-making central public sector enterprises

  3. In many cases, it has advised for cash-less revival of these units.

  Which of the statements is/are correct?

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

• question_answer78)

  Consider the following:

  1. Forward market commission is overseen by the Ministry of Consumer Affairs.

  2. It is a statutory body set up in 1953 under the forward contracts (Regulation Act), 1952.

  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_answer79)
  Which among the following decides the Saving Banks Account Interest Rate in India?
  A)
   Ministry of Finance
  done clear
  B)
   Reserve Bank of India
  done clear
  C)
   Indian Banks Association (IBA)
  done clear
  D)
   Banks themselves
  done clear
  View Answer play_arrow

• question_answer80)
  In which among the following years, a new" Liberalized Industrial Policy" in India was announced for the first time?
  A)
   1986   
  done clear
  B)
   1991
  done clear
  C)
   2009               
  done clear
  D)
   2011
  done clear
  View Answer play_arrow

• question_answer81)

  Consider the following statements:

  1. One significant development in the second half of the 19th Century was the establishment of large-scale machine based industries in India.

  2. The first textile mill was started in Bombay by Cowasjee Nanabhoy in 1863 and the first jute mill in Rishra (Bengal) in 1865. Which of the statement (s) 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_answer82)

  Consider the following aims of the National Manufacturing Policy (NMP) of Indian Economy

  1. National Investment and Manufacturing Zones (NIMZs) will be established on lands which are degraded and uncultivable.

  2. NIMZs are the integrated industrial townships with world class physical and social infrastructure. Which of the statements about NIMZs formulated in NMP give 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_answer83)

  Which of the following statements regarding the iron and steel plants at Bhilai, Rourkela and Durgapur are correct?

  1. These plants were established in public sector during the Second Five Year Plan.

  2. These are located in the steel raw material belt.

  3. These were established with the help from Britain, Soviet Union and West Germany respectively.

  A)
   1 and 2
  done clear
  B)
   2 and 3
  done clear
  C)
   1 and 3
  done clear
  D)
   1, 2 and 3
  done clear
  View Answer play_arrow

• question_answer84)

  Consider the following regarding the Financial Stability Board:

  1. The Financial Stability Board, successor to the Financial Stability Forum was established in 2009.

  2. It comprises senior representatives of national financial authorities (central banks, regulatory and supervisory authorities and ministry of finance), international financial institutions 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_answer85)

  Consider the following regarding the functions of WTO:

  1. To provide facilities for implementation, administration and operation of multilateral agreements of the world trade.

  2. To provide a platform to member counties to decide future strategies related to trade and tariff.

  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_answer86)
  Which of the following organisations were set up under the Breton Woods agreement?
  A)
   World Bank      
  done clear
  B)
   IMF
  done clear
  C)
   Both               
  done clear
  D)
   None of these
  done clear
  View Answer play_arrow

• question_answer87)

  Macau and Hong Kong are two Special Administrative regions controlled by China. In January, 2014 the Reserve Bank of India (RBI) included Hong Kong and Macau in the 'Sensitive List' of countries. Consider the following statements.

  1. This means that establishments from Macau and Hong Kong will require prior approval of RBI for setting up business or related activities in India.

  2. The activities include establishment of liaison, branch, project offices or any other places of business.

  3. To this effect the Foreign Exchange Management Regulations - 2000 has been amended.

  4. Pakistan, Bangladesh, Srilanka, Afghanistan, Iran and China are already included in the Sensitive

  List. Select the correct answer using the codes given below:
  A)
   1 and 2
  done clear
  B)
   1, 2 and 4
  done clear
  C)
   1, 3 and 4        
  done clear
  D)
   1, 2, 3, 4
  done clear
  View Answer play_arrow

• question_answer88)

  Which of the following statement is not correct in relation to International Monetary Fund?

  1. India is a founder member of the IMF.

  2. IMF conducts regular review of India's economic status under Article IV.

  3. India's quota in the IMF is more than 2 percent

  4. Finance Minister is ex-officio Governor of the IMF

  A)
   1 and 4
  done clear
  B)
   3 only
  done clear
  C)
   1 only 
  done clear
  D)
   2 and 4
  done clear
  View Answer play_arrow

• question_answer89)

  Which of the following statements is/are correct?

  1. European Central Bank (ECB) has announced the new bond buying programme called Outright Monetary Transactions (OMT).

  2. ECB includes unlimited purchases of bond with period of 1-3 years, subject to conditionality.

  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 regarding the Asian Clearing Union:

  1. It was constituted to eliminate the difficulty of payments for trade in local currencies so as to solve the scarcity problem of foreign exchange.

  2. The headquarters of ACU is in Tehran (Iran).

  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_answer91)
  Which are the three pillars of Basel II?
  A)
   Credit Risk, capital adequacy, Debt Control
  done clear
  B)
   Risk weighted assets, supervisory review and capital adequacy ratio
  done clear
  C)
   Minimum capital requirement, supervisory review & market discipline
  done clear
  D)
   Capital adequacy, Risk weighted assets and Debt Control
  done clear
  View Answer play_arrow

• question_answer92)

  Consider the following statements

  1. Disinflation is a decrease in the rate of inflation.

  2. In the disinflation, the inflation is falls below the zero percent level. 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_answer93)

  Consider the following regarding disinflation:

  1. It refers to a process of bringing down prices moderately from their high level without any adverse impact on production and employment.

  2. Disinflation is an anti-inflationary measure.

  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_answer94)

  Which of the following classes of people is/are generally benefited by inflation?

  1. Creditors

  2. Exporters

  3. Fixed income group

  4. Bond holders

  5. Pensioners

  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)
   2 only 
  done clear
  D)
   None of the above
  done clear
  View Answer play_arrow

• question_answer95)
  What is "Financial repression"?
  A)
   It is a situation of High Inflation and Low real interest rates which deter the financial savings.
  done clear
  B)
   It is a situation in which the inflation shocks effectively reduce the value of outstanding debt.
  done clear
  C)
   It is a situation where a state is indirectly encouraging people to purchase gold, real estate and overseas assets.
  done clear
  D)
   It is a situation where a low and stable inflation rate helps maintain the value of the currency, both domestically and externally.
  done clear
  View Answer play_arrow

• question_answer96)
  Which one of the following is riot a factor causing Demand pull inflation?
  A)
   Deficit spending by the Government
  done clear
  B)
   Increase in incomes
  done clear
  C)
   Rapid growth of population
  done clear
  D)
   Increase in money wages
  done clear
  View Answer play_arrow

• question_answer97)

  What is correct about the 'headline inflation' of India? Select the answer using the code given below:

  1. It is measured at the wholesale as well as consumer prices.

  2. We see enough diversities among the Indian consumers; that is why we have four variants of the inflation index at the consumer prices.

  3. The concept was first forwarded by Mr. C. Rangarajan in the late 1980s.

  Codes:
  A)
   Only 1 
  done clear
  B)
   1 and 2
  done clear
  C)
   Only 3 
  done clear
  D)
   None of these
  done clear
  View Answer play_arrow

• question_answer98)

  The scheme Dhanlakshmi includes the specific objectives of which of the following:

  1. The direct and tangible objective is to provide a set of staggered financial incentives for families to encourage them to retain the girl child and educate her.

  2. The more subtle and intangible objective is to change the attitudinal mind set of the family towards the girl. 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_answer99)

  Read the following statements regarding Rajiv Gandhi National Drinking Water Mission:

  1. This programme was introduced as one of the five Societal missions in 1986.

  2. It was renamed as Rajiv Gandhi National Drinking water Mission in 1991. 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_answer100)

  Consider the following statements:

  1. Employment on usual status basis is estimated by National Sample Survey Organisation.

  2. The usual status basis measures employment over a reference period of one week.

  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